Lorne Goldman Reviews

Vancouver Real Estate Market Report January 2018

Here’s a statistical analysis of the Vancouver Real Estate Market for January, 2018. Vancouver Westside Detached As of January 31, 2018 there were 617 detached homes for sale. Note this is an increase of 11% from the last January when there was 554 houses for sale. This increase in inventory is tempered when one examines […]

Take a Hike: Why Canadian Interest Rates Are Soaring

By Lorne Goldman Posted in Lorne Goldman Reviews On Feb 02, 2018

In 2009, Canadian interest rates fell to a historic low of 0.25% in response to the global recession. Now, after several years of super-low interest rates, Canada’s economic outlook is strong. In turn, the Bank of Canada’s lending rates are going back up. For people with mortgages or looking to get a mortgage, rising interest rates can cause […]

Lorne Goldman Reviews | New Property Assessments by BC Assessment

By Lorne Goldman Posted in Lorne Goldman Reviews On Jan 02, 2018

The headline in Vancouver Sun January 3, 2018 reads, “Value Hikes Enter the Strata-sphere”. This article pertains to the new property assessments produced by BC Assessment. This provincial government office was established in 1974 and currently employs 747 people to develop and maintain real property assessments throughout British Columbia. Of interest is the question of [...] Read More

Lorne Goldman Reviews | BC Property Transfer Tax

By Lorne Goldman Posted in Finance & Lending, Lorne Goldman Reviews On Dec 23, 2017

You already know that buying a home in Vancouver is a great idea. The city keeps winning accolades from around the world. It offers awe-inspiring views and access to mountains and the ocean. Buying property in Vancouver means you’ve got the first unofficial rule of the real estate covered. Location, location, location. But location isn’t the […]

A Review of Fall Vancouver Real Estate Activity

By Lorne Goldman Posted in Lorne Goldman Reviews On Nov 16, 2017

October 2017 saw interesting activity in the Vancouver market that may be the repercussion of the federal government announcement to tighten mortgage requirements sending motivated buyers scrambling to enter the market before changes commence January 1st, 2018. WHAT IS A MORTGAGE STRESS TEST? Currently, a buyer becomes an uninsured borrower when they put down more [...] Read More

Lorne Goldman Reviews | Real Estate Sold Prices & The Future of the Market

By Lorne Goldman Posted in Lorne Goldman Reviews, Market Trends, Sold Trends, Vancouver Real Estate On Aug 16, 2017

Vancouver real estate sold prices say a lot about the future of the market. Consistently rated one of the world’s best cities to live in, renowned for innovative programs of sustainability, and awarded the honor of being the tenth cleanest city in the world — Vancouver is an incredible place to call home. With a booming economic […]

Lorne Goldman Reviews | Market History for 5387 Cypress Street

By Lorne Goldman Posted in Lorne Goldman Reviews, Market Trends On Apr 03, 2017

It is unusual to specifically ascertain annualized real estate values, but there is an excellent example in the property located at 5387 Cypress street. Situated on a 78 x 122 foot lot, the 3,499 square foot home has sold nine times in the past twelve years.

Lorne Goldman Reviews | February 2017 Benchmark Home Price Index for Vancouver

By Lorne Goldman Posted in Lorne Goldman Reviews, Market Trends On Mar 01, 2017

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market. Residential home sales in the region Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 […]

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