News & Tips

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 […]

Competition continues to drive Metro Vancouver’s housing market Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver […]

Summer heat doesn’t slow home buyer activity Metro Vancouver home sales were more than a third above the 10-year average in July, while the number of homes listed for sale continues to trend below recent years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver* reached 3,978 on […]

When investing in real estate, the basics are still true – location, location, location. You can change the look and feel of a real estate investment property, but you can’t change the location…and waterfront is the best location of all. Another thing we’ve learned through our years of experience in real estate is that it’s […]

Bank of Canada Interest Rate Announcement – July 15, 2015 The Bank of Canada announced this morning that it is lowering its target for the overnight rate by 0.25 percentage points to 0.5 per cent. In the press release accompanying the decision, the Bank emphasized that while this additional stimulus is required to help return […]

BC Home Sales Post Second Strongest June on Record Vancouver, BC – July 14, 2015 – The British Columbia Real Estate Association (BCREA) reports that a total of 11,294 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 25.6 per cent from the same month last year. Total sales dollar […]

Metro Vancouver home sales set record pace in June Last month was the highest selling June, and the second highest overall monthly total, on record for the Real Estate Board of Greater Vancouver (REBGV). The REBGV reports that residential property sales in Metro Vancouver* reached 4,375 on the Multiple Listing Service® (MLS®) in June 2015. […]

We were privileged to interview master builder, Sherman Peng of URBANSCAPE PROJECT LTD, who shared his insights and walked us through a recent coach house project on the Vancouver Westside. This brief video shows how he converts a garage into a 1 bedroom and den, 700 SF, 2 level coach house on a 33 ft […]

Recent news stories have focused on the foreign buyer segment of the market, concluding that foreign investors are unduly inflating home values and driving potential domestic buyers out of the housing market, especially those looking to purchase their first home. However, there are data and analyses from a number of sources that point to foreign investment […]

A shockwave went through the real estate industry last week when Zoocasa suddenly announced that it’s going out of business, ending its popular real estate referral program for its customers, including Vancouver home seller and buyers. See Zoocasa’s shutdown notice at www.zoocasa.com. Zoocasa was launched by Rogers Communications as a real estate referral service that […]