Vancouver Real Estate

Vancouver Real Estate Analysis for Coal Harbour December 2008

by Maggie Chandler January 20, 2009 Coal Harbour

Vancouver’s Coal Harbour statistics for December show listings down substantially from 247 to 201. Sales down to 6 from 9. Days on market increased from 41 to 75 for sold condos. Average selling price leaped from $848,555 in November to $983,000. The supply increased from 27 months in November to 33 months. Number of listings back to early summer levels . The condos that sold took longer …

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New Property Assessment Rules – What’s Changed?

by Maggie Chandler January 20, 2009

Earlier this month, BC Assessment (BCA) sent property assessment notices to property owners who reside within our Board’s area.
This annual process is often a confusing one for many commercial and residential property owners. Typically, there is a difference between the property value assessment on the assessment notice and the current market value as determined by …

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Featuring 27th floor condo at Pomaria,1455 Howe, Vancouver

by Maggie Chandler January 17, 2009 Downtown

I’ve just listed this exceptional home in the Pomaria, a luxury building finished in 2007, in Vancouver West – False Creek North. The home has a NW exposure and panoramic views of the False Creek waterfront and English Bay. A fine piece of Vancouver real estate.

Building amenities include central air, exercise centre, guest suite, sauna/steam …

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Wordless Wednesdays

by Maggie Chandler January 14, 2009 Wordless Wednesdays

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Vancouver Real Estate Average Price Graph

by Maggie Chandler January 13, 2009

The top line shows the average price of houses. The middle line is townhomes and the bottom is condos.

According to the REBGV, sales decreased by 35% in 2008, versus 2007 and prices are down 15.9% for houses and 14.5% for condos and 11.6% for townhomes, from May 2008.

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Vancouver Real Estate Market Analysis December 2008

by Maggie Chandler January 12, 2009

The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 to $648,421 by December 2008.

The Real Estate …

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Date of Final Acceptance on Contract of Purchase and Sale

by Maggie Chandler January 8, 2009 Common Questions

Contracts of Purchase and Sale often contain a clause that the deposit is due within a certain time after acceptance of the contract. Therefore, the final acceptance date becomes important as to when the deposit is due for deposit in the brokerage’s trust account.

WHEN THE OFFER IS INITIALLY MADE BY BUYER it’ll be open for …

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Wordless Wednesdays

by Maggie Chandler January 7, 2009 Wordless Wednesdays

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Property Transfer Tax

by Maggie Chandler January 6, 2009

British Columbia’s property transfer tax is a land registration tax payable when an application is made at any Land Title Office in BC to register changes to a certificate title. Introduced in 1996.

If you are a first time buyer you may be eligible for an exemption from the property transfer tax if the fair market …

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Bill Reid -Master of Haida Art

by Maggie Chandler January 3, 2009

Bill Reid (1920-1998) the renowned Master of Haida Art is being featured at Vancouver’s newest public art gallery, devoted to Northwest Coastal Art, at 639 Hornby Street.

His monumental works, his gold and silver jewellery, many on display for the first time. Find distinctive gifts in the Kil Sli Native Gift Shop

Highlights of the exhibition include:

Bill …

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