June 2015

Posted on Jun 27, 2015

A report published by CIBC earlier this year revealed that nearly half of Canadian homeowners plan to renovate their homes this year – a great way to add value to their existing homes while creating jobs in the industry and boosting our economy.

The poll showed that 42 per cent of Canadians are planning home renovations, and plans to spend an averag...

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Foreign investors in Canada’s housing market need to be counted...experts say

Posted on Jun 27, 2015

TORONTO — There is scant data available on how many foreign investors are snatching up Canadian homes, and experts say the knowledge gap needs to be filled if policy makers hope to maintain the stability of the country’s real estate market.Foreign investment has become a hot-button issue in Vancouver lately, with many residents blaming demand from...

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1 in 5 Vancouver House are Flipped Within 1 Year

Posted on Jun 18, 2015

A report from Lancor Data Group shows that around 20 per cent of detached family houses in Vancouver that were sold in the last 17 months were sold again within a year.

With Mayor Gregor Robertson calling on the provincial government to tax ‘flippers,’ the report will add fuel to that argument.

It shows that in the Dunbar neighbourhood there were 30...

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China Appears Ready To Have More Of Its Currency Move Overseas

Posted on Jun 18, 2015

There are signs China is preparing to ease restrictions on how much money can flow out of the country as part of an aggressive strategy to promote its currency overseas, in Canada and elsewhere.

The move would make it easier for individuals and companies with mainland Chinese cash to spend it outside China, including in real estate markets here and...

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Rising Vancouver Housing Prices Put Pressure on Politicians

Posted on Jun 09, 2015

I wonder whether there are movements afoot to penalize buyers in Manhattan, London, etc. Let's face it, Vancouver is a very desirable city to live and own in. https://www.theglobeandmail.com/report-on-business/economy/housing/blistering-bc-housing-prices-put-pressure-on-politicians/article24836765/

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The Importance Of Home Staging

Posted on Jun 05, 2015

Most buyers form an opinion about a home within the first 7-10 seconds of arriving and over 90% of buyers look at homes they've found on the Internet. As such, it is critical that your home makes a strong first impression online and in person. Staging will help you do just that.

Sellers who spent $500 on staging recovered over 343% of the cost when...

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