Monthly Real Estate Market Report – May 2024

In May 2024, Metro Vancouver saw a surge in new property listings, with a total of 6,374 detached, attached, and apartment properties listed on the MLS®. This marked a significant 12.6 % increase from the previous year’s 5,661 listings. Despite this surge, sales for the month of May saw a 19.9 per cent decrease from the 3,411 sales recorded in May 2023. … Read more

How Long Can A Landlord Leave You Without An Oven?

As a tenant, there are certain expectations that come with renting a property, and one of those expectations is having a working oven. Unfortunately, not all landlords take their responsibility seriously, and some may leave their tenants without a functioning oven for an extended period of time. This can be incredibly frustrating and even dangerous … Read more

What Is Underwriting In Real Estate?

As the real estate industry grows and becomes more complex, there are numerous terms and concepts that can be confusing for those new to the business. One such term is underwriting. Underwriting is an essential aspect of real estate that is often overlooked but plays a critical role in determining the success of a real … Read more

How To Find Investors For Real Estate?

Real estate is a lucrative business that has become increasingly popular over the years, with many investors looking to make a killing in the market. However, finding the right investors can be a daunting task, especially for those new to the industry. Whether you are looking for seed funding, joint ventures, or private equity, the … Read more

Monthly Real Estate Market Report – February 2024

In January, home sellers in Metro Vancouver were not very active. However, in February, new listings increased by 31 percent when compared to the same period last year. This resulted in a significant number of newly listed properties being available in the market. According to Greater Vancouver REALTORS® (GVR) report, there were 2,070 residential sales … Read more

Monthly Rental Market Report – January 2024

After three consecutive decreases, Metro Vancouver has seen an increase in average rent prices this January. The latest data reveals a noteworthy uptick, with the average monthly rent price for an unfurnished, one-bedroom unit climbing by $26 to reach a new average of $2,367. This marks a significant shift since January 2023, reflecting an overall … Read more

Monthly Real Estate Market Report – December 2023

This December saw a total of 1,345 residential sales, a 3.2 percent increase from the 1,303 sales recorded in December 2022. Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2023 is 16 percent. “You could miss it by just looking at the year-end totals, but 2023 was a strong … Read more