Categories
Entrepreneurship

Nicola Wealth Interview with Ethan Astaneh [Video]

We had the pleasure of joining Nicola Wealth, a full service wealth management group with offices across the nation, on this weeks episode. We get into a number of questions and topics that many of Nicola Wealth’s clients had in mind. Primarily we took the investors perspective as we ran through the synopsis of what got us into the position we find ourselves today and where the real estate market goes from here. We also discussed how the Toronto and Vancouver Real Estate Markets typically operate in unison; however since going through the recent rate hike cycle, we’ve seen a divergence in performance and market trends that normally doesn’t present itself. Why is this the case and what does it mean?! We dive into some interesting numbers that help to explain the story.Furthermore, we looked into how and why home prices in Vancouver haven’t fallen to the same degree as the rest of the nation – why we have such incredibly low levels of inventory and how that has become an even bigger problem than the restricted flow of credit and quantitative tightening that’s happened for most of 2022. Looking forward, we discuss what opportunities exist in 2023 and why Vancouver and potentially Toronto is poised to have another exceptional bull run when this real estate cycle restarts. Lastly we explore what, if anything, policy makers could do with a pen stroke to make the real estate environment more affordable throughout the region and the answers as you could expect – aren’t easy._________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlife🏡 Valuable Videos For Buyers & Sellers 🏡 Top 3 Must Do’s Before Buying www.youtube.com/watch?v=9LJ9ewil2A4&t=81sHow To Sell A Home In Vancouver www.youtube.com/watch?v=psg1YQrI-Yg&t=687sHow To Buy A Home In Vancouver www.youtube.com/watch?v=p0EztR7YcWUThe Smith Manoeuvre www.youtube.com/watch?v=GmA6WKmQd_s&t=11sShould I Buy Or Rent? www.youtube.com/watch?v=F7UNlG34BI0&t=710s🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZThe Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021, 2022🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 REALTORS! Unlock the secrets of Top Producing Agents, learn the power of passive income and get exclusive access to real estate projects – all for FREE 👨🏼‍💼Level up your production and dominate ATTRACTION Marketing that creates INBOUND Leads – all taught by 3 Top Agents.📆 Book a Private 1-on-1 to learn how we help agents DOUBLE their business → https://bit.ly/TalkEXPwithUsThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Level 10 Agent Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Google Ads coaching🆓 Online lead generation program🆓 Online lead conversion program🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired🆓 Your Inside Sales Agents trained & hired🆓 Access to our private Facebook mastermind Group🆓 Access to 1-on-1 support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent

Categories
Entrepreneurship

Housing Affordability Is Even Worse Now [Video]

Quantitative tightening is still very much at the forefront of monetary policy as we saw mortgage rates on the rise again this week. With variable rates now above 5 year fixed rates for the first time since 2019, sitting on average around 5.5%! Fixed rates for comparison sake are sitting at 5.1%.This week we explore what’s happening nationally and how Vancouver stacks up against other major metros. For context and as we look across the nation, this is the most rapid rise in interest rates in the last 30 years combined with the lowest level of sales in over 20 years.. and yet, single family homes across the GTA for example are only at 2.3 months of inventory. Balanced marketplaces typically like to see upwards of 5 months of inventory.Check out this week’s episode as we take a look across the nation and how a lack of inventory is still the major theme. Surprising growth numbers continue to come out of Alberta and financial markets rose this week on the news that inflation printed lower than expected. _________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlife🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZThe Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021, 2022🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 REALTORS! Unlock the secrets of Top Producing Agents, learn the power of passive income and get exclusive access to real estate projects – all for FREE 👨🏼‍💼Level up your production and dominate ATTRACTION Marketing that creates INBOUND Leads – all taught by 3 Top Agents.📆 Book a Private 1-on-1 to learn how we help agents DOUBLE their business → https://bit.ly/30MinsLevel10This is a taste of what our Coaching Team can offer you, free of charge!🆓 Level 10 Agent Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Google Ads coaching🆓 Online lead generation program🆓 Online lead conversion program🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired🆓 Your Inside Sales Agents trained & hired🆓 Access to our private Facebook mastermind Group🆓 Access to 1-on-1 support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent

Categories
Entrepreneurship

October Sales Low, While Prices Surprise! #vancouverrealestate [Video]

