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AUGUST
August 2020
Dear Friend; 

We are welcoming beautiful fall here in British Colombia, but the hot market of real estate is continuing according to Real Estate board of Greater Vancouver’s latest report. In this continuous growing market, working with a reliable realtor can be worthy of attention. If you want to sale and purchase a home, or to invest in a real estate project, please don’t hesitate to contact me at, please don’t hesitate to contact me 
at 
604-780-9565. I would be happy to meet with you to see how I can help you out. 

To learn more about my services, please follow me on:  
                                   





A successful Real Estate investment strategy is:

Don’t Wait to Buy Real Estate; Buy Real Estate and Wait

Residential property sales in Metro Vancouver

Home sale and listing activity continues to increase in August

VANCOUVER, BC – September 2, 2020 – Home buyers and sellers remained active across Metro Vancouver* in August, with home sale and new listing activity outpacing the region’s historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020. Last month’s sales were 19.9 per cent above the 10-year August sales average. “People who put their home buying and selling plans on hold in the spring have been returning to the market throughout the summer,” Colette Gerber, REBGV Chair said. “Like everything else in our lives these days, the uncertainty COVID-19 presents makes it challenging to predict what will happen this fall.” There were 5,813 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2020. This represents a 55.1 per cent increase compared to the 3,747 homes listed in August 2019 and a 2.3 per cent decrease compared to July 2020 when 5,948 homes were listed. This was 34.8 per cent above the 10-year August new listings average. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,803, a 4.4 per cent decrease compared to August 2019 (13,396) and a six per cent increase compared to July 2020 (12,083).

Download the August 2020 stats package

REBGV Housing Market Update (August 2020)

Updated Residential Mortgage and Debt Data 2012 to 2020

Research data can help you drive change, inspire policy, help society and develop new and exciting innovation.

CMHC’s research data is no different. We offer a variety of quality housing data to help you with your research that will help you create change and develop new and exciting innovations in the world of affordable housing.

You may be creating a:

·         municipal initiative

·         policy proposal

·         research paper

·         economic scan

·         looking to get a COVID-19 impact baseline

 Read More


The Ultimate Guide to Secondary Properties
All the key tips to buying, using, and even renting out a vacation home

By Dominion Lending Centres Sep 9, 2020

So, you are looking to purchase a second property! Congratulations! This is an incredible opportunity and we are here to help provide you with the keys to success to expand your financial portfolio and ensure stability for the future.

Before you launch into this purchase there are a few things you should know, depending on which type of second property you are looking to purchase

Purchasing a Second Property

When it comes to considering additional investments, most people don’t look at secondary properties. Why? Generally, people are trained to stay out of debt. As a result, they don’t tend to consider using the equity in their home to buy an investment property, but it all comes down to the art of leveraging.

In the case of purchasing a secondary property, most lenders will allow you to borrow money against the equity you have in your current home and use it as a down payment for a second home. Before jumping in, it is important to understand the different financing options to determine which route best suits your circumstances and property goals.  Read More


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JULY
July 2020
Dear Friend; 

Welcome to my newsletter. Here you will find the latest real estate news and stats for the month of July. If you would like more information about market conditions in your community, or have any other real estate related questions, please contact me at 604-780-9565. I would be happy to meet with you to see how I can help you out. 
To learn more about my services, please follow me on:  
                                   





A successful Real Estate investment strategy is:

Don’t Wait to Buy Real Estate; Buy Real Estate and Wait

Metro Vancouver housing market sees steady summer activity

VANCOUVER, BC – August 5, 2020 – Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 28 per cent increase from the 2,443 homes sold in June 2020. Last month’s sales were 9.4 per cent above the 10-year July sales average. “We're seeing the results today of pent up activity, from both home buyers and sellers, that had been accumulating in our market throughout the year,” Colette Gerber, REBGV Chair said. “Low interest rates and limited overall supply are also increasing competition across our market.”
Download the July 2020 stats package

REBGV Housing Market Update (July 2020)

5 Reasons Why 2020 is The Year to Buy Real Estate

Lower mortgage rates, lower home prices, and the rise in buyer confidence means a busy year ahead for realtors

By Catherine Musgrove Feb 29, 2020

Thinking of buying a home? Well, 2020 could be your year! Real Estate experts across the country are optimistic this year will see an upswing in the market, and more first-time homebuyers will have the keys to their new front door.

Here’s what we know: 2018 and 2019 got off to a slow start, but 2020 has already proven to be a year with positive surprises.  Here are some market trends that may sway your opinion and have you headed to your favorite real estate agent.

1.  Lower Mortgage Rates

The Bank of Canada's five-year benchmark qualifying rate dropped last year. Why is this important? Benchmark rates are interest rates set by the bank of Canada that are useful in financial contracts such as mortgages. Make sure you talk to your Real Estate Professional or Mortgage Broker to discuss your eligible rates. Read More


Feeling Crowded at Home? Design Tips to Make a Small Space Feel Bigger

We're all spending more time indoors - here's how to maximize your home.

By Justin Kerby Jun 25, 2020

When you’re short on space, a little bit of planning goes a long way. The way a room is decorated, organized, and laid out can really maximize a small space and make it feel less crowded. Whether it’s an office set-up, a living room, or your entire home that’s feeling busy, these design tips will help you make better use of your living space. 

Small doesn’t mean small only

Just because your space is small does not mean that the things in your space need to be small. While we wouldn’t recommend putting multiple large pieces in one room, it’s okay to have one statement piece that’s on the larger side. You’ll need to be strategic about your selection here - a statement piece is just that - a statement.

Start by falling in love with the large piece you select and build around it. In many cases, one large piece can make a space feel bigger than adding in several small pieces and busying things up.  Read More


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Get In Touch

Morteza Neeki

Mobile: (604) 780-9565

Phone: (778) 379-7888

Email

Office Info

Personal Real Estate Corporation

#305 9940 Lougheed Hwy  Burnaby,  BC  V3J 1N3 

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