I can't stress this more and whenever I work with a new client I always make sure that they understand.  Any real estate purchase should have at least a 7-10 year horizon. More... much more if possible. I’m not a fortune teller, I'm a Realtor, no one can tell you what the price of Vancouver RE is going to do in the short term (1-5 years) but I can tell you that RE when properly purchased ...

This is a prime example of what I have been saying for years. The Royal Bank has done a 180 degree turn. That housing bubble they were calling for in Toronto just last month is off the board. Now everything looks fine and Toronto buyers should have no problem absorbing that entire new condo inventory coming on line in the next few years. Don't worry the report on Vancouver is on the way t ...

I just finished uploading this House for sale, 10855 SPRINGMONT Gate, Richmond, British Columbia

Beautifully design renovated family house on Steveston North. Including new kitchen with Kitchen Aid stainless appliances, granite countertops and island, new baths room & double glazed vinyl windows, designer colour scheme, hardwood and laminate floors throughout. New high efficiency furnace and ...

I'm starting to see bonus commissions being offered again by developers on some of their pre-sale projects. These come and go as the market does. When the markets hot you don't see them but when the market for condos starts to slow like we’re experiencing now...Out they come! These bonus commissions are cash incentives offered to agents on top of the regular commission if they bring a buy ...

Our Finance Minister just rolled out a second phase of new mortgage changes. I don't think they are going to have much of an effect on the overall market. They are really targeted towards that first time buyer who is trying to squeeze every last penny out of his qualification in order to buy that home. The 2 main changes focus on high ratio mortgages, which are down payments that are less ...

Selling your principal residence and renting because you've been watching the doom and gloom on the news and listening to the arm chair quarterbacks who know very little about Real Estate is NOT a good idea. You're playing with fire in my opinion. Over the past 20 years that I've been involved in Real Estate, I have seen this strategy backfire most of the time. Why on earth would you spec ...

Welcome to your monthly update on Real Estate in Vancouver AUG 2012

  Luxury Market Stumbles as Asian Buyers dry up

Midway through 2012, BC's luxury market is showing signs of cooling down. Through the first 6 months of 2012, 243 homes priced at over $3 million have sold compared to 466 through the first 6 months of 2011. While this may seem like a significant drop, 2012 is st ...