If you live anywhere else in Canada, it’s pretty clear in today’s market that without demand, the supply of homes will rise creating a decline in sales volume and that effectively helps to lower prices along with very low consumer confidence. With credit having been restricted through quantitative tightening at the most aggressive pace in recent history – affordability has reached heights we’ve never seen before and everyone is feeling the squeeze. Toronto saw new home sales fall 96% last month – just 45 new homes sold in October, and only 250 new condos – in a region where 6 million people live this isn’t good news for the market. So why is it that in Vancouver, under the same set of financial conditions, hasn’t experienced the rise in inventory needed to bring prices down? In this episode we discuss the unique case of Vancouver’s inventory, why it performs so much stronger than the rest of the market and how existing re-sale inventory will be a formidable problem for the market to tackle in the years to come. Is it any surprise that new home builders are getting hurt the most? With new layoffs announced in both Canada and the US, it’s a sealer sign there’s more pain to come. And let’s not forget we need these very same people to help solve our housing crisis by building more inventory. They are now paying interest on their inventory they can no longer afford to pay. As this problem persists, expect to see these properties begin to sell as Builders are forced to bring their prices down to reduce their debt load in the short run. But at the same time, Developers will freeze projects or push them out until prices are restored and the environment improves. Looking at the longer term metrics, it’s without a doubt that it will – Canada recently announced it is gearing up its ultra aggressive immigration policy. With more than 500,000 new Immigrants per year by 2025 – and the majority of those people will be technically skilled individuals immigrating to Canada to add to the workforce. As these people accumulate and new home builders freeze out the inventory and existing inventory not coming to market because home owners have locked in ultra low rates, we are poised for another housing boom on the other side. However in the short run, Buyers who can capitalize on this softening trend will thank themselves in the years to come. #vancouverrealestate #vancouverrealtor #vancouverrealestateagent _________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlife🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 7,300 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021, 2022🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

Mortgage Rates Up 71% Now [Video]

Another 50 basis point jump was on the table today as the BoC continued down the path of hiking rates at an unprecedented rate. For some context, variable rate mortgage holders were getting rates as low as 1.29% in January and on a $1mil mortgage, payments averaged about $3,350 a month. Fast forward to today’s rate hike and that same mortgage is now up over $5,700 or an increase of 71% in just 8 months. In even simpler terms, in January you could have expected to pay $40,000 a year for a home at prevailing rates – that same mortgage today going to cost $28,000 a year more or $68,000 – for those on fixed income, this is becoming harder and harder to manage.The BoC also expects GDP growth to half from 3.25% down to 1.5% in a short period of time grinding economic activity to a stall before easing and allowing GDP to return to 2%. That’s their plan – whether that’s actually how it plays out remains to be seen. The BoC has made many projections over the last 2.5 years and none of them have really been accurate so take what they say with a grain of salt. Given that inflation appears to be pervasive throughout the general economy with businesses still reporting a very tight labour market, inflation will likely stay elevated for some time as energy consumption throughout the winter time continues to rise. The cost of goods and services will likely stay elevated into the winter months as demand destruction is the name of the game. With that said, our guest Mychal Ferrera with BMO is reporting more pre-approvals for mortgages than he’s seen in a long time as more and more Buyers pile up on the sidelines waiting to strike – and with such limited inventory – it’s anyone’s guess as to when Vancouverites will begin to put their properties back on the market – however, it looks as though inventory will remain low for the foreseeable future as economic activity continues to slow down.Contact Mychal Ferreirahttps://www.linkedin.com/in/mychalferreirahttps://www.instagram.com/mychalferreira/_________________________________ Contact Us To Book Your Private Consultation:Dan Wurtele, PREC, REIA604.809.0834dan@thevancouverlife.comRyan Dash PREC778.898.0089ryan@thevancouverlife.com www.thevancouverlife.comYOUTUBE DESCRIPTION⏱ TIMESTAMPS ⏱0:00 Intro0:50 New CMCH Proposed Tax14:36 2021 National Home Sales_________________________________ Contact Us To Book Your Private Consultation:🗓 Book an appointment: https://calendly.com/thevancouverlife🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

Vancouver Votes For More Housing [Video]

