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March 2021

Hoping this email finds you well! Here you will find the latest real estate news and stats for this month. 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

March home sales and new listings set records in Metro Vancouver

Vancouver, B.C. – April 2, 2021Home buyer and seller activity reached unprecedented levels across Metro Vancouver* in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1 per cent increase from the 2,524 sales recorded in March 2020, and a 53.2 per cent increase from the 3,727 homes sold in February 2021. Last month’s sales were 72.2 per cent above the 10-year March sales average and is the highest monthly sales total ever recorded in the region. “In March, residents bought and listed homes across our region at levels not seen before,” Taylor Biggar, REBGV Chair said. “This surge in activity is increasing upward pressure on prices. We’re beginning to see double-digit price gains for single-family homes and townhomes over the last 12 months.” Demand was most pronounced in rural and suburban areas. Delta – South saw a 195.8 per cent increase in sales over 2020 – the largest increase in Metro Vancouver. This was followed by Whistler, which experienced a 194.7 per cent increase, and Squamish, which saw a 188.6 per cent increase in sales.

Download the March 2021 stats package                                                                   

REBGV Housing Market Update (April 2021)

Your Credit Rating: The Five C's

By Dominion Lending Centres Mar 24, 2021
Buying your first home is an incredible step in life, but it is not without its hurdles! One of which is demonstrating that you are creditworthy, which all comes down to your credit rating. This is how lenders and credit agencies determine the interest rate you pay, or whether you will qualify for a mortgage at all.

As mortgage rules continue to change, the credit rating is becoming even more important as a higher credit rating could mean a lower interest rate and save you thousands of dollars over the life of your mortgage.
If you’ve never given much thought to your credit rating before, don’t worry! It is not too late and we are going to take through everything you need to know. The most important of which is that, in order to qualify for a home, you must have a credit rating of at least 680 for one borrower.

There are several attributes that factor into your credit score, and these are commonly referred to as the “Five C’s” and consist of: Character, Capacity, Capital, Collateral and Conditions. Let’s take a closer look at each:   Source


How to time your Real Estate Purchase with Bitcoin?

By Sam Kamra, mortgagecalculator.ca - REW Market Pro customer Mar 29, 2021

It’s no secret that Bitcoin is known for its extreme volatility and adding zeros. There is a narrative within the Bitcoin community that this is a quote unquote “Super Cycle” and this time there won’t be a steep correction. While the argument sounds plausible, markets simply don’t work this way. It is true that the magnitude of the correction could be lower than -84% and -86% of the previous two cycles, make no mistake – there will be a significant correction.
With many Bitcoin models projecting market top price anywhere from $100k to $400k USD and market top timeline from 2021 to 2023, how can you tell when it is a good time to take your Bitcoin profits and invest into Real Estate?

Bitcoin Metrics to Watch
In order to answer this question, we need to look into what happened during the previous bull cycles. Using TA (or technical analysis) can be of some value, I would suggest paying attention to two insightful metrics: amount of Bitcoin available on exchanges and Bitcoin network transaction fee.
It’s important to realize that markets are mainly driven by emotions, such as Fear of Missing Out during the Bull Run and Panic Selling during the Bear Market. In December 2017, when Bitcoin maxed out at $20k USD, buying pressure was exhausted and Bitcoin price collapsed. But was it possible to predict and time it beforehand and the answer is yes. 
Read more


 MARCH 2021 MARKET INSIGHTS


February 2021

Hoping this email finds you well! Here you will find the latest real estate news and stats for this month. 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

Homebuyer competition intensifies across Metro Vancouver’s housing market

Vancouver, B.C. – March 2, 2021 – Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 percent increase from the 2,150 sales recorded in February 2020, and a 56 percent increase from the 2,389 homes sold in January 2021. Last month’s sales were 42.8 percent above the 10-year February sales average. “Metro Vancouver’s housing market is experiencing seller’s market conditions. The supply of listings for sale isn’t keeping up with the demand we’re seeing,” Colette Gerber, REBGV Chair said. “Competition amongst home buyers is causing multiple offer situations and upward pressure on prices. “This is particularly true in the townhome market where demand is outstripping the available supply. Conditions differ depending on location and property type so it’s important to work with your local REALTOR® to develop strategies to meet your needs.” There were 5,048 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2021. This represents a 26.1 percent increase compared to the 4,002 homes listed in February 2020 and a 12.7 percent increase compared to January 2021 when 4,480 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,358, a 9.1 percent decrease compared to February 2020 (9,195) and a 0.6 percent increase compared to January 2021 (8,306). This is 21.2 percent below the February 10-year average for new listings.  

