My East Van Blog

TD Bank predicts long term housing drop

(June 13, 2012)

New prediction from TD Bank, suggesting that Vancouver will see a 15% drop in housing prices over the next 2-3 years.

TD Bank says Vancouver's real estate market is stabilizing after soaring last year.  Despite the recent pull back in sales volume, the market remains in balanced territory and underlying prices are continuing to expand. 

The market segment at the greatest risk of a drop? Condominiums... read more.

Vancouver Homeowners Least Likely to Renovate

(June 10, 2012)

Recent survey from Canada Mortgage and Housing Corporation stated, that out of the 10 largest cities in Canada, Vancouver is the least likely to renovate their homes.

There could be several factors causing this. First of all, average cost of renovations in Vancouver have increase 6%. We may also consider the fact that because of our high real estate prices, builders tend to buy up older homes and... read more.

Spring Housing Market Update

(June 06, 2012)

It's already the middle of the 2012, and we've seen that the market has slowed down compared to previous years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 15.5% compared to the same time last year. However, sales have been constant throughout the spring months in 2012, so we are not seeing a continuous drop in the market... read more.

Pick a Home with your Heart, Not your Wallet

(June 03, 2012)

It's sad to hear when someone says to me, "help me find a home, price is the most important thing..."  My reply has always been, "no, finding you a home you can see yourself living in, is the most important thing."

Now I am not discounting the importance of price. We live in the most expensive real estate market in Canada, and affordability is on everyone's mind. But let your Realtor be the objectiv... read more.

Developers in China uses the Name Vancouver

(May 31, 2012)

An article by vancitybuzz.com highlights the new trend in China, where developers name their projects with the name "Vancouver" in it to attract more buyers.  No surprise that Greater Vancouver area has been a hotspot for asian real estate investors, and now it's become so well known in China that they use own name in their marketing strategies.  Here are some examples:





















Top left: Vancouver South Gard... read more.

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