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BC Housing Demand Forecast to be Strongest Since 2007
BCREA 2015 Second Quarter Housing Forecast

Vancouver, BC – June 1, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 Second Quarter Housing Forecast today.

 

“More robust economic growth, strong consumer confidence and rock-bottom mortgage interest rates are expected to push housing demand this year to its highest level since 2007,” said Cameron Muir, BCREA Chief Economist.  

Multiple Listing Service® (MLS®) residential sales in British Columbia are forecast to rise 12.1 per cent to 94,300 units this year, before edging back 2.9 per cent to 91,600 units in 2016. The ten-year average is 83,600 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.  

Stronger consumer demand combined with fewer homes available for sale is forecast to push the average MLS® residential sales price in the province up 7.4 per cent to $610,500 this year. Modest upward pressure on mortgage interest and rising new home completions are expected to ease pressure on home prices in 2016. The average MLS® residential sales price is forecast to increase by 1.7 per cent to $621,000 in 2016.

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In Vancouver's Rights of Passage program, youth are guided through a six-step program that gradually increases their privileges and responsibilities. In this video, staff and youth from Covenant House Vancouver discuss how the Steps to Independence program works to prepare them for independence.


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22 Most Beautiful Houses Made from Shipping Containers

 

Living in these days can mean a lot more that just having a shelter, food and clothing.  People have evolved a lot in the last 50 years and the trend is of an exponential growth. The differences between generations will be more significant than there are now. As a proof that people have already started to change their minds and philosophy are the random bursts of nonconformism, meaning that some people no longer feel represented by the masses, and their image can’t be associated with an institution of a large group of people.  CLICK ON THE IMAGE BELOW TO VIEW THESE AMAZING HOMES!

 

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Cut out the unnecessary before you move to a smaller home.

Whether you’re an empty nester moving from a house into a condo, or a renter trading in a two-bedroom for a studio, you’ll have to say sayonara to some of your stuff. Stressed out by the prospect? Don’t be. Sarah Moyse and Jennie Davidson, Toronto-based moving planners and owners of Wren Designs, offer 10 tips designed to make downsizing a snap!

1. Write a list of all the items you love and can’t live without; it will help you bid adieu to things that didn’t make the list. “It’s hard to persuade people they can’t take everything with them,” Sarah says. “But by keeping what’s on your wish list, you won’t be upset about the things you can’t keep.”

2. Start thinning out your belongings at least three months before the move. Take some time each day, or one morning each week, to go through that jammed coat closet or overflowing filing cabinet. “Paper is the real killer,” Jennie says, so tackle it one box at a time. The same goes for photos, which require a lot of attention.

3. Get a feel for the size of your new rooms by comparing them to rooms of similar dimensions in your present home. For instance, your living-room-to-be might be roughly the same size as your current bedroom. You may think you can squeeze in two sofas, but this kind of reality check could help you realize that only one will fit comfortably.

4. Heavily edit areas with items that don’t have as much sentimental value. Take the kitchen, for example; most people don’t need 10 mixing bowls and won’t get teary-eyed over losing a second spatula. If you’re downsizing from a house to a condo, target the garage. Snow shovels, the lawn mower, ladders – you won’t need any of them.

5. Don’t throw anything in the garbage. Recycle, reuse, sell and donate instead. As tempting and easy as it is to pitch wire hangers, musty clothes and shabby furnishings, be environmentally responsible and find a home for everything. A can of Comet with a few shakes of powder left could make someone else’s sink sparkle if you don’t want it; consider giving supplies to a shelter, neighbour or cleaning lady.

6. Label three bins To Keep, To Sell and Charity (bins should be manageable when full). For the average downsize, keep only one-third to one-half of your belongings, say Sarah and Jennie.

7. Get an objective opinion. If you can’t decide whether to keep or kiss that dusty ’70s-era sewing machine goodbye, Sarah says, “It’s good to have someone who’ll say, ‘Oh, please, you never use that!'” It might just be the kick you need.

8. When selling your goods, try an auction for high-end items. Then look for reputable antique and secondhand dealers. Often, they can buy all of your wares or put you in touch with booksellers and other specialty dealers. “Some dealers will come to your home, take what you don’t want and even drop off the charity stuff,” Sarah says. “That way you won’t be trudging all over town.” If you can’t sell an item, donate it to a shelter.

9. Use floor plans to prearrange your furniture before the move. This is another useful reality check. To start, draw plans if you don’t have any, and sketch in a furniture layout. Then look at the plans realistically; if you’ve crammed in side tables, armoires and chairs, you need to edit more. Don’t wait until after you move to contend with furniture you’ll just end up tripping over.

10. Once you get to the packing stage, use a colour-coded system to organize all of your boxes.Choose a colour for each room and mark the boxes destined for that room with a coordinating colour sticker. You can also do the same thing numerically; for example, if room No. 1 is the kitchen, then all boxes marked No. 1 will go there. A simple and efficient organizing idea to make the move that much easier!

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.