Courtesy of Jesse MacIver

April 2025 Newsletter

Sellers With our Spring Market in full swing, the market is active… But not quite as busy as some might expect. That said, it’s still moving faster than we’ve seen in past economic slowdowns. With the Federal Election happening this month, it’s no surprise that real estate activity has taken a bit of a pause. Historically, elections bring some hesitation to the market, and this one is no exception. And let’s be honest—between all the political signs out there, it’s hard for a “For Sale” sign to stand out like it usually does! Still, well-presented, well-priced homes are selling—and in some cases, within the fi rst week of hitting the market. So, what are buyers looking for right now? That depends—and that’s where strategy comes in. When we meet to list your home, we’ll tailor a marketing plan highlighting your home’s strengths and positioning it ahead of the competition. With promises of market improvements from would-be elected of fi cials, many buyers are hitting pause, waiting to see what policies might come into play. But smart sellers know that this kind of timing can create the perfect window to stand out. If you're thinking of selling or just want to chat about what’s happening in your area, let’s connect. I’m always here to help you navigate the market clearly and con fi dently. Buyers If there was a time where choice was abundant and interest rates were more manageable… Now is that time. We’re seeing a noticeable increase in inventory, with families and investors listing their homes for various reasons. That means more opportunities for you, especially if you’re ready to move quickly. Many of the homes needing a bit of TLC are selling below market value, which could be a great chance to get into the market or invest wisely. Preparation is key to taking advantage of this current market; having your paperwork ready and a solid handle on your budget can make all the difference. IF you need help fi nding your next home or someone to get the fi rst steps going… I’m here to help. First-Time Buyers As a fi rst-time home buyer in the Lower Mainland, getting into the market might feel overwhelming, but there are realistic opportunities currently out there—especially if you’re prepared. With some planning, you can take advantage of helpful programs like the First Time Home Buyers’ Program, which can reduce or eliminate the property transfer tax, and the First Home Savings Account (FHSA), allowing you to save tax-free. In today’s market, we're seeing more listings and less competition compared to recent years, which means more breathing room to fi nd the right fi t. If you’re thinking about buying but unsure where to start, I’d be happy to help guide you. January 2024 Newsletter Sellers Oh wow, as a seller, in the current market, things are slower. But if 2023’s surge during January is replicated this year, we should see sales increase but for a few important reasons to be explained. Selling has a few key factors many sellers are seeing. The fi rst important factor to know is interest rates are decreasing and thus buyer’s con fi dence is increasing and are out shopping. The second factor is when year-end occurs, many people know what they can expect fi nancially, thus they are likely to spend the money before the government issues the return. If you’re considering selling… Don’t look at your BC Assessment as the data provided to you is nearly half a year old and of no bearing in the market are currently in. Simply ask and I’m happy to share where your current value is. Buyers Shopping without knowing your budget will only disappoint you. Sadly, this story plays out very often. Then I acquire a new client who blames someone who didn’t set the expectations. I’m happy to guide you and provide you with some help connecting with someone to hone in on your budget. Knowing what fees and cost as well as how much your budget can be is key and uber-important. Not to mention a strategic tool in the negotiation process. One thing to know is that as rates begin to fall… Having a partner continuously looking for a better rate until the transaction completes is crucial and a saving grace to keeping some pizza money in your pocket. We are seeing rates decreasing and if you can save a few dollars a payment… You can continue to live a little more fl exibly and under less pressure. Side-Note… I don’t know anyone who has ever used the First-Time Home Buyer’s Account or a First Home Savings Account when they fi nance their home. Hmmmm. Investors How are strata fees changing and why are they becoming a risk to investors? Are you in a strata? Have a look at your operating budget and Contingency Reserve Fund. New rules go into effect and if you want to know my thoughts, call me as I’m not putting my opinion down on paper.

Jesse M ac Iver (604) 864-1392 jesse.maciver@century21.ca REALTOR® | Personal Real Estate Corporation

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JesseM ac Iver REALTOR® | Personal Real Estate Corporation (604) 864-1392 jesse.maciver@century21.ca