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Why is the Demand for Vancouver Real Estate Outpacing the Supply?

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Vancouver has been recognized as the most expensive city in Canada for years, only occasionally fighting with Toronto for the title.  Many aren’t letting this price tag scare them: yet when they arrive in the city, they still have trouble finding a home they can purchase.

These are some of the reasons the demand for Vancouver real estate is so high: and what is expected to happen over the next few years.

Vancouver’s Tech Industry Is Constantly Growing

Vancouver’s tech industry has a strong pull on people who want to work in a field that offers a large payout.  This city has countless tech start-ups, film companies, and other jobs available at all times, which offers competitive enough pay that people move out to get hired.

This increase in people moving to the city for work has boosted property costs and limited how many properties are available since the 1980s.

Regional Sales Are Up 20% Since Pandemic Start.

As COVID-19 began to hit Canada, many people realized the importance of owning property over renting.

Because of this, demand for Vancouver homes for sale became an avalanche of people buying as quickly as they could, regardless of the price.  This frenzy has slowed down to a more familiar pace: but it’s still higher than the average was in the decade before/

Vancouver Real Estate is Often Overvalued

Vancouver real estate is often overvalued, so more people are either holding onto their property to see how high the prices can go or can’t afford to start a new building project.  

Because of this, there’s a lot of people who are trying desperately to buy or get a house, who can’t because the property’s being held or is valued at such a steep price that anything under that gets grabbed almost immediately.

There Was a Construction Shortage in 2020-2021

Due to COVID-19, there was a large shortage in not only physical labor but in goods needed for construction.  This led to fewer homes being built and more periodic renovations being completed.

Those who bought houses to flip them couldn’t complete that work until the midpoint of 2021, and homes that would have been built in these years are only now being constructed or starting.  This has led to far fewer new homes becoming available than in previous years.

Is It Worth Investing in Anymore?

Many aren’t sure if it’s still worth investing in property in Vancouver, and with any investment, the real question is how much you can afford to let go of.

This city is high-risk, especially with how expensive the properties are, so although there’s a lot to gain, there’s no guarantee it’ll look this intense forever.  For now, though, property prices continue to rise, and there’s no stop in sight.

Vancouver Real Estate Isn’t Slowing Down Any Time Soon.

Vancouver real estate has shown a clear growth pattern, and there’s no sign of it slowing any time soon.  Whether you’re interested in investing, or you were cautious about buying in case a buying bubble bursts: right now, it looks like prices are going to keep rising.

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Home Improvement

Revealed: What are the Best Housewarming Gifts?

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What are the Best Housewarming Gifts?

Buying and moving into a new home, especially if it is your first, can be one of life’s biggest milestones. If you have a family member or friend who has recently done so, a nice gesture is to buy them a housewarming present.

When moving into a new home, there is so much to remember. You will often realise there are things you have forgotten or are bound to need to buy new things to fill your new home. Housewarming gifts can therefore be a great help for those who have just moved in and are a nice gesture to show you are thinking of them.

It is often best to ask if there is anything your friends/family want from a housewarming gift as you may risk buying something they already have, and there can be specific items that they might need.

Alternatively, you may want to surprise them with a thoughtful gift. In this article, we walk through our top housewarming gifts to help welcome your friends or family into their new home.

Crockery and Glassware

This is bound to be a successful gift as you can never have too much crockery or glassware! Plates, bowls and glasses are often the subject of accidental damage so it’s always good to have a decent supply.

If you know your recipient likes a certain type of dish or drink, you could get them crockery or glassware based around this, such as some aesthetic wine glasses if you know they are into wine.

House Plants

If you know your new home mover has a green-thumb and is fond of the outdoors, a house plant is a great gift idea. A solid option is a Peace Lily, which has become a favourite houseplant, with its large leaves, distinctive white flowers and air cleansing capabilities.

A great, unique alternative is to get them a houseplant subscription. Bloombox is a subscription service which will send your recipient a handpicked plant and ceramic pot to their door every month!

Airfryer

Airfryers have shot up in popularity in recent years with their ability to cook rapidly and with great results! They are great alternatives to traditional frying and will help you cut down on oil, still guaranteeing a crispy finish to foods such as chips and chicken.

If you know your receiver is not the biggest fan of cooking, this is a great present to help them take the time and stress out of cooking.

Smart home system

A home assistant such as Amazon’s Echo or Google’s Nest will vastly improve your recipient’s new home, granting them the ability to play music, ask questions and even turn home functions such as lights on and off with the power of their voice.

Practical yet fun, this gift will make their lives simpler and help them stay organised.

Slow cooker

In essence the opposite of an airfryer, a slow cooker allows you to put all your ingredients in at the start of the day and have a lovely slow cooked meal ready by the time you get home from a long day.

A slower cooker requires minimal effort but rewards you with delicious meals that will save you time and effort; ideal for anyone with a busy schedule or who wants to take the hassle out of cooking.

