Housing for sale is at record low levels in Vancouver. Most condos are getting multiple offers and selling at close to full ask or above. This is why, for the first time in over 7 years, I am starting to look at Vancouver pre-construction condos again. 

A number of people have asked me about a new development planned for 902 Davie Street in Vancouver. This is going to be a new 30 floor tower containing several hundred micro condos ranging in size from 175 to 275 sq ft. With the price of a 550 sq ft 1 bedroom well into the $400K range I see these micro condos being very popular with young first time buyers and investors. Millennials today want to live in the city. They want to be able to walk to work and entertainment and prefer newer modern units. Many are giving up the car and are walking or riding their bikes to get around. I see these micro units being priced in the sweet spot that’s affordable to these young first time buyers.   

If you’re planning to convert your current principal residence into an investment property by renting it out to a tenant, it’s important to adjust your cost base and have it fully documented when you move out. It’s all part of the service that I offer to all my clients. I will provide you with a detail market analysis based on comps in your building and neighbourhood as well as a written assessment of the current market value. Down the road, if you decide to sell this unit you’re going to need documents that will prove to the CRA, the adjusted cost base of the property on the date you moved out and turned it into a rental.

I just finished uploading this Condo for sale, 605 1155 HOMER STREET, Vancouver West, BCCitycrest , in the heart of Yaletown. A great opportunity to own a bright and spacious 2 bed/2bath +den home. Great layout, hardwood floors,new custom roll up blinds, functional kitchen with corian countertops and stainless steel appliances, spa inspired baths with top of the line fixtures and shower heads. The floor to ceiling windows bring in oodles of light and the view is great. There is a fitness centre, party room, resident manager and courtyards. 1 parking and 1 storage. call for your private showing. Open house Sat ,Dec 5th , 2-4pm , Sun Dec 6, 2-4pm

I just finished uploading this House for sale, 9740 SEAGRAVE ROAD, Richmond, BC7040 Sq. Ft. flat lot with back lane, no trees with back lane no ditch in front. Well cared for with some updating. Double attached garage with extra parking for RV or 4 extra cars. 1000 Sq. Ft. 1st class auto mechanical workshop with hoist. Seller would like to rent back on a month to month bases. Open house Saturday, Dec 5, 2-4pm.

I often get sellers telling me they’re thinking about doing a full renovation to their unit before selling. In this video I will go through a couple of situations I recently had where doing renovations made sense and another where the seller might have been better off simply painting, cleaning and decluttering the unit to achieve the maximum net selling price.