What a week for BC’s Provincial and Municipal governments as both David Eby and Mayor elect Ken Sim are set to take over. With a huge push to change up the status quo of housing in the province and specifically in Vancouver, many local residents have spoken that they want, in fact they are demanding change with Ken Sim winning by a landslide. In this weeks Podcast episode we take a look at the housing platforms that both the New Mayor of Vancouver and the Premiere of BC intend to introduce. While we aren’t convinced by any politician’s promises, we are interested to see specifically what Ken Sim will bring to the table, His new policy around the time it takes to get a permit for renovations, new single family permits and multifamily permit construction will be of the upmost importance and could have a significant effect on housing if implemented effectively.. Seeing as David Eby was already the housing minister for the Province – we are a little disappointed that some of the items he’s tabling haven’t been dealt with to date.. we’ll let you be the judge of that.We also break down where we think interest rates are headed not only for next week but also by the end of the year. We question why the media outlets are asking everyone to pay attention to CORE Inflation, a measuring stick that removes the most volatile commodities from the CPI Index but those very same commodities – food and energy – are the ones we use the most and are daily expenses we all encounter – so why aren’t we measuring their impact on Inflation? Understanding why that matters and so much more can be found on this weeks podcast. _________________________________ Contact Us To Book Your Private Consultation:Dan Wurtele, PREC, REIA604.809.0834dan@thevancouverlife.comRyan Dash PREC778.898.0089ryan@thevancouverlife.com 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

Vancouver Home Sales Down 46% [Video]

Making sense of what is happening inside our current Real Estate market is tough in today’s environment. Sweeping comments in conversation or news articles that suggest “The Market” isn’t doing well or that “Housing is Down” is no longer an accurate way of describing the housing sector – at least not in Vancouver. Take this little stat as an example: Vancouver currently has less inventory than it did this time last year; inventory actually dropped by 3% compared to September 2021 and is the third straight month of inventory declines in the GVRD. By comparison, Ontario’s inventory count is up by a whopping 89%.In this week’s podcast episode, we review the bizarre case that is Vancouver Real Estate and how it measures up to its historical performance in down markets. While HPI prices are generally down across the board by about 9.5% and the median price of a home is down by 12%, we’ve seen that slow dramatically. Prices have only adjusted down by 2% over the last 3 months showing signs of an early stabilization or at the very least less downward pressure than we initially saw some months ago. However, this is where the head scratching begins as the average price of a home in Vancouver actually rose by about $44,000 last month! Sounds like some good old supply and demand economics at play again. Unfortunately, the same can’t be said for the Fraser Valley where median prices have fallen by 25% or an average price loss of (-$455,000). North Vancouver is down significantly by a similar amount (-$470,000 albeit in a more expensive market) and West Van detached is down on average by (-$627,000) per home. It’s definitely no surprise that we are down -46% in sales volume year over year – largely driven by the cost of borrowing and unstable prices but like we’ve seen in the past, Vancouver is a resilient market and if you’re thinking of buying a home in the foreseeable future here – take advantage of this time because if inventory continues to remain this low and the economy begins to correct – we know what kind of a market we’ll be heading into. _________________________________ Contact Us To Book Your Private Consultation:Dan Wurtele, PREC, REIA604.809.0834dan@thevancouverlife.comRyan Dash PREC778.898.0089ryan@thevancouverlife.com 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

FOR SALE :: 602 933 E Hastings – $799,000 [Video]

Step into this architecturally designed corner unit at Strathcona Village, and be blown away by the best non-interrupted NW views of all units in the strata. City skyline visible at night, lions gate, city, ocean, and mountains! Featured in “Canadian Architect” magazine, this unit has been wonderfully cared for and features custom design curated by the current owners. Great floorplan with bedrooms on opposite sides of the living room, with city and water views from every room! BONUS: HUGE 100Sqft private storage room + 2 bike lockers + E PARKING. Amenities: 6 rooftop patios, 4 meeting rooms & 2 gyms! Rentals & pets welcome! MacLean Park & Union-Adanac bike path blocks away. Centrally located w restaurants, breweries, and shops and mins to Commercial Dr, Gastown + DT. _________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

Housing Affordability Worst On Record [Video]

