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Dec 2020 REBGV Stats Graph

December 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

 Metro Vancouver housing market shows resilience in 2020 VANCOUVER, BC – January 5, 2021 – Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018. Last year’s sales total was 2.8 per cent below the 10-year sales average. “When the pandemic began in March, the housing…

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‘Hot Areas to Invest in Vancouver’ December Webinar

 Hot Areas to Invest in Vancouver December 17, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update Real estate in Vancouver is doing very well. November sales are up 24.6% above the 10-year average. Only twice in the past 10 years has this actually happened. Analysts are predicting sales prices will go down when the sales-to-listing ratio (sales divided by listings) is below 12. The higher the number, the greater the upward pressure on prices. Right now in Vancouver, we’re at 27.9% for detached homes, 40% for…

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Nov 2020 REBGV Stats Graph

November 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

 November home sales outpace seasonal norms and long-term averages Vancouver, B.C. – December 2, 2020 – Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sales recorded in November 2019, and a 16.9 per cent decrease from the 3,687 homes sold in October 2020. Last month’s sales were 24.6 per cent above the 10-year November sales average and…

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Stocks vs. Real Estate in Vancouver – November Webinar

 Stocks vs. Real Estate   What are the pros and cons of stocks vs. real estate? Which is the better investment, and where should our money be? It really depends on your time frame, initial capital (you need significantly more money to invest in real estate), and knowledge base (are you good at researching stocks or do you pass things over to an advisor? Do you come from a background of managing or researching good quality real estate?)    REAL ESTATE STOCKS PROS Real estate has long term stability, can be leveraged (especially if you don’t have, say, $500,000…

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‘Hot Areas To Invest In Vancouver’ October Webinar

 Hot Areas to Invest in Vancouver October 15, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca This Vancouver real estate stats report from Mike and his team shows a dramatic increase in average price in September 2019 compared to September 2020 at 13.9%. This is an average across different pieces of real estate but active sales listings’ average has declined. What is your opinion on these statistics? It’s been interesting. If you’ve been listening to our previous episodes, you’ll know that the Bank of Canada and Federal Government…

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Non-Resident Canadian Citizens Buying and Owning Residential Property in Vancouver and British Columbia – End Users & Investors

 Sign up to hear about BC property opportunities What we are going to discuss  We are going to discuss the process of buying and owning residential properties in Vancouver and British Columbia, for Canadian citizens who are end users and for investors who are non-residents of Canada. We’ll also talk about the process to rent out properties before moving in or to keep them as investments, along with taxation. What we are not going to discuss: We are not going into minute detail on tax, renting, and purchasing as we’re talking about an entire province with a lot of…

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REBGV September 2020 Stats Graph

September 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

  Metro Vancouver home sales and listings surge in September VANCOUVER, BC – October 2, 2020 – Home sale and new listing activity reached record levels in Metro Vancouver* in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. Last month’s sales were 44.8 per cent above the 10-year September sales average and is the highest total on record…

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What Not To Do When Selling Your Home

What increases home value the least? Leaving a property in a dirty or messy state can greatly impact the value of your property. Avoid imagery or things in your home that are controversial, polarizing, or explicitly religious, sexual, or political, as they can decrease home value. Things to avoid when it comes to: Window coverings. Avoid heavy, dark window coverings (roller blinds are better as they make spaces feel larger). The large, heavy baroque circa 1970s window coverings with big valences are outdated and should be upgraded. Paint. Avoid bright, polarizing, or extreme colours like black, red, or dark blue.…

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‘Hot Areas to Invest in Vancouver’ September Webinar

 Hot Areas to Invest in Vancouver September 10, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca We’ve seen a dramatic increase in prices from this time last year. Email Mike to get the full report.  It shows the median detached house price in Burnaby a year ago was $1.457 million, and today it’s $1.56 million. Condos have also gone up. North Vancouver has similar numbers. A couple of numbers are flat but median detached houses have gone up. West and East Vancouver are the same. Last month sales…

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Increasing Your Return On Investment

What is the best way to increase home value? For condos, the first and most basic thing you can do to increase home value and sell your place is, at the very least, have the property in its original operating condition when it was new. The walls should be free of nicks, clean, and freshly painted. Beyond this, you want a look that avoids appealing to just a small niche. Here are some things that can be done to appeal to a broad audience and increase your property’s value: New appliances. If you have an older unit, installing new appliances…

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REBGV Stats Graph Aug 2020

August 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

  Home sale and listing activity continues to increase in August VANCOUVER, BC – September 2, 2020 – Home buyers and sellers remained active across Metro Vancouver* in August, with home sale and new listing activity outpacing the region’s historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020. Last month’s sales were 19.9 per cent above the 10-year…

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