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Is it a good time to buy Real Estate? Is it a Bad time to buy Real Estate?

I made this video in January 2023 but most of the content is still relevant. When is the best time to buy real estate? Of course it depends on your goals and that is part of the research that you need to be doing. The best time to buy real estate, if that is a goal of yours, is “when you can.” But what does that mean? "When you can" means when you've done all of the homework… this includes financial research, market research, neighborhood research, personal research… "When you can" is different for absolutely everybody. Don't let anybody tell you you should! This decision should always be yours and yours alone.

In this video, I am going to teach you the 'rules' of when to buy real estate. We'll cover topics like location, budget, and more. If you're looking to buy real estate, then you need to know the rules!

I’ll teach you the key factors you need to consider when buying real estate. From budget to location to market conditions, we'll cover everything you need to know in order to make an informed decision about when to buy! When should you buy? Is now a bad time to buy? Everyone wants to buy at the right time! Buy low sell high That makes sense doesn’t it…? Well, of course, it does in theory. In this I break down when is a good time and when is the bad time to buy. I’ll start by doing a simple explanation of trends and seasons, move on to some advice from one of the world's best investors, give you a story about my first condo purchase, let you know who I think it's “good and Bad” for and finally wrap it all up with a summary of when is a good time and when is a bad time to buy. REMEMBER!!! This is about your personal goals, your personal capacity, and your situation. Many people do not share the privilege of being able to pursue real estate and that is in no way a refection of them. I hope to inform, update, educate and empower. Never pressure, only inspire!

Do I recommend everyone gets into real estate? Well, as a realtor, you would assume I would say yes… But absolutely not. Real estate is not for everyone.

Personally, I do believe in the real estate market… I do own in the lower mainland… I do feel safe in my investment. But nothing is guaranteed. Your ability to own real estate does not in any way, shape or form, reflect upon you as a person, or your level of success. 

Let me know what you think. And if you have any questions or concerns, please feel free to reach out.

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A special solution? To the Vancouver, housing crisis.

Why on earth are there so many Vancouver specials? If you've seen one you've seen 1000. What does a Vancouver special have to do with our Vancouver’s housing crisis? 
If  are a Vancouverite and you don’t know who Uytae Lee is, you’re missing out! In this video Uytae breaks Vancouver special, and what it has to do with the Vancouver housing crisis…

“From the 1960s to the 1980s, one specific house was constructed in Vancouver over 10,000 times. Known today as the Vancouver Special, these houses could offer solutions to the current housing crises in cities across Canada. ‘Stories About Here’ explores the urban planning challenges that communities across Canada face today. In each episode we dig into the often overlooked issues in our own backyards - whether it’s the shortage of public bathrooms, sewage leaking into the water, or the bureaucratic roots of the housing crisis. Through it all, we hope to inspire people to become better informed and engaged members of their communities.” CBC Vancouver youtube

Supply and demand. Low supply in high demand drives up price. I've had this conversation with many people, and almost, regardless of how we look at it we have a low supply of housing in Vancouver. This means housing that is available for long-term rent or purchase. They're just simply isn't enough for the demand. And the demand grows every year, but the housing supply seems to lag behind. Vancouver special was a unique solution to this problem 60 years ago but, as Uytae Lee explains, people want a solution, but often don't want to have to change anything about their lives for it to be implemented. Give me wrong! If you are lucky enough to own, or live in a Single family home of course there's a good reason a good argument to not want a 30 story condo building right next door. But refusing the zoning changes, refusing, multifamily homes, is to refuse the very solution. There's so much red tape now to building, rezoning, and densifying that the costs are skyrocketing. On average a Vancouver home almost doubles in price every 10 years for the last 20 years… Thats insane! 

I think we all need to help find solutions and suggest to our regulatory bodies to push those forward. We need more homes, we need more non-market housing and we need them faster.

