Over the last year, market conditions in the Greater Vancouver area have been stable and we’ve seen a balance between buyer demand and seller supply. Prices have been rising continuously across the board, and that trend didn’t stop in March. However, the big picture doesn’t say much about trends in the diverse areas of Greater […]
Vancouver City Lights by Aleksander The reports of my death have been greatly exaggerated said Mark Twain. We can say the same of the Vancouver real estate market. Buyers are actively looking and making offers to purchase. Sellers are for the most part being realistic about their asking prices so that they receive the offers […]
January results for the Greater Vancouver housing market were better than the ten-year average. The Real Estate Board of Greater Vancouver (REBGV) announced that the total number of residential property sales in January 2014 reached 1,760 on the Multiple Listing Service® (MLS®). This is 30.3 per cent more than the 1,351 sales in January 2013, […]
Now that the December 2013 real estate statistics are published, it’s safe to say that the Metro Vancouver housing market maintained a consistent balance between demand and supply throughout 2013. We can remain optimistic, there is little evidence that there will be any substantial change in the current trend of stability. False Creek Sunrise by […]
Applying for a mortgage might easily seem overwhelming, with so many choices and products to choose from — especially if you haven’t had much experience with the jungle of information connected to mortgage financing before. Since you’re not an expert, it’s vital to be able to avoid at least some of the most common mistakes. […]
For almost the whole of 2013, balanced conditions prevailed in the Vancouver housing market. Current home sales and listing activities were balanced, and market conditions were favourable both for buyers and sellers.
Yaletown Sunset by Thomas Bullock Housing market activity continues to resemble the ten-year sales average in the Greater Vancouver housing market. These trends have helped keep the region in balance for the last nine months.The Real Estate Board of Greater Vancouver’s (REBGV) latest report shows that residential property sales in Greater Vancouver reached 2,661 on […]
People approaching retirement who plan to move to a new home have to make a difficult decision — should they rent or buy? Many Canadian retirees are accustomed to owning a home and consider it the only solution. A 2012 study conducted by BMO informed that more than half of Canadian homeowners expect they’ll have a mortgage in retirement.
Home buyer and seller activity in the Greater Vancouver housing market continues to far outpace 2012, yet it’s in line with the region’s 10-year averages.
An increasing number of young Canadian couples decide to invest in real estate before they get married. Young buyers — driven by low mortgage rates and high rents — want to build equity, and they usually prefer condominiums.
Traditionally people plan to pay off their mortgages before retirement. However, an increasing number of Canadian seniors take their mortgage into retirement and some of them even owe more than in the past.
A lot of pet owners realize the immediate joys that come from sharing their homes with their companion animals. But there are much bigger benefits to living with a pet than waking up to your dog lovingly licking your face. The human-animal bond has proven to bring many physical, emotional, and mental benefits.
Sunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009. According to the Real Estate Board of Greater Vancouver (REBGV), residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service in July 2013.
A new home isn’t just an investment. It’s the place where you and your family live and grow. The last thing any new homeowners want is for their home to turn out a burden in disguise. One of the best ways to avoid buying a lemon is to hire a professional home inspector. Most of us probably couldn’t tell if a house were in order just by looking at it, and there could be big problems we wouldn’t even notice before moving in.
The Bank of Canada warned that Canada’s economy may be at risk due to certain overheated segments of the real estate market, particularly Toronto’s condo market. The main national risk factors are imbalances in the housing market and high household debt. Furthermore, the Bank of Canada still believes that the euro-zone crisis represents the biggest international risk.