Metro Vancouver industrial real estate market starting to normalize
The Pique News Magazine
Metro Vancouver’s industrial market is entering a period of equilibrium, as the frenzy that once defined the market dies down.
This is according to a Vancouver Real Estate Forum expert panel, which last week described as “more normalized.”
“There’s not this frothy demand where you’ve got … eight people fighting each other for space. Now you’re getting one or two offers. That’s more of a normal market,” said Tim Evans, senior director of leasing with real estate investment firm BentallGreenOak. Read more…
A Look at the Spring Housing Market
Remax Blog
It’s that time of the year: the birds are chirping, the buds are blooming, and the Bank of Canada (BoC) is on the brink of cutting interest rates. This is also the time of the year for a busy Canadian real estate market when prospective homeowners are searching for a new place to call “home.” Will this year’s spring housing market be a repeat of the past? It depends on whom you speak to. Read more…
Avoid These Common Mistakes Made by First-Time Home Buyers
Remax Blog
Buying a house is a big deal for many of us. Owning a home is the ultimate symbol of personal success. It’s the reward for years of hard work, smart planning, and sticking to your financial goals. It means finally having a space that’s all yours—a place where you can kick back, grow, and make countless memories.
But the thrill of chasing homeownership comes with its share of surprises, from the rollercoaster of market prices to figuring out loans and sifting through a mountain of paperwork. We hope to make your journey smoother by sharing common mistakes made by first-time buyers. We will provide key insights and practical tips so you can avoid pitfalls and make better-informed decisions. Read more…
Why Downsizing Could Be the Best Move for Your Retirement
Remax Blog
Canada’s current generation of retirees, or those on the cusp of retirement, are stuck between a rock and a hard place. The inflationary climate has made it challenging for seniors, forcing older Canadians to maintain their living standards and navigate a turbulent economic environment. One facet of this struggle is housing. For many retirees, downsizing to a smaller place is a common strategy.
Read more…
In a Rush? 3 Steps to Sell Your Home Quickly
Remax Blog
You’ve gotten an exciting new job and need to relocate halfway across the country pronto. Now you have to sell your home quickly – but doing so will take some leg work.
While selling a home in record time isn’t the norm in the real estate industry, there are certain things you can do to attract more buyers and make your home stand out in a competitive market. The more potential buyers with eyes on your home, the more attention it generates and consequently, the faster you’re likely to see offers rolling in. Consider the following: Read more…
Essential Steps to Upsizing Your Home
Remax Blog
Have you always dreamed of a bigger home? Imagine all the ways you could use the extra space—like having a cozy library, a gym for your workout routine, or a playroom for your growing family. Upgrading to a larger space is thrilling, but it also comes with its own set of challenges.
Deciding to move to a larger home is a significant life decision that requires careful consideration of financial implications, lifestyle adjustments, and long-term goals. Ultimately, purchasing a bigger house is about enhancing your quality of life in a way that aligns with your aspirations and needs. We look into the important steps when upgrading your home. Read more…
Remax Blog
The Bank of Canada has held its benchmark interest rate at 5%, marking the sixth consecutive pause after a tightening campaign in 2023 to cool high inflation. It appears to be working, with the inflation rate easing back to 2.8 per cent in February.
Price pressures have eased across goods and services, but remain elevated across shelter costs, including rent and mortgage interest costs. The Bank expect inflation to hover around three per cent in the first half of 2024, fall below 2.5 per cent in the second half of the year, and before returning to the two-per-cent target in 2025. Read more…
Is Canadian real estate overvalued? There has been considerable debate as to whether the country’s housing sector is in a bubble or simply suffers from a supply shortage. Nobody will argue the fact that residential prices have rocketed nationwide in the last few years, fuelled by interprovincial migration, population growth, historically low interest rates, and putrid inventory levels. Read more…
Share this entry