Blog and Stats Report

Impact of the Stress Test in 2018

Posted on Jul 11, 2019

STATS ON BOWEN - May 2019

Posted on Jul 07, 2019

Buyers in detached home markets may not see further significant corrections. “We expect to see some stabilization by the end of this year, we are going to see [detached home] prices stabilize.” Bryan Yu, Chief Economist, Central 1 Credit Union. (http://bit.ly/detached-housing)
BC government policies designed to bring down house prices have been a bo...

Will Your Remodel Pay Off?

Posted on Jul 01, 2019

The Best and Worst Ways to Spend Your Budget

Most new homeowners have something about their property that they want to change. And as family needs and design trends shift over time, many will eventually choose to remodel. Some homeowners make updates to their property before listing it to maximize their potential sales revenue.

Photo by Rustic Vegan...

Top 8 Home Design and Remodelling Trends for 2019

Posted on Jun 24, 2019 in Tips for sellers

If you’re a current homeowner, or in the market to buy, you’re probably curious about the latest trends in home design. Sellers who make strategic updates before listing a property can generate increased interest from buyers

and, in some cases, a premium selling price. And buyers should consider which features of a home will need updating immediate...

STATS ON BOWEN - April 2019

Posted on May 31, 2019 in Stats

Sales on Bowen Island during April continued to be flat with only 10 sales from November 2018 through April 2019. The number of sales year-over-year (YoY) was down (31.8 per cent) and year-to-date (YtD) was down (-65.0 per cent), while dollar volume of sales was down year-over-year (-42.9 per cent) and year-to-date (-72.4 per cent). These signific...

STATS ON BOWEN - March 2019

Posted on May 05, 2019 in Stats

Predictions that interest rates will not increase over the coming year should help rekindle interest in buyers, who have been reluctant to engage over the winter.Buyer reluctance – the result of new and increased taxes imposed by the BC Government and the mortgage stress test which has eroded the consumer’s buying power – continues to exert downwar...

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