July Market Report: Homebuyers, investors take advantage in this market

By: Kit Brown

July Market Report: Homebuyers, investors take advantage in this market

Tags: Vancouver Condos, Vancouver Homes, homes in Canada, city living, Vancouver House prices, BC Real Estate, Vancouver Living

HIGHLIGHTS OF THE JULY 2022 REPORT Average 5-year mortgage rates are up just 1.4% from six months ago. First-time homebuyers in B.C. are down 46% compared to a year ago. Foreign homebuyers now account for just 1% of Metro transactions. July benchmark detached house price is up $47,500 from January 2022. The number of active listings are in decline  There are two s...Read More

June Greater Vancouver Sales and Listing Report

By: Kevin Skipworth, Partner/Broker and Chief Economist at Dexter Realty

June Greater Vancouver Sales and Listing Report

Tags: Vancouver Real Estate Market, Vancouver Housing Market, Vancouver Home Prices, Vancouver Condos, Vancouver Houses

  Buyer’s emerging with a market advantage HIGHLIGHTS OF THE JUNE 2022 REPORT Biggest drop in month-over-month house price Port Coquitlam down 5.9% Biggest increase in month-over-month house price: West Vancouver, up 0.4% ...Read More

Condos Alone Cannot Meet Buyer's Demand

By: Kevin Skipworth, Partner/Broker and Chief Economist at Dexter Realty

Condos Alone Cannot Meet Buyer's Demand

Tags:

Vancouver Homes, Vancouver Condos, Vancouver Home Prices

“Courage is found in unlikely places.” J.R.R. Tolkien Sales of condominium apartments accounted for 53 per cent of all housing sales in Greater Vancouver in November 2021, with a 33.3% surge in transactions compared to November of 2020, but the record-setting sales pace may underline desperation in the market. Highlights of the November 2021 housing market: Highest year-over-year d...Read More

Greater Vancouver RE Market Report Sept. 2021

By: Kit Brown

Greater Vancouver RE Market Report Sept. 2021

Tags: Home

Election over but the effects will linger in Metro Vancouver The federal election is over and those who think nothing has changed should prepare themselves for some of the most intrusive legislation ever into the private-sector housing market. It has never been more apparent that this much housing policy is a reaction to headlines and social media. Common sense is trumped by the need to appear ...Read More

House Hunting Mistakes to Avoid

By: Kit Brown

House Hunting Mistakes to Avoid

Tags: House

Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a 5 house hunting mistakes to avoid and be aware of before you start your journey: 1. Not Getting Pre-Approved One of the most important aspects of buying a home is the mortgage application and approval process. No matter what type of home you are look...Read More

7 Things the Fall Housing Market Could Have in Store for Buyers in BC

By: Kit Brown

7 Things the Fall Housing Market Could Have in Store for Buyers in BC

Tags: Home

1. A hot pre-sale market BC’s pre-construction market should continue to be busy this fall, with buyers looking to lock in low interest rates with a relatively small initial deposit. In city centers and the suburbs alike, interest in new builds has surged in recent months.  There are many reasons why new developments in BC are becoming more attractive, especially in regard...Read More

Greater Vancouver RE Market Report August 2021

By: Kit Brown

Greater Vancouver RE Market Report August 2021

Tags: Home

Townhouse sector exposes razor-thin housing supply We are in the heat of a hastily-called federal election and housing is the central platform of the major parties, all of which say they will make housing more affordable for the so-called ‘missing middle’, us common folk who may simply need to buy a townhouse. Yet the Lower Mainland’s townhouse market exposes the razor-thin h...Read More

How to Buy a Presale Condo: Mortgages, Deposits, and Developers, Explained

By: Kit Brown

How to Buy a Presale Condo: Mortgages, Deposits, and Developers, Explained

Tags: Condo

If you’ve ever wondered how to buy a presale condo but have been intimidated by the unfamiliarity of the process, this how-to guide is for you. First-time homebuyers and individuals new to the presale or pre-construction condo market typically have many similar questions, all of which are straightforward and easy to answer. Once you’ve taken in the information below, you’ll kno...Read More

The Awesome House Hunting Checklist (with Printable PDF)

By: Kit Brown

The Awesome House Hunting Checklist (with Printable PDF)

Tags: House

Buying a new home is incredibly exciting, albeit a little daunting. It’s likely going to be your biggest purchase, though, so it makes sense to give serious thought to exactly what you want. Thereafter, we want to know exactly what we’re getting into by peeling back the façade of beautifully dressed homes and digging a little deeper.  We’ve highlighted some o...Read More

7 Reasons You Should Use a Buyer’s Agent

By: Kit Brown

7 Reasons You Should Use a Buyer’s Agent

Tags: Buyer

Purchasing a home is a significant life event, and having a buyer’s agent represent you throughout the process is highly beneficial. Seller’s agents are solely focused on representing the best interests of the seller, so having someone on your side of the transaction that you can trust is a great way to protect your own interests.  If you’ve been considering buying a home...Read More

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