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Vancouver's 10 Year Housing Plan

November 24th, 2017
"There's some big moves here that haven't been done before," said Gil Kelley, the city's general manager of planning. "We are setting housing-production goals by income level." A multifaceted report released on Thursday, which will be voted on at city council next Tuesday, is aimed at tackling a huge range of issues. Many of these have been discussed already during the past 14 months, such ...

Douglas Todd: How would Vancouver’s housing bubble burst? Look to China

February 17th, 2017
No question is more on the minds of Metro Vancouver homeowners and renters than how and when the region’s housing bubble could burst. After stratospheric escalation, a punctured bubble would be disaster for hundreds of thousands of over-mortgaged homeowners. Yet it could bring relief to those desperate to get into housing. Last summer’s B.C. government 15-per-cent tax on foreign buyers and ...

Study shows Vancouver Airbnb yields lower than many other cities

January 24th, 2017
JENNIFER SALTMANMore from Jennifer Saltman Published on: January 24, 2017 | Last Updated: January 24, 2017 4:47 PM PST The owner of a three-bedroom property in Vancouver could recoup their purchase price about 10 years faster if they do short-term rentals versus having a long-term tenant, according to a study released Tuesday. However, the study also shows that servic ...

5 Home Staging Tips

January 12th, 2017
Thoughtful home staging is more than just tidying up and cleaning every room. It could mean a quick sale and higher selling price if done right. Here are five ways you can leave a positive impression on potential buyers. Eliminate Clutter -- Clear the clutter from around your home. It's easy to overlook things you see every day, so try to approach all spaces with fresh eyes. ...

Central Lonsdale Market Dynamics favour buyers.

November 23rd, 2016

Central Lonsdale Market Dynamics favour buyers, with only one sale in Central Lonsdale in the last 30 days. 322 E 19TH Street sold for $2,250,000 and was listed for $2,298,000. There are currently 12 single family homes for sale in Central Lonsdale and 4 recent price reductions.

New Market Dynamics. Only One Sale in Edgemont Village in the last 30 days.

November 23rd, 2016

The Edgemont Village market has slowed dramatically, with only one sale in the last 30 days.  1040 Beaumont Drive sold November 10th for 2,300,000 and was originally listed for 2,588,000.

There are currently 19 single family homes for sale in Edgemont Village and 8 recent price reductions.  Current market conditions favour buyers.

Vancouver Real Estate Searches from US Sources Triple after Trump Win

November 12th, 2016
Traffic to REW.ca’s home listings tracked to US computers went up by around 200 per cent on the day after the election Joannah Connolly REW.ca November 10, 2016 Donald Trump at the branding of the Trump International Hotel and residential tower in Vancouver. — Holborn Group Web traffic to Lower Mainland and Victoria home listings on REW.ca tripled on the day after the US election, as US re ...

More Chinese cases target property in B.C., say lawyers

September 9th, 2016
Lawyers in Vancouver say they are seeing a substantial increase in B.C. court cases filed by Chinese companies seeking to seize real estate assets from Chinese immigrants in B.C. The Chinese plaintiffs are asking B.C. judges to enforce monetary judgments awarded in Chinese courts. These Chinese rulings typically involve people found in China to have defrauded Chinese banks or business partne ...

Vancouver’s West Broadway is in the midst of a ‘land rush’

September 5th, 2016
The building at 950 West Broadway in Vancouver is unremarkable, a two-storey concrete structure that is home to an IHOP, a Japanese restaurant and an insurance broker, among other things. But it sold last May for a phenomenal $46-million, according to B.C. Assessment Authority records, even though it had been assessed at just $18-million. It was the latest record-breaking sale in what has be ...

Vancouver home sales hit four-year low in wake of foreign-buyers tax

September 5th, 2016
Home sales in the Vancouver region hit their lowest August levels in four years as the real estate market grappled with the shock around the B.C. government’s new tax on foreign buyers. There were 2,489 detached houses, condos and townhomes that sold in August, down 26 per cent from the same month of 2015, the Real Estate Board of Greater Vancouver said Friday. Only 715 detached houses in G ...

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