![FOR SALE :: 602 933 E Hastings – $799,000 [Video]](https://video.getpvd.com/wp-content/uploads/2022/10/mp_153298_0_0jpg.jpg)
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_________________________________
Vancouver Real Estate
![Housing Affordability Worst On Record [Video]](https://video.getpvd.com/wp-content/uploads/2022/10/mp_153174_0_0jpg.jpg)
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_________________________________
![Inflation Trending Downwards [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_151374_0_0jpg.jpg)
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_________________________________
![Real Estate Headed For A Hard Landing [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_149704_0_0jpg.jpg)
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_________________________________
![Does The Government Hate Landlords? [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_147966_0_0jpg.jpg)
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_________________________________
![Another Huge Rate Hike! [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_147085_0_0jpg.jpg)
Categories
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_________________________________
![Vancouver Home Sales Drop 40% [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_146073_0_0jpg.jpg)
With the Fall market on our doorstep, it’s time to review how the summer market performed and what’s in store for September and October. While we have just come out of a couple of the slowest months in 20 odd years, you would think the market is at a stand still. But with prices having dropped by more than 30% in some areas across the nation, Vancouver remains one of the most resilient marketplaces in North America with prices having only slid by about 7% according to the Housing Price Index. While we are expecting to see this number continue to climb by about another 2% in the foreseeable future, what’s less clear is the bubbling activity behind it. Sales to Active Ratios (think of this number as the pressure gauge for the market) are on the climb across ALL property types and most noticeably in townhomes (rising by 5% month over month). The average ratio across all property types climbed 1.1% month over month putting the market back on the precipice of a sellers market and revealing that we still have a housing crisis on our doorstep. The underlying issues that created the housing crisis we’ve seen over the last decade will continue to persist even with an imminent rate hike that we’ll see in September. With both local, national and international pressures applying themselves to the Vancouver market, expect to see more sustained pressure in the fall months as consumer confidence begins to recover. With anecdotal stories of our Agents going into multiple offers in the last few weeks, chronically low inventory and new listings reducing in numbers… where do the Buyers and the overheated rental market go from here as the search for shelter continues. Stay tuned for the SPECIAL RELEASE coming Sept 7th right after the BoC announcement. _________________________________ 🏡 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_________________________________
![What Happens To Housing After Inflation? [Video]](https://video.getpvd.com/wp-content/uploads/2022/08/mp_144186_0_0jpg.jpg)
In this weeks’ episode we explore where the CORE inflation is sitting and why we feel the result spells an almost certain .05% – 0.75% interest rate hike increase on September 7th. While it’s debatable what the BoC will do, what isn’t debatable is the huge drop in real estate prices we have seen in the last few months as a result of rising interest rates levels and inflationary pressures. Canadian home prices have fallen a staggering 9.9% nationally since the peak of the market in late Feb 2022. This is the steepest decline in recorded history, even surpassing the Global Financial Crisis of 2008 when prices dropped 9.1%. Toronto is without a doubt taking the brunt of it with prices down a concerning 13.2% and inventory up nearly 60%. Vancouver by comparison has only seen a correction of about 4.5% with much tighter inventory levels – in real terms, Vancouver’s inventory is actually down from this time last year, it hasn’t increased. While Inventory has generally climbed across the nation, we are sitting at only 3.4 months of inventory whereas the long term average is closer to 5 months.Immigration numbers are at all time highs and while housing starts are as well, they are far out from completing and continue to provide little relief in the face of an intense rental market. With more than 230,000 permanent residents having already arrived in the first 6 months of the year, expect Canadian immigration to continue to drive growth in the long term. With over 1 million job vacancies and skilled labour making up 56% of the available jobs, it’s no wonder Canada remains one of the best options for skilled immigrants around the world._________________________________ 🏡 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_________________________________
![Government Fees Add 24% To Cost Of Homes [Video]](https://video.getpvd.com/wp-content/uploads/2022/08/mp_142416_0_0jpg.jpg)
