vanre Archives - Page 9 of 12

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 […]

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 […]

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 […]

Featured

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’ […]

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 […]

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 […]

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 […]

Featured

Metro Vancouver detached home sale volume plummets 83% from peak

In the 30 days leading up to March 15, 2016, Metro Vancouver detached home sales volume averaged a staggering $159 million dollars a day. In the 30 days leading up to August 30, 2019, the figure had dropped to just $26 million –– an 83% plunge. This represents a year-over-year drop of 21% across the […]

Featured

Incredible views meet tax avoidance opportunity at this West Vancouver property

A West Vancouver property is being advertised as offering both incredible views and an opportunity to avoid taxes using the bare trust loophole. “Incredible opportunity to purchase an incredible view lot in situated on a private cul-de-sac in an amazing location,” reads the listing for The bare lot at 5644A Westport Road in Eagle Harbour. […]

Featured

Metro Vancouver detached house prices fall to lowest level since 2016

Metro Vancouver detached house prices fall to lowest level since 2016, marking a 20% drop from the March 2018 peak. The Open House Home Price Index for Metro Vancouver condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 10% year-over-year, the August preliminary update shows. In the City of […]