Category: Uncategorized

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!

Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…

Despite challenges, Vancouver's housing market shows resilience. Demand for semi-detached homes in Vancouver rises by 10%, fueled by increased sales activity and dwindling inventory.

Foreign investment in Greater Vancouver's Real Estate market is declining. The decrease in investment is affecting property transfer tax revenues.

Asking rent in Vancouver has more than doubled compared to Edmonton rates. Vancouver saw a decline in rent prices, with one-bedroom apartments at $2,653 and two-bedroom apartments at $3,541. Despite the decrease, Vancouver remains the most expensive city to rent in Canada, with Toronto following closely behind. Other BC cities also experienced drops in rent…

Early-Q1 2024 avg home price: $1,161,300 – Stress test rate: 7.71% – Mortgage rate: 5.71%

Reliance Properties plans to build a mixed condo-office tower at 902 Davie St. in Vancouver. The tower will include condos, retail space, and office space. The company believes there will be a shortage of new office space in the market in the coming years. Construction costs have increased due to the pandemic, but interest rate…

Leaseholders in a Vancouver building are facing a sudden increase in maintenance costs, causing panic among residents, especially seniors on fixed incomes. The private owner issued a $25,000 special assessment per unit, leading to financial strain. These leasehold arrangements lack oversight and fall outside existing legislation, affecting around 20 buildings and 4,000 residents. Residents are…

There was a significant increase in new home listings in Metro Vancouver in February 2024, with a 31% rise year-over-year. The total number of homes listed for sale also increased by 16.3% compared to the previous year. The benchmark price for all home types in the area saw a 4.5% year-over-year increase. Continue to full…