Blog

Understanding the buyer thought process

October 30th, 2024
So, if you're lookin to list your property and have a certain price in mind (which may be above market value), the one thing you need to understand is the buyer's thought process.Now, even though our ultimate goal is to sell the property, our short term goal is to bring people into the property to show.  However, a buyer's decision to see a properrty goes through a thought process before dec ...

Federal program for adding rental suites

October 15th, 2024
The federal government has just unveiled a new mortgage refinancing program to help homeowners build additional living spaces, such as basement apartments or converted garages.Starting in January 2025, this insured refinancing option will make it easier to create rental units and, in turn, help homeowners manage rising mortgage costs. A similar program was available until 2016 but was phased ...

REBGV Market Stats - September 2024

October 10th, 2024
  Buyers remain cautious to begin the fall market Home sales registered on the MLS® in Metro Vancouver1 declined 3.8 per cent year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far. Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,852 in September 2024, a 3.8 per ...

September 2024

October 7th, 2024
So, the numbers are out, so lets take a look at whats been happening in our home town of Richmond BC for the month of September For single family homes, we saw an increase of sales of 15% from the previous month.   On top of that we also saw a much better average days on the market.  In August, it was an average of of 23 days on the market, for september it was 2 weeks.That range from 1.5 ...

Richmond Report- September 20

October 7th, 2024
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