04Jun

Vancouver Real Estate: Single-Family Homes On Verge Of Price Correction, Realty Board Warns

The city is seeing a surge in supply [Source: HuffPost - June 4, 2018] VANCOUVER — Home sales across Metro Vancouver tumbled last month, when compared with May 2017, and the Real Estate Board of Greater Vancouver says that raises the potential of lower prices for some types of homes. The board says 2,833 properties sold in its region in May, a 35.1 per cent plunge from sales recorded in the same time last year, although May's sales were up nearly 10 [...]

British Columbia, Vancouver Real Estate
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02Jun

Five reasons to stage your home before buyers visit

[Source: Myedmondsnews -May 23, 2018] Sellers seem to have mixed reactions when they hear the word “staging.” Some go all-in, while others are somewhat resistant to the idea. The more reluctant homeowners ask questions like: Why would anyone bother staging a home before selling it? It sounds like a lot of extra work for me. What do I get out of it? There’s a simple answer to these questions. By staging your home effectively, you have a better chance of selling [...]

Home Design + Decor, Vancouver Real Estate
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02Jun

The pros and cons of reverse mortgages

[Source: CTV -May 28, 2018] With the high value of real estate, many people have a lot of equity in their properties, making them house rich and cash poor. That may have some retirees considering a reverse mortgage to help make ends meet. But experts say you should make sure you understand the pros and cons of this type of loan before making a decision. If you’re over 55 years old you may qualify for a reverse mortgage if you have [...]

Mortgage Education Centre
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02Jun

These are the trends to look for in Vancouver’s housing market this summer

[Source: BuzzBuzzNews - May 23, 2018] As the weather warms up, industry experts agree that home sales and prices will continue cooling in Metro Vancouver as the market adjusts to stricter mortgage regulations and new BC housing policies. “It’s a lot for the market to adjust to and it could take a little bit longer for the market to adjust to those measures,” RBC Senior Economist Robert Hogue tells BuzzBuzzNews. Since February, year-over-year home sales have been declining in Metro Vancouver. In [...]

British Columbia, Economic Outlook, Vancouver Real Estate
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