I found The Real Estate Board of Greater Vancouver’s January 4, 2023 Market Report of special interest this month. They have a full economic analysis report on 2022’s real estate market, with charts for those of you that are more visual, like me. It’s a good read! Check it out here: https://www.rebgv.org/market-watch/monthly-market-report/december-2022.html

What really intrigued me the most about this article was, Andrew Lis’s (REBGV’s director, economics and data analytics) comment 

“While the consensus among many economists and forecasters suggests the Bank of Canada may be near the end of this tightening cycle, rates may remain elevated for longer than previously expected since the latest inflation figures aren’t showing signs of abating quickly. We’ll watch the 2023 spring market closely to see if buyers and sellers have adjusted to the higher borrowing-costs and are participating more actively in the market than we have seen over the last 12 months.”

This year’s big question is:

What will happen with inflation this Spring 2023?

    How do you think this will affect the real estate market?

    How do you think this will affect you?

I’d love to hear your answers, opinions and predictions. 

Let’s chat!

There are many benefits to working with a realtor when buying or selling a home in Vancouver, Canada. Here are a few reasons why it can be beneficial to work with a realtor:

1. Expertise and knowledge of the market: Realtors have extensive knowledge of the local real estate market and can provide valuable insights and advice throughout the buying or selling process. They can help you understand current market conditions and trends, and provide guidance on pricing and negotiation.
2. Access to listings and resources: Realtors have access to a wide range of listings and resources that may not be available to the general public. They can help you find the right property and provide access to listings that may not be advertised elsewhere.
3. Professional representation: When working with a realtor, you have a professional advocate on your side. They can represent your interests and advocate for you during the buying or selling process.
4. Time-saving: Buying or selling a home can be a time-consuming process. Working with a realtor can save you time by handling tasks such as scheduling showings, negotiating offers, and handling paperwork.
5. Access to a network of professionals: Realtors have a network of professionals, including lawyers, home inspectors, and mortgage brokers, who can help you navigate the buying or selling process.

Overall, working with a realtor can provide a range of benefits and make the process of buying or selling a home in Vancouver, Canada, smoother and more successful.

For more information about getting started with selling or buying a home or both, contact us today. We are excited to meet you and help you with your real estate goals in 2023. 

-Sheldon Coxford 778-835-5621

Selling a home can be a complex and stressful process, especially in a competitive market like Vancouver. Here are 10 tips for getting your home ready to sell:

1. Clean and declutter: A clean and clutter-free home is more appealing to potential buyers. Take the time to tidy up, remove personal items, and deep clean the space.
2. Make necessary repairs: Fix any broken or damaged items, such as leaky faucets or holes in the wall. This will show potential buyers that the home is well-maintained and reduce the likelihood of negotiating on price.
3. Neutralize the space: Neutral colors and decor can help potential buyers envision themselves living in the home. Consider painting walls a neutral color and removing any bold or personal decor.
4. Depersonalize the space: Remove personal items such as family photos and mementos to help potential buyers see the home as their own.
5. Maximize curb appeal: First impressions are important, so make sure the exterior of your home looks inviting. This includes things like maintaining the lawn, adding potted plants, and pressure washing the exterior.
6. Stage the interior: Staging the interior of your home can help to highlight its best features and make it more appealing to potential buyers.
7. Clean and organize closets and storage spaces: Potential buyers will likely look in closets and storage spaces, so make sure these areas are clean and organized.
8. Remove excess furniture: Removing excess furniture can make a space feel larger and more open, which can be appealing to potential buyers.
9. Let in natural light: Open blinds and curtains to let in natural light, which can make a space feel more welcoming and inviting.
10. Price it right: Setting the right price for your home is crucial. Work with a realtor to determine the right price for your home based on factors such as location, size, and market conditions.

By following these tips, you can help to increase the appeal of your home and improve your chances of a successful sale.

For more information about getting started with selling your home, contact us today. We are excited to meet you and help you with your real estate goals in 2023. 

-Sheldon Coxford 778-835-5621

Staging your home before showing it to potential buyers can be an important part of the selling process. Here are a few reasons why staging is important:

1. Staging makes your home look its best. By staging your home, you can highlight its best features and make it look more attractive to potential buyers. This can help to increase its appeal and potentially lead to a higher selling price.
2. Staging helps potential buyers visualize themselves in the space. When a home is staged, it’s easier for potential buyers to visualize themselves living there. This can help to make the home feel more welcoming and increase the chances of a sale.
3. Staging can make your home stand out: In a competitive real estate market, staging can help your home stand out from the competition. By presenting a well-staged home, you can make it more appealing to potential buyers and increase the chances of a successful sale.

Overall, staging your home before showing it to potential buyers can be a valuable tool in the selling process. By highlighting the best features of your home and making it more inviting, you can increase its appeal and potentially secure a higher selling price. 

If you are considering selling your home or making a move, let us connect. I am never too busy to chat about Real Estate. 

-Sheldon Coxford 778-835-5621

1. Visa and immigration requirements: Depending on your nationality, you may need to obtain a visa or work permit in order to live and work in Canada. It’s important to research the specific requirements for your situation and start the process as early as possible.
   
2. Housing: Finding a place to live in Vancouver can be challenging, as the city has a high demand for housing and relatively high costs. It’s a good idea to start looking for a place to live well in advance of your move, and consider using a rental agency or broker to help you find a suitable property.
3. Cost of living: Vancouver has a high cost of living compared to some other parts of Canada. It’s important to budget for expenses such as rent, utilities, groceries, and transportation, and to have a financial plan in place before making the move.
4. Cultural differences: Moving to a new country can be a culture shock, even if you have visited before. It’s a good idea to research the local customs, norms, and expectations, and to be open to learning about and adapting to the local culture.
5. Support network: It’s always helpful to have a support network when moving to a new place, especially if you are moving to a country where you don’t know many people. Consider reaching out to friends and family members who may be able to help you get settled, or look for local expat groups or organizations that can provide support and advice.