Brenda Kinnear “Summertime, and the livin’ is easy Fish are jumpin’ and the cotton is high…” – George Gershwin Not so much in Metro Vancouver real estate this year. There has been a decline in the numbers of sales of housing units with no corresponding decline in prices, but there is a sea change in […]
Brenda Kinnear “The Moving Finger writes; and, having writ, Moves on: nor all thy Piety nor Wit Shall lure it back to cancel half a Line, Nor all thy Tears wash out a Word of it.” Omar Khayyam Hindsight is always 20/20 and second guessing the real estate market is a fool’s game but that […]
The architectural design community in Vancouver is changing the landscape of innovative real estate. The inspiration of internationalism has design firms focused on developing creations that are unique to a client’s personality. An appreciation of combining indoor and outdoor concepts has local homeowners changing the conventional ideal of comfort. We are pleased to share reputable […]
Brenda Kinnear When I was a newbie realtor caught in the middle of a major market correction I worked with a client who insisted on listing their property much higher than the current market would bear. An old time realtor in my office said “I always tell them if they want to study ancient history […]
Brenda Kinnear “For they have sown the wind and they shall reap the whirlwind…” ― Hosea 8:7 Old Testament KJV. It appears that the well-being of residents of BC has been compromised by an economy built around organized crime and money laundering through casinos and real estate. Provincial finances and credit ratings have been buoyed up […]
Brenda Kinnear There is a reason that certain sayings become famous: they are applicable to every high-minded solution to an intractable problem. In BC the problems are housing affordability and money laundering through casinos and real estate. The results of identifying the issues and trying to solve them fall into “Be careful what you wish […]
Brenda Kinnear Charles Dickens once wrote “And though home is a name, a word, it is a strong one; stronger than magician ever spoke, or spirit ever answered to, in the strongest conjuration”. A home is one of the most sought after, wished for, impossible dreams in Metro Vancouver today. Affordable home ownership or rental […]
To paraphrase Mac Davis: Happiness was Vancouver real estate prices in our rearview mirror… The elephant in the room in today’s market is the steep decline in affordability over the past few years. The Vancouver Sun reported on the 14th annual Demographica list of severely unaffordable world wide cities. Vancouver came third after Hong Kong […]
Despite all the doom and gloom in mortgage news and desperate world news buyers and sellers in Vancouver are still singing…’Santa baby, I’m filling my stocking with a duplex, and cheques. Sign your ‘X’ on the line Santa baby, and hurry down the chimney tonight’… (lyrics by J. Javits and P. Springer) Lots of wishful […]
And the band played on… Julie and I were recently in the Halifax Maritime Museum and viewed the stories of the sinking of the Titanic.The belief was that the Titanic was indestructible, therefore did not need lifeboats for every passenger. When the rescue ship Carpathia that was 4 hours away arrived on the scene the […]
September stats on the housing market are history in the rear view mirror. Changes in the financial world are coming so fast and so furiously that historical information may not apply. Sale prices have risen in every category. Particularly in condo and townhouse segments. Detached homes have gone up a smaller percentage but are still […]
Older houses present problems for the prospective buyer. Insurers may refuse to cover, or renew policies on, houses that have not been upgraded to modern standards. What follows is a list of known issues that a buyer should investigate.
As the world was falling down around us with wildfires, hurricanes, terrorism, violent political demonstrations Vancouver real estate just skipped along to yet higher prices overall and extraordinary demand in the condo market. The big reason for continuing rising prices in the Vancouver real estate market is the total lack of good inventory. The State […]
There’s so much turmoil in the news today and so many extreme opinions on every subject that it does seem like a good time to be nice to those around you. The biggest issue in Canada at the moment is that of illegal immigration including refugees streaming into Quebec from the US.
Last year in July the provincial government announced their foreign buyer tax. It was a mad scramble to close properties before the tax took effect which distorted the market at that moment. However, there was a slowdown in sales for several months afterwards while the market adjusted to the changes. The tax was eventually absorbed by the seller and the buyer of the higher end properties that attracted foreign investment. It did impact the number of detached sales.