{"id":1196,"date":"2025-04-08T09:47:41","date_gmt":"2025-04-08T13:47:41","guid":{"rendered":"https:\/\/www.exponentialrealty.ca\/blog\/?p=1196"},"modified":"2025-04-08T09:47:41","modified_gmt":"2025-04-08T13:47:41","slug":"april-2025-real-estate-stats-comments","status":"publish","type":"post","link":"https:\/\/www.exponentialrealty.ca\/blog\/april-2025-real-estate-stats-comments\/","title":{"rendered":"April 2025 Real Estate stats\/comments"},"content":{"rendered":"<p><a href=\"https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1197\" src=\"https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-1024x1024.png\" alt=\"\" width=\"770\" height=\"770\" srcset=\"https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-1024x1024.png 1024w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-300x300.png 300w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-150x150.png 150w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-768x768.png 768w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-1536x1536.png 1536w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-2048x2048.png 2048w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-420x420.png 420w, https:\/\/www.exponentialrealty.ca\/blog\/wp-content\/uploads\/2025\/04\/March-2025-Stats-2-240x240.png 240w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/a><\/p>\n<p><strong>Monthly Market Snapshot &amp; Detached Home Buying Tips<\/strong><br \/>\nSpring is in the air\u2014but the market hasn\u2019t quite bloomed yet. Activity remains relatively quiet overall, but we\u2019re noticing more movement in the lower price points across all property types:<\/p>\n<ul>\n<li>Condos under $800K<\/li>\n<li>Detached homes under $2M<\/li>\n<li>Townhomes around the $1M mark<\/li>\n<\/ul>\n<p>Among these, lower-priced townhomes are especially competitive, often seeing multiple showings and offers within the first week. While many buyers are still watching from the sidelines, each interest rate drop sparks renewed curiosity\u2014\u201cIs now the time to make a move?\u201d The next month or two will likely bring more clarity.<\/p>\n<hr \/>\n<p><b>Exponential\u2019s Checklist for a Bullet-Proof Detached Home Purchase<\/b><br \/>\nDetached homes offer space, privacy, and long-term potential\u2014but buying one is a lot more complex than purchasing a strata property. There are far more layers to consider, and we can only touch on a few key points here. As always, we\u2019re here to help buyers make smart, informed decisions.<\/p>\n<p><strong>1. Zoning Matters More Than Ever<\/strong><br \/>\nWith new multiplex zoning changes rolling out in Vancouver, Burnaby, and Surrey, understanding a property&#8217;s zoning is more important than ever. Can a laneway home or multiplex be built in the future? It\u2019s not just about zoning itself\u2014setback and frontage requirements also affect whether certain builds are even possible. Zoning impacts what you can do with the property\u2014and its long-term resale value.<\/p>\n<p><strong>2. Is This an Investment or Your Forever Home?<\/strong><br \/>\nThis one question changes everything:<br \/>\nFor investment properties, it\u2019s about rental income and appreciation. Even modest rents today may be worth it in areas with growth potential.<br \/>\nFor principal residences, we focus more on community feel, schools, commute, and lifestyle.<\/p>\n<p><strong>3. Always Review the Title<\/strong><br \/>\nA title tells you a lot more than you might expect\u2014it\u2019s not just about ownership. It can reveal:<br \/>\n\u2022 Existing mortgages or liens<br \/>\n\u2022 Pending applications with the city (subdivision, permits, etc.)<br \/>\n\u2022 Easements, covenants, or rights of way<br \/>\n\u2022 Ongoing litigation involving the property<\/p>\n<p>These details can impact how the property is used\u2014or whether it\u2019s even worth pursuing. We always try to dig out as much as we can before the purchase, so there are fewer surprises and more clarity from the start.<\/p>\n<p><strong>4. Does the Home Have (or Allow) a Secondary Suite?<\/strong><br \/>\nWhether it\u2019s for rental income, multi-generational living, or resale appeal, a suite-ready home\u2014or one with rough-ins\u2014offers added versatility and long-term value.<\/p>\n<p><strong>5. Are You Open to Renovations?<\/strong><br \/>\nRenovation costs are up, so many buyers lean toward move-in-ready homes. But if you\u2019re open to cosmetic updates (paint, floors, countertops), you might find a solid home with good bones and less competition.<\/p>\n<p><strong>6. What About Oil Tanks?<\/strong><br \/>\nOlder homes\u2014especially pre-1970s\u2014may have underground oil tanks. These are expensive to remove and can complicate insurance or financing. Rule this out early to avoid surprises. Not to worry\u2014when in doubt, an oil tank scan will do. This is one more thing we do to avoid future surprises.<\/p>\n<hr \/>\n<p><strong>Looking Ahead<\/strong><br \/>\nDetached home purchases can feel overwhelming compared to strata\u2014but that\u2019s exactly where our team comes in. Whether you&#8217;re looking now or just gathering information, we\u2019re always happy to help you plan and move forward with confidence.<\/p>\n<p>Have questions? Just reply to this email or shoot over a quick text. No pressure\u2014just real advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monthly Market Snapshot &amp; Detached Home Buying Tips Spring is in the air\u2014but the market hasn\u2019t quite bloomed yet. Activity remains relatively quiet overall, but we\u2019re noticing more movement in &hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1196"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=1196"}],"version-history":[{"count":1,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1196\/revisions"}],"predecessor-version":[{"id":1198,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1196\/revisions\/1198"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=1196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=1196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=1196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}