News & Tips

Currently there are 27 cost-saving programs, grants, rebates and other offers for BC home buyers and home owners. New to the list this year are the BC Seniors’ Home Renovation Tax Credit, rebates for Energy Star appliances and new BC Hydro Power Smart programs for businesses. Below are just a few to mention, or view the […]

The Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an additional 10 per cent required on the portion […]

Housing demand remains strong despite diminishing supply Home sales reached near record levels in November even as home listings began the traditional year-end decline.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This represents a […]

Vancouver Canada is consistently being recognized as one of the top cities in the world for livability and our award-winning professionals at YourHomeTeam are here to help make your move into or around this thriving city as perfect as possible. As a new homebuyer, you have a lot of things to consider: commute times, neighborhood […]

Metro Vancouver home buyers push October sales above long-term averages Home buyers remain active across Metro Vancouver despite a reduced supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a […]

Most buyers overlook or dismiss the idea of real estate backup offers when shopping for their next Vancouver home, mainly because backups are widely misunderstood. While there are pros and cons to backup offers, they provide good opportunities for buyers in situations where there is more than one party interested in the same property. In […]

Metro Vancouver home buyers compete for fewer home listings Conditions continue to favour home sellers across *Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,345 on the Multiple Listing Service® (MLS®) in September 2015. This represents a 14.5 per cent increase compared […]

There is nothing new about mortgage penalties; however, the size of penalties these days is catching many people off guard, especially in the Vancouver real estate market where housing prices (and their mortgages) are higher than the rest of the country so these penalties are even more amplified. A mortgage penalty is triggered when a […]

Competition continues to drive Metro Vancouver’s housing market Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver […]

Summer heat doesn’t slow home buyer activity Metro Vancouver home sales were more than a third above the 10-year average in July, while the number of homes listed for sale continues to trend below recent years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver* reached 3,978 on […]