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15 real estate myths and realities

Derrick Penner , Vancouver Sun – April 26, 2008

Spring has sprung and Lower Mainland residents’ fancy has turned to real estate.

Is it time to buy or time to sell? What room should you renovate? What needs to be landscaped?

Lower Mainland residents spend more on real estate than anywhere else in the country, and generally, are as knowledgeable about the subject as anyone. But how much do they really know about their homes?

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Vacant land sales soar in the Fraser Valley

Robert Freeman , Chilliwack Progress, April 16, 2008

Vacant land sales in the Fraser Valley jumped by more than 40 per cent last year, although the total number of residential sales dipped by four per cent, according to a Landcor Data Corporation study released yesterday.

“What’s happening is everybody’s scrambling looking for more land to subdivide and develop,” Landcor president Rudy Nielsen told The Progress.

And because land costs are so high in Vancouver,

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Vacant land sales in 2007 see 12,000 properties change hands

Derek Penner, Vancouver Sun, April 15, 2008

British Columbia experienced a residential land rush in 2007 with buyers snapping up more than 12,000 vacant properties over the year worth more than $3 billion, according to research by Landcor Data Corp.

Vacant land sales were only a fraction of the 158,272 properties worth a record $62.2 billion that traded hands in 2007, but sales of lots rose substantially while overall residential sales waned.

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How to: Find and Buy Land Online

Andrew Hanelly, Log Home Living, March, 2008

So you’re ready to buy land, but you don’t exactly have the time (or gas money) to travel all over the country looking for it. But that doesn’t mean you have to resort to building your dream log home in your neighbor’s backyard. Take your quest for land to today’s version of the Oklahoma Land Rush—the Internet. There are a plethora of sites dedicated to selling land.

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Americans still buy BC real estate

Carlito Pablo, Georgia Straight, Jan 31, 2008

While the world watched the U.S. stock market convulse in January due to fears of a possible recession and troubles related to sub-prime mortgages, Rudy Nielsen was busy closing a million-dollar deal with an American buyer.

Nielsen, the New Westminster–based president of NIHO Land & Cattle Company Ltd., recalled there was little negotiation over the 65- hectare oceanfront property located somewhere on Vancouver Island.

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Million Dollar club keeps growing

Jeff Nagel , Burnaby NewsLeader – January 4, 2008

The number of millionaire homes in the Lower Mainland climbed nearly 50 per cent over the past year.

And while Vancouver and West Vancouver again have the most homes assessed at more than $1 million, other cities are gaining at a faster clip.

The number of seven-figure properties more than doubled from a year ago in Richmond, Burnaby,

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Property Values Moving Up, Up, Up

Alex Rinfret, Queen Charlotte Islands Observer, January, 2008

Strong demand for recreational property all over BC, especially waterfront lots, helped propel property values on the islands to their highest level in many years, perhaps ever.

According to BC Assessment, which mails out assessment notices every January to property owners, most real estate on the Charlottes has increased in value significantly over the past year.

“Most homes on the Queen Charlotte Islands (Haida Gwaii) are worth more on this year’s assessment roll than they were on the 2007 assessment roll,”

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