Hey there, Vancouver!

I'm thrilled to guide you through an exciting November in our beautiful city.

This month, I've put together a list of fantastic activities that cater to Real Estate enthusiasts, families seeking quality time, and those wanting to pay their respects on Remembrance Day.

1. Real Estate Market Analysis Workshops

For those of you with a keen interest in real estate, attending market...


Unlocking Vancouver Real Estate: The Top 8 Tips for Sellers

Vancouver's real estate market, with its dynamic landscape and competitive nature, can be challenging to navigate, especially for sellers. But fear not, as we delve deep into the top 8 essential tips every property seller in Vancouver should know. Whether you're a first-time seller or have been in the game for years, these insights will elevate your selling game.

1. Understanding the Market



Law of Attraction: Evaluating the Consequences of Increased Immigration and the Foreign Buyers Ban

Summary of Findings

  • Two major federal government policies – the prohibition of foreign buyers and unprecedented immigration goals – will influence housing demand in BC for the next three years.

  • The demand effect of rising immigration is about five times greater than the Foreign Buyers Ban and is expected to significantly increase home prices.

  • To entirely counteract declining affordability,...


Pre Sale Advantages and Disadvantages

Pre-sales are an important aspect of the real estate industry that allows developers to secure financing for new projects while providing buyers with early access to properties at discounted prices. In this blog, we will explore the benefits of pre-sales for both developers and buyers and provide some tips on how to navigate this process successfully.

What are pre-sales?

Pre-sales are the sale of properties...


7 First-time Homebuyer Mistakes to Avoid

Buying a home for the first time can be an exciting and overwhelming experience. However, it's important to educate yourself on common mistakes that first-time home buyers often make in order to avoid them.

Here are some of the most common mistakes to keep in mind as you embark on your home-buying journey:

  1. Not getting pre-approved for a mortgage - Before you start looking at homes, it's important to...


A Guide to Recessions and the BC Housing Market

As the Bank of Canada aggressively raised rates over the past year to fight multi-decade-high inflation, fears are mounting that tighter monetary policy will push the Canadian economy into recession. Indeed, central banks have a poor historical track record in achieving “soft landings” following tightening cycles. That is, amid high inflation, central banks often struggle to “thread...


What is the latest Bank of Canada rate hike means for inflation, consumers

The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent -- the highest it's been since January 2008 -- on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.

The bank, which has made a steady succession of large hikes over the course of the year, is widely believed to be nearing an end...


What Types Of Homes Are There?

From caves to modern architecture, people are looking for the ideal shelter, significantly affecting their quality of life. Indeed, owning a house has become crucial for stability and comfort. As the real estate industry has been steadily developing to cater to all kinds of societal needs, different types of home styles have been created. Todays’ houses are well designed to use the space efficiently...


Challenges To Face When Buying House In Canada

Canada is a dream destination for many residents, and becoming a homeowner there is a life goal for many of them. No wonder, the hot real estate market in Canada attracts many investors. Nevertheless, it’s not as easy as one might presume to make a real estate investment in Canada. There are many challenges that one can face when trying to buy a house in Canada. Let’s enlist some of them...


How to Buy a Presale Condo

If you’ve ever wondered how to buy a presale condo but have been intimidated by the unfamiliarity of the process, this how-to guide is for you. First-time homebuyers and individuals new to the presale or pre-construction condo market typically have many similar questions, all of which are straightforward and easy to answer. Once you’ve taken in the information below, you’ll know exactly...


Real Estate Sector hitting the top in Vancouver: Do people really want their own homes for now?

Above all, everyone requires their own space in this vast universe. However, it’s primarily a matter of time and money. According to recent statistics, an increasing number of people are renting houses nowadays. The reason is obvious. They don’t want to overpay.

In fact, owning a home has always been regarded as a symbol of wealth. Every single person who has purchased a home has taken a...


8 Real Estate Trends to Watch as BC Reopens

There’s no question that the real estate market in British Columbia has been white-hot over the last year. Since the pandemic began in March 2020, we’ve seen significant year-over-year increases in sales and home prices across the province. The province has now entered phase three of BC’s Restart Plan, as an increasing percentage of the population has been vaccinated, and fewer individuals...


The importance of insuring your home

Unlike car insurance, home insurance isn't usually mandatory. But it’s still not a policy to cut corners on. Knowing you're protected if a storm causes property damage, a burglary results in a loss of valuables, or a lawsuit causes significant financial burdens can provide peace of mind. If you're purchasing with a mortgage, as most homebuyers do, a bank or other lenders may require home insurance...


The Ultimate Guide to Secondary Properties

All the key tips to buying, using, and even renting out a vacation home.

So, you are looking to purchase a second property! Congratulations! This is an incredible opportunity and we are here to help provide you with the keys to success to expand your financial portfolio and ensure stability for the future.

Before you launch into this purchase there are a few things you should know, depending on which...


CMHC’s New Underwriting Criteria: What Changed and What it Means for Home Buyers

The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgage insurance. Introduced earlier this summer, these new adjustments from CMHC come as a precaution while the COVID-19 pandemic continues to impact consumers in the real estate market and many other aspects...


8 DIY Home Improvements Anyone Can Do

The key to falling in love with a home, whether it's a rental or purchase, is to bring your own personal style and flair to the space. There are plenty of ways for renters to remodel without losing their security deposit, and these do it yourself projects make for great, quick upgrades to any home. Really, easy decorating options for rentals are endless once you start looking for inspiration. We...


The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the BC economy as the province gradually reopens. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province's subsequent state of emergency.

To monitor the province's progress toward a "new normal," we benchmark...


Bathtub Conversion, It’s a Walk-In the Shower

Stand-alone showers have been rising in popularity as the primary bathing method in many homes—they’re practical, spacious, and downright gorgeous. If you’ve been reconsidering your bathroom’s space with a shower conversion, think about the following important considerations to help you get started.

Can it affect my home’s resale value?

While it’s usually recommended...


Thinking of Buying Once Things Get Back to “Normal”?

If you’re thinking of buying a home, you’ve come to the right place. Once you’ve decided you’re ready to buy, can guide you through the entire process and a REALTOR® can help take care of the rest.

Here’s an overview of what to think about:

Prepare to buy

Few joys can match the pride of owning a home, but the responsibility can also come with sacrifices ...


Real Estate Board of Greater Vancouver reports far fewer home sales in April but benchmark price rises

Not surprisingly, the COVID-19 pandemic had a devastating impact on the number of transactions in the Metro Vancouver housing market.

This morning, the Real Estate Board of Greater Vancouver announced a 56.1 percent decline in sales in April compared to the previous month.

The April sales were a whopping 62.7 percent below the 10-year average for that month and the lowest since the deep recession of...

Moe Pourtaghi

"Nothing brings me more joy than seeing my buyers & sellers have success in their Real Estate endeavours. I hope you find the articles on my blog inspiring and educating in your ventures." - Moe Pourtaghi

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