August 2019 Market Update

June 12 2019


Thank you very much for everyone that supported Darryl and the team to raise over $1500 for a great cause.

We are so honoured to have received this great award. Thank you!

BBGV is always looking for a ‘big brother’ to help ‘little brothers’ in need. Get involved, make a big difference in someone’s life.

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June 2019 Market Update

May 2019 Market Update


April 4 2019

Little excerpts from the March report from REBGV (Real Estate Board of Greater Vancouver),

“Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades……, Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced. For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market. What policy makers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away.”

There is so much gloom and doom in the media regarding the Real Estate market. However it is very important to see some of the positive trends that would help savvy buyers and sellers.

1, Despite the drop in the number of sales in general, desirable homes have been sold pretty quickly. There are more people out there looking, but many are hesitant to jump the gun and put in an offer. That means you could get a great deal on a home, granted that your Real Estate agent has done his/ her due diligence to find the right value for the property. For example, if you look at some of the homes sold in Vancouver East, many were only on the market for less than 10 days.

2, Prime rate has been cut and now it is expected to stay the same for the rest of the year. Back in January, there was a speculation that there will be several rate hikes this year. It seems like that is no longer the case. If you are a buyer, that means it is a great time to buy.

3, It is best time to upsize or move into a more desirable neighbourhood. Some savvy buyer was just able to buy a single family home on the west side of Vancouver for less than $1.9m. A year ago, that would have been unthinkable. Let me help you find a great bargain.

Feb 28 2019

Hello Everyone, Don’t forget to register to get your Speculation and Vacancy Tax exemption by March 31, 2019. Please note that if you and your spouse own a property together, both of you need to declare, not just one. I am attaching some information below for you to read up on.