June 2020 Vancouver Real Estate Market Report

05 Jul

Despite the current economic uncertainty of COVID 19, Vancouver’s Real Estate market continues to show up. The Real Estate Board of Greater Vancouver recently released its monthly market report for the month of June 2020. REBGV report stated that residential home sales in Vancouver reached 2,443 in June 2020. This represent a 17.6 percent increase compared to the 2,077 sales…

August 2020 Vancouver Real Estate Market Report

02 Sep

Vancouver’s Real Estate market continues to show up despite Covid pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residentialhomesales in the region totalled3,047inAugust 2020, a36.6per centincreasefrom the2,231sales recorded inAugust 2019, anda2.6per centdecreasefrom the3,128homes sold inJuly 2020. “People who put their home buying and selling plans on hold in the spring have been returning to the market throughout…

Property Management from a Property Manager’s Perspective

31 Aug

There has been much written on BiggerPockets recently about property management – Do you use a professional property manager? Should you use a professional property manager? What do they do? Are they worth it? I’d like to discuss who we are as property managers, what property managers should offer, and why I think property management services can be of huge benefit to real…

Habitat

28 Aug

Habitat is a new condo development by Porte Communities , Hudson Morris and fabric living currently in preconstruction at 2520 Guelph Street, Vancouver. The development is scheduled for completion in 2022. Habitat has a total of 70 units. Habitat Details Website: lifeathabitat.comBuilding Address: 2520 Guelph Street, Vancouver, BC Building Type: CondoOwnership: CondominiumSelling Status:  Registration Sales Started: 2018Construction Status:  Preconstruction Construction Started: Winter/Spring 2021 Estimated Completion: Fall/Winter 2022Builder(s): Porte Communities , Hudson Morris and fabric living Architect(s):  FormosisCeilings: –Interior Designer(s): Cristina…

Main & Twentieth

28 Aug

Main & Twentieth is a new condo developmentbyLanda Global Propertiesat 209 East 20th Avenue,Vancouver. The development was completed in 2020. Sales for available units range in price from $710,900 to $915,900.Main & Twentieth has a total of 42 units. Sizes range from 631 to 876 square feet. Main & Twentieth Details Website:landaglobal.com Building Address: 209 East 20th Avenue, Vancouver,BC Building Type:CondoOwnership: CondominiumSellingStatus: SellingSales…

What you should know as a landlord about unpaid rent

28 Aug

During these challenging and often confusing times, many Canadians have struggled with the payment of their rent. To address this crisis the government of British Columbia has set the rules on how to deal with the unpaid rent that every landlord should be familiar with. Here are the answers to the questions landlords have been asking: Can I end the…

Owner Occupied or Non Owner Occupied Rental Property

31 Jul

The Pros and Cons of Owner-occupied and Non-owner occupied Rentals Owner – occupied rental or non owner occupied rental? Investing in real estate has a range of great benefits. It is, classically, an investment. Along with text benefits and (hopefully) the property value steadily increasing, the idea of investing in a property has a wide appeal. Before doing so, it’s…

BUYING A TENANT OCCUPIED PROPERTY

25 Jul

Tips Before Buying a Rental Property If you are in the market for buying a house for yourself or to turn into your own property for rent or sale, there are factors that can change the process. Houses with tenants are one of those factors. Consider some of these tips before you attempt to buy a tenant-occupied house. I. RIGHTS…

Considerations to Make Before Investing in Property

22 Jul

5 Factors to Consider Before Investing in Property There are a multiplicity of reasons people might invest in property: cash flow, tax deductions, real estate leverage, and hopefully, a steady increase in the property’s value. Below are 5 things to consider before making the move. I. Are you going to be settled? This one doesn’t apply to those of you…

The 411 ON OWNING RENTAL PROPERTY

18 Jul

Owning and Running a Rental Property There seems to be an ongoing conversation about how owning and running a rental is a great way to invest money. And really, what is not to like about it? You invest in something that you rent out and it practically pays for itself. Indeed, owning real estate to rent out remains a great…

TOP 5 REALITIES OF BEING A LANDLORD

15 Jul

Understanding the realities of becoming a landlord YOUR GUIDE TO INVESTMENT PROPERTY. There are lots of things to like about being a landlord. After all, what is better than owning property and having that property provide you an income? Indeed, this is something that a lot of people aspire to but while you are busy dreaming, there are some realities…

5 Good Reasons to Invest in Real Estate in 2020

12 Jul

Vancouver Real Estate is still the best investment today! Despite a bumpy 2019 for the housing market in Vancouver followed by a very challenging start to 2020, the housing market prospects are looking surprisingly good. It is, in fact an excellent time to buy. It’s a buyer’s market, rates are stable and there are attractive incentives for buyers looking to…

5 Big Home Improvements that Add to Resale Value

09 Jul

Here are the top 5 home updates that will add to resale value Sprucing up your home in order to boost its value is a wise investment, and just like restoring vehicles, can lead to a profitable payoff when you are ready to move. These 5 improvements are popular in the market right now, and well worth the investment of…

SELLING TENANT OCCUPIED PROPERTY: 5 Ways to Make Selling Tenant Occupied Homes Easier

06 Jul

Your Guide to Selling Tenant Occupied Homes in BC Selling a tenant-occupied home is generally more difficult than selling an unoccupied home because you are dealing with people’s emotions around a threatened disruption of note. You’ll be bringing strangers into their home which will be disconcerting and inconvenient for them so you really need to get them on board with…

BC Government extends rental supplement and moratorium of rent increases, but other eviction rules will be changing soon!

30 Jun

People who have already been approved for the TRS don’t need to reapply, unless they’ll be living at a different rental property before August 31st. They will receive an email to confirm if the residential address will be the same through July and August. New applications will be accepted until the end of August and will be effective from the…

Condo Crisis? Analyst warns of massive Metro Vancouver presale drop-off

30 Jun

Real estate market analyst is calling attention to the plummeting condo and townhouse presales For a while, BC’s condo market future was burning bright. Now, it would seem that the fire has been extinguished. An ABC real estate market analyst is calling attention to the plummeting condo and townhouse presales. The feeling that something was happening was palpable but they…

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