Download the February 2021 stats package                                                                   

REBGV Housing Market Update (February 2020)

Buying or selling a home? Here are 4 trends you can expect in today's market

A combination of historically high demand, limited housing supply, and COVID-19 restrictions is changing the way buyers and sellers are operating in Metro Vancouver’s housing market. 

If you’re looking to buy or sell a home in these conditions, here are four trends you can expect to see – and some advice on how to deal with them. 

1. Limited showings

While REALTORS® are considered an essential service during the pandemic, they still have to serve their clients under strict safety guidelines. That means they must follow cleaning and occupancy protocols that could limit the number of showings they can conduct in a day. This can cause frustration when trying to schedule a showing and may even cause lineups outside of homes that may have many potential buyers. 
 
Source


Purchasing a Home in a Seller’s Market: What Buyers Need to Know

By Justin Kerby Mar 16, 2021

Though it may not be country-wide, many major Canadian real estate markets are currently experiencing more potential buyers than homes listed for sale, creating a classic seller’s market in many cities. While the trend is interesting to note, it’s not exactly surprising to many in the industry. RE/ MAX’s Canadian Housing Market Outlook suggested that 84% of its agents across the country anticipated a seller’s market this year. 

If you live in a Canadian market where homes are selling for over asking with multiple offers, you need to prepare yourself for the challenges of buying in a seller’s market. Here are some tips for purchasing a home in a seller’s market.  

Pre-approval is a must

The cost of not getting pre-approved for a mortgage in a seller’s market can’t be understated. In many markets across the country, it will often keep your bid from being accepted. Though it might sound surprising, it’s true that the first thing you should do when trying to buy a home in a seller’s market applies for a mortgage pre-approval. Shop around for a good rate, get your documentation together, and then meet with a mortgage broker to get pre-approved. The whole process can be completed in few hours, so don’t let it intimidate you. Read more


 SOLD LISTINGS


JANUARY 2021

Hoping this email finds you well! Here you will find the latest real estate news and stats for this month. 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. 

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

Homebuyer demand remains elevated across Metro Vancouver
Vancouver, B.C. – February 2, 2021 – Housing demand in Metro Vancouver's housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 percent increase from the 1,571 sales recorded in January 2020, and a 22.8 percent decrease from the 3,093 homes sold in December 2020. Last month’s sales were 36.4 percent above the 10-year January sales average. “With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices. Download the January 2021 stats package

REBGV Housing Market Update (January 2021)

8 Things First Time Home Buyers Need to Know
Becoming a homeowner is exciting, but make sure you're going in with your eyes open
By Justin Kerby Dec 24, 2020
Thinking of buying your first home? Congratulations! Buying property is a milestone event worth celebrating, but before you pop the champagne - there are several things first-time homebuyers need to know before signing on the dotted line. If you educate yourself on each of these items below, you’ll put yourself in a good position with your first ever home purchase. 

1. Closing isn’t cheap
Unfortunately, there is more to consider when purchasing a home than just the listing price or your offer. The Bank of Montreal suggests that you’ll want to budget between 3% and 4% of the purchase price (assuming it’s not a brand new home) to cover closing costs. That means that on a home that costs $400,000, you’ll be looking at between $12,000 and $16,000 in closing costs alone. That’s no small sum of money, so you can see why you need to keep closing costs in mind when creating a budget for yourself.
 Source


Everything You Need to Know About Buying a Townhouse in 2021
Townhouses have become extremely popular in real estate markets across Canada, offering home buyers the opportunity to get more space than an apartment, with less of a hefty price tag than a detached home.

