Greater Vancouver Real Estate News

Real estate tips for buying, selling, owninginvesting, renovating and more! Plus stay up to date on the real estate market, new developmentsmortgages, and what's happening in Greater Vancouver.

Oct. 10, 2019

September 2019 - Increased Demand Helps the Greater Vancouver Real Estate Market Reach Balanced Territory

To view  all the details of the current Greater Vancouver, Fraser Valley, Vancouver West and Vancouver East real estate market statistics and graphs, just click the desired buttons below to open a detailed PDF report.

Posted in Market Update
Oct. 9, 2019

City and Government Taxation & Policies Continue to Affect the Vancouver Real Estate Market

Andrey Pavlo - How Taxes & Government Policies are affecting real estate supply and demandExcellent office meeting today with guest speaker Andrey Pavlo, Professor of Finance at SFU.

Andrey talked about how government and city policies and taxes have affected the real estate supply and demand and continue to influence values in Vancouver.

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Posted in Market Update, News
Sept. 18, 2019

Cutting Home Renovation Costs without Cutting Quality

How to Cut Home Renovation Costs

As you probably know, it's easy to lower the costs of a renovation. Just hire an inexpensive, fly-by-night contractor — and hope for the best!

Chances are, you won't want to take that risk. So how do you ensure you get quality work while keeping your budget in check?

Here are 5 tips to cut your home renovation costs:

  • Get estimates from at least three contractors. Often prices can vary widely, even amongst contractors with similar reputations and experience.
  • Narrow the project focus. If you're getting a bathroom renovated, for example, decide whether you need the contractor to paint the new walls. Can you do that yourself?
  • Shop around for the building materials. Yes, contractors often have access to wholesale prices. Still, you might be able to find a bathtub and vanity at a lower cost or at least avoid any markup the contractor may charge.
  • Negotiate. Sometimes a contractor is willing to lower the price for concessions, such as quick payments or more time to complete the job.
  • Schedule the renovation during a low-demand season. For example, deck contractors charge more in the spring than the fall. It's supply and demand. More people want their decks done in the spring.

Keep in mind that spending a little more for a skilled and reputable contractor can save you money in the long run. The renovation will have fewer, if any, "issues" (that may require an expensive fix) and will last longer.

Contact Us for our trusted list of contractors or to discuss which home renovations will allow you to obtain the most money when you sell.

Related articles: Home Renovations, Home Maintenance, Selling Your Home 

 

Posted in Maintenance, Renovating
Sept. 15, 2019

Proposed Designs for the Granville Bridge Pedestrian & Cycling Path

Granville Street Bridge Pedestrian & Cycling Path Overview

The City of Vancouver is investigating options to potentially create a walking and cycling path across Vancouver's Granville Bridge. This would not only make it safer but also make it easier for people in Kitsilano, False Creek, Fairview to access Yaletown, Downtown and the West End. Conceptual plans are available detailing their proposed options.

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Posted in Community
Aug. 13, 2019

Government Intervention Continues to Affect the Greater Vancouver Real Estate Market

The government policies, increased taxation and mortgage restrictions continue to affect the Greater Vancouver market.

There were 2,584 homes sold of all types in Greater Vancouver in July this year compared with 2,098 homes sold last month, 2,018 sales in July last year and 3,012 homes sold in July 2017. This was 8 per cent below the 10-year average for July (compared with 33 per cent below the 10-year average last year in July). It was still the lowest number of homes sold in July since 2012 at 2,135. In fact, 1998 to 2000 saw some of the lowest amounts for sales in the month of July (1,758 in 2000, 2,217 in 1999 and 1,860 in 1998).

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Posted in Market Update
Aug. 9, 2019

July 2019 - Home Sales Increase in July!

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Posted in Market Update
July 11, 2019

June 2019 - Housing Supply Up but Home Sales and Prices Down

To view  all the details of the current Greater Vancouver, Fraser Valley, Vancouver West and Vancouver East real estate market statistics and graphs, just click the desired buttons below to open a detailed PDF report.

Posted in Market Update
July 9, 2019

Vancouver Broadway Corridor Subway Station Update July 2019

Broadway Corridor Subway MapIn the Spring, the city started a 2 year planning process regarding the construction of a skytrain line on the Broadway Corridor associated with a Broadway Plan.

This Broadway Plan area (from Clark Dr to Vine St) includes neighbourhoods such as Kitsilano, Fairview, Mt. Pleasant, and the False Creek Flats, and is part of a 30 year plan to incorporate a new subway line, housing (for homeowners and tenants), new commercial properties, improved parks and public spaces and various other amenities.

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Posted in Community, News
July 2, 2019

First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage costs. Some qualifications for this incentive are:

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June 14, 2019

The "Real" Housing Market is Quite Different than the Media's Portrayal

As we've been saying over the last few months, we've been expecting the market to shift from a buyer's market to a seller's market. The statistics are now showing this trend, and we're seeing multiple offers return to the marketplace. In fact, this year, we've sold all our listings in multiple offer situations, achieving excellent sale prices for our seller clients. Below is a great article by the Dexter Realty Chief Economist.

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Posted in Market Update