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Five Hottest Home-Buying Articles of 2016

What with panic-buying in spring and holding off this fall, it’s been a confusing year for local home buyers. Here are REW.ca's most-read buying stories of the year

By
REW.ca
December 15, 2016






Two local agents sent out the bullish message in August this year that the market was offering the best buying opportunity in two years
In February, our resident real estate investment expert Frank O'Brien identified two great markets to invest in a condo outside of Metro Vancouver
A March editorial, written at the peak of 2016's buying frenzy, advised on whether buyers needed to fear a property price crash, and how to mitigate against that risk
Move-up buyers have an opportunity to capitalize on a weakening detached-home market and a still-strong condo and townhome sector, according to one local agent speaking in November 2016

New taxes, mortgage rule changes, the buying market going from frenzy to freeze... It's enough to put any local home buyer's head in a spin. We at REW.ca have been here every step of the way, as ever, to offer home-buying advice and expert opinion to our readers. It's interesting to note that the most-read stories under that category have been the ones to offer the most optimistic of messages, ranging from measured to positively bullish. Here's this year's countdown...

5. Current Market Offers Great Opportunity to Move-Up Buyers: Local Agent

Eyebrows were raised last month, as one local agent asserted in November that the current market was offering the best opportunity "in several years" for move-up buyers to capitalize on conditions and upsize from a smaller home. Speaking on the Real Estate Therapist radio show on Roundhouse Radio, local REALTOR® Matt Kerr told REW.ca editor and show host Joannah Connolly that a weakening detached home market entering balanced or even buyers’ market conditions in some areas, combined with condos and townhomes remaining in a strong sellers’ market, put move-up buyers at a sudden competitive advantage.

4. Editorial: Is it Foolish to Buy Vancouver Real Estate Right Now?

March this year saw the highest number of home sales ever seen in Greater Vancouver – and with that came a lot of concern (and sensationalist media speculation) about whether a price crash was imminent. This well-read March 3 editorial discussed whether or not would-be buyers should be worried about the so-called “bubble” bursting, and how to protect against the effects of any future price correction.

3. Opinion: Why Now is a Great time to Invest in a Condo

The first of two bullish, investor-targeted articles on this chart by our in-house real estate investment expert Frank O’Brien, this article from our magazine West Coast Condominium explained why he believed sitting on the sidelines is never a good idea – even in September of this year, when this article was published. “Now is the time to summon your inner Warren Buffet,” argues O’Brien.

2. Two Hot Investment Markets Outside of Metro Vancouver

Another condo-investment piece from O’Brien, from February this year as the market was heating up, this one looks outside the Lower Mainland to advise investors on how to capitalize on lower prices to create positive cash flows. The two cities he identifies as hot markets have since done extremely well this year…

1. Now is the Best Time to Buy a Vancouver Home in at Least Two Years: Agents

Our most-read article in the Buying category this year was arguably the most bullish of them all. Two East Vancouver REALTORS®, brothers Adam and Matt Scalena, told the Real Estate Therapist show on Roundhouse Radio 98.3FM that the market was seeing the best time to buy a home in two years – and this in August, just after the introduction of the foreign buyer tax. Uncertainty in the market, with most buyers holding back to see what prices would do, had opened up fresh opportunities for with-subject, below-asking offers, argued the Century 21 agents.


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