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Greater Vancouver at lower end of balanced housing market

Posted on February 17, 2012 by Adam Scalena

Greater Vancouver at lower end of balanced housing market

REBGV Stats Package January 2012

VANCOUVER, B.C. – November 2, 2011 – With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years. Continue reading →

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November 2011 REBGV Stats Package

Posted on December 2, 2011 by Adam Scalena
November 2011-rebgv-stats-adam scalena

The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attachedand apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This repre-sents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the2,317 sales recorded in October 2011. Continue reading →

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8 Advantages of Buying a Condominium in Downtown Vancouver!

Posted on November 3, 2011 by Adam Scalena

8 Advantages of Buying a Condominium in Downtown Vancouver!

8. Variation

A major benefit of purchasing a condo in downtown Vancouver is variation. Residential buildings fill the downtown core and, as a result, building options are almost limitless. You will be able to choose from a wide range of prices, locations, structures, sizes, developers, and architectural features.

7. Building Amenities

Consider how building amenities can benefit your lifestyle! Would you like to swim laps in the morning? Want to work out without a gym membership? Want to sit in the steam room after a long day? These are all possibilities with condo ownership.

6. Enhanced Security

If you travel for work or spend a lot of time away from home, Vancouver condo living might help put you at ease when it comes to protecting your personal property. Many condo buildings in downtown Vancouver are extremely secure, requiring a Key Fob (a building access device) to gain access to the building, elevators, amenities, and parking and common areas. In addition, many buildings will have a 24 hour concierge or security staff member onsite. Continue reading →

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September 2011 REBGV Stats Package

Posted on October 5, 2011 by Adam Scalena
September 2011 REBGV

Home listings continue to rise in the Greater Vancouver housing market

Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.
Continue reading →

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10 Tips for Making Your Vancouver Condo Feel Larger

Posted on October 5, 2011 by Adam Scalena

10 Tips for Making Your Vancouver Condo Feel Larger

Living in a condo in Vancouver can offer so many benefits, but one concern for many new condo owners is size. If you are moving into a condo from a single-family house or a townhouse, living in a smaller space might take some getting used to. There are, however, several effective ways to make your place feel and appear larger.

10. Make boundaries disappear

Try to visually erase boundaries in each room (corners, baseboards, moldings, etc.) by using a monochromatic colour scheme. Consider painting walls and ceilings similar shades and choose a hardwood or laminate floor that’s close in value.

9. Leave windows bare
Continue reading →

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TIP #98. Use Effective Research Tools to Search for Properties in Vancouver

Posted on September 17, 2011 by Adam Scalena

Use Effective Research Tools to Search for Properties in Vancouver

Once you’ve hired a REALTOR, ask them about the excellent tools and resources they provide. Not only can your REALTOR explain how the buying process works, they will also be able to offer you tips and tricks to make the process as efficient as possible.

Tools can save you time and money!

Web-based tools, like Private Client Services (PCS), will significantly limit the amount of time you spend in the early stages of your research. PCS, for instance, allows you to set and manage a specific search criterion and receive email updates when suitable listings hit the market! It’s also updated 32-76 hours before other real estate search engines, like Realtor.ca or MLS.ca, so you will usually have a head start on other buyers!
Continue reading →

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Top 10 Reasons to Use a Buyer’s Agent in Vancouver

Posted on September 12, 2011 by Adam Scalena

How can a Buyer’s Agent help YOU?

There are several reasons to use a Buyer’s Agent, but the most important reason is to have exclusive representation for the purchase of a property.

When buyers decide to use the Seller’s Agent for representation, they must realize that they are not being represented. To be clear: the Seller’s Agent represents the best interest of the seller, not the buyer.

When considering purchasing a property, Buyers should always use a Real Estate Agent to ensure that they are represented and protected. It’s also FREE! The Buyer’s Agent is paid from the commission charged to the Seller by the Seller’s Agent.

The Top 10 Reasons YOU Should Use a Buyer’s Agent

10. Education and Experience

Chances are that you may not know everything you need to know about real estate in Vancouver, so why not hire a professional that does! In the long run, by finding the right Buyer’s Agent (with the right expertise), you will save time, money, and frustration.

9. Neighbourhood and Product Knowledge

An important first step is to understand exactly what you want in a home. A Buyer’s Agent will help you narrow down a specific criteria to ensure your needs are met based on your budget, space requirements, and areas of interest.
Continue reading →

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August 2011 REBGV Stats Package

Posted on September 2, 2011 by Adam Scalena

Greater Vancouver home sales trend toward buyers’ market over summer

August marked the third consecutive month that home sale activity in Greater Vancouver
was below the 10-year average for the month. In contrast, home listing activity
in the region has exceeded the 10-year norm every month since the beginning of
the year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential
property sales of detached, attached and apartment properties on the region’s
Multiple Listing Service® (MLS®) reached 2,378 in August. This total represents
an eight per cent increase compared to the 2,202 sales in August 2010, but also
ranks as the third lowest total for August in the last 10 years. Continue reading →

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TIP #99: Understand the Working with a REALTOR Brochure in British Columbia

Posted on August 4, 2011 by Adam Scalena


Working with a REALTOR Brochure in British Columbia

If you’ve bought or sold real estate in Vancouver, you have probably signed a “Working with a REALTOR” brochure. If you are a first-time homebuyer, this brochure should be addressed by your REALTOR in the early stages of your working relationship.

The “Working with a REALTOR” brochure explains the agency relationship between you (the principal) and your REALTOR and the collection, use, and disclosure of your personal information.

A common misconception is that by signing this document people are committed to work with the same Continue reading →

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