Luis Ayala Real Estate Newsletter - Edition 54 - Summer 2019 Edition

Luis Ayala - PREC* - Investment Real Estate Specialist

Metro Edge Realty

luis@luisayala.ca
604-551-4418
http://www.luisayala.ca/

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Summer Foreclosures / Court Ordered Sales 2019

 

Summer 2019 - Delta Detached
Summer 2019 - Langley Detached
Summer 2019 - Abbotsford Detached
Summer 2019 - White Rock Detached
Summer 2019 - Mission Detached
Summer 2019 - Surrey Detached
Summer 2019 - White Rock Attached
Summer 2019 - West Vancouver Attached
Summer 2019 - Richmond Attached
Summer 2019 - North Vancouver Attached
Summer 2019 - New Westminster Attached
Summer 2019 - Surrey Attached
Summer 2019 - Maple Ridge Attached
Summer 2019 - Port Coquitlam Attached
Summer 2019 - Langley Attached
Summer 2019 - Vancouver Attached
Summer 2019 - Abbotsford Attached
Summer 2019 - Burnaby Attached
Summer 2019 - Coquitlam Attached
Summer 2019 - Delta Attached
Summer 2019 - Vancouver Detached
Summer 2019 - Richmond Detached
Summer 2019 - North Vancouver Detached
Summer 2019 - New Westminster Detached
Summer 2019 - Port Coquitlam Detached
Summer 2019 - Burnaby Detached
Summer 2019 - Maple Ridge Detached
Summer 2019 - Sunshine Coast Detached
Summer 2019 - Tsawwassen Detached

Check out this summers foreclosure lists. Not as many as you would expect given the current conditions which shows the resiliency of the market, i guess time will tell. Contact me with any questions. 



Multi-family Opportunities still in High Demand

 

As you can see, there's much higher chance to be able to find a property that can self-debt service.  Meaning the apartment itself can finance for the maximum amount possible.

As CAP rates (net income divided purchase price) increases above 6%, it will be snatched up by investors.

Good article to read at https://www.westerninvestor.com/news/multi-family/cap-rates-for-multi-family-rentals-are-lowest-of-all-cre-sectors-1.23925194



10 Tips for Successful Home Staging

 

Putting your home on the market can be both exciting and stress-inducing. The possibilities of what the future holds can be overshadowed by the pressure to get your home ready to show - in other words, immaculate and open to the critique of strangers.

The good news is there are some simple things you can do to stage your home to have a big impact on how it presents. Here’s a look at 10 of them.

Read the article here



Booming Business busting Illegal Airbnb rentals

 

Interesting article about a company making a business out of exposing illegal airbnb rentals. I wonder if any local strata buildings could use some of this help. 

https://www.thestar.com/business/2019/09/02/business-is-booming-for-company-that-locates-airbnb-rentals.html



Summer of family, golfing & Deals

 

this summer was great, spent lots of time with my family enjoying some weddings, beach parties and more. I Love / Hate but mostly love Golf, played a lot over the summer "perfecting" the swing. Despite all this fun it was still a busy market, through hard work i was able to sell not 1 but 2! luxury new homes in Richmond over 3.5 Million among other listings. 

This market is opportunistic, make sure to do lots and lots of Research to know the current and future trends when it comes to Investing in Real Estate OR just call me and i can take care of you :) 



Real Estate Today: Buy High & Sell Low?

 

Looks like its finally affecting the condo prices in Vancouver. This one was listed for $599K and sold for $109K under listing price.

https://bc.ctvnews.ca/condo-listed-for-599k-sells-for-490k-as-prices-droop-in-vancouver-1.4569615 

This is an example of a market balancing itself out.  Perhaps it's time to look at opportunities like vultures.  Real estate cycles go up and down every 8-10 years.  We're starting to see buying opportunities.

Home prices across Canada are on a steady decline as you can see from Zoocasa inforgraphics.  You can read more of it here: https://www.zoocasa.com/blog/crea-july-2019/

There is great buying opportunities very shortly.  In certain places like Calgary though, it is now a seller's market there instead of a buyers market.

This opportunity won't last folks. 



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