Vancouver is given a big boost in today's New York Times, in the Great Homes, Lifestyles and Destinations section, outlining many of the reasons why investors and second-home buyers worldwide choose to invest in Vancouver real estate. The article: Preening for the Olympics, Vancouver Is Building Up By DAVE CALDWELL Published: December 4, 2008 EVEN when it rains hard in Vancouver, British Columbia, the host city for the next Olympic Games, big yellow backhoes at construction sites near Coal … [Read more...]
Always a Market for Blue Chip Properties
December 3, 2008 By
I agree with this recent Vancouver Sun article (Real Estate Sales Grind to Standstill by Derrick Penner) that there is always something fundamentally wrong when prices become too high for the local consumer to afford. This is nothing new in our boom and bust cycle of real estate in Vancouver. I have seen it all before! The writing has been on the wall for several years. I was amazed at the continued growth over the last few years... way beyond what we could sustain locally. I also agree … [Read more...]
Slow home sales create window of opportunity
December 2, 2008 By
VANCOUVER, B.C. December 2, 2008 November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market. In its most recent statistics release, the Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 69.7 per cent in November 2008 to 874 from the 2,883 sales recorded in November … [Read more...]
More than Just Collecting the Rent
November 24, 2008 By
Tenant screening is the first step in good property management. We thought this recent article was worth repeating. It seems a building water leak caused a contactor to need to get into several strata lots to mop up the leak. When he went to one unit, the door wasn't answered, so a locksmith was called. When the contractor stepped inside, he found that the unit had been converted to a fully equipped meth lab! Police and fire departments arrived, the building had to be evacuated, the HAZMAT … [Read more...]
Sale of 208-555 Jervis Street- The Perfect Investment Suite
November 20, 2008 By
I had been working with my clients for several days and viewing many different buildings in the downtown and Coal Harbour area until we finally found the perfect investment property for them. The best deal in Coal Harbour! This studio suite in the Coal Harbour area was clean and tidy, and perfect for their investment needs. It came complete with a great tenant who has resided in the suite for the last five years and wished to stay. It was a win- win situation for all involved! The … [Read more...]
Home Prices Down; Affordability Improves
October 15, 2008 By
Home Prices Down; Affordability Improves Vancouver, BC – October 15, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 39 per cent to $2.1 billion in September, compared to September 2007. Residential unit sales were down 34 per cent to 5,107 units during the same period. The average MLS® residential price in the province was $412,149, down 7 per cent from September 2007. “Weaker … [Read more...]
Vancouver Attracts Overseas Investors Prior to 2010 Olympics
October 3, 2008 By
The overseas investor finds Vancouver to be particularly attractive to purchase an investment property for many reasons. Vancouver is hosting the 2010 Winter Olympics which will bring many visitors to our lovely city as well many foreigners think about the possibility of owning property here. No one has a crystal ball to predict property prices in Vancouver but we know that after Expo 86 we had a huge influx of overseas investors which drove up prices. We getting many inquires every … [Read more...]
Downtown Sweety! Great Investment or First Time Buyer!
May 29, 2008 By
Good things come in small packages! Great central downtown location, close to everything. Perfect studio suite for investment or first time buyers. Currently renting for $1275 per mo (tenant moving out end of June). This suite has been completely renovated with attention to all detail. Kitchen upgrades include new cabinetry, counters, tiling, stainless appliance package,laminant flooring, designer paint. Completely renovated bathroom including new vanity, bathtub and tiling. Furnishings are … [Read more...]
Vancouver Realtor Les Twarog
August 23, 2007 By
Vancouver Realtor Les Twarog In the Property Management field, we’re grateful for the referrals of investment clients from our realtor colleagues. At Downtown Suites we are especially pleased to be working with Les Twarog in relation to his condominium sales. Les is one of Vancouver’s most successful realtors, who has placed in the top 1% of all realtors in the Lower Mainland for many years. He has been consistently producing high results through all the fluctuating market conditions and … [Read more...]
Strong Westside Realtor: Maggie Chandler
August 23, 2007 By
Maggie Chandler, knowledgeable and well-established Westside realtor. For some time now at Downtown Suites we have been pleased to be working closely with successful realtor Maggie Chandler. Maggie’s work in the Vancouver Westside market and her specialization in condominiums, (specifically Downtown, Yaletown, West End, Coal Harbour, Kitsilano, False Creek and Fairview) fits well with our property management focus at Downtown Suites. We are grateful that she refers investment clients to us … [Read more...]
