Vancouver Real Estate News

Latest real estate news from Vancouver BC and Canada by Jay Banks and his Vancouver Homes team

Retiring? Should You Rent or Buy?

People approaching retirement who plan to move to a new home have to make a difficult decision — should they rent or buy? Many Canadian retirees are accustomed to owning a home and consider it the only solution. A 2012 study conducted by BMO informed that more than half of Canadian homeowners expect they’ll have a mortgage in retirement.

With Pets at Home Come Great Benefits

A lot of pet owners realize the immediate joys that come from sharing their homes with their companion animals. But there are much bigger benefits to living with a pet than waking up to your dog lovingly licking your face. The human-animal bond has proven to bring many physical, emotional, and mental benefits.

Vancouver Home Sale Activity Increases in July

Sunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009. According to the Real Estate Board of Greater Vancouver (REBGV), residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service in July 2013.

Making the Most of a Home Inspection

A new home isn’t just an investment. It’s the place where you and your family live and grow. The last thing any new homeowners want is for their home to turn out a burden in disguise. One of the best ways to avoid buying a lemon is to hire a professional home inspector. Most of us probably couldn’t tell if a house were in order just by looking at it, and there could be big problems we wouldn’t even notice before moving in.

Slowing Housing Market Shouldn’t Put Canadian Banks at Risk

The Bank of Canada warned that Canada’s economy may be at risk due to certain overheated segments of the real estate market, particularly Toronto’s condo market. The main national risk factors are imbalances in the housing market and high household debt. Furthermore, the Bank of Canada still believes that the euro-zone crisis represents the biggest international risk.