For every 100 basis point hike (1%) in borrowing rates, home prices would need to come down a corresponding 10% to match affordability. Do I think Vancouver home prices are headed for that type of correction? So far condo prices have barely been touched and affordability is at an all time low. The main reasons is inventory which remains ultra low as sellers are holding firm for now.

Some Saturday motivation on the traits that all successful people possess. The positive outlook you must possess, and how most are optimizing all facets of their life.

Former US president Ronald Regan once famously said "Government is not the answer to the problem. Government is the problem." In my opinion this is certainly true when it comes to the BC NDP, and to some extent the Federal Liberals and the myriad of taxes and restrictions they continue to introduce to try and make homes and rents more affordable. Is it working? Trying to make homes more affordable by curbing demand via taxes is never a good idea. Instead we should be working the supply side and building more homes to meet the demand.

Seeing some cracks starting to form in the newly completed luxury condo market in Downtown Vancouver. Unlike the tangible market, in some of these newly completed strata there are plenty of listings and competition and prices are in a slow but steady decent. The successful sellers are getting the proper council from their Realtors on pricing, comparables and the current status of this market. Many sellers however are not, and their units are racking up major days on market as the prices continue to soften.

We really are in uncharted waters with the BOC and the 7 interest rate hikes for 2022. At this time last year's inflation was not seen as a big problem, and interest rates were going to be staying low. 10 weeks later we had the first of 7 consecutive hikes. What impact will this have on sellers and buyers? Inventory remains low which has been keeping prices from falling too much so far. What about home owners who have been using home equity lines of credit? Only time will tell as we move into 2023.

The first step into home ownership or buying an investment property is hiring the right Realtor. Here are some of the important services an experienced Realtor will provide.

It’s been a while since I recommended some of the books I’ve been reading lately, so here are a few that I really enjoyed and some of the takeaways from them.

I just finished uploading this Apartment/Condo for sale, 2202 2202 388 DRAKE STREET, Vancouver West, BCUnique & Rarely available designer suite on high floor at Governor's Tower in Yaletown. The '02' floor plan is the best layout w/SOUTH facing, unobstructed & panoramic views of David Lam Park, False Creek, Water & City. Featuring large 100sqft covered, sun-soaked, south-west facing balcony. Completely RENO'd suite with custom build-ins in living & dining, home office, & bdrms. The spa-like baths feature large tiles imported from Spain, rainfall showers, spacious cabinetry & elegant fixtures. 24/7 Concierge & pro-active, well maintained strata, rain-screened in 2011, including: new windows, elevators (2021), & re-piping (2017). Recent ...

I just sold this Apartment/Condo at 2202 688 ABBOTT STREET, Vancouver West, BC Downtown VW.View this recently sold Apartment/Condo or see all my home sales

I just finished uploading this Apartment/Condo for sale, 321 321 1238 SEYMOUR STREET, Vancouver West, BCWelcome to Space. This gorgeous 2 level Loft home features an incredibly open floor plan, floor to ceiling windows, updated design features, plenty of in-suite storage space, and a walk in closet complete with organizers and drawers. The modern kitchen has been updated with quartz countertops and newer appliances. Fantastic eastern exposure and a quiet location in the building. Enjoy the spacious outdoor rooftop deck, well equipped gym and media room, plus plenty of bike storage in the building. Conveniently located just steps away from Yaletown and the Seawall, including many everyday conveniences & activities. Unit comes with one e ...