Scented candles

Providing both a homely feel and enticing scent, scented candles are a safe option for anyone who has recently moved home.

There are a range of candles on the market with a popular brand being Yankee Candle who provide a range of scents in different sizes. 

This article was written by a quick house sale company We Buy Any Home. If you’re wondering “how can sell my house fast”, head to the We Buy Any House website for more information relating to all property related enquiries.

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Home Improvement

Effective Techniques To Pest Proof Your Kitchen

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The Top 5 Benefits Of Kitchen Remodeling

The sight of a pest in your kitchen is enough to send a shiver up your spine. It’s a common reaction, partly because something else is in your home and partly because pests can carry a wide array of diseases. If they are in your kitchen it’s hard to know if they have contaminated your food or not.

Of course, if you see one pest there are likely to be many more. In general, they try to avoid humans. The best approach is to click here and get some professional help. This will ensure all the pests, including nests, are eliminated.

You should also do the following to ensure your kitchen is pest-proof.

Clean

Pests are attracted to warmth, food, and water. You may think your kitchen is clean. But, in reality, any crumbs on worktops or on floors will attract pests. You need to start by emptying all your cupboards and wiping all the shelves down with warm water and disinfectant.

Alongside this, you should disinfect the countertops and make sure there is no food debris left anywhere.

Once you’ve done this vacuum the floor. It’s a good idea to wipe the sides down after you prepare food and vacuum at least once a day. If there is no food then the pests will go elsewhere.

Put Your Food Away

As part of emptying your cupboards, you should invest in some sealed containers. You can then place all open packets of food into them and this will keep them safe from pests. They won’t be able to smell them and they won’t be able to get to them.

Lift Water Bowls

If you have pets then you probably leave water out for them to drink. Unfortunately, this can attract an array of pests. You need to remove the water bowl and only put water down when the pets need a drink.

Seal Gaps

It’s worth spending a moment thinking about how pests can get in. They can squeeze under doors and through cracks in the walls. You’ll want to check all your walls, inside and out, to make sure there are no gaps or cracks. If there are, seal them up, this will deny the pests access.

You can fit under door brushes to stop pests from getting under any door with a gap.

Get Rid Of Your Rubbish

Pests can be just as attracted to your rubbish as they are to your food. To prevent this make sure you use a sealed bin inside your home. This prevents them from accessing food waste. When you empty it, seal the sack and place it in an outside bin with a lid. Again, this makes it less attractive to pests.

Annual Inspections

You don’t need to wait for an infestation to talk to your local pest control. You can and should have them visit once a year to inspect your home. They will spot any sign of a pest infestation and can help you eliminate the issue. At the same time, they can provide additional tips on preventing pests from entering your home or kitchen.

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Home Improvement

How to Modernize Your Home Exterior

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Do not judge a book by its cover! Valid as this may sound, it only applies to some cases. In this instance, a house, the exterior of your home matters a lot. Whether you’re looking to sell it or not, it tells a story about the people who live in it, so keeping your home’s exterior neat and appealing is essential.

Why is Exterior Remodelling Important?

Wear and tear affect many things, including the exterior of a home. Most houses usually have a paint finish. In this case, you will notice that the color of the paint initially used would start to fade after a couple of years. Depending on the climate and paint quality, it might even completely wash off. Usually, a few years after completion, a home’s exterior may diminish, depending on what type of finishing such house has.

This situation is not entirely preventable. But you can surely do something to restore the beauty of your home. We’ll list some beneficial and practical tips to give your home that modern exterior finish it deserves and make it a pleasing sight.

Top Tips to Modernize Home Exterior

While some people prefer the minimalist approach, a whole lot of others would rather opt for a more elegant option, like a facade design. There are other alternatives to modernize your home.

Here are our top picks to make your home exterior look modern and exquisite.

  1. Change the exterior proportions: You can achieve this by extending your house upwards or outwards. It would give a more balanced and better symmetry.
  2. Changing the exterior finishing: Painting, boarding, rendering, and cladding are among the lists of options you can choose from in this case. The final decision will be yours, of course, but be assured that CGS Facade will give you professional advice based on what is best for your home.
  3. Changing the roof: While this applies to any building, it is especially true in the cases of bungalows. A complete change or even just a simple replacement of the existing tiles on the roof can give a new look and feel.
  4. Replace doors and windows: One easily noticeable element in a home is the doors and windows. Giving this a new face lift would make a difference in the overall look of the exterior.
  5. Add an extension or porch: If you have space, you can create a porch to add to the home’s beauty. It certainly gives a plus to the exterior finishing of your home.
  6. Update your garden: Gardens are lovely if properly kept. It can spruce up your home if you don’t already have it.

The list goes on and on. Driveways, lightning, and stone columns are great additions to your home’s exterior look. Remember, though, that you must consider state laws when adding to your home. Also, enlisting the services of a professional like CGS Facade will help you get the work done faster and more efficiently.

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