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Vancouver, BC – January 12, 2009. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined
31 per cent to $31.3 billion in 2008, compared to 2007. Residential unit sales declined 33 per cent to 68,923 units last year, the lowest level since 2000, when 54,179 transactions were recorded. The average MLS® residential price in 2008 was $454,599, up 3.5 per cent from 2007.
“The housing market came in like a lion and went out like a lamb in 2008,” said Cameron Muir, BCREA Chief Economist. “Home prices reached a record high in March, but edged lower during the balance of the year.” The average residential sales price hit $483,291 in March and ended the year at $429,210, an 11 per cent decline in nine months.
“The global financial crisis, a sharp correction in the equity markets and a recessionary environment in Canada has wreaked havoc on consumer confidence,” added Muir. “While it’s difficult to predict when consumer confidence will strengthen, home affordability is quietly improving as lower prices and mortgage interest rates increase the buying power of BC households.”
December MLS® residential sales dollar volume in the province declined 52 per cent to $1.05 billion, compared to December 2007. Provincial MLS® sales were down 49 per cent to 2,456 units, while the average residential price declined 6 per cent to $429,210 over the same period.
The key to an easy move is careful planning. There are many action items that need to be taken prior to the move all the way up to the actual day the first box is loaded on the moving truck. Take time to write down and organize the decisions and activities that will need to be accomplished prior to the move such as securing a mover and changing your address. Ideally, you should try to break up the tasks over a two-month period. By doing so, you will not overload your schedule, plus it can save you time and money. To get you started, consider using the checklist below as a guide.
Eight Weeks Prior
Get estimates from at least three professional movers. If you are going to do it yourself, get estimates on rental trucks.
Decide which furniture and household goods you’ll be taking, which needs to be disposed and which needs to be replaced.
If you will be moving to a new city, contact the Chamber of Commerce of that town for a new residence packet. Your sales professional may also have information.
Six Weeks Prior
Inventory your possessions besides furniture – kitchenware, decorative items, electronics, apparel and so on.
Complete a change of address form with the post office. This can be easily done online at https://ssl.postescanada-canadapost.ca/smartmoves/coa/default-e.aspx Make sure you notify organizations, credit cards companies, and publications to which you subscribe of your new address too.
Obtain copies of all medical, dental, legal, accounting and veterinarian records.
If children are changing schools, arrange for transfer of educational records.
Itemize moving-related costs with the mover including packing, loading, special charges and insurance.
Four Weeks Prior
Make arrangements for packing your belongings. If you will be using professionals, schedule with the company for packing to take place a day or two before the move. If you will handle packing on your own, purchase adequate boxes, packing materials and tape.
Arrange for short-term or long-term storage if needed.
Make travel arrangements for pets including necessary medical records, immunizations, medication and so on.
Three Weeks Prior
Begin packing items you won’t need immediately or that will go into storage.
Contact utilities on both ends of the move to order termination or turn-on for occupancy date.
Confirm travel arrangements for family and pets.
Two Weeks Prior
Terminate newspaper and other delivery services.
If necessary, arrange and confirm new bank accounts and local services in your new neighbourhood.
One Week Prior
Gather important papers, records, and valuables for protected shipment to new home or safe deposit box.
Obtain any prescription medications needed for the next few weeks.
Day Before or Actual Moving Day
Defrost refrigerator/freezer and give away all perishable food.
Keep a box marked “Last Box Packed/First Box Unpacked” for tools, flashlights, first aid kit and so on. On moving day, this should be the last box placed on the truck.
Pack items to carry with you such as valuables, financial records, personal papers and so on.
Give the movers a telephone number and address to reach you.
To be sure, a detailed action plan can get your move well down the road before you ever depart to your new destination.