The numbers are finally out on the Vancouver Empty Homes Tax and they are underwhelming, in my opinion. As expected, the city of Vancouver has brought in far less money than they originally promised. Turns out there were far fewer empty homes that what they thought. Even worse, after you deduct the cost of implementing and maintaining the program the total amount collected so far is only 7 million dollars. Has it boosted rental supply...NO. Has it brought down condo prices.. NOT YET. Interest rate hikes and more mortgage tightening will be the cause of that. In other words this new empty homes tax is exactly what I said it was 8 months ago when it was first introduced. A Giant Tax Grab!

I just finished uploading this Condo for sale, 302 8820 NO 1 ROAD, Richmond, BCTop floor, south facing 2 bedroom, 2 bathroom apartment in popular Apple Greene Park. 930 sq.ft, plus 100 sq.ft. of sunny, open balcony. Lots of storage space plus a locker on the same floor. Great recreation facilities with indoor/outdoor swimming pools, lounges, sauna and more. Ideal location with Seafair Shopping Centre across the street. Near all levels of schools and transit. Tremendous Value in this West Richmond Apartment! Open House Sat & Sun, June 2 & 3, from 2-4PM

We are proud to announce that this May 26th, 2:00 PM to 4:00 PM we will be hosting an Open House at 306 3228 TUPPER STREET in the Cambie neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful Cambie.Please come with any questions you may have. In the meantime you can take a virtual tour of this Cambie Condo 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

The Vancouver condo market continues to remain in a strong Sellers Market with prices still rising in the under $900K price category. Most 1 bedroom units are selling over asking with multiple offers. The higher you move up the price ladder the more it balances out but in most cases still favours the seller. Condo inventory remains near record lows and that’s what’s keeping the prices rising slowly or holding firm in the face of slower sales. Remember sales to active listings is the only stat that matters and we are running at well over 60% on that metric (anything over 20% is considered a sellers market. The starter detached market remains balanced on the under 1.5 million starter homes with prices off about 5 to 10% from their peak ...

I just finished uploading this Condo for sale, 306 3228 TUPPER STREET, Vancouver West, BC“The Olive" developed by award winning Cressey in the highly sought after Cambie Village area features solid CONCRETE construction. This 1 bedroom unit with parking, has gorgeous North Shore mountain views. Features include: gourmet kitchen equipped with SS appliances, gas cooktop, built in wall oven & microwave, granite countertops, hardwood floors, built-in wine fridge, fireplace and in-suite laundry. RENTAL & PET FRIENDLY building. Close to Canada Line, Downtown, Douglas Park, Park Theatre Schools, Restaurants & Shopping. A must see! Perfect for investment or just move in! Well managed, proactive Strata. Low Maint Fee ($282.23). Healthy CRF! O ...

Time for another one of my motivational messages on the importance of a long term holding period when investing in Real Estate and stocks. Buying and holding quality assets like Vancouver Real Estate and high quality dividend paying equities is guaranteed to produce incredible returns. Focusing on the passive income your portfolio produces as opposed to the day to day price will help you stay the course.

The numbers don’t lie. In the past several months we have had a number of reports that have pegged the number of Foreign buyers in Vancouver at around 5 to 6% . The Vancouver Real Estate board added a citizenship declaration to all purchase and sale contracts over a year ago so these numbers are being tracked closely. The vast majority of the Chinese buyers in Vancouver either have their full Canadian citizenship or their PRS. Now that the NDP has increased the FBT to 20 % I’m going to predict that the next set of numbers will be under 3%.

We are proud to announce that this May 12th, 2:00 PM to 4:00 PM we will be hosting an Open House at 1272 W 7TH 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, 1272 W 7TH AVENUE, Vancouver West, BCExceptional location in Fairview Slopes on a quiet tree lined street. A one-level open concept plan ensures no wasted space. Large windows lead to your own well sized private patio to enjoy the street & complex landscaping. Home has fresh paint, laminate floors, newer carpet in the master bedroom & in-suite laundry. Secured parking garage with your own spot directly accessing your unit through a back door,. Bonus- additional storage in front of your parking spot. Partial rain screen (2015) incl: windows, siding, balconies, awnings & paint. 97 Walk Score! Close to restaurants, parks, shopping, transit & schools. Open House Sat & Sun, 2-4pm ...

We're now into our most active time of the year for Real Estate sales in Vancouver. If you're thinking about selling your home this Spring or Summer, I want to remind you about how critical it is to select your Realtor wisely. Do your homework, interview at least 2 for the job and above all else make sure you hire an experienced listing and marketing pro. Especially in this current market where condos are selling over asking price and receiving multiple offers. <p>I also want to tell sellers for about the 5th time in the past 4 years to stop the madness! DO NOT sell your condo with your tenant still living in the unit. There are many ways we can legally and easily have your tenancy terminated before you sell and net you a much higher ...