Real Estate Board of Greater Vancouver - News ReleaseMay market offers buyers greater selection   VANCOUVER, B.C. – June 4, 2010 – The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver tota ...

Real Estate Board of Greater Vancouver - News ReleaseHome buyer and seller activity increases in busy spring market VANCOUVER, B.C. – May 4, 2010 –The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales ...

What to do when the market is doing THIS!Well something is definitely going on in the market-of course it is to be expected given that the interest rates went up 3 times in almost the same number of weeks.  That coupled with prices that in many areas are now at, or above, the previous peak AND the unprecedented lengthy market upswing (excluding the short downswing for 6 months in 2008) and ma ...

Timely Update Answering Questions Many Have Been Asking!I just responded to a client email on some of the issues covered in the update (see below) earlier today. The one thing I would add to the update is that the market is also likely to get increasingly better for buyers for the next while BUT you might not want to wait for the bottom. When the market went down in 2008, I tried to encourage ...

April 2010 Market Update Why Now's a Good Time If you're considering buying a home, now may be a better time than in several months. That's because, right now, three key factors are working in the buyer's favour: the HST, interest rates, and product selection. HST: The HST, which comes into effect on July 1, won't have a dramatic effect on the real estate market as a whole; however, th ...

REBGV Stats Home listings rise to start the spring season A steady influx of new listings has helped create a balanced ‘typical spring’ housing market in the Greater Vancouver region. The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent incre ...

What's up with Real Estate and the Competition Bureau?Many people have asked me lately about the issue in the press regarding the Competition Bureau taking on the Real Estate Association.  I have many of my own opinions on this but as far as the real issues go, a recent Macdonald Realty press release provides a good summary:Competition Bureau Won’t Lower BC Commissions Vancouver, BC March 23, ...

New Technology applied to Real EstateOkay it isn't new technology so much as a new application in BC-we are now set up so that people driving by our listings can text to a number on our sign and get all the details, pics, etc sent to their phone. It should be great as we get a ton of people calling while sitting outside homes wanting to view as much info as possible.  Apparently only a few re ...

January Stats show continued insanity!The market continues to be insane! Over the past month all but two of our new listings have had multiple offers the first weekend and have sold SIGNIFICANTLY over asking.  The interest rates remain low as does supply of homes for sale-that coupled with the fear of interest rate increases in the near future is keeping things very busy.  It is a good time f ...

Homes for Haiti: Triple your money!Many of you likely know that the federal government will match any donation you make to the listed charities (see CBC.ca for a list) to support relief efforts in Haiti, up to $50 million dollars.  So you can essentially DOUBLE your donation as long as you donate before February 12, 2010.   We would like to give you the opportunity to TRIPLE your donation.    ...