Emily Vu, Personal Real Estate Corporation

In May 2024, the Metro Vancouver real estate market experienced a decline in the number of transactions compared to typical seasonal patterns. Greater Vancouver REALTORS® reported a total of 2,733 residential sales, marking a 19.9% decrease from May 2023 and a 19.6% decrease from the 10-year average for May. Factors influencing this trend include higher borrowing costs, economic concerns, and government policy interventions. Despite a 12.6% increase in new property listings compared to May 2023, the...

Canada's consumer price index fell to 2.7% in April from 2.9% in March, driven by slower food price growth, according to Statistics Canada. Food prices still increased but at a reduced rate of 1.4% in April compared to 1.9% in March. The cost of meat was the primary factor in this decline, along with non-alcoholic beverages, bakery and cereal products, fruits and nuts, and seafood.

In April, Canada unexpectedly added 90,000 jobs, though unemployment remained steady at 6.1%. The Bank of Canada maintained...

Ngày 3 tháng 4 năm 2024, Bộ trưởng Tài chính Katrine Conroy đã đưa ra dự luật để thực thi Thuế Mua bán Nhà BC mới (HFT), nhằm vào việc mua bán nhà và đầu cơ ngắn hạn để giải quyết vấn đề về giá cả và cung cấp nhà ở. Tính từ ngày 1 tháng 1 năm 2025, những căn nhà được bán trong vòng một năm sau khi mua sẽ chịu mức thuế 20% trên lợi nhuận, và mức thuế này sẽ dần giảm về 0% sau hai năm. Bà Conroy ước tính rằng HFT sẽ áp dụng cho khoảng 4.000 giao dịch mua bán nhà hàng năm, dự kiến ​​sẽ thu được 43 triệu...

• In February, Canada's annual inflation rate decreased to 2.8%, contrary to economists' expectations of a rise to 3.1%. This decline was influenced by lower cellular services, groceries, and internet access costs. Rent and mortgage interest remained significant factors driving inflation. Gas prices rebounded slightly after a decline in January. New cell phone plans were notably cheaper than the previous year, contributing to lower inflation. The Bank of Canada's preferred measure of core inflation...

In March, Metro Vancouver's average rent prices have shown a decline after experiencing two consecutive month-to-month increases. According to the latest report from Liv.rent, the cost to rent a one-bedroom, unfurnished unit has decreased by $42 to $2,337 this March.

1. Coquitlam experienced the largest year-over-year rent increase in Metro Vancouver.
2. Metro Vancouver renters are now spending less on rent compared to the same period last year.
3. Average rent prices in Metro Vancouver are displaying evident...

✅New MLS listings surged by 31% year-over-year, fostering optimism for an active spring market.
✅The total number of properties for sale increased by 16.3%, reaching 9,634—slightly exceeding the 10-year average.
✅February sales saw a 13.5% uptick, although remaining below the 10-year seasonal average.
✅The benchmark price for all residential properties in Vancouver showed a significant 4.5% increase, reaching $1,183,300.
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✅ Số lượng bài đăng mới trên MLS tăng 31% so với...

• Projected MLS® residential sales are expected to increase by 7.8% to 78,775 units in 2024.
• Further strengthening is anticipated in 2025, reaching 86,475 units.
• The recent decline in fixed mortgage rates and potential Bank of Canada rate cuts contribute to an optimistic outlook for 2024.
• Chief Economist Brendon Ogmundson foresees a delicate balance between rising sales and normalizing inventories, resulting in a relatively quiet year for prices.
• Expectation that the Bank of Canada will lower its...

Feng Shui-Inspired Home Staging Tips

When you’re selling your home, you want to make it as attractive as possible to buyers. One compelling strategy that has been gaining traction is the application of Feng Shui principles to home staging.

How?

Embracing Feng Shui staging techniques starts with decluttering. Clutter restricts the free flow of 'chi' or positive energy. Hence, a clean, clutter-free space is crucial. It promotes an open, spacious feel, which in turn evokes a sense of tranquillity...

Landscaping may not be the first thing that comes to mind when selling your home in autumn. However, the outside of your home is still the first thing buyers see, so it’s worth exploring ways to update your landscaping to create a cozy and welcoming feel. Here are just a few ideas:

1. Add potted plants: Potted plants are an easy way to make your outdoors more attractive, especially along walkways and around your front door. And, because they’re potted, they can quickly be removed should...

• Inflation in advanced economies is decreasing, but core inflation remains high, so central banks are focused on price stability.
• Global growth slowed in Q2 2023, mainly due to a slowdown in China. Weakness in China's property sector has lowered growth prospects.
• The U.S. saw stronger-than-expected growth,...

Burnaby, một lần được coi là nền tảng mới so với Vancouver, đang phát triển mạnh. Với thành công của Metrotown, Burnaby đang áp dụng mô hình cộng đồng cho ba khu vực: Edmonds, Royal Oak và Cascade Heights.

Kiến ​​trúc đô thị và tích hợp cộng đồng, thành phố đã thể hiện rõ ràng họ đang tiến gần hơn đến quá trình đô thị hóa. Quỹ đạo tăng trưởng này đã...

• The solution for small housing involves strategies such as gentle densification and initiatives like the Gentle Density Network.
• Gentle densification aims to increase housing density in single-family zones by allowing additional units on existing properties, promoting affordability.
• The Gentle Density Network facilitates collaboration among professionals to share ideas, challenges, and solutions related to housing.
• The PAtH model, involving granting density bonuses for affordable units, is another...