By Michelle Hopkins Feb 12, 2021
The lack of maintenance requirements and a growing interest in the suburbs have first-time home buyers and empty-nesters alike looking at townhouses closely this year. Interest in townhouses is one of many major real estate market trends to watch in 2021.
Before you begin your home search, here’s everything you need to know about buying a townhouse in 2021.
 Read more


#29 8726 159 STREET SURREY
2624 HEMLOCK CR ABBOTSFORD


December 2020

Hoping this email finds you well! Here you will find the latest real estate news and stats for this month. 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 shows resilience in 2020

Vancouver, B.C. – January 5, 2021 – Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018. Last year’s sales total was 2.8 per cent below the 10-year sales average. “When the pandemic began in March, the housing market came to a near standstill. We knew, however, that shelter needs don’t go away in times of crisis, they intensify," Colette Gerber, REBGV Chair said. “The real estate community worked closely with our regulatory bodies and public health officials in the spring to ensure appropriate precautions and protocols were implemented so BC REALTORS® could help residents safely meet their housing needs." Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 54,305 in 2020. This is a 4.6 per cent increase compared to the 51,918 homes listed in 2019 and a 1.3 per cent increase compared to the 53,614 homes listed in 2018. Last year’s listings total was 2.7 per cent below the region’s 10-year average. “After adapting to the COVID-19 environment, local home buyer demand and seller supply returned at a steady pace throughout the summer, fall, and winter seasons," Gerber said. "Shifting housing needs and low-interest rates were key drivers of this activity in 2020. Looking ahead, the supply of homes for sale will be a critical factor in determining home price trends in 2021.”

Download the December 2020 stats package

REBGV Housing Market Update (December 2020)

Property taxes 101

Updated Wednesday, January 6, 2021

Property tax notices are sent to homeowners and businesses in June and are due the first or second business day in July, depending on the municipality.
No tax notice?
Property owners who didn’t receive a tax notice should contact their municipal finance department to get a duplicate notice. It’s the property owner’s responsibility to ensure a municipality has the correct mailing address.

New property owners who didn’t receive a tax notice, or received a tax notice with the previous owners’ name(s) on it, should:

- contact the BC Land Title and Survey Authority at 604-630-9630 for a Certificate of Title to prove ownership; and 

- complete the Home Owner Grant application. Effective 2021, all homeowner grant applications must be submitted directly to the province. Property owners in municipalities no longer apply through their municipal office. 

Property taxes must be paid and the Home Owner Grant claimed by the due date to avoid late penalties.

Reduce your taxes with the Home Owner Grant
Effective 2021, all homeowner grant applications are submitted directly to the province. Property owners in municipalities no longer apply through their municipal office.

The BC Home Owner Grant Program helps reduce residential property taxes for Canadian citizens and landed immigrants who are permanent residents and whose home is their principal residence.

1.  Regular Home Owner Grant – up to $570 for qualifying homeowners. For 2021, the grant is reduced by $5 for each $1,000 of assessed or partitioned value over $1,625,000. (Note: the partitioned value of a property is the property’s assessed value divided by the number of residences on that property). The grant is eliminated on homes assessed at $1,739,000 in Metro Vancouver, Fraser Valley, and Capital regional districts, and $1,804,000 in a northern or rural area. Source


  5 Signs That Now Is the Right Time to Move

Real Estate Trends

Learn when to really consider a new home

By Justin Kerby Dec 18, 2020

Making the decision to move can feel overwhelming. You’ve likely been settled in your current home and neighborhood for a while and changing location, packing up and moving, and restarting your life in a new area will take a lot of work. It can be easy to just stay where you are but moving is often the right choice - especially if you’re in need of a fresh start. It’s hard to truly know if moving is the right decision at any time, but these are five of the most common signs that you might be ready to move.

1. It’s the Best Financial Decision

When your financial situation has changed for the better or the worse, a move might be the next necessary step for you.

