My East Van Blog
Asian Investors and Our Market
Vancouver is becoming one of the most expensive places to live. Vancouver is now the world's second-least affordable English-speaking city in which to buy a home, according to a public-policy firm called Demographia.
There are many theories as to why our market has skyrocketed over the years. One common thought is that this is because of the inflow of Asian investors buying up our Vancouver real es... read more.
Mortgage Rates at 2.99%
Many of the Canadian Banks are now offer fixed rates as low as 2.99%. This is an extremely low rate, as many people remember when rates were above 10% in the 80's and early 90's. This rate won't last for a very long time, and it would be a good idea to get a pre-approved mortgage to lock in the rate for 90 days. If the mortgage rate goes up during the 90 days, you will still get the 2.99%. If the... read more.
Chinese New Year Celebration
Chinese New Year falls on January 23, 2012, and Vancouver has several events to celebrate the Year of the Dragon.
- Gung Haggis Fat Choy Robbie Burns Chinese New Year Dinner - January 23
- Year of the Dragon Celebration at Chinatown's International Village - January 27-29 (Free)
- Vancouver Chinatown Spring Festival & Cultural Fair - January 28-29 (Free)
- Vancouver Chinese New Year Parade 2012 - January 29... read more.
New Renter Website to Help Tenants
Renters who want to avoid moving into an apartment with mould, plumbing issues, and other problems will have a new tool at their disposal soon. This week, Vancouver voted unanimously in favour of creating an online rental database in the city.
According to the city, 85 percent of West End residents are renters, while 52 percent of all Vancouver residents rent.
The database will provide renters acc... read more.
Biggest Rent Increase in 8 Years
Our Residential Tenancy Regulation sets the maximum rent increase, that landlords can increase on tenants each year. This year, that figure is 4.3%. The highest it has been in 8 years. Last year was 2.3%.
Why is it this high? The formula for setting the maximum percentage is [ Inflation Rate + 2% ]. That's right, annual inflation rate jumped up, and since vacancy rates continue to drop in Vancouve... read more.
The PuSh International Festival
The PuSh International Performing Arts Festival is one of Vancouver's signature events. Produced over three weeks each January, the PuSh Festival presents groundbreaking work in the live performing arts.
The PuSh Festival expands the horizons of Vancouver artists and audiences with work that is visionary, genre-bending, multi-disciplined, startling and original. The Festival showcases acclaimed int... read more.
Dine Out Vancouver is Back
Dine Out Vancouver is fast approaching—it runs from January 20 to February 5—and you can now peruse menus online at tourismvancouver.com/dov/. The largest restaurant festival in Canada has 225 eateries participating, with set menus at $18, $28, or $38 per person. Seats at hot spots book up in a flash, but keep in mind that 25 restaurants are offering set lunches, too.
Location Location Location
Interview posted by News 1130:
When it comes to resale value, being close to amenities is something both buyers and sellers should consider, explains Ian Martin with Real Estate Weekly.
Of course we want to be close to everything, but Martin reminds us there is some give and take to consider. "Compromise on size of home, size of lot, location and proximity... the reality is market prices are extrem... read more.
BC Assessment for 2012 is Out
BC Assessment released its data on the value of homes in the province yesterday. While some areas saw values skyrocket, others dropped. Take a look to see how your property's value (and your property taxes) have changed. If you have any questions about the value, don't hesitate to contact our team.
- Vancouver's 192,000 property owners can expect large increases
- Single family homeowners in Vancouver... read more.
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