Sales down but prices up: latest forecast from B.C. Real Estate Association

The B.C. Real Estate Association is out with its Third Quarter Housing Forecast update, and it’s predicting a 10% decline in the number of sales this year.

But it says strong economic fundamentals are supporting consumer demand that is expected to keep home sales at elevated levels this year and in 2018.

FOR THE FULL STORY CLICK HERE

What’s pushing Vancouver home prices higher now?

Home prices in Vancouver continue their ascent a year after the BC government imposed a foreign-homebuyer tax on the metro area a year ago, and it has a lot to do with an insufficient supply of housing, TD Bank observes.

“We don’t anticipate a significant drop in home prices in any way. Interest rates are going up but they’re going up very gradually, and really what matters is the supply-demand balance of home price,” Diana Petramala, TD Bank economist, tells BuzzBuzzNews.

For the full story click HERE

LIVE VANCOUVER WWW.CARMENLEAL.CA 604-218-4846

Contact Carmen Leal​ your Vancouver Real Estate Specialist.

I am here to guide you through all the steps of a purchase or sale.

Most important I am here to make you money-Contact me to set up an appointment.

Vancouver Holds On in World’s Top 3 Most Liveable Cities

Despite its points sliding slightly, Vancouver has held onto its third-place ranking for the seventh consecutive year in what is arguably the most-respected global liveable cities chart.

The Economist Intelligence Unit (EIU) placed Vancouver third under Melbourne, Australia and Vienna, Austria. Toronto came in fourth place, just a hair behind Vancouver in points, whereas in previous years Vancouver enjoyed a bigger lead over Toronto. Calgary was in joint fifth place with Adelaide, Australia.

FULL STORY CLICK HERE

B.C. tenants are about to get hit with the largest rent increases allowed in five years

Every year, the B.C. Residential Tenancy Branch sets the maximum allowable percentage by which landlords are legally permitted to increase rents.

Because there is an acute housing shortage in Vancouver, it means that that percentage is the exact amount by which most landlords do raise rents.

Yesterday (August 23), the Residential Tenancy Branch revealed this number for the year ahead, and it’s a big one.

In 2018, landlords are permitted to increase rents in B.C. by four percent.

CLICK HERE FOR THE FULL STORY

ANOTHER HAPPY CLIENT!!!! Thank you for the kind words

To say Carmen does her job well is an understatement. Carmen is always available, always patient, and always professional. Her advice is sound and her sixth sense on Vancouver real estate is unparalleled. With her help, we have been successful in acquiring investment properties and securing good people to rent these properties. Carmen goes beyond what is expected, she makes sure that her clients are happy with their real estate experience. She takes the "scary" out of real estate. Her stellar judgement and her caring detailed approach makes her excel at her passion, selling the Vancouver dream to own real estate.   - WR

Thank you

"We had previously tried to sell our house a few times, but with no success. We went though a couple of agents trying to do so. Then a friend introduced us to Carmen. Right from the start we realized we made a right decision. She was very articulate, patient and professional. We love the creative marketing that she created for our home, which included a cinematic film, gorgeous daytime/twilight photos. Best marketing in town!! During the offers and counter offers, Carmen turned out to be not only our agent, but also a very good negotiator, by getting us over our asking price. We are extremely happy and highly recommend Carmen Leal to anyone.

Mr. & Mrs. Canovas"