When you have a strong Sellers Market like we currently have in Vancouver Condos, you're going to see multiple offers on most units. You're also going to see listing Realtors like myself use holdbacks on offers to create a multiple offer situation. Buyers will often have to write a subject free offer when their in competition with other buyers for the same unit. In this video I will explain ways that you can minimize your uncertainty and risk over having to write subject free. And how a listing and marketing specialist like myself handles the sales process.

One of the only statistics that tells the real story about what a market is doing is the active sales to listings ratio.  Anything below 12% is considered a Buyers Market.  From 12-20% it’s a Balanced Market and over 20% it’s a Sellers Market. Right now in Vancouver we are at just over 70% so an extremely strong sellers market.   

I just finished uploading this House for sale, 11060 4TH AVENUE, Richmond, BCOne of the most affordable homes that you will find in Steveston Village! Well maintained, bright 4 bedroom charmer just a 10 minute walk to shops, restaurants and Garry Point Park! Features radiant heating, double car garage, 2.5 baths and an open area at the top of the stairs, perfect for an office! Open Sat, June 10th, 2-4 PM.

I have clients ask me on a regular basis if it makes sense these days to try and pay off their mortgage early. I guess for some people it might make sense. It’s certainly better than spending any excess money you have every month. However, with today's historically low, rock bottom interest rates it really makes very little sense to try and pay more than your regular monthly, or what I recommend bi-weekly mortgage payment. Keep in mind by switching to a simple bi-weekly payment schedule you will already be reducing the standard amortization from 25 years down to about 23 years. Trying to accelerate it more by making extra payments makes very little sense when you have a 2.3% mortgage rate. You would be much better off investing that ...

I have done blogs before on land assemblies now we have unit assemblies on condos. Last year the BC Strata Act was amended to make it much easier to sell an entire Strata in the province of BC. In the past, if the owners of a Strata wanted to sell the entire complex to a developer it required a 100% vote. Now it only takes an 80% vote in favour of selling. What I’m starting to see is small investors and developers starting to buy and accumulate multiple units in older Strata’s with the goal of eventually having enough units and influence to move forward with a vote to sell.