Your Monthly Payments are Tight
If you’re finding that your current income can’t support your housing and living costs, or you could see it being a problem in the future, consider a move that will put you in a more comfortable position financially. You have plenty of options you can explore. For example, there’s the option of downsizing to a smaller, more affordable home. Or you can consider moving into a new city that has more affordable housing. Either way, if your budgets are tight, it’s essential you act quickly. Moving to a home that aligns with your budget will help you avoid debt and can reduce financial stress in your life. 

Your Income has Increased
Conversely, if you’ve found that your pay has increased and you have significant disposable income, a move can be a smart choice. If you’re currently renting, consider entering the market and purchasing your first home. If you’re already a homeowner, you can look at upgrading to a larger home, or shopping for a home in a more desirable area. Read more




November 2020

Hoping this email finds you well! Here you will find the latest real estate news and stats for this month. 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

November home sales outpace seasonal norms and long-term average

Vancouver, B.C. – December 2, 2020 – Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sales recorded in November 2019, and a 16.9 per cent decrease from the 3,687 homes sold in October 2020. Last month’s sales were 24.6 per cent above the 10-year November sales average and was the second highest total in this period. “Home buyer demand has been at near record levels in our region since the summer,” Colette Gerber, REBGV Chair said. “This is putting upward pressure on home prices, particularly in our detached and townhome markets." There were 4,068 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2020. This represents a 36.2 per cent increase compared to the 2,987 homes listed in November 2019 and a 27 per cent decrease compared to October 2020 when 5,571 homes were listed.

Download the November 2020 stats package

REBGV Housing Market Update (November 2020)

Canada's federal government considering foreign home buyers' tax

The federal Liberal government announced that over the next year, it will be taking steps to implement a tax on foreign home buyers and owners in a bid to improve housing affordability for Canadians.
While details were sparse, the Liberal government said that the levy will benefit first-time buyers the most as it will be targeting properties that are being used by non-Canadians to passively store their wealth.
Josh Gordon, assistant professor at the Simon Fraser University’s School of Public Policy, said that for the measure to be truly effective in its stated purpose, it should not be limited to empty investment homes.
“If [the federal government is] only trying to tax vacant properties owned by non-resident non-Canadians, then this is likely a small share of properties, and it won’t move the needle much,” Gordon said in an interview with Yahoo Finance Canada. “If they actually wanted to make an impact, they should apply the tax to properties where foreign money is primarily being used for the purchase, and households aren't paying Canadian income taxes.”
Gordon said that this would include occupied properties as well as those owned by permanent residents and citizens, “similar to the Speculation and Vacancy Tax in BC.”
At the same time, the measure should take into account the disparities in the roles that foreign-owned homes play across different regions.
“If they do introduce the tax, they should target it at major urban centres,” Gordon said. “There are many resort towns that rely on substantial foreign ownership, and those places will suffer if they apply the tax there. Choosing where to apply it, then, will involve some challenges.”
Tsur Somerville, associate professor at the University of British Columbia’s Sauder School of Business, said that such a policy requires a mixed strategy to be truly effective.
“If you’re looking to address affordability, that on its own is never going to get you to affordability. But it can certainly be part of the package of both demand- and supply-side policies,” Somerville said, citing BC’s property transfer levies that were implemented along with its speculation/vacancy tax as an example of this approach. 
Source


7 Things You Should Know About Replacing Kitchen Cabinets

Learn about one of the biggest upgrades you can give your home

By Justin Kerby Dec 2, 2020
Replacing kitchen cabinets is one of the best ways to give your kitchen a makeover. If you know what you’re doing, replacing kitchen cabinets can be straightforward – but be prepared, it will take a lot of time and effort. If you do the right research and stick to your plan, you might even enjoy the process. Start here and be sure you know these 7 things about replacing your kitchen cabinets. 

