April 2019 Foreclosures
  
APRIL 2019 Abbotsford Foreclosure Attached
APRIL 2019 Burnaby Foreclosure Attached
APRIL 2019 Burnaby Foreclosure Detached
APRIL 2019 Langley Foreclosure Attached
APRIL 2019 Chilliwack Foreclosure Detached
APRIL 2019 Langley Foreclosure Detached
APRIL 2019 Mission Foreclosure Detached
APRIL 2019 New Westminster Foreclosure Detached
APRIL 2019 North Vancouver Foreclosure Detached
APRIL 2019 New Westminster Foreclosure Attached
APRIL 2019 Surrey Foreclosure Attached
APRIL 2019 Surrey Foreclosure Detached
APRIL 2019 West Vancouver Foreclosure Attached
APRIL 2019 Tri City Foreclosure Attached
APRIL 2019 Tri City Foreclosure Detached
APRIL 2019 Vancouver Foreclosure Detached
APRIL 2019 West Vancouver Foreclosure Detached
APRIL 2019 Vancouver Foreclosure Attached
Will House prices bottom out this year?
Will House prices bottom out this year?
Housing industry leaders say Metro Vancouverites can expect to see single-family home prices continue to fall this year along with some softening in the prices of new multi-family homes. But if you are counting on the housing market to be hit by a true recession, you may end up waiting a long, long time.
Refinance Low, Buy Low
Most people sell their small property and upgrade into a larger property. When they do this, they are selling high and buying high or they are selling low and buying low.
Since the market has dropped since that crazy peak we saw a couple years ago, a better solution could be to refinance your current property, keep it and rent it out, then purchase another property at current market lows.
For example, if your condo is worth $500k and you have a $200k mortgage on it, you could pull out $200k in equity. This $200k in equity can then be used to purchase up to a $1.0 million dollar home. It may be easier than you think when everything is structured properly!
You're not forced to sell your condo and you get to upgrade into a bigger home.
This also works for purchasing rentals.
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