Are We Building Too Much Housing? In response to strong demand and falling inventory of new homes, builders had 34,020 housing units under construction in August in Metro Vancouver. But in spite of the construction sites we see on just about every major route in Vancouver, CMHC reports that there is no evidence of overbuilding, […]
Read MoreArchives for 2016
Record Sales in 2016
Well wasn’t that an interesting year! We set records for number of sales. We set records for highest prices. And just when it looked like the market had hit its peak, the government surprised everybody with the 15% Foreign Buyers’ Tax (which had an impact much wider than merely on foreign buyers). Then the banks […]
Read MoreConsiderations for an Unusual Market
What is going on with real estate right now? Recent rule changes to tax foreign buyers and tighten mortgage lending have introduced some uncertainty to our market – and as always, Buyers don’t like uncertainty. The result is that many Buyers are holding off on making a move. Things for SELLERS to Consider: In a […]
Read MoreHow Secure is Your Land Title?
If you’ve ever bought or sold a home in Canada, you’re probably aware that title to your property provides legal proof that you are the owner and lists any current encumbrances, such as mortgages, easements and liens. In other words, it tells sellers exactly what they have and buyers exactly what they are getting. BC […]
Read MoreSales of Detached Houses Shift
The sales graph for the month of August confirms we are seeing a shift in the detached house sales in the Greater Vancouver residential real estate market. The graph shows that the number of sales of detached houses has been trending steadily lower from the most recent peak in March. The portion of the graph […]
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