Real Estate Buyers Beware: Huge Tax Liability Lurks!

March 29th, 2017
A recent court case at the Supreme Court of British Columbia Mao v. Liu, 2017 BCSC 226 (CanLII), http://canlii.ca/t/gxgpp together with renewed enthusiasm at the Canada Revenue Agency increases the potential risks of not being properly represented on the purchase of a property in Canada.

A recent study I undertook, only of residential properties in Richmond, indicated that almost 1/3 of proper ...

Richmond Real Estate Report, February 28 2017

March 27th, 2017
This is a quick market pulse report prior to month end.  The big story right now is inventory.  There just isn't anything out there, especially in apartments.

Take a look at these graphs-(1st one is Attached Properties in Richmond):



Detached properties are a different story.  Although inventories are not depleted, the amount of listed stock is listed at much higher prices as compared to previou ...

5600 WOODWARDS ROAD, Richmond, BC

March 27th, 2017

Tastefully designed and built by renowned Richmond builder presents 5600 Woodwards Road, a true Manor on Richmond's finest and most prestigious Street. Extremely high quality construction throughout, a distinct style synonymous with Stockholm Construction. High end cabinetry, Wolf/Sub-Zero appliances (built-in wine fridge and 48 inch gas range), European marble flooring, Schonbeck lighting ...

9171 PAULESHIN CRESCENT, Richmond, BC

March 27th, 2017

Spacious, bright and comfortable 4 bedroom delightful detached house. Radiant heat on both floors. Features open plan kitchen with stainless steel appliances, granite counter tops and centre island. Exquisite family room with built in units and gas fireplace. Formal dining room and living room with gas fireplace. Laundry room has updated washer and dryer. Upstairs are 4 spacious bedrooms with ...

Just Sold: #204-7851 No 1 Rd; Highest Price Ever!

March 27th, 2017
I just sold a 2 BR 1 BR walk up condo at Beacon Cove for the highest price ever realized in that complex. This second floor 904 sq ft unit sold at $340/sq ft, almost 12% higher than the second place sale which was for an even smalled unit. Heart and soul went into getting it ready to market and the seller and buyer are thrilled! In the end, though it was the thoughtful and throroughly profess ...

Vancouver Housing Affordability-A Different Solution

March 20th, 2017
Everyone has been disussing possible solutions to the problem of affordability in the Vancouver housing market. Most of proposed solutions have been about increasing density around main transportation corridors, removing foreign buying power and using tax policy to discourage speculation.  I would like to propose a completely different approach whose time has come.

For years every time a new t ...

Coming Soon: For Sale: Completely Renovated 2 BR in W Richmond

March 1st, 2017
Available for showing this Friday, a completely renovated 2 BR 1 Bth 917 Sq foot walk-up condo close to Blundell and No 1 Rd at Beacon Cove.
This building has had the piping and balconies redone.  The unit is beautiful and centrally located.  Call Arnold for an appointment. Listed at $329,800.  Pictures up soon!