November Market Update
Posted on Nov 30, 2012
"Economic growth is forecast to be slightly stronger in 2013 than in 2012, reflecting increased non-residential investment and consumer spending partly offset by a weaker global outlook. Domestic factors in British Columbia, including population growth and continued low mortgage interest rates, remain supportive of the housing market."
source: CMHC...
source: CMHC...
This is why you should buy now...
Posted on Nov 06, 2012
According to the "Housing Market Outlook" released by CMHC this month, BC will remain a buyers' market, but not for long, and here's why:
- Housing starts are forecast to rise modestly in 2013 as the economy and job growth improve relative to the 2012 outlook.
- Buyers' market condition emerged in mid-2012, however, balanced markets are expected to retu...
Small Spaces can feel like big spaces
Posted on Oct 17, 2012
Are you working with a small space? Worry not! My tips and tricks of working with a less-than-mansion-sized-home will have your space feeling roomy and spacious in no time.
1. Wrap the wall color onto the ceiling
Visually minimizing the separation from wall to ceiling creates the illusion of more space, but not just any colour will do! A slightly li...
1. Wrap the wall color onto the ceiling
Visually minimizing the separation from wall to ceiling creates the illusion of more space, but not just any colour will do! A slightly li...
It’s back to school time, get organized!
Posted on Sep 05, 2012
Here are my top ten ways to get organized:
1. Use a family calendar
Keep everything centralized in one place. Or, if you don’t have a family yet, use your google calend...
Apartment valuations soar in Vancouver
Posted on Aug 13, 2012
Capitalization rates — the ratio between the annual operating income and the value of a property — have dropped to as low as 2.5% on some deals in BC, good news for investors.
The lower the cap rate, the more income-generating the property is.
So why are cap rates on the decline?
Borrowing costs have never been lower. Backed by government-owned Cana...
The lower the cap rate, the more income-generating the property is.
So why are cap rates on the decline?
Borrowing costs have never been lower. Backed by government-owned Cana...
It's a buyer's market, or is it?
Posted on Jul 19, 2012
A buyer’s market is loosely defined as a market condition in which supply exceeds demand. By that definition, we are in a buyer’s market. The number of residential property sales in Metro Vancouver hit a 10-year low in June, prompting the Real Estate Board of Greater Vancouver to declare a buyers' market (source).
But is the media hysteria really ne...
But is the media hysteria really ne...