FEATURE STORY
Global Forces, Demographics and Real Estate
A look at the big picture: In the midst of a changing and volatile market, now is a good time to evaluate your long-term real estate investment strategy against the template of the global and demographic trends.
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ALSO IN THIS ISSUE:
Gen Y Into Real Estate
According to the U.S. National Association of Realtors, here are some facts about Gen Y, which NAR says is the biggest demographic bulge since the baby boomers.
What Went Down At The Ritchie Auction
The results of the sale give an indication of real bargains at no reserve auctions, and perhaps the true market value of some recreational real estate.
Wall Street Journal Says Vancouver Office Market Tops Manhattan
Vancouver, the Journal says, 'has turned into an unexpected oasis in the bleak desert of the commercial real-estate market.'
CMHC Rental Survey Shows Big Changes In B.C.
In Metro Vancouver, the apartment vacancy rate is now 1.9%, up from 0.9% last year. Victoria is up to 1.2%, from 0.3% a year ago. Kelowna, which was as at a record low of 0.3% in April of 2008, is now at 2.9%.
Blowout Prices Come To Calgary Condos As The Rental Vacancy Rate Is Rising
Calgary is starting to see the type of blowout sales of new condominiums that have proved so successful in Vancouver.
Alberta Takes Lead In Default Mortgages
Albertans have fallen at least three months behind on payments on 2,579 mortgages from major banks, according to April figures.
Welcoming The World To Vancouver
After opening in April 2009, Vancouver Convention Centre's expansion has been both the talk of the town and the talk of the meetings and conventions industry around the world.
Recovery Forecast For B.C. Second-Tier Cities
Average MLS resale detached housing prices in Nanaimo, Kelowna and Prince George, the three largest interior cities, will see a mixed market next year as compared to 2009
Latest Stats Show U.S. Housing Recovery (Kind Of) Underway
On a year-over-basis U.S. house prices are down 13% but the volatility of the trend line is less than in 2008.
Commercial, Not Housing, Best Play In Fort Mac
The Fort McMurray housing market has slowed sharply - and the rental vacancy rate has risen faster than anywhere in Alberta - but the commercial real estate market is red hot.
Staging Starts With Clearing Out
Vancouver-based home stager Dana J. Smithers says the first phase in preparing a home for sale is to 'declutter'. The second is to take a critical look at your furniture and artwork.
Being A Tough Landlord
Did you have a landlord from hell when you were younger? Someone who always managed to wring the last possible dollar from low-income apartment tenants like yourself.
Canadians Love Buying Homes
Canada has become a nation of home owners, according to the Bank of Nova Scotia.
Empty Nest? How To Make Money From Your House
If you're reading this column, chances are it's been awhile since you sold lemonade from a stand in front of your house. But entrepreneurial spirit never dies. So here are some grown-up ideas for making money from your home.
Recreational Property Sales Should Increase
A pair of studies this month, from Re/Max and Royal Lepage, show that the recreational real estate market still has legs.
Major, Major Point
Inflation numbers just do not compute. Anyone who has bought anything in the last few months knows that prices are rising, in some cases soaring.
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