Tag Archives: Vancouver

Market Update – May 2019

The real estate market in Vancouver continues to chug along at a consistent moderate pace with the odd spits and spats of activity.

Through our 38+ Point Marketing Plan, we have been successful in generating a high turnout and multiple offers on most of our listings resulting in well above market sales. The attached product is very active now with 1, 2, and 3 bedroom condos, townhomes, and half duplexes making up the vast majority of sales in our current market.

Our upgrade buyers are sitting pretty as they are in a super strong position selling their hotter entry to mid-level product and upgrading into the higher end detached product (houses) which is relatively quiet. Listing agents are rolling out the red carpet and making us lattes when we show their listings. It’s easy to setup tours, they are friendly, and accommodating and are hoping we choose their home to offer on. What a great market to buy a house in (see recent House article).

Our biggest challenge today is not necessarily the low activity stats, the numerous government tax programs, or the difficult loan qualification process (although these are not helping) but rather that the consumer confidence is down. Most buyers are playing the waiting game. If everyone waits, nothing happens. The market stays soft and prices flatline. . . . . It’s the perfect time to buy!

Once that big announcement in the media comes through that our market is recovering, prices are already well on their way up and those waiting buyers have missed the bottom end of the market cycle. At that point buyers begin climbing over each other to buy and prices climb faster than anyone anticipates.

So, if you are planning to make an upgrade, there is no better time than right now. Don’t miss this window as it will not last.

Best Options:
1. Do an equity take out on your current home and invest in an entry level detached house in East Vancouver.
2. Sell your condo/townhouse/duplex and buy your first house in the smallest marginal upgrade market cost we have seen in years.
3. Purchase with a friend or family member with a 3-5 year plan to cash out when the market decompresses and potentially earn 50 times more than what you are earning now in your investments.
4. Etc. etc.

Real Estate Forecasts Predict Strong Vancouver Market Through Next Year

vancouver

Housing sales and prices in Vancouver have been experiencing a boom in the past year or so, and this performance is being forecasted to continue well through 2015. The annual “Emerging Real Estate Trends” report, conducted by both the Urban Land Institute and PricewaterhouseCoopers, shows evidence that the strong market performance will remain unabated.
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How to Buy a Dining Table for Your Home

Dress up your Vancouver real estate with a new dining table.

Picking out furniture for your home requires careful study and planning. Especially if you plan to use the furniture piece for a long period of time. If you are planning on buying a table that will last many years, it is best that you make a wise decision for furnishing your Vancouver Westside real estate. This way, you won’t have to worry about replacing your furniture for several years.

When it comes to buying a dining table, the same notion should be observed. Remember that when you’re buying a dining table, it needs to serve the purpose it was intended for. It should be big enough to accommodate your household and still do its job of being a remarkable piece for your home.

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