On a chosen day at the end of May I will attempt to paddle my OC 1 (outrigger canoe) 73 kilometers (45 miles) across the Georgia Strait from Nanoose Bay to Vancouver in 10 hours or less. The purpose of this challenge is to raise funds for Take A Hike Foundation. I believe that Take […]
Vancouver Real Estate Market Update April 12th 2019 We have each heard the story; I think there is more to it. The media is taking all price ranges and types of housing under one umbrella to analyze the data for the Vancouver real estate market. It works but it’s not accurate and it ultimately defaults […]
The Vancouver real estate market is moving at a slow pace and is currently a buyer’s market for both condominiums and single family detached houses. Detached house prices in 2018 fell by approximately 10 to 25% depending on the location and price category. The condominium and townhouse market did not slow and become a buyers […]
Why you should know the history of an MLS listing When I work for a buyer and we are filtering through many MLS listings to find the ones that are worth viewing, I always want to know the history of the listing. I want to know if there are any hidden red flags. It’s December […]
In my last September newsletter, I wrote that the condominium and townhouse market had finally joined the detached market and officially shifted from a seller’s market to a buyer’s market (with the exception of the lower price range for condos). Today, there is downward pressure on pricing on condominiums, townhouses and single family detached houses. […]
Vancouver Real Estate Market for September 2018 The months of July and August have brought solid evidence of the changing Vancouver Real Estate Market. In my July 1st Newsletter I wrote that the single family detached housing market continued to have downward pressure on prices and the once impenetrable Vancouver condominium and townhouse market was […]
I have been writing about market conditions for most of the year and it is clear that the market has changed a lot. We know that the current market for selling a single detached house is very different from that just 12 months ago and this means that marketing a house for sale must be […]
Summer is here and the Vancouver real estate market continues to tell two different stories. As I have been writing through most of the year the single detached housing market continues to cool off and there is downward pressure on prices. The second story is the condominium / townhouse market and its robust activity. Yet, […]
Vancouver and British Columbia Residential Tax Summary EMPTY HOME TAX CITY OF VANCOUVER Empty Home Tax in City of Vancouver is 1% of the assessed value if it is not rented out for 6 months or more of the year. SPECULATION TAX Properties that are used as qualifying long-term rentals are exempt from the tax. […]
Vancouver Real Estate 5 Month Review 2018 The Vancouver real estate market has had more than a few challenges placed in its path over the past six months. Previous headlines of multiple offers and sale prices way over asking are no longer a story. The market is shifting and there continues to be two very […]
