A new day has dawned. Just not the one that all the pessimists were expecting.
Houses have been selling for less than they would have six months ago because of an extra $400,000 to $600,000 or more on the price.
The largest contributor to the decreased number of detached home sales is the 15% Foreign Buyers tax imposed in July 2016.
There seems to be a wait and see attitude of both sellers and buyers to the changing market conditions.
Vancouver is known as having one of the mildest climates in Canada but that doesn’t mean that homeowners don’t need to worry about Mother Nature.
For those homeowners who want to maximize their home’s value on the Vancouver market, a few renovations may make all the difference.
A day late and a dollar short. The Foreign Buyer Tax will never create affordable housing in Vancouver again.
Everyone held their breath to see what impact the 15% Foreign Buyer tax would have on property sales and more importantly on prices.
Airbnb and similar services have disrupted the rental and hotel businesses in communities around the world. See how did it affect Vancouver!
Lower sales numbers reflected fewer listings. July’s sales were 6.5% above the 10-year sales average for the month.
Disagreement between neighbours can be one of the most emotionally driven conflicts, and can often escalate very quickly.
Be careful what you wish for, you may get it. An old expression describing unintended consequences.
We have stated many times that the entire raison d’etre of the Christy Clark government is to fill the provincial coffers and to get re-elected.
The stats commentary is a little late this month mainly because there is a lot of politicking going on behind the scenes of the published data.
Is the cost of fixing up an older home competitive to building a brand new home?