The current status of the Downtown Vancouver condo market is quite segregated and really is a tale of two markets. Quality 1 and 2 bedroom units in good well run strata’s and in good locations are still in a sellers market. Inventory is extremely limited and prices are at or near all time highs. I’m also seeing new luxury units selling for well over $1600 to over $2000 a sq.ft. On the other side of the market.. run of the mill units in less desirable locations or older strata’s that might have maintenance issues, are starting to reduce prices and are starting to fall into a more balanced market. One area where I am starting to see good value is in the junior 1 bedroom and studio units in higher end luxury buildings. The rental market ...

Buying and holding quality Vancouver Real Estate and large cap dividend growing equities is the only real advantage most investors have. Forget about timing markets..the taxes and friction costs will kill any capital gains you might be lucky enough to achieve. Instead, buy, hold and focus on the things you have control over.

The detached market has been incredibly strong over the past 5 months. Easily outpacing the condo market. There are many many advantages to detached living if you have the 1.5 to 2.5 million dollars to buy one. Keep in mind there are also many advantages to Vancouver condo living provided you buy the right home in a quality well run strata. In this blog I’m going to discuss all the pros and cons to strata vs detached living.

The latest market statistics were just released from the Greater Vancouver Real Estate board. The overall market continues to be strong with condos, townhomes and detached homes all firmly in a sellers market. That said some homes and condos are not selling and have been languishing on the market. In this blog i will talk about the main reasons why some homes are not getting offers and selling. I also discuss the current status of the land assembly market.

I have done at least 15 blogs on this topic over the past decade so please go back and watch some of my more detailed videos on why Vancouver home prices are so high and why they will remain high compared to other parts of the country. I continue to see people blame our high prices on money laundering, speculation and foreign buyers. Here are the real reasons. 1. Equity Driven Market. These are home owners who have been in the market for 10-15-20+ years and have ridden the market up. 2. Vancouver Is An Aspirational City. Unlike Edmonton, in Vancouver you are competing against buyers from other parts of Canada, N. America and the world. 3. Vancouver is Becoming a Major N. American Tech Hub. With high paying computer engineering salari ...

Technology and the internet have been fantastic tools and resources for information. However I’m starting to see people confuse Real Estate with stocks and start to over analyze all the stats packages, analysis reports and predictions. It can keep people permanently frozen on the sidelines and missing fantastic long term opportunities.

A quick recap on where the market is currently at. The flight to detached and the huge spike in prices we have seen over the past 3 months. Also discuss the Downtown Vancouver condo market and the current downtown office market during Covid.

As discussed at great length in my book "Along For The Ride", here are the steps to achieving financial security and creating a substantial retirement: 1. Buy your principal residence. Take advantage of the principal residence exemption and the leverage at 2% interest rates. 2. Max out you RRSP & TFSA. I recommend a diversified portfolio of low cost ETF’s 3. Buy investment Real Estate. Put tenants in and rent them out for long periods of time. One again, take advantage of the leverage and record low interest rates. It’s a tangible and tax preferred asset that will provide steady long term capital gains while your tenants pay for most, if not all of your holding costs.

Many people have been caught off guard by the recent surge in both Vancouver real estate sales and prices especially in the detached market coming out of the Covid lockdown. Last week I attended our annual Macdonald Realty Conference and this year was dedicated to the reasons why our market has been so strong while so many other sectors of the economy have been badly damaged. The 4 main reasons i will discuss are: 1. The world is awash in liquidity and how 80% of the job loss occurred at the bottom end of the income scale. 2. Changing consumer preferences. Working from home. 3. Flight to quality. An exodus from high-income, low-quality of life areas to high quality-of-life areas 4. Stable is the new sexy

I just finished uploading this House/Single Family for sale, 10973 130A STREET, North Surrey, BCA fantastic home with Mid-Century/Scandinavian design located in a quiet family neighbourhood close to shops & restaurants at Central City. This 5 bed, 2.5 bath, 2,860 sf. home on an extra large 8,705 sf. flat lot has newer updates incl: roof, furnace & hot water tank. The spacious & bright living area has a beautiful cathedral ceiling & wood burning fireplace. The lower level has a large 2 bed/1 bath mortgage helper. This is a great liveable home & excellent investment to LIVE, HOLD, or BUILD your new dream home! Only 10 min walk to Gateway Station, short walk to school catchments of KB Woodward Elementary School & Kwantlen Park Secondary. ...