October 2019

What is 'Vendor Financing'? (and why does it matter?)

Posted on Oct 17, 2019

Although 'Vendor Financing' is a relatively simple concept, it is often confused with other very different things, like 'rent to own' or an 'option to purchase'. It is interesting that many otherwise savvy and experience home owners and real estate consumers- really don't understand what 'Vendor Financing' is, and why it could or should be consider...

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Real Estate Stats 2019, year to date (date at September 30)

Posted on Oct 06, 2019

Average single family home sold prices are up 59% compared to last year! ($638,800 average 2019 selling price compared to $400,800 in 2018) But what does that mean, is my home really worth 59% more? It is unlikely, what it means is that generally higher priced homes have been selling and lower priced recreational condos have been taking longer to s...

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