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Blog by Patricia Houlihan - Personal Real Estate Corporation

July 15th, 2008

Waterfront and golf courses aren't protected from falls apparently!

 

This Time magazine article was interesting so I thought I would pass it on http://www.time.com/time/magazine/article/0,9171,1821648-3,00.html

Waterfront sales-cooling like all the others?

July 14th, 2008
Well this should be a great time for waterfront; however if you look around, you will see that the sales of waterfront are just as slow as anything else.  I recently purchased a new waterfront home and I can tell you that I definitely should have waited as there have been some decent buys in waterfront out there lately.  Today an article in the Globe's Report on Business reviews recent r ...

Do changes to the Mortgage Financing Rules

July 11th, 2008

Do changes to the Mortgage Financing Rules really spell doom and gloom for the market? Not Likely!

Yesterday the federal government announced some big changes coming in October 2008.  I think these changes could have the most significant impact in Vancouver, given that it is likely the least affordable city in the country...however, having seen the cover story in the Vancouver Sun ...

The Clothes line dilemna and Vancouver Condo rules

July 11th, 2008
In a recent article in the Georgia Straight, City Councillor Susan Anton was quoted advocating that new homes be required to be clothes line ready.  Anton pointed out the many reasons why clothes lines are not only cost effective but also very environmentally friendly.  She is quoted as saying: "I think laundry on a line is a beautiful sight," but unfortunately many rental units, and con ...

Green building in Vancouver

July 11th, 2008
Well it is great that the City is moving towards a Green Building Strategy/Green Homes Program.  As BC's first (and I think still only) certified EcoBroker, I see a lot of this type of thing across the United States where building green seems to have caught on a lot more than here.  Its great to see us slowly catching up.  Apparently the changes which will come into affect Sept 5/08 will ...

be prepared to show identification

July 10th, 2008

Buying or Selling waterfront (or any real estate) be prepared to show identification!

 

Well money laundering seems to now be affecting all of us! Now, even when a client is not paying with cash, we need to take steps to assist the government in dealing with this problem.  A lot of our clients are people we have known for a long time...however we are now required to see and r ...

How does the downturn in the market affect Vancouver's waterfront properties?

July 9th, 2008

The waterfront/luxury market is slightly different from the general housing market for a number of reasons-but it is not completely isolated from market conditions and is now being gradually impacted by the slowing market. As is obvious from the chart below, we have hit all time highs in prices consistently for several years now and it was only a matter of time before this changed.  Lo ...

Market Update

July 9th, 2008

Most of you have likely seen the front page of the Vancouver Sun the other day-I know at least some of you have called me in a panic about the current state of the Vancouver market and the broader market.  A number of you have also been wondering for a few months what the market is doing.

If you would like me to go over what is happening in your particular area and with your partic ...

Lot 5 Emerald Island, Williams Lake rural, BC

July 8th, 2008

I just finished uploading this Waterfront for sale, Lot 5 Emerald Island, Williams Lake rural, BC

Fabulous opportunity to be one of the few owners on the provincial park of Emerald Island. Just a few lots and the rest of the island is Crown land. Great waterfront lot on warm lake with good fishing. All at a very affordable price. Buy now and enjoy this summer. Located in Lac ...

Waterfront Vancouver Home owners wanting to get away from it all?

July 2nd, 2008
Well having sat on my own waterfront deck, looking out at the ocean and occasionally jumping into it this past weekend, I can't see myself making it to my Okanagan or Nicaraguan properties as often this year.  Having said that, it is nice for a change to get away.  However, since everyone only has so much time, it is sometimes hard to justify owning vacation property that doesn't get use ...