David Carrigg, The Vancouver Province, Nov 19, 2019
Almost 73 per cent of detached homes sold in Vancouver in the first nine months of 2019 went for below assessed value, while Kitimat and the Kootenays are booming
Provincewide real estate figures released this week by Landcor Data Corporation compared all residential sales for the first nine months of 2019 with the same period last year.
It breaks down sales numbers,
Frank O’Brien, Western Investor, July 5, 2019
Western Canada has the highest rate of recreational vehicle (RV) ownership in Canada, at 68 per cent of those who camp, according to the 2018 North American Camping Report. Of the 9.1 million Canadian households who go camping, the majority opt to rough it in an RV, a ratio that approaches three out of four in B.C. and Alberta.
The problem is where to park for the average 4.5 annual camping trips that owners use them.
Theresa McManus, New West Record, June 10, 2019
The New West Grand Prix is returning to the streets of New Westminster this summer.
The New West Grand Prix is part of BC Superweek, a race series taking place July 5 to 14 in six cities across Metro Vancouver. The local event, featuring more than 200 international riders, hits the streets of downtown New Westminster on Tuesday, July 9.
Guy Saddy, BC Business, June 2019
From Vancouver Island to the Okanagan, sales of vacation home appear to be enjoying a resurgence in BC. If you’re in the market for that perfect getaway, here’s what you need to know.
Surrounded by snow-covered evergreens and almost glowing from the reflected light of the setting sun, the gleaming white cottage looks as if it emerged organically from its setting.
Rudy Nielsen, 2019 Investors Guide – Western Investor, April 2019
British Columbia is a desirable province to invest in land, because unlike other provinces, it doesn’t have foreign restrictions on recreational land purchases. We continue to see high demand for recreational properties, from small lots to waterfront parcels to large ranches.
British Columbia is big, but there’s actually a limited amount of land available. Only 5 per cent of land is privately owned.
Dan Fumano & Douglas Todd, Vancouver Sun, March 23, 2019
The city of Vancouver’s places of worship, which sit upon more than $3.4 billion of real estate, are getting into the housing game more than ever before, scaling projects skywards in an attempt to benefit both their congregations and a community facing a housing crisis.
Religious groups have long provided housing. In past generations, those efforts focused on helping vulnerable populations with shelter beds for the homeless,
Lisa Gordon, Canadian Mortgage Broker, Winter 2019
In Rudy Nielsen’s office, a big fish swims in an aquarium filled with smaller fish. It’s a visual reminder for the successful 77-year old real estate entrepreneur to always be the big fish whenever he goes into a new venture.
Today, there’s no doubt that mantra has served him well. Nielsen is the founder and president of the NIHO Group of Companies (“NIHO” is a contraction of Nielsen Holdings),
BC Business, Feb 5, 2019
The new speculation and vacancy tax strikes one more blow
As expected, the B.C. government forged ahead with its speculation and vacancy tax, which took effect on January 1. This politically controversial yet publicly supported levy will penalize foreigners who don’t pay income taxes and leave a home empty for more than six months of the year with a 2-percent tax on the property’s assessed value.
Jane Seyd, North Shore News, Jan 11, 2019
While property assessments for single-family homes have been falling across the North Shore, commercial assessments have been heading in the opposite direction —clocking in with dramatic increases for the second year in a row.
That has a number of owners worried about what it could mean for taxes – and the viability of local businesses – in the future.
Ross Forman of Re/Max,
Jane Seyd, North Shore News, Jan 8, 2019
Dramatic changes in the real estate market have shifted areas of the North Shore that were multiple-offer territory into a buyer’s arena.
What went up in a spectacular rise in the run-up to the real estate peak of 2016 is now on its way back down. The most dramatic changes have been in the market for detached homes, particularly for the priciest mansions in West Vancouver.