News

5 Reasons You Should Speak with A Mortgage Broker

Posted on Jan 26, 2022 in How To Videos



In today’s breakneck pace, white hot market. You NEED to be pre-approved for a mortgage or you are essentially going to be entering a horse race riding a donkey. Now in the old days one would simply walk into their bank and if you were offered a mortgage, take it and that would be that.
 
These days failing to check out all your options might be a cri...

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Vancouver Sets New Sales Record in 2021

Posted on Jan 12, 2022



Reports from The Real Estate Board of Greater Vancouver have shown that the region totaled 43,999 sales for 2021. This is a 42.2% increase in sales from 2020 and a 4% increase from the previous ALL-TIME record that was set in 2015 at 42,326 for the year.

Home has been a focus for residents throughout the pandemic. With low interest rates, increased...

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Months Of Inventory (MOI) And Why Anyone Would Care

Posted on Dec 22, 2021 in How To Videos


In many market updates and real estate articles of how to figure out what is happening in the real estate industry a term comes up many a time over… That term is “Months of inventory”. Today we will explore the meaning of this metric and what its purpose is.

What is Months of Inventory (MOI)?

Months of Inventory is broken down most simply into:
The a...

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Sales Remain Up & Inventory Remains Down in Vancouver

Posted on Dec 08, 2021



Winding up the end of 2021 the demand from home buyers remains well above the supply of homes for sale in Metro Vancouver

Sales of homes in the Greater Vancouver region reached a total of 3,428 in November as reported by the Real Estate Board of Greater Vancouver. This is an 11.9% increase from that of 2020 and 1.9% decrease from October 2021 in whi...

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Few Homes Lead To Heavier Competition For Buyers

Posted on Nov 15, 2021



While the sales activity has remained above the historical average, the supply of homes has continued to drop to levels that haven’t been seen in 3 years.

Home sale activity continues to outpace what’s typical for this time of year and the pool of homes available for sale is in decline. This dynamic between supply and demand is causing home prices...

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Sales activity quickly eating up supply of homes for purchase in Vancouver

Posted on Oct 06, 2021



Reports from the Real Estate Board of Greater Vancouver (REBGV) show that regional home sales reached a total of 3,149 in September of this year. This is a 13.6% decrease from September of 2020 and a 0.1% decrease from August 2021. The sales for September 2021 were 20.8% above the 10-year sales average for the month.
There were 5,171 newly listed ho...

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