Archive for the 'Real Estate News' Category
Coal Harbour Real Estate Analysis
February 7th, 2010 Categories: Coal Harbour, Real Estate News, Vancouver Real Estate
Coal Harbour real estate analysis for January saw sales down slightly and listings up by 35%, compared to December, and no sales over $2M for the second consecutive month. (vs 5 in November). 80% of the sales were under $1M. The inventory doubled to 8 months. December was a low for number of listings, so we expect them to rise. Days on market dropped from 61 to 43. List price to sale price ratio increased to 98%, showing little flexibility on the part of sellers. We expect to see the inventory increase as listings come on at Fairmont Estates which has prices from $1800psf. Fairmont and Three Harbour Green are the last remaining new waterfront buildings.
Listings -136. 34 listed under $500,000. 48 listed between $500,000 and $1M. 26 listed between $1M and $2M and 28 listed over $2M, including 7 over $5M and 9 expired, down from 20 in Dec and 4 in November.
40% are listed over $1M, up from 33% last month. Read the rest of this entry »
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Featuring Coal Harbour’s Condo “One Harbour Green”
February 4th, 2010 Categories: Coal Harbour Buildings, Real Estate News, Vancouver Real Estate
Address: One Harbour Green, 1169 West Cordova, Vancouver, BC V6C 3T1, BC, Canada
Built - 2006
Architect - James Cheng Architects Inc.
Developer - ASPAC
Features - floor to ceiling windows with UV protected solar blinds, pure wool carpeting and gas fireplace. Concrete construction with fibre optic communications and quiet central heating/air conditioning and ventilation system
Amenities - indoor pool, sauna/steam room, exercise room, concierge, swirlpool, hot tub, 3rd floor terrace Read the rest of this entry »
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Greater Vancouver Listings Up, Sales Down in January 2010
February 2nd, 2010 Categories: Market Data, Real Estate News, Vancouver Real Estate
Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.
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The Benefits of Canadian Citizenship
February 2nd, 2010 Categories: Real Estate News
GUEST POST - Ryan Rosenberg is am immigration lawyer and partner with Larlee Rosenberg, Barristers & Solicitors, in
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Staging Your Vancouver Real Estate Gets you a Higher Price
February 1st, 2010 Categories: Real Estate News
CTV new recently ran this video on staging your home and reports that you will get a higher price and a faster sale.
Staging encompasses many different forms. What’s the first thing you notice when you walk into somewhere new? The colour of the walls? The furnishings? How the furniture is arrange? How does it flow? Buyers will decide in the first few seconds if they feel comfortable in this home. Stagers will help your home show better but decluttering it, re-arranging the furniture or suggesting new furniture, perhaps a change of wall colour. The end result will be that your home shows better in pictures and a virtual tour and is more appealing to buyers, thereby achieving a higher price and a quicker sale for you.
Staging also is beneficial if a property is vacant. It allows the buyer to imagine how their furniture will fit into the property they are viewing, rather than trying to figure it out when the place is empty. A furnished property is warmer and more inviting.
Stagers generally rent furniture by the month.
Have a staging experience you’d like to share with us?
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when you’re ready to buy or sell in Coal Harbour, contact Maggie, an experienced realtor marketing vnacouver homes since 1981
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British Columbia’s Housing Starts Expected to Rise 50%
January 29th, 2010 Categories: Real Estate News
Central Credit Union says BC’s housing rebound is the “strongest and sharpest” on record and credits “record low mortgage rates” for the increase
Lower Mainland sales increased 72% over the past year. “some slowing of the rebound is likely over the short term” says CCU in its latest economic outlook but it believes that higher prices and higher mortgage rates will be seen over the next 4-5 years.
Housing starts are forecast to increase 50% this yearand climb to more than 30,000 units within 2 years. Up from 18,800 units in 2009. However, the unemployment rate will stay around 8% in 2010.
“Considerable momentum is expected to continue through the first quarter of 2010 before Read the rest of this entry »
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BCREA - BC Real Estate Recovery Limited by Economy, Affordability
January 29th, 2010 Categories: Real Estate News, Vancouver Real Estate
BCREA Housing Forecast Update - First Quarter 2010 Vancouver, BC – January 29, 2010.
The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the first quarter of 2010 today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 6 per cent from 85,028 units in 2009 to 90,100 units this year, before declining 3 per cent to 87,500 units in 2011. Higher home prices and rising mortgage interest rates will provide a constraint on home sales next year. “BC MLS® residential sales sprinted from an annualized rate of 50,000 units during the first quarter to 112,000 units during the fourth quarter last year,” said Cameron Muir, BCREA Chief Economist. “That gold medal finish will give way to a silver medal performance in 2010.” Relatively slow economic growth, waning pent-up demand and rising carrying costs are expected to keep home sales from continuing at their frenetic pace. While home sales in Victoria, Vancouver and the Fraser Valley rebounded sharply last year and weighted heavily in the provincial total, the rest of the province is demonstrating more gradual improvement. The average annual MLS® residential price in BC is forecast to increase 5 per cent to $490,900 this year and then rise by 1 per cent to $494,800 in 2011. “Higher mortgage interest rates will limit price appreciation next year,” added Muir. 
keep up to date with vancouver’s changing real estate market, subcribe via RSS or email
contact Maggie when you’re ready to buy or sell vancouver real estate
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Canada Real Estate Roundup
January 28th, 2010 Categories: Real Estate News, Vancouver Real Estate
The average Canadian real estate price in December 2009 saw the big cities of Vancouver, Victoria, Calgary, Edmonton, Winnipeg, Toronto, Ottawa, Montreal all higher than a year ago. As well, all Provincial average prices were higher than December 2008, except for Prince Edward Island. Fredricton was the only exception to the rule, being a tad less than a year ago.
The following is a release by CREA, you can hold your mouse over a specific city or province and view the current average price and the average price one year ago. Read the latest summary.
Bank of Canada is committed to holding rates til last half of 2010. Read the rest of this entry »
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New Vancouver Condo Projects
January 27th, 2010 Categories: Real Estate News, Vancouver Real Estate
Looking for a new condo to purchase? Here are a few suggestions for you
1) Lumen at Granville Island. Completed and ready to move in. Lowrise concrete building. Starting at $339,000. A limited selection (36) of studios, l bedrooms, l & dens and 2 bedrooms remain. Grand Opening January 30th from 12 noon
2) Pinnacle Living on Broadway. (Kits) Presale. lowrise concrete building. Pre-register now available
3) Ginger @Main & E. Georgia (Chinatown) Ready to move in. Most condos are under $400,000 Read the rest of this entry »
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Vancouver Downtown Building Heights Rejected by City Hall
January 26th, 2010 Categories: Downtown, Real Estate News, Vancouver Real Estate
Today Vancouver’s City Council rejected the staff report which proposed four sites in Downtown Vancouver be redeveloped into condo buildings over 40 storeys.
Instead they will allow two fifteen storey buildings in the Victory Square neighbourhood and some others in Chinatown South.
view my recent post on the topic Read the rest of this entry »
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