All in Real Estate
Home sellers go to great pains to show their home in the best light so buyers will pay the highest possible price. This is a guide to understanding what they’ve changed, so you can imagine what the home looks like when someone isn’t trying to sell it.
An examination of the factors at play in the Vancouver Real Estate market reveals a definitive strengthening in the factors influencing the market downward.
Prices could continue to rise but the risk of a correction has risen significantly. There is still a critical supply issue so, regardless of home prices, many more homes need to be built in Vancouver.
This video by MLA Canada, a top notch real estate marketing company, is really quite good. Only criticism is their miscalculation of how much it would take for the Metro Vancouver market to normalize.
RBC recently released their periodic Housing Health Check. It is very similar to a quarterly CMHC Housing Market Assessment, but their dashboard is more detailed in some ways. The fact that RBC, the largest Canadian mortgage lender and CMHC the largest provider of mortgage default insurance have created these early warning systems should tell you that there is real risk in the real estate market.
Buying a home is the single largest purchase you’ll ever make so it is a financial decision that should be well researched. We have distilled the home buying down to 3 stages to help walk you through the end-to-end process.
There is a lot of uncertainty in Canadian real estate markets these days. You could try to time the market, but nobody knows the best time to buy. So if you are looking for a place to call your own then take advantage of these tips to reduce your risk.
A 2017 study in the UK has found a link between renting and entrepreneurship. If you have dreams of creating the new Facebook or Apple, you may not want to jump into home ownership. Find out why.
How bad is the supply shortage? Is the market really down? Where is it likely headed? Answer these questions and more.
