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Are You Ready to Buy Your Next Home in Vancouver?

If you are ready to buy your first house, condo or townhouse in Vancouver Yaletown, Kitsilano, Vancouver Downtown, Gastown, West Vancouver, Coal Harbour, Kerrisdale, False Creek or other parts of the Lower Mainland, then there are three vital tips that you will want to keep in mind as you prepare to enter into the Vancouver real estate marketplace. By following these tips, you will be in the best possible position to ensure that you really will be able to find and buy your dream home.

Get Pre-approved for a Home Mortgage

Perhaps the most important step that you should keep in mind when it comes to buying your first home is to get pre-approved for a home mortgage loan. By getting pre-approved for a home mortgage loan before you start looking, you will be in a far stronger position to enter into a real estate contract.

The typical home seller will be more eager to enter into a sales contract with a person who has been pre-approved for a home mortgage loan. One of the biggest obstacles to closing a real estate deal in Vancouver and the Lower Mainland is usually the inability of the buyer to obtain acceptable bank financing. By coming to the bargaining table with a pre-approved home mortgage, you will be able to demonstrate to a seller that you are serious about buying their home.

Develop a Specific Home Buying Plan

Another important step that you will want to take when it comes to buying your first home is to develop a specific home buying plan. If you do not have a plan, you will often be tempted off course in your search for that perfect property. A Vancouver REALTOR® will help you set up your plan.

Perhaps the most significant element of a plan is to set forth specifically what you are willing to pay for a house, condo or townhouse. The failure to establish such a budget oftentimes results in a person ending up spending far more on a home than he/she can actually afford.

Consult with a REALTOR®

Finally, your interests can be best served by engaging a professional Vancouver real estate agent to assist you in your search for your home. Our agents will provide you with the newest Vancouver MLS real estate listings, advise you on all facets of a property and the current market, guide you through the complex contract negotiations and always be there for your needs. By selecting a professional Vancouver real estate agent to assist you in your home search, you have the best chance for success in finding your ideal Vancouver house, condo or townhouse and ensuring your experience is both exciting and stress-free.
 
 

 

Latest Vancouver Real Estate News

Commercial Market Demand

Below you will find the commercial sales activity broken down by category for the Lower Mainland for Quarter 3 of 2016 and 2015 and the relevant percentage change. As well, there is a year-to-date comparison which encompasses the first three quarters. Quarter 4 statistics should be released in the next few weeks! The statistics for the Lower Mainland are inclusive of the following 18 cities: Abbotsford, Burnaby, Chilliwack, Coquitlam, Delta, Langley, Maple Ridge, Mission, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, Vancouver, West Vancouver and White Rock. Thus, the first table is not representative of only Vancouver commercial real estate (a separate table will break down the statistics for Vancouver).

Below you will find information from...

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First-Time Home Buyers Loan Program

Premier Christy Clark has recently announced a new loan program called the BC Home Owner Mortgage and Equity (HOME) Partnership Program that will assist first-time home buyers by contributing to your personal down payment. The government will lend the buyer funds equal to the down payment up to $37,500, or 5% of the purchase price. This new loan would be granted to Canadian citizens or permanent residents who have never previously owned a property and is only applicable to residences with a maximum purchase price of $750,000. This will be an interest-free and payment-free loan for the first five years. After that period, buyers can then either repay their loan or enter into monthly payments at current interest rates. These loans will become due after 25 years, which is the typical length...

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I have sold a property at 503 610 VICTORIA ST in New Westminster
I have sold a property at 503 610 VICTORIA ST in New Westminster.
WATER VIEW - The Point, located in the heart of New Westminster's Downtown core! This spacious 1 bedroom, 1 bathroom 630 sq ft home boasts beautiful city and water views. Features floor to ceiling windows, hardwood flooring, walk-in closet, fireplace and a covered balcony. Open concept kitchen w/ stainless steel appliances, granite countertops & breakfast bar. Cheater ensuite w/ granite, overmount sink and deep soaker tub. Includes 1 parking. Building amenities include pool, recreation center, gym and more! Everything is just steps away from your doorstep; Skytrain, restaurants, shopping, gyms, schools, Pier Park, and more!
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501-630 Victoria Street

We're not just selling a home, we're selling the community. With a walk score of 96, it's no doubt that our newest listing at 503-610 Victoria Street is in a prime location. Take a look at our community profile to see what's in the area! Contact Amalia Liapis at 604-618-7000 or at amalia@wesellvancouver.ca for more details. Additional information can be found here

 

 

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Vancouver West Statistics

Our last blog was on the Real Estate Board of Greater Vancouver's residential statistics for Vancouver East. Today, we'll be looking at Vancouver West. As you can see, year over year, the three property types have seen a decrease in unit sales. However, if we were to compare on a monthly basis, from October 2016 to November 2016, there has been a decrease in sales for detached properties and condos of 11.54% and 1.66%, respectively, and an increase of 54.17% for townhomes.