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Metro Vancouver real estate market update, April 2023

This is the April 2023 metro Vancouver real estate market update. I will be going over to Vancouver real estate market numbers provided by the the real estate board of greater Vancouver. Whether you're buying or selling or just curious, this is a great way to stay in touch with what's happening month-to-month in the real estate market here in Vancouver. I'll talk about the individual numbers for condos, townhouses, detached homes will go over the active listings, sales, benchmark price, as well as average days on market. And this video a break down what is a sales to active listing ratio and how you can use it to determine what kind of market condos, town, houses, detached homes may be in.

If you have any questions whatsoever, please feel free to reach out to me here! Or on anyone of my social media tags which I have listed below. Also, if you're curious as to what is out there, feel free to take a look at my website, you can save searches, say favourites reach out to me whenever you need. Or, check out my Vancouver property tours on Instagram, TikTok, YouTube, or Facebook. You can find them by searching #TouringWithTyler

https://www.instagram.com/tylerburrowsrealtor/

https://www.tiktok.com/@thetylerburrows

And here is the link to the real estate board of greater Vancouver's market update you can follow this and check out the numbers for yourself.

https://www.rebgv.org/market-watch/monthly-market-report.html

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Monthly Metro Vancouver Real Estate Market Update - February 2023

Whether you are buying or selling, it's important to understand what's going on in the market. Each month I release a real estate market highlight video for metro Vancouver to keep you informed and updated.

In each video I go over, detached homes, townhouses, and condos, and how they have been flow with the market throughout the year. I'll also tell you what type of market, each one of those falls into and how you can distinguish that.

Remember… Everyone's situation is specific to them. If you're looking to buy, and the type of property is not in a "buyers market" that just means we have to change strategy not outcome. That goes for selling as well.

Feel free to reach out at any point if you have any questions.

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Monthly Metro Vancouver Real Estate Market Update - January 2023

Whether you are buying or selling, it's important to understand what's going on in the market. Each month I release a real estate market highlight video for metro Vancouver to keep you informed and updated.

In each video I go over, detached homes, townhouses, and condos, and how they have been flow with the market throughout the year. I'll also tell you what type of market, each one of those falls into and how you can distinguish that.

Remember… Everyone's situation is specific to them. If you're looking to buy, and the type of property is not in a "buyers market" that just means we have to change strategy not outcome. That goes for selling as well.

Feel free to reach out at any point if you have any questions.

Read

Monthly Market Highlights - December 22(And 2023 Predictions)

Whether you are buying or selling, it's important to understand what's going on in the market. Each month I release a real estate market highlight video for metro Vancouver to keep you informed and updated.

In each video I go over, detached homes, townhouses, and condos, and how they have been flow with the market throughout the year. I'll also tell you what type of market, each one of those falls into and how you can distinguish that.

Remember… Everyone's situation is specific to them. If you're looking to buy, and the type of property is not in a "buyers market" that just means we have to change strategy not outcome. That goes for selling as well.

Feel free to reach out at any point if you have any questions.

Read

Monthly Market Highlights - Nov 22

Whether you are buying or selling, it's important to understand what's going on in the market. Each month I release a real estate market highlight video for metro Vancouver to keep you informed and updated.

In each video I go over, detached homes, townhouses, and condos, and how they have been flow with the market throughout the year. I'll also tell you what type of market, each one of those falls into and how you can distinguish that.

Remember… Everyone's situation is specific to them. If you're looking to buy, and the type of property is not in a "buyers market" that just means we have to change strategy not outcome. That goes for selling as well.

Feel free to reach out at any point if you have any questions.

Read

I have sold a property at 204 6904 FRASER ST in Vancouver

I have sold a property at 204 6904 FRASER ST in Vancouver. See details here

INCREDIBLE VALUE. Bring your Ideas! This top floor beautiful NE corner unit features 14 foot vaulted ceilings, two large bedrooms, and one and half bathrooms. Move-in ready, or great bones priced to reno to your liking, with the rare option for a wood burning fireplace! Casa Blanca is a boutique 16 unit building with metal roof, underground parking, sauna, games room, and a responsive and active strata council. Walking distance from schools, parks, golf, shopping, and groceries. A perfect starter home, or new condo for those needing an extra room. Also includes one underground parking spot, a storage locker and even a room for your deep freeze. Open House Tuesday September 6th 12-2pm

