Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019.
The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month.
Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. The market remained well-supplied, resulting in a slight dip in the average selling price compared to June 2023.
Have you ever wanted to know what is happening inside or outside your home while you are away? A new digital technology is making this possible and at a low cost. In just a few minutes, you can remotely view your home or workplace from any location, simply using a Wi-Fi webcam and a broadband internet connection
When you decide to sell your home, setting your asking price is one of the most important decisions you will ever make. Depending on how a buyer is made aware of your home, price is often the first thing he or she will look at. Many homes are discarded by prospective buyers as not being in the appropriate price range before they even have a chance of a showing.
Buying a home is likely to be one of the most important purchases you will make in your entire life, so it only makes sense to take every possible step to limit the amount of risk you are exposing yourself to. For an increasing number of home buyers, calling for a professional mold inspection is a prudent way to verify a prospective home's quality before making a buying commitment.
Closing costs come as a surprise for many home buyers. Since closing costs are additional costs over and above the price of a home, you should be aware of these costs and budget at least 2.5% of the purchase price for closing, in addition to the down payment.
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