(October 22, 2018)
Our real estate market looks vastly different from what it did this time last year.
While this may not be good news for sellers, its definitely better news for buyers. This time last year, anybody who was in the market may have been caught up in the frenzy and overwhelmed by frustration.
Buying opportunities are here again.
What is a buyers market?
In contrast, a buyer’s market is when... read more
(October 18, 2018)
The B.C. government has introduced the details around the controversial speculation tax. Finance Minister Carole James introduced legislation on Tuesday that lays out the tax applied to homes that are left empty in British Columbia but which really doesn't address many of the concerns brought forward by various municipalities.
Its my opinion that pretty much all of th... read more.
(September 21, 2018)
Good news for home owners and not so good news for new home buyers or those trying to get into the housing market...
A relatively positive outlook from the Scotiabank Economic Report states the following:
We look for continued moderate home price gains in Vancouver and BC, with sales gradually resuming their upward trajectory later this year and into 2019. The province continues to generate new full... read more
(September 17, 2018)
In a perfect pairing, high design and haute couture have brought their fashion sense to one of the more utilitarian spaces of the house—the closet—transforming it from a storage work horse to a chic clothes horse.
This metamorphosis, driven by homeowners’ desires to show off their invaluable valuables in an organized and opulent manner, has literally given the space a room of its own that’s outfitt... read more.
(September 14, 2018)
So much for tougher mortgage rules biting into buyer demand in BC’s housing market. That’s mostly a thing of the past, at least so far as the British Columbia Real Estate Association (BCREA) is concerned.
“The downturn in housing demand induced by the mortgage stress-test is now largely behind us,” says Cameron Muir, BCREA’s Chief Economist, in a statement.
“The BC Housing market is evolving along... read more