February 2018

There are 3 blog entries for February 2018.

 

Multiple Offers on Condominiums and Townhouses the "New Norm"

Many condos jumped 25% or more year-over-year in 2017 and that strength is continuing in early 2018. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm," says Jill Oudil, Real Estate Board of Great Vancouver (REBGV) president. What does this mean for first-time home buyers or those who are trying to get into the market? 

Knowledge

Know exactly how much you can afford or how high you can go; this includes being pre-approved for a mortgage so it shows the seller you are serious about the offer you are making. Research the market and know exactly what is within your budget.

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Declaration Due By February 2, 2018 March 5, 2018 

Only 1 in 10 homeowners in the City of Vancouver submitted their declaration form so the city has decided to extend the deadline for one month. If you live in the City of Vancouver, have you submitted your Empty Homes Declaration Form yet? We've provided the link below for quick reference on how to submit the form. Even if your home is occupied or is your primary residence, you are still required to submit the declaration. Otherwise, the city will assume that your home is empty. Submit before the new deadline! 

Why and How? 

According to the Canada Mortgage and Housing Corporation, the vacancy rate in Vancouver remains below 1% (0.9%) as of a report that was released on November 28, 2017.

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Photo Sources: 1001Gardens

We really enjoy checking out the Home + Garden Show each year - we love interior design but we also love tending to our garden. We had quite the garden of produce last year; here's to hoping it will be another plentiful season this year!
Don't know what to check out when you go? We're excited to see the "Feature Gardens" and "Tiny Home Village" exhibits. The Feature Gardens exhibit is going to focus on gardens big and small, so regardless of whether you live in a home or in an apartment, you'll be able to gather some great ideas. 

Dates, Times, Location

Wednesday, February 21 from 4pm to 9pm
Thursday, February 22 from 12pm to 9pm
Friday, February 23 from 12pm to 9pm 
Saturday, February 24 from 10am to 9pm
Sunday,

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