My Blog - News, Updates and Statistics 

Nate's Mortgage Update - January 2014

(January 31, 2014, posted in Real Estate Resources)

I'd like to share a mortgage rates update from Nate McAvoy, Mortgage Broker with Dominion Lending Centres. If you are a first time buyer or are considering refinancing, here is a concise update on the current mortgage rate situation.

As we head towards the spring market, mortgage rates continue to be a major question for those looking to buy a home. Concerns about rising rates linger and there appe... read more.

BCREA 2014 Q1 Housing Forecast

(January 30, 2014, posted in BCREA Monthly Update)

Housing Forecast / Real EstateHOUSING DEMAND TO TREND HIGHER

Multiple Listing Service® (MLS®) residential sales in British Columbia are forecast to increase 4.8 per cent to 76,450 units this year, after increasing 7.8 per cent to 72,936 units in 2013. Housing demand in the province has now almost fully recovered from the downturn recorded in 2012. However, the spillover effect of a sluggish provincial economy and stalled employ... read more.

Depreciation reports now required for most stratas

(January 28, 2014, posted in Real Estate Resources)

Strata Properties VancouverStrata corporations with five or more units must now provide the most recent depreciation report as part of the new Information Certificate (Form B).

Strata corporations of four or fewer strata lots are not required to provide a depreciation report. A strata corporation can exempt itself from the obligation to obtain a depreciation report by passing a resolution with a 3/4 majority vote at an annua... read more.

When is it time to have a Real Estate Checkup?

(January 28, 2014, posted in Real Estate Resources)

Real Estate Check-upMany people only see a doctor when they're sick or have some other health concern. On the other hand, some people visit a doctor regularly for checkups, to ask questions and get advice, and to maintain good health.

Which do you think is the better approach? Obviously, the second one! 

The same thing is true when it comes to real estate. Even if you have no current plans to buy or sell a home, there a... read more.

BC Home Sales Bounce Back in 2013

(January 14, 2014, posted in BCREA Monthly Update)

Vancouver Real Estate, Prompton, Tim WrayThe British Columbia Real Estate Association (BCREA) reports that a total of 72,936 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during 2013, up 7.8 per cent from 2012. The five-year average is 75,400 units, while the ten-year average is 84,800 units. Total sales dollar volume was $39.2 billion, an increase of 12.6 per cent compared to 2012. The average annual MLS®... read more.

Housing Market Update for December 2013 (Video)

(January 14, 2014, posted in REBGV Market Update Videos)

How does this latest information effect your plans to buy or sell your property? The key to a successful real estate experience is knowing and understanding the detail behind the headlines for your city, neighbourhood, street and property type.

Please call or email me with any questions that you may have after watching this video. I'd be happy to help you plan your next steps.

My business grows by b... read more.

Metro Vancouver housing market characterized by modest home sale and price increases in 2013

(January 07, 2014)

The Greater Vancouver housing market maintained a consistent balance between demand and supply throughout 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.

“Home s... read more.



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