BC Home Sales to Exceed 100,000 Units for Third Consecutive Year
Posted on Jun 19, 2017 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) released its 2017 Second Quarter Housing Forecast today.Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 101,000 units this year, after reaching a record 112,209 units in 2016. Housing demand gained strength this spring, as some of the effe...
Housing Supply Not Keeping Pace with Demand in Most BC Regions
Posted on Jun 13, 2017 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 12,402 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, down 7.9 per cent from the same period last year. Total sales dollar volume was $9.33 billion, down 4.0 per cent from May 2017. The average MLS® residential price in the province wa...
Housing Market Update for May 2017 (Video)
Posted on Jun 12, 2017 in Market Insights Videos
How does this latest information affect 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 he...
Please call or email me with any questions that you may have after watching this video. I'd be happy to he...
SnapStats Market Update Video - May 2017
Posted on Jun 09, 2017 in SnapStats Videos
My business grows by building strong client-focused relationships. I would welcome the opportunity to answer any questions about the real estate market that you may have.
If you would like to find out how much your home is worth in today's market, to discuss listing your home or buying a new home, please contact me on (604) 781-5692 or via email - t...
Market activity picks up in May
Posted on Jun 02, 2017 in Vancouver Update
Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared to April 2017 when 3,553 homes sold.
Last month’s sales wer...
Real Estate 101: Mortgage Information & Glossary
Posted on Jun 01, 2017 in Buying Your Home
Basic Definitions
Mortgage
A long-term loan primarily for the purpose of buying a home. A mortgage is a legal agreement in which the borrower pledges the property being purchased as security for the loan.
Principal
The amount of the loan - the cash you actually borrow.
Term
The number of months or years the mortgage covers. Normally, it will be anywhere...