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 ...

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   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   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 ...

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 ...

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   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 ...

Steady increases in home sale and listing activity continue in June   Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 ...

Home prices remain steady, buyers and sellers become more comfortable operating in today’s market   Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March.   The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in ...

Home sales and listings down amid COVID-19, new tools and practices emerge to help buyers and sellers adapt   While Metro Vancouver home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way.     The Real Estate Board of Greater Vancouver (REBGV) ...