Real Estate Advisor with Engel & Völkers West Vancouver, Canada

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Metro Vancouver assessments down!


metro vancouver assessments down

Metro Vancouver assessments down: Forces slowly lowering property values for most homeowners

New B.C. government taxes aimed at limiting foreign and domestic property speculation are having an impact, even while the Lower Mainland’s population continues to grow through in-migration.



BC insurance rates surge ’50 to 300%’


bc condo owners brace for sticker shock as insurance rates surge 50 to 300

B.C. condo owners brace for sticker shock as insurance rates surge ’50 to 300%’



Recently Sold Listing 313 - 15735 Croydon Drive, Surrey, BC


R2415765 - 313 - 15735 Croydon Drive, Surrey, BC, CANADAI have just recently sold this listing at 313 - 15735 Croydon Drive, Surrey.

Real Estate Stats Week #49


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12/08/2019 - 12/14/2019

Real Estate Board of Greater Vancouver

Listed: 466 (639.27 Million) 
-15.58% 

Sold: 198 (192.17 Million) 
-48.03% 

Price Dropped: 123 (10.20 Million) 
-26.79% 

Fraser Valley Real Estate Board

Listed: 254 (232.18 Million) 
-15.33% 

Sold: 94 (75.69 Million) 
-50.79% 

Price Dropped: 77 (2.85 Million) 
-33.04% 

Chilliwack & District Real Estate Board

Listed: 49 (31.09 Million) 
-32.88% 

Sold: 21 (14.15 Million) 
-34.38% 

Price Dropped: 15(207 K) 
-34.78% 


Courtesy of: Cindy Stanley - Engel & Völkers West Vancouver, Canada

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The 25th annual REALTORS Care® Blanket Drive helps keep 40,000 people warm


realtors care

More than 40,000 Lower Mainland residents have received blankets and warm clothing this month thanks to donations collected during the 25th annual REALTORS Care® Blanket Drive. 

Between November 18 and 25, over 150 real estate offices across the Lower Mainland served as drop-off locations for donations. REALTOR® volunteers then collected, sorted, and delivered the donations to local charities.

“This year we collected and distributed the largest number of donations since 2010,” Ashley Smith, Real Estate Board of Greater Vancouver president said. “Thank you to everyone who donated blankets and warm clothes. The Blanket Drive continues to help thousands of people each year thanks to the generosity of the public and the support of our volunteers.” 

All donations remain in the same community in which they are collected. More than 70 Lower Mainland charities received donations from the Blanket Drive this year, including the Richmond House Emergency Shelter, which helps men and women who need emergency accommodation. 

“We were happy and grateful to receive your donations of blankets, coats, and clothing,” said David Burgess, manager of Richmond House. “The residents don’t have a lot, so these items mean a lot to them and the shelter.” 

The REALTORS Care® Blanket Drive is a partnership between the Realtors of the Fraser Valley, Greater Vancouver, and Chilliwack and District Real Estate Boards and their communities.

The program is the largest and longest running blanket drive in British Columbia. Since it began in 1995, it has helped more than 425,000 people in our communities keep warm and dry during the winter months. 



Real Estate Stats Week #47


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Real Estate Stats Week #47

11/24/2019 - 11/30/2019

Real Estate Board of Greater Vancouver

Listed: 550 (758.72 Million) 
-18.03% 

Sold: 194 (223.75 Million) 
-57.83% 

Price Dropped: 237 (19.04 Million) 
-10.57% 

Fraser Valley Real Estate Board

Listed: 308 (286.46 Million) 
-8.33% 

Sold: 96 (63.65 Million) 
-56.16% 

Price Dropped: 122 (3.11 Million) 
-21.79% 

Chilliwack & District Real Estate Board

Listed: 55 (35.64 Million) 
-8.33% 

Sold: 25 (13.83 Million) 
-46.81% 

Price Dropped: 23(313 K) 
-37.84%


Courtesy of: Cindy Stanley - Engel & Völkers West Vancouver, Canada

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Where to Live in Canada: Vancouver Neighbourhood Guide


 

where to live in vancouver

Where to Live in Canada: Vancouver Neighbourhood Guide

In part 3 of REW's "Where to live in Canada," we look at Vancouver, a City of Mountains and Oceans
By Laisa Schutz Nov 29, 2019
 

From sea to sky and everything in between, Vancouver has a lot to offer. After talking to a few Vancouverites and real estate experts, we put together a list of neighbourhoods to help you find what part of the city best fits your lifestyle. In case you missed it, check out last week's 'Where to Live in Canada: Toronto, a City Full of Little Pockets.'

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Recently Sold Listing 1509 - 6837 Station Hill Drive, Burnaby, BC


R2377763 - 1509 - 6837 Station Hill Drive, Burnaby, BC, CANADAI have just recently sold this listing at 1509 - 6837 Station Hill Drive, Burnaby.

Real Estate Market Stats Week #42


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10/20/2019 - 10/26/2019

Real Estate Board of Greater Vancouver

Listed: 767 (1.02 Billion) 
-13.04% 

Sold: 273 (291.18 Million) 
-32.92% 

Price Dropped: 333 (23.08 Million) 
-9.26% 

Fraser Valley Real Estate Board

Listed: 421 (380.19 Million) 
-3.44% 

Sold: 105 (80.78 Million) 
-48.53% 

Price Dropped: 188 (7.52 Million) 
+1.08% 

Chilliwack & District Real Estate Board

Listed: 78 (45.73 Million) 
+0% 

Sold: 17 (7.63 Million) 
-41.38% 

Price Dropped: 52(844 K) 
-8.77%


Courtesy of: Cindy Stanley - Engel & Völkers West Vancouver, Canada

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Should Your Clients Refinance Their Existing Mortgage To Invest In A Second Home?


should clients refinance their existing mortgage

Know the Pros and Cons Before You Make A Decision on Refinancing Your Mortgage

By Kara Kuryllowicz October 25, 2019
 

Everywhere you turn, there seem to be new options for what to do with your home equity. And of all the possibilities facing someone with equity, none are as exciting as the potential of investing in a second property.

But let’s not get ahead of ourselves. If you’re fairly new to homeownership, you might be asking,
“what even is home equity?” Essentially, home equity is the difference between what your home is worth in today’s market and what you owe against that home. In effect, equity is what you “truly” own in your property. Banks and lenders will allow you to borrow money against this portion you own, so you can use that money to invest elsewhere. For example, you could use the extra money to buy another property. 

This is where refinancing comes in.

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