Inventory on good quality Vancouver condos as well as entry level detached homes remains low. What I’m finding is that unless the seller has a gun to their head and needs to sell fast, they are staying patient. Perhaps they are doing a few small reductions and if that doesn't work they are taking it off the market and waiting for a better time. Keep in mind that most Vancouver home owners are well covered financially, they have bought using high down-payments and many have a relatively low debt to value ratio...

People look for the quick and easy way to creating wealth, but what most don’t realize is the chances of that happening are almost zero. You might get lucky for a few years and create some nice gains but eventually it will all come crashing down. Instead you should take the advice of some of the worlds greatest investors. Index invest via low cost index funds ( ETF’s) or perhaps buy and hold high quality dividend aristocrats. Keep your commissions and friction costs low and stick with the program thru good years and bad.

Update: Our useless Mayor I elude to at the beginning has now been removed. Hopefully our new Mayor will take a look at these micro units and start approving them for Downtown Vancouver soon. I’m a big fan of these 200-300sq ft micro units. The design and finishings are fantastic and they provide an excellent entry price point for first time buyers.

The NDP wants to remove rental restrictions on older condos saying that it will open up more homes for renters. At the same press conference, Mr. Eby intends to introduce a flipping tax (I did a video on this 2 weeks ago). Saying that young families and 1st-time buyers are getting outbid by flippers. By removing the rental restrictions he is taking away the one advantage young families and 1st-time buyers had on these units. Now investors will also be able to buy these units, this will cause the price of these homes to rise sharply and in many cases, the families and 1st-time buyers will be outbid by the much stronger investor buyer. In other words it will do the reverse of what the NDP is claiming it will.

A new set of detailed statistics was just released from statistics Canada on home ownership in this country. It’s no surprise that home ownership continues to decline. We are now at 66.5% of Canadians who own their own home. Down from 69% in 2011. I would say this number is even lower in Greater Vancouver and the trend will continue as more and more people are unable to get into home ownership and will become lifetime renters.

I just finished uploading this Apartment/Condo for sale, 321 321 1238 SEYMOUR STREET, Vancouver West, BCWelcome to The Space. This gorgeous 2 level Loft home features an incredibly open floor plan, floor to ceiling windows, updated design features, plenty of storage space and a walk in closet. Kitchen has been updated with quartz countertops and newer appliances. Eastern exposure and quiet location in the building. Enjoy the spacious outdoor rooftop deck, well equipped gym and media room, plus plenty of bike storage in the building. Conveniently located just steps away from Yaletown and the Seawall, plus everyday conveniences and activities. The unit comes with one extra large parking space. Showings by appointment.

I just sold this Apartment/Condo at 1106 120 MILROSS AVENUE, Vancouver East, BC Downtown VE.View this recently sold Apartment/Condo or see all my home sales

I just finished uploading this House/Single Family for sale, 1689 W 29TH AVENUE, Vancouver West, BCDesirable South facing home with over 11,000 sq ft level lot in Shaughnessy. 6,885 sq ft of living area offers comfortable living, dining and family rooms, 7 bedrooms (4 up, 1 on main 2 downstairs) plus den, gym, media & rec room. High ceiling grand foyer & irreplaceable layout throughout. Spacious 4 car garage & wrap around secured yard. Beautiful tree lined streets. Walking distance to Shaughnessy Elementary, Little Flower & York House School. Mint move in condition and proud to show. Must see to appreciate. Open House Sat Sep 24, Sunday Sep 25 2-4 PM

I just finished uploading this Apartment/Condo for sale, 707 707 6351 BUSWELL STREET, Richmond, BCWelcome to EMPORIO by award winning Concert Properties. Located in the heart of Richmond @ Brighouse, and set on a quiet residential street. Bright and spacious 750 sqft of living space with large 1 bdrm & den (can be 2nd bdrm). West facing with large covered balcony. Granite countertops, gas cooktop, S/S appliances, In-suite laundry. Amenities include: fitness studio, amazing club house, garden/green space. Includes 1 Parking & 1 Storage Locker. Conveniently located in walking distance to Canada Line, Richmond Centre, shops, restaurants & public market. Fantastic investment unit or principal residence. RENTALS and PETS welcome! Have your ...

I just finished uploading this Apartment/Condo for sale, 3501 3501 777 RICHARDS STREET, Vancouver West, BCBright CORNER unit with magnificent views in the highly sought after TELUS GARDEN. Located in the heart of Downtown Vancouver, this home provides a spacious living area, 2 bedroom, 2 bathroom with flex space, and a gourmet kitchen with Miele appliances. AIR-CONDITIONING and a 193sqft wrap around balcony for those SOUTH WEST breathtaking views makes this a truly enjoyable home! Beautiful hardwood floors, floor to ceiling windows, marble flooring in bathrooms, and bedrooms at opposite ends. Includes one extra LARGE EV PARKING stall. Pet & Rental Friendly building with state of the art AMENITIES, 24-hour concierge, outdoor pool, exerc ...