Greater Vancouver Real Estate Market Report for January 2019

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for January 2019 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month!MLS® HPI Benchmark Price for January 2019HPI stands for...

Real estate is still a great investment

How would you like to own an investment – your home - that increased in value more than three times (342%) in just under 20 years? That’s what would have happened if you had bought a home in Greater Vancouver in the year 2000.The benchmark sales price in December 2000...

CREA: Immediate Past President Andrew Peck Passes Away

  CREA: Immediate Past President Andrew Peck Passes Away It is with great sadness we are informing you about the passing of the Canadian Real Estate Association’s Immediate Past President Andrew Peck. He was 59. Andrew spent eight years serving as a Director for CREA...

Greater Vancouver Real Estate Market Report for December 2018

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for December 2018 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month!MLS® HPI Benchmark Price for December 2018HPI stands for...

Holiday selling makes good sense!

Goodwill and holiday cheer can make this season a great time to sell your home. Here’s why: Christmas buyers are serious buyers.  Buyers looking during this time are known to be serious. They include soon-to-be residents relocating here from out of town and residents...

Rate hike increases mortgage costs

The Bank of Canada increased its interest rate to 1.25% from 1.00%. How will this effect mortgage holders? All six major banks have raised their posted five-year, fixed-rate mortgage rates to 5.14 per cent from 4.99 per cent. Mortgage costs and income required Housing...

read more

New mortgage rules effective now

Effective January 1, 2018, home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate.

read more

Greater Vancouver property assessments mixed

Property owners will receive their 2018 assessment notices this week. The 2018 Assessment Notice is BC Assessment’s (BCA’s) estimate of a property’s value as of July 1, 2017, and for new construction or substantially renovated homes, the physical condition as of...

read more

Vancouver’s Empty Homes Tax – what you need to know

In response to a rental vacancy rate of less than one per cent and a significant number of empty homes, the City of Vancouver has implemented an Empty Homes Tax. The city estimates the tax will raise $2.2 million per year when fully implemented. The tax rate is 1 per...

read more

Holiday selling makes good sense

Good will and holiday cheer makes this season a great time to sell your home. Here’s why: Christmas buyers are serious buyers. While there may not be as many home buyers looking, those who are looking are serious. These include those relocating from out of town who...

read more

Vancouver approves new regulations for short-term rentals

Vancouver city council approved new regulations for short-term rentals of less than 30 days, on November 14, 2017. As of April 1, 2018, property owners and renters will be permitted to advertise the short-term rental (less than 30 days) of their principal residence on...

read more

Autumn selling makes good sense

Autumn is here and children and university students are back in class. Autumn can be a great time to get the best value for your home. Here's why: Autumn buyers are serious. While there may not be as many buyers looking, the buyers who do visit open houses are...

read more