Housing unaffordability is truly the worst it’s ever been. In this weeks episode we explore how home ownership cost (as a percentage of median household income) hit 60% this year, an all-time high. Considering the price of inflation, the cost of increasing interest rates and relatively stagnant wage growth by comparison, the cost of living has risen significantly.The affordability Gap in Canada – the difference between what a home costs and what a person can afford to pay for a home has widened by 67%!Following this bearish trend, the DOW had its worst month since the lockdown, in March 2020 and this was the worst quarter for the S&P 500 since 2009Canadian Household debt to disposable income continues to climb, hitting a new all-time highs in August. It’s now at 182%! And by comparison, our friends down south in the USA are at 100% respectively.A recession could still largely be avoided if the bank of Canada pivots in due course but inflation data suggests that won’t happen – it’s still too high which ironically increases the odds of a recession with every interest rate hike from here. Sounds bad, and while it is – there’s hope as some important metrics are beginning to show signs of stabilization here in BC and Canada continues its very aggressive immigration policy adding well over 280,000 new permanent residents in Q2 alone. _________________________________ Contact Us To Book Your Private Consultation:Dan Wurtele, PREC, REIA604.809.0834dan@thevancouverlife.comRyan Dash PREC778.898.0089ryan@thevancouverlife.com 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

Inflation Trending Downwards [Video]

With the inflation print in Canada coming in lower than expected, there was some good news that the over sized rate hikes we’ve all been through over the last 6 months appear to be working. While this was largely driven by lower gas and commodity prices, things like food continued to inflate in price. It will take a significant amount of time before food prices begin to fall as it’s the one commodity everyone must continue to spend money on, not to mention the global constraints on grain and other products from war torn countries. Car sales in the month of August hit a 23 year low as Canadians begin to reign in their discretionary spending. In many ways, the summer presents the most expensive time for fuel, food and recreational activities as many families took advantage of the first pandemic free summer in 2 years. As we move into fall and subsequently into the winter, expect more and more families to batten down the hatches on their discretionary spending as interest rates continue to climb. This will hopefully accelerate the outcome we are all hoping for.So what does this mean for housing? Buyers, if you’ve been holding off the time for you to start seriously considering a purchase is coming into play over the next 6-8 months. With every other headline reading a looming recession is coming next, the time to strategically position yourself is here. While to BoC continues to suggest they will avoid a recession (they’ve been wrong before), just about every other bank in Canada has stated otherwise. Furthermore the World Bank has also come out saying the possibility of a global recession in 2023 continues to grow as many of the developed nations with centralized banks began oversized rate hikes at nearly the same time. This level of global financial synchronicity has never been seen before and it will be interesting to see how it plays out. _________________________________ Contact Us To Book Your Private Consultation:Dan Wurtele, PREC, REIA604.809.0834dan@thevancouverlife.comRyan Dash PREC778.898.0089ryan@thevancouverlife.com 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

Categories
Entrepreneurship

Real Estate Headed For A Hard Landing [Video]

With inflation print hitting 8.3% in the U.S. shedding only 0.2% from it’s previous print is showing consumers continued to spend through the Summer (which was widely expected). The continued strength of the U.S. dollar continues to push the price of domestic products further reinforcing the inflationary cycle. The news was so impactful that the stock market had its worst day in over 2 years. We discuss why we feel the BoC isn’t done raising rates and how its dual edge sword brings down prices while also restricting purchasing power and increasing the monthly cost of a mortgage by drastic amounts. It’s largely expected that the Feds down south will raise their interest rates by 0.75% matching Canada’s overnight rate of 3.25%. It’s very possible we will see 4%+ interest rates by Q1 of 2023.Check out the tale of two stories as inventory climbs in Toronto and yet somehow here in Vancouver, inventory has shrunk as September is on pace to be the lowest sale month of any September on record. With median prices in Vancouver having fallen by about 14% and down a further 23% in Toronto, the housing price declines continue to slide. _________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

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Entrepreneurship

Does The Government Hate Landlords? [Video]

