Real Estate News and Market Stats

Surrey Population

The future lives here: Surrey population growth rate outstrips Vancouver by almost double Years ago, Surrey changed its slogan from “City of …

Cash on Cash

Cash on Cash

Cash on Cash Cash flow before taxes / Initial Equity Investment This ratio measures how much cash is earned in relation to …

Capitalization Rate

Capitalization Rate

  Capitalization Rate Capitalization Rate = Net operating income / Price. Property Value = Net Operating Income / Market Capitalization Rate This …

Gross Rent Multiplier

Gross Rent Multiplier

Gross Rent Multiplier Price / Potential Gross Income  This formula is used to quickly survey the market for opportunities where the price of …

Investment ratios

Investment Ratios

Investment Ratio Investment ratios are used in real estate to determine if a property is price favorable in comparison to the competition. …

Appraisal Approaches to Value

Appraisal Approaches to Value There are three approaches appraisers and real estate professionals use to a value a property. Sales Comparison Approach …

Investment ratios

Investment Value

Investment Value Investment value is the value of the expected benefits of a property to a specific user. This value is based …

WHAT IS MARKET VALUE OF A PROPERTY?

What is Market Value of a Property?   Market Value of a property is the most profitable price that a property would …

APRIL FRASER VALLEY HOUSING MARKET STATS

Spring sales hold steady in Fraser Valley real estate market   SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser …

SOLD! 120320 Ditton Street Maple Ridge

JUST SOLD! 20320 Ditton Street Maple Ridge   Bedrooms: 3 Bathroom: 1 Price: $995,000   This Southwest Maple Ridge rancher is an …

SOLD! 135-9012 WALNUT GROVE DRIVE

JUST SOLD! 135-9012 Walnut Grove Drive Bedrooms: 4 Bathroom: 2 Price: $874,888   Exciting news! I just helped my clients sell their …

Commercial Real Estate

A REALTOR® specializing in commercial real estate helps buyers find the right building for their business.   Different types of commercial      …

Homes for the People

Homes for the People – Housing Action Plan, BC 2023   On April 3, Premier David Eby and Minister of Housing Ravi …

HOME BUYERS RECESSION PERIOD

The Home Buyer Rescission period gives home buyers the right to withdraw from a home purchase agreement within three business days after …

First Time Home Buyers

First Time Home Buyers Savings Account – Here is what you need to know The First Time Home Buyers Savings Accounts are …

Foreign Buyers Ban Updates!

Updates for Foreign Buyers Ban   The federal government has updated the foreign buyers ban, relaxing the rules. Below is a list …

Underused Housing Tax

Underused Housing Tax – in effect as of December 31st, 2022 – What you need to know A new tax has hit …

BC Lacking Enough Housing

B.C.’s housing inventory lacking ‘right supply’ to resolve affordable housing crisis   According to a newly-released Union of BC Municipalities (UBCM) report, B.C.’s …

Real Estate Team Rule Changes

Real Estate Team Rule Changes Nowadays, many realtors are working in groups and identifying themselves as teams. These teams are subject to …

Walnut Grove Townhome Market Update 2023

Walnut Grove Townhome Market Update   Hope is here for Walnut Grove Townhome Owners!   The Walnut Grove townhome market is quite …

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