The information below shows how the current COVID-19 quarantine is affecting our Vancouver real estate market. As we entered March of 2020 the real estate market was very active with most areas transitioning from a Buyers market to a Sellers market. Prices were increasing in the affordability sectors and new listings in sought after locations […]
I have taken the March 2020 sales data from the Vancouver Real Estate Board and broken it down into two categories by date. The first category is the number of sales from March 1st to 17th. The second category is the number of sales from March 17th to March 31st. The data shows the initial […]
From a Balanced Market to a Sellers Market in less than 45 Days The first 14 days of 2020 in the Vancouver real state market started off on a positive note. Well priced listings in the affordable price ranges were selling within 14 days at close to asking. Lack of inventory and low interest rates […]
It’s your third weekend to head out and view 5 new listings that just hit the market on Thursday. There is one listing in the 5 that looks perfect in the photos but it’s your first time going to this particular building. Your real estate agent has told you the building looks good and he […]
There are a lot of moving parts when it comes to a multiple offer. In this article I will do my best to cover the important details. Multiple offers can happen in busy real estate markets and slow real estate markets. In my opinion this can take the fun out of purchasing a house and […]
Buyers Market or Sellers Market by Price Range The Vancouver real estate market increased in activity in July and August. There was an increase in the total number of monthly sales compared to the previous months of 2019 and compared to July and August of 2018. This has sparked a debate in the media questioning […]
The Vancouver Spring real estate market activity is increasing compared to the previous months of 2019. Buyers are sensitive to pricing but are quick to write offers on good well priced properties in sought after locations. I have witnessed more than a few multiple offers in the recent weeks. Buyers that are participating in multiple […]
Strata development was first implemented in British Columbia in 1966 and was named Strata Title Act. Today we know it as Strata Property Act. Prior to 1966 there was no strata title ownership and all apartment ownership was done through Co-Op, meaning Company Ownership. If you are searching for a condo today and you find […]
On a chosen day at the end of May I will attempt to paddle my OC 1 (outrigger canoe) 73 kilometers (45 miles) across the Georgia Strait from Nanoose Bay to Vancouver in 10 hours or less. The purpose of this challenge is to raise funds for Take A Hike Foundation. I believe that Take […]
Vancouver Real Estate Market Update April 12th 2019 We have each heard the story; I think there is more to it. The media is taking all price ranges and types of housing under one umbrella to analyze the data for the Vancouver real estate market. It works but it’s not accurate and it ultimately defaults […]
