You can start your search for your next home in West Vancouver and or North Vancouver on two platforms displaying residential listings from REALTORS® which includes REALTYLINK.org and REALTOR.ca or reach out to June Conway via [email protected]! What is the difference with two net platforms? REALTYLINK.org gives you access to homes listed for sale on…
This is a question that many Canadians ask themselves before entering the housing market. Home ownership can be advantageous in several ways. An owner has more stability and flexibility than a renter, as there is no landlord imposing restrictions or timelines. There are also financial benefits to owning your own home. In an effort to…
Mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies are factors that can impact the housing market. All of these influence the supply and demand of the market which, in turn, affects prices. There are three classifications experts use to describe the balance of supply…
Effective January 1, 2022, the federal Budget 2021 announced the government’s plans to implement a national, annual one-per-cent tax on the value of non-resident, non-Canadian owned residential real estate that’s vacant or underused. The government is finalizing draft legislation for the proposed underused housing tax (UHT). They’re releasing a draft later this year and will…
The past 18 months has been like no other for Metro Vancouver’s housing market! A steady recovery was well underway when the pandemic put the housing market and the rest of the economy into a lockdown in March of 2020. This lockdown, however, was short lived. To the surprise of many, home sales and, shortly…
How much do foreign buyers impact Metro Vancouver’s real estate market? “Non-Canadian or permanent resident home purchases have continued to fall throughout the pandemic,” said Keith Stewart, REBGV economist. “All measures of non-Canadian or permanent residents purchasing homes are less than or close to one per cent in July 2021.“ *Note: Areas covered by the…
A market update was recently presented to the REALTORS® of Metro Vancouver by Keith Stewart, REBGV economist, covering the effects of COVID-19 pandemic on Metro Vancouver and elsewhere. Here are the highlights. Jobs are recovering, but there’s room to improve A key economic indicator is unemployment. When unemployment levels spiked after the 2009 financial crisis,…
You’re casually talking about the housing market with a REALTOR® you’re interested in working with, when the conversation shifts to your personal financial situation. The Realtor stops the conversation and politely asks you to sign a form called “Disclosure of Representation in Trading Services” (DORTS) before they can continue. This may seem a little sudden,…
BC’s wildfire season is devastating communities across our province this year with nearly 270 fires burning right now. During this crisis, it’s important to understand what you should expect from your insurance. What to expect Trying to obtain fire insurance can be difficult in areas under the threat of wildfires. While insurance underwriters follow their…
There is more than one measure to determine how a real estate market doing. For example, months of inventory, sales-to-active listings ratio, new listings-to-sales ratio, days on the market, and house price index. MOI or Months of Inventory is a measure of how fast all the actively listed property types on the market last. You…
