Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages. March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. Home sales totaled 2,535 that is a 43% decrease compared to March 2022 and 28% below the 10-year March...
2023
There are many reasons why selling your current home before buying another one may be a good idea. But, once you’ve made that decision, you may still worry that you won’t find another home to buy after you sell. Fortunately, there’s plenty you can do to minimize that possibility. For example, if you sell first, you’ll know exactly how much you’ll be able to put towards a new home. Having...
It is advisable to do a thorough visual inspection of your home’s exterior, as well as any fences, sheds and other secondary buildings on your property, at least once or twice a year. Now, more than ever, extreme and unexpected weather events happen with greater severity and less predictable outcomes. So, it’s important to anticipate the ability of your property assets to withstand the...
When buyers view your property, they’re likely to visit each room and look around. Their imagination is turned on high. Often, within just a few moments in a space, they’ll form an impression — ideally, a positive one! So, how do you ensure each room shows well? Here’s what buyers want to see: 1. Space. Buyers will often mentally fit their furniture into a room when they see it. So, make sure...
New listing activity remains among the lowest in recent history and sales are struggling to hit typical levels for this point in the year. Home sales totaled 1,808 that is a 47% decrease compared to February 2022 and a 77% increase compared to January 2023. While we continue to expect home price trends to show year-over-year declines for a few more months, current data and market...
There’s no doubt about it. The more “move in” ready your property is, the more attractive it will be to buyers. There is always an advantage when buyers can imagine living in the home without having to make any major repairs or improvements — at least for the short term. But, does that mean you need to get every big issue dealt with before you sell? Not necessarily. Say, for example, your...
There are few certainties in this world, but there are surefire ways to sell your property faster regardless of market conditions. These strategies have been proven time and time again. So, if you’re thinking of selling this year, take a good look at these recommendations: Clean and tidy up. Making your home “guest ready” is the easiest way to ensure buyers are impressed during a...
Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. Home sales totaled 1,022 that is a 55% decrease compared to January 2022 and a 21% decrease compared to December 2022. Due to seasonality, market activity is quieter in January. With mortgage rates having risen so rapidly over the last year, we anticipated sales this month would be among...
Remember the last time you were in a furniture store or other major home retailer? Remember the fully decorated displays of furniture, appliances and other products? Some of those may have even been organized as model rooms. What did most of those displays have in common? Chances are, they were well lit. In fact, in the retail industry, there are professionals who specialize exclusively in display...
New countertops have always been a major contributor to kitchen makeovers, and the range of choices has never been greater. Beyond laminates and tile, or natural stone, wood and bamboo, some durable acrylics have become quite popular. But, there are also newer composite materials that offer advantages which might make them an ideal compromise between natural and synthetic countertops. Generically...