While some Canadian cities offer reasonable affordability compared to household incomes, Vancouver’s housing is, by any measure, highly overvalued and vulnerable to a sharp correction. Prices have risen 55% from their 2009 trough to a level 29% above their prior peak. The average home price reached nearly C$800,000 (according to CMHC).
- Small House MovementInteresting about Bowen Jimmy. I like to look at raw unserviced land because that is what tends to slip first. Along with Recreational and 2nd homes. I recall going to an investment seminar in 2007 and one of the Margined Paperstock daytraders was wanting to know the best RE deal in Kelowna. I told him... start looking at Condos on Big White next year, buy i
- Sunshine Coast Sales Challenge - SCMEDHSPAnyone who has a keen interest in the Sunshine Coast real estate market and who has been following my sales stats posts knows that March sales were abysmal and April may be following suit. So, I thought it might be interesting to set up a pool and allow SC aficionados the opportunity to guess April’s detached sales outcome as we await the month to unfold. Po
- An Ode to the Open House - Fact or Fiction?An Ode to the Open House - Truth or Dare? 1. Open houses rarely sell houses. Few sellers understand that an open house usually does not sell that particular property. 2. Open houses benefit agents. Real estate agents pick up buyers at open houses. It is a tradition in the real estate industry. Hold an open house. Meet some good buyers. Take them out to look
- Sunshine Coast Data: Table of Threads (Read Me)The Sunshine Coast forum is now at 3 pages and counting; I obviously believe I have a lot to say. There is no doubt it is becoming unwieldy and any new visitor likely won't know where to begin. Regular visitors will have forgotten what was written months ago and I am falling into that category, too. Believe it or not, there are “themes” to my posts as I
- Sunshine Coast Small Business: A Looming Crisis?There has been much ink expended on a looming crisis in residential real estate as baby boomers begin to contemplate downsizing or cashing out the equity in their homes. As these homes are thrown on the market, the questions raised are: a) how will this impact home prices and b) who will buy these homes. What is not getting the same amount of attention is th
- Sixth + Willow - An Development AnalyisThis thread is about Six + Willow, a just-finished low-rise multi-family development at West 6th Avenue and Willow Street in Vancouver West. Formerly a small shopping center with an Apple Hill Farms market, the development consists of “25 architectural westside townhomes featuring the weathering steel screen” according to the developer’s marketing materials.
- How Much Will It Cost To Build?I found this nifty calculator that you can use to get a rough idea of what a house will cost to build. Note this is based on US construction costs. Prices in Canada will be higher, for no particularly good reason. . .
- Sunshine Coast, BC: Is today a good time to buy?I follow a few twitter feeds and the other day one linked to a post titled ‘Long-term home ownership trends: The US, England, and Canada’ on the AEI (American Enterprise Institute) website. I have never been to this site before and after reading the piece I began to nose around. I found some interesting posts in their ‘Housing Finance’ section which is found
- HAM vs BCMIn the seemingly endless debate over whether Hot Asian Money (HAM) or Borrowed Canadian Money (BCM) is causing our high RE prices, most people agree that both are playing a role. In trying to quantify the effect of each, I decided to compare two similar cities - one with lots of HAM (Vancouver) and one with almost none (Victoria). Any similarities in price m
- A Photo Primer for RealtorsPrompted by Skook’s posting of more ‘Dumb Listing Pics,’ I am prompted to refresh and re-post this Photo Primer for Realtors. Free advice worth taking! The goal is an Architectural Digest quality presentation. Maybe you cannot equal that, but you can get close by following a few simple tips. 1. Buy a decent camera: A cell-phone camera will not cut it if you
- Small House Movement