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