Blog about Vancouver Real Estate Market

Don Urquhart – 2019 Solo OC1 Georgia Strait 73K Crossing

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 […]

It’s Not All Bad in The Vancouver Real Estate Market

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 […]

Vancouver Real Estate Market Update January 2019

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 […]

Vancouver Real Estate November 2018 Update

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 Condos and Detached Housing Report September 2018

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 […]

Selling Your Vancouver House in Today’s Real Estate Market

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 […]

Vancouver Real Estate Update July 2018

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, […]

New Property Tax Rules for Vancouver and BC

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 Estates Ebbs and Flows

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 […]