Indo-Canadian Voice Realty - Oct 5 2019

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Saturday, Oct 05, 2019

Volume 28 Number 40

Phone: 604-502-6100

Fax: 604-501-6111 Email: voicerealtyads@gmail.com

The Number of Realtors Declined in 2018 for the first time since 2008 VANCOUVER, B.C.: Data compiled by Roomvu, a Vancouver-based real estate marketing and analytics firm, that shows that the number of realtors in the Greater Vancouver area nearly doubled from 2000 to 2017. Roomvu’s team of data scientists, in collaboration with UBC Sauder School of Business, showed that there were nearly 7,000 realtors operating in Metro Vancouver in the year 2000. Seventeen years later, that

number had jumped to 13,000, with numbers increasing each year apart from a small decrease in 2008. Sam Merhbod, CEO of Roomvu and Ph.D. researchers at UBC, said that this increase, though staggering, seems to correlate with Vancouver’s every-hot housing market. “Cities like Vancouver, where housing is expensive, have a higher number of realtors than cities like Halifax, for example,” explained Sam

Merhrbod, CEO of Roomvu, and a realtor in the Greater Vancouver Area. “As home prices go up, so does the financial incentive to take advantage of higher commission prices.” However, despite the dramatic increase, the years 2018 and 2019 (so far) we have actually seen a decrease in the number of agents for the first time since 2008 and only the second and third time this century. The entire article based on

the research, for your publishing consideration, can be found here: The Number of Realtors Declined in 2018 for the first time since 2008. Sam Merhbod and his team are available for interviews to add further insight to these and many other Vancouver housing-market trends. In Roomvu’s subsequent article, we found that in Ottawa there is 1 realtor for every 496 citizens, whereas, in Langley, there is 1 for every 6.

Should You “High Ball” Your Listing Price? Manufacturers Of Quality Cabinetry “Celebrating 30 years in Business” Sohan Singh Bhogal

Single Family Homes Multi Family Projects Hi-rise Apartments

Ph: (604) 597-0364 • Fax: (604) 597-2638

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One of the most important decisions you make when selling your home is setting the listing price. It can be tricky. After all, if you price your property too low, you leave money on the table - perhaps thousands of dollars. On the other hand, if you price your home too high, many buyers won’t even bother to view it because they believe it is too expensive. Even with that reality, there are some sellers who contem-

plate setting a high listing price in the hopes of a windfall. They want some unsuspecting buyer to fall in love with the home and buy it - even though it’s overpriced.

That rarely, if ever, happens. Instead, the listing often languishes on the market because its listing price is conspicuously much higher than its market value. Think about it. If two similar homes, side-by-side, are for sale, and one is priced $40,000 higher than the other, wouldn’t you wonder what was going

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Sales and Marketing by Townline Marketing Inc. & Rennie and Associates. Prices are subject to change without notice. All homes under $599,900 until November 30, 2019. Includes tower condominium homes only. The developer reserves the right to make changes and modifications to the information contained herein without prior notice. Artist’s renderings are representations only and may not be accurate. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&O.E.


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Saturday, Oct. 05, 2019

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Traditions Begin at Home Bake cookies together, help with homework, plant your own kitchen garden and watch it grow — create new traditions at Townsend by Polygon. Enjoy the convenience of great commuter routes, the YMCA and more than 30 vibrant shops, restaurants and grocery stores all just down the block. Life at Townsend means you can spend more time on the things that matter.

Three and four bedroom townhomes with move-ins this year PRICED FROM $589,900 15111 Edmund Drive, Surrey Open noon to 6 pm daily (except Fridays) 604.239.3382 | townsend@polyhomes.com

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RESIDENTIAL, COMMERCIAL & PRIVATE MORTGAGES

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ALPHA MORTGAGE HOUSE CORPORATION

#202-12830, 80th Ave. (York Business Centre) Surrey Tel: 604-501-9837 Fax: 604-501-9847 amhc@shawbiz.ca

muPq sl`h mSvry leI huxy Pon kro *Lender/Broker Fee may apply but not without prior written consent of the client

GURHIMAT S. GILL

604.825.4880

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SUKHKARAN S. BHATTY

604.765.4023


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on? That’s exactly what the market thinks. “Why is that home priced so high?â€? Of course, many buyers, who might otherwise be interested in the property, won’t even consider seeing it, simply because it’s outside their price range. It gets worse. When an overpriced home sits on the market with no offers for several weeks, the price will often need to be adjusted down. That helps the situation a little. However, you’ve lost the excitement created by a “new listing.â€? Yours is now an old listing struggling to get attention. There’s a better way‌ Set your list price at or near the market value and it will be much more likely to generate interest from qualified buyers and maximize how much you make on your home. That market value may even be higher than you think! Interested in finding out what that value is in today’s market? Call today. 4 Home Hazards You May Not Know About You have smoke detectors. Your doors have good locks. The bathtub has a slip-free pad. By all accounts, your home is a safe and secure place for your family to live. However, there are some hazards that many homeowners don’t consider or even know about. For instance: 1. Blocked eavestroughs. Eavestroughs clogged with leaves and other debris can cause rainwater to overflow next to your foundation and create a leak.

2. Clogged dryer vents. High temperature air combined with lint is an ideal condition for a fire. Check and clear the dryer vent at least once a year. 3. Dirty faucet heads. Kitchen and bath faucets often have built-in screens to spray the water evenly. Unfortunately, dirt and other contaminates can build up on these and possibly affect the quality of the water. Clean faucet heads regularly. 4. Tripping hazards. You could step around a loose section of carpet for years and then one day, in a moment of distraction, trip over it and fall. When you see a potential tripping hazard in your home, don’t ignore it. Fix it. Being diligent about home safety takes a little bit of time. But, if it prevents one injury or illness, it’s worth the effort. Can New Kitchen Appliances Increase the Value of Your Home? Next to a major kitchen renovation, replacing appliances is the most expensive way to upgrade the space. So, if you’re purchasing a new refrigerator,

stove or dishwasher in order to make your home more attractive to buyers, you want to make wise purchasing decisions. The most important consideration is how the appliances will look in the kitchen. Ideally, they should match in colour and style. They should also be the right size for the space. The last thing you want is a fridge that’s so large it dominates the room, or a stove that’s a completely different style and looks out-of-place. Appearance is important, but so are the features. Buyers viewing your home will scrutinize the appliances. They’ll notice if the fridge has a cold water and ice dispenser. They’ll ask if the dishwasher has noise-reduction features. Double ovens and quick-heating burners (which are now available on electric stoves) will also get a buyer’s attention. Power consumption is also a big issue these days. Increasingly, buyers are interested in the energy efficient features of a home - appliances included. Kitchen appliances may seem minor compared to the overall appeal of your property, but they do make a difference. Purchase wisely!


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