The government has long said it wants to create affordable housing for its citizens and has historically pushed developers and the communities they govern to design or ownership alternatives for it to approve. Those include co-op housing, leasehold land, income verified property and many other forms of “affordable ownership”. To be real, these do nothing but stigmatize property, they don’t allot the same rights and privilege as those with a fee simple interest but rather dilute ownership under the guise of affordability. The government has never suggested that it lower its own development or building related permit fees – a cost that gets indirectly passed onto the consumer with each project that gets built. A new report by CMHC has concluded that the government is responsible for at least 24% of the average home cost BEFORE you consider property transfer tax or GST. Add those government fees to the equation and it rises to 33%! That’s right, 33% of the cost of your new home is thanks to government fees. In Vancouver that translates to $180,000 in fees and taxes of a typical new condo. This is significantly more than any other party involved in the transaction. Without a doubt there needs to be some consideration for government fees as none of the work is free and development rules and guidelines need to be adhered to – but how did it become a third of the cost of an average condo in Vancouver? Today we explore the information, the hypocrisy and some solutions that could help reduce the cost to the community. _________________________________ 🏡 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_________________________________
![FOR SALE :: 1005 Rochester Ave, Coquitlam – $1,749,000 [Video]](https://video.getpvd.com/wp-content/uploads/2022/08/mp_137632_0_0jpg.jpg)
Welcome to this incredibly charming and surprisingly spacious single family home on a great corner lot! With plenty of upgrades including a newly renovated (down to the studs) lock off one bedroom suite downstairs. The home is complete with updated electrical throughout, a 12 year old roof and a hardy plank/stucco exterior. Enter the main floor you are immediately greeted by warm refurbished fir floors, a beautifully renovated kitchen with spacious living and dining rooms. The home flows nicely, is bright and has a picturesque south facing porch overlooking the garden – perfect for sunset dinners. With one bedroom on the main and two large bedrooms and a bathroom upstairs, there’s enough space for the whole family. Outside, this corner lot provides ample privacy and a newly built deck complete with a hot tub, ambient lighting, sound wired in, and 4 parking spots – you have everything you need to entertain!http://www.1005rochester.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_________________________________
![Has Inflation Peaked? [Video]](https://video.getpvd.com/wp-content/uploads/2022/08/mp_137150_0_0jpg.jpg)
Categories
Has Inflation Peaked? [Video]
In this episode we take a look at what our economy is doing from a National perspective. Some of the key take aways here include signs that we are seeing inflationary pressures beginning to ease, Bond Yields are continuing to come down and housing starts are beginning to increase again while we deal with sky rocketing rental increases. Home sales in the month of June and no doubt in the month of July are down by a serious margin (-33% in BC and -36% in Ontario) and continue to stall out the market. While prices are coming down, it appears as though inventory is holding strong and hasn’t risen with only 3.1 months of inventory on the market. With strong national unemployment at 4.9% and record levels of immigration (over 400k) the fundamentals still look strong. Locally speaking, we have entered into a Balanced market which is something we haven’t seen since January 2020! The median home price is also holding strong at 900k – although we suspect that will continue to fall as the Fed’s continue to raise rates throughout the rest of the year. BC is down 33% in home sales year over year and while BC’s inventory climbed +21% – the GVRD’s inventory remains largely unchanged. It’s crazy to think that just a year ago, households were paying just 2.5% average interest rates across ALL outstanding debt….credit cards, auto loans, mortgages, HELOCs….all of it but with higher interest on credit cards, rising levels of insolvencies (still low but rising), negative wage growth, falling prices and more expensive mortgages – Consumer confidence in Canada’s housing sector has fallen off the map. If you bought a house today with prevailing rates, you are paying 55% more in payments for the same home than you would have just 10 months ago.Activity levels across major real estate offices is down on average by 15% and climbing – this is mostly because of the rising costs of borrowing and the continued cooling of home sales across the country. With the re-sale property market accounting for nearly 10% of our country’s GDP, it’s all but certain that a recession for part of 2023 is on our doorstep with the Central Banks attempt to control inflation. _________________________________ 🏡 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_________________________________
![Home Buying Power Down 22% [Video]](https://video.getpvd.com/wp-content/uploads/2022/07/mp_133033_0_0jpg.jpg)
Wednesday’s 100 basis point hike to the overnight interest rate brings the total increases this year to 2.25%. This will understandably have a profound impact on housing prices. The monthly payments to purchase the same home in January compared to today are up $1,100, or 52%. The rising rates have already seen around a 20% decline in prices in the GTA, and here in Vancouver, around 11%.The full effects of the recent rate hike have yet to be felt. Plus, current indications are that rates will be raised to 3.75% by year end, adding another 1.25% before the Bank of Canada levels off. The word Recession has become predominant recently, though the robust job market is doing its best to hold it at bay. June produced the lowest employment rate in recorded history, coming in under 5% for the first time ever. There is no question property prices are going to go lower in Vancouver – current estimates point to 15% HPI. With the cost of borrowing up, this isn’t making homes more affordable, as monthly payments for the lower price home are as high as the higher priced home with lower rates. Cash buyers are the real winners here._________________________________ 🏡 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_________________________________