This stunning Vancouver home, designed by legendary architect Arthur Erickson, can't seem to find a buyer despite several price cuts. Originally listed at $16.8M in 2018, it’s now down to $7.98M—but still no bites! Full article...
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Despite rising home prices and financial hurdles, 84% of Canadians aged 18-38 believe owning a home is a valuable investment. Many are willing to make sacrifices, from saving diligently to cutting discretionary spending, to achieve their goal. These young homebuyers remain optimistic, with 75% prioritizing home ownership in their lifetime. Full article...
BC is tackling the housing crisis head-on with new rental homes in Langley and Burnaby—helping everyday heroes like teachers and nurses stay in the communities they love. Affordable, sustainable, and built for the future. Affordable, sustainable, and built for the future. Let’s build a future where home is within reach for everyone! #BCBuilds #AffordableHousing #HousingForAll #CommunityFirst...
The Bank of Canada has cut its overnight lending rate from 4.5% to 4.25%, marking the third rate cut this year. This move aims to manage inflation, which has slowed to 2.5%. The rate cut makes borrowing cheaper for Canadians, benefiting homeowners with variable rate mortgages. TD Economics predicts further rate cuts, potentially lowering the rate to 2.50% by the end of 2025. For more details, you can read...
When you put your property up for sale, you want to ensure that potential buyers get all the information they need on the features of your home and its surrounding area. For example, if a buyer doesn’t realize a great school is just around the corner, they might just walk away. An effective way to make sure something like that doesn’t happen is to create these three lists: #1: The “bittersweet...
When you suffer damage to (or the loss of) your home or its contents, you expect your insurance company to come to the rescue, and most do. Still, it’s a good idea to review your policy with your insurance advisor and find out what’s covered and what isn’t. For example, if you have a flood in your laundry room, you don’t want to discover then that the damage is not covered. Some events...
Metro Vancouver home sales remained below seasonal and historical averages in June. Inventory has continued to accumulate to levels last seen in the spring of 2019. Home sales totaled 2,418 that is a 19% decrease compared to June 2023 and 24% below the 10-year seasonal average. If you are looking to buy, sell or have questions about real estate, please give me a call.Victor Song PREC*Royal LePage...
Unfortunately, air quality alerts are becoming a more common occurrence these days. Aside from that, there are many reasons why the air quality in your home may not be at its best. Maybe it’s a faulty furnace or an aged carpet to blame. Until you get those issues addressed, how can you make your indoor air healthier – today? Here are some ideas:Use an air purifier – Choose a device that uses a HEPA...
Until recently, even the latest home security system could become obsolete overnight. Nowadays, newer whole-home integration systems are much more compatible with interchangeable parts and innovative add-ons. As a result, it’s now possible to have a multi-faceted security system that watches over many of the functions and activities in and around your home. For example, you can organize and control your...
If you’ve ever been on a cruise ship, you know that rough waters can result in a miserable experience. Even on modern ships equipped with stabilizers, choppy seas and bad weather can leave you stuck below deck – and possibly seasick. In fact, the expression “smooth sailing” comes from a desire for calm waters. When you sell your property, you’ll want smooth sailing too. You’ll want the...