Larry Rahn Vancouver's Downtown Realtor

10/23/2023

https://youtu.be/ShzltRG_0Nw?si=2EuuTVWlk0-exF6h

09/15/2023

Attention Landlords, 2 weeks left to give your terrific tenants notice for small increase in 2024, don't forget 3.5% won't keep up with inflation but every little bit helps. Check out our Professional Property Management services, and relax while we take care of all the details with your Rental property investments.

08/11/2023

I predicted that rents would sky rocket three years ago when government intervention prevented landlords from raising rents to keep up with inflation. Now landlords have no choice but to increase rents drastically between tenancies to protect them for the next few years.

Someone, please think of the millennials 😭

06/08/2023

What's going on in the Vancouver market? Think it's slow due to rising interest rates?? Here is a Snapshot --- There have been 62 sales of homes on the Westside of Vancouver over the past 30 days, that is one house every 12 hours on Average. Prices range from $2,198,000 all the way up to $16,630,000. Of the 62 sales - 30 Properties SOLD FOR OVER ASKING! Vancouver is one of the very best cities in the world to live and will continue to be, even on the rainy days...

02/03/2023

Do you own rental property? Are you charging enough rent to keep up with rising inflation? See how you compare to these stats...and don't forget my Rental property management services. Helping to provide clients with maximum revenue potential.

01/25/2023

Just like we thought -- Interest rates increase by 0.25% in today’s first rate announcement of 2023. Bringing the new Prime Rate to 6.7%.

Each 25bps (0.25%) increase in the prime rate on a $100,000 mortgage balance equals +$14 per month in a mortgage payment. Meaning, since March 2022, mortgage payments have increased $238 per $100k borrowed.

01/25/2023

Fantastic new listing in Burnaby Park, 3 bedrooms, views, 2 parking, and Air Conditioning!

Browse Larry Rahn's listings in Vancouver, BC. Buy, sell, invest with confidence.

12/29/2022

Here comes more Red Tape for 2023, Minister of Housing and Diversity and Inclusion, new Prohibition on the Purchase of Residential Property by Non-Canadians Act, which comes into force within days.

The act will ban foreign investors from buying non-recreational residential property in Canada. The act will come into effect on January 1, 2023, for a period of two years.

In a time when Canada is increasing immigration, I do not see how not letting anyone make a purchase when they get here is going to help.

12/16/2022

This recent sale on the Westside of Vancouver tells the story, a $655,000 actual sale price lower than their original listing price. This is over a 16% reduction. Now is the best time to upsize your real estate.

11/29/2022

What do you think, is it just more politics? B.C. has announced new legislation to help address the ongoing housing affordability crisis. This includes taking immediate steps to abolish rental restrictions many stratas have in place.

New Premier David Eby says the Housing Supply Act, which, if passed, is expected to help increase housing supply by “working with municipalities with the greatest need and highest projected growth to establish housing targets.”

“We are seeing a remarkable thing here in British Columbia, which is that people are coming to this province in record numbers. We had more than 100,000 people move to B.C. last year, and our housing supply is not keeping up,” Eby said Monday.

Sounds good but why do this?

"As the federal government outlines a two-year ban on foreign home buyers, a leading expert feels it misses lessons from other countries which have initiated similar restrictions."

Just get out of the way and let builders build and improve the supply side of the equation. What do you think?

11/23/2022

Just listed! - Squamish 1 Bedroom with huge flex room for your bikes, skis, and snow boards. Come live the outdoor lifestyle.

Browse Larry Rahn's listings in Vancouver, BC. Buy, sell, invest with confidence.