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Methods of Homebuilding: Fixed Cost vs. Cost-Plus

If you’re considering building a home, you’ll need to carefully calculate a budget for yourself, your builder, and every member of the homebuilding team. However, pricing strategies are likely to feel ambiguous, even random. The best way to proactively save yourself time and money is to understand the types of contracts builders use to price […]

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The Canadian Real Estate Market Is Inflated—and That’s Dangerous

The Canadian economy has a problem: real estate. A relatively unstable industry, the Canadian real estate market, especially in the Vancouver area, is reaching new heights of inaccessibility. Inflated home prices are leading to fewer purchases and sales, which could spell danger for the Canadian economy. According to CBC, real estate fees, including commissions, land […]

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Canada’s Mortgage Stress Test and Declining Home Prices

The Vancouver and Canadian housing markets are beginning to shift. After years of borrowing and price inflation, regulators are beginning to shift course. CIBC recently announced they are expecting a 50% decline in new mortgage originations later in 2018. Slowing mortgage loan growth reflects weaker and less frequent home sales activity. While CIBC does not […]

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Vancouver Condo Prices are Crashing—Here’s Why

The greater Vancouver condo market is beginning to shift. Condo sales have long carried the Vancouver real estate market. With single home sales hitting record lows and Vancouver’s affordability decreasing each month, condo sales have remained robust. For years, condo sales have remained robust in the face of continuously declining inventory levels. This limited availability […]

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Financial Checklist for First-Time Homebuyers

For many, purchasing a home will be the largest expense ever incurred. Before diving in, it is essential to organize your finances strategically to better understand your budget, home requirements, and desired area. Here is a simple but comprehensive checklist to help you move forward toward this major, life-changing purchase. Save, save, save—Experts suggest that […]

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What Options Do I Have While Building a Home?

Most homeowners don’t realize that building a home can take several forms. Not all “custom” homes are truly “customized.” Whether or not you’re working with an architect to create custom modifications, when building a home, you will need to choose between working with a production builder and a custom builder. Both types are excellent options, […]

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