Category Archives: Vancouver Real Estate News

Latest real estate news from Vancouver BC and Canada by Jay Banks and his Vancouver Homes team

Greater Vancouver Housing Market: Steady Pace Continues in January

Greater Vancouver Housing Market: Steady Pace Continues in January

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, […]

Vancouver Housing Market in 2013: Modest Home Sales and Price Increases

Vancouver Housing Market in 2013: Modest Home Sales and Price Increases

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 […]

10 Major Mortgage Mistakes to Avoid

10 Major Mortgage Mistakes to Avoid

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. […]

The Vancouver Housing Market Stays in Good Shape in October

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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 […]

Retiring? Should You Rent or Buy?

Retiring? Should You Rent or Buy?

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.

With Pets at Home Come Great Benefits

With Pets at Home Come Great Benefits

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.

Vancouver Home Sale Activity Increases in July

Vancouver Home Sale Activity Increases in July

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.

Making the Most of a Home Inspection

Making the Most of a Home Inspection

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.

Slowing Housing Market Shouldn’t Put Canadian Banks at Risk

Financial-District-by-Francisco-Diez

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.