Vancouver Real Estate Blog
The exception to stability came in the luxury home market, which saw some gains over last year. This is a vote of confidence for the market as a whole.
While this calm is less exciting for headline writers and economists, it's a great chance for buyers and sellers -- and those considering either option -- to take a breath and plan their next step. Now is the time to review your own financial situation and goals, and to approach the previously irrational real estate market logically, calmly, and with your homework done.
The good news is that this market stability actually benefits everyone.
With fewer Vancouver condos and houses being added to the Multiple Listing Service (MLS), sellers will see their properties getting more exposure with less competition. The...
If you’ve been following the real estate headlines lately, you may feel as though you’re still riding on the wooden roller coaster at the PNE, with a blindfold on and no idea of what lies ahead.
Everyone has an opinion about where the housing market’s headed, and every day there’s a new report warning of dangers or trumpeting opportunities.
Even experts who spend every waking hour reading the tea leaves still get it wrong. For example, people who have been trying to time the “bottom” of the market got reminded of the costs of not acting when the Bank of Canada raised interest rates this week.
This volatility has left a lot of people confused and stressed. So I like to remind my clients of something that’s easy to forget…
You aren’t in the housing market: You are in the market for a home.
There’s a big difference. Especially on the West Coast, where we’ve become accustomed to stellar gains in house prices, it’s easy to forget that the fundamentals still apply.
Focus on finding...