Protected: Facts by Email #42 – November 2-9, 2015
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Protected: Facts by Email #41 – Oct. 26 – Nov. 2, 2015
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Protected: Facts by Email #40 – October 19, 2015
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Bloomberg calls Vancouver the “costliest city”
At my outlook conferences I stated for 4 years that we had two markets - the very rich and everyone else. 4 YEARS! Now Bloomberg calls Vancouver: North America's Costliest City and says that "Rich Chinese Take the Blame - more and more point fingers at Chinese money"driving prices. Actually when Bloomberg puts it on its front page it
Protected: Facts by Email #38 – October 5-12, 2015
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Protected: Facts By Email #37 – Sept. 28 – Oct. 5, 2015
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Protected: Facts by Email #34 – September 7-14, 2015
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What exactly is a co-ownership property?
Well, in a co-op essentially - residents buy a share allocated to a particular apartment in the co-op building but the building is owned by the Co-op Society. There are two kinds: Profit and non-profit. The non-profit buildings are mostly government sponsored (through loans), have income restrictions and are meant to be given back at no profit. Actually most
Two houses on a double lot in East Vancouver
1. Vancouver, 5 suites in 2 houses on a double (6400 square foot) lot in the Mount Pleasant part of East Vancouver. We have owned the property for 10 years and have steadily increased the rents. They currently gross $89,000 per year and we are looking at raising rents for 3 of the 5 suites on
Canadian housing market – doomed?
There are a lot of doomers out there about the Canadian housing market. First, there was Deutsche Bank as well as our Central Banker Poloz that saw us 30% overvalued. Now CMHC is raising a warning finger. In fact CMHC in its quarterly house price and analysis and assessment of 15 markets says Toronto, Winnipeg and