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Friday, May 24, 2024

Buying a second home: How it works in Canada

Here’s what home owners and investors should know about the rules, financing options and tax implications of buying a second property...

https://www.moneysense.ca/spend/real-estate/buying-a-second-home-how-it-works-in-canada/

Friday, May 10, 2024

Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April.

The Fraser Valley Real Estate Board recorded 1,471 transactions on its Multiple Listings Service® (MLS®) in April, up 5 per cent from March, but off by 5 per cent compared to April 2023... 


April stats:



Friday, May 03, 2024

Inventory reaches highest level since the pandemic summer of 2020

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

Greater Vancouver REALTORS® (GVR) reports that residential sales3 in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223)...


April stats:


Wednesday, May 01, 2024

To-Dos: Your May Home Checklist

From scheduling house painting to organizing your outdoor cooking tools, tick these 12 items off your to-do list so you can get to the good stuff: hanging out around the grill, kicking back on the porch and savoring the season...

https://www.houzz.com/magazine/to-dos-your-may-home-checklist-stsetivw-vs~64735095

Thursday, April 11, 2024

March home sales growth off last month’s pace, but supply still building in the Fraser Valley

Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years.

However, March sales were slower than anticipated with 1,395 transactions recorded on the Fraser Valley Real Estate Board’s Multiple Listings Service® (MLS®), a 13 per cent increase over February, but still 31 per cent below the 10-year average. Sales were the second lowest recorded for a March in a decade. Active listings were 6,197, up by 11 per cent over last month and by 37 per cent over March 2023...


March stats:


Thursday, April 04, 2024

Increased seller activity is giving buyers more choice this spring

The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023...


March stats:


Tuesday, April 02, 2024

To-Dos: Your April Home Checklist

With lengthening days and milder temperatures in many parts of the country, April is a wonderful time to freshen up the home inside and out...




Saturday, March 09, 2024

Sales, listings continue to pick up heading into spring

Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average. 

The Fraser Valley Real Estate Board recorded 1,235 transactions on its Multiple Listing Service® (MLS®) in February, a 32 per cent increase over January but still 21 per cent below the 10-year average for sales in the region. New listings increased to 2,797 in February, up 18 per cent from January and 4 per cent above the 10-year average...


February stats:


Monday, March 04, 2024

Home sellers active, bring much-needed inventory to housing market

While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February 2023...


February stats:




Photo courtesy of TOURISM VANCOUVER

Photo courtesy of TOURISM RICHMOND

Photo courtesy of CITY OF BURNABY

Photo courtesy of TOURISM NEW WESTMINSTER

Photo courtesy of CITY OF SURREY