May 2009

Wordless Wednesdays

by Maggie Chandler May 27, 2009 Wordless Wednesdays

Multiple Offers Abound in Vancouver Real Estate

by Maggie Chandler May 26, 2009

I’ve written four offers in the last four days and three of them were multiple offer situations.

My listing at 1199 Marinaside Crescent in Yaletown got three offers as soon as it was published on MLS. I was a buyer agent for a waterview condo at Sapphire in Coal Harbour. We were close to reaching …

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Canada Real Estate Roundup

by Maggie Chandler May 26, 2009

Take a look at what’s happening in the Canada real estate market. Compared to one year ago, Real Estate prices in the big cities of Toronto, Vancouver, Calgary and Edmonton are down, Winnipeg, Ottawa, Montreal prices are up, as are the Maritime Provinces. The following is a release by CREA, you can hold your mouse over a …

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BCREA Revise their Forecast for Vancouver Real Estate Market

by Maggie Chandler May 26, 2009

As part of its Spring 2009 Housing Forecast, the British Columbia Real Estate Association (BCREA) reported today that housing market conditions have improved more rapidly than expected. As a result, BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average Multiple Listing Service® (MLS®) residential …

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What you should know about Realtors working for Developers or Builders

by Maggie Chandler May 25, 2009

Who collects and keeps client ID?

Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, as of February 20, 2009, real estate developers and builders are required to comply with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements when selling a new house (detached, attached or condominium), commercial or industrial building, …

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April New Home Construction in Vancouver

by Maggie Chandler May 24, 2009

Numbers released by Canada Mortgage and Housing Corporation (CMHC) show that new home starts in Vancouver moved lower in April. Fewer multiple unit and single detached homes started construction in the first four months of the year. The total number of housing starts was down by nearly two-thirds from last year’s strong performance.

“Starts numbers so …

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CREA Homes Sales Forecast Revised for Canada

by Maggie Chandler May 23, 2009

Aspring housing market that was more active than anticipated has prompted a change to the MLS® home sales forecast issued by The Canadian Real Estate Association (CREA) for the rest of 2009, and for 2010.

National home sales activity is forecast to be down 14.7 per cent to 370,500 units in 2009. This is slightly less …

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Vancouver Real Estate Analysis for Olympic Village

by Maggie Chandler May 22, 2009 Olympic Village

Vancouver real estate statistics for False Creek North (Olympic Village) saw listings down and sales up for April 2009. We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will eventually change and then we can get a better feel for the neighbourhood.

Listings – Feb 19, Mar …

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Understanding British Columbia’s Property Transfer Tax

by Maggie Chandler May 21, 2009

Every real estate transaction in British Columbia requires the Buyer to pay a property transfer tax. If you are a first time buyer you are exempt if you meet certain criteria.

Have you ever been confused by BC Government information about the Property Transfer Tax (PTT)? If you answered yes, you’re not alone.

To help home …

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My Take on Vancouver Real Estate Market

by Maggie Chandler May 21, 2009

I’ve always believed the best way to keep your pulse on the Vancouver real estate market is to be working with Buyer Clients.

When setting up a buyer tour, it becomes quickly evident what’s selling and what’s not and one is able to establish current market value by viewing comparable properties for sale. In addition, posting …

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