On September 18th, at one of the last meetings before the Vancouver civic election, there will be a public hearing held on plans to allow duplex zoning in almost every city neighbourhood.

This is a final move by Mayor Gregor Robertson to add even more density, and in the future, the new council will consider further density with fourplexes and townhomes.

Some believe that these new types of housing in current single detached home zoned areas will be unaffordable for most residents - especially on...

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Homes in Vancouver which are unoccupied for 6 full months of the year or more, will be subject to the 1% EMPTY HOMES TAX.


The tax is equal to 1% of the property's taxable assessed value in addition to the existing property tax and will be applied annually.


Who won't be subject to the tax?


Residences being used as a principal residence by the owner, a family member, a friend or any other person occupying with the permission of the owner but is not a tennant or sub tennant, will NOT be charged the tax....

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Do you have a basement suite or a laneway house and you don't want long term tenants?


As of September 1st 2018, in Vancouver, you are permitted SHORT TERM RENTALS in principal residences only - the home where you live.

Anyone operating a short term rental must have a business licence and include it in all the listings.


The registration period to comply with the regulations ends after August 31st. After this date, you can still apply for a licence but all short term rentals listed without a licence...

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July 2018


Typically, the real estate market will slow down in the summer months, with an increase slightly in mid - September and then take a slower turn as it approaches November. Below are the statistics for July 2018 in comparison to July 2017.

Detached Properties:                                                         One year Change


Total Active Listings...

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Historically, there is a bump in selling and buying activity in the 2nd and 3rd week of September, when the kids are all back at school and the adults have settled into their fall schedule.

NOW is the time to prepare your home to list in September.


1. Have a garage sale

2. Get some exterior painting done during the warm weather

3. Declutter


If you are not sure what tasks will enhance the presentation of your home, give me a call. Decluttering and staging are 2 of my talents and passions!

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Summer time is typically slow for real estate in Vancouver, and Kitsilano is no different. Currently, there are 48 detached homes for sale, the lower end at $1,999,000, a 1927 home on a 33 x 110 lot and a 2305 sq. ft. home.


At the top end, as usual is Point Grey Road water front, with one property listed at $19,980,000.


There have been 4 sales in the last 30 days with a 25 x 120 lot with a house built in 1905 on it, selling for $1,400,000.


It is important to remember that in VANCOUVER, any home built...

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Many Babyboomers are reluctant to sell their homes after raising their families in lovely detached homes. People always say "where will we go?"

Now you can move into a beautiful brand new condo in your same community on the west side of Vancouver.


Alma & 10th by Landa Global is a new four-storey mixed-use concrete development located at the corner of Alma & West 10th Ave.  Contemporary with traditional charm enhances this upscale neighborhood. This project will offer seven retail units...

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According to the Federal Government HOME BUYER'S PLAN, you can use up to $25,000 of your RRSP to help finance a DOWN PAYMENT or use for closing costs.

The RRSP funds must be on deposit for at least 90 days, and you have 15 years to repay it all back.


You must be a FIRST TIME buyer, however, even if you owned a home previously, you can be considered a first time home buyer if in the previous 4 years, you did not own a home.


Before withdrawing the RRSP funds, seek appropriate advice from an accountant,...

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Vancouver city council unanimously approved Tuesday a heritage revitalization agreement to protect the 1930's Hollywood Theatre on west Broadway and allow a six-story mixed use building to be constructed on the balance of the site.


The Company, 4184 Investments LTD., says that the theatre - which closed in 2011 when the building was sold, will be restore to its former glory, and included a comprehensive operational plan in its development application.


Great news, especially to all those who fought...

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Vancouver city council unanimously approved Tuesday a heritage revitalization agreement to protect the 1930s Hollywood Theatre on West Broadway and allow a six-storey mixed-use building to be constructed on the balance of the site.


The company, 4184 Investments, Ltd., says that that the theatre – which closed in 2011 when the building was sold – will be restored to its former glory, and included a comprehensive operational plan in its development application.


Great news!...

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Last year, when my mom passed away, my siblings and I patiently and generously divided up her belongings. What we noticed was that no one really wanted any of the silver ware, especially the fancy coffee and tea set. For most people, it is the big job of keeping it sparkling clean that determines whether they keep it or not.


When my sister investigated where to sell it or donate it, she found that there was not much demand for it. Apparently much of the silver ware is silver plated, not solid sterling...

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Seize assets. Prosecute. Pay whistleblowers.


Those are just a few recommendations Marc Cohodes has to save Vancouver’s economy.

Cohodes is a high profile short-seller and fraud-hunter who earned his reputation finding hidden problems and inflated profits on Wall Street.

Lately, though, he’s turned his attention to B.C.

Cohodes admits he’s friends with B.C. Attorney General David Eby, who last September hired former deputy commissioner of the RCMP Peter German to conduct an investigation...

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It is an onerous task to move after being in one home for decades. What to keep and move to the next place? What to throw out? What to beg the kids to finally take to their own place?!

 

Sometimes you need guidance - ideas or even some muscle! There are many companies to help you do either or both.

I will be posting a series of short videos with my friend Linda Chu of OUT OF CHAOS, who has been helping people in the Vancouver area for over 15 years.

 

I have been helping my Buyers and Sellers,...

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B.C. one of only three regions expecting price declines, finds nationwide survey of recreation specialist realtors.

Although the average price of a recreational property in Canada is expected to increase 5.8 per cent this year, the same can’t be said of B.C. vacation homes, which are forecast to fall in price by nearly three per cent.

Learn more...

 

 

http://www.vancourier.com/real-estate/speculation-tax-reducing-price-of-b-c-s-recreational-homes-survey-1.23326699

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Residential sales forecast to slow further this year but recover next year.

Home sales across Greater Vancouver may be soft so far this year compared with the past couple of years, but that won’t be enough to bring average prices down, according to a forecast by the British Columbia Real Estate Association (BCREA).

Read on...

 

http://www.vancourier.com/real-estate/greater-vancouver-home-prices-predicted-to-keep-climbing-at-slower-rate-1.23322169
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Michael Geller, a contributor to the Vancouver Courier re: real estate/housing issues, always has a clear and calm view of the situation.

Six False Creek affordable housing lots still empty after three decades: Vancouver Sun front page story March 10, 2018

      
While I didn't write this story, I feel partially responsible for it.
     During the recent debate about the forthcoming North-east False Creek development, much was made of the city's promise to include significant affordable housing. This prompted me to comment that this was a noble goal, but before getting too excited about these units, what about the 6 empty social housing parcels lying fallow along the North Shore of False Creek?
     I knew about these parcels because I was given a tour of them by Concord Pacific during the 2008 municipal election. Furthermore, I was involved as an expert witness in a lawsuit over them a few years ago. Following my comments, Lori Cuthbert contacted me. I happily put her in touch with Cameron Gray, who was the City's Housing Director, and while not directly involved in the acquisition of these sites, knew why they remained undeveloped.
     I told Lori that I thought it was outrageous that these sites remained undeveloped, not as a criticism of Concord Pacific, but rather of the city, province and feds who could have come up with a strategy to see these parcels developed with affordable housing, even in the absence of deep government subsidies. Enough said.

     http://vancouversun.com/news/local-news/three-decades-ago-six-big-lots-in-vancouvers-trendy-false-creek-were-reserved-for-affordable-housing-they-remain-empty-today-will-these-600-homes-for-families-and-seniors-finally-be-built