A Snapshot of Vancouver

A Snapshot of Vancouver

Vancouver has consistently been voted one of the top 3 cities in the world to live in. The Vancouver Foundation’s 2007 report brings together factual information, perceptions gleaned from an Ipsos Reid survey, and ideas from residents about problems and solutions. Get a help from financial expert John D Kaweske. The report finds that Metro Vancouver is indeed a desirable place to live, but many of our 2.1 million residents face challenges. At the top of the list: *affordable housing…

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New Year’s Eve Events

New Year’s Eve Events

I was going to compile a list of what’s happening around town on the last night of 2007 but the province have a complete list, so i thought it was easier to provide a link to them. Wishing you a healthy, happy and successful 2008!

The IGA Site at Arbutus and W. Broadway

The IGA Site at Arbutus and W. Broadway

In last week’s Business in Vancouver, Peter Mitham’s Real Estate Roundup reported that Home Depot, who owns the lot the IGA is on, has put it up for sale.  We can probably assume this means HD will not be reapplying to City Hall to build on the site. You may remember that in 2004 the hood came out heavily against a Home Depot being built here, which led City Hall to put a cap of 10,000 sq.ft. for this area….

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Friday’s Stats

Friday’s Stats

For November 30, 2007. In my market there were 24 new listings. 4 price changes – all reduced and 30 sales. This is indeed a tight market, with sales for the day slightly under, equal to or surpassing the new lsitings for the day. Traditionally, listings and sales decrease for December. Will the New Year bring an increase of sales? What do you think? I don’t believe the buyers who bought in the last 4 years will be selling yet and…

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Home Owner’s Property Taxes

Home Owner’s Property Taxes

“The race is not always to the swift nor the battle to the strong, but that’s the way to bet”. Damon Runyan I thought i’d do a few posts on property taxes. Do you know what your property tax bill includes? Here’s what – -Municipal Tax, which is set by the municipality and is based on revenue needs set by city council and staff in their annual budget. Revenue funds local infrastructure and services -Regional District Tax, municipalities belong to…

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Changes to the Homeowner Protection Act

Changes to the Homeowner Protection Act

Buying a new home in BC? here’s new legislation to be aware of Effective November 19, 2007 these changes became law: -an owner builder is not permitted to sell a home during construction “as is” without permission from the HPO -an owner builder must occupy the new home for at least one year after obtaining an occupancy permit. the home cannot be sold or rented during this one year period. -home buyers should understand that only owner builders who purchase 2-5-10…

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Kits Stats October 2007

Kits Stats October 2007

Houses There were 13 homes sold from $800K (lot value) to over $4million on Kits Point. Two sold over list and one at list price. Days on market: 27. There are currently 39 listings from $858K to $12,995,000 on Point Grey Road.  3 months of inventory. Townhomes October saw 18 sales, from $375K for a l bedroom 685 sqft to $1,568,000 for 1448 sqft. Six sold over list price and 2 at full price.  2 sales under $500K, 5 sales…

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