Real Estate Blog

Canada's housing market has seen some of the world's slowest price growth, but that's already changing.

A global housing slowdown is taking place, and Canada is nearing the very bottom of it.

Canada placed 49th out of 56 national housing markets included in the Knight Frank Global House Price Index, which ranks countries by annual home price changes each quarter.

In the second quarter, Canadian home prices were up only 0.5 per cent compared to the same period last year, according to Knight Frank, a property consultancy headquartered in the U.K.

Poland, which saw prices rise 0.4 per cent on a year-over-year basis, and Brazil and Switzerland, where prices climbed 0.2 per cent, were the only markets that placed lower than Canada while posting

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Residential real estate investment trusts (REITs) are leading the REIT sector this year and apparently see opportunity in the Metro Vancouver market that has spooked most residential investors and developers.

The strategy of investing in income-producing residential real estate is apparently paying off. A Bloomberg surveyreleased  August 15 showed that the average year-to-date return for REITs involved in the residential sector was 18.6 per cent, blowing past projections of 6 per cent year-over-year yields  for the entire REIT sector.

One of the big movers was Vancouver-based Pure Multi-Family REIT, which specializes in high-end rental apartment properties in the U.S. Sunbelt. Formed a decade ago, Pure Multi-Family REIT was sold in July for $1.5

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A new year means new opportunities. It’s the perfect time to look at your business with fresh eyes, try new initiatives, and find ways to build your business over the next year and beyond. We’ve put together five marketing ideas for real estate agents in 2019. Read on to see how and why to incorporate these ideas into your marketing strategy.

1. Find what makes you stand out

Figuring out what makes you unique is the first in our list of marketing ideas for real estate agents in 2019. When you’re dealing with a competitive industry like real estate, finding something to make you stand out is important. Do you find yourself describing yourself a certain way, or do others always add the same interesting tidbit when they introduce you? Do you have a

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Greater Vancouver real estate is improving, but it’s not even close to normal yet. Real Estate Board of Greater Vancouver (REBGV) numbers show a big climb in sales in August. The rise in sales was met with a jump in inventory though, offsetting most of the improvement. The region continued to see falling prices, with the composite falling more than 10% from peak for the first time since the recent downturn.

Greater Vancouver Real Estate Prices Enter Technical Correction

Greater Vancouver real estate prices continue to fall, according to the local board’s benchmark price. REBGV reports the benchmark, or typical, home cost $993,300 in August, down 8.3% from last year. In the City proper, Vancouver East saw the benchmark fall to $1,033,400, down

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Total home transactions across province expected to rise 11 per cent versus 2019, with average sale prices also predicted to increase in every area

Although every region in B.C. is expected to see lower home sales in 2019 than in 2018, sales will more than recover in 2020, according to a September 5 forecast by the British Columbia Real Estate Association (BCREA).

Overall in 2019, residential transactions across the province are predicted to be five per cent lower, at about 75,000 units, than the 78,505 sales of 2018. Every one of B.C.’s 12 boards is expected to report a year-over-year decline in total sales across 2019, with drops ranging from one to 14 per cent 

However, BCREA forecasted that every board will see considerable sales jumps in

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Strata deals account for more than half of transactions in ultra-tight industrial sector

Projects where space is sold – not leased – are dominating Metro Vancouver’s industrial market for the first time as property transactions fall sharply from the record investment levels of 2018.

In the first six months of this year, industrial investment struggled to reach $272 million, and it “will likely fall far short of its five-year average,” according to JLL and Altus Group.

The slide began in the first quarter, with a 54 per cent plunge in industrial transactions compared with the record-setting pace seen in the fourth quarter of 2018.

But the bigger story is the transformation of industrial into a strata market as tenants seek shelter from a

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Simply stated, when investing in real estate, the goal is to put money to work today and allow it to increase so that you have more money in the future. The profit, or "return," you make on your real estate investments must be enough to cover the risk you take, taxes you pay, and the costs of owning the real estate investment such as utilities, regular maintenance, and insurance.

Real estate investing really can be as conceptually simple as playing monopoly when you understand the basic factors of the investment, economics, and risk. To win, you buy properties, avoid bankruptcy, and generate rent so that you can buy even more properties. However, keep in mind that "simple" doesn't mean "easy." If you make a mistake,

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If you’re looking to buy or sell a home, there’s no shortage of representation. But the only way to tell if an agent is right for you is to ask some hard questions.

If you’re looking to buy or sell a home, chances are you’ll want to work with a real estate agent—and there’s no shortage of ways to find one! Perhaps you know a family friend, have a newly licensed college buddy, or spotted a face on the side of a bus. Regardless of how you connected, though, the selection process for your broker or salesperson shouldn’t end there. 

It’s crucial, when making an investment as emotionally and financially fraught as a real estate transaction, to thoroughly vet your representation—but many people don’t, says Kelvin Kucey, deputy registrar of Regulatory

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image of a man and a woman talking in front of each other with a black background

Some in the real estate industry say they've seen a spike in interest from Chinese buyers in the past 60 days

 

The fallout from Hong Kong residents’ months-long clash with China’s government could put further pressure on the real estate markets of Vancouver and Toronto, as well-heeled expatriates and new Chinese immigrants seek safety in Canada, say market observers.

“Yesterday, we had a listing where three different groups came in on a bus, they were all touring homes in Metro Vancouver and they were all from Hong Kong,” Adil Dinani, a Royal LePage real estate adviser based in Vancouver, said last week. “They’re very keen to bring capital over as the situation in Hong Kong worsens.”

Dinani has noticed a spike in interest from

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Think fast. On the playground you heard that and knew a surprise ball was headed your way. The challenge: to respond in time to catch it. Fast-forward to today’s business world. The ability to think fast is vital there, too—that is, if you want a fast-paced, challenging career.

For Trevor Heselton, a recent graduate of BCIT’s School of Business Professional Real Estate Program, the choice was always going to be the swift over the slow. And for him that could only mean one career: real estate. “What drove me to the profession is that we live in a city where real estate will always be one of the biggest and fastest-paced industries, which means both job security as well as a dynamic, always-learning environment.”

Now a Development

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