In this video, I cover what’s happened in the Vancouver real estate market in the month of September, what’s coming that could affect the market, and a piece of technology I’m utilizing to get your home sold faster and for more money.
This is your Vancouver real estate market update for October 2019 and we’re diving into it right after this.
Hey, everyone. I’m Craig Veroni with RE/MAX Masters Realty. I’m a local real estate agent here in Vancouver, BC. I was named one of the top 50 video influencers in real estate, in North America, for the past 2 consecutive years for the way I utilize video to sell my client’s homes and educate them as well. In today’s video, I’m going to cover what’s happened in the Vancouver real estate market in the month of September, what’s coming that could affect the market, and a piece of technology I’m utilizing to get your home sold faster and for more money. I shoot a ton of videos about what it’s like to live, love, and own here in Vancouver so, if you haven’t yet, please subscribe to my channel, hit that thumbs up button and don’t forget to click on that bell so you can be notified immediately when I have a new video out. I really want you to be able to stay up to date on all the latest tips and insights into the Vancouver real estate market so you can become an expert too.
All right let’s get into it. So, last week I shot a video about the top 3 neighbourhoods in downtown Vancouver and in that video I talked about how Coal Harbour was the only sub-area downtown in a buyers market. Well, an interesting thing happened throughout the month of September. Coal Harbour went from a 7% sales ratio in August to an 11% sales ratio in September. It’s still considered a buyers market but things are picking up in that neighbourhood. The West End, however, went from a 25% sales ratio in August to a 14% sales ratio in September. Now, anything under 12% is considered a buyers market so, the West End is at the lower end of a balanced market right now and that is quite a change in this neighbourhood in one month. Both Downtown and Yaletown are still in seller's markets.
Now, I’m not going to bore you with statistics in this video. For a full rundown on your particular neighbourhood make sure to download the Snap Stats market reports attached to this video. If you’re watching this on Youtube, in the description section below is a link to a sample report. You can review that and if it’s something you find of value, and trust me you’re going to love these reports, you can simply fill out your name and email address to start receiving the reports monthly.
Some proposed changes which could affect the market here in Vancouver are Increasing the amortization rate for 1st-time homebuyers from 25 years to 30 years. Eliminating the stress test if you’re renewing your mortgage. And, decreasing the qualification rate for both buyers and refinancers. These were tossed out by the Conservative government, a little more than a week ago, in an attempt to woo voters in the upcoming federal election. If elected and if followed through upon, and those are big if’s, they could certainly have an impact on markets across Canada and here in Vancouver.
Now a piece of technology I’ve been using much more proactively over the past 16 weeks to educate my clients and market and sell their homes faster and for more money, is Youtube. Youtube has been around for a while, I know but it has largely been untapped and overlooked by most real estate agents, including myself until more recently. You see Youtube, unlike Facebook, Twitter, and Instagram, is a search engine. And, the people who use it are doing so for very specific reasons. They’re searching for something, looking for information, and trying to solve a problem they have. So for the past 16 weeks, I have been shooting and creating one video a week on topics about everything you need to know to live, love, and own here in Vancouver.
Just over the last month, I’ve created videos such as “How to move to Vancouver.” “The cost of living in Vancouver.” “The pros and cons of living in Vancouver.” “Where to live in Vancouver,” and “The top 3 neighbourhoods in downtown Vancouver. If you’ve missed any of them, be sure to check them out on my channel. Also, hit that subscribe button and click on the bell so you can be notified the moment I have a new video out.
I hope you’ve enjoyed this video. If so, please hit that thumbs up button and give it a like and make sure to leave a comment down below. As I mentioned, I’ve shot a ton of videos of various areas around Vancouver and will be shooting many more areas over the next few weeks so stay tuned.
Thanks for watching. Have a fantastic day and remember, this is where you Live. Love. Own Vancouver!
If you'd like a phenomenal (FREE) market report covering every area of Metro Vancouver as well as their sub-areas, I have one for you. This report will keep you up to date on the amount of inventory in a certain area, the average list to sale price ratio, average sale price, average days on market and so much more. For your free Metro Vancouver Market Report, click here:
https://www.craigveroni.ca/free-metro-vancouver-market-report
Be sure to check out the other videos on my channel which help both Buyers and Sellers here in Vancouver and be sure to visit my website for all your home search needs. https://www.craigveroni.ca
Remember, this is where you Live. Love. Own Vancouver!
Mortgage Payment Calculator: https://www.craigveroni.ca/mortgage-payment-calculator
Follow me here as well:
Facebook: https://business.facebook.com/CraigVeroniRealEstate
Instagram: https://www.instagram.com/craigveroni
Twitter: https://twitter.com/craigveroni
LinkedIn: https://www.linkedin.com/in/craigveroni
This is your Vancouver real estate market update for October 2019 and we’re diving into it right after this.
