Metro Vancouver: Metro Vancouver’s purpose-built rental market tightened to a 1.4 per cent vacancy rate, down from 1.9 per cent in 2010 as demand rose on modest gains in regional employment, increased rental affordability vis-à-vis home ownership, and continued population gains. Average rents rose 2.3 per cent in 2011, down slightly from the 2.6 per cent gain in 2010.
It is well known that in ...
Back to Basics!
The booming real estate market we had in the last few years involves a lot of real estate speculators besides the real home buyers. Buyers paid "Future Value" on the pre-sale project HOPING to make profit on top of the price they paid. A lot of the buyers bought more than one units in different projects around town expecting to make quick profit by completion day. Since ou ...
Who is renting in Vancouver and where to advertise?
I have recently encounter many Korean and Middle Eastern rental agents working in the rental market looking for property on behalf of their clients. Their clients include students and relocation professionals. Due to the language barrier, the potential tenant always feel more comfortable working with people who can speak their own langua ...
Shall we Flip? or shall we Hold real estate?
Our Asian flipping property culture has recently spreads to Canada in the past few years during our red hot real estate market. So, is the market still hot? or has it started to cool off? Well, as we discussed before, we are now in a balanced market. I have recently noticed some Sellers offer bonus to the buyer's agent on ...
"Housing Sales Slow to 2001 levels in Greater" was the headline in the Vancouver Sun business session on April 3rd. However, if you read the content details, the whole story doesn't have any figures to support the headline. It only said sales between Jan & Mar., 2008 was the slowest first quarter for sales since 2001. This is how the media likes to use headline like this to draw viewer's atte ...