Real Estate

Oct 12, 2012
Sounding the Alarm on the Vancouver Real Estate Bubble
Leah Bach

Don’t get caught up in the online jabber and sensational headlines about the real estate bubble. I must admit I love Twitter. I have asked for help and offered help. I have received immediate feedback, had a few thousand laughs and met some really interesting people. But what I get the most out of Twitter is real-time information. I don’t click through all of the tweets I read, but often I am drawn to the more provocative tags. Unfortunately, one that...

Oct 5, 2012
The New New Westminster
Abby Wiseman

Expo 86 brought SkyTrain, a waterfront market and optimism that the city named by Queen Victoria was on the cusp of a new beginning. Good things come to those who wait: a quarter-century later, it seems it’s finally happening.

Oct 5, 2012
2012 Real Estate and Construction EOY: Ted Pickell
Peter Mitham

Soft-spoken and respectful, Ted Pickell has overseen some of the most aggressive and ambitious construction projects in B.C. Pickell’s father, Bill, launched Pickell Construction Ltd. in Fort St. John in 1953, when Pickell was 12. He always wanted to be...

Sep 24, 2012
Renovating Vancouver Homes for Resale
Leah Bach

The new Canadian Mortgage and Housing Corporation report for the third quarter outlined renovations as a key item. The average consumer renovates within three years of purchasing a home with the major work (and expenses) completed in the first year.

Aug 22, 2012
Vancouver Homebuyers to Sit Out Fall Season
Leah Bach

Despite historically high numbers in the cooler months, home sales around Vancouver will likely remain flat. Preparing for the fall is a typical process for many of us. I always look forward to the thought of pulling out the sweaters and buying new boots.  My kids are asking about buying school supplies (yes, my children are looking forward to school). Buyers who have long been absent return to the market with the goal of getting into a new house by Christmas...

Aug 8, 2012
B.C. Realtors Not to Blame For Softening Market
Leah Bach

Despite rumours to the contrary, real estate agents are just the messengers when it comes to Vancouver’s volatile home prices. Agents do not drive the price of the real estate market. There, I said it. There is no collusion or price fixing. There is no “propping up” of price points. The reality is Realtors will help sellers decide a price threshold for a property, but the seller approves it. In many cases, the seller will dictate the price.

Aug 3, 2012
Vancouver's Real Estate Hangover
Tony Wanless

There’s got to be a morning after, they say. Now that Metro Vancouver’s real estate binge is apparently over, we're all wondering what the morning after will look like.  The latest figures from the Real Estate Board of Greater Vancouver show that sales volumes are down 18.4 percent compared to July of last year. At the same time, regional figures show that this most recent July, at 31.2 percent below the 10-year July sales average, has been the worst in 12...

Jul 13, 2012
Real Estate Mania Is Ending
Tony Wanless

History shows that Vancouver has always been a real estate boom-and-bust city. Now that the most recent mania appears to be over, with sales falling and prices threatening to follow, there's no reason to think that's going to change. Look for a long quiet period. Fear and worry are rampant in Vancouver these days: the mighty real estate market is struggling. Whether it is in a tailspin or due for a monstrous crash is the subject of endless dinner conversations, office...

Jul 5, 2012
Vancouver’s Expo 86 Grounds to Get Makeover
L Peacock

City council is proposing a massive renovation for the Expo 86 grounds and Plaza of Nations on the False Creek waterfront. The grounds around BC Place could be getting a much-needed facelift in the near future if the Vancouver city council gets its way.  

Jul 4, 2012
Landlord Vancouver
Tony Wanless

The city of Vancouver's new housing affordability plan promises to greatly increase the pool of rental homes. It's about time we did something to deal with an approaching housing crisis. Vancouver’s new housing affordability plan has some interesting – and to many, very radical – ideas that may seem way out there among adamant free-enterprisers, who seem to make up the majority of developers and homeowners in this city.  

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