It appears that the well-being of residents of BC has been compromised by an economy built around organized crime and money laundering.
There was a dramatic drop of detached home sales in February all through Metro Vancouver and the rise of taxes in Metro Area.
Affordable home ownership or rental accommodation is unavailable to most of the local younger population, even those with stable professions.
To paraphrase Mac Davis: Happiness was Vancouver real estate prices in our rearview mirror…
The sales to active listing ratio for November 2017 is 32%. By property type, the ratio is 15.9% for detached homes and 36.4% for townhouses.
In October 2017 the benchmark price for a detached home in North Vancouver was $1,700,200 up 2.1% in one year.
In September 2017 the benchmark price for an apartment property across the region was $635,800. This was a 21.7% increase from September 2016.
Older houses present problems for the prospective buyer. Insurers may refuse to cover, or renew policies on, houses that have not been upgraded to modern standards. What follows is a list of known issues that a buyer should investigate.
As the world was falling down around us with wildfires, hurricanes, terrorism, violent political demonstrations Vancouver real estate just skipped along to yet higher prices overall and extraordinary demand in the condo market.
There’s so much turmoil in the news today and so many extreme opinions on every subject that it does seem like a good time to be nice to those around you. The biggest issue in Canada at the moment is that of illegal immigration including refugees streaming into Quebec from the US.
Last year in July the provincial government announced their foreign buyer tax. It was a mad scramble to close properties before the tax took effect which distorted the market at that moment. However, there was a slowdown in sales for several months afterwards while the market adjusted to the changes. The tax was eventually absorbed by the seller and the buyer of the higher end properties that attracted foreign investment. It did impact the number of detached sales.
With short winters, plenty of fertile soil, and a temperate rainforest climate, Vancouver is the perfect place to grow a lush, beautiful garden. The only problem is that many Vancouver residents don’t have […]
As projected in May the condo is King in June. The trend is for prices to rise continuously in the condo market because it is so in demand.
Last month’s sales were 23.7% above the 10-year May sales average and is the third-highest selling May on record.
Despite the media trumpeting stats that the real estate market is down the reports are referring to the numbers of sales, not prices