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Government Real Estate Arithmetic: Failing to Calculate The Real Cost of Property Transfer Tax increases

June 25th, 2019
The latest numbers for the Provincial Government Property Transfer Tax receipts only reveal the 2018 numbers on the Minister of Finance website.  For that year, PTT equaled about 2.115% of the fair market value of the transactions which totalled some $81 billion.  I have heard mumblings that the government is down some $400 Mill in in PTT receipts for this year.  I have also read a study that ...

Great New Mortgage App!

May 18th, 2019
One of my main mortgage "GO TO" brokers, Allan Seltzer with Mortgage Architects, just sent me a new Mortgage App you can download onto your iphone or ipad.  It looks fantastic, will estimate "stress test" consequences, closing costs, Property Transfer Taxes and calculate various debt service ratios.  Take advantage of mortgage expertise in the palm of your hand with this great App!  I will de ...

11460 Plover Dr. Sold!

May 17th, 2019
I just purchased this amazing new 4,780+ sq ft new home for my special clients after a marathon review of properties and opportunities over the last year.  There are amazing deals to be had;  you just have to have the right agents and the right client. Kudos to a great team and Juliette Zhang who also worked hard to make this happen for her seller/builder!

Vancouver Real Estate Foreclosures: Quick Pulse Check

March 19th, 2019

Foreclosure Pulse Check: 

All of Lower Mainland REBGV Area: 19 attached units out of 6845 units listed or .277%.
All of Lower Mainland REBGV Area for Detached units:
34 units out of 5469 units listed or .622%.
Whistler: 0 Detached Foreclosures out of 78 listings
              0 attached Foreclosures out of 200 listings

To my knowledge these numbers are more favourable AT THIS MOMENT than they w ...

Jesse Wowk Elementary School and The Richmond Christian School: Best Catchment Area Homes for Sale

March 17th, 2019
I just uploaded a list of homes for sale within easy walking distance of Jesse Wowk Elementary School and the Richmond Christian School.  Both of these schools have achieved excellent rankings from the Fraser Institute.  It is partly because of these two schools that homes in the area are sought after by parents who place academic excellence at the top of their priorities for their children.

I ...

Vancouver Real Estate Foreclosure: Quick Pulse Check

November 8th, 2018

Foreclosure Pulse Check: 

All of Lower Mainland REBGV Area: 16 attached units out of 6691 units listed or .2%.
All of Lower Mainland REBGV Area for Detached units:
21 units out of 5999 units listed or .3%.
Whistler: 0 Detached Foreclosures
              0 attached Foreclosures

To my knowledge these numbers are more favourable AT THIS MOMENT than they were during the lull in 2012-2013.

My ...

1357 Jones Avenue North Vancouver For Sale

October 12th, 2018
I just listed this 70' X 120' potential subdivision lot in Central Lonsdale for $1,899,000. Amazing corner lot where adjacent similar lot has already been subdivided into 2X35'X120' lots, 3 blocks from Carson Graham Secondary School and 4 blocks from the heart of Lonsdale.  SW Corner of W 14th St. and Jones Ave with a large west facing back yard. Call Arnold for details: 778-227-7325 thumb thumb thumb thumb

Richmond Real Estate Market Report Detached Houses

October 5th, 2018
Below are the latest statistics which include the month of September 2018.  I am including some graphs for the last 10 years so that we can see how 2018 compares to the highs and lows of the past decade. These graphs are dynamic in that you can scroll over any part of the curve and see the actual numerical value.  In addition, they will update automitically as the next month's data is uploade ...

Richmond Real Estate Report: New House Prices...Big Changes!

June 18th, 2018
Here is a table of all single family homes in Richmond that have been on the market for at least 280 days and which are less than 2 years old having lot sizes in excess of 6000 sq ft.

I produced this list to answer the question as to what is going on with the price of new properties that have been listed for at least 280 days.  Included here are the largest prices changes on each listing since ...

BC Politics and Vancouver Real Estate: One Year Later

May 3rd, 2018

On the Doorstep of the Greatest Single Local Loss of Wealth of All Time

We are a year out from the last provincial election, and a series of onerous provincial tax amendments on property taxes pertaining to housing as well as changes to the mortgage rules ordered by the Federal Superintendent of Financial institutions have impacted both the volume of residential transactions as well as the pre ...

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