SHARP STORIES - VANCOUVER REAL ESTATE PODCAST

With the proposed 500,000 new Canadian immigrants desired by the federal government annually now, how will the housing market cope? If there isn’t enough housing for everyone currently here, how can we possibly accommodate for such an influx annually? Bureaucracy and redtape need to step aside and building needs to continue consistently and quickly. We are disagreeing on the points of today’s vide...

This week we dive into the monthly numbers. What is it looking like? Surprisingly still no Buyers Market in sight. Balanced & sellers market in all segments of the market. We additionally dive into the realities of seller expectations in the current market. Are they unrealistic or do more people than normal just not NEED to actually sell? A few people more than happy to try top of market numbers a...

This week we look into our crystal balls again on what 2023 will look like here in the Vancouver Real Estate Market. From mortgage rates to market climate, we discuss it all!  Additionally we dive into the other main conversation that is currently taking place at the moment on pricing. Yes prices have reduced in all markets now. However with those price reductions, the difference is really ma...

This week we follow the money! There is much talk about inflation and the bank of Canada raising rates as we all know. In addition to your monthly mortgage payment either going up or simply paying a smaller % of your monthly payment (if you are not in a fixed term mortgage), there is a lot currently happening. In this episode we break down exactly how the money you borrow (Mortgage) gets from the...

This week we dive into the ABC Vancouver's Platform to change the city as we know it! We have highlighted 21 special points of the parties 94 point plan to revitalize & clean up the city. The 94 point plan is broken down into the following 12 segments: - Reconciliation - Equity, Diversity, & Inclusion - Social, Supportive, and Non-Market Housing - Market Housing - Public Safety, Mental Health and...

This week we deep dive into the next mayoral fight for the streets of Vancouver! The election is this weekend but pre-voting has already begun. We dive into JUST the housing platforms of the five candidates, Kennedy Stewart - Forward Together (Current Mayor of Vancouver), Ken Sim - ABC Vancouver, Colleen Hardwick - TEAM Vancouver, Mark Marrisen - Progress Vancouver, Fred Harding - NPA Vancouver. S...

This week Ben & Jay are going through the September 2022 Vancouver Real Estate Market Update! There is one main point that must be highlighted form this months update & that is the fact that month over month listing numbers have quickly increased!!! This is a very welcomed change from last month which was still down and decreasing... One of the huge issues that the current market velocity has been...

Today we are back in the studio and discussing the effects of the most recent and very controversial 2% annual rental increase allowance that was passed. This was an increase that was long awaited to see what the government was going to mandate for landlords to be able to increase rent. People were really waiting to see how much increase was going to be allowed or if they were going to continue a...

This week Ben is solo while Jay is away! Ben discusses some new changes that are coming to both the Vancouver Real Estate Board & Realtor.ca for further Real Estate transparency to the market. Transparency is always welcomed win our eyes & the more information that is free flowing about the market, the better. The changes discussed are as follows: - Historical Listing Prices of home swill now be m...

This week we discuss the prized political topic that will never come together of Social Housing... The ins & outs of our thoughts on this topic that aims to help the lower end of the market of non-buyers by squeezing land use to further take pricing away from first time home buyers... Why do people love this idea so much with no proof of work? Follow & subscribe for weekly videos from your favouri...

This week we discuss todays interest rate hike by the Bank of Canada of yet another 0.75% bringing the current prime rate ups to 3.25%. This will continue to put further pressure on real estate sales & listing value. Plus of course add buying pressure to the market. Buyers have time these days in their decisions to still surprisingly not a large list of quality inventory to choose from... Will thi...

This week we are diving into the depths of who is doing what right now in the Vancouver Real Estate. Who is buying, who is sell and why? In such a climate, why would anyone do anything? Well the market is still moving along slowly but surely with a bit more confidence then you may think. This is what we are seeing on the ground! Like & Subscribe for your weekly video info on the Vancouver Real Est...

