My East Van Blog

Opening Day at Playland

(April 25, 2012)

That time of year again - Playland opening day will be on April 28, 2012 (10am-6pm).  Local band "These Kids Wear Crowns" and The Beat 94.5 DJ's will be on site for the celebration.  Seniors and children 3 years and under go free.  Playland will run until the end of September.

Just around the corner is an exciting season at Playland that you won’t want to miss out on. Purchase a Playland PlayPass now... read more.

The Danger of Underpricing for Bid Wars

(April 23, 2012)

We've all heard of homes in the Greater Vancouver Area, getting multiple offers and selling for over asking price.  Sometimes this is simply because a desirable home catches the eye of more than one Buyer, and they keep bidding until one offer (the highest) remains and wins the home.

However, sometimes the Seller/Listing Agent strategically "under-prices" the property, with the purpose of attractin... read more.

Canada Keeping Our Rates Low

(April 17, 2012)

During their meet, Bank of Canada announced that they are keeping overnight interest rates unchanged.  What that means is our Prime Rate for mortgages are staying the same.  The central bank has kept our interest rates at the same level since September of 2010.

But it isn't going to stay that way for long. Because economies around the world are doing better, and with inflation getting stronger, the B... read more.

First Time Buyers Helps Hold up the Market

(April 15, 2012)

According to BMO Bank of Montreal, first time home buyers are being drawn into the market by a combination of low interest rates, convenience, and urban living (where homes are close to schools, restaurants, and transit).

Early this year, it was reported 50% of those living in Vancouver are renting. That represents a large segment of the population that is ready to buy up properties if the market... read more.

Underground Oil Tanks

(April 09, 2012)

We got a few questions about underground oil tanks this month, so thought we'd share some info.

Natural gas and electricity is the most common heating source for most homes today. However, not too long ago, heating systems that used oil tanks were predominately used in homes. These oil tanks were usually installed in basements or buried underground. Most are now abandoned and replaced by more moder... read more.

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