2023 Home Sales Decline Below Long-Term Averages and Inventory Remains Low in Metro Vancouver The Metro Vancouver Real Estate Market experienced a slowdown in January 2023. Home sales have dipped well below monthly historical averages and inventory remaining low. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in the region…

Why Hiring A Vancouver Realtor Is Important In A Virtual Market As we enter 2023, it is clear that technology has had a significant impact on the way Real Estate transactions are conducted. The advent of online marketplaces such as Zillow and Redfin has led many buyers and sellers in Vancouver to believe that they…

The History of Vancouver's Housing Market Vancouver's housing market has a long and varied history. There have been ups and downs influenced by a range of economic, social, and political factors. Here is a brief overview of the key events and trends in Vancouver's housing market history: Vancouver's housing market was characterized by a rapid…

New Federal Legislation Prohibiting the Purchase of Residential Property by Non-Canadians Starting January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act will come into force. The Act prohibits any individuals who are not Canadian Citizens or permanent residents of Canada from purchasing residential property for two years. This act also applies…

November Market Update While November is a typically quieter month for market activity, this year's home sale and listing totals lagged below the region's long-term averages. Let's take a closer look. Realtors registered over 1600 home sales on the MLS in November. This is a 53% decrease from this time last year and is 37%…

BC Refining Strata Rental and Age Prohibitions BC’s government proposed new legislation Monday to handle the housing crisis under Premier David Eby. One of the notable new rules is a prohibition on strata rules against rental restrictions. Their take on this is to bring over 300,000 units into the rental market that were originally unable…

BC Housing And The Expected Market Change In 2023                  According to the most recent data from the BCREA (British Columbia Real Estate Association), MLS residential sales in BC are forecast to decline 34.4 percent from a record high in 2021 to 82,345 units this year. In 2023,…

Whether you’ve found the home of your dreams or a career in another city, you’ve decided to sell your home. The sale of every home is different; even when the market conditions are right, the perfect time to sell varies from house to house.  It’s an age-old question: Should you sell your home in BC…

It’s common for sellers and buyers to negotiate the asking price when it comes to home selling/buying. Why? Because as a buyer, you’ll want the most you can get, and as a buyer, you’re going to want to get the best price possible and not overpay a ridiculous amount for your future home. Negotiating the…

Heat Pumps.   Two words you often hear in the housing industry that usually fly over your head. What exactly is a heat pump and how does it work? Today is the day you will finally understand what one is and how they can raise the resale value of your home significantly.     What…