1. Refinish vs. Replace
When you look up tips for kitchen cabinet replacement, you’ll see dozens of search results asserting that you should consider refinishing your cabinets instead. The truth is there’s a lot to be said for this argument. If you have solid cabinets already, but you simply don’t like the coloring, design details, or they have minor scratches and breaks, you might not need a full replacement. Read more


 FEATURED LISTINGS
SOLD IN LANGLEY


OCTOBER
October 2020
Dear Friend;

Hoping this email finds you well! Here you will find the latest real estate news and stats for the month of October. 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

Home sale and listing resurgence extends into the fall
VANCOUVER, BC – November 3, 2020 – Home sale and new listing activity remained at near-record levels across Metro Vancouver* in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 percent increase from the 2,858 sales recorded in October 2019, and a 1.2 percent increase from the 3,643 homes sold in September 2020. Last month’s sales were 34.7 percent above the 10-year October sales average and stands as the second-highest total on record for the month. “Home has been a focus for residents during the pandemic. With more days and evenings spent at home this year, people are re-thinking their housing situation," Colette Gerber, REBGV Chair said. “Throughout this period, REALTORS® have been working to understand and adapt to the latest safety protocols so that they can continue to help the public meet their housing needs in a safe and responsible way.” There were 5,571 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2020. This represents a 36.7 percent increase compared to the 4,074 homes listed in October 2019 and a 13 percent decrease compared to September 2020 when 6,402 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,416, a 1.5 percent increase compared to October 2019 (12,236) and a 5.2 percent decrease compared to September 2020 (13,096). “With demand on the rise, homes priced right for today’s market are receiving attention and, at times, garnering multiple offers," Gerber said. "To understand the market conditions in your neighborhood and property type of choice, work with your local REALTOR® to assess the latest MLS® housing market information."

Download the October 2020 stats package

REBGV Housing Market Update (October 2020)

Home Improvements That Will Sell Your Home In No Time
These home renovation tips add value to any property
By Tony Kantzavelos Oct 29, 2020
These home improvement and selling tips come to you via the experts at LoveYourRug, proudly servicing Toronto and the Greater Toronto Area. Visit them today at https://www.loveyourrug.ca/ Who would’ve thought that investing in your house before selling can bring you more money? The logic is that by making small but important improvements, you’re actually significantly raising the value of the property. If you’re on the market selling a home, these tips can help you create an environment everyone will want to buy, without breaking your budget. Follow the advice below and thank us later:
1. Upgrade The Kitchen
You might not think of it as a focal point, but your kitchen is such an important room. The majority of buyers will either fall in love with your home or decide to pass on the opportunity, just because of your kitchen. So to increase the value, start upgrading! It doesn’t have to be a full-on renovation, but a few smart tweaks will do the job.
Begin by giving the room a fresh coat of paint and making it look bigger with great lighting. These two won’t break the bank but will make this room look like a brand new one. If you have the time and the opportunity, think about upgrading the countertops and paint the cabinets. To finish off with a bang, all you need is new hardware, such as handles, faucets, pulls, knobs and finally elegant sheer curtains for the patio doors as the final finishing touch. 
 Read More


REALTORS® acting with extra vigilance as COVID-19 caseload rises
With COVID-19 cases on the rise, REALTORS® are committed to adhering to the province’s latest physical distancing requirements and conducting as much of their business as possible in a virtual environment.
This includes using different technology to showcase homes, assess neighborhood amenities, and handle paperwork with clients electronically. When in-person client meetings are necessary, Realtors will aim to hold them outdoors or in a location with a detailed COVID safety plan.
Realtors are also following WorkSafeBC’s detailed safety protocols for the real estate sector. These protocols focus on the need to document consent, enforce all public health protocols, use contact tracing processes, and employ enhanced cleaning and hygiene practices
"Safety remains the top priority for the real estate profession. When looking to buy or sell a home today, we ask that you remain patient because your Realtor will need to follow different safety measures throughout the process." Colette Gerber, REBGV Chair
The COVID-19 pandemic remains a fluid situation. On October 26, BC’s Provincial Health Officer Dr. Bonnie Henry made a new order that limits the number of guests one household can have at one time to six. This is in addition to the people who live in that household.
This order limits gatherings in private homes to no more than your immediate household, plus your safe six," Henry said. This is going to be a challenge more for some people than others, but this is something we need to do together as a community so we can get through the coming respiratory season.
Along with the other real estate boards in BC, REBGV continues to engage the Real Estate Council of BC, WorkSafeBC and the Office of the Provincial Health Officer to assess how changing public health orders, guidance, and recommendations could affect the practice of real estate. 
Source


