March Sets New Records In Metro Vancouver

Posted on Apr 07, 2021

The March stats have arrived and as you may have guess the market is white hot; as home buyers and sellers have reached extraordinary levels in March.

Home sales in the Greater Vancouver region (GVRD) reached a total of 5,708 in March 2021; which is a 126.1% increase from the same time in 2020 and a 53.2% increase from February 2021. The sales in M...

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5 Ways To Avoid Getting Scammed When renting

Posted on Apr 01, 2021

We have all heard the horror stories from both landlords and tenants about the trials and tribulations that can occur in the rental market. One of the huge issues is scams that can occur when attempting to rent a place. This is one of the many reasons that using a professional manager is a good idea for owners as when the ads are posted it is very...

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February market showing love for sellers and not much for buyers

Posted on Mar 12, 2021

The February 2021 stats have arrived and as expected from the past few months of activity there is heavy upward pressure on the prices. This is mainly fueled by the competition among the buyers with historically low interest rates and a seemingly feeling of missing out. The original type of home that was feeling this pressure was detached houses, b...

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2021 Starting Off With A Bang!

Posted on Feb 11, 2021

The stats have come in to start off 2021 and they are HOT. Sales activity over the past 3 months has been on an abnormal pace that is out running the supply. Last month was 36.4% above the 10 year average for January. The lack of supply and increased demand has caused multiple offers to be common place and thus is creating upward pressure on prices...

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Purchase Plus Improvements Financing Program

Posted on Feb 01, 2021

Many buyers add the costs of initial major renovations into their mortgage, instead of racking up credit card bills or selling investments to pay for the refurbishments. 

Known as “purchase plus improvements” financing, this type of mortgage covers the purchase of a home plus any renovations (up to 10% of the purchase price) that would increase the v...

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A Strong Finish For December 2020

Posted on Jan 06, 2021

Sales for the year in the Greater Vancouver Regional District (GVRD) totaled 30,944. This is a 22.1% increase from the final tally in 2019; however last year’s total was 2.8% below the 10-year average. Overall GVRD fared relatively well though out the pandemic and the market coming to a dead stop in March when it first reared its ugly head.

2020 had...

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