When was the last time there was a buyers' market on the North Shore?
Posted on Feb 12, 2018
If you look to all of the predictions for the real estate market this year – although we have the financial stress test and the increase in interest rates – it is suggested that prices will continue to increase this year, but not at the same pace as in previous years.
There are also extreme views suggesting there has to be a crash or a pull back. I...
Next Phase: Moving & Downsizing
Posted on Feb 03, 2018
Scott Morrison is President of Next Phase: Moving & Downsizing. For the past nine years, his company has helped hundreds of seniors move to smaller homes that are adequate for their needs. We spoke to him about how he helps seniors downsize without much hassle.
“Most of our clients are 80 or more years old,” Scott explains. “They have lived in their...
The Empty Home Tax is here! (Time sensitive information)
Posted on Jan 25, 2018
According to the 2016 census, there are 25,502 unoccupied or empty homes in the City of Vancouver, while the rental vacancy rate is less than one per cent. Part of the empty-home issue is a result of speculative buying. Many neighbourhoods in the City of Vancouver are being affected and transformed by it. For example, according to the census, Coal...
What's New in Lower Lonsdale?
Posted on Jan 18, 2018
Blog post content goLower Lonsdale is transforming into one of the most vibrant neighbourhoods and a destination for visitors on the North Shore. In the last few months, we have seen a collection of new businesses opening their doors, as well as one of the most important cultural institutions this side of the Burrard Inlet moving into their new ab...
Real Estate News in the First Days of 2018
Posted on Jan 10, 2018
We are on day 10 of 2018, and one thing is for sure: real estate news does not take a break.
The new mortgage regulations came into effect on January 1, 2018. The significant change in mortgage regulations is the establishment of a new minimum qualifying rate (or financial stress test) for borrowers making a down payment of 20 percent or more of th...
What to look for in 2018
Posted on Dec 19, 2017
My prediction for 2018 is that we will continue seeing upward pressure on condos and townhomes as a result of the financial stress test being implemented for all buyers seeking a mortgage. Specialists have suggested that the change would affect buying power by 20%, which will affect roughly about 25% of buyers in the market. If people can borrow 20...