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September 2023

August 2023 Market Update

  As summer comes 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.   Home sales totaled 2,296 that is a 21% increase compared to August 2022 and 14% below the 10-year seasonal average.   If you are looking to buy, sell or have questions about real...

The Role of Carrying Costs when Buying a New Home

When searching for a new home, many buyers will focus only on the list price and what they may need to offer to get the property. For example, a buyer might think, “We can get this house for $XX. That’s within our price range!” Of course, the selling price plays the pivotal role in whether or not you can afford a particular home. But, carrying costs should also be considered.Carrying costs include...

Checklist for Selling your Home this Fall

If you’re thinking of selling this fall, this is the ideal time to start the process. The earlier you get ready, the more successful your sale will be. It will likely go a lot smoother, too. So, with those benefits in mind, here is a quick checklist that will guide you in preparing to list this fall:• Financials. Find out how much your home will likely sell for in the current market. That...

Getting Family Members Enthusiastic about Moving

You may be excited about selling, but do your other family members share your enthusiasm? Kids can often be hesitant about, or even resistant to moving. That can make the selling process more stressful. The good news is, there are ways to get everyone in the family keen on the idea. One effective technique is to get everyone involved in the planning process, especially kids. Seek their input. Keep them...