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Hot Tips for Buying Vancouver Property with Multiple Offers

January 21, 2016

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 1:41 pm

The sales-to-active-listings ratio at 17.7 per cent, the region remains in balanced market territory, according to REBGV. But that’s really just a ratio that needs more close examination seeing that we have one of the lowest levels of listing inventory in history in the Lower Mainland and Greater Vancouver. These days are seeing multiple offers are everywhere in the Lower Mainland, in fact multiple offers are the rule of the game. Just look at these statistics for 2015: Vancouver Best […]

Turbotap Publishes 2016 Vancouver Real Estate Market Analysis & Forecast by Richard Morrison

January 11, 2016

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 10:19 am

Turbotap has started the year with a comprehensive analysis the Vancouver real estate market, as well as where it’s headed in the coming year, written by Richard Morrison. As the property market across the world is beginning to recover from the global economic downturn, properties in sought after areas in metropolitan centers of the major economic powers are reaching all-time highs. Vancouver is already one of Canada’s major cities, and is now poised to become bigger than ever in the […]

Real Estate Market Forecast for Vancouver in 2016

December 16, 2015

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 9:23 pm

With sales soaring to 42% in November 2015, around 46% above the 10 year sales average for the month, November 2015 ended up ranking the second highest on record for residential sales since 1989. This Vancouver real estate market is surely an eyebrow raiser. As you can see in certain Vancouver condo areas with high density residential areas, like downtown vancouver, coal harbour, west end and yaletown, many Vancouver condos have sprouted out like bamboo shoots and clocked in around 20-25% higher in […]

Vancouver real estate Market stats – Oct 2012

October 20, 2012

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 9:22 pm

See below for how our sellers are successfully selling their homes despite this market: Richard Morrison Real Estate Geek. Richard Morrison is the head & founder of The Richard Morrison Team, a medallion team that has consistently performed in the top 10% in the past 10 years. He is the go to Real Estate Analyst for many investors, home buyers & sellers. He is straight forward & only believes what he analyses and not what he hears. Make sure you […]

Buyer’s Market in Vancouver as Seller’s Advantage Wanes in 2012

May 20, 2012

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 4:29 pm

Yes, there is a definite buyer’s market in Vancouver as seller’s advantage wanes in 2012, but that doesn’t mean buyers will know how to capitalize on that advantage. Here are a few things for buyers to consider to make sure they reap the rewards of the 2012 market before it gets away from them:   1. Hire the Best Buyer’s Agent You Can Find If ever there were a time to relish the fact that you’re a self-made financial wizard, […]

Vancouver’s real estate market to cool, not crash

Filed under: North Vancouver,Real Estate Market,Surrey,Vancouver — Richard Morrison @ 4:19 pm

“Vancouver’s real estate market to cool, not crash” is the latest forecast by various real estate experts that comes as good news to people who dream of buying homes. Every Vancouver resident is aware of the changing price trends in the real estate market but with recent reports Vancouver residents have something to smile about.   Most real estate companies realized that many people are hesitant to buy homes due to the unpredictable costs but this is not over yet […]

The New Vancouver HST Tax in 2012 – HST transitional rules

Filed under: Mortgage Financing,North Vancouver,Real Estate Market,Surrey,Vancouver — Richard Morrison @ 4:09 pm

DISCLAIMER: I am not a tax lawyer, so please consult a tax lawyer that can give you legal advice. If you rely on the advice given below, I am not to be held responsible and you take full responsibility for your actions. Now moving on to our article:     HST (Harmonized Sales Tax) was introduced in Canada in 2010 as a way of combining the regional provincial Sales Tax (PST) and federal GST (Goods and Services Tax). When introduced […]

Vancouver East Side real estate market in 2012

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 4:00 pm

The year of 2012 has seen the rise of home buyers in the east side of Vancouver. Many home buyers are looking for affordable homes that are currently only found in the East Side. However, the market is slowing down as of recent and prices have softened a little.   Many buyers have moved from buying houses in the west side because of the high cost. The dreams of home purchasers however have not been shattered altogether because they will […]

Richmond real estate market in 2012

Filed under: Real Estate Market,Richmond — Richard Morrison @ 3:43 pm

In 2012 February the home sales in Richmond increased as compared to the previous month’s sale by 52%. The listed houses, condos and apartments for sale in February were 6% more than January 2012. The maximum increase in for sale listings was for condos. The increase in other types of homes was not too much and almost negligible The town homes, detached homes and condos in January 2012 were almost the same as in the previous months. With a large […]

Burnaby Real Estate Market Supply 2012

Filed under: Burnaby,Real Estate Market — Richard Morrison @ 3:24 pm

Burnaby Real estate market took off in February, 2011 and held strong into the summer of that year. However, 2012 has seen much slower market than it was the same time last year. The following statistics on Burnaby Real Estate market demand (sales), supply (inventory), and the effect on mean prices from February 2010 through to February 2012 may help shed more light on the trends in the market.   Real Estate Market Supply, February, 2012 The current inventory in […]