Vancouver is an expensive and difficult real estate market to buy in but it can be done. You're going to have to work hard and make sacrifices if you want to own your own home. I still see people pointing fingers and making excuses as to why they can’t afford a home. In this blog i’m going to give you the cold hard truth on what it’s going to take.

It remains a tale of two markets with condos and townhouses remaining in a balanced market overall. However, if you break it down further to the 1 bedroom and 2 bedroom market priced under $900K it still favours sellers. The story moving forward is the lack of quality listings. Lots of overpriced units and dogs for sale right now but quality condos in good locations and good strata's are still in limited supply. The luxury detached market and to some extent the luxury condo market remain sluggish and favouring buyers.

In this blog I’m going to walk you thru some of the signs that the strata corp you're buying into is well run and is pro-active.

People love to make things way more complicated than they need to be. When it comes to creating wealth or early retirement there is one surefire 100% guaranteed way to success. Buy quality assets that will appreciate like Vancouver Real Estate and low fee index funds and to simply hold them for long periods of time. Don’t trade in and out especially with Real Estate which is extremely expensive to buy and sell. Don’t follow the news or read market statistics or predictions. Instead concentrate on the things you can control. Such as getting better at your career, making more money, saving more money and improving in other facets of your life like your health and spending time with your family and friends.

At a recent developers conference held in Vancouver one of the main trends they saw moving forward was efficiency and how many people living in large single family homes these days are over-housed.

Another quick motivational blog on the value of simply buying quality assets like Vancouver Real Estate and large cap dividend paying equities and simply keeping and holding them for long periods of time. It’s such a simple concept, yet I see so many people continue to fail miserably at it. I also discuss the importance of a positive attitude and how life is like a mirror reflecting back the type of attitude you put out.

In this blog I will give you an update on the current situation with money laundering in BC and how several new reports are questioning how they arrived at the 6-7 billion dollar figure and if that really had any impact on our several hundred billion dollar market real estate market in BC. Also an update on Revenue Canada cracking down on condo assignment flippers.

There have been a number of Real Estate conferences held in Vancouver this Spring. Most have brought in economists to give their forecasts where they see Vancouver Real Estate prices going over the next few decades. Recently a number of economists have said that Vancouver prices could easily double over the next 18 to 23 years and that may be on the conservative side when you consider our lack of buildable land, taxes and development red tape. The bottom line is Vancouver has become an ultra desirable place for people to live and we’re simply not building enough housing to keep up.

It continues to be a tale of two markets. According to the latest stats put out by the Vancouver Real Estate Board, detached homes remain in the low end of a Balanced Market with the luxury market being even slower and well into a buyers market. Condos and townhouses overall are in the high end of a balanced market with units priced under $1 million being in the low end of a seller market. Overall I would call this Spring 2019 Real estate market healthy and balanced with good homes selling in under 15 days at just under their full asking price.

The NDP Government has painted themselves into a corner with their new BC speculation tax. Currently there are 1000’s of units that are not being occupied more than 6 months out of the year by the owner. However, because of rental restrictions by their strata they are not able to rent the unit out. For now they are exempt from the tax but that might be changing. Currently the NDP is looking into changing the strata property act and removing rental restrictions on all buildings in the lower mainland. I also discuss the City of Vancouver giving a small reduction in taxes to commercial property owners but passing that onto the residential owners. Finally I talk about our new Vancouver Real Estate Board president and her commentary on th ...