Recently, I had the opportunity to be featured on CBC News The Early Edition with Michelle Eliot, where we discussed the current state of the Vancouver presale condo market. If you have been considering a Vancouver presale condo—or wondering whether now is the right time to make a move—this is an important conversation to understand. A Market Shift We…
Leverage is a cornerstone principle in real estate investing that, when used effectively, can amplify returns far beyond what would be possible with cash purchases alone. To illustrate the power of leverage, let’s take a historical look at a hypothetical real estate investment in Langley, British Columbia. The Scenario Imagine it’s 1999, and you purchase…
The proposed “Rustad Rebate” by the BC Conservative Party aims to address the province’s ongoing housing affordability crisis. The plan suggests allowing renters and homeowners to deduct up to $3,000 in housing costs from their taxable income, offering financial relief for many. However, this policy has both potential benefits and downsides worth considering. The Potential…
The federal government’s new mortgage reforms, effective December 15, 2024, significantly increase the price cap for insured mortgages to $1.5 million and extend 30-year amortization to all first-time buyers and new builds. This change is expected to make mortgages more accessible, especially in high-cost areas like Vancouver. By lowering monthly payments and enabling more people…
In Brian Yu’s article “Gimme Shelter,” featured in today’s edition of The Globe & Mail, he delves into the current trends and future outlook of Canada’s housing market. Despite a respectable level of housing starts, about 250,000 units annually, this rate falls short of meeting the increasing demands of Canada’s growing population. Surprisingly, the number…
In my role as a real estate expert closely monitoring the Greater Vancouver area, I’m observing a significant shift in the housing market. A key aspect of this change is the noticeable uptick in new rental home registrations, with over 19,000 units in 2023 alone. Additionally, the launch of a project to build more than…