From the Real Estate Board of Greater Vancouver The housing market in Metro Vancouver concluded 2023 with a state of equilibrium, concealing a narrative of unexpected resilience amid the highest borrowing costs witnessed in over a decade. According to the Real Estate Board of Greater Vancouver (REBGV), the total residential...
Author Archives: 604 Realtor
Foreclosure and Court Ordered Sales October 2023 Vancouver
Even in a city like Vancouver with a strong Real Estate market properties fall into Foreclosure or be subject to a Court Ordered Sale. I list and sell many foreclosure properties in the city of Vancouver, Burnaby, Richmond and the rest of the lower mainland. Working with an agent who...
308 1859 SPYGLASS PLACE, Vancouver | 668 sq ft condo | 1 bedroom 1 Bathroom | fully renovated | False Creek | Waterfront building on the sea wall | Indoor pool | $749,900
308 1859 SPYGLASS PLACE, Vancouver | 668 sq ft condo | 1 bedroom 1 Bathroom | fully renovated | False Creek | Waterfront building on the sea wall | Indoor pool | $749,900 Perfect False Creek location in Vancouver’s vibrant waterfront community. Fully renovated 1 bedroom + 1 bathroom boasts...
Vancouver Real Estate Market Update April 2023
According to the Real Estate Board of Greater Vancouver (REBGV), the Metro Vancouver housing market is experiencing renewed price growth this spring, with home prices across the region showing modest increases in March. However, new listings remain below long-term historical averages, indicating that sellers are still awaiting more favorable market...
Vancouver Commercial Real Estate Update April 2023
Sales and dollar volumes in the commercial real estate market of the Lower Mainland remained stable in 2022 despite the challenging headwinds brought about by the highest borrowing costs seen in over ten years. The market demonstrated impressive resilience, with sales activity and dollar volumes holding steady, despite the rising...
The Leaky Condo Era in Vancouver
The Leaky Condo Era was a period in the 1980s and 1990s in Western Canada, particularly in British Columbia, where there was a proliferation of high-rise and low-rise condominiums built with defective building envelopes. The problem was mainly due to the use of poor quality building materials, improper construction techniques,...
Court Ordered Sale Process Vancouver Foreclosure
In British Columbia, a Court-Ordered Sale is a legal process where a court directs the sale of a property to settle a debt or a dispute. The court can order the sale of any property, including land, buildings, and other assets, as long as the owner has a legal obligation...
Buying a home process Vancouver
Here’s a flow chart that shows the basic process of buying a home:
REBGV Market Update March 2023
The latest data from February indicates that potential home sellers in Metro Vancouver are still hesitant to participate in the housing market, leading to lower-than-average sales activity. This has resulted in an increase in the number of available homes for sale in the region. According to the Real Estate Board...
Vancouver Property Tax
Vancouver property tax is a key source of revenue for the City of Vancouver. Property owners in the city pay taxes to the municipality based on the assessed value of their property. The tax revenue is used to fund essential services, such as police and fire departments, schools, and public...