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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 Rental Market Report- February 2023

Metro Vancouver is an area with a wide range of rental rates. For example, West Vancouver had the highest prices for one, two and three-bedroom homes, both furnished and unfurnished, in consecutive months, while North Vancouver had the highest prices for furnished units. On the other hand, Coquitlam had the least expensive one-bedroom furnished units … Read more

Monthly Real Estate Market Report – February 2023

Recent data from February indicates that many potential sellers in Metro Vancouver still hesitate to participate in the local real estate market, leading to a below-average number of transactions. This lack of engagement has caused inventory levels in the region to increase slightly compared to previous years. This trend towards reduced activity is far from … Read more

Monthly Real Estate Market Report – January 2023

Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 percent decrease from the 2,285 sales recorded in January 2022, and a 21.1 percent decrease … Read more

Monthly Rental Market Report – January 2023

This upward trend we’ve been experiencing in rent prices in and around Metro Vancouver is not expected to continue. With the Bank of Canada’s interest rate increases slowing down, rental prices could potentially decrease as well. Since January 2022, the average rent for an unfurnished, one-bedroom apartment has increased by $430. This is an unprecedented … Read more

Real Estate Investment and Property Management: Are They The Same?

Have you ever considered investing in real estate, but weren’t sure where to start? Or maybe you have a few properties and are considering hiring a property management company to help you keep things running smoothly. Either way, this blog post is for you! We’ll give you an overview of what real estate investing entails, … Read more

Monthly Rental Market Report – December 2022

After months of skyrocketing rental prices in Metro Vancouver, renters finally experienced some relief in December. For only the second time in 2022, an average drop of $90 has been recorded. The average monthly rate for unfurnished one-bedroom units rested at a more manageable $2,227, just in time for the traditionally slow winter season.

Monthly Market Report – November 2022

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52.9 per cent decrease from the 3,428 sales recorded … Read more

Monthly Rental Market Report – November 2022

November sees yet another month-to-month average price increase in Metro Vancouver. From October to November 2022, the region-wide average rent increased by $61 to a new average of $2,317 per month for an unfurnished, one-bedroom unit. This marks yet another yearly high and brings prices well above the $2,300 mark, with some cities posting even … Read more

Monthly Market Report – October 2022

Home sale activity across the Metro Vancouver* housing market continued to trend well below historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 … Read more

Monthly Rental Market Report – October 10, 2022

October sees Metro Vancouver’s average rent prices continuing to rise, albeit just barely. As the dust settles following the busy summer renting season, we’re starting to see rent prices settle in once again, just above the $2,250 mark. Between September and October 2022, Metro Vancouver’s average rent climbed just $9, from $2,247 to $2,256 this … Read more

Monthly Market Report – September 2022

Home sellers were more active in Metro Vancouver’s* housing market in September while home buyer demand remained below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September … Read more