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 […]
Mt Pleasant condos and townhouses for sale in Vancouver are selling within days of being listed. The neighbourhood is the largest of all the 16 sub areas / neighbourhoods on the East Side of Vancouver and is now the center of the city for Vancouverites. This is a driving force for many young professionals and […]
Pricing, property type and of course location, are key factors in determining where the most real estate activity is taking place. The latest data shows that the number of sales for Vancouver is down by 30% from March of 2017. The 30% decrease in volume has a loud ring of negativity, however, property sales in […]
856 E 14th Avenue Vancouver BC V5T 2N6 Located in the heart of Mount Pleasant on a beautiful tree lined street is a spacious completely remodeled 5 bedroom, 4 bathroom single family house on a 33 x 112 foot lot. Asking price is $1,999,000 856 East 14th Avenue is unique with respect to its […]
Mount Pleasant Half Duplex This new listing has a wonderful and sought after character design with an interior space of 1858 square feet over 3 levels with an added bonus of a self contained 2 bedroom suite on the lower level. This is a rare offering simply because of the large interior space, self contained […]