APARTMENT FOR SALE IN CLAYTON, CLOVERDALE


SEPTEMBER
September 2020
Dear Friend:

Hoping this email finds you well! Here you will find the latest real estate news and stats for the month of September. 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 home sales and listings surge in September

VANCOUVER, BC – October 2, 2020 – Home sale and new listing activity reached record levels in Metro Vancouver* in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. Last month’s sales were 44.8 per cent above the 10-year September sales average and is the highest total on record for the month. “We've seen robust home sale and listing activity across Metro Vancouver throughout the summer months," Colette Gerber, REBGV Chair said. "This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic." There were 6,402 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2020. This represents a 31.6 per cent increase compared to the 4,866 homes listed in September 2019 and a 10.1 per cent increase compared to August 2020 when 5,813 homes were listed.
Download the September 2020 stats package
REBGV Housing Market Update (September 2020)

8 DIY Home Improvements Anyone Can Do

These low-impact upgrades are perfect for any renter or homeowner.

By Justin Kerby Aug 21, 2020

The key to falling in love with a home, whether it's a rental or purchase, is to bring your own personal style and flair to the space. There are plenty of ways for renters to remodel without losing their security deposit, and these do it yourself projects make for great, quick upgrades to any home. Really, easy decorating options for rentals are endless once you start looking for inspiration. We’ve rounded up eight home improvement ideas, all DIY, that anybody can choose to tackle. Here’s where to get started. 

1. Get crafty with cup hooks

If you can’t put holes in your walls or cabinets, command hooks are a fantastic, removable alternative. However, if your landlord does permit nails in the walls, then you can use cup hooks for a ton of great design updates. 

These small and inexpensive pieces of hardware are incredibly versatile. Use them around your home to put up string lights. Screw them into the bottom of a kitchen cabinet and hang your favorite mugs. Or use them on a kitchen wall to hang utensils, colanders, pots and pans. They’re a great (and affordable) way to put your favorite items on display. 

2. Upgrade your outlet and light switch covers

This home improvement project is often overlooked, but it’s one of our favorite DIY projects for several reasons. Most notably, the amount of effort it takes is next to nothing, and it can have a huge impact. Change all of the covers to a black or bronze to add a stark contrast to your white walls. Or, for even more character, go for a bright and bold pattern.  Read More


Now You Can buy Real Estate with Bitcoin

Learn how blockchain and bitcoin make for an alternative approach to home buying

By Sam Kamra, mortgagecalculator.ca - REW Market Pro customer Oct 9, 2020

BTCHome.ca is a Bitcoin division of Real Estate Bay Realty (est. 2011), a licensed and accredited Real Estate Brokerage based out of Toronto, Canada that is now accepting Bitcoin as a payment for any Canadian Real Estate, including those properties that are listed for sale on MLS® in Canadian Dollars.

Reasons for Purchasing Real Estate with Bitcoin

Bitcoin is an absolutely scarce store of value asset as well as a highly secure payment method, giving the holder the ability to transact without using third party intermediaries, such as the banks. Real Estate Bay recognizes that Bitcoin has become a permanent feature of modern society, just like the Internet.

Bitcoin, however, is a relatively new asset class, which is going through an ongoing process of price discovery, resulting in high levels of volatility. Bitcoin price follows a pattern of extreme bull and bear cycles and while the price of Bitcoin will stabilize eventually, for the time being these cycles appear to be unavoidable.  Read More




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.

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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. 
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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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Morteza Neeki

Mobile: (604) 780-9565

Phone: (778) 379-7888

EMAIL

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Personal Real Estate Corporation

#305 9940 Lougheed Hwy  Burnaby,  BC  V3J 1N3 

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