May 2019

Found 4 blog entries for May 2019.

Real estate can be a tremendous investment opportunity. And for those who are in for the long run, rental properties really can’t be beat.  But when it comes to taking that crucial first step, most people aren’t sure where to start. 

If you’re in this boat — looking to get started with real estate but leery to dive in — don’t worry. That’s a good sign. Being careful with any investment is always a good idea, and real estate is no exception. The more prepared you are, the greater your chances of coming out on top.

If you are thinking about investing in real estate, here are 10 considerations to help you to get off to a great start.

1. Get Your Finances In Order

Before you take the plunge, take stock of your financial situation. Is there

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view of Vancouver city from the top

Canadian real estate markets are cooling down in almost every region. Canadian Real Estate Association (CREA) numbers show the price of a typical (a.k.a. benchmark) home fell in April 2019. Despite some large annual growth in a few markets, only 3 real estate markets are printing new highs.

Canadian Real Estate Prices Are Down Less Than A Point

The price of a typical home across Canada barely moved from last year. The national benchmark price fell to $621,700 in April, down 0.34% from last year. Prices are now down 1.49% from the all-time peak. The annual decline was due largely to weakness across Western Canada. Prices remained close to peak due to only three real estate markets. All three underperformed the national benchmark, but brought the

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The B.C. Real Estate Association (BCREA) reports residential home sales in the province in April were down 18.9 per cent from the same month last year.

And the average price fell 6.2 per cent, to $685,304.

BCREA Chief Economist Cameron Muir says home sales were essentially unchanged from March, and he says prospective home buyers continue to deal with the decline in their purchasing power caused by federal government changes to mortgage rules.

Year-to-date, the number of homes sold is down 24.5 per cent, compared to the same period in 2018.

Total active listings increased 33.6 per cent to 38,672 units, compared to the same month last year.

Earlier this month, the Real Estate Board of Greater Vancouver said regional sales dipped in April

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Canada’s most expensive real estate market continues its downward spiral. Real Estate Board of Greater Vancouver (REBGV) numbers show prices printed another month of declines April. Price declines were largely due to rising inventory, and the fewest sales for the month in almost two decades.

Greater Vancouver Real Estate Prices Are Still Falling

The price of a home in Greater Vancouver is getting more affordable every month. The REBGV benchmark price of a “typical” home fell to $1,008,400 in April, down 8.5% from last year. In the city proper, Vancouver West fell to $1,225,000, down 10.7% lower than last year. Vancouver East fell to $1,016,000, down 8.8% from last year. Prices may be falling, but this is still the most expensive market in the

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