Some of my clients have been asking me if I have been seeing more foreclosures in our market place. Some have also been curious as to what I think about foreclosures as a vehicle to potentially buy property for less than market value. To better engage in this conversation I feel that it is important…
Navigating the Canadian real estate market in 2025 is no simple feat. Whether you’re a first-time buyer or a homeowner preparing to sell, this year presents unique challenges and opportunities shaped by economic recovery, technological advancements, and evolving buyer preferences. Here, we break down the key strategies to help you succeed—from securing financing and leveraging…
Overcoming Barriers to Homeownership For many newcomers and first-time buyers, the barriers to homeownership can seem insurmountable: lack of credit history, limited savings for a down payment, and unfamiliarity with the real estate process. But with the right knowledge and resources, these challenges can be overcome. Programs like Rent-to-Own Options and Down Payment Assistance Programs are game-changers, especially for…
Navigating Vancouver’s housing market can feel like solving a Rubik’s Cube in the dark. With high home prices and rising rents, many people wrestle with one of life’s biggest financial questions: Should I rent or buy? While there’s no universal answer, understanding the pros and cons of each can help you make an informed decision. The Case…
When you’re buying your next home after selling your current one, timing is everything. It’s the difference between a smooth handoff—and scrambling to find a place to stay in between. That’s why creating a clear moving timeline is so important. With the right plan, you can avoid unnecessary stress, minimize costs, and make your transition…
Posted April 30, 2025 4:15 pm. Last Updated April 30, 2025 4:16 pm. The B.C. housing market is softening, with buyers pulling back on sales due to concerns around the Canadian economy and the U.S. trade war. The BC Real Estate Association released its 2025 second quarter housing forecast Wednesday. The association says it expected a strong 2025 for sales, but that hasn’t happened. Chief Economist Brendon Ogmundson says buyers have pulled back in the first quarter of the year. “We were expecting something close to a normal year. So that would be around 85,000 sales. Instead, we’re running 20 to 25 per cent below that pace. So sales have really, really come off. Buyers just don’t have a lot of confidence right now because of all that uncertainty,” said Ogmundson. He says the inventory of homes has reached the highest level in about a decade. “And that means lots of choice for buyers, lots of time for buyers — not a whole lot of urgency. Sellers are also not in a hurry to lower their prices,” he explained. But Ogmundson explains that increased supply hasn’t done much to change prices. “[Sellers] seem very, very patient, so we’re not seeing a whole lot of movement on the price side. Prices have been essentially flat for the past 18 months — down a little bit in more expensive markets, Fraser Valley and Vancouver, but down by [around] one to two per cent.” He says B.C. has “all the ingredients” for a much stronger market, and sales were up in the last quarter of last year. “And now, suddenly, they aren’t. The only thing you can really see that’s changed is a lot of uncertainty about the future of the economy.” —With files from Sonia Aslam
Real Estate Market Report for March 2025 Home sales registered on the MLS® in Metro Vancouver for March were the lowest since 2019 for the same month, while active listings continued their upward trend. Sales The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 percent…
Key Updates 1. 30-Year Amortizations 2. Higher Price Cap 3. Newly Built Homes Focus • Homes must be owner-occupied and not previously used for residential purposes. What This Means for You
Buying a house is no small feat. It is one of the biggest and most important purchases that you can make in your lifetime, meaning it is important to get it right. What really makes the process a success is if you are able to move into a home you can see yourself living-in, while…
There are four main incentive programs for first-time home buyers in Canada: Land transfer tax rebates, which rebate some or all of your land transfer tax. Some municipalities have down payment assistance programs (DPAPs) for first-time homebuyers. The Home Buyers’ Plan which allows you to withdraw up to $60,000 (since April 16, 2024) from your Registered Retirement Savings Plan (RRSP) without…