October 2016

shifting market

Posted on Oct 10, 2016

Metro Vancouver home buyers and sellers face changing market dynamics in September.  To understand these dynamics lets look at four housing market indicators:
  • Sales
  • Listings
  • Sales-to-Active Listings Ratio
  • Price

2,253 homes sales were registered in September.  This is down 32.6% compared to last September and 9.6% below the 10 yr average for the month.  


Read More

what is the market like in West Vancouver & north vancouver?

Posted on Oct 05, 2016

In West Vancouver, there were 22 sales in the month of September. The sales to new listings ratio was 12% which represents a strong buyer’s market. For September 2016 the sales to total active listings percentage was 5%, a decrease from 13% in September 2015. Sales for September 2016 were down by 45 units compared to September 2015.

The West Vancou...

Read More

changing market dynamics

Posted on Oct 04, 2016

Real Estate Board of Greater Vancouver (REBGV) just released its September stats!

Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014.

Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales re...

Read More

Fall home maintenance tips!

Posted on Oct 04, 2016 in Tips

Summer has come and past, a new season is upon us and it reminds us that we must prepare ourselves for winter. 

This fall make your home maintenance life simpler with this checklist of 10 items, most are easily accomplished if you have arms and legs, others may require a professional, but all are beneficial to the extended life of your home and it’s...

Read More

changes to mortgage insurance rules & income tax proposals

Posted on Oct 03, 2016 in Mortgage misc

The Federal Government just announced today significant changes to regulations for new-government backed insured mortgages today. 

Effective October 17, 2016, all insured home buyers will have to qualify at the posted 5-year qualifying rate. This is a change from previous policy where only variable rate mortgages and mortgages with terms less than 5...

Read More