Hey, everyone. I’m Craig Veroni with RE/MAX Masters Realty. I’m a local real estate agent here in Vancouver, BC. I was named one of the top 50 video influencers in real estate, in North America, for the past 2 consecutive years for the way I utilize video to sell my client’s homes and educate them as well. In today’s video, I’m going to cover what’s happened in the Vancouver real estate market in the month of September, what’s coming that could affect the market, and a piece of technology I’m utilizing to get your home sold faster and for more money. I shoot a ton of videos about what it’s like to live, love, and own here in Vancouver so, if you haven’t yet, please subscribe to my channel, hit that thumbs up button and don’t forget to click on that bell so you can be notified immediately when I have a new video out. I really want you to be able to stay up to date on all the latest tips and insights into the Vancouver real estate market so you can become an expert too.
All right let’s get into it. So, last week I shot a video about the top 3 neighbourhoods in downtown Vancouver and in that video I talked about how Coal Harbour was the only sub-area downtown in a buyers market. Well, an interesting thing happened throughout the month of September. Coal Harbour went from a 7% sales ratio in August to an 11% sales ratio in September. It’s still considered a buyers market but things are picking up in that neighbourhood. The West End, however, went from a 25% sales ratio in August to a 14% sales ratio in September. Now, anything under 12% is considered a buyers market so, the West End is at the lower end of a balanced market right now and that is quite a change in this neighbourhood in one month. Both Downtown and Yaletown are still in seller's markets.
Now, I’m not going to bore you with statistics in this video. For a full rundown on your particular neighbourhood make sure to download the Snap Stats market reports attached to this video. If you’re watching this on Youtube, in the description section below is a link to a sample report. You can review that and if it’s something you find of value, and trust me you’re going to love these reports, you can simply fill out your name and email address to start receiving the reports monthly.
Some proposed changes which could affect the market here in Vancouver are Increasing the amortization rate for 1st-time homebuyers from 25 years to 30 years. Eliminating the stress test if you’re renewing your mortgage. And, decreasing the qualification rate for both buyers and refinancers. These were tossed out by the Conservative government, a little more than a week ago, in an attempt to woo voters in the upcoming federal election. If elected and if followed through upon, and those are big if’s, they could certainly have an impact on markets across Canada and here in Vancouver.
Now a piece of technology I’ve been using much more proactively over the past 16 weeks to educate my clients and market and sell their homes faster and for more money, is Youtube. Youtube has been around for a while, I know but it has largely been untapped and overlooked by most real estate agents, including myself until more recently. You see Youtube, unlike Facebook, Twitter, and Instagram, is a search engine. And, the people who use it are doing so for very specific reasons. They’re searching for something, looking for information, and trying to solve a problem they have. So for the past 16 weeks, I have been shooting and creating one video a week on topics about everything you need to know to live, love, and own here in Vancouver.
Just over the last month, I’ve created videos such as “How to move to Vancouver.” “The cost of living in Vancouver.” “The pros and cons of living in Vancouver.” “Where to live in Vancouver,” and “The top 3 neighbourhoods in downtown Vancouver. If you’ve missed any of them, be sure to check them out on my channel. Also, hit that subscribe button and click on the bell so you can be notified the moment I have a new video out.
I hope you’ve enjoyed this video. If so, please hit that thumbs up button and give it a like and make sure to leave a comment down below. As I mentioned, I’ve shot a ton of videos of various areas around Vancouver and will be shooting many more areas over the next few weeks so stay tuned.
Thanks for watching. Have a fantastic day and remember, this is where you Live. Love. Own Vancouver!
If you'd like a phenomenal (FREE) market report covering every area of Metro Vancouver as well as their sub-areas, I have one for you. This report will keep you up to date on the amount of inventory in a certain area, the average list to sale price ratio, average sale price, average days on market and so much more. For your free Metro Vancouver Market Report, click here:
https://www.craigveroni.ca/free-metro-vancouver-market-report
Be sure to check out the other videos on my channel which help both Buyers and Sellers here in Vancouver and be sure to visit my website for all your home search needs. https://www.craigveroni.ca
Remember, this is where you Live. Love. Own Vancouver!
Mortgage Payment Calculator: https://www.craigveroni.ca/mortgage-payment-calculator
Follow me here as well:
Facebook: https://business.facebook.com/CraigVeroniRealEstate
Instagram: https://www.instagram.com/craigveroni
Twitter: https://twitter.com/craigveroni
LinkedIn: https://www.linkedin.com/in/craigveroni
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