January 2021 Real Estate Numbers
Posted on Feb 10, 2021
Typically at this time of the year we are looking for signals as to what we might expect for the Spring real estate market. According to the sales data for January it would appear the big story this Spring will be inventory. Or if you like the number of properties available for sale to keep up with the increased buyer demands. For example, the numb...
The Real Estate Market is moving forward: September 2020
Posted on Sep 25, 2020
Last month was the busiest August I have ever had in my career. A lot of other REALTORS® were bustling with activity during the summer. In fact, this August was the highest activity in many years and beat our 10-year average for the month of August.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the regi...
May 2020 Housing Market Statistics
Posted on Jun 08, 2020
REBGV Chair Colette Gerber provides a summary of the May 2020 housing market statistics.
Our Real Estate Market in times of Covid-19
Posted on May 15, 2020
British Columbia is heading towards the second phase of the reopening plan after the Victoria Day long weekend. While there is still a lot of unknown and uncertainty about the next steps, our local real estate market is gearing up to what can quickly becoming a busy season.
The provincial government named the real estate profession an essential ser...
Changes to the Mortgage Stress Test
Posted on Mar 02, 2020
Last week, Ottawa announced that as of April 6, the mortgage stress test will be calculated in a new way. This new measure is geared towards making it easier to qualify for a loan to buy a home. This change will affect anyone getting an insured mortgage, such as those putting down less than 20% on a purchase, for which default insurance is general...