From the category archives:
Laneway Housing has been a term bandied about in Vancouver for some time. It was a core principal of the Eco-Density initiative that our previous mayor Sam Sullivan put forward. In theory city council approved laneway housing for Vancouver back in October 2008. However, no permits were given as the details of the building codes [...]
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A recent study revealed that there were neighborhoods in the Lower Mainland that saw price increases in the last year. Century21 commissioned the cross-Canada study to find the best performing neighborhoods in the country. Despite the slowdown in our local real estate market, Vancouver had three regions represented in the 21 hottest neighborhoods over the [...]
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Balanced markets emerging
If you’ve been reading this blog lately, or just watching the For Sale signs on your street, you know that the Vancouver real estate market has come back to life. In a number of recent posts, I’ve pointed out that this resurgence began with the reappearance of the first-time home buyer into the [...]
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On Tuesday, April 21st 2009 the Bank of Canada did the unexpected and announced a further 0.25% drop in the key overnight lending rate. The current interest rate is now 0.25%, an all-time record low which the Bank hopes will stimulate the economy by encouraging spending.
First time buyer looking to take advantage of the new [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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