From the category archives:
As I talked about in my post yesterday, first time buyers are returning to the Vancouver real estate market in significant numbers. Well-priced, good quality homes are selling fast and even the odd multiple offer is occurring.
There is another article about the first-time buyer phenomenon in today’s Globe and Mail.
We often see first-time buyers driving [...]
{ 1 comment }
There’s an article in this week’s Maclean’s Magazine that questions the credibility of the statistics coming from the real estate industry. It’s a valid argument, and one that is worth having, but I do have some issues with the article.
If you haven’t already read the article, you can do so right here.
While Maclean’s criticizes the [...]
{ 0 comments }
The recent (2009) federal budget proposed by the governing Conservative party contains a number of measures that are intended to stimulate the economy. It’s clear that the government feels that the housing market is a critical element of a robust economy from what is contained in the budget.
There are three key elements that are meant [...]
{ 0 comments }
There’s a Vancouver real estate developer that is suing pre-sale buyers that are trying to back out of contracts. Amacon has filed a lawsuit against seven buyers that have defaulted on their contracts to buy condos at Amacon’s Morgan Heights development in Surrey. The purchases were to supposed to have completed in December.
CBC article on [...]
{ 0 comments }
It’s no secret. The Vancouver real estate market has slowed considerably.
Anyone who has picked up a newspaper lately has seen nothing but bad news for owner’s of Vancouver condos or those of us that have Vancouver homes for sale. For the Vancouver real estate bear’s it’s been an affirmation, a victory and money in [...]
{ 0 comments }
It was reported the other day by CBC that a fake landlord has been taking cash from international students. He’s renting out apartments from unsuspecting landlords and then sub-letting them to international students desperate for accomodation.
Small one bedroom apartments are being rented to four or five people anywhere from $400 – $900 per person per [...]
{ 0 comments }
So, this morning the Bank of Canada announced that it cutting the key overnight lending rate. This time it was “chopped” drastically by 0.75% (the largest single drop since 2002). The overnight lending rate is now at 1.5%, it’s lowest level since 1958…that’d be it’s lowest level in 50 years!
For the first time, the Bank [...]
{ 0 comments }
There was news recently of two BC Condo complexes that got themselves into some hot water. The problem? They put their contingency fund reserves in risky investments lured by the potential of high returns. Unfortunately, these investments didn’t turn out as planned and now they’ve lost the owners money…to the tune of $100,000 in one [...]
{ 0 comments }
There is a big controversy in Vancouver that exploded yesterday. In an October 24th in camera meeting, city council decided to loan up to $100 Million to ensure that the Olympic Village is completed on time.
The Olympic Village is a market housing development called Millenium Water. For the duration of the Olympics, the development will [...]
{ 0 comments }
So, I wrote a post earlier today about laneway housing in Vancouver. On October 31st, Vancouver city council approved laneway housing. You can read all about the laneway housing in Vancouver right here.
After having written that post, I received a few messages from readers asking for more information. Most of it came down to, “What [...]
{ 0 comments }
Twitter