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OCTOBER
October 2020
Dear Friend;

Hopping 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:

Hopping this email find 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.

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

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Personal Real Estate Corporation

#305 9940 Lougheed Hwy  Burnaby,  BC  V3J 1N3 

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