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Blog by Kevin Wong

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South Granville Open House!

March 31st, 2012

We are proud to announce that this Apr 1st, 2:00 PM to 4:00 PM we will be hosting an Open House at 7050 GRANVILLE Street in the South Granville neighborhood, Vancouver West. This is an opportunity to visit this excellent House for sale in beautiful South Granville.

Please come with any questions you may have. In the meantime you can take a virtual tour of this South Granville House for sal ...

7050 GRANVILLE Street, Vancouver West, British Columbia

March 31st, 2012

I just finished uploading this House for sale, 7050 GRANVILLE Street, Vancouver West, British Columbia

Centrally located prestigious South Granville area. 50 x 120 big lot, 2,350 sf house.Central location, shopping, transit nearby, and ease to access to UBC, Downtown, Richmond & Vancouver International Airport. Close to Top school: Churchill Secondary & Osler Elementary.Manicured garden,there ...

2001 5833 WILSON Ave, Burnaby South, British Columbia

March 28th, 2012

I just finished uploading this Condo for sale, 2001 5833 WILSON Ave, Burnaby South, British Columbia

Spacious north exposed corner suite at the "Paramount" built by Bosa. Fantastic unobstructed views of the Northshore mountains & Deer Lake. Over 1200 SF that includes 3 bedrooms & 2 bathrooms. Sizeable balcony ideal for BBQ's entertaining & enjoying the views. Previous owners renovated the kit ...

Charting U.S. Real Estate Desires Of Canadian Buyers

March 28th, 2012
Homebuyers from Ontario -- Canada's wealthiest and most populous province -- were among the most active in 10 U.S. real estate markets identified as international hot spots in an Inman News report released this month.

In that report, "10 Hot Spots for Global Homebuyers," Inman News explores the 10 most popular areas in the U.S. for foreign homebuyers, based on publi ...

Home Affordability Uncertain For Many With Even Small Rate Hike: Report

March 28th, 2012

An interest rate hike of 2 per cent would leave four-in-10 Canadians unsure about whether they could afford their homes, according to a new study from the Bank of Montreal.

The survey, compiled for BMO by Leger Marketing and released Wednesday, found 43 per cent believe an interest hike would either hamper their ability to pay or leave them on unsure footing.

One-in-five Canadians s ...

Skyrocketing House Prices Bound To Come Down, BMO Head Says

March 22nd, 2012

Concerns about the sustainability of the high-flying Canadian housing market are “legitimate,” especially in the largest cities, the head of one of the country’s biggest banks said Tuesday as a price war rages across the financial sector over mortgage rates.

Bank of Montreal chief executive officer Bill Downe told the bank’s annual meeting in Halifax that soaring household debt level ...

Expect 'Modest' Cuts, No Housing-Market Moves In Budget: Flaherty

March 22nd, 2012

Next week’s federal budget will only contain “modest” spending reductions and will be primarily focused on longer-term issues like reforming Canada’s innovation and immigration programs, says Finance Minister Jim Flaherty.

Speaking to reporters Thursday exactly one week before he releases what is expected to be a weighty and wide-ranging federal budget, Mr. Flaherty portrayed ...

Vancouver Real Estate Market Places Pressure On Downtown Eastside: City Report

March 22nd, 2012
Gentrification is kicking into high-gear in Vancouver’s Downtown Eastside with the of bulk new housing taking the form of condos for sale or apartments renting at market rates.

The growth in market units is projected to outpace subsidized housing, which rents at non-market rates, in the near future, according to a city staff report.

There are currently 6,706 non-market rental units ...

Telus Plan For Second-Tallest Tower In Vancouver Now Includes Condominium Units

March 22nd, 2012

At 53 storeys high, the new residential condo tower that’s part of Telus’s redevelopment of a downtown city block will be the city’s second-tallest building, and it’s being built in an area the city zoned off limits to residential construction.

Rezoning for the 500,000-square-foot tower, part of the $750 million redevelopment Telus Garden that also includes 500,000 square feet of ...

B.C. Apartment Building Sales Soar

March 21st, 2012

B.C. rental apartment building sales are soaring as private investors take advantage of low-cost financing, according to commercial real estate broker Avison Young’s latest B.C. multi-family investment report.

Multi-family investment volume reached $377 million in 2011, a 43-per-cent increase over 2010, and the number of transactions increased to 35 from 20, Avison Young said.

R ...

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