Strategies for Buying Your First Home Your first home purchase can be an unnerving path filled with uncertainty and doubt. Can I afford it? Am I paying too much? Will I be able to pay the mortgage? Property prices continue to rise, so buying a home for the first time may seem like an unreachable … Read more
For homebuyers interested in buying a condo, it all comes down to a very important and sometimes tough decision: Old or new? Condos form their own community by sharing common areas such as a fitness center, manicured grounds, and a pool, for example. As opposed to an apartment owner, condo owners pay monthly fees for … Read more
On March 28, 2022, the BC Government introduced amendments to the Property Law Act which enable the creation of a “Homebuyer Protection Period”, which is essentially a cooling-off period that allows buyers to back out of buying a home after signing a Contract of Purchase and Sale. These amendments come as a result of the … Read more
Continuing their unrelenting upward trend, Metro Vancouver’s rental averages have climbed another $16 from February. In fact, the region has seen only one month out of the past six where prices declined in the aggregate, and that was a mere $4 drop from December to January. This month, Vancouver’s rent prices have risen even further … Read more
While down from last year’s record numbers, home sale activity in Metro Vancouver’s* housing market remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a … Read more
Many homeowners are unaware that Selling a tenant-occupied home is very different than selling a vacant home. Tenanted homes come with tenancy laws, and in British Columbia, the tenancy laws are strict in protecting tenants’ rights. If you or your real estate agent is unaware of these frequently changing laws and you fail to abide … Read more
Rental prices in Vancouver seemingly can’t be slowed, gaining an average of $13 this February after months of steadily climbing. Metro Vancouver’s average rent is now at $1,840, up from their already high January levels. This increase was largely led by cities like Langley and New Westminster, which both saw significant upward trends this month.
The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings, and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,424 in February 2022, an 8.1 percent decrease from the 3,727 sales recorded in February … Read more
Rental prices across Metro Vancouver from December 2021 to January 2022 saw some huge increases in terms of average prices of furnished units. Aside from a few exceptions, rent for unfurnished units remains relatively unchanged in most communities after last month’s price action. Monthly Rental Market Report If you’d like a rental analysis for your … Read more
The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease … Read more
Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 … Read more
Buying a home doesn’t happen overnight. It doesn’t happen over days or even weeks. It takes planning and commitment. It’s a matter of finding a home that fits, making sure the math works out, putting in a competitive offer, and getting to a sealed deal with the seller. Buying a home is a big investment. … Read more