Month: September 2019
Featured
Metro Vancouver detached prices edge lower
Metro Vancouver single family detached house prices continued their downward trend in September following the large drop recorded in August. The Open Housing Home Price Index (OH-HPI) for Metro Vancouver detached houses – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 3% year-over-year, the September preliminary update shows. Open House […]
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Featured
Vancouver house sells for 41% below assessed
A detached house in Vancouver’s Renfrew Heights neighbourhood has just sold for 41% below assessed, marking a new low in the city’s home prices. 4435 Rupert Street, assessed at $2,083,300 and initially listed for $1,998,000 in June of this year, sold last week for just $1,220,000. Meanwhile, North Vancouver reported a sale 45% below assessed […]
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Featured
“Never lived in” – More Westbank empty homes hit the market
A pair of empty homes advertised as “never lived in” have gone on the market at two different condo projects belonging to controversial Vancouver developer Westbank. Unit 1809 at the 2016-completed Telus Garden located at 777 Richard Street building is listed for $1,488,000. Records show that seller originally paid $773,900 for the property in June […]
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33% off! Desperate developer dishes out deep discounts to clear unsold inventory
A controversial Vancouver developer has had to slash prices of his unsold inventory by as much as by a third after failing to attract buyers to his infill project which had been languishing on the market for nearly three years. Three out of the four units at architect and developer Michael Geller’s ‘Vinson House Cottages’ […]
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Featured
Metro Vancouver detached homes selling for as low as 45% below assessed
Metro Vancouver detached house price decline continues into September, with some homes selling for as low as 45% below assessed. The Open House Home Price Index for Metro Vancouver condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 5% year-over-year, the September mid-month update shows. Looking at the sales […]
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Featured
Metro Vancouver condo market decline spreads to the lower end
Metro Vancouver condo prices continued their downward trajectory in the first half of September 2019 as the housing market decline spreads to the lower end of the market, with condos in Surrey selling for up to 35% below assessed. The Open House House Price Index for condos – calculated using the generally-accepted and transparent repeat […]
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Featured
Vancouver mortgage lenders having trouble locating borrowers to serve foreclosure papers
Metro Vancouver mortgage lenders are finding it difficult to locate their borrowers to serve foreclosure papers as default rates skyrocket. In one instance, the courts granted CIBC permission to email foreclosure papers to Xing Xiu Hua alias Xingxiu Hua after the lender alleged that the borrower “cannot be found after a diligent search and/or is […]
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Featured
Realtor Rankings: Realtor advertising tax avoidance leaps to top spot
A realtor advertising a loophole to avoid taxes has leapt to the top spot in Metro Vancouver realtor rankings, an analysis of sales volumes for the first eight months of 2019 show. Angell Hasman (E.Christiansen) Realtor Eric Christiansen jumped 24 places to clinch top spot with 21 sales totalling nearly $64 million at an average […]
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Featured
Subprime Mortgage lender forecloses on women who amassed Westside properties
A subprime mortgage lender who lent to a woman who bought multiple multi-million dollar Vancouver Westside properties is foreclosing on three of her homes. Reliable Mortgages Investment Corp has listed two Shaughnessy mansions and one Mount Pleasant duplex belonging to Xing Xiu Hua alias Xingxiu Hua as foreclosure sales. BC Supreme Court ordered the sale […]
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Featured
Big flop: How to lose $1.68 million within two years
A West Vancouver property has been flipped within 21 months for a staggering $1.68 million-dollar loss. The numbered company 1141975 B.C. LTD. bought 3560 Creery Avenue, West Vancouver for $8,480,000 on November 8, 2017. The owners put it back on the market on June 3, 2019, for $7,488,000 with Angell Hasman (E.Christiansen) Realtor Eric Christiansen […]
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