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These are second homes on a lot that traditionally was only allowed to have a single family structure (RS-1 zoned land). The term “laneway” is in reference to the location on the property where the structure must be built. These new dwellings must be at the back of the lot and on the lane (where [...]
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1473 E. King Edward Ave (King Edward Village)
Overview
This quiet town home offers 2 bedrooms and a den in 1106 sq ft of thoughtfully laid out living space. Bedrooms are on separate floors with their own en-suite bathrooms, isolating day-to-day noise and enhancing peaceful living. A back door allows direct access to your TWO underground [...]
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By now, I’ve talked to three laneway companies about the possibility of building laneway home on my property in Riley Park. After a week of meetings and consultations with three companies here in Vancouver, I was pleasantly surprised when one of the teams suggested that I drop by a few of their properties-in-progress to really [...]
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Vancouver Real Estate Statistics for March 2011
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Market Continues to Strengthen for Spring
March numbers continue to be on the upswing in real estate market activity for Vancouver. We are seeing movement on all fronts; prices, sales and listings. There is a a lot of interest from buyers, particularly in particular segments of the market (such as [...]
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On January 17th, 2011 the federal government announced changes to regulations governing mortgage lending in Canada. The changes followed growing warnings from the Bank of Canada that Canadians are taking on too much household debt (we now have the highest household debt of 20 OECD nations). By making these changes, the feds hope to limit [...]
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Vancouver Real Estate Statistics for October 2010
October sees stability return to Vancouver Real Estate
While the Vancouver real estate market began to weaken from April through to August, there were some signs that the market was steadying in September. This shift continued in October, giving some relief to sellers and motivation to buyers. Vancouver is still [...]
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Vancouver Real Estate Statistics for August 2010
A Summer Buyer’s Market
August saw our summer trends continue. We saw a continuation of fewer listings coming onto the market as well as a continued drop in the overall number of active listings. That’s the good news. On the bad side is that we’re seeing fewer buyers, too. Meanwhile, [...]
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Vancouver Real Estate Statistics for July 2010
A Summer Buyer’s Market
Last month, I referred to some “positive signals” that I saw in the Vancouver real estate market statistics. In particular, I felt that new listings coming onto the market were slowing and the total number of active listings were declining. Both of these are strengthening signals, [...]
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A colleague of mine (Naomi Larkin of Royal LePage Coast Capital in Victoria, BC) recently shared these quotes with me. They wouldn’t be out of place in much of today’s media (with altered values, of course).
I think that it’s important to realize that the real estate market is cyclical. We see down markets as well [...]
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