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2019 Vancouver Real Estate Market to Watch. Best Forecast Strategy for Vancouver Housing Price

The beauty of any city is well seen by how people would love to work and live there. Vancouver is one of the cities in Canada where the population is increasing and is ranked at the top as the most populous city in British Columbia province. The main reason behind this great milestone is the home prices that are very high. In March/April 2019, buyers might get their opportunity since the Prices are subsiding and listing growing. The rise of interest rates and mortgage stress test rules are believed to causing the flat sales and price decrease lately. This is a waiting game for almost every Canadian housing markets and hence the lowest prices expected to come in March/April.

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“Huge wave “on Sale and Prices of Vancouver real estate, Down to more Level in History

Vancouver is an area desirable to live. Attractive with a clean and safe environment and mild climate due to the surrounding of mountains, and also full of outdoor recreation, it has raised the demand of housing which continues to grow tremendously within Canada and also overseas. A new study shows that there is a historical demand level as termed by The Real Estate Board of Great Vancouver since there is a drop in sales and prices for Metro Vancouver homes.

A report indicates that over 1,600 residential homes were sold in Vancouver in November. Home prices have dipped 4% to 7% in the past six months depending on the type of property. The conditions will be watched by the board in the first quarter of the year 2019 in order to see whether the buyer demand will pick ahead of the active spring market.

Real estate typically revolves around the world and new supplies are getting into the market. Due to the high level of immigration, population growth in Canada has accelerated in the last few years which is now growing fast. Canada’s future on affordable housing still remains bright. Policy makers in Real estate markets will have approved important key parts aimed at protecting tenants.

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2019 Sponsor parents, grandparents and members of your family to immigrate to Canada

Information is retrieved from Government of Canada.

1. About the process

Permanent residency in Canada can be gained if you submit the interest to sponsor form and later invited to submit a complete application. By doing so, you can sponsor your parents and grandparents to be permanent residents of Canada.

A MUST things to do include:

  • supporting them financially.
  • Ensure they don’t require any social assistance from the government.

2. Eligibility

Requirements to sponsor your parents and grandparents are:

  • Be physically living in Canada.
  • Age-18 years and above.
  • MUST be a Canadian citizen.
  • Living in Canada permanently.
  • Those registered as Indians in Canada MUST be under the Indian Act.
  • Have enough money to cater for the persons you want to sponsor.
  • Provide documents on sources of your income.

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2019 Vancouver Real Estate Outlook

In a word, the outlook for the Greater Vancouver real estate market in the next year is ‘good’ according to industry sources. The British Columbia Real Estate Association (BCREA) points to continued economic growth as contributing to a boost of sales in 2019. The Real Estate Board of Greater Vancouver (REBGV) cites historic trading patterns that will see average prices of detached homes dropping 21-percent in 2019.

MLS Sales Down From 2017

Cameron Muir, Chief Economist for the BCREA, says that Multiple Listing Service sales are projected to record a dip of 23-percent compared to 2017. However, he is confident that the strong economy “combined with favourable demographics” will have a positive impact on home sales in 2019. So much so, that Muir expects the sales figures to exceed the 10-year average in the next 12-months.

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Renting Vancover Condos : What is the Return on Investment (ROI)?

Forget gold, “invest in Vancouver real estate” is the message from the world’s biggest asset manager, Laurence D. Fink. Despite the craziness of Vancouver real estate, what is the actual ROI  these days base on rental income?  We all agree that the housing price is not going to be uplifting as fast as was it was  3 years ago. Many people are not in rush to sale or to buy a property. Instead, people a holding them and renting the units out.

1 & 2 bedroom condo has always been a popular option to purchase and rent due to high demands. Let’s look at the overall ROI in the major cities in Greater Vancouver.

Thanks to the latest information from rentboard.ca and zolo.ca. Below is the calculation:

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The Captivating Side of Vancouver’s Real Estate Market and Current Trends

Vancouver is the highest populated city in Canada. It’s classified as the top-five global cities with a good and affordable quality of life. It was ranked top 10 in the world’s most well-living towns and. This article reports the latest real estate statistics in Vancouver. It also provides an extensive analysis of all the real estate news and trends.

Vancouver’s real estate news economic trend has been forecast to grow to 2.5% in 2018. This shows an upward direction from recent years. From recent surveys in Canada, there’s a high investor demand and redevelopment opportunities expected to take place. However, most investors and regional developers expect an increase in interest rates, and it impacts on the policy changes. This will lead them to be more reserved or conservative in 2018. Due to this, the industrial veterans plan on preparing for a turnaround by:

  • Being more choosy and not in a rush in making their portfolios
  • Efficiency in operations
  • Holding off acquisitions by maintaining the present state of affairs

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5 Reasons Why Vancouver Real Estate Prices Are So Crazy

The city of Vancouver belongs to the Greater Vancouver Regional District. This dynamic city has the qualities of a port city and the charm of the Canadian mountains. It is impossible to talk only about the city of Vancouver, not to mention the surrounding districts such as West Vancouver, Richmond or Surrey to mention but a few.  Living in Vancouver means living in one of the most cosmopolitan and highest-quality cities in the world. All this raised it to the highest standards in real estate development worldwide and therefore housing prices are stratospheric. The reasons that real estate prices are so crazy:

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Vancouver Real Estate: Buy Now or Wait for Stability?

Vancouver, one of the largest Canadian states, is known for having the most unaffordable real estate conditions in Canada, and is currently being rated as the most unaffordable in the entire North American market! Fluctuations in Vancouver’s real estate market put it under continuous evaluation and analysis in attempts to provide the residents with educated suggestions on their investments in residential properties. The July/August 2018 residential properties market in Vancouver has been particularly remarkable with abnormal sales rates and price variations.

Summer 2018 Sales Rate in Vancouver

While the summer season is generally known to be a dormant period for the real estate market, this year’s summer sales in Vancouver are significantly lower than previous year’s rates. In fact, the reported values of 2,070 sold properties in July 2018 is the lowest that the market has seen since July 2000. The estimated overall property sales rate in July 2018 has been reported to be 14.6% less than the previous month (June 2018) and around 30.1% less than that of July 2017.

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Metro Vancouver Home Sale Supply Reaches Three-Year High

The supply of homes for sale in Metro Vancouver is rising but residential home sales in the region fell by 37.7 per cent in June. According to a report recently released by the Real Estate Board of Greater Vancouver (REBGV), home sales were 28.7 per cent below the 10-year June sales average thanks to stubbornly high prices even as more houses were added to the market.

“Prices are slow to adjust,” said Tom Davidoff, real estate economist with the University of British Columbia’s Sauder School of Business. “The price momentum has certainly slowed and there is reason to think you will see a further softening of the market going forward. Before prices fall, you tend to see sales activity fall first.”

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2018 Real Estate Pricing 10-Year Overview

Vancouver obscure a Major Market Correction

For years the Real estate industry has been among the most lucrative sector in the world. The sector has made some people who decided to invest in the sector super rich. Over the years the sector has grown tremendously. It is not surprising to see foreign investors pouring millions of dollars in the same industry. In the past real estate in Vancouver, was dominated by the local investors. However, recent stats have shown that the trend is slowly changing with non-resident slowly taking a piece of the real estate pie. These recent findings can be attributed to the hues and cries caused by activists and academics who believed that recent increase in Vancouver properties prices was due to non-resident purchases.

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