The BC government came out this week and capped rental increases by 2% – Renters say that’s too much! And Landlords are incredibly frustrated as inflationary costs have inflated their cost of ownership by much more than 2%. Historically, the government has increased rates in unison with inflation, but this time around they have suggested a lift of that magnitude would only hurt the Renters. However, the housing providers, folks who have a rental suites that helps offset the cost of their rising mortgages and property taxes are left holding the bag.. often times renting their suites out at a loss. The long term affects of rental caps have historically proven to be more negative than positive. There’s a consequential butterfly effect to these decisions and ultimately kicks the problems further down the road, creating a divisive point of contention between tenants and landlords. This is a result of not having enough housing stock, compounded by the time it takes to create homes in Vancouver – yet Landlords are having to pay the price. Vancouver has a massive housing supply issue and the largest provider of rental housing are investors and local property owners. While the government needs new rental stock they are handcuffing themselves and the providers they need so desperately for their stock. And with inflation being a bigger issue than rent control, expect housing providers to turn to services like Air BnB to make up the shortfall. Landlords will entertain more short term fixed tenancies so they can deal with inflationary pressures.Ultimately, Developers building market rentals for the city will back off from these building types and move to more capital friendly markets where rents are not controlled further restricting the supply of market rental housing. Alberta by comparison has 85% of the population that BC has and they have zero rent control – they also don’t have a rental crisis. The move makes very little financial sense and puts unnecessary pressures on providers to come up with their own solutions. _________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________

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Entrepreneurship

Another Huge Rate Hike! [Video]

Mychal Ferreira, Mortgage Specialist from BMO, joins us today on this special podcast where we discuss the impacts of the new 0.75% rate hike. With average mortgages in Vancouver being substantially higher than the rest of the country, Vancouverites can expect their variable rate mortgage payments to increase by another $350-$700 dollars per month – s staggering $4,000 to $8,000 increase in payments each year. Will this be enough pressure to force Sellers to reduce the prices of their homes on the market? Will it be enough pressure to erode disposable income so the economy slows down? Perhaps to some degree, but with recent GDP data showing the economy still running strong and over 1 million job vacancies, the idea of major sell off or panic selling is not something we are expecting.With another oversized rate hike announced today, it’s pretty clear that the Bank of Canada does not yet have inflation under control and are continuing down the path of demand destruction and active wealth erosion. With the benchmark rate now hovering at 3.25% – a mere 0.25% away from the BoC’s target rate and inflation proving to be less transitory than first believed, a future recession and further rate hikes is almost all but guaranteed at this point. Remember, it typically takes a full 18 months before we see the results of a single rate hike – let alone the 4 oversized rate hikes we’ve seen in the last 6 months.Historically, and over the last 30 years almost every time the BoC has risen rates by more than 1.5% we’ve seen a correction back down between 1.5% – 4.5%. So while rates continue their roller-coaster ride up, if history has anything to say about it, it’s highly probable that within a similar time frame we will see the BoC reverse course. If you’re a Buyer expecting to pick up a property from a grovelling Seller, they will be few and far between as many Sellers dig their heels in to combat raising rates while they wait for demand to return. And it will – with an aggressive immigration policy and inventory in Vancouver lower than it was this time last year, it’s clear we have a supply issue mounting and an outcome we’ve seen before when rates begin to fall.Mychal Ferreira can be reached at:https://www.linkedin.com/in/mychalferreira/Dan Wurteledan@thevancouverlife.com604.809.0834Ryan Dash ryan@thevancouverlife.com778.898.0089_________________________________ 🏡 Visit our website to see active listings and valuable Real Estate information 🏡 → The Vancouver Life: https://bit.ly/3yN25V7🏦 Investors 🏦 Join our Investors Group with over 6,600 Members→ Facebook Group for Investors: https://bit.ly/3CQ7hu3 💥 Follow us on Social Media 💥 → Instagram: https://bit.ly/3jSkRo1→ Facebook: https://bit.ly/3g05bxK→ Twitter: https://bit.ly/3xMGFpZ_________________________________ The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:🏆 Top 3% Agents 2019, 2020, 2021🏆 Medallion Club Members 2019, 2020, 2021🏆 Over $250,000,000 in saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 Are You A Real Estate Agent? 👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → https://bit.ly/level10agentThis is a taste of what our Coaching Team can offer you, free of charge!🆓 Google Ads coaching or discounted management🆓 Level 10 Agent + SIMS Coaching Systems & coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by our Coaching team🆓 90-day Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…👉 Learn more at https://bit.ly/level10agent_________________________________