So, the stats are out for the month of October, so lets take a look at whats been happening in our hometown of Richmond,BC For single Family Homes, a selling ratio of 12%.  This is the first balanced market month in about 5 months.  The most popular area for sales is a neighbourhood i havent seen before....the Quilchena area with a 31% selling ratio!  If you're looking to buy, you migh ...

Metro Vancouver housing market holds steady in October   An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver1, but sales remain below long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded i ...

Here are some nuggets from our hometown of Richmond, BC for the month of September In september, we saw a 22% difference in the amount of sales vs. August. Usually in the last few weeks of August, we see a significant decrease of activity.And, its no surpirse that right after labour day, about 3 weeks worth of activity occurs the week after laybour day.  The most active market for single fa ...

As inventory increases, price gains relent to begin the fall season   The month-over-month price gains seen earlier this year abated in the Metro Vancouver1 housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region total ...

So, this is a photo from a virtually staged property of a home that we saw last weekend.  And to tell you the truth, im not too fond of vrtually staged photos....well, at least since this week.Virtually staged photos are fake! They're misleading! And maybe there should be some advertising standard when it comes to photos used in real estate.  So, what happened was that i showed this listing ...

So....this is a a real situation that happened with a client last week!   We saw a beautiful home....wrote an offer in multiples, and we retracted our interest.  What we found out that this beautiful home that we loved was renovated without permits.  So heres a copy and paste of an article to help understand risks of buying a property without permits done If you have been looking fo ...

So, lesson learned!  Here's a tip if you're looking to buy or sell a tenanted property: Try to keep a few days seperation between the time frame of when the tenant moves out and possession date.  And its not a tip that solely focuses on tenants, it just there is one extra step that seperates an owner occupied property and a tenanted, and thats the final walk through that  concludes the r ...

Seasonal slowdown brings price stability to Metro Vancouver   As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 i ...

https://www.cbc.ca/news/canada/british-columbia/bc-family-evicted-1.6947614 So here's a story of a family that got evicted wrongfully and was awarded 27K as per the residential tenancy act. Now, usually when we see this headline, its usually because of some sort of unethical action to have the tenants removed.  However, this wasn't the case.  The property the family lived in was a townho ...

I just finished uploading this House/Single Family for sale, 11131 KINGSBRIDGE DRIVE, Richmond, BC The Ironwood area is a spectacular family neighborhood with easy access to the highway, main roads, shopping, parks, entertainment and more! This 4 bedroom home is a perfect starter home located within a quiet neighbourhood walking distance to Kingswood Elementary. Updated laminate floors, pain ...