A summary of all the best events coming up in Vancouver as summer officially begins
All in Vancouver
Will the Bank of Canada raise rates next Wednesday?
A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement .
5 Tips For Seeing Through Home Staging
Home sellers go to great pains to show their home in the best light so buyers will pay the highest possible price. This is a guide to understanding what they’ve changed, so you can imagine what the home looks like when someone isn’t trying to sell it.
Best Kitsilano Independent Coffee Shops
In Vancouver, it’s easy to mistake Kitsilano for a sleepy yoga culture neighbourhood (especially compared to its Hipster Eastern neighbours like Mt. Pleasant and Commercial Drive), but don’t be fooled: the artisanal coffee scene is full of diverse and legitimately great choices. Here is a rundown of the best coffee in Kits.
Key factors at play in the Vancouver housing market
An examination of the factors at play in the Vancouver Real Estate market reveals a definitive strengthening in the factors influencing the market downward.
Prices could continue to rise but the risk of a correction has risen significantly. There is still a critical supply issue so, regardless of home prices, many more homes need to be built in Vancouver.
Housing (Un)Affordability in Vancouver
This video by MLA Canada, a top notch real estate marketing company, is really quite good. Only criticism is their miscalculation of how much it would take for the Metro Vancouver market to normalize.
Why are there Real Estate Risk Assessments?
RBC recently released their periodic Housing Health Check. It is very similar to a quarterly CMHC Housing Market Assessment, but their dashboard is more detailed in some ways. The fact that RBC, the largest Canadian mortgage lender and CMHC the largest provider of mortgage default insurance have created these early warning systems should tell you that there is real risk in the real estate market.
6 tips for buying a home in uncertain times
There is a lot of uncertainty in Canadian real estate markets these days. You could try to time the market, but nobody knows the best time to buy. So if you are looking for a place to call your own then take advantage of these tips to reduce your risk.