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News & Tips

It’s our privilege to be your trusted source of information on Vancouver’s real estate market updates so that you can stay current with the latest tips, trends, and stats. Feel free to contact us anytime with your questions.

BC Housing Market Update Dec 2015

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The British Columbia Real Estate Association (BCREA) reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 34.5 per cent from the same month last year. Total sales dollar volume was $5.38 billion, up 56.4 per cent compared to the previous year. The average MLS® […]

3 Advantages to Listing Your Home During the Holidays 

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If you have been considering selling your home, but were hesitant to do so because of the winter season, think again! Here are 3 advantages to listing your home for sale during the holidays: 1. Competing Against Less Inventory: the Vancouver housing market has experienced more demand than supply all year, which will become even […]

Top BC Grants & Rebates For Home Buyers and Owners

BC home grants & rebates

Currently there are 27 cost-saving programs, grants, rebates and other offers for BC home buyers and home owners. New to the list this year are the BC Seniors’ Home Renovation Tax Credit, rebates for Energy Star appliances and new BC Hydro Power Smart programs for businesses. Below are just a few to mention, or view the […]

Canadian Government Change to Minimum Down Payment on Insured Mortgages

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The Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an additional 10 per cent required on the portion […]

Vancouver Housing Market Update Dec 2015

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Housing demand remains strong despite diminishing supply Home sales reached near record levels in November even as home listings began the traditional year-end decline.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This represents a […]

The Best Public & Private High Schools on Vancouver’s Westside

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Vancouver Canada is consistently being recognized as one of the top cities in the world for livability and our award-winning professionals at YourHomeTeam are here to help make your move into or around this thriving city as perfect as possible. As a new homebuyer, you have a lot of things to consider: commute times, neighborhood […]

Vancouver Housing Market Update Nov 2015

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Metro Vancouver home buyers push October sales above long-term averages Home buyers remain active across Metro Vancouver despite a reduced supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a […]

Why Buyers Should Consider Backup Offers

Real estate backup offer

Most buyers overlook or dismiss the idea of real estate backup offers when shopping for their next Vancouver home, mainly because backups are widely misunderstood. While there are pros and cons to backup offers, they provide good opportunities for buyers in situations where there is more than one party interested in the same property. In […]

Vancouver Housing Market Update Oct 2015

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Metro Vancouver home buyers compete for fewer home listings Conditions continue to favour home sellers across *Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,345 on the Multiple Listing Service® (MLS®) in September 2015. This represents a 14.5 per cent increase compared […]

My Mortgage Penalty is How Much?!

Vancouver mortgage penalty

There is nothing new about mortgage penalties; however, the size of penalties these days is catching many people off guard, especially in the Vancouver real estate market where housing prices (and their mortgages) are higher than the rest of the country so these penalties are even more amplified. A mortgage penalty is triggered when a […]

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