As I have been blogging about the last 4 months we are seeing a divergence in prices between condos and detached homes right now in the Greater Vancouver area. Downtown Vancouver condos, especially units priced under 1 million, continue to be at or near record setting prices, while detached homes are well off their highs from Spring 2016. I’m starting to see many younger and middle aged buyers moving away from the dream of owning a detached home in the suburbs and instead buying a condo in the downtown core and being more attracted to the lifestyle as opposed to the space and sq footage of a detached home. It will be interesting to see how this trend plays out over the next 5 to 10 years.

We are proud to announce that this Jan 27th, 2:00 PM to 4:00 PM we will be hosting an Open House at 21 628 W 6TH AVENUE in the Fairview VW neighborhood, Vancouver West. This is an opportunity to visit this excellent Townhouse for sale in beautiful Fairview VW.Please come with any questions you may have. In the meantime you can take a virtual tour of this Fairview VW Townhouse for sale.As always please do not hesitate to give me a call at 604 889-1118 if I can answer any questions before the open house, or if you would like to book a private showing.Owen BiglandMacdonald Westmar

I just finished uploading this Townhouse for sale, 21 628 W 6TH AVENUE, Vancouver West, BCQUIET & BRIGHT! This immaculate CORNER townhome, facing the quiet inner courtyard and away from 6th Ave traffic, is one of the best spots in the complex. The main floor has hardwood flooring, crown moldings, powder bath, large pantry & balcony for BBQ. Kitchen features gas stove, tile floors & granite counters. There are 2 well sized & separated bedrooms upstairs with recent new flooring. Each bedroom has it's own full 4 piece ensuite and a quiet balcony is off 2nd bdrm. Includes: Insuite laundry, 1 parking & 1 large locker. Provides a great lifestyle where you can enjoy the neighbourhood with a fantastic 94 on Walkscore, a very family friendly ...

In this blog I forecast what I see playing out for the Vancouver condo and detached market in 2018. What effect will the new mortgage stress test have on demand as well as what’s in the cards with the NDP housing strategy due in February 2018.

Part 2 on my recent trip to NYC and the investment conference I attended. Another one of the key takeaways was the power of simply buying and holding quality assets and the fact that good things happen when you're in the market and simply stay in the market for long periods of time. From an equity standpoint some of the good things that happen to me on a regular basis are: Quarterly dividend payments Dividend increases Stock splits Stock buybacks Mergers and acquisitions, and Regular quarterly earning beats In Real Estate it’s things like: Monthly rent checks from my tenants Rent increases Land assemblies Re-zoning Strata buyouts and Overall long term appreciation on the properties I hold. I like to call it getting rich slowly ...

Sometimes I feel people take for granted how good we have it living in a city like Vancouver and the quality of life we enjoy here. Sure it’s expensive but I don’t know of any city in Vancouver's league that is cheap! You get what you pay for... Clean air and water, incredible mountain views, amenities at your doorstep, Stanley Park, the Seawall, mild winters, warm dry Summers, world class restaurants and outdoor sports. I could go on and on. The bottom line is if you want to live in one of the best cities in the world don’t expect Real Estate prices to ever be cheap. Vancouver has been discovered by the world and I only see that popularity growing over the coming decades.

I just finished uploading this Condo for sale, 253 ALEXANDER STREET, Vancouver East, BCA very special property in a unique complex. Flexibility, 253 Alexander is zoned live-work (CD-1, comprehensive development). Run business or studio here using street front access. The 'Edge' has an array of specialty rooms in the Courtyard Amenities Building. A gym, metal or wood shop, photography, music, ceramics or multipurpose studio are yours to exercise creative juices. Or relax on rooftop patio. Close to transit and shopping, WalkScore 95; TransitScore 97! Steps from Gastown, the rapidly evolving neighborhood, cross Main Street bridge to the harbor and Crab Park, Minutes to Chinatown and Dr. Sun Yat-Sen Chinese Garden, & on to Rogers Arena ...

In this blog I'm going to give you a late Christmas gift by discussing some of the mistakes I have made over the past 27 years as a Vancouver Real Estate investor. I’m under the belief that if you're not making mistakes you're not working hard enough. The key is that you learn from your mistakes. Here I hope you can learn from some of mine. Happy New Year!