The Vancouver Life Real Estate Podcast

After a 2 year bull-run with 20%+ annualized gains the Canadian Real Estate market is facing some headwinds.  30 year inflation highs with raw materials up 13% in the last 2 months alone along with the major economical impacts of the Russian war yet to be felt in North America will all contribute to a sentiment shift in the market.   While under construction homes are at record highs, a majority of those are rental units and won't help the low supply issue.   Couple that with rising construction costs causing new building permits to back off, down 19% in the last year alone.    Meanwhile, employment rates are at an all time high with 900,000 job vacancies across Canada and 1 in 4 businesses offer higher wages this year.    The market is clearly being pulled in 2 directions right now and what we can guarantee is that the next 2 years will look very different than the last 2. www.thevancouverlife.com _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Do you have the wrong kind of debt? The kind that is not tax-deductible? Most of us do. The wealthy have debt too. The difference is they routinely turn their loans into “good debt” by making the interest tax deductible with the help of expensive accountants and lawyers. So while the wealthy are transforming their house mortgage loans into free tax refunds, the rest of us are paying off huge amounts of mortgage interest with after-tax income. Until now. The Smith Manoeuvre has introduced a new, simple, and powerful method that extends those tax-saving benefits to the rest of Canadians. It is now easy for you and your Smith Manoeuvre Certified Professional to start turning your bad debt into good debt, right away. Are you investing enough, soon enough? Most Canadians aren’t. After ever-rising taxes and the cost of making ends meet, most of us don’t have the resources to put away 10% of our income or max out our RRSPs or TFSAs every year. The benefits of compound interest, which are essential to our long-term financial well-being, remain elusive. But there is a way to change that. It’s done by transforming mortgage interest into tax refunds. Next to winning the lottery, nothing improves your cash flow more efficiently than the act of reducing your income tax – and doing it by making your mortgage tax-deductible. The Smith Manoeuvre is a remarkably efficient way for you and your family to raise large amounts of new money, through free tax refunds, so that you can start building a larger nest egg, sooner.  You may or may not have a monthly savings program already (congratulations if you do!) but how would you like to have an additional $750 per month to invest for your future?  Maybe $1,000 per month?  More? Is your mortgage killing you softly? A $500,000 mortgage at 4.0% over 25 years will set you back about $289,000 in interest costs. So that $500,000 will end up costing you over $789,000.  And that’s after-tax income, which means you’ll have to earn about $1,127,000 to pay off your home if you’re at the 30% tax bracket. No wonder it’s difficult to save for the future. But if you make it tax-deductible using The Smith Manoeuvre, you will recover a good chunk of that interest in the form of yearly tax refunds. Use the tax department’s money to pay down your expensive, non-deductible mortgage faster, and you’ll see it melt away many years sooner than you imagined possible. It stands to reason: if you are going to have mortgage debt, why not make it tax-deductible? The Smith Manoeuvre shows you how. In a nutshell.The Smith Manoeuvre employs refined and proven debt conversion techniques to transform mortgage interest into tax deductions. The method has a remarkable snowball effect that generates large and growing annual tax refunds, enables the homeowner to knock years off the life of a non-deductible mortgage and build an impressive financial portfolio at the same time. It is the most efficient way for families to raise the resources they need to secure both their house and income in retirement. The Smith Manoeuvre uses the legal tools of the CRA and Canadian Financial institutions. It has been reviewed by Revenue Canada staff, and endorsed by respected financial experts and economists, investment planners, and lenders.   Schedule a cha _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

