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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 […]

River District Water Front 7,000 Vancouver Homes Presale!

April 15, 2015

Filed under: Vancouver — Richard Morrison @ 8:27 pm

Want to be a part of a promising and developing last waterfront spot in Vancouver? Then Vancouver River District is the only one you have to consider. Vancouver’s newest and largest riverfront master planned ‘district’. River District is a pre-sale development in Vancouver which is a conventional commercial site that is going through organized non-commercial properties to the north portion of the North Fraser River. River District is situated at the base of the mountain where Kerr Street intersects the river. This […]

Why are 95% of Vancouver properties not selling? December 2012 update

December 8, 2012

Filed under: Vancouver — Richard Morrison @ 12:24 pm

We just wrote a piece that got picked up by CBS News Money Watch… In the piece we wrote on a recent study done by an SFU professor… Only the best Vancouver properties are selling right now. This is why price have held up and that is most likely the reason why prices are holding up. The other 95%+ of sellers are taking their homes off the market betting the market will get better. If you are a buyer, then […]

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 […]

Vancouver real estate Market 2012

July 26, 2012

Filed under: Vancouver — Richard Morrison @ 7:40 pm

. The real estate market is a moving target at best! And, myths whirl though this industry like no other – especially when they are coming from mass media who like to report (read sometimes distort) on aggregates when what you really need is to pick apart things to see them more clearly… We here at Richard Morrison Re/Max don’t believe what we hear, but only what we study, and what we analyze.   This is where we analyze & […]

Vancouver soccer team Whitecaps – will they survive?

July 2, 2012

Filed under: Vancouver — Richard Morrison @ 1:54 pm

Take a trip to Vancouver and one is sure to hear many talks about the local soccer team and for many fans of the local team the worry about how the team is performing has brought about many doubts and the local dailies have not made the situation any easier with headings like Vancouver soccer team whitecaps- will they survive?   Despite their last year performance fans should not get disappointed or loose hope in their team’s performance because the […]

Chinese investors still targeting Vancouver real estate

Filed under: Vancouver — Richard Morrison @ 1:48 pm

If you are of the thought that the Chinese had started losing interest in the real estate in Vancouver, then you should see what we are still seeing here on the West Side. This is because some new report has indicated that Vancouver among other areas in Canada is Chinese’s most popular foreign property investment destinations. Mainland investors from China have been gaining interest in purchasing oversea properties over the past few years, making about 30 percent of investors investing […]

New mortgage rules Vancouver july 9th 2012

June 21, 2012

Filed under: Mortgage Financing,Vancouver — Richard Morrison @ 11:10 am

The Federal Government has announced four new clamp downs on mortgage financing effective Monday, July 9th, 2012. These changes include:   1. Reducing the maximum amortization period to 25 years from 30 years 2. Reducing the maximum amount of equity homeowners can take out of their homes when refinancing to 80% from the current 85% 3. Limiting the availability of government-backed mortgages to homes with a purchase price of less than $1 million 4. Fixing the maximum gross debt service […]