Real Estate Market Update: What Is In A Failed Listing?

I recently was going through some previous blog posts and came across a blog I wrote back in November of 2013 on failed listings. In the fall of 2013, the failed listings were still on the decline, which was good; the less failed listings the stronger the market is. Have a read through the 2013 blog and look at the current graph of failed listings. The market continues to show its strength despite the many influencers (interest rate hikes, mortgage rule changes, government tax policy, and unaffordability talk) that … [Read more...]

Real Estate Market Update: Jealousy Tax

I was recently at a real estate event where a CPA (Chartered Professional Accountant) was sharing the impact of the new Federal and Provincial taxes on ownership of real estate, investing in real estate, and passive income from the ownership of real estate. The presenter asked if anyone liked paying taxes, so I shot up my arm and nodded yes. My reasoning? If I am paying taxes, I must be making average or better than average income. This is not a new concept for me. When I began my real estate career and investing … [Read more...]

Real Estate Market Update: Investor Or Speculator

  Are you an investor or speculator? Both are professions open to all. Both require no formal education, credentials, or licenses. And both draw quick assumptions in one’s mind. An investor is seen as an individual that has done significant risk and financial due diligence before entering into a deal, while a speculator carries a stigma. The stigma of an irresponsible risk taker, an opportunist, or an individual who is dangerous to the marketplace. For me, a simple but useful way to think of the … [Read more...]

Real Estate Market Update: Back to the Future

What would it be like if we were able to turn back time? To take all the knowledge we have today and go back to the future as if we were Marty McFly from the blockbuster movie Back to the Future. I can certainly think of several things I would do differently; decisions, choices, and actions that I made, especially in my younger years. When it comes to real estate, there would be properties that I would have bought and properties that I would have never sold. We all have those would-have, could-have, should-have … [Read more...]

Real Estate Market Update: Roosters & Mother Nature

I just returned from a wonderful family vacation on the Hawaiian island of Kauai. We explored the entire island by car, foot, boat, and helicopter. What an amazing and beautiful place! Kauai is so stunning that Hollywood has filmed some of the biggest blockbuster movies here on the island: Jurassic Park, Pirates of the Caribbean: On Stranger Tides, Raiders of the Lost Ark, 6 Days/7 Nights, Soul Surfer, The Descendants, and many more. The locals love to share where these movies were filmed, as well as which actors … [Read more...]

The Eximus BIG BUCK Giveaway!

  In the spirit of the Christmas season,  Jeremy Loewen and Randy Dyck at The Eximus Real Estate team want to give back to our community! During this time of gift giving, we rarely have the opportunity to give the gift that could change a life. The Eximus Real Estate Team would like to do something new this year and we want you to join us in being a part of something big! We would like to invite you to make a charitable contribution to your favourite cause! The Eximus Real Estate Team would then like to … [Read more...]

Real Estate Market Update: Silver Splitters & Renters

Unaffordable housing, old age social security, silver splitters, RRSP’s, and long-term tenants are and will continue to be, commonplace in the ultra-expensive Vancouver and Lower Mainland real estate market. These are the key ingredients to creating a wonderful portfolio of investment properties over the next decade. The unaffordability of housing is a constant headline. At times, the noise and media attention diminish but for as long as I have been selling real estate, which has been 25 years, the drum of … [Read more...]

Real Estate Market Update: Natural Disaster – Fire Sale

  Fire sales, blowout sales, and door crashers are a few sales slogans that marketers use to get the attention of the consumer. However, these terms have been prevalent in the world of real estate over the last number of months too. Not for the hot real estate market we read and hear about, but rather because of the devastation of properties and homes. The fires in the wine regions of Napa Valley, Sonoma Valley, and even here in the interior of BC, have been devastating and will have a huge impact on … [Read more...]

Real Estate Market Update: The Medieval Investor

Carcassonne, a medieval town dating back to 200 B.C., was discovered by the Roman army due to its rocky hilltop that offered the perfect strategical observation and defensive positions. The Romans began to build a fortified city on the hill and over the next 2000 years, it evolved into the impressive walled city of Carcassonne. It was Phillip the Bold, son of St. Louis, that developed Carcassonne into an impenetrable city in the late 1200s. The fortification was strong with its two lines of defense, or two walls, … [Read more...]

Real Estate Market Update: Jet Setters, Direct Flights, and Real Estate

The wealthy jet setters think nothing of jumping on a plane and flying to another continent to dine at a Michelin three-star restaurant or to have a well-known, highly sought-after tattoo artist ink-up an arm. You often see these people when traveling through the larger international airports or when you are making your way through the first-class cabin as you head for your coach seat. These people—the jet setters—have tons of money, as well as a lifestyle and schedule that allow them to jet around the world. … [Read more...]