Category: Real Estate News

March sales set an all-time record Metro Vancouver home sales eclipsed 5,000 in March for the first time on record. Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February […]

MORTGAGE RATES ON CRUISE CONTROL Highlights: • Financial market volatility keeping mortgage rates low • Fiscal policy to the rescue? • Bank of Canada unlikely to act on interest rates this year Canadian bond yields fell to as low as 0.48 per cent in the first quarter of the year, though have since bounced back […]

In partnership with one of Vancouver’s top commercial realtors, we offer a boutique commercial real estate division focused on multi-family, land development, and waterfront hotels & resorts  …  see more “We found all the members of YourHomeTeam to be very professional and diligent, and the results showed that. After listing with other commercial agents who were unsuccessful […]

YourHomeTeam is proud to co-sponsor a speaker series event with the PHILIPPINES CANADA TRADE COUNCIL featuring OZZIE JUROCK F.R.I. Renowned real estate guru, multi-awarded author & speaker                                                          […]

Property Transfer Tax (PTT) A New Housing exemption will apply to newly built homes or newly subdivided units priced up to $750,000, saving buyers up to $13,000; and  a partial exemption will apply on newly built homes priced $750,000 to $800,000.   A new 3% PTT rate will apply to the portion of a home sale […]

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 […]

When investing in real estate, the basics are still true – location, location, location. You can change the look and feel of a real estate investment property, but you can’t change the location…and waterfront is the best location of all. Another thing we’ve learned through our years of experience in real estate is that it’s […]

Bank of Canada Interest Rate Announcement – July 15, 2015 The Bank of Canada announced this morning that it is lowering its target for the overnight rate by 0.25 percentage points to 0.5 per cent. In the press release accompanying the decision, the Bank emphasized that while this additional stimulus is required to help return […]

We were privileged to interview master builder, Sherman Peng of URBANSCAPE PROJECT LTD, who shared his insights and walked us through a recent coach house project on the Vancouver Westside. This brief video shows how he converts a garage into a 1 bedroom and den, 700 SF, 2 level coach house on a 33 ft […]

Recent news stories have focused on the foreign buyer segment of the market, concluding that foreign investors are unduly inflating home values and driving potential domestic buyers out of the housing market, especially those looking to purchase their first home. However, there are data and analyses from a number of sources that point to foreign investment […]