Lower Mainland real estate west of the Fraser Valley hit a new money milestone in March — for the first time, the average price for a single detached home hit $1 million. “If you look at our market in the last 12 months, [it's] probably the hottest real estate market in the world,” realtor Paul Eviston told CTV News. According to the B.C. Real Estate Association, there were 1,344 single detached homes sold in greater Vancouver last month, at a total cost of nearly $1.35 billion. “When we look at the price of a single detached home, in March it was the first month ever that we saw that price crest a million dollars,” the association’s Cameron Muir told CTV News.

Click here to read the full news story.  Vancouver real estate hits million-dollar milestone

Copyright Source: CTV.ca

This is amazing, their prices have climbed 23.3% in the last 12 months. I guess the Olympics have really helped their real estate market. The warm weather has also played a big part in getting buyers out to buy houses. Be sure to watch the video at the above link..

Thanks for reading!

We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and  everywhere in between. If you would like us to help you with your home search, please check out our brand-new free search website or if you are thinking of selling, get a free market evaluation.

Warren & Melanie McNeil | Sales Representatives, Team McNeil Re/Max Twin City Realty, Brokerage (  519.579.4110 | 519-498-8118                www.TeamMcneil.com, www.ClickThatHouse.com, www.LoftStyle.ca, www.ElmiraRealEstate.ca

Connect with us on the following social networks    Facebook: www.facebook.com/teammcneilremax

By Warren McNeil,

I came across an interesting article regarding the Rich Dad workshops in Kitchener. I receive mailings from this company all of the time and I just ignore them. I guess there are alot of people that up in arms over the training program. I can’t say much about it other then what I read in the CBC article.

View full article at:  Title: ‘Rich Dad’ seminars deceptive: Marketplace

http://www.cbc.ca/consumer/story/2010/01/28/consumer-rich-dad-poor-dad-marketplace.html

Video: http://www.cbc.ca/marketplace/2010/road_to_rich_dad/main.html

If you go to any seminars like these, make sure you pay close attention to the underlying message. If it sounds too good to be true then it probably is.  Do your research before spending any money. 

Thanks for reading!

We are a full-time real estate team in Kitchener Waterloo area. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo or Cambridge areas. If you would like us to help you with your home search, please check out our brand-new free search website.

Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage (   519.579.4110
8 www.TeamMcneil.com, www.LoftStyle.ca, www.ClickThatHouse.com
P.S. Looking for a condo or loft, check out our brand new website at www.LoftStyle.ca!

By Warren McNeil

We are looking for suggestions on ways to improve our websites and we would like to hear from our clients, prospective clients, friends, family and anybody else who feels like they would be able to contribute. Please make suggestions for blogging topics, or questions about real estate. We would really like to hear from you.

Please note that this is for our real estate websites and must be related to real estate.

Our websites are:

www.teammcneil.com
www.teammcneil.com/blog
www.clickthathouse.com
www.loftstyle.ca
www.loftstyle.ca/blog

The draw will run until Feb 28th, 2010. The gift card will be for $50 for anywhere you want.

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By Warren McNeil

From  time-to-time clients say to us that they didn’t know that we provided certain services or they didn’t understand how realtors work. This post is to provide an overview of some of the things that you might not know about what a realtor does or how we work.

 1. Realtors are independent contractors. They may represent RE/MAX or another real estate company but they work independently of each other. They are agents of the broker of record.  In most cases you will never even meet the broker of record. You will only work with the realtor. Realtors are their own CEO, president and owner of their own business.

2.Realtors pay for their own expenses including the marketing of your home. This could cost hundreds to thousands depending on how long it takes to sell your house.

3. Realtors must be licenced in the province of Ontario.

4. Realtors must continually update their education in order to stay licenced.

5. Realtors don’t get paid until they sell your house and all their costs are upfront.

6. When you hire a realtor, they may already have a buyer. Realtors are constantly meeting new buyer clients who are looking for homes and your home could be the one they were looking for. They might meet buyers on the internet, at open houses or walk-ins at the office

7. A realtor can sell any house that is on the MLS. This is considered buyer agency and differs from seller agency. A buyers agent represents the best interests of a buyer and not the seller. For more information see your buyer team and their roles

8. There are no costs to you if your houses doesn’t sell.

9. Realtors sell houses everyday so they become very skilled at negotiations, marketing, customer service, local market information and they know the good or bad areas

10. Realtors must carry Errors and Omissions insurance. Due to the complexities  of real estate transactions, the need for this type of insurances is necessary.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage ( 519.579.4110 
8 www.TeamMcneil.com, www.LoftStyle.ca, www.ClickThatHouse.com  
P.S. Looking for a condo or loft, check out our brand new website at www.LoftStyle.ca!