Archive for the 'Real Estate News' Category
Are Vancouver Homeowners Protected Against Title Fraud?
June 30th, 2008 Categories: Real Estate News, Vancouver Real Estate
Yes! British Columbia homeowners are protected against Title Fraud.
In light of recent articles in The Vancouver Sun regarding the issue of title and mortgage fraud in B.C., the
The Real Estate Board of Greater Vancouver recently published this article.
The LTSA reports that over the past 18 years, the land title system processed 15 million transactions. During this time, two claims related to land ownership fraud were successfully resolved and only 14 claims related to mortgage fraud had been filed. Read the rest of this entry »
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Bob Rennie’s 101 Reasons Why You Should Buy Today
June 19th, 2008 Categories: Real Estate News, Vancouver Real Estate
Bob Rennie’s recent speech at UDI was full of facts and figures. He remains positive on Vancouver’s future and its real estate market. Bob has long been Vancouver’s #1 Condo Project Marketer and his predictions have been right on. Here is an overview of his speech.
Consider the recent sales of Downtown Penthouses “celebrity product”. Shangri-la Penthouse just sold for $16 million, so did the Fairmont. Residences on Georgia sold their Penthouse in the spring for $18 million. Ritz Carlton is asking $29 million for the Penthouse. The Ritz Carlton broke $2300 prsqft average!
Downtown’s population was about 40,000 in Expo’86. Today it is around 85,000 and projected to be 120,000 by 2020. Read the rest of this entry »
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Vancouver Property Graphs May 2008
June 8th, 2008 Categories: Real Estate News, Vancouver Real Estate
The above graphs for Vancouver (west side) homes, townhomes and condos show a large increase in listings for April and May, a slight decrease in sales and a slowing of price increases.
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Vancouver Market Analysis for May 2008
June 5th, 2008 Categories: Real Estate News, Vancouver Real Estate
The RBGV reports that residential attached, detached and apartment property sales in the Greater Vancouver area totalled 3,002 in May 2008, a decline of 30.7% from May 2007, and and down from 3,200 in April 2008
New listings for detached, attached and apartment properties climbed 20% over a year ago, to 7390, and up from 7010 in April. Sales continue to be strong, but there is a lot more choice on the market today. Prices are not increasing as rapidly, now down to single digits overall, which is good news from an affordability standpoint and market stability. We are now back to a normal market where sellers have more competition and buyers have a good selection. Read the rest of this entry »
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What Vancouver Investors Should Know Before They Rent Their Condo
May 30th, 2008 Categories: Real Estate News, Vancouver Real Estate
Understanding the Landlord Tenancy Act before you rent your Vancouver condo
Did you know? One third of all home owners in British Columbia rent their home.
Did you know? Secondary suites, including illegal suites, are covered by the same residential tenancy law as apartments in large buildings.
“Landlord Guide: Information for Landlords in BC” provides valuable information on the many legal and financial obligations of landlords, who are considered business owners and are bound by both provincial and municipal laws, bylaws and regulations. These include the BC Residential Tenancy Act, the Fire Code and the Building Code, as well as municipal bylaws covering secondary suites, smoke detectors, safety and even cleanliness. Read the rest of this entry »
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Here’s a Quick Way to Sell Your Vancouver Property
May 29th, 2008 Categories: Real Estate News, Vancouver Real Estate
How do you sell your Vancouver property when the supply of listings is up?
There are more listings on the market and fewer buyers. It seems to me that some of the buyers are confused by having so much choice, so they keep looking at more listings rather than view the ones which meet their criteria, shortlist one or three, view them for a second time and make a decision.
If you are a buyer you should always have a priority list and number it one to ten. If you are a couple, you should have two lists, then amalgamate them into one. This way you will be focused on what is of most importance to you in selecting a property. Read the rest of this entry »
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Who’s Your City? Vancouver? Nanaimo? San Francisco?
May 28th, 2008 Categories: Real Estate News, Vancouver Real Estate
I recently saw an interview on CBC with “author, speaker, researcher, thought leader” Richard Florida, talking about his new book “Who’s Your City?”
Florida did a study of US cities and his ideas are thought provoking. The following is a description of the book from amazon.com
How the Creative Economy is Making the Place Where You Live the Most Important Decision of Your Life.
It’s a mantra of the age of globalization that where you live doesn’t matter: you can telecommute to your high-tech Silicon Valley job, a ski-slope in Idaho, a beach in Hawaii or a loft in Chicago; you can innovate from Shanghai or Bangalore. Read the rest of this entry »
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Power Smart tips for energy efficient use of home appliances
May 26th, 2008 Categories: Green Condos, Real Estate News
Power Smart tips for energy-efficient use of home appliances
When using your household appliances, there are various, simple energy-efficient habits to implement that will help to reduce your monthly energy bills, as well as be more environmentally friendly.
When cooking, keep preheating to a minimum, and the oven door closed during use. You lose 20 per cent of the heat each time you open the oven door. You can usually turn the heat off about five minutes before the cooking time is up, allowing you to save energy by cooking food with residual heat. Read the rest of this entry »
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CMHC’s Current Predictions for Vancouver’s Real Estate Market
May 23rd, 2008 Categories: Real Estate News, Vancouver Real Estate
Metro Vancouver’s housing market moderates in 2008 and 2009 , says the current release by Canada Mortgage & Housing Corporation.
Strong economic and demographic fundamentals, steady job growth and population growth, along with continuing low mortgage rates – will support demand for new and resale housing. However, softening consumer sentiment and high mortgage carrying costs will temper the effects of these positive factors, dampening home buyer demand.
New home construction and MLS®1 sales will dip slightly, but stay high from a historical perspective for the remainder of this year and through 2009. Home prices will rise, but at a slower pace than in the past few years, as an increasing supply of both new and existing homes for sale give buyers more choice and more time to make their purchasing decision. Read the rest of this entry »
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Great Deals on Las Vegas Luxury Homes
May 12th, 2008 Categories: Real Estate News
Felipe Crook, a las Vegas luxury home specialist recently featured my blog on his blog, so I thought I’d return the favour. It’s amazing what the homes cost down there.
Did you know that Vegas is the #1 place in the USA for foreclosures? Felipe has identified 7 homes on golf courses that are in foreclosures.
View his blog or contact him
Felipe Crook
Fine Homes International Specialist
Prudential Americana Group Realtors
Las Vegas, NV
Cell: 702-683-2169
Email: felipe@felipecrook.com
Blog: http://www.felipecrook.com
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