If you have been considering the purchase of a single family home for awhile, now is the time to start a serious search. Last year actually would have been a better time to buy because interest rates were lower and qualification rules were easier. Because of the new qualification rules[…]
With so many changes coming from both the Federal and Provincial levels of Government, people are choosing the sidelines either hoping a full on crash is coming or crossing their fingers it does not. Rather than passively watching from the sidelines we want you to monitor some key stats so[…]
We believe the answer is Yes. We have seen a small uptick and while “uptick” is not scientific, often the turn of the market starts with a feeling because by the time it is a proven fact we have moved past the bottom and are headed up. Here are some[…]
WHEN IS THE RIGHT TIME TO BUY? With all of the conflicting news stories, statistics and commentary about the local real estate market, it is tough to know when to buy. Below are three scenarios that point to it being the right time to buy. The single family home market[…]
The real estate market is hard to make sense of currently, largely because the government is implementing change after change without allowing much time between the changes to actually analyze the effect of each change. It is clear that the 15% foreign buyer tax has created 2 very separate and[…]
Here it is in five bullet points: 1. The number of sales are down 2. Inventory is still low 3. Higher priced single family homes are affected the most 4. Condos and Townhomes are still actively moving 5. Rents are going crazy The market is a dynamic place with many[…]
When it comes to any industry, supply and demand is king – real estate is no different. If you want to monitor the direction prices will go in the Greater Vancouver Real Estate Market make sure you monitor supply on a regular basis. The graphs below are updated every month.[…]
Image: Flickr/Jasperdo You can’t escape talk of real estate prices in Vancouver this year but despite the debate about what to do with foreign investors, empty properties, investor taxes, and a local’s entitlement to own property, the reality is Vancouver’s development and growth has deep ties to Asia (think railroads[…]