simonoh.realtor

simonoh.realtor “Turning dreams into keys, one property at a time. Committed to excellence in every transaction.”

02/01/2024

Act fast to get yourself ready to secure the unit!
The hype was real. Expect high demand from all investors and home buyers.

Contact now for VIP pricing and promo.
778.954.7325 Simon Oh

Only 10% deposit, starts from $300’s for studio $400’s for 1 bedroom.

Based on current trajectories and trends, the housing market in British Columbia is expected to see a “strong rebound” i...
02/08/2023

Based on current trajectories and trends, the housing market in British Columbia is expected to see a “strong rebound” in 2024, according to the BC Real Estate Association’s (BCREA) forecast update released today.

But before that rebound happens, the pronounced lull that began in 2022 will continue well into 2023, with the total number of home sales across the province expected to fall by 7.1% to 75,150 units this year. Such home sale volume levels would be higher than what was experienced in 2018 and 2019.

For 2024, BCREA currently expects the total number of home sales will reach 93,025 units, representing a 23.8% year-over-year increase. Average home prices will also see a relatively modest gain of 3.1%.

“However, we expect a strong recovery, boosted by an expected decline in mortgage rates and record high immigration that will carry significant momentum into 2024.”

The federal government’s heightened immigration targets through 2025 will provide a further boost to the housing market’s recovery.

Source: https://dailyhive.com/vancouver/bc-housing-market-forecast-2024-recovery

#2023 #2024 #밴쿠버부동산 #오승민부동산 #사이먼오리얼터

The Bank of Canada has raised its benchmark interest rate again, to 4.5 per cent.The move was widely expected by economi...
01/26/2023

The Bank of Canada has raised its benchmark interest rate again, to 4.5 per cent.

The move was widely expected by economists as the bank tries to wrestle record-high inflation into submission.

It's the eighth time in less than a year that the bank has hiked its trendsetting rate — a move that will make borrowing money more expensive.

But at one quarter of a percentage point, it's also the smallest hike since March, and thus a sign that the bank may be done with hiking rates for the next little while.

Now the big banks prime rates to 6.7 per cent, starting Thursday.

The exact impact will depend on the loan, but in general, Wednesday's hike will add about $15 to a variable rate mortgage payment every month, for every $100,000 worth of debt. That's coming on the heels of the seven previous hikes.

source: CBC news

https://www.cbc.ca/news/business/bank-of-canada-january-rate-decision-1.6725283

#모기지이자율 #8번째인상 #오승민부동산

Happy Lunar New Year! 🧧🎊새해 복 많이 받으시고 2023 계묘년, 행복과 웃음이 넘치는 풍성한 새해가 되시길 바랍니다. #새해복많이받으세요 #계묘년 #新年快乐 #恭喜发财 #身体健康...
01/22/2023

Happy Lunar New Year! 🧧🎊
새해 복 많이 받으시고 2023 계묘년, 행복과 웃음이 넘치는 풍성한 새해가 되시길 바랍니다.

#새해복많이받으세요 #계묘년 #新年快乐 #恭喜发财 #身体健康 #🐰

*December 2022 Greater Vancouver (Metro Vancouver) Housing Market Update*Rising mortgage rates brought uncertainty and c...
01/09/2023

*December 2022 Greater Vancouver (Metro Vancouver) Housing Market Update*

Rising mortgage rates brought uncertainty and caution in 2022

After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes sold in 2020.

Last year’s sales total was 13.4 per cent below the 10-year sales average.

"The headline story in our market in 2022 was all about inflation and the Bank of Canada’s efforts to bring inflation back to target by rapidly raising the policy rate. This is a story we expect to continue to make headlines into 2023, as inflationary pressures remain persistent across Canada,"
Andrew Lis, REBGV Director, economics and data analytics

* Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

- source: rebgv.org

Please contact me for further consultation.

Simon Oh 오승민 Realtor®
📱778 954 7325
📧[email protected]

#12월 #부동산시장보고서 #벤쿠버부동산 #오승민부동산

The new Home Buyer Rescission Period (“HBRP”) is now in force for residential real estate transactions in the province.a...
01/08/2023

The new Home Buyer Rescission Period (“HBRP”) is now in force for residential real estate transactions in the province.

as a consumer protection measure to give home buyers time to consider whether a purchase is right for them. HBRP gives buyers the right to rescind their offer up to three business days after the offer is accepted. If a buyer changes their mind, they must notify the seller in writing before the rescission period expires; and must pay a 0.25% rescission fee to the seller.

The right to rescission cannot be waived by the buyer or the seller. The seller will receive a disclosure of the buyer’s right of rescission when an offer is made. The disclosure may be on a separate form, or included in the Contract of Purchase and Sale.

For more information on how to protect yourself in the Real Estate Business, feel free to contact me.

Simon Oh Real Estate Advisor-
ULIX Real Estate Group, Jovi Realty

#2023 #주택구매자취소기간 #벤쿠버부동산 #오승민부동산

Thank you all for all the priceless support and trust. 2022 been really challenging for me in many different areas and i...
01/01/2023

Thank you all for all the priceless support and trust. 2022 been really challenging for me in many different areas and it was a great experience and opportunities. It was a growing year for me.

Happy new year, everyone!

Wish you all the best in your career, family, love and health.🙏🏼

#새해복많이받으세요 #新年快乐 #오승민부동산

Congratulations to my client who successfully secure a investment unit in West Abbotsford pre-sale! 🎉🎉Through many of zo...
01/01/2023

Congratulations to my client who successfully secure a investment unit in West Abbotsford pre-sale! 🎉🎉

Through many of zoom meetings and phone calls between senior sales manager of the project and successfully secure a unit from the huge competition.

Thank you for the trust and support!

#벤쿠버프리세일 #벤쿠버부동산 #오승민부동산 #분양완료

We wish you a Merry Christmas!🎄✨ #2022 #오승민부동산
12/24/2022

We wish you a Merry Christmas!🎄✨

#2022 #오승민부동산

Congratulations for my clients first home in Surrey! Even though market is slow, we never stopped to hunt for the best d...
12/17/2022

Congratulations for my clients first home in Surrey!

Even though market is slow, we never stopped to hunt for the best deal. Our 4 and a half month home hunting was worth a lot with 100% clients satisfaction.

The "Gruv" is located footsteps to SFU Campus, Central City Mall, K. G. Skytrain station, schools, hospitals, & parks.

Thank you for your trust and support!

#벤쿠버부동산 #오승민부동산

Address

3398 Dunbar Street
Vancouver, BC
V6S2C1

Telephone

+17789547325

Website

http://Instagram.com/simonoh.realtor/

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