Research found that homes with virtual tours can sell faster and at higher prices Key Findings Only 17% of the market was proactively using virtual tours and videos in 2019 43% of homes still provide less than 20 photos; 14% provided less than 10 in 2019 Houses for sale featuring digital tours tended to sell […]
Takeaways: 19 agents directly referenced COVID-19 or Coronavirus by name in their listings remarks Several agents decided to postpone showings all together In total, 52 agents cancelled their open houses, instead opting to offer private viewings or provide a virtual tour of the home 145 listings promoted private showings or viewings of homes 39 listings […]
20 luxury condos on West Cordova, Georgia Street, Marinaside Crescent and Homer Mews experienced a $2.5–to–$5.8 million drop in value due to 2020 BC Assessment Landowners across British Columbia eagerly await the yearly property evaluation performed by BC Assessment. The results help determine the rate of taxation those who are lucky enough to own property […]
Are Vancouver’s insane housing prices and tight mortgage rules pushing buyers to look for houses with a basement suite? Houses with ‘mortgage helpers’ in Greater Vancouver sell for $34,000 more and 4.5 days faster Greater Vancouver housing prices are among the highest in North America due to factors like proximity to natural beauty, accessible outdoor […]
Ever since the 1986 World Exposition in Vancouver, the city and surrounding areas have come to be seen as some of the most desirable locations to live on Earth—with housing prices reacting accordingly. Vancouver is blessed with natural beauty unparalleled by any city in the world. The North Shore Mountains are in plain sight from […]
This means that if you have no other debt and your average household income is over 120000 to 140000. Alternatively, your house in port Coquitlam becomes about 4 years newer. We know this is probably not what you were expecting from the news. British Columbia province experienced one of the world’s largest modern house price […]
The question of whether or not rental restrictions in strata buildings should be banned has been hotly debated in recent years. Banning all restrictions on rentals units would instantly create an inventory of available homes, as currently empty homes could now be rented out. Vancouver’s housing crisis being largely an issue of supply, this additional […]
More than 72 thousand Metro Vancouver condos built between 1980-2000 suffered from leaky condo syndrome. An oversight in the design and construction of these homes led to the water damage caused by exposure to heavy rain. It would be fair to say it rains a lot in Vancouver, at times, heavily. The damage cost individual […]
Those who sold the ten most expensive Greater Vancouver properties in 2019 might not believe that last year was a down-market. That’s because the tenth most expensive home sold for $9.8 million and the most expensive sold for 36 percent more at $15.5 million, according to MLS data gathered by data scientists at Roomvu, a […]
How much would you pay in order to live on the 50th floor of a high-rise? We estimate that you have to pay almost twice the price of an equivalent unit on the 10th floor or 2.7 times the price on the first floor. Would you pay twice, three-times or quadruple the price to live […]
