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5 Signs it is Time to Move

time to move

Is is time to move? You may have caught yourself thinking this recently. With the current situation that we are all living in, our priorities have shifted. How we use our space has also shifted. Maybe you are working from home, kids are being schooled at home, decrease in income, or, you just need more space for yourself! Here is what you need to consider.

Best Financial Decision

Increase Income

Real estate is an investment that generally goes up. If you have more disposable income, consider investing in your own home. Upsize, move to a more desirable neighbour, or closer to amenities that you enjoy.

Decreased Income

If you have taken a cut to your disposable income, consider downsizing. It is not comfortable living budgeted to your last nickel. Would moving somewhere small, further away from work and your favourite coffee shop help your budget. If yes, consider it!

Space no longer fits your needsSee the source image

In general we go through changes in our lives that require more or less room in our homes. Having children, suddenly working from home, kids being home schooled. Or, the children have moved out, you have chosen to live on your own no longer giving classes from home. The space doesn’t fit.

Really take into consideration what it is that you need in a home. A home office, extra room for guests, big back yard or some where that you have less maintenance. It may be time to move.

Ready for a change

Feeling suffocated in the city or too far way from everything in the country? Always wanted to have a backyard for the dog and children to play. Getting your hands dirty by renovating a home for yourself? What is it that you are looking to change. Hone in on that. Really get to know what you are looking for any why. After considering everything, you may look at living in a different city!

Different commute

Now you work from home, or your job is now a 2 hour commute in the other direction. Is this the ideal neighbourhood that you want to live in? Would it be beneficial to move closer to work? Consider, travel time, fuel and versus family time and mortgage payment.

Thinking about it (a lot)

You have been thinking about it a lot. Maybe looking online at homes or looking at interior design. You just want a change.

Talk to friends and family. Narrow down what type of property, amenities, location, what can you afford?  After this process then talk to a mortgage broker and a Realtor.

A Realtor that knows the area you are looking in is important! Geoff know subareas of Burnaby extremely well.

Call him today! 604-313-7280

 

Home Sellers Increasingly Active – April 2021 Market Update

Home Sellers Increasingly Active

April 2021 Market Update – Real Estate Stats Package 

Home sellers increasingly active in Metro Vancouver’s* housing market this spring. In response to heightened demand and rising home values that have materialized during the pandemic.

“Our housing market has changed considerably from one year ago. When COVID-19 concerns brought activity to a near standstill,” Keith Stewart, REBGV’s economist said. “This was followed by a well-documented spike in home buyer demand across the region. So far this spring, we’ve seen a corresponding supply response from home sellers.”

“While homes are now being listed at record levels, more supply is needed to meet today’s demand and help market conditions achieve greater balance,” Stewart said. Even as home sellers are increasingly active!

Last month’s sales were 56.2 per cent above the 10-year April sales average and is the highest total on record for the month.

“Record low interest rates, increased household savings, a strengthening economy and a continued focus on living space during the pandemic. All factors that are helping to bolster demand while steady price growth is encouraging more sellers to list their homes,” Stewart said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,152,600. This represents a 12 per cent increase over April 2020 and a 2.6 per cent increase compared to March 2021.

Call Geoff at 604 313 7280 to discuss what is happening in your neighbourhood!

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