While the detached homes and higher-end 2 bedroom condo market is showing signs of cooling, the 1 bedroom market continues to be white hot. Any decent 1 bedroom condo in Vancouver is still getting into multiple offers and selling well above asking price in most cases. Is this normal.. no. Will it continue forever.. no. Buyers need to be careful and make sure they have at least a 8 to 10 year holding period.

Wanted to share an interesting story published in the Vancouver Sun about a West End unit assembly and what can happen when the last few holdouts can get greedy. This same situation is currently playing out with several land assemblies in East Vancouver.

A final follow up on the new taxes announced by the NDP last month to try and cool the Vancouver housing market. Why the speculation tax is more than likely going to be revised with BC tax payers getting an exemption as well as cities like Kelowna and Victoria. I also discuss how the Vancouver Empty homes tax has had zero effect on cooling the Vancouver market.

We're just about to enter our busy Spring selling season.. so every year I have to do a video on the 2 biggest mistakes I see sellers make and how it’s costing them ten’s of thousands of dollars in their final selling price. Those 2 mistakes are: 1. Selling a property too soon and not giving it at least 7 or 8 days on market before looking at offers 2. Selling a property with an existing tenancy agreement in place.

There are hundreds a good reasons to buy and own your own home but there are also lots of good reasons to want to sell. In this video I will give you some of the situations why a person might want to sell a home or investment unit.  

In the past month I have been inundated with emails from developers offering commission bonuses if you bring a buyer. These bonuses range from $10,000 to $50,000 paid on top of the standard commissions for each sale.

have always advocated the advantages of simply buying and holding your principal residence. Taking advantage of the principal residence exemption and enjoying the home. After all, you need shelter and owning your home certainly beats renting in a city like Vancouver. However in this unprecedented sellers market with record setting condo prices, bidding wars and ultra low inventory - buyers need to be careful. Every week on the MLS i’m seeing condo units sell at what I believe to be overpriced levels. That doesn’t mean we should throw the baby out with the bathwater. I still see units selling every week at what I feel are a good value. It’s a crazy market these days and we are overdue for a correction. That’s why today's buyers must b ...

Success is an inside job! Time for one of my reality check / motivational videos on the importance of taking control of the things you have control over (working hard, making money and saving money) and limiting your focus on the things you can’t control. Stop complaining... the Government is not going to help you buy that Yaletown condo. You're going to have to work for it. That’s just the way life works and the sooner you realize this and start tuning out the 'misery loves company' crowd the better off you will be.

The new speculation tax in many ways is a vacation home tax that will effect 1000's of BC home owners. This is one of the main problems when you start carpet bombing new taxes. To hit the intended target -Speculators who are buying homes leaving them empty and parking money. You hit people who own vacation homes and who have owned these homes for decades in many cases. They are not speculators or parking money yet they are now required to pay 10's of thousands in new taxes.

In this blog I’m going to talk more about the new speculation tax and how it’s going to do very little to address the real problem in the Vancouver housing market. That real problem is billions of untaxed dollars entering the housing market and the abuse of the principal residence exemption. I will also ( for about the 10th time ) give you my suggestions on what needs to be done to at least help level the playing field. By that I mean having these buyers contribute their fair share to the Federal and Provincial tax coffers.