How Much Are Vancouver Condos Being Impacted by Immigration? by Ian Watt of Sotheby's

August 31st, 2016
Yesterday I was sent a report from our Sotheby's office which was published by the Urban Development Institute. Of course there's a ton of information in these reports but the one I found most intriguing was the population growth of Greater Vancouver. In 2006 there were just over 1.8 million residents and year after year the growth has been steadily increasing on average about 35,000 per year ...

Is it the End of Multiple Offers for Yaletown Condos? by Ian Watt of Sotheby's

August 30th, 2016
Are we seeing the end of multiple offers in the Downtown Vancouver condo market? In the spring months we saw multiple offers happening in record numbers in Yaletown and Downtown due to the rising market. However, as June may have been the end of this rapid growth, we saw many agents deliberately underpricing their listings to instigate a quick sale with a subject free offer. But are multiple ...

How Much Of A Deal Do You Get When Buying a Vancouver Foreclosure?

July 28th, 2013




How Much Of A Deal Do You Get When Buying a Vancouver Foreclosure? Long story short, not much! I have taken all the court ordered sales and foreclosure listings I could find on the MLS from the areas on Vancouver, Burnaby, Coquitlam, Port Moody, Port Coquitlam, Ladner, Maple Ridge, North Vancouver, West Vancouver, Richmond, New Westminster, and Pitt Meadows, and these are all the numbers I co ...

How Much Does the Value of a Vancouver Condo Increase per Floor?

July 22nd, 2013

How Much Does the Value of a Condo Increase per Floor?

#2 July 22, 2013 - How much does the value increase per floor for Vancouver condos? Really good question. Well presale marketing companies have lead buyers to believe that it's anywhere from $2000 to $5000 per floor for your typical Vancouver condo. As everyone wants to be as high as possible, the presale marketers know they can charge a ...

How Much is a Vancouver Condo Worth?

July 14th, 2013

How Much is a Vancouver Condo Worth?

   
July 15, 2013    -    What's a condo worth? Well it depends who you ask. A listing agent my tell you i.e. $500,000. The buyers agent may tell you it's $475,000. A refinance appraisal may tell you $525,000. And an appraisal for insurance may tell you $550,000. A first mortgage appraisal might say its $470,000. But the strange thing about all those appra ...