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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 ...

https://bixel1.net/v1/t/c/12e10376-520b-a6a7-dac4-944fedbb227d/gm%3A23822591-7bed-4853-bad2-ba85de83679f/Multiple%20Recipients/?https%3A%2F%2Fbbemaildelivery.com%2Fbbext%2F%3Fp%3Dvideo_land%26id%3D131d4ae7-16d3-4f63-a4c5-2fa2953f204f=Hope you're doing well.  Just to keep you up to date on what's happening here's what's been happening since the start of the year:-Interest rates have been holdi ...

Whenever I work with clients, i always bring up the word 'games.' Every single homeowner, and every single buyer has their own motivation to get in or out of the real estate game.  And everyone.. will be taking a different approach to achieve that.  However, you as a buyer and seller, you have your own game to play.  And the purpose isn't to get ahead of your competion, finish in record time ...

So in april, we were introduced to a new program called the FHSA or the "First Home Savings Account." Now, we have seen some other programs in the past that incentivized first time buyers and assisted them with their downpayments. However, they were accompanied with things such as: -catch 22s-registration of second mortgages-loans that needed to be paid back in certain time  framesetc.  ...