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November home sales outpace seasonal norms and long-term averages

December 2nd, 2020
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November home sales outpace seasonal norms and long-term averages

 

Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. 

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sal ...

Home sale and listing resurgence extends into the fall Home sale and new listing activity remained at near record levels across Metro Vancouver in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in t

November 3rd, 2020

Home sale and listing resurgence extends into the fall

 

Home sale and new listing activity remained at near record levels across Metro Vancouver in October.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in October 2019, and a 1.2 per cent increase ...

BC NDP Announces Rent Increase Freeze

October 13th, 2020
Government Update - BC NDP Announces Rent Increase Freeze
 
As many of you have heard, the BC NDP have indicated in their election platform that they will extend the rent increase freeze that had been implemented during the COVID-19 period. In September 2020, they announced that the rent increase freeze implemented during the COVID-19 period would end December 1, 2020. If the BC NDP are re-elec ...

Metro Vancouver home sales and listings surge in September

October 2nd, 2020

Metro Vancouver home sales and listings surge in September

 

Home sale and new listing activity reached record levels in Metro Vancouver in September.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase ...

So you want to rent out your basement? Make sure it’s legal to avoid losing out.

September 30th, 2020

A recent article from Burnaby Now (click here to read the article) highlights the problems home owners and landlords face if they try to skirt the law and rent out secondary suites, such as basement suites, without the proper approvals and permits.

Yes, there are many people out there renting suites that are not legal. That doesn’t mean you should be one of them. You will have to suffer the ...

Commercial real estate sales decline in the second quarter

September 28th, 2020

Commercial real estate sales decline in the second quarter

 

As the COVID 19 pandemic intensified in the second quarter of 2020 (Q2), the Lower Mainland’s commercial real estate market experienced fewer sales while dollar values fluctuated depending on property type.

 

Commercial real estate sales totalled 324 in the Lower Mainland in Q2 2020, a 26.5 per cent decline from the 441 sales in ...

Home sale and listing activity continues to increase in August

September 2nd, 2020

Home sale and listing activity continues to increase in August

 

Home buyers and sellers remained active across Metro Vancouver in August, with home sale and new listing activity outpacing the region’s historical averages.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the ...

Proactive Maintenance to Reduce Insurance Costs

September 1st, 2020
In 2019 property owners were caught off guard when insurance premiums and deductibles sky-rocketed. The most severely affected were the strata lot owners in large complexes who were suddenly faced with the prospect of increased strata fees to pay for premiums which had doubled or tripled since the previous year and a deductible in the hundreds of thousands of dollars range. Homeowner insuranc ...

Communicating with Tenants about the Rent Repayment Plan

August 25th, 2020

COVID-19 has made life difficult for both landlords and tenants. Tenants have struggled to pay rent, landlords have been left out of pocket with bills to pay, and anyone with a vacant unit to rent will have noticed how slow the market has become. People are unwilling to make a change in these uncertain times.

Now that the state of emergency for COVID-19 has ended, landlords can issue a repay ...

Metro Vancouver housing market sees steady summer activity

August 5th, 2020

Metro Vancouver housing market sees steady summer activity

 

Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 28 per cent increase from the 2,443 ...

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