News & Tips

2016 Year End Housing Market Update: A heated year for Metro Vancouver real estate draws to a close The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per […]

Eighty percent of real estate home buyers start their home search online, so your home’s “internet appeal” or how good your home looks in online photos is taking over as the top way to make a good first impression. The Internet has become an irreplaceable tool for selling homes in Vancouver and across the world. […]

Home sales and listings just below 10-year average Home buyer and seller activity remains near  historical averages in the Metro Vancouver* housing market. Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent  from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent […]

You may or may not have heard about recent tax changes regarding the principal residence exemption available on the sale of a taxpayer’s principal residence (residents of Canada only.) The recent changes are significant and I would consider them to be a TAX TRAP because the new rules now require positive action by the taxpayer […]

Home sale and listing activity dip below historical averages in October Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*. Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent […]

BUYERS MARKETS conditions for DETACHED properties in the following areas were identified last month: Westside, Eastside, West Vancouver, Richmond, Tsawwassen, Ladner, Burnaby and Port Moody.   ATTACHED properties (condos/townhomes) in Greater and Metro Vancouver remain in BALANCED to SELLERS MARKET conditions.   Request your complimentary copy of the latest SnapStats report by emailing:  info@yourhometeam.com  

Home Buyers and Sellers Face Changing Market Dynamics Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014. Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded […]

To sell a home in Vancouver can seem like a daunting task, but it doesn’t have to be.  Your HomeTeam, your Vancouver Realtor, has been in the Vancouver Real Estate business for years, and by now we are very familiar with how to best stage your house for potential buyers.  The list of Vancouver home […]

The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured homebuyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. The qualifying rate is updated weekly and […]

Highlights: • Mortgage rates may feel upward pressure in coming months • Canadian economy set for a second half rebound • Bank of Canada: lower for longer, but not forever Mortgage Rate Outlook The Canadian five-year qualifying mortgage rate briefly moved higher in the third quarter, rising by ten basis points to 4.74 per cent […]