In the dynamic real estate landscape of Metro Vancouver, the month of July 2023 witnessed yet another upswing in home prices across all types of properties, fuelled by a robust sales surge. This ongoing trend of price escalation is…
Metro Vancouver’s housing market is witnessing a continued surge in home prices as the summer season commences. The limited availability of homes for sale in the region is causing a clash with the high demand from prospective buyers, leading…
The Greater Vancouver real estate market has been experiencing a slowdown in recent times. However, experienced investors understand that a slower market presents unique opportunities that can be harnessed for greater returns. Here are three ways smart real estate investors…
The real estate market is currently experiencing a shortage of available inventory, which is causing a decline in seller interest in listing their properties. This is primarily due to the increase in borrowing costs, which has made it difficult…
The Vancouver real estate market is experiencing a surge in multiple offer situations due to a low inventory of available properties. This trend is especially clear in a condo and the townhouse markets in Greater Vancouver. However, the current trend…
The Vancouver real estate market has been experiencing a slowdown in recent years due to high interest rates. However, smart investors are taking advantage of these conditions to make strategic investments and maximize their returns. In this article, we’ll explore…
Over the past year, interest rates have surged significantly, and the average 5-year variable rate is now around 6.45%. In comparison, just a year ago, the rate was at 1.6%. The increase in interest rates has led to a…
Let’s talk about the new September market statistics and what we can learn from them. The market is much slower than usual at the moment. There are fewer sales across the board. About a 35% drop in over all transactions…
If you’re a buyer in greater Vancouver area in the fall of 2022 I have some good news for you. The market seems to be in your favour. You probably have heard of crazy bidding wars, subject free offers and…
MLS Home Price Index MLS Home Price Index for the detached houses in Burnaby in August 2018 (see graph below) Burnaby East: $1,269,200 | -3.9% (change since August 2017) Burnaby North: $1,501,200 | -5.8% (change since August 2017) Burnaby South: $1,621,000 | -5.6% (change since August 2017) Average…