Hot Tip

/Hot Tip

September 2018

21 Ways To Sell Your Home Faster

By |2018-09-17T19:27:43+00:00September 17th, 2018|Hot Tip|

“INNOVATION IS THE CREATION OF THE NEW OR THE RE-ARRANGING OF THE OLD IN A NEW WAY.”  Mike Vance, Dean, Disney University

( These are just suggestions. Work out the details with your preferred realtor. Much success! Ozzie) #Ozbuzz

When selling a home (or anything else for that matter), the marketing effort must be coordinated on all fronts. It also must be superior to the competition.This is especially true in a buyers’ market where the homes sitting on the market seemingly outnumber the potential homebuyers.

In such an environment, you must lift your home out from this crowdand highlight it in the best way […]

April 2017

March Market Report

By |2017-04-08T12:39:43+00:00April 8th, 2017|Hot Tip|

  • Sales higher in Toronto (+18%) Calgary (+20%) and Edmonton
  • Sales lower in Vancouver (-31%), Fraser Valley and Victoria (-17%)
  • Toronto sales of 12,077 are more than Vancouver, Calgary and Edmonton, Victoria and Kelowna (10,751) together
  • Average prices higher ALL CITIES, down in Vancouver
  • Alberta jobs higher in March (highest percentage increase in Canada)
  • SF homes and condo sales have decoupled in the Lower Mainland

Normal General rules

Sales higher, listings lower = prices higher later

Sales lower, listings higher = prices lower

NOW in Vancouver – THE NEW NORMAL:

Sales lower and listings lower … prices hanging in there

MAJOR POINT

  1. Last March/April sales were at all-time highs. Likely, we are […]

March 2017

URGENT NOTE: Your Home Profit Is Now Taxable (In Part!)

By |2017-03-18T10:56:26+00:00March 18th, 2017|Hot Tip|

The Trudeau Liberals announced that you now have to report the sale of your home on your income tax return. Up until now when you sold your ‘primary residence’, you didn’t have to pay any taxes on the money you may have made as profit.

December 2016

Farmland Tax

By |2016-12-03T11:07:52+00:00December 3rd, 2016|Hot Tip|

If you own farmland … get ready for the foreign tax applied to it.

(See more at www.factsbyemail.com)

 

NEW! Christmas Offers!

Outlook 2017 Issue

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Christmas Offers

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November 2016

September 2016

Four reasons why BC is not in a bubble (though it looks that way)

By |2016-09-19T10:27:21+00:00September 19th, 2016|Hot Tip|

B.C.’s housing market is not in a bubble. A bubble is when a buyers’ market appears and this is when the sales-to-listing ratio for MLS action falls below 12%. In that scenario only two areas of the province now favour buyers: The Kootenays, with a sale to listing ratio of 8.7%, and northeast B.C., where the ratio is 9.8%.

In Greater Vancouver and the Fraser Valley, the ratio is holding at around 30%, but it has dropped to below 12% for some higher price ranges in the city of Vancouver. 

In Victoria, the ratio is over 25% and starting to trend even higher due to a lack of inventory. 

    […]

Alberta – now is the time for low-ball offers

By |2016-09-10T11:31:21+00:00September 10th, 2016|Hot Tip|

We have always like Calgary and Edmonton and in my newsletter we recommend buying there again – but not yet!

A close look at the two cities shows both condo markets are holding up, perhaps surprisingly, well, but there are marked differences.

Here is a look at the Calgary and Edmonton condo markets as of July 30, 2016.

Resale condo sales:

  • Edmonton is the clear leader, with 2,625 sales from 6,295 listings, reports the Edmonton Real Estate Board.
  • Calgary saw 1,669 sales from 4,489 listings, reports the Calgary Real Estate Board. (The Board says condo sales in Calgary are at the lowest level […]

August 2016

Island living? The summer is the worst time to buy island property

By |2016-08-15T13:31:05+00:00August 15th, 2016|Hot Tip|

Recreational island investing … often it is better to poke yourself with a sharp stick in the behind.

8 reasons why you have to be very careful:

Things to do – why you should be doubly careful when investing In Your Island in the Sun

  1. We forget that islands take ferries (some take 3 ferries)
  2. Building at waterfront could be impossible (can no longer go to the water – 100 m away?)
  3. Buying on a “No ferry islands” – boat access only – hardly any use?
  4. Location – west / southwest view is best – look where your island property gets the sun? Morning or afternoon sun?
  5. Mortgaging difficult – if owner carries – get 10 years length!
  6. WATER: water well […]

June 2016

May 2016

Old low rise apartment buildings are the ticket

By |2016-05-07T11:13:08+00:00May 7th, 2016|Hot Tip|

Old, low-rise rental apartment buildings in New Westminster are now selling for around $160,000 per door and for upwards of $440,000 per door in Burnaby’s Metrotown!

But, prices are also rising in Surrey, Langley and as far out as Abbotsford as the blast radius from Vancouver’s multi-family boom continues to spread.

The big mover is Burnaby, because the city has no restrictions on replacing apartment suites when an older builder is torn down (unlike Vancouver).

Many Burnaby sales, especially in the Metrotown, Lougheed centre and Brentwood area, are pure offshore-investor land speculation plays, which drives up the per-suite cost. (Burnaby accounted for 47% of total suburban apartment building sales last year.)

From this week’s Facts By […]