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So the numbers are out, so here's whats been happening in our home town of richmond bcSingle Family Homes: benchmark price of 2.15M, which represents a 2% decrease from the previous month. Days on the market went from 19 days in July to 23 in August.On top of that, sales went down from 59 in july to 43 in august.  As i said in last month's richmond report, the august numbers wont be pretty. ...

So, every year, I set up a night to take clients out to say thank you for their continuing support of a Family First approach to Real Estate, as well as helping with our business growth.  This year, we'll be heading to the PNE to see the sights and sounds of the fair, the amazing food and this year's feature presentation.   Over the years, we've seen sensations such as Boyz ii Men, TLC, Shag ...

So, the numbers are out, lets take a look at happened in our home town of richmond for the month of JulySingle Family Homes: -Benchmark price of 2.188,000, This represents a 9% jump from June. -As for amount of sales, am 18% decrease since last month.  **Don't expect this number to get any bigger for the month of august. This is our typical annual pause, which can pose an oppurtunity to pounc ...

Weekly Rate UpdateLower fixed rates may be coming soon, but how much lower? Bond yields are down again, after the latest Bank of Canada announcement.Keep in mind, if fixed rates drop by 0.10%, the monthly mortgage payment only goes down by about $7 for every $100,000 borrowed. Not a big difference! If placing a down payment of less than 20%, rates are in the high 4's  ...

Amendments to the Residential Tenancy Act and the Manufactured Home Park Tenancy Act Date: July 15, 2024 Distribution: Real Estate Licensees Advisory Number: 24-026   Purpose This Advisory informs real estate licensees of changes to the Residential Tenancy Act and the Manufactured Home Park Tenancy Act as a result of Bi ...

So, the numbers are out, so lets take a look at whats been happening in our home town of Richmond BC-For single family homes, we saw a benchmark price of 2.06M. That represents a decline of 10% since the May.-We also saw an amount of sales go down by 5% from the previous month.  -And we're also seeing turnaround times for sales increase from an average of 1 and a half weeks to 3 weeks.-Most p ...

Buying a home that does not complete for some time has some unique considerations. Who is the developer and what is their track record? When is closing? May I assign the unit prior to closing, either with or without penalty? What if there are deficiencies?  We have had a page on our website for a while now dealing with these and other such issues, but we now also have a video. Why read an a ...

So, the numbers just came out, so lets take a look at whats been happening in the month of May in our home town of RIchmond BC.For single family homes, the benchmark price reached 2.218M, which represents a 1.2+ increase from last year.   Last month, we saw an amount of inventory come onto the market more than buyers. For the month of may, same story!  With only a 12% selling ratio Most p ...

So, if you like Korean food, theres a complex called Hanin Village in Coquitlam and its got so much good food, whether you're looking just to eat at the market or looking for a sit down place, or even a coffee shop.   The kids wanted fried chicken, and we wanted noodles, so we decided on a place called Kangs Kitchen.  After looking at their instagram page we decided to go with a patron favor ...

So, in a couple of weeks, well be hosting Family Game Night once again!   Last time we held a huge client appreciation, it was in 2022 at the same venue.  Now, we're bringing it back for our clients enjoyment.   This place is pretty cool. Its one of Greater Vancouver's latest electric playgrounds, like a modernized Chuck E Cheez with more than 27,000 sq foot of gaming arena space.  It als ...