Vancouver 2020 Real Estate Market In Review

Vancouver Real Estate
  What happened in 2020 in the Greater Vancouver housing market? – February 45% more sales than 2019 – April 40% fewer sales than previous year & prices were up 2.5% – May was the only month we saw a decrease in prices at 0.5% – June 17% more sales than 2019 & prices were…
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Vancouver Vacancy Tax Triples

Uncategorised
Mayor Kennedy Stewart pushed forward an amendment to increase Vancouver’s vacancy tax to 3.0% in 2021, triple what it was previously. He hopes that by increasing the tax rate it will push owners of empty homes to either rent them or sell them to feed the local demand.  As many are aware the original motion…
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5 Steps To Get You Started On Selling Your Home

Vancouver Real Estate
  5 STEPS TO GET YOU STARTED ON SELLING YOUR HOME   1. RESEARCH & INTERVIEW AGENTS Things to consider when interviewing your potential agent: Do they have a lot of listings but low sales volume? Go with someone who aims to sell their listings over the volume of listings. What do they know about…
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What Is a Non-conforming Stata?

Vancouver Real Estate
Before I answer the question, if all duplex’s are non-conforming stratas, it is important to understand what a strata is and why they exist.  In the lower-mainland we have a strata property act that dictates certain rules that all strata owners must abide by.  One of the major points to understand is that within a strata owners…
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Bertram Bernard Block, Kelowna’s First Urban Village

Vancouver Real Estate
Featuring Bertram at Bernard Block, Kelowna’s first downtown Urban Village! 3 Minutes to the new future UBCO Downtown Campus, Bertram is a smart real estate investment because of its prime downtown location, walk score of 98, extensive building amenities and modern interiors. This stunning 34 storey high rise features 1 bedroom, 1 bedroom + den,…
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While the economy drops, mortgage rates.. rise?

Vancouver Real Estate
The Bank of Canada has cut their overnight rate by 1.5% since the beginning of March, triggering lenders to drop their prime lending rates by the same amount. Bond yields have dropped to their lowest levels in years. Economies around the World are grinding to a halt as COVID 19 quarantine continues. And you mean…
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Are Canadian Banks Waiving Mortgage Payments?

COVID-19 Vancouver Real Estate
COVID-19 is here, and it has quickly become the biggest disrupter in not just our health care system, but our financial markets, small businesses and everything in between. We’ve seen unprecedented stock market drops, small businesses close their doors until further notice and people self-quarantine for the foreseeable future. What does COVID-19 mean for the…
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Bank of Canada Rate Cut

COVID-19 Vancouver Real Estate
Rates dropped this week … coronavirus effects caused the Fed to drop their rate 0.50% on Tuesday and the Bank of Canada followed on Wednesday: the Fed move was definitely a shock, as they were not scheduled to announce until March 18. The Fed hasn’t made an unscheduled announcement since 2008, and even then it…
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Today’s Market and Tomorrow’s Growth

Vancouver Real Estate
Vancouver is one of the most beautiful cities in the world; with a stunning setting between the North Shore Mountains and Pacific Ocean. We are considered the “Hollywood of the North”, coming second to Los Angeles in TV production and third in feature film production. We are a Port City, tech hub, and front runner for sustainability.…
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Airbnb Friendly Buildings In Vancouver

Vancouver Real Estate
Airbnb has grown tremendously in the last several years as many travellers go-to accommodation site. Here in Vancouver, the City has a fairly strict policy as to who can Airbnb their property. Prior to 2018, rental stays for less than 30 days were not permitted in Vancouver, except for licensed hotels or bed-and-breakfasts in certain…
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Is Vancouver Real Estate in a Bubble?

Vancouver Real Estate
We hear all the time if the Vancouver Real Estate market is in a bubble or if the bubble is going to burst.  In order to answer this question we likely need to determine what is a real estate bubble?  We also need to determine what constitutes a bubble bursting? First off what is a…
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Best Areas in Vancouver to Buy

Vancouver Real Estate
When you are ready to buy your first home you have a few critical decisions to make.  First you need to decide how much you are willing to spend.  You should get a pre-approval from a mortgage broker, and from there decide if you want to max that out or spend a bit less so…
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Assignments In Greater Vancouver

Vancouver Real Estate
What are Assignments? How do Assignments work? What should we expect from Assignments moving forward? The Greater Vancouver real estate market has seen a tremendous amount of new construction over the years. With new construction comes assignments. Essentially an assignment is when a purchaser of a property sells their contract to a new purchase before…
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Use Current Market Conditions to Your Advantage

Vancouver Real Estate
Chapter 1: Know What’s Selling Springtime; typically one of the busiest seasons for Real Estate. I’m incredibly curious to see what the April statistics have in store for us. We see so many posts, on so many mediums, casting a very dark light on the market. Everyone seems to be getting inundated with information without…
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Vista by Dolomiti Homes

Vancouver Real Estate
I recently went to the realtor prescreening of the Vista project by Dolomiti Homes in Burquitlam. We have been selling quite a few homes to our clients in the suburban areas surrounding Vancouver, as people are tired of paying a premium for square footage in the city when commuting via skytrain is quick, easy and…
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