January 2018

dysfunctional real estate market

Posted on Jan 27, 2018 in Vancouver Metro Real Estate

Photo by Jelle Harmen van Mourik on Unsplash

Richard Wozny has produced 1,200 studies for the public and private sectors on more than $100 billion worth of real estate projects.

But the Vancouver-based commercial property analyst became acutely aware of the harsh indirect consequences of Metro Vancouver’s real-estate investment boom while being treat...

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tighter lending environment?

Posted on Jan 25, 2018 in Mortgage misc

On January 17, 2018, the Bank of Canada (BOC) raised its overnight interest rate 25 basis points to 1.25 per cent citing the growing economy and rising inflationary trends.

In anticipation of this increase, the six major banks raised their posted five-year, fixed-rate mortgage rates to 5.14 per cent from 4.99 per cent.

How will this affect mortgage h...

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5 things you need to know about Canadian real estate in 2018

Posted on Jan 22, 2018 in Tips

This year will bring some new challenges and opportunities for housing. Here are five things you need to know about Canadian real estate in 2018.

More local than ever

First, there's no such thing as a Canadian real estate market. You buy one home on one street in one neighbourhood in one city. This is true now more than ever.

What happens in Canada's...

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what's up with our market?

Posted on Jan 12, 2018 in North Shore

Looking back on the past year market activity differed considerably based on property type.

North Vancouver total sales were off 8% from 2016 and down 17.5% from 2015....but prices continued to rise; detached homes up 5.6%, townhomes up 15% and with the biggest gains found in condo's up 20% from 2016.

West Vancouver total sales were down 29% from 20...

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sales down, prices edged up

Posted on Jan 10, 2018 in West Vancouver Strata

In West Vancouver, total 2017 townhome sales were off 6.5% from 2016, down 32% from 2015 and down 10.5% the 10 year average.

Total 2017 new listings were up 54% from 2016 and down 5% the 10 year average.

West Vancouver townhome prices edged up.
  • Median Sale Price year average up 12%, $1,561,000 for 2017 and $1,391,958 for 2016; and
  • Average Sale Price ye...

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2017 another year for sellers!

Posted on Jan 09, 2018 in North Vancouver Strata

North Vancouver 2017 townhome sales were down 11% from 2016, off 22% from 2015 however 5% above the 10 year sales average.

Total 2017 new listings numbers were comparable to 2016 and down 5% from 2015 and the 10 year average.

Throughout 2017 the prices of North Vancouver townhomes continued to rise!  The
  • House Price Index year average was up +15%, $931...

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