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Open House. Open House on Tuesday, September 6, 2022 12:00PM - 2:00PM
Call or text when you arrive 604-760-0944
Please visit our Open House at 204 6904 FRASER ST in Vancouver.
Open House on Tuesday, September 6, 2022 12:00PM - 2:00PM Call or text when you arrive 604-760-0944
INCREDIBLE VALUE. Bring your Ideas! This top floor beautiful NE corner unit features 14 foot vaulted ceilings, two large bedrooms, and one and half bathrooms. Move-in ready, or great bones priced to reno to your liking, with the rare option for a wood burning fireplace! Casa Blanca is a boutique 16 unit building with metal roof, underground parking, sauna, games room, and a responsive and active strata council. Walking distance from schools, parks, golf, shopping, and groceries. A perfect starter home, or new condo for those needing an extra room. Also includes one underground parking spot, a storage locker and even a room for your deep freeze. Open House Tuesday September 6th 12-2pm
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Open House. Open House on Wednesday, August 31, 2022 1:00PM - 3:00PM
Please call or Text Miranda Hiebert to view the property (604) 910-1139
Please visit our Open House at 204 6904 FRASER ST in Vancouver.
Open House on Wednesday, August 31, 2022 1:00PM - 3:00PM Please call or Text Miranda Hiebert to view the property (604) 910-1139
INCREDIBLE VALUE. Bring your Ideas! This top floor beautiful NE corner unit features 14 foot vaulted ceilings, two large bedrooms, and one and half bathrooms. Move-in ready, or great bones priced to reno to your liking, with the rare option for a wood burning fireplace! Casa Blanca is a boutique 16 unit building with metal roof, underground parking, sauna, games room, and a responsive and active strata council. Walking distance from schools, parks, golf, shopping, and groceries. A perfect starter home, or new condo for those needing an extra room. Also includes one underground parking spot, a storage locker and even a room for your deep freeze. Open house Wednesday 1:00-3:00
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Open House. Open House on Friday, August 12, 2022 4:00PM - 6:00PM
Give me a call or text when your arrive and I'll be happy to show you around 604-760-0944
Please visit our Open House at 204 6904 FRASER ST in Vancouver.
Open House on Friday, August 12, 2022 4:00PM - 6:00PM Give me a call or text when your arrive and I'll be happy to show you around 604-760-0944
INCREDIBLE VALUE. Bring your Ideas! This top floor beautiful NE corner unit features 14 foot vaulted ceilings, two large bedrooms, and one and half bathrooms. Move-in ready, or great bones priced to reno to your liking, with the rare option for a wood burning fireplace! Casa Blanca is a boutique 16 unit building with metal roof, underground parking, sauna, games room, and a responsive and active strata council. Walking distance from schools, parks, golf, shopping, and groceries. A perfect starter home, or new condo for those needing an extra room. Also includes one underground parking spot, a storage locker and even a room for your deep freeze. Open house Friday August 12th 4pm-6pm
Read

Open House. Open House on Friday, August 5, 2022 4:00PM - 6:00PM
Please give me a call when you arrive 604-760-0944
Please visit our Open House at 204 6904 FRASER ST in Vancouver.
Open House on Friday, August 5, 2022 4:00PM - 6:00PM Please give me a call when you arrive 604-760-0944
INCREDIBLE VALUE. Bring your Ideas! This top floor beautiful NE corner unit features 14 foot vaulted ceilings, two large bedrooms, and one and half bathrooms. Move-in ready, or great bones priced to reno to your liking, with the rare option for a wood burning fireplace! Casa Blanca is a boutique 16 unit building with metal roof, underground parking, sauna, games room, and a responsive and active strata council. Walking distance from schools, parks, golf, shopping, and groceries. A perfect starter home, or new condo for those needing an extra room. Also includes one underground parking spot, a storage locker and even a room for your deep freeze. Open house Friday August 5th 4pm-6pm
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