Top 20 Highest Increase Property Value Cities In The World.
Posted on Aug 06, 2024 in Real Estate
Vancouver stands out among a few others cities with the highest increase percentage in the world (from 1999 to 2019).
A comprehensive study of real estate prices over the past 20 years reveals significant trends in the world’s major cities. The S&P CoreLogic Case-Shiller 20-City Composite Home Price Index shows a substantial rise in home values acro...
Increase In Mortgage Defaults and Foreclosures On The Rise Across Canada
Posted on Jul 23, 2024 in Real Estate
The increase in foreclosures across Canada is largely attributed to the recent hikes in interest rates by the Bank of Canada. As of 2023 and continuing into 2024, interest rates have reached levels not seen in decades, significantly impacting mortgage holders, especially those with variable-rate mortgages. This has led to an increase in mortgage de...
A Comprehensive Guide To Downsizing From a House To a Condo in North Vancouver
Posted on Jul 12, 2024 in Real Estate
Comprehensive Guide to Downsizing from a House to a Condo in North Vancouver
Table of Contents
1. Introduction
2. Planning and Preparation
3. Finding the Right Condo
4. Decluttering and Downsizing
5. Making the Move
6. Adjusting to Condo Living
7. Legal and Administrative Considerations
8. Additional Resources
9. Case Studies
1. Introduction
Downsizing from a...
Seven Upper Lonsdale Homes SOLD In Past 14 Days: Over 50% Sell Over Ask Price
Posted on Jun 21, 2024 in Real Estate
I keep saying how important timing is for people selling their homes. Over past 14 days, Upper Lonsdale sales have exploded!
While the previous six weeks were surprisingly slow with just two detached homes sold in Upper Lonsdale over the period, the late spring rush has begun.
In the last 14 days, there have been seven registered sales with at least...
Late Spring Rush 2024; High End Upper Lonsdale Sales Slow
Posted on Jun 17, 2024 in Real Estate
Sales in Upper Lonsdale, just like most markets has been low this year. That is in part, due to a very low supply. Other key factors are the BC Gov mandate of increased density (people waiting on this before making decisions) and mortgage interest rates.
It is great news to see an extremely slow spring sales volume (2 detached homes sold in Upper Lo...
Interest Rate Drop Long Over Due
Posted on Jun 07, 2024 in Real Estate
Press Release From BC Real Estate Association
The Bank of Canada lowered its overnight lending rate this morning by 25 basis points from 5 per cent to 4.75 per cent. In the statement accompanying the decision, the Bank noted that first quarter real GDP growth was below forecast, and recent data suggests the economy in operating in excess supply. On...