Found 12 blog entries tagged as Place Real Estate Team.

Buying your first rental property can be a smart way to build income and long-term financial security. In Canada, with rising housing demand and more people choosing to rent, investing in a rental property has become a popular move among professionals, retirees, and couples. Whether you're thinking about a small apartment or a detached house, the key to success is doing your homework. This guide will walk you through 10 essential tips to help you make informed decisions and avoid costly mistakes.

1. Know Your Finances First

Start by understanding your financial situation. Do you have enough income to support a mortgage, plus extra for maintenance and vacancies? Most lenders in Canada require at least a 20% down payment for rental properties.…

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Planning to move to Vancouver? Whether you're arriving from across Canada or overseas, one thing is clear—finding the perfect home in this city is no small feat. With limited land, high demand, and a constantly shifting real estate market, buying a home here can feel like decoding a puzzle. That’s where a licensed real estate agent becomes your secret weapon.

Why the Vancouver Market Is Unique

Vancouver is one of the most sought-after cities in Canada, and with good reason. From the seawall to ski hills, this city offers a lifestyle that’s hard to beat. But that appeal comes with a price. The average detached house in Greater Vancouver is now over $2 million, and even condos average close to $800,000.

Add to that the complexity of navigating…

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British Columbia’s housing market has been on a roller coaster in recent years, leaving many to wonder: will home prices finally go down in 2025? This guide examines the latest data and forecasts – focusing on B.C. – to help both buyers and sellers navigate the 2025 housing market. We’ll look at recent price trends (2023–2024), supply and demand indicators, mortgage rate forecasts, and what they all mean for home prices in the year ahead. This is a data-driven analysis (no wild guesses or expert hype) to give you a clear picture of risks, opportunities, and timing considerations in British Columbia’s housing market.

Recent Market Trends: 2023–2024 Recap in B.C.

Over the past year, Canada’s housing market – and B.C. in particular – experienced a…

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In the ever-changing housing market, many buyers and investors are searching for smart ways to stretch their dollars, boost cash flow, and build long-term equity. One option that keeps rising to the top of that list? Duplex homes.

Whether you’re a first-time buyer, an experienced investor, or someone trying to house extended family, a duplex house might offer just the right blend of affordability and opportunity. But is it really worth it?

Let’s break it all down—floor plans, square footage, garage space, and that all-important return on investment.

What Is a Duplex?

At its core, a duplex is a single structure split into two separate units. Each unit usually has its own entrance, kitchen, living room, bath, and bedrooms. From the outside, it…

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Selling your house is all about making strategic renovations that boost your property’s appeal and market value without breaking the bank. Not all home improvement projects are created equal – some upgrades can significantly increase your home value and attract potential buyers, while others might only recoup a fraction of their cost. In fact, the average remodeling project adds only around 60% of its cost to the home’s value, so it’s crucial to focus on high-ROI improvements. The good news is that a handful of home improvements consistently deliver strong returns at resale. From curb appeal enhancements to kitchen and bathroom updates, the following seven upgrades will help you maximize your sale price and get the best return on your investment.

1.…

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Weak Canadian Job Creation Is The First Fallout From The Trade War

Today’s Labour Force Survey for March was weaker than expected. Employment decreased by 33,000 (-0.2%) in March, marking the first decline since January 2022. The drop followed minimal change in February and a streak of growth in November, December, and January, totaling 211,000 (+1.0%).

The employment rate—the proportion of the population aged 15 and older—fell by 0.2 percentage points to 60.9% in March. This partially reversed a 0.3 percentage point increase seen between October 2024 and January 2025.

Private vs. Public Sector Employment

Private sector employment dropped by 48,000 (-0.3%) in March, following minimal movement in February and a total increase of 97,000 (+0.7%)…

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If you've been feeling like your house just doesn’t work the way it used to—or doesn’t feel quite right anymore—you’re not alone. Many people reach a point where their home no longer matches their lifestyle, or worse, starts to feel like a burden instead of a place of comfort. Whether you’re dealing with broken cabinets, peeling paint, or just an outdated kitchen, recognizing the signs that it’s time for a renovation can save you a lot of time, money, and stress down the road.

So how do you know when it’s the right time to jump into a renovation project? Let’s dive into five clear signs that your home is asking for a change—and how to make it happen without losing your sanity or your savings.

1. Your Home No Longer Matches Your Lifestyle

Your…

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Tariffs, Economic Uncertainty Stall Spring Market in the Fraser Valley


Date: March 2025

SURREY, BC - March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years.

The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still 26 per cent below sales recorded this time last year.

Following a decline on the Board’s Multiple Listing Service® (MLS®) in February, new listings increased 22 per cent in March to 3,800. Overall inventory is at a decade-high level, with 9,219 active listings, 49 per cent above March 2024 and 59 per cent above the 10-year seasonal average.

“If not for the…

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A Market Made for Buyers is Missing Buyers

VANCOUVER, BC – April 2, 2025

Home sales registered on the MLS® in Metro Vancouver for the month of March were the lowest going back to 2019 for the same month, while active listings continue their upward trend.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales recorded in March 2024. This was 36.8 per cent below the 10-year seasonal average (3,308).

“If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics…

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Buying a townhouse in Vancouver West (Vancouver’s west side in British Columbia) is a significant decision. Vancouver’s real estate market is known for its resilience and high demand, but recent shifts have potential buyers wondering if now is a good time to buy. This comprehensive guide explores current market conditions, the pros and cons of townhouse living on the west side, financial considerations, and local lifestyle factors. By the end, you’ll have a clearer picture of whether buying a Vancouver West townhouse now aligns with your goals, and we’ll provide a call to action if you need expert help navigating your purchase.

Vancouver West Townhouse Market Overview

Vancouver West, often referred to as the West Side, encompasses prestigious…

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