Mike’s Blog for Home Buyers

Always get a Home Inspection by A Qualified Registered Home Inspector when you buy Real Estate in Vancouver

Hi All, If you're going to buy property in Vancouver ALWAYS GET A BUILDING INSPECTION BY A REGISTERED AND QUALIFIED BUILDING INSPECTOR! Don't use you Dad's buddy who used to be a plumber in the 70's, don't use your brother-in-law who's into tools! Hire a professional, its the best cheapest insurance you can get when buying property in Vancouver. Important Facts about Home Inspectors: - All Home Inspectors in BC have to be licensed and insured as of March 31 2009. Make sure the person you are working with is licensed and insured by calling the BPCPA Inquiry Centre Toll… Find out more

Will Inflation make a Comeback and How Will it Affect Vancouver Real Estate?

Stimulus packages coupled with ultra low interest rates are attempts by national governments and central banks to reflate economies around the world. If these efforts are successful (I think they will) I think inflation will be an issue in 2-3 years in Canada. I think elected politicians and to a lesser extent central bankers will find it very difficult to stop priming the pump once things improve. I think changes in the Chinese economy will also push up inflation as we move forward. A 2007 Report by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)… Find out more

More Justification of Stimulus and What Should We Do Instead?

Hi All, I recently posted on the stimulus pacakges being enacted around the world and it generated alot of conversation, which is great and I thank all those who participated. I shot a video justifying my position and I'd like to share with you. I'd also like to hear what people who oppose the stimulus packages think should be done to deal with the financial cirsis we find out ourselves in. I look forward to your comments! Find out more

Walking Away from a Pre-Sale in Vancouver

*** PLEASE NOTE *** I am not a Lawyer and I am not Giving Legal Advice *** Thinking of walking away from a pre-sale? Before you do anything, talk to your lawyer, next talk to your Realtor, and then TALK TO THE DEVELOPER! Some developers may have programs in place to help those who are having issues completing. The only way to find out is to ask! The following could happen if you don't complete: 1) You could get sued by the developer. Even if you win, you still have to pay the costs of defending yourself and we all… Find out more

Mourning Carlos n’ Buds, 1372 Seymour Street Downtown Vancouver Development Site and Urban Garden

Who misses Carlos N' Buds?!? This Vancouver Tex-Mex Icon used to be situated on what is now the Onni development site at 1372 Seymour and 555 Pacific in Downtown Vancouver. 1372 Seymour Street is now a City of Vancouver Urban Garden that is part of a new City program to give developers a tax break for keeping vacant development sites as urban gardens. According to the City of Vancouver development proposal for 1372 Seymour Street, Onni is planning on building a 33 story tower on this plot of land plus a child care facility. The link above has has the… Find out more

Will the Stimulus Package help Vancouver Real Estate?

Hi All, The global recession has caused national governments around the world to enact huge stimulus packages to get their economies going. I think with the global nature of stimulus efforts we should pull out of this recession in line with the Bank of Canada and other commentators predictions by 2010. What are your thoughts? Is it the end of the world? Are we going into another Great Depression? I'd love to see your comments below. I found this great interactive map on the Economist site and I wanted to share it. If you click on the countries you can… Find out more