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 […]
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 […]
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 […]
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 […]
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, […]
In recent years, Vancouver’s housing market has attracted a lot of attention. No, not for its natural beauty and the bountiful amenities. With a Multiple Service Listing Home Price Index (MPL HPI) of $1,046,900, this is Canada’s most expensive real estate market. Home and land prices have risen steadily over the past decade, making area […]
