There are a lot of moving parts when it comes to a multiple offer. In this article I will do my best to cover the important details. Multiple offers can happen in busy real estate markets and slow real estate markets. In my opinion this can take the fun out of purchasing a house and […]
Buyers Market or Sellers Market by Price Range The Vancouver real estate market increased in activity in July and August. There was an increase in the total number of monthly sales compared to the previous months of 2019 and compared to July and August of 2018. This has sparked a debate in the media questioning […]
The Vancouver Spring real estate market activity is increasing compared to the previous months of 2019. Buyers are sensitive to pricing but are quick to write offers on good well priced properties in sought after locations. I have witnessed more than a few multiple offers in the recent weeks. Buyers that are participating in multiple […]
Strata development was first implemented in British Columbia in 1966 and was named Strata Title Act. Today we know it as Strata Property Act. Prior to 1966 there was no strata title ownership and all apartment ownership was done through Co-Op, meaning Company Ownership. If you are searching for a condo today and you find […]
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 […]
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 […]
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. […]
