Foreign Money, BC Real Estate Prices and Line Dancing

* this is a brief commentary on the recent Georgia Straight article “Josh Gordon: Vancouverites don’t need “re-education” about foreign ownership and housing affordability”: Sometimes what is painfully obvious to the general populace is lost on the politicians, mainstream media, academics and others who may have also succumbed to the intellectually bankrupt concept of political correctness which ignores facts, rational arguments and eschews debate. For 15 years foreign money has… Read More »Foreign Money, BC Real Estate Prices and Line Dancing

Protecting condo buyers

  Kenneth Pazder was recently interviewed by Canadian Lawyer Mag on the topic of condo buyers’ protection. Here is the full article: A series of condo cancellations and failures across the country have pre-construction investors crying foul. And while there are some protections in the ever-evolving condominium legislation, the rules vary from province to province and they don’t always apply to the principle investment and any lost interest or opportunities.… Read More »Protecting condo buyers

A Guide to Land Assembly in BC (2019)

What is a “land assembly”? A land assembly is simply the joining of adjacent lands to make a larger parcel. This is normally done so that the larger parcel can accommodate the building of more living units (be they houses, townhouses, low rise or high rise condominiums). Selling as part of a land assembly usually means that the vendor will get a much higher price than he or she would… Read More »A Guide to Land Assembly in BC (2019)

Vancouver Real Estate : Prices Begin to Lower (August 2018)

This August, sales in the Lower Mainland are continuing to drop to their lowest level this year. As Buyers are being less active in today’s market, we are finally seeing the impact of this inactivity on prices as prices for all housing types in the Lower Mainland begin to edge down. Condition free offers are becoming a thing of the past, as Buyers have less competition and are afforded more… Read More »Vancouver Real Estate : Prices Begin to Lower (August 2018)

FLIPPING YOUR PRE-SALE CONTRACT: What You Need to Know

As housing prices continue to rise, once again pre-sale strata units have become all the rage. In our previous blog, we alerted our readers to some of the risks that are associated with purchasing a property that has not been built, but what about the risks in assigning interests in those pre-sale condos? An assignment occurs when the purchaser transfers their rights in the purchase contract to someone else before… Read More »FLIPPING YOUR PRE-SALE CONTRACT: What You Need to Know

Vancouver Real Estate: Will Prices Ever Go Lower? (July 2018)

This July, sales in Greater Vancouver reached their lowest point for the month since the year 2000! Even though inventory levels are continuing to grow, demand continues to be impacted by the skyrocketing prices and interest rates. In this slow market, Buyers are afforded more opportunity to explore their options in a more relaxed environment. However, it’s clear that Buyers are not taking action and instead have opted for a… Read More »Vancouver Real Estate: Will Prices Ever Go Lower? (July 2018)

Police investigating pre-sale development; condo buyers out hundreds of thousands

‘In court reports… they’d found some of the [pre-sale] units were pre-sold more than once – and as many as four times in some cases.’ How risky is buying a pre-sale condo? ‘Future homebuyers considering a pre-sale property might be surprised to find out what’s in the fine print. They’re drawn in by glitzy showrooms that allow them to choose their unit and finishes, and many sign contracts without really… Read More »Police investigating pre-sale development; condo buyers out hundreds of thousands
scattered puzzle pieces

Help! My Strata Wants to Sell My Building From Under Me

In cities like Vancouver where the mantra is eco-density (which is actually an oxymoron as there is nothing ecologically friendly or sustainable about increasing density), every property developer and his dog is seeking out older three or four story strata complexes for redevelopment. A strata council may believe the best decision is to dissolve the strata corporation especially if: the strata complex is on its last legs; the future cost… Read More »Help! My Strata Wants to Sell My Building From Under Me

Changes to the Residential Tenancy Act in British Columbia – the good, the bad and the ugly!

Within the last six months the BC Government has made some significant changes to the Residential Tenancy Act (“RTA”) which will impact future and existing tenancy agreements –effectively making the legislation retroactive. Retroactive legislation is NEVER advisable.  People make business and financial decisions every day on the basis of the existing legal and regulatory framework.  Changes to the law are inevitable, but normally they are prospective, meaning that they take… Read More »Changes to the Residential Tenancy Act in British Columbia – the good, the bad and the ugly!

Inventory in the Lower Mainland reaches the highest it’s been in the last two years

Buyers Take Your Pick This summer, buyers are getting more of a selection to choose from. Prices and sales may be gradually increasing month to month but in comparison to last year the real estate market is slowing down. Sales throughout Metro-Vancouver, Chilliwack and the Fraser Valley are starting to increase as we head into the busy season, but the demand is much lower than last year. Greater Vancouver In… Read More »Inventory in the Lower Mainland reaches the highest it’s been in the last two years