Randy Dyck and The eXimus Real Estate Team Join eXp Realty
Abbotsford, BC, November 13, 2018 — Randy Dyck, top producing realtor and primary agent for the eXimus Real Estate Team, has joined eXp Realty, the largest residential real estate brokerage by geography in North America. Randy and his team of award-winning realtors have dominated the Abbotsford, Langley, and Fraser Valley real estate... [Read More]
Transition: the process or a period of changing from one state or condition to another. This definition is the perfect description of what is happening in the Fraser Valley and Vancouver real estate market today. For some people, transition is seen as something positive, but for others, transition can be seen as negative. What feelings do you experience when you hear the word “transition”? What... [Read More]
Passive income, or cash flow one, is received on a regular basis as a result of an idea, business, or ownership of something. The income is a by-product of work upfront with minimal or no work afterward. This idea of having income or cash flow without even having to lift a finger all while relaxing on a beach with a cold drink in hand, is what motives many of us investors to invest in real estate.... [Read More]
Thank goodness September has arrived! Don't get me wrong, I love summer and all that goes along with it; hot summer days, beach time, grilling, and of course, my favorite water sport kitesurfing (which is much more enjoyable when it is 30 degrees and the water is warm). As wonderful as summer is, September brings back schedules, a refocus on business, and more importantly for me, a renewed... [Read More]
Have you ever been unemployed? My first and only experience of unemployment was when I was 20 years old while working at the Calgary Zoo constructing a primate pavilion. At the time, I believed that my job was super secure; in fact, I had asked my boss a month prior to my layoff about my job security since I was looking to buy a car and get my first car loan. Wow, what a surprise that cool fall... [Read More]
My wife and I just recently returned from a wonderful vacation in Hood River, Portland, and Manzanita, Oregon. While in Hood River and Manzanita, I kitesurfed—both were amazing spots for kiting—and then we spent two days in Portland.
Throughout our stay in the beautiful state of Oregon, we encountered beer, boots, beards, tattoos, and the “keep it weird” slogans.
With well over 225... [Read More]
When rates go up, stuff blows up! Does the real estate market blow up when rates do? It really depends; it depends on supply, demand, the market trend, but mostly it depends on the strength or weakness of the drivers in the marketplace. The drivers are the return on investment, average rents, average income, availability of financing, gross domestic product, real estate values, and real... [Read More]
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... [Read More]
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... [Read More]
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... [Read More]