February 2010

What Vancouver Real Estate Sells Best?

by Maggie Chandler February 28, 2010 Common Questions

I often get questions from Buyers purchasing Vancouver real estate regarding the price range that sells the best.

So I thought I’d take a look at the February sales and see what price range was the best seller. MLS to date shows 177 condo sales and of those 55% sold under $500,000 (of those 12% sold …

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Vancouver Penthouse Real Estate Analysis

by Maggie Chandler February 27, 2010 Home Prices and Trends

A search on MLS shows 112 listings over $500,000 identified as Penthouses – a special apartment on the top floor of a building. Some condos are marketed as Penthouses if they are one of a few suites on the top floor. The New Year saw a 10 month supply of Vancouver Penthouses with the listings under …

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Canada Real Estate Roundup

by Maggie Chandler February 26, 2010 How's The Market

With the exception of PEI, all Canadian Provinces saw a higher average real estate price in January 2010 than they did in January 2009.

The average Canadian real estate price in January 2010 saw the cities of Vancouver, Victoria, Calgary, Winnipeg, Toronto, Ottawa, Montreal all higher than a year ago. However, Edmonton, Saskatoon and Regina were lower.

The following …

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New Listing! West of Denman Condo @ 1010 Chilco Street

by Maggie Chandler February 25, 2010 West End

Fifteen years ago i received a phone call from an owner of a condo West of Denman inquiring about the value. Although I have talked to him many times on the phone and more recently by email, we had not met until last Fall and when he emailed me a couple of days …

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Wordless Wednesdays

by Maggie Chandler February 24, 2010 Wordless Wednesdays

Fisherman’s Wharf at False Creek, Vancouver

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Vancouver’s #1 – Again!

by Maggie Chandler February 19, 2010 Latest News

No, we’re not talking the 2010 Winter Olympics, though the city is electric and the most exciting I’ve ever seen it! Awash in red and Oh Canada is being sung everywhere!

The Economist has again voted Vancouver the World’s Most Liveable City! Canada does exceptionally well in The Economist’s Intelligence Unit Ranking due to its …

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West End Real Estate Analysis

by Maggie Chandler February 18, 2010 Home Prices and Trends

West End real estate analysis saw January listings and sales up, compared to December, leaving the supply stable at less than 3 months. Listings and sales similar to Jan’09. The days on the market for condos that sold dropped from 41 to 28. The average selling price steady at $544,000. The sales under $500,000 up from 51% to 61% and the sales over $1M increased. The list price to sale price …

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Wordless Wednesdays

by Maggie Chandler February 17, 2010 Wordless Wednesdays

Bridges on Granville Island becomes House of Switzerland for 2010 Oympics

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Changes to Canada’s Mortgage Insurance Rules

by Maggie Chandler February 16, 2010 Buyers

Federal Finance Minister Jim Flaherty announced changes to mortgage insurance rules this morning, which are set to come into force on April 19th, 2010. This means the government will adjust the rules for government-backed insured mortgages as follows:

Require that all borrowers meet the standards for a five-year fixed-rate mortgage even if they choose a mortgage with a lower …

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False Creek North Real Estate Analysis

by Maggie Chandler February 15, 2010 False Creek North

False Creek North real estate analysis for January saw listings up from 133 to 153 for the second consecutive month. Sales also increased fro 17 to 28. Days on the market up from 34 to 43. The average selling price was up to $688,000 and $psf flat at $694. The supply of condos dropped to 5.6 months. The condo listings over $2M nearly …

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