Here we go! My much anticipated market predictions for 2016. Every year in Jan or Feb I give you my opinion on where I see the market heading for the year. The price of Vancouver homes continues to rise each month. We are well into record setting prices for pretty much everything from detached to condos. I would say just in the last 6 to 8 weeks the price of a detached home in Vancouver has gone up over $100,000. The question I get from people is, will this hot market ever end?  The answer is yes, but we will need some sort of catalyst to trigger a correction. I see 3 possible ones out there: 1. An increase in interest rates 2. A major increase in inventory ( # of home available for sale) 3. Some new restrictive tax introduced by the ...

There are currently 2 distinct pricing strategies playing out in the ultra hot seller’s market in Vancouver and Richmond. Some sellers are using the “Price it low & watch it grow” strategy. This is where they price a home well below market value in order to stimulate a ton of offers on the home. The result is the house will end up selling 100’s of thousands over asking. The other strategy is the more traditional way where you price a home fairly close to what you think is market value. In this blog I will explain the pros and cons to both strategies and some of the dangers in using a price it low strategy.  

I just finished uploading this House for sale, 394 28TH AVENUE, Vancouver East, BCHold or build now with this prime main street location just steps from shopping, restaurants and coffee shops. General Brock Elementary and Charles Tupper Secondary catchments. Measurements are approximate and should be verified if important. 1st showings Wednesday February 17th.

I just finished uploading this Townhouse for sale, 146 3031 WILLIAMS ROAD, Richmond, BCEND UNIT, 2 level townhome in desirable EDGEWATER PARK has so much to offer. Parking for 2 cars in the driveway, newer kitchen, high efficiency furnace, on demand hot water tank, new windows, h/w flooring, paint, new powder room and a stunning spa-like main bath complete with a soaker tub and stand alone shower. The home is bright with extra side windows for maximum light and is in pristine condition. There is nothing to do but move in and enjoy. Very well maintained complex with newer roofs, outdoor pool for your summer enjoyment, recreation centre, playground and steps to the west dyke. Water is included in the maintenance fee. Townhome living at i ...

I just finished uploading this Condo for sale, 304 138 1ST AVENUE, Vancouver West, BCWelcome to the Wall Centre! This is the dream apartment for pet owners & sun lovers! Rare find to have over 740 sq ft of usable space for under 500k in Olympic Village! Step into your corner suite home and enjoy all the natural light from the floor to ceiling windows & RARE 220 sq ft private outdoor deck! This unit has restaurant quality VIKING 5 burner gas stove along with gourmet stainless steel appliances & granite counter tops! Building amenities include TWO guest suites, communal garden, multiple gyms & ample visitor parking! Prime location close to restaurants, cafes, seawall, & Canada Line! Must see it to appreciate it! This unit is included wit ...

I continue to see older Strata units with excessively high monthly maintenance (Strata Fees). Some are in the $700 a month range to boost their Contingency Reserve fund (CRF). I can understand these Strata Corps wanting to get more money into their Contingency reserve funds to help cover the costs of major repairs and upgrades moving forward but boosting your monthly maintenance that high is not the way to go. If a buyer is using a high ratio mortgage to purchase (less than 20% downpayment), which most buyers in this price range will be doing, it can become very difficult to get a mortgage approved for a property where the monthly maintenance is as much as the monthly mortgage payment. This can result in a lot of downward pressure on ...

I just finished uploading this House for sale, 9846 WALLER COURT, Richmond, BCExtensively updated 4 bdrm and games executive home on a quiet cul-de-sac in desirable 'Boyd Park' area. This 2,885 sq ft beauty has a warm, contemporary flare throughout and features a bright modern kitchen with caesar stone countertops, high end fixtures and S/S appliances. Gorgeous white oak engineered hardwood flooring in entry, living and dining areas with newer berber style carpets up. Bathrooms have all been updated to high standards and attention to detail is evident throughout this meticulous home. Open Sat/Sun 2-4 PM, don't miss this one, it won't last long!

I just finished uploading this Condo for sale, 313 3451 SPRINGFIELD DRIVE, Richmond, BCOutstanding Opportunity!!! FULLY RAINSCREENED BUILDING with New Double Glazed Windows, New Balconies and New Elevators with Warranty ... Must see this delightful 2bedroom 2bath, approx 960sqft, End Unit Penthouse (Top Floor) steps to Steveston Village. Turn-key and ready to move in with charming updates that include: designer paint colors, durable laminate flooring thru-out, updated Kitchen Cabinets with Chic Laminate Countertops, both bathrooms tastefully updated with classic tile work and new vanities.Fantastic features include:10 foot ceilings in the living room, massive walk-in closets in both bedrooms, storage locker and heat included. Enjoy you ...

I just finished uploading this Townhouse for sale, TH2 1329 CONTINENTAL STREET, Vancouver West, BCMADDOX - By Cressey at the heart of Vancouver. Spacious & open layout with overheight ceilings. Beautiful wrap around kitchen with lots of storage space/ flex room. All top quality appliances with luxurious finishes including Armony Cucine Cabinets. Air conditioning, 24 hrs concierge service, fitness & steam rooms, private balcony, walking distance to restaurants, transportation, Granville Island & the Downtown Entertainment district. Don't miss this great opportunity to move in or investment. A pleasure to show! Motivated seller, try your offer.

I just finished uploading this Townhouse for sale, 37 4700 FRANCIS ROAD, Richmond, BCPARKSVILLE ESTATES. This is a beauty! Lovely townhome ... owned by the same owners for 30 yrs. 3 bdrm- 2 baths. Well situated in the complex, end unit- North & South facing (south rear yard), with a private fenced yard. Tasteful & complete renovations have just been finished ... which include, the flooring, moldings, paint, new kitchen quartz counters & cabinet doors, appliances, bathroom vanities & toilets, all doors & casings, lighting & blinds. Fabulous location-close to schools, shopping & recreation. Not to be missed! First showings- Thurs, Feb 4 5-6:30pm. Open House- Sat/Sun Feb 6-7 1-3pm.