From the category archives:
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 [...]
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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 [...]
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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 [...]
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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 [...]
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Vancouver city council last night approved a pilot project in laneway housing. It’s still too soon to know all the details of the plan. However, it looks as though the City of Vancouver will reassess the project once the first 100 laneway houses have been built. Public consultation will continue on issues such as parking [...]
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We are currently being bombarded by news reports that claim the sky is falling on Vancouver real estate. I think that we need to take all of this with a grain of salt. It’s important to realize that the media tends to jump on the bandwagon and overexaggerate trends in either direction. When things are [...]
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Photo from CBC
I’d heard rumours throughout the day, but it had yet to be verified. Late this evening, news reports confirmed the rumours that indeed work on the Ritz-Carlton (a proposed 60 story condo development across the street from the Shangri-La) had been halted.
According to the news reports from CBC and CTV, the developer is [...]
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I wrote last week about how we are seeing the credit crunch (originating in the US but now expanding globally) affect us here on the local level in the Vancouver real estate market. There have been further developments in the last week on this issue.
First of all, I commented last time that the Bank of [...]
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Being in the real estate industry, I am always scouring the internet for new sources of information. Honestly, there appear to be endless sources of information out there. Whether it is the traditional press, or new media bloggers, the sources are endless both locally and internationally. Recently, I came across a ranking of the “Top [...]
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