Every major metric is pointing to home prices continuing to increase in price for the rest of 2021.   From the most straightforward, supply continues to dwindle and is at record lows across the country.  Meanwhile, new mortgages are being issued at a rate DOUBLE the previous record.    That alone is recipe for price increases - but we dig deeper into the immigration numbers, lack of new homes under construction, the immense amount of wealth Canadians have accumulated over the last 12 months and how delinquencies are  at all-time lows. 

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Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

The Liberal Government has retained their position of power and for those who voted for them, part of their decision was based on their housing promises.   In this episode we dig into the most impactful promises and the budget attached to each one.  From there we explore how likely these are to actual come to fruition and what housing may look like if they do.  

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Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

The amount of homes available for sale in BC has just hit a record low - 20,000.   Consider that just 12 years ago, in 2009, that number was 60,000 - and since then the population has grown by more than 700,000 people.  The average price of a home in BC increased by over 17% in the last 12 months and is up 80% in the last 10 years.   Credit remains at near record lows and mortgage applications are at record highs.    The competition to buy has never been more fierce, with less homes to ever to choose from.   

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

Rew.ca is Canada's leading Real Estate search portal and the place that millions of people start their home search.  Understandably there is an immense amount of data obtained through the site and in this episode we speak with the president, Simon Bray, to learn his journey into real estate and how Rew.ca is evolving based on home buyers behaviours.   We discuss where the gaps are in the real estate process, how REW helps solve these, we talk affordability, lack of inventory and where Vancouver Real Estate is headed in the next decade. 

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

Although Dan and Ryan typically focus on the Vancouver market as a whole, this weeks bonus episode explores the Macro Real Estate trends that taking place across the country. We explore the promises made by the respective political parties and whether their pledges line up with the reality we are facing as a nation. No doubt, there’s a systemic housing supply issue facing Canadians today - tune in and find out just how serious it is!

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

August felt like a fairly dramatic slow down from the frenetic pace we’ve seen most of the year! Both Dan and Ryan explore the latest stats from the Real Estate Board OG Greater Vancouver to check in and see where the month landed compared to the month prior and compared to last August. The question on everyone’s mind is, was August actually “slow” or are we beginning to get back into the typical real estate cycles we’ve experienced prior to the onset of the pandemic. Where are we headed from here?!

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

This week we return to talk about the looming Federal election as we dissect each parties housing platform and whether the promises made by the leaders of each respective party are what we collectively need to address extremely low levels of housing supply, increasing populations and increasing unaffordability. Are their promises feasible? Are they the right measures in today’s global economy and is banning foreign ownership going to have dire, unforeseen consequences? Tune in and see for yourself!

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

Vince Taylor, President of Pilothouse Project Marketing, joins us on this episode where he shares his wealth of Real Estate knowledge accumulated over 20+ years in the Industry.  We dive into housing affordability, why it takes developers so long to bring new products to market, his views on taxation and supply vs demand. Vince gives us an insight into where he sees the BC real estate market going forward, and even shares his #1 city most recommended to invest in. 

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

Inventory in Metro Vancouver is hovering around the 10,000 mark - the same amount it was in August of 2005.   The difference is, there are over 500,000 more people living here since then.   Understandably that makes for a very tight market.   Inventory has been dropping for 6 straight years and there are less than HALF the homes available than there was in 2015.   We dive into what is causing this lack of availability and if the record breaking building permits out there will help ease this pressure anytime soon. 

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com

Both Median & Average homes prices in Vancouver are down over $60,000 in the last 3 months.   As we dig deep into the July Real Estate stats we uncover what is driving this downward pressure on prices, and give our predictions into how much longer the downward trend will go on.  Incredibly tight inventory coupled with extremely low new listings are creating a baseline effect and with new mortgage applications at a record high, the fall market may be poised for another serious run up.    

_________________________________ 

Contact Us To Book Your Private Consultation:

📆 https://calendly.com/thevancouverlife

Dan Wurtele, PREC, REIA

604.809.0834

[email protected]

Ryan Dash PREC

778.898.0089
 [email protected] 

www.thevancouverlife.com