This week we are doing the summer roundup! I Jay McInnes am on the scotch & cigar couch solo as Ben & Chase are away... The summer round up s going over what the hell has happened in the past 5 months since the market has changed. What have interest rates done and where do I believe they are going. What has inflation done? What is the market looking like today. And of course what is the Fall Marke...

This week we discuss the details around selling your property at a loss and why it might make sense to do so... We will start by saying there is selling an an Authentic Loss (selling at a principal price below the principal price you paid) & selling at a fabricated loss (Selling at a price simply below peak market pricing). No-one wants to sell at an authentic loss. However sometimes life changes...

RBC is the largest Bank in Canada. The economists over there have highlighted that they believe we will have a peak to trough fall in the real estate market of 42%. This would be the largest adjustment in the past 40 years. No to be clear, this is a call on the Canadian Market a a whole, not just Vancouver. Let's dive into what this would look like, how realistic we believe this to be, some exampl...

This week Chase & I are going into the July 2022 Vancouver Real Estate Market Statistics, They are slowly but surely changing but there are STILL some strong Sellers markets out there..... Will they stay that way or will they inevitably dip into balanced market territory sooner than later? Downtown Vancouver Attached Market: 17% absorption ratio (balanced market) West Side Attached market: 7% abso...

This week we discuss that measures the government is taking to curb the market. However we would like to highlight this with a different approach that could be taken. We believe the government actions to date have proven that they believe in crippling the certain aspects of the market to assist with affordability. We believe this is completely the wrong approach. We believe the government should n...

This week we discuss the New Deal in Vancouver real Estate! No longer can you successfully search for an "under priced" unit and capitalize. there are simply too many people on the hunt, too much readily available information and too much pressure on the current market! The New Deal in in the words ahead. Contact us direct with any of your your thoughts or feelings that may agree or differ from wh...

This week while the market changes before us we feel the need to re-visit the age old question, Is it better to Rent or Buy? This is always an interesting conversation to say the least, but the answer is always the same.. Have a listen and jump into the conversation below with your thoughts if they differ from the above! Please Like & Subscribe to stay up to date on our weekly market update videos...

This week we introduce the newest member of the Sharp Real Estate Group! Chase Nelson-Murray has joined the team and we are very excited to have him! With 4 years of experiences Chase focuses his business in Burnaby & the Tri-City neighbourhoods. Chase works with both Buyers & Sellers and has a wealth of experience in negotiating the best results for whoever he is representing! Welcome to the team...

This week we discuss the reasons sellers need to do anything NOT to chase the market down & price your home properly! Using dated comparables of 30, 60 or 90 days plus, are the loose benchmarks that we need to strategically price below in the current market climate. As things soften, approaching the market conservatively will keep you ahead of things and not get you left behind as overpriced & sta...

This week we discuss the way of the market numbers...Things are slowing, yes... but we are still in Sellers market territory. Will the coming July rate hike change that finally? We will it be .75 points like our southern friends? Or will we make up our own number for once. Specifically in the height of peak inflation, will we continue to be influenced by the Federal reserve??? Again, our crystal b...

Is the market going to plummet? Is the market going to stabilize? Are buyers going to be pre-qualifying at a 10% stress test by the end of the year? We don't know because we don't have a crystal ball, but here are some ideas about different ways this adjusting market could go! Interested in your thoughts on this weeks topic, please comment below with your thoughts! -- -- Jay McInnes 604-771-4606 j...

This week we discuss the current softening state of the Vancouver Real Estate Market and the value said softening brings to the realities of "investing" in Real Estate. Things are changing, as they should... Its a MARKET, not a one directional activity of forever increasing values... Today we touch on why its a good thing that is bringing peoples expectations of Real Estate back down to reality as...

This week Ben is Back & we are discussing the shift in the market and what that means for sellers and their price expectations! Days between the day you list your property and the last comparable sale date count! You want to use the most compatible comparables possible and that also means comparables that have sold in the relatively recent past. If you are dealing with comparable properties that h...