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Is the Most Affordable Real Estate Investment in Metro Vancouver also the Most Profitable?

Is-the-Most-Affordable-Real-Esate-Investment-in-Metro-Vancouver-also-the-Most-Profitable

I would describe myself as a sceptical investor. It usually takes a lot of research before I am convinced. Surrey real estate convinced me. Surrey properties are currently the most affordable real estate investment in Metro Vancouver. We have been looking after a number of properties in Surrey and the prospect of owning a brand … Read more

Monthly Market Report – May 2022

After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver* this spring due, in large part, to rising interest rates. Lets see the Monthly Market Report of May 2022 The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled … Read more

Monthly Rental Market Report May 2022

May is looking to be a huge month for Metro Vancouver’s average rental prices, as prices have reached sky-high levels as we head into the peak rental season. This month, the average rent for an unfurnished, one-bedroom unit across the region has risen as much as $108 to reach an all-time-high average of $2,016 per … Read more

Rising Landlord Costs May Hike Tenants’ Rent

Despite the high rent costs for residents of Toronto and Vancouver, the ownership costs of real estate investors have only increased in recent years, causing them to still lose money. According to the owner of Butler Mortgage, Ron Butler, “it’s all about leverage” referring to rising interest rates and the slowing down of the increasing … Read more

Monthly Market Report April 2022

Homebuyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,232 in April 2022, a 34.1 percent decrease from the 4,908 sales recorded in April 2021, and a 25.6 percent decrease from the 4,344 homes … Read more

Monthly Rental Market Report April 2022

Average rental prices across Metro Vancouver have spiked once again, up yet another $52 this month. For April, the region’s average cost for an unfurnished, one-bedroom unit tops $1,900, and is now at $1,908 for the month. This sets yet another high for the area’s average rental rates, going as far back as when our … Read more

Buying Your First Home?

Strategies for Buying Your First Home Your first home purchase can be an unnerving path filled with uncertainty and doubt. Can I afford it? Am I paying too much? Will I be able to pay the mortgage? Property prices continue to rise, so buying a home for the first time may seem like an unreachable … Read more

Monthly Rental Market Report March 2022

Continuing their unrelenting upward trend, Metro Vancouver’s rental averages have climbed another $16 from February. In fact, the region has seen only one month out of the past six where prices declined in the aggregate, and that was a mere $4 drop from December to January. This month, Vancouver’s rent prices have risen even further … Read more

Monthly Market Report March 2022

While down from last year’s record numbers, home sale activity in Metro Vancouver’s* housing market remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a … Read more