Dr Sam Mehrbod’s Blog

In Vancouver, a solo buyer would need to save for 12.2-mo to afford the minimum down payment of $50,190. Condos are the most affordable property type, ideal for single-income buyers.

To prepare your home for sale, consider staging it by cleaning thoroughly, making necessary repairs, depersonalizing, focusing on key rooms, and creating a good first impression. This will help attract potential buyers and increase the chances of selling your home quickly. Continue to full article

Changes in interest rates are anticipated to boost activity in sales and leasing in the latter part of the year. CBRE’s Real Estate market outlook predicts rate cuts by June 5, aiming for a 4% policy rate by year-end.

Vancouver City Council has unanimously approved the rezoning application for BC Housing's Skeena Terrace redevelopment. Continue to full article

Early-Q1 2024 avg home price: $1,161,300 – Stress test rate: 7.71% – Mortgage rate: 5.71%

When buying a home, successful negotiation depends on understanding market value, finances, and inspection results. Tips include researching market value, knowing finances, and using a home inspection. Negotiate for price, repairs, warranties, closing costs, and other terms. Consider walking away if terms are unacceptable. Continue to full article

Vancouver's retail market is experiencing increased demand due to rising rents and a revitalized downtown area. Limited availability and escalating rents are prompting quick lease securing by retailers. Despite a potential softening in consumer spending, growth is projected for 2024, backed by the local tech sector and robust consumer spending. The city is flourishing with…