As for the MLS HPI Benchmark Price, there has been an increase across the board when comparing between 2015 and 2016 in the months of October and November, which is a similar trend for Vancouver East. When comparing October 2016 figures with November 2016 figures, there are mixed results. There was a 1.36% decrease for detached...

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Open House. Open House on Saturday, December 17, 2016 11:30AM - 1:30PM Saturday, Dec 17th, 11:30am - 1:30pm
Please visit our Open House at 503 610 VICTORIA ST in New Westminster.
Open House on Saturday, December 17, 2016 11:30AM - 1:30PM Saturday, Dec 17th, 11:30am - 1:30pm
WATER VIEW - The Point, located in the heart of New Westminster's Downtown core! This spacious 1 bedroom, 1 bathroom 630 sq ft home boasts beautiful city and water views. Features floor to ceiling windows, hardwood flooring, walk-in closet, fireplace and a covered balcony. Open concept kitchen w/ stainless steel appliances, granite countertops & breakfast bar. Cheater ensuite w/ granite, overmount sink and deep soaker tub. Includes 1 parking. Building amenities include pool, recreation center, gym and more! Everything is just steps away from your doorstep; Skytrain, restaurants, shopping, gyms, schools, Pier Park,...
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New property listed in Downtown NW, New Westminster
I have listed a new property at 503 610 VICTORIA ST in New Westminster.
WATER VIEW - The Point, located in the heart of New Westminster's Downtown core! This spacious 1 bedroom, 1 bathroom 630 sq ft home boasts beautiful city and water views. Features floor to ceiling windows, hardwood flooring, walk-in closet, fireplace and a covered balcony. Open concept kitchen w/ stainless steel appliances, granite countertops & breakfast bar. Cheater ensuite w/ granite, overmount sink and deep soaker tub. Includes 1 parking. Building amenities include pool, recreation center, gym and more! Everything is just steps away from your doorstep; Skytrain, restaurants, shopping, gyms, schools, Pier Park, and more!
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FOR SALE - DOWNTOWN NEW WESTMINSTER APARTMENT

Beautiful city and water views from this spacious 630SF one bed and one bath unit in the heart of Downtown New Westminster. This property is in a prime location just steps away from transit hubs, restaurants, shopping, gyms and more! Asking Price: $330,000.00. More details here.

Contact Amalia Liapis at 604-618-7000 or at amalia@wesellvancouver.ca for additional information on this property!

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Vancouver East Statistics

Wondering what the residential sales statistics for Vancouver East are for October and November? Take a look below for a comparative analysis for detached properties, condominiums and townhomes. As you can see, for the most part, there has been a drop in sales when comparing year over year. If we were to look at the change from October 2016 to November 2016, we can see that sales have actually gone up. The sales increase percentages are as follows: 19.7% increase for detached properties, 35.78% for condos and 5.26% for townhomes.

While the one-year changes for the benchmark price have seen an increase across the board, it's a different story when comparing October 2016 figures with November 2016 figures. There has been a decrease for detached properties, condos and townhomes of 2.83%, 2.71%...

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I have sold a property at SL84 142 HASTINGS ST E in Vancouver
I have sold a property at SL84 142 HASTINGS ST E in Vancouver.
This 968 sq ft retail unit has 10 ft of street frontage along Hastings St. With large glass display windows facing the street and floor to ceiling glass in the rear of the unit overlooking the building's atrium. The space has great natural light. Ideally suited for café/retail or professional uses. The mixed use building has 97 residential units directly above that are 100% sold out and occupied. The ground floor has 10 commercial units in varying sizes. A good sized loading bay directly behind the unit makes for easy access and underground parking stalls still available. This part of the city is under major revitalization. The development sits on the border of Gastown/Chinatown which has become one of the most sought...
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