Team Berg Blog

Blog by Barry Berg

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Condos and townhomes in high demand across Metro Van

May 3rd, 2017
“Our overall market is operating below the record-setting pace from a year ago and is in line with historical spring levels. It’s a different story in our condominium and townhome markets," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multi ...

Metro Vancouver housing market off to a quieter start than last year

February 7th, 2017
Home sales and listings trends are below long-term averages in the Metro Vancouver housing market. This is due largely to reduced activity in the detached home market. Residential property sales in the region totalled 1,523 in January 2017, a 39.5% decrease from the 2,519 sales recorded in January 2016 and an 11.1% decrease compared to December 2016 when 1,714 homes sold.Last month's sales ...

How much will it cost to renovate?

February 7th, 2017
Thinking of renovating but not sure how much to budget? Pillar to Post has developed its Residential Construction and Remodeling Estimates cost guide, which provides estimated cost ranges for repair and/or replacement of the major systems and components in a home. It also includes general guidelines for the life expectancies of those systems. It can help you make more informed decisions as yo ...

New Tax-Related Rules: What you need to know

February 7th, 2017
As a result of considerable volatility in the real estate sector and our economy, the Canadian government recently made changes to the Income Tax Act, along with some significant changes to our mortgage rules. These rules are being introduced in an effort by the government to stabilize the Canadian housing market, although some are concerned the new housing rules will lead to higher mortgage ...

Maintenance to-do list for condo owners

January 4th, 2017
If you've just purchased a condo, congratulations! You've probably just made the biggest purchase of your life. Now it's time to make sure you take good care of your investment. We asked Douville & Co, a Vancouver home inspection company, to give us their top regular maintenance items that all condo owners should take care of. Read on to find out what you need to know.VentilationMaintaining r ...

December 2016 stats are in

January 4th, 2017
Residential property sales in the region totalled 1,714 in December 2016, a decrease of 39.4 per cent from the 2,827 sales recorded in December 2015 and a decrease of 22.6 per cent compared to November 2016 when 2,214 homes sold. Last month’s sales were 8.1 per cent below the 10-year sales average for the month. New listings for detached, attached and apartment properties in Metro Vancouve ...

Good things happen when you give

December 6th, 2016
This holiday season, consider sharing your abundance with people in need. Below is a list of some of our favourite charities.Christmas Backpacks for Covenant HouseHelp give 275 homeless youth in Vancouver a backpack full of gifts and necessities.www.covenanthousebc.org/donate/donate-items/christmas-backpack-program Lower Mainland Christmas BureauYou can help ensure more children in the Lower ...

November 2016 stats are in

December 6th, 2016
Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market.Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold.Last month’s sales were 7.6 per cent below the 10-year sales average ...

Get into the holiday spirit!

December 6th, 2016
Here’s a list of some of the Lower Mainland’s can’t-miss Christmas events. To beat the crowds, be sure to plan ahead, buy your tickets in advance and take transit where possible. Festival of LightsVanDusen Botanical Garden, VancouverDecember 1 – January 2http://www.vandusengarden.org/ Bright Nights Christmas TrainStanley Park, VancouverNovember 28 – January 1http://vancouver.ca/parks-recrea ...

Home sales and listings just below 10-year average

December 3rd, 2016
Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market."While 2016 has been anything but a normal year for the Metro Vancouver housing market, supply and demand totals have returned to more historically normal levels over the last few months," said Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president.The sales-to-actives ratio f ...
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