Real Estate Blog

 

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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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Commercial real estate lawyers are seeing a growing business in international property purchases as large investors exhaust their domestic interests and look further afield in a world that is becoming increasingly smaller.

Thomas von Hahn, a partner at Blake Cassels & Graydon LLP in Toronto, points to an increasing trend with Canadian pension funds investing in property in Europe and North America, as well as Asia. While funds have been increasing their focus in property investment, often creating real estate sections to oversee their management, they’ve been looking further afield more recently. In fact, during the first four months of 2019, Blakes has seen more real estate action involving pension funds than ever before, says von Hahn.

“It

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Our office has a new look, and we couldn't be more proud!  

The real estate market doesn't stop, regardless of the location; As one of the most recognized real estate in the world, Century 21 Vancouver could not stay out of this trend.

From the front of the office to the inside, you will see our new brand all over our office.

Proudly to be one of the most prominent offices in BC, Century 21 Vancouver is always on top of real estate trends and news

Always looking for growth, Century 21 Vancouver is always hiring new realtors and providing the best and most updated technologies in the market.

 

Come visit us and check the new look!

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image of woman with suit looking at a camera holding a binder, behind you see couple looking at a house as if wondering if they should buy it

 

There are right ways and wrong ways to buy a home. The latter of which will cost you a lot of unnecessary money, stress, and frustration. Use best practices, however — as offered by real estate experts below — and you'll walk away a winner with a smile on your face and cash still in your bank account.

 

1. Research agents before choosing one

Selecting the right real estate agent can make all the difference when it comes to finding your dream home and negotiating the best price. Carlos Miramontez, vice president of mortgage lending at a California credit union, offers a few pointers on narrowing down the agent pool.

"Doing your research upfront can help you make a wise decision and choose a well-qualified real estate agent who's right

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Abbotsford strata surge

Six new projects planned for West Abbotsford will boost the amount of strata industrial space in the local market by nearly 80%, according to Frontline Real Estate Services Ltd.

The largest of the lot is Beedie’s Mason Corporate Centre at just shy of 168,000 square feet. Smaller projects include Martini Construction Ltd.’s Foy Business Centre and Bartek Construction Ltd.’s Mt. Lehman Business Centre.

All told, the projects total nearly 650,000 square feet and represent the first addition of strata space to the West Abbotsford market since 2009. (West Abbotsford is the area between Mount Lehman and Clearbrook Road.) This will increase the strata industrial space in the area to 1.45 million square feet by 2021, up from

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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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