REBGV Market Update May 2019 – Modest Bounce In May, But Sales Remain Below Historical Averages

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The latest report released by the Real Estate Board of Greater Vancouver (REBGV) showed that sales in May 2019 crossed the 2,000 units sold for the first time this year. However, homebuyer demand remains below historical averages. “High home prices and mortgage qualification issues caused by the federal government’s B20 stress test remain significant factors […]

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Here Are Some Great Ideas On Buying A Home, For First Time Home Buyers

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Owning a home is a dream and a goal for most of us. But today’s first time homebuyers face numerous challenges in the form of higher prices and government regulation, which makes this dream more difficult and out of reach for some. So as a potential first time homebuyer, you have to change the way […]

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The Cost Of Selling Your Home Without A Real Estate Agent – Is It Worth It?

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Using a real estate agent to sell your home will cost you money. After all, you are using a trained professional who has taken a lengthy course and is licensed. But everyone likes to save money, and if you can save thousands of dollars by hiring your own photographer and selling it online, how difficult […]

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Luxury Home Sales And Prices Have Plummeted. Is It Time To Buy?

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The Foreign buyers tax, Mortgage stress test and incremental mortgage hikes have severely impacted the Vancouver real estate market in the past 2 years. The luxury home market has been hit the hardest:  In 2017 there were 4,282 homes that sold over $1 million – in 2018 only 3,151 units were sold – a drop […]

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If You Are Planning To Build A New Home, Here Are Some Important Tips You Cannot Ignore

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It may seem a daunting task, but building a new home can be a rewarding experience.  You can truly make it your own: you get to choose colors, cabinets, flooring and fixtures without having to deal with the design choices or shortcuts made by previous owners. But building a new home can be very stressful […]

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Corporate Secrecy On Landownership In BC May Soon Be Gone

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In 2001 when Gordon Campbell became premier of this province, he amended the Business Corporations Act, by declaring a law (Section 49) that prevented the media from visiting a corporate registered records office to find out who owns the company. This was a thorny issue with Transparency International Canada, which has been saying all along, […]

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Thinking Of Helping Your Child Buy A First Home? Here’s How You Can Do It.

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Remember the good old days when you began your early independent life with a nice starter home in the suburbs with a small lawn to cut in the summer, and a driveway to shovel in the winter? A few years later you bought a bigger home, moving up in life and work….Not anymore. Today the […]

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6 Great Ways To Enjoy And Add Value To Your Home

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Typically, your home is your most valued possession and investment. Below are 6 ways of improving your property and adding value at the same time. These renovations can sometimes have a return on investment of 5-6 times the initial investment. 1) Add an income suite. If you have a basement that is not being used, […]

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REBGV Market Update For April 2018 – Fewer Home Buyers And More Sellers.

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The April 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) noted that market conditions are changing, whereby home sales declined and seller activity increased. “Market conditions are changing. Home sales declined in our region last month to a 17 year April low and home sellers have become more active than […]

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Areas In The Lower Mainland That Are Most Likely To Be Impacted During An Earthquake

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The Big One is coming! We live in earthquake country and earthquakes occur off our coasts on a daily basis. Luckily most residents are totally unaware and never feel any effects. The Lower Mainland has been dodging the bullet and has not had a major earthquake….yet. Geographically, we are positioned close to a fault line […]

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6 Great Tips To Ensure That Your Garden Will Stay Healthy This Summer

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Winter is behind us and spring is here! Now is the time to start working on your garden, because the work you do now will ensure your garden stays healthy well into the summer. Keep watering your lawn Of all the things your lawn needs, water is the most important.  The mistake many people make […]

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When Buying A Condo, Make Sure You Are Aware Of These 4 Important Strata Bylaws

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In the past few years, the Metro Vancouver real estate scene has become very expensive. For many who want to get into the real estate market, detached homes are simply unaffordable, and purchasing a condo and town home is the only affordable solution. Developers are now aware of this fact, and there are a number […]

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REBGV Market Report For March 2018 – Housing Sales Dip While Prices Rise

