The Vancouver Life Real Estate Podcast

On April 8th the Office of the Superintendent of Financial Institutions (OSFI) proposed a  0.46% increase to the existing Stress Test, raising the mortgage qualification rate from 4.79% to 5.25%.   This will ultimately reduce people's buying power by 4.5%       But in this environment, will home prices reduce by a similar amount?   We look into what happened when the Stress Test was originally introduced, and how much home prices fell then.    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

Every real estate record was smashed in March 2021, and most be a significant margin.  Prices, sales volumes, inventory, sales ratios, appreciation rates, the list goes on and on.  We take a deeper dive into the numbers and share our prediction on what's going to happen next.   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

The Canadian Real Estate Market is so overheated that the IMF has come out and labelled it Risky, while RBC is claiming it could destabilize the economy.    Both bodies point to taxation and tighter credit controls as a solution, (aka, taxing the demand) while 2 councillors in Vancouver are pushing to fix the permitting process to help with the supply side.  All price, sales and listings are on track to set all-time high records this month, showing that any sign of a slowdown is likely months away. _________________________________ 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

Real Estate prices have been rising for 18 straight months and, recently, have gone parabolic.    With March on pace to be the highest sales volume month ever recorded, and all 3 price indicators at All-Time-Highs, the question becomes, When & How Is The Vancouver Real Estate Market Going To Slow Down?   We dive into what happened the last time the market rose this fast and what caused it to slow down, and for prices to drop.    Can these measures be implemented again?  What's different this time around?  Learn these answers and more in this podcast.  _________________________________ 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

Condos in downtown Vancouver were one of the few to experience a price drop during Covid.  While detached homes and townhomes saw double digit price increases, downtown condos actually dropped in price by 14%.   Pricing hit bottom in November and have been rapidly increasing ever since, up 7%  over just 3 months.   Inventory dropped from 1,200 to 700 and listings that sat on the market for months are now seeing multiple offers.   We dig into what is causing this sudden increase in interest and how long we expect it to last.  _________________________________ 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

Home prices jumped 2.6% in just one month as sales volumes registered 73% higher than the year before.  Mortgage rates have started to climb, but the market has yet to show any signs of slowing down.  We dig into the specifics and share some stories about what we're seeing in the market day in and day out.  _________________________________ 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

In this interview, we learn how people are using their insurance policies to buy real estate. Laurent & Robert are from Safe Pacific Financial, who specialize in building custom financial plans for success driven Canadian’s. They help Canadians understand the power of using life insurance as a financial tool. By protecting their client’s greatest assets and helping them achieve their financial goals, they can rest easy knowing their futures are secure.  We learnt a lot from this episode, and think you will too.To learn more, visit: https://safepacific.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

Ever thought about having a custom built home made for yourself?  Wonder what the process is like?  The cost?  How long permits take?  The benefit compared to a major renovation?   These answers and a lot more can be found in this interview with Mohsin Ghuman from Pacific Vision Development.  Mohsin and his team specialize in designing and building custom homes and talk about the client journey from initial discussion through to handing over the keys.   https://pvdevelopment.ca/ _________________________________ 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

Jon & Michael have a wealth of knowledge when it comes to trends in the Vancouver Real Estate market.   We dive into how the Pandemic affect prices and buying habits, what properties look to have the most demand moving forward, and the unbelievable amount of taxes you pay when buying a home.  _________________________________ 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

The strong sales volumes seen during the second half of 2020 carried into 2021 with January seeing sales at a 2nd all time high, only trailing 2016.    This is a reoccurring theme lately, where it feels like 2016 all over again.  Properties are appreciating at a very high rate and multiple offer scenarios are commonplace.  We explore what is causing this sustained pressure and how long we think it will last. _________________________________ 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