The West Haven Group has asked that its primary mortgage broker partner team, Pilot Mortgage Group (Damon, Tyler, and Rob), prepare a monthly interest rate update and outlook article to assist our clients in remaining up to date with what is happening with interest rates. Below is their update article for July 2019…
West Haven Group Blog
News & insights.
Market updates, neighbourhood profiles and practical advice for buying and selling in Vancouver.
How to Win a Bidding War in the Vancouver Real Estate Market
Today, I am going to be participating in a multiple offer situation with one of my buyers. In the video above, that I made yesterday, I describe five of my tips to winning a bidding war in the Vancouver real estate market…
West Haven Group’s Client Appreciation Summer Party!
Recently, the West Haven Group team — Shawn Brown, Steven Forlin & Mallory Psihas – hosted their wonderful clients/friends at the Vancouver Club for an appreciation party. The party was lovely — it was so great to have so many kind and funny and enjoyable people all in one room…
Vancouver Real Estate Market to make a Rebound!
According to the British Columbia Real Estate Association’s (BCREA) updated forecast for housing transactions in British Columbia 71,400 homes will change hands on the resale market this year. This is nine percent lower compared to 2018’s total…
What to Look for in a Great Vancouver Rental Property
When looking for a great, high-performing Vancouver rental property, look for the following things:
1) Maximize the ratio between rental rate and purchase price. Just because you pay more or less for a property does not mean that the rental rate increases or decreases proportionately. For example…
Guide to Selling Vancouver Real Estate
Below is an overview of the sales process when selling Vancouver real estate. With the West Haven Group, our marketing and media buying strategy is far more complicated and complex, but we will stick to the more basic, general components here, for simplicity.
Basic Marketing…
West Haven Group’s June Vancouver Market Update
In an interesting turn of events, May saw an uptick in buyer activity. Sales in May were up 44% over April. And, after several months of sales being down by about 40% compared to 10-year-average volumes, May was only down by 22%
Is Vancouver’s Real Estate Market At Risk?
If you’ve ever tried to find Vancouver real estate advice on your own, you know that there’s an endless amount of information available. It can be hard to know what advice is worth taking—or where to even start…
Cannabis Legalization and Your Vancouver Strata
On October 17, 2018, the federal government legalized marijuana for non-non-medical use. It will be the second country in the world to do this, and the first G7 nation to do this…
What are the Biggest Mistakes People Make When Buying a Vancouver Home
1. Not having a Mortgage Pre-approval (or having an Incomplete Pre-approval)
2. Having a Lack of Vision or being Too Easily Fooled
3. The Grass is always Greener
The Five Factors Canadians Care Most About when Buying a Home
Recently, Re/Max put together a livability report which summarized which factors are most important to Canadian home buyers when choosing a home. ‘Livability’ refers to the characteristics of a street, neighbourhood, or city…
New Numbers on Foreign Ownership in Vancouver
A new method for assessing foreign ownership in Vancouver has concluded that about $75 billion worth of Vancouver real estate is tied to offshore owners…