Not much has changed in the past 3 months. The market is still in a wait and see mode. Inventory levels remain ultra low and for the most part, condo prices have stayed firm. what I am seeing is fewer multiple offer situations and the majority of homes selling slightly below their asking prices. In the detached market, prices are down 5 to 8% in the starter home price, and 10 to 15% for luxury detached priced over 5 million.

I just finished uploading this House for sale, 9100 GLENDOWER DRIVE, Richmond, BCNice location in the Saunders neighbourhood of Richmond for this well cared for 3bdrm bungalow. Roof 2011, Furnace 2013, H/W tank 2015. Nice big lot with about 54' frontage and 115' wide rear yard. This is a great opportunity to live in, rent and hold, or build your dream home. Excellent school catchment. K-7 Lee Elementary and Whiteside for French Immersion. Secondary is McNair. Good access to public transit and shopping at Ironwood Plaza too. Quick possession.

I just finished uploading this Condo for sale, 902 1009 HARWOOD STREET, Vancouver West, BCBright corner suite with efficient floor plan in "Modern". Located on the quiet side of the building, this "sub-penthouse" one bedroom plus flex room corner suite offers plenty of windows, a large balcony, air-cond. kitchen with S/S appliances, stone counter-top, parking stall and locker. Building amenities include full time concierge, gym, lounge and bike storage. Being only 10 minute walking radius to Sunset Beach, Canada Line/Skytrain, Pacific Centre, ferries to Granville Island, its location offers you the ultimate convenience of work, recreations and shop without having to drive.

I just posted my 200th video on Real Estate in Vancouver and my insights on how to navigate through it. Wanted to thank all my subscribers and viewers on making my video blog so popular. I enjoy doing these blogs and I’m happy to lend my experience in helping people understand how Real estate works, and more importantly the long term investors mind set that you MUST possess in order to succeed. Below are links to some of my recommended videos from the past 6 years. I would strongly urge all my viewers who are serious about learning more on investing and Real Estate to dig into my archives and watch all my videos.  Selling a Tented Propertyhttps://www.youtube.com/watch?v=dvcgS1YoydQ Location, Location, Location …The Golden Rule of R ...

Wealthy and successful people think and operate much differently form the rest of the population in a number of ways. First, they filter who they listen to and take advice from. You would never see them take advice or commentary from an anonymous blogger or pundit with little to no transparency or proven track record of success. The wealthy also possess a long term investors mind set and never a traders short term mentality. They simply buy quality assets like Real Estate and dividend paying equities, and hold them for long periods of time, regardless of current (short term) market sentiment. It’s a very simple and effective method but one that so many people try and complicate with a get rich quick, market timing, traders mentality. ...

I just finished uploading this House for sale, 6420 SHERIDAN ROAD, Richmond, BCWhy buy a townhouse when you can own this beautiful single house in Woodwards area close to Steveston London Secondary School with such attractive price. Fully fenced backyard with beautiful garden, patio & deck off kitchen/ dining area. 3 spacious bedrooms, 2 1/2 baths (include master en-suite). Good size garage + 2 parkings on driveway. New paint inside & outside, all double glazed windows, tiles & wood floorings, stone kitchen counter-top & newer appliances. No money to spend on renovation, just buy & move in.

I just finished uploading this Condo for sale, 705 250 6TH AVENUE, Vancouver East, BCWelcome to ‘The District’ in the popular Mount Pleasant neighbourhood, built by award winning developer Amacon Developments. This fantastic 1 bedroom/1 bathroom suite features an open concept floor plan, polished ceasar stone counter-tops, engineered hardwood flooring, and premium stainless steel appliances. Oversized windows provide an abundance of natural light with views of BC Place. The buildings feature a rooftop terrace that is perfect for entertaining guests for bbqs or relax next to the outdoor fireplace and enjoy the amazing panoramic views of the Vancouver skyline and Mountains. Centrally located with the convenience of restaurants, ...

According to a recent report by the European bank UBS Vancouver is one of the most overvalued Real estate markets when you look at the fundamentals of the local economy. ( local income to home prices) News flash the Vancouver market like many other cities dose not work off fundamentals . It’s an equity driven market, low interest rates and foreign capital are also involved. A link to a recent article in BC Business: http://www.bcbusiness.ca/vancouver-real-estate-has-always-been-expensive-and-we-have-proof Another recent article on Vancouver lack of supply and getting zoning for new construction: http://www.peacearchnews.com/news/395022891.html?mobile=true A link to a few of my older videos on this topic: https://www.youtube.com ...