News & Tips

The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured homebuyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. The qualifying rate is updated weekly and […]

Highlights: • Mortgage rates may feel upward pressure in coming months • Canadian economy set for a second half rebound • Bank of Canada: lower for longer, but not forever Mortgage Rate Outlook The Canadian five-year qualifying mortgage rate briefly moved higher in the third quarter, rising by ten basis points to 4.74 per cent […]

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales Vancouver, BC – September 13, 2016 – For the complete news release, including detailed statistics, click here. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the […]

Majority of Detached home markets across Metro/Greater Vancouver moved into Buyers & Balanced Market conditions in August. Attached (ie. Condos / Townhomes) mostly remain in Sellers Market. Email info@YourHomeTeam.com for your free SnapStats analytics report.    

Metro Vancouver home sales return to typical August levels VANCOUVER, BC – September 2, 2016 – For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace seen earlier this year and returned to more typical levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property […]

There are regularly houses for sale in Vancouver, and some sell quicker than others.  Oftentimes this isn’t because one house is particularly better than another but, rather, that the homeowners have put in a little extra effort to make their house more sellable.  Giving your home a new paint job is one cheap and easy […]

Record BC Home Sale Forecast Despite Vancouver Slowdown Vancouver, BC – August 25, 2016. The British Columbia Real Estate Association (BCREA) released its 2016 Third Quarter Housing Forecast Update today. View the full BCREA Housing Forecast, click here. Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 10.4 per cent to […]

The British Columbia Real Estate Association (BCREA) reports that 9,900 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, down 3.4 per cent from the same month last year. Total sales dollar volume was $6.57 billion in July, up 5.4 per cent compared to the previous year. The average MLS® residential […]

Home sales move off of record-breaking pace in July Metro Vancouver* homes sales resembled more typical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,226 in July 2016, a decrease of 18.9 per cent from the 3,978 sales recorded in July 2015 and […]

WHAT HAPPENS NEXT TO HOME PRICES?   Since 1981, prices have posted monthly year-over-year increases of 20% or more 46 times. An acceleration in prices is generally followed by a reversion of growth back to its long-run average within 12 months. In a number of periods, price growth has turned negative within 24 months, though […]