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The Real Estate Board of Greater Vancouver (REBGV) released its housing report for March 2018. It reported that Metro Vancouver home sales continued to drop on a year-over-year basis. According to RBC Senior Economist Robert Hogue, the region’s sales decline is not surprising due to the mortgage stress test that had been introduced at the […]

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10 Reasons Why You Should Use A Realtor When Purchasing A Pre-Sale Deal

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Buying a condo through a “presale deal’ is when you make an initial lump sum payment for the right to receive a finished unit at the end of the deal.  It is a popular practice especially in the Lower Mainland, where there a number of condo projects currently under construction. Some huge advantages to buying […]

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The Steel Tariffs: We Have A Temporary Reprieve, But Will Trump’s Proposed Tariffs Affect Canadian Real Estate?

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Last week, US President Donald Trump announced plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum, in a bid to boost domestic production and add new jobs. Yesterday we got some relief as the proposed tariffs for Canada have been shelved for the time being. But, if the tariffs […]

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REBGV Market Report For February 2018 – A Weak February Overall.

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According to the Real Estate Board of Greater Vancouver (REBGV) report for February 2018, condo prices rose as inventory failed to keep up with demand, but single-family homes continued to be in a buyer’s market. Despite the condo market’s strong performance, the statistics show that it was a weak February overall, as new mortgage qualification rules, rising […]

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Latest BC Budget Takes Shots At Cooling The Red Hot Real Estate Market.

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The long awaited budget by the new NDP government has lived up to its promise by aggressively addressing BC’s urban real estate market.  This budget is aimed at cooling speculation, dropping house prices and taxing wealthy offshore buyers. However, there is no way to see how these measures will affect the market in the long […]

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The Smart Homes Revolution: You Cannot Ignore It.

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The Smart Homes Revolution: You Cannot Ignore It. In today’s homes, Smart Home technology is becoming more and more ubiquitous and difficult to avoid. It encompasses things like thermostats, lighting, video etc.; just about everything at home can be connected to a smart device making our lives easier. For example, the Smart Home revolution has […]

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REBGV Market Update For December 2017 – Condo and Townhome Sales Continued to Dominate.

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The December 2017 Real Estate Board Of Greater Vancouver (REBGV) market report showed that the prevailing trend of the last few months, continued in December. Home Sales December sales of detached, attached and apartment properties totaled 2,016, a 17.6% increase from December 2016 and a 27.9% decrease from the previous month. December sales were 7.5% […]

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Will The “Locals First” Policy Work At Reducing Vancouver Condo Prices?

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Vancouver’s on going escalating real estate prices and low availability have been a contentious issue with local residents. In October 2017, Mayor Gregor Robertson introduced a controversial motion in Council  – “Locals first “ condo pre-sale policy –  aimed at preventing real estate developers from offering out of province buyers first chance at condo presales […]

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If You Own A Home With An Illegal Secondary Suite, Here’s Why You Should Get It Legalized.

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With home prices in the Lower Mainland reaching dizzying heights, many homeowners are looking at ways of offsetting the high mortgage costs. So it should come to no surprise that secondary suites have become a widespread practice, especially with the incredibly low rental vacancy rate. But a large proportion of homes with secondary suites in […]

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Here’s A Summary of Vancouver’s New Housing Strategy For The Next 10 Years

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Vancouver is ranked as one the most unaffordable cities in the world in terms of owning a home and has a vacancy rate for rental units of under 1%. After a year of studies and consultations, The City of Vancouver is proposing sweeping changes in a new 10-year housing strategy just released. It’s a plan […]

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REBGV Market Update For November 2017 – We Are Continuing To Experience Above-Average Demand And Below-Average Supply

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The latest Real Estate Board of Greater Vancouver (REGBV) report on the November 2017 real estate market, showed modest home listing changes and steady demand. Jill Oudil, the current REGBV President remarked, “ We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium […]

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BCREA – BC Housing Market Will Continue To Cool In 2018, But Prices Will Not Soften

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In the release of its 2017 Fourth Quarter Housing Forecast, the British Columbia Real Estate Association (BCREA) is showing an expected 8.8% decrease in residential prices across the Province this year, and a further 10.4% decline next year. The average MLS residential price in BC is forecast to increase 3.1% to $712,300 this year, and […]

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