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 conditions. In March 2023, there were 2,535 residential home sales in the...
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 borrowing costs that typically drive down commercial real estate activity. According to...
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, and inadequate building code regulations. The result was widespread water ingress and...
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 to pay a debt or there is a dispute over the ownership...
Buying a home process Vancouver
Here’s a flow chart that shows the basic process of buying a home:
