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How To Buy Your First Home: A No Non-Sense Step-by-Step Guide

You know want to buy a home — you're just not sure where to begin. And no wonder: Buying your first home can be a long, intimidating process, full of gross stuff like math, legal documents, and cutthroat competition. But have no fear: First-time buyers just like you do it all the time, and we'll walk you through the process. The First Step First, you've got to make sure you're emotionally and financially ready to buy a home. Hopefully you've spent the past...

The 9 Hottest Interior Design and Decor Trends You’ll See in 2018

When it comes to home design and decor, we'll be the first to tell you to stick with what you love, no matter what the pros say. But if you can't escape that sinking feeling each time you walk through your front door that your decor is looking a little tired, well, don't despair. We've got you covered! We've already talked about the design trends you should ditch in the coming year. Now let's take a look at some of the hot new designs you might want to use...

Vancouver sales up 26.2% last month

There was a jump in home sales in greater Vancouver in November, up 26.2% year-over-year. Greater Vancouver Real Estate Board reported that the 2,214 sales eased 7.5% from October but were 17% above the 10-year November average. “We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said. There was a 31.8% rise in detached home sales (841) year-over-year while apartment sales gained 25.7% (1,508). New Listings Meanwhile...

Home-Selling Checklist

Home-Selling Checklist: 12 Things to Do Before Selling Your House   Getting ready to sell your house? Then it's time to roll up your sleeves and get to work! Selling a home, after all, entails a whole lot more than just planting a "For Sale" sign on your front lawn or uploading a few random photos of your place—especially if you’re angling for the most cash. (And, honestly, who isn’t?) So before you put your house on the market, peruse this checklist of things you must do in preparation....

Tour de Force: Don’t Make These 10 Huge House-Hunting Mistakes

You've been thinking about settling down and buying a home for a while now, and you finally think you're ready. It's time to tour some digs! Wait a minute But hold up—you need a game plan. House hunting is about more than popping into a few open houses and picking the one you like best. In fact, there's a science to it: A smart search means you'll save time, money, and your sanity during the rest of your home-buying process. Read More ...

8 Rookie Mistakes That Keep People From Selling Their Home

Rookie Mistakes If your home is struggling to catch the eye of a buyer, it could be for an entirely valid reason. Maybe you're stuck in a sluggish market or have the poshest place on the block (always a tough sell). But there's another possibility, too—your home could be sitting on the market because of a rookie selling mistake. All of us can make 'em, even those of us who actually have a few home sales under our belts. Read article here: Mistakes that keep people from selling their home...

Resale fears abound across demographics!

According to the results of the latest poll conducted by CIBC, nearly two-thirds (62 per cent) of Canadian home owners are hesitant to sell their properties because of the prevailing climate of elevated home prices that would make it more difficult for them to get their next houses. This fear cuts across the demographic spectrum, despite the survey finding that around two in five Canadian home owners (41 per cent) are contemplating on making generous profits by selling their homes in...

The Future of B.C. Housing

The Future of B.C. Housing British Columbia has always been a coveted place to live—and priced at a premium compared to the rest of the country. Divine aesthetic, on-demand year-round leisure and the inspiration of towering mountain ranges and ocean views don’t come cheap. But the province has never been as unaffordable as it is today, with Vancouver now mentioned along such global centres of commerce as New York, London, San Francisco and Sydney, with its housing and real estate suddenly subject...

Preparing Your Home for Sale

When you’ve decided to sell your home, the last thing you want to do is spend money to spruce the place up. After all, whoever buys it is going to replace those outdated kitchen cabinets and grungy bathroom tiles anyway, right? “We’re often asked why any money should be spent freshening,” said Mickey Conlon, an associate broker with Douglas Elliman Real Estate. “The answer has to do with the psychological effect of assessing a renovation on a prospective purchase. Buyers assign...

6 Costly Mistakes First-Time House Flippers Make

When you’re flipping a house, time is money. And you don’t have time to make a lot of rookie mistakes. That’s what Steve Cederquist learned when he first began renovating and flipping properties in 1994. “I bought a house with a bad foundation and lost $30,000 on the deal,” says Cederquist, a general contractor who’s now a veteran house flipper and president of Cornerstone Property Services in Huntington Beach, CA. “I didn’t think I’d have to do much to a 1,200-square-foot house....

Housing Market Slows to a Simmer in BC

Vancouver, BC – August 11, 2016. The British Columbia Real Estate Association (BCREA) reports that 9,900 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, down 3.4 per cent from the same month last year. Total sales dollar volume was $6.57 billion in July, up 5.4 per cent compared to the previous year. The average MLS® residential price in the province was up 9.1 per cent year-over-year, to $663,411. "Housing demand has moderated in many regions of...

Strong BC Economy Fuels Growth in Commercial Real Estate

Vancouver, BC – August 31, 2016. The BCREA Commercial Leading Indicator (CLI) increased 1.7 index points in the second quarter of 2016, propelled higher by strong growth in the BC economy. The CLI index rose to a new high of 122.2, up 2.2 per cent compared to the second quarter of 2015. "The recent uptrend in the CLI is reflective of a strong underlying economy and accelerated employment growth," said BCREA Economist Brendon Ogmundson. "The CLI was further boosted by a...

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales

Vancouver, BC – September 13, 2016. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar volume was $5.1 billion in August, down 6.7 per cent compared to the previous year. The average MLS® residential price in the province was $569,393, a decline of 8.1 per cent compared to the same month last year. "Strong...

Jurock’s Real Estate News – Nov.13

Nov.13 to Nov.20, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: CMHC'S HOUSING OUTLOOK IS ROSY AND REALISTIC CONDO LANDLORDS BANK ON INCOME HOTTEST B.C. MARKETS IN 2015 ASSESSMENT RULING UPROAR: MILLIONS, PERHAPS BILLIONS LESS IN TAX PAYMENTS INVESTORS AWAKEN TO SUNSHINE COAST MARIJUANA RULES AFFECT REAL ESTATE OIL PIPELINES NOT NEEDED? REALITY COULD AFFECT REAL ESTATE INVESTORS RENTAL INVESTORS: TIPS TO USING CMHC INSURANCE MORTGAGE DEBT SLOWS AS HOME SALES INCREASE CMHC's Housing Outlook Is Rosy And Realistic The annual Housing Outlook conference held by Canada Mortgage and Housing Corp. November...

Jurock’s Real Estate News – Nov.6

Nov.6 to Nov.13, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: BOB RENNIE EXPLAINS 20% THEORY A NEW MONEY HUB? FOR DEVELOPERS, IT IS ALL ABOUT THE DIRT METRO LAND WORTH MORE THAN WHAT IS ON IT WHERE CHINESE ARE BUYING IN THE U.S.A WINDSOR THE MOST AFFORDABLE CITY? NO CONTEST WITH WATERFRONT HOUSES FOR $164K TORONTO'S NEW CONDO MARKET REMAINS WHITE-HOT PWC'S PICK OF TOP CANADIAN CITIES FOR 2015 I N T E R N A T I O N A L: QUESTIONS, QUESTIONS Several questions this week regarding Japan's major...

Jurock’s Real Estate News – Oct.23

Oct.23 to Oct.30, 2014 "When a market goes down fast, you have no idea how low it can go." -Dennis Gartmann THIS WEEK: SUBURBS THAT ARE UNDER PERFORMING THE MARKET (OR HOW TO STAY IN METRO VANCOUVER) TOWNHOUSE PRICES A BEST BUY $600,000 PAYS FOR A LOT OF FERRY FARES BUYING A RENTAL WITH TENANTS IN PLACE WHAT APARTMENT MARKET GURUS ARE SAYING 7 HOT SASKATCHEWAN TOWNS RICH IMMIGRANT 'DECEPTION' COST CANADA BILLIONS HOT PROPERTIES SELL FAST HSBC IS NOW OFFERING A .99% MORTGAGE FOR 2 YEARS $75 OIL IMPACT IN PIPELINES? I...

Jurock’s Real Estate News – Oct.16

Oct.16 to Oct.23, 2014 "There is little success where there is little laughter." -Andrew Carnegie. THIS WEEK: BLACK WEDNESDAY STOCK CRASH SITE C DAM GIVEN GREEN LIGHT INSTANT TOWNS RISING IN NORTHERN BC BUCK THE LOONIE; BUY IN THE U.S. NOW CANADIANS BUY $563M IN U.S. COMMERCIAL REAL ESTATE - IN JUST SIX MONTHS SASKATCHEWAN LAND PRICES ARE SOARING VANCOUVER NEW HIGH-RISE CONDO SALES NEED ASIAN BUYERS AND LOTS OF THEM I N T E R N A T I O N A L: BLACK WEDNESDAY? With Toronto down 12% since...

Jurock’s Real Estate News – Oct.2

Oct.2 to Oct.9, 2014 FACTS THIS WEEK: EARLY VANCOUVER NUMBERS - BEST IN 4 YEARS CHINESE BUYERS WILL KEEP COMING IF WE DON'T BORE THEM TO DEATH TROUBLED CITIES SHOW REAL ESTATE RESILIENCE VANCOUVER LAND LISTINGS REVEAL TOWERING PRICES PROPERTY TAX RULING MAY AID B.C. RETAIL TENANTS DON'T SWEAT THE DOWNTURN IN US HOUSING SALES INTEREST RATE PREDICTIONS WITH A GRAIN OF SALT I N T E R N A T I O N A L: Chinese Buyers Will Keep Coming If We Don't Bore Them To Death There is...

Jurock’s Real Estate News – Sept.25

Sept. 25 to Oct. 2, 2014 FACTS THIS WEEK: THE RICH ARE MULTIPLYING AND TRENDS ARE EMERGING RICH-OTHER GAP HAS SPACE FOR ENTREPRENEURS MODULAR HOME PARKS MUCH BETTER DEAL IN THE U.S. 10 TIPS FOR INVESTORS TOUGH, FAIR AND SMART: PROPERTY MANAGEMENT NO PLACE FOR THE TIMID CHAOS WARNING IN VANCOUVER HOME BUILDING HARRISON HOT SPRINGS Questions, Questions Q: A lot of talk about the big Vancouver Housing crash in the Huffington Post. Ozzie, your thoughts please. A: Yes, Hilliard MacBeth was quoted saying just that: "...

Jurock’s Real Estate News – Sept.17

Sept. 17 to 24, 2014 "Never stop and say, 'I have done enough.' When you say that you are going backward, not forward." -Morley Greene FACTS BY EMAIL THIS WEEK: Real Estate Outlook 2015 Covered All The Bases Debt & Demographics Lessons From An Illustrious Career On The Ground In Northeast BC Two Alberta Towns To Invest In Now Formula For Investing In Phoenix Whistler: Move Fast For Opportunities Saltspring: A Love Power Of Property Management Tip Of The Week: MORTGAGING THE AGING - DISCRIMINATION? HOW DO YOU DO IT?! Real Estate Outlook...

What Makes a Good Mortgage Broker?

I was asked the other day what makes a Mortgage Broker a good Mortgage Broker and I have always had an answer to that question but I thought I’d do a little research to see what an answer might look like coming from a third party. This is what I found: The MBRCC (Mortgage Broker Regulators’ Council of Canada) conducted a survey and the results formed a few interesting findings and they help to form an answer to the question I was...

No Vacation for Home Buyers in August

Vancouver, BC – September 12, 2014. The British Columbia Real Estate Association (BCREA) reports that a total of 7,341 residential sales were recorded by the Multiple Listing Service® (MLS®) in August, up 7 per cent from August 2013. Total sales dollar volume was $4.1 billion, an increase of 12.4 per cent compared to a year ago. The average MLS® residential price in the province rose to $560,318, up 5 per cent from the same month last year. “Consumer demand remained relatively...

Jurock’s Real Estate News – Sept.10

Sept. 10 to 17, 2014 I N T E R N A T I O N A L: Soggy Phoenix Sees Less Homeowners Underwater Phoenix, Arizona is experiencing record rainfalls and flooding this week and the high-flying housing investment market is receding - but less homeowners selling are underwater, mortgage wise. In July, home sales and prices dipped. Sales fell 4.5 percent from June and 18 percent from July 2013. The Valley's median sales price was $210,000 in July 2014 according to...