Monthly Archives: November 2010

Vancouver Real Estate Buyers Safety: Hold Backs in the Contract of Purchase and Sale

Hold Backs in Vancouver Real Estate Far too often Sellers in Vancouver agree to do things that they don’t end up doing. In a Vancouver Real Estate transaction this could result in a Buyer being responsible for thousands of dollars in repairs or future payments if a Seller does not do what they agree to do. A Hold Back is a very good way to ensure that what a Seller agrees to in an Accepted Offer actually gets done. What is a Hold Back? A hold back is when the Buyers Lawyer keeps some (or "holds back") of the money… Find out more

Vancouver Real Estate Overpriced?

Is Vancouver Real Estate Overpriced or Underpriced? From time to time I am asked if Vancouver Real Estate is overpriced. This is a very difficult question to answer and here's why: Compared to Where? Overpriced is a relative term.  Is Vancouver overpriced compared to where? Edmonton? Calgary? Seattle? Moose Jaw? Many factors determine real estate prices. City and regional economic performance, security, climate, popularity, openness to international immigrants, tolerance, Fiscal and Monetary policy, architecture, size, population, density, geographic barriers to growth, I could go on and on... are unique to every City. The unique mix of the above factors have… Find out more

James Vancouver 288 West 1st Avenue MLS Listings & Building Info

James Living, a new Presale in Southeast False Creek by Cressey Developments James is new presale condo located at 290 West 1st. Avenue  in Vancouver's Southeast False Creek by Cressey Developments. The building is located on West 1st Avenue between Crowe Street and Cook Street with the 1st Avenue side of the building facing South. This Vancouver presale condo will have 155 units in a 13 level tower and a 4 level low rise pedestal.  James Living is expected to complete in the Summer of 2012 and will be LEED Silver ensuring a light environmental footprint. (***Please see the price… Find out more

October 2010 Real Estate Board of Greater Vancouver Statistics Package

Home sales remain steady in Greater Vancouver REBGV Stats Package October 2010 VANCOUVER, B.C. – November 2, 2010 – Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling. According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6 per cent to $579,349 in October 2010 from $553,702 in October 2009. Since June, however, residential home prices… Find out more