Author: Jasmohan Singh Bains

Real estate market specialist, Jasmohan Singh Bains, talks about what to look for when you’re buying a home in the current competitive environment. true biz.com truebiz.com For many people, a home is the biggest purchase they’ll ever make so it makes sense to get it right. Throughout this interview, we explore with Jasmohan what matters most when looking for a place to live in Vancouver: (1) if the neighbourhood is safe and walkable; (2) how many bedrooms you need and how much parking you want; and (3) whether you want a single-family house or condo apartment. What are your views…

Vancouver Housing Market Update – Vancouver housing market has been expanding for a while. With home prices rising more than 35 percent since early 2014. The average value of a family home now surpassing one million dollars. Keeping that consideration, it’s essential that you understand the current condition of the Vancouver property market. Which is exactly what this article will cover! Vancouver Housing Market Update: The Current Situation There is no denying that the Vancouver housing market is now facing some downturn. Costs are rising, sales are falling, and there is a general concern. So that, if you’re considering buying…

Vancouver is the most expensive real estate market in Canada, and the third most expensive in North America. At first this may sound odd for a city where the average income is roughly $65,000, but it has a lot to do with foreign investment. The Cost of Vancouver Real Estate When it comes to the cost of living in Vancouver, real estate is one of the biggest expenses. For retirees, this can be a especially difficult burden to shoulder. Thankfully, there are some options out there for those who are looking to downsize and save on costs. One option…

While Metro Vancouver’s home prices remain high, the price of single-family homes in two rapidly growing markets in the area has seen a sharp decline recently, according to one industry group. HouseSigma uses AI to compare history lists and measure current values ​​in real time. Its latest data compares prices from February and May 17, 2022. In Surrey, inflation has dropped from $ 1.9 million to $ 1.59 million – down 16.3 percent. In Langley, prices have dropped from $ 1.75 million to $ 1.5 million – a decrease of 14.3 percent. While high interest rates are said to cool…

With its latest economic perspective, Central 1 also predicts a shift in consumer and tourist services, as well as increased business investment. B.C. it may be cool, but there is good reason to be optimistic about the province’s economy. Central 1 Economics is doing just that in its new economic vision for 2022-24. “As we enter the third year of the epidemic, British Columbia remains economically stable, as it faces many challenges better than its provincial counterparts,” the report said. “We plan to grow the economy by 5 percent by 2021 after securing a contract by 3.8% by 2020, while…

The change has come at two of the most expensive apartments in Metro Vancouver. West Side of Vancouver and West Vancouver are now a consumer market. Changes in the market conditions of single-family homes in these areas were noted in the June 2022 issue of the monthly rennie review. Rennie is a large real estate company, which always comes up with market reports and analysis. On June 6, Straight reported that the housing market in the suburbs of Greater Vancouver’s real estate is now statistically accurate. The Real Estate Board reported that the average sales of single-family homes in May…

The Bank of Canada says it is too early to talk about significant housing adjustments. And with sales starting to cool down, one of the things to look at is how investors will behave. How much prices may fall may depend in part on how these Canadian real estate buyers will react to rising interest rates and other market conditions. As the central bank states in a recent report, investors could “increase housing price cycles”. Will investors go out of business when faced with volatile prices? “The sudden turnaround in real estate investments seen during the violence could increase inflationary…

Strengthened by the white hot housing market and global demand for goods, economic growth of B.C. led major provinces last year. Do not expect that speed to continue in 2022, The bank predicts that the West Coast economy will grow by 4.2 percent this year – down from 2021 which has grown by 5.9 percent. Last year B.C. registered the highest rate of economic growth among the four major provinces, and the second in Canada was Prince Edward Island. Economists Robert Hogue and Carrie Freestone said in a report on Tuesday that B.C. will fall “in the middle of the…

After a hot game, the Vancouver housing market finally reverses the game. According to the latest market figures from the Real Estate Board of Greater Vancouver (REBGV), after reaching record-setting levels by 2021, real estate transactions have returned to normal levels at Metro Vancouver with low prices this spring. REBGV says rising interest rates are a major cause. The coastal city real estate board reports that the sale of residential real estate in the region reached 2,918 in May 2022, a significant decrease of 31.6% from 4,268 sales recorded in May 2021, and a 9.7% decrease from 3,232 homes sold…

The Canadian housing market is facing a crisis. Problems facing the Canadian majority sector were highlighted in the state budget presented in the lower house on April 7. The Justin Trudeau government has introduced measures to address the issue, such as preventing immigrants from buying property. a period of two years. According to the Canadian Real Estate Association (CREA), the average price of a house in Canada in February stood at $ 816,720 Canadian dollars (€ 598,000). The CREA, with a membership of nearly 130,000 housing workers, is 20.6% higher than in the same month in 2021. Medium national costs…