Market definition updates for Vancouver, West Vancouver
Posted on May 07, 2022
Following the release of its monthly statistics last week, the Real Estate Board of Greater Vancouver provided members with a report that drilled deeper. The monthly message from REBGV was that the market conditions are returning to more “traditional” levels.
The two graphs below indicate how close the markets for Metro Vancouver and West Vancouver...
Doing the right thing for property heirs
Posted on Apr 24, 2022
While preparing for end of life is always difficult, not to mention sensitive, there is one aspect of preparation that can be essential, not to mention wise.
Property inheritance.
Think of it in the context of this hypothetical family: the parents have lived in the family home for decades, raising several children. During that time, its value has mul...
The importance of mortgage pre-approval
Posted on Apr 17, 2022
In a real estate climate where things can change quickly, one way to be prepared for the home you’re planning to buy is to be pre-approved for a mortgage.
What does this mean?
It means you will go into a real estate transaction knowing what your budget is, knowing what homes are worth looking at because they match your criteria, and knowing you’ll li...
Housing Minister’s ‘sense of urgency’ continues to grow
Posted on Mar 23, 2022
Momentum appears to be growing for finding a way to overcome zoning issues that are delaying more affordable housing through British Columbia, specifically in the Lower Mainland. The latest comments from Housing Minister David Eby are making headlines.
In a report by CBC, the minister said the government is looking at legislation that, if passed, wo...
Where is the heart: home or neighbourhood?
Posted on Mar 20, 2022 in Buying a house
Everybody knows the most familiar real estate refrain about the three most important things about buying — or selling — a home:
Location, location, location.
But is it? If you’re a buyer, what’s most important to you: the house you want to call home, or the neighbourhood where you want to live? A home can take priority for all the obvious reasons…eno...
Building investments on the rise but…
Posted on Mar 16, 2022
Statistics Canada is reporting that, for four consecutive months, there was an increase in investment in residential construction and that much of this accelerated activity was in British Columbia. The fourth month was January — assembling and reporting these statistics obviously takes time, even for Statistics Canada — so it could be slightly outd...