There have been noticeable changes in the real estate market over the past 3 weeks.   Far less offers on properties, lower traffic levels at open houses, rising inventory, homes selling UNDER asking price.  It's a welcome change from the blowouts felt over the past 2 years.   And the cause?  Well, lots.   The increasing inflation felt largely in fuel and food, the stock market lowering and of course the Russian War.   All these are creating and environment of heightened uncertainty and people are pulling way back on major purchases and discretionary spending.  Housing will naturally feel the effects.   So where does it go from here?  And is this just a blip on the radar and low rates , high immigration and under building continue to make housing a rare commodity.   We dig into the answers in this episode and give you our predictions on what to expect in the coming months. www.thevancouverlife.com  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Another month another record, right?  Well, this record is something else.  After a 2 year Bull Run the market is accelerating.   Last month home prices increased at the rate of 4.6%.  IN ONE MONTH.   We shouldn't be seeing that rate over an entire year.     So why is this happening?  We get into that answer and dissect the February numbers in this episode.  The recent interest rate hike is examined and we give our forecasts into what you should expect to see in the Vancouver housing market in the upcoming months. www.thevancouverlife.com  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

While you mostly hear about homes selling for hundreds of thousands of dollars over asking price and homes selling in a week - it is far from rosy out there.   In reality, this market sucks.   It is so one sided that buyers are understandably having a challenging time.  There are stories of some buyers submitting 31 offers before getting one accepted!  Imagine that roller coaster. Ugh.   Lenders are doing their best to let buyers know it's all but impossible to make guarantees prior to an accepted offer - yet buyers have to go subject free.   Inspections are being waived and inspectors schedules are changing constantly.   Comp'ing a property has become all but impossible with homes often selling for 10% above any reasonable market evaluation.  Line ups down the street for open houses and double digit multiple offers are still the norm.  Fatigue set in some time ago and the market is running on pure adrenalin - it feels stretched to the absolute limit right now, and for most people, this market sucks. www.thevancouverlife.com _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Average home prices in Vancouver have gone up $100,000 in the first 6 weeks of 2022.  Yes, you read that correctly.    Prices, already detached from reality, have now entered a new level of insanity - as they are rising at the rate of $2,000 per day this year.    Last month, Toronto saw the average home price increase by 6.9%  IN ONE MONTH.    In this episode we share some stories and insights into what's happening locally and nationally, and discuss how much higher it can possibly go - and how far it will come down. www.thevancouverlife.com   _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Attention Investors!  This one is for you.    Keaton Bessey from Greater Vancouver Tenant & Property Management Ltd. joins us to talk everything about Rental Properties in the Vancouver area.    From what is happening with rental rates to how to properly screen tenants in order to find the best ones.    When is it a good idea to work with a property manager, and when is it not?  What are the pros and cons.   Keaton also talks about which type of property is best to maximize your returns, and in which neighbourhoods.  A MUST listen for anyone with or thinking about getting a Real Estate Investment Property. Greater Vancouver Tenant & Property Management Ltd. Keaton Bessey, Managing BrokerText “homeowner” to 604-256-6930https://www.gvantpm.com/property_management_fees_services  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

January 2022 started off with every real estate metric pinned to the top.  Average home prices increased by $42,000 last month hitting a new All Time High.  Incredibly tight inventory coupled with an abundance of active buyers saw multiple offer scenarios the norm and overall, January felt much more like a peak spring March / April market.    We dive deep into the stats and explore why the market continues its ferocious pace, plus we make our predictions into what to expect in the upcoming months.  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Pre Sale properties can be a fantastic option for both home owners and investors.   But how do you get the Best unit?  And for the best price?   And which areas are going to perform the best?    In this episode we interview  Scully, the Sales Director at Key Marketing.  Scully is an absolute legend in the Pre Sale world here in Vancouver, and he walks through how to navigate this market, how to position yourself for obtaining the most desirable units in a development, and how to get the best price and incentives.  Packed with pro tips, this episode shares how relationships are key and who to align yourself with for the best chance at a fantastic unit.   On top of this, Scully talks in depth about the upcoming pre sale projects Key Marketing is delivering in 2022 and how you can get First Access to them.   _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

REW.ca is the leading search portal for Real Estate in Canada.    In this episode Simon Bray, President of REW.ca walks us through the exciting new features their site offers to both home buyers and Realtors.    We talk about the record setting year that was 2021, and what he forecasts for the market in 2022.  Understandably, REW.ca has immensely powerful insights as they essentially have a crystal ball that can see into the future of real estate based on millions of home buyers behaviours.   _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com