Blog by James Wong

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Mainland Chinese buyers led luxury-home market recovery

February 23rd, 2010
Canada seen as a safe storehouse for personal wealth

By Derrick Penner, Vancouver SunFebruary 6, 2010

It took a couple of months, but sales of luxury homes in 2009 caught up to the general real estate market driven largely by buyers from mainland China, one dealer in high-end homes has found.

The Real Estate Board of Greater Vancouver recorded 30 sales of homes more than $5 million through ...

Vancouver's Kitsilano Real Estate

February 18th, 2010
SouthGranvilleVancouver's Kitsilano real estate

Vancouver's Kitsilano property market has a wide selection of properties ranging in price from $1.00 to over $3.00 million. Home prices in Vancouver Kitsilano are amongst the highest in metro Vancouver and Canada. The newer Vacnouver's Kitsilano homes are luxuriously built and substantial large, especially those that are built on properties over 7,000 sq ft. ...

Vancouver's Shaughnessy real estate

February 18th, 2010
Vancouver's Shaughnessy real estate

Vancouver's Shaughnessy property market has a wide selection of properties ranging in price from $1.40 to over $18.00 million. Home prices in Vancouver Shaughnessy are amongst the highest in metro Vancouver and Canada. The newer Vacnouver's Shaughnessy homes are luxuriously built and substantial large, especially those that are built on properties over 15, ...

Vancouver's South Granville

February 18th, 2010
Vancouver's South Granville real estate

Vancouver South Granville property market has a wide selection of properties ranging in price from $1.00 to over $7.00 million. Home prices in Vancouver South Granville are amongst the highest in metro Vancouver and Canada. The newer homes in South Granville homes are luxuriously built and substantial large, especially those that are built on propertie ...

Vancouver - least affordable housing in the world!

February 13th, 2010

Below is a CTV.ca nes report:

A new report says Vancouver has the world's least affordable housing, and blames land-use policies designed to limit urban sprawl.

The Demographia International report released Monday looked at 272 metropolitan markets in Canada, the U.S., the U.K., Australia, New Zealand and Ireland and calls on governments to allow more housing to be built on the fringes of u ...

Vancouver housing report

January 8th, 2010

Real Estate Board of Greater Vancouver Housing Report, December 2009 - read full report here.

VANCOUVER, B.C. - January 5, 2010 - After beginning the year at near record low sales levels,
buyers' confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.

The Real Estate ...

Vancouver West Real Estate

January 3rd, 2010

Vancouver West Real Estate - November, 2009

The following charts give a bird-eye view on the real estate market for Vancouver West:

Vancouver west detached homes Vancouver West townhomes Vancouver West condos
...
Property Type Benchmark Price 1 year Change %
3 Year Change %
5 year Change %
Detached house $1,356,169
+ 5.3%
+12.5%
+44.8%

Negotiating for a discount on selling commission

December 20th, 2009

01-hundred-dollar-bills-stack.jpg

Real estate commission in B.C.

When a home owner decides to sell their home, they often agree to pay their chosen salesperson / real estate company a commission based on a percentage of the selling price of their home. In British Columbia, the commonly used commission structure is based on 7% on the first $100,000 and 2.5% on the balance of the selling price. Other real estate companies ma ...

Shaughnessy Townhomes

December 9th, 2009

Shaughnessy residents give up fight against townhouse plans

Shaughnessy residents have given up their fight to stop the building of new townhouses on the outskirts of the neighbourhood.

They caved in after three years of opposing a development they fear will open the way for more high-rise buildings throughout the wealthy neighbourhood.

The area has traditionally been made up of individual ...

Shaughnessy townhomes

December 9th, 2009

Residents protest possible Shaughnessy townhomes

Some Shaughnessy residents are seeing red over a proposed townhouse development near 16th and Granville.

Protest signs have popped up around the wealthy enclave reading "McRae Development Sets Bad Precedent." It's the latest wrinkle in a four-year fight between some residents and developer Brian Bell, who wants to build 15 townhouses in an em ...

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