The BC NDP just announced that they plan to introduce legislation in the spring of 2022 with the aim of giving homebuyers a chance to change their minds on the purchase of a home. A so-called "cooling-off period" would allow purchasers to back out with no or diminished legal consequences. Personally I feel this is a very poorly thought out piece of legislation that will have many unintended consequences and put sellers at an unfair advantage.

The easiest way to boost your returns is to increase your holding period. I get many viewers who request I debate some of the Vancouver Real Estate pessimists and bears. I always tell them No Chance! Why would I debate or challenge someone on their short term predictions of where the Vancouver Real Estate market or the stock markets are headed. I have no clue what these markets will do over the next month ..6 months or several years. Instead I focus on the long term. 10-15 25 years. I know that buying quality assets and holding them for long periods of time will always result in a fantastic return.

A few weeks ago US based Real Estate company Zillow, announced they are getting out of the house buying and flipping business because of massive losses. This goes to show how difficult it is to predict where markets and prices will go in the short term. In Vancouver, our high friction costs on buying and selling makes it even more difficult. Yes there are some full time experience pros still out there, that in the right market can buy a home do a renovation and make a bit of money. But for most people I suggest you avoid the temptation of flipping.

I just finished uploading this Apartment/Condo for sale, 305 1028 BARCLAY STREET, Vancouver West, BCWelcome to the impeccably built and managed Patina by Concert Properties, located in the highly desirable West End neighbourhood of Downtown Vancouver. This well cared for 1 Bed plus Den, & Solarium (can be used as dining room, office or extra bed), offers 664 sqft of luxurious living complete with new flooring, floor to ceiling windows, AIR CONDITIONING, Gourmet Kitchen with soft close cabinets, Granite countertops, MIELE & Liebherr appliances, and in-suite laundry. A perfect home or investment unit! Enjoy great AMENITIES such as dedicated car wash bay, roof garden, fully equipped gym, lounge & bike rooms. Includes 1 PARKING. Friendly & ...

The active sales to listing ratio remains in a strong Sellers' Market especially in the townhouse and condo market. Sales are up over Oct 2020 and up substantially over our 10 year average. These strong sale numbers would be even higher if we had more inventory to sell. The townhouse market remains the strongest I have ever seen, with bidding wars on any good ones that get listed.

In this video I’m going to list 7 of the common traits that all millionaires possess. I can attest to the fact that all these traits are 100% accurate because i have been using them myself over the past 35 years. I would try and emulate as many of these traits as you can and look at them as a roadmap to financial success.

I just finished uploading this Apartment/Condo for sale, 711 1325 ROLSTON STREET, Vancouver West, BCTHE ROLSTON is located in the heart of Downtown Vancouver, close to both Yaletown & The Beach District. This 1 bed/1bath unit has a very functional floor plan & includes a LARGE SOUTH FACING 150 sq ft balcony! Beautiful kitchen w/quartz stone countertops, high gloss cabinets w/soft close, glass tile backsplash, S/S appliances, laminate floor & EXTENSIVE STORAGE in-suite w/custom closet organizers in the flex space, closet & entry hall. NEST Heating System. 1 PARKING & bicycle storage. Conveniently located near endless options for dining, entertainment & shopping. Close to Seawall & easy access to transit. Amenities incl: Rooftop terraces ...

Going to address several viewer questions in this video. Including the importance of diversification between Real Estate and Equities, living off passive income flows, and bullet proofing your retirement.

Last month I discussed condo unit assemblies and strata wind-ups. In this video I’m going to talk about land assemblies in Vancouver and the importance of hiring a Commercial Realtor to get maximum exposure and selling price.