June 2019

Found 5 blog entries for June 2019.

Thinking of putting your house on the market? These expert tips from realtors can help you get the most for your property.

water machine

1. Choose the right renovations

Putting your house on the market? “Big-ticket items like a new roof, windows or a furnace add the most value,” says Barb Sukkau, president of the Canadian Real Estate Association Learn these five ways to winter-proof your house.

 

2. Keep it clean

If you think staged homes look impersonal, that’s the whole point—you want your buyer to imagine themselves living in your house. Be ruthlessly unsentimental about packing away knick-knacks and family photos—kill all clutter. Don’t miss this room-by-room guide to decluttering your home.

3. Fix little signs of wear and tear

Even

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houses in vancouver

The real estate market may have seen a slowdown in B.C.’s major cities, but the pressure on housing affordability has barely eased, according to RBC’s latest quarterly affordability report.

Taking the simple equation of average household income versus aggregate home price in each region, the bank found that Metro Vancouver was still the least-affordable housing market in the country, with Victoria coming in third, after Toronto.

In Metro Vancouver, a buyer on an average household income would need to spend 82 per cent of their income to buy an aggregate-priced home (all property types), assuming a 25 per cent down payment. From another angle, only 12 per cent of Metro Vancouverites on an average household income with no other equity (aside from

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Homeowners don't generally think about filling the shoes of a first-time home seller until they decide to buy a new home. Usually, the motivating factor is the need to move -- due to work-related issues or the needs of a growing family -- and that generally involves buying another house.

It's when the homeowners stop to consider the move that it may dawn on them, yes, because they need to sell, they are now a first-time home seller. Selling a home is very different from buying a home. Whereas buying a home generally involves emotions and feelings, selling a home typically centers on what listing agents like to call maximizing profit potential.

Price Your Home Accurately

Price your

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In the current slowing real estate market, it’s easy to read the headlines and imagine that sales are plummeting all over the region and it’s becoming a buyer’s market. But that’s not necessarily true of all areas – or all property types.

This infographic by our sister website REW.ca reveals where in Metro Vancouver has remained a strong market for real estate activity this spring – and some areas that have even remained a seller’s market.

The study of real estate activity from February to May 2019 looks at the sales-to-active-listings ratio (SAR) in each area, for all property types combined. A figure over 20 per cent indicates a seller’s market, while 12 to 20 per cent is a balanced market, and below 12 is a buyer’s market.

The study found

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vancouver protestors in front of a houseDemonstrators gather in front of the Chinese Consulate in Vancouver, on June 9, 2019, to protest against a controversial extradition law proposed by Hong Kong's pro-Beijing government. 

Real estate agents in Vancouver have noticed something unusual in the past few weeks. For the first time in recent memory, the number of Hong Kong Chinese attending open-house showings has exceeded that of mainland Chinese buyers, who have been a visible presence in the city’s real estate market over the past decade.

The people arriving at home showings in Vancouver offer a vivid example of the global dislocations under way as Hong Kong finds itself newly immersed in fear that its unique status under China’s one-country, two-systems framework is under threat.

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