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Strong sales push Metro Vancouver home prices past July rate hike   Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,455 in July 2023, a 28.9 per cent ...

So earlier, we talked about pre-inspections, and they meant to a buyer.  But if youre selling your home, does this mean a pre-inspection is a waste of money.  Not necessarily. If youre a homeowner that doesn't have the best attention to detail of your own, and theres nothing wrong with that, you may want to hire an inspector to inspect the property before the property hits the market, a ...

So we looked properties with a client this weekend, and we saw a new home for sale and the realtor said the property has already been inspected.  I responded....great!   My client was wondering, if we put an offer on this property, does that mean we can skip the inspection and I said NO!  Well, if its been inspected, then why do we have to do another inspection? And the principle is ...

So this is some recent news thats been making waves in the vancouver real estate market.  The Modus development on the west side of Vancouver is a townhouse development in the midst of being built.  These were marketed and sold in 2021 as concrete townhomes.   In the last month, the developer sent a letter to all its purchasers saying that the developement will be a wood frame building.  ...

Home prices continue to rise in housing market to kick off summer   Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home ...

This is the Gardenia building in East Vancouver.  If youre looking to buy an affordable condo in vancouver, you may bump into this property in particular. People ask 'oh why is this such a good price?' So, lets talk about that shall we.  In an earlier video, i mentioned that  special levies are inevitable.So lets talk about a few different examples.  3451 Springfield.  This is 3451 Sp ...

So here is how a single item in a house can tell you more about the house you're aboutt to buy.  A lot of times, buyers ask how old the hot water tank is.  They ask because they want to know how long it will be before they have to replace it. However, there is a lot more a hot water tank can tell you about the rest of the house.   So, before i go on, this isn't science, or professional ...

So when we take buyers out, we get a common question "Are there any upcoming special levies"  However, the reason why people ask this is to avoid any kind of future expenditures. I get it, nobody ever wants to pay for a special levy, even though they haven't owned the property for long. However, special levies do serve a purpose.   I do find this the wrong question to ask, however it is im ...

So, heres a quick tip when it comes to reading strata documents. When you receive your strata document package, you'll be sifting through hundreds of pages of documents from depreciation reports, engineers reports which can easily be more than 100 pages each. So, where do you start?  I  recommend reading the minutes from the Special General Meeting (SGM) because.....well there may not be a ...

Competition heats up among buyers as summer arrives   While the year started slower than usual, Metro Vancouver’s1 housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per ce ...