With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down. Home sales totaled 2,741 that is a 17% decrease compared to April 2022 and 16% below the 10-year seasonal average. If you...
Real Estate
Whether you have a large backyard or a modest balcony, gardening is fast becoming one of the most popular pastimes across the land. Homeowners have become more focused on their property’s appearance and productivity, while also recognizing how gardening can contribute to a healthy lifestyle. Whether you are interested in nurturing beautiful blooms and bushes, or cultivating home-grown herbs and...
Let’s face it. When you visit a home during a scheduled viewing or open house, you’re usually seeing it at its best. The rooms are tidy. The sinks are clean. The closets are organized and uncluttered. Even the lighting is set to its brightest. That’s just good old-fashioned marketing. However, not every house you see will actually look this way. For any number of reasons, a house on the market may...
When you decide to put your house up for sale, we will start by working together to determine the market value of your property. That’s important to know because if you price your home too much above its market value, you probably won’t get any offers. Alternatively, if you price your property too low, it might get snapped up quickly, but you’ll have left a lot of money on the table. So how do we...
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...
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...