By: Cheryl Davie

If You Own a Residential Property in BC, Here’s How the Vacancy & Speculation Tax will Impact You

Tags: Speculation Tax, Vacancy Tax, Vancouver Housing

  What are the primary drivers of implementing this tax? This tax was created in response to the housing crisis in major urban areas, throughout Greater Vancouver. By putting this program into action, the province hopes to: Target foreign and domestic buyers who own property in BC, but don't pay tax here Turn empty homes into housing (more explanation below on how renting your prop...Read More

January Sales Creep Up Compared to December, But Stress Test Impacts & Shifting Attitudes Towards Home Ownership Prove More Problematic in Our Market

By: Cheryl Davie

January Sales Creep Up Compared to December, But Stress Test Impacts & Shifting Attitudes Towards Home Ownership Prove More Problematic in Our Market

Tags: Homes in Vancouver, Vancouver Housing, Real Estate, January

January saw home listings continue to increase across all property categories, but buyer activity couldn’t keep up. Compared to December, home sales from this past month are up 2.9%, but overall, sales for January remain at their lowest point since 2009. The New Mortgage "Stress ...Read More

8 Realtor Recommended Steps to Take Before You Start House Hunting

By: Cheryl Davie

8 Realtor Recommended Steps to Take Before You Start House Hunting

Tags: House Hunting, vancouver, real estate, realtor, tips

The hunt is only half the battle when it comes to purchasing property. Taking care of crucial details beforehand will make all the difference when you do find your dream home. Before you jump into the real estate game, we'd highly recommend walking yourself through these 8 simple steps:   1. Talk to a mortgage broker Don’t start looking at million dollar mansions if your budget d...Read More

New Year, New Market! Predictions for Vancouver Real Estate Going Into 2019

By: Cheryl Davie

New Year, New Market! Predictions for Vancouver Real Estate Going Into 2019

Tags: 2019, Vancouver, Housing Market, Vancouver Real Estate, ALL POSTS

What Can We Take from 2018? The Delicate Balancing of Supply and Demand Basic economics dictates that a free market is largely controlled by supply and demand; real estate is no exception. The balance, or imbalance, between the two has generated the rising property prices over the past two years, and will continue to play a role as the market stabilizes. We saw a vast amount of demand going into...Read More

Hong Kong Apartment Sizes Went From Micro to Microscopic, But Public Interest Also Seems to Be Shrinking

By: Cheryl Davie

Hong Kong Apartment Sizes Went From Micro to Microscopic, But Public Interest Also Seems to Be Shrinking

Tags: Housing Market, International Housing, Hong Kong, Vancouver, Small Homes, Micro Homes, Real Estate, ALL POSTS

Even in the most expensive housing market in the world, this much less isn’t coming across as more.  Back in 2010, Hong Kong developers thought they’d found a perfect little solution: think smaller. Limited space and a growing population meant dwellings needed to become more compact (much, much more compact). It seemed so clear at the time: micro-apartments would be the next big ...Read More

November Presents Us With Staggering Statistics, But Buyers Should Not Take December Off

By: Cheryl Davie

November Presents Us With Staggering Statistics, But Buyers Should Not Take December Off

Tags: November, Vancouver, Market Update, Vancouver Real Estate, Vancouver Housing Market, ALL POSTS

How to Interpret The Numbers As The Vancouver Housing Market Cools The “wait and see” approach many buyers had been employing through 2018 appears to be transferring over to sellers in this cooling market. As for fear from last month that supply will continue to outweigh demand, November showed a 29% decrease in newly listed properties on the MLS, compared to October. However, the sl...Read More

By: Cheryl Davie

October Home Sales Reported As "Below Average" While Interest Rates Keep Climbing

Tags: Vancouver, October, Market Update, Vancouver Housing Market, Interest Rates, Vancouver Real Estate, ALL POSTS

Buyers Should Leverage Options, But Sellers Can Still Be Strategic What Do I Need to Know About The Market? Supply continues to grow across the Vancouver housing market. As listings accumulate, a general trend towards decreased sales has been recorded.The Real Estate Board of Greater Vancouver reports a 34.9% decrease in home sales recorded for October 2018, compared to sales of October of last ...Read More

By: Cheryl Davie

PROTECT YOURSELF: STRATA WATER DEDUCTIBLE REVIEW REMINDER

Tags: Vancouver Housing, Condos and Townhouses, Strata Review, ALL POSTS

  PROTECT YOURSELF: STRATA WATER DEDUCTIBLE REVIEW REMINDER ...Read More

By: Cheryl Davie

BC NDP updates Speculation Tax

Tags: legislation, Vancouver real estate market, real estate taxes, property taxes, annual taxes, ALL POSTS

Updates to the BC NDP budget regarding the "Speculation tax" and how it might impact you. Communities affected by the revised Speculation tax. FLICKR.com   ...Read More