Hey, downsizer - the only thing you have to fear is fear itself.
Chances are, if you're reading this, you've at least thought about it. Most boomers do at some point, and a lot of us follow through on it.
The Conference Board of Canada has predicted more than 80 per cent of new housing demand will come from those over 65 in the next 20 years.
Those number geeks also say 60 per cent of new households will be formed by those 75 and up.
That's a lot of tears and moving boxes, people.
My wife and I missed the Freedom 55 moment two years ago, but after a dizzying flurry of real estate transactions, basement purging and a jump off some emotional and financial cliffs, we're living the next best thing: the downsizer...
Many homes in the Greater Vancouver area built before 1957 were originally heated with furnace oil. When natural gas became available, the oil storage tanks, which were normally located underground in backyards, were filled with sand or capped.
However, as these unused buried oil tanks start to corrode and rust, the remaining oil can leak out and flow onto the rest of the owner's property, the neighbour's property, storm sumps and waterways, resulting in contamination of soil and water. Apart from the negative financial impact on the market value of the property, the owner can face substantial legal liability under various statutes and bylaws for such contamination.
The BC Fire Code and bylaws of twelve municipalities (including the City of Vancouver) all essentially require that out-of-service...
With over a decade of investing in real estate under my belt, I’ve learned a few things about the buying and bidding process. Whether you are a first time buyer, looking for a bigger home, or downsizing, investing in real estate is a smart decision – but only if you do it wisely. Bidding wars, unfortunately, may be here to stay, so here’s some advice that may help you to secure your next property.
A new report says that investors and homebuyers in Vancouver will need more than 100 per cent of their household income to afford a property in the city by 2030.
The report, Downsizing the Canadian Dream: Homeownership Realities for Millenials and Beyond, published by Vancouver City Savings Credit Union, said that more and more homebuyers and investors will have to revise their expectations.
Today, for example, the average property requires more than 48 per cent of the average household’s monthly income, but that will climb to 100 per cent by 2030, according to the report.
By 2030, average per cent of income required to maintain a mortgage in various communities will be unsustainable. For example:
Why Your Realtor Website Must Be Mobile-Responsive
With a third of Realtor website views coming from mobile devices, responsive websites are a must-have, not a nice-to-have, says marketing guru Jeff Kee.
As of March 2015, approximately one-third of Realtor websites were viewed on mobile browsers rather than traditional desktop or laptop screens. Most people will google somebody’s name to find more information on that person before committing, and many others will stumble upon your website while they search for listings or agents on Google.
Remember that time when you went to a site and you couldn’t find the email or phone number right away? Or the time when you had to pinch and zoom so much for one piece of information? And you...
2014 Medallion Club Award
What is the Medallion Award?
For the past 50 years, the Real Estate Board of Greater Vancouver (REBGV) has celebrated the exceptional achievements of its top producing members with the Medallion and President’s Club Awards. These awards recognize outstanding service, dedication and success in the real estate profession. The REBGV represents 11,600 licensed commercial and residential Realtors. Medallion Club qualifiers are recognized for being within the top 10 per cent of Realtors for sales volumes on the region’s Multiple Listing Service (MLS).
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