Derrick Penner, Vancouver Sun, Friday, November 28, 2008
Phones are still ringing at Tourism Whistler’s booking office, offering some hope to a waning Whistler real estate market.
“Our real estate activity does flow from our tourism activity,” Patrick Kelly, an agent at the Whistler Real Estate Co., said in an interview, “particularly where the international — American and European — market is concerned.”
“If they don’t come [to visit],
Derrick Penner, Vancouver Sun, September 13, 2008
At first blush, the top end of British Columbia’s real estate market seems to follow that old observation about the rich being different from the rest of us.
Agents recorded 30 sales of mansions over the $5-million mark during the first seven months of this year, according to research by Landcor Data Corp.
The January sale of 3330 Radcliffe Ave.
Derrick Penner, Vancouver Sun, September 5, 2008
It’s a buyer’s market in real estate around British Columbia, according to a new Landcor Data Corp. report, although company president Rudy Nielsen reckons buyers are just sitting on their hands for the time being.
Landcor tracked lower sales and slower price gains in most markets around the province to the end of June. The median prices of some home types dipped into negative territory from the first to the second quarter,
Derrick Penner, Vancouver Sun, August 21, 2008
History suggests the Canada Line rapid transit corridor could spur a post-2010 Olympics residential growth spurt around its stations for decades after the Games, according to a research report released this week.
It is the patterns of development that sprouted around SkyTrain’s Expo Line that also point to the Canada Line’s potential, Landcor Data Corp. said in its report.
Landcor also found that Squamish recently has also received an infrastructure-aided boost to its real estate market with improvements to the Sea to Sky Highway,
John Mackie , Vancouver Sun – May 23, 2008
People have been cashing out of the Lower Mainland and seeking the good life on Vancouver Island, the Okanagan or the Sunshine Coast for decades. The trend has only increased in the last few years as the baby boomers flex their financial muscle.
“Certainly the recreation market has been led by the baby boomers entering or nearing their retirement years,”
Gillian Shaw , Vancouver Sun – May 23, 2008
Want a good deal on a marina? Now could be the time, with the “for sale” list stretching from the southern Gulf Islands to fishing resorts up the coast.
But don’t expect fire-sale prices, despite skyrocketing fuel costs, a strong Canadian dollar, and a weakened economy across the border all contributing to declining tourist visits to Canada.
Marinas have a lock on oceanfront,
Derrick Penner , Vancouver Sun – April 26, 2008
1. Albertans are buying up B.C’s recreational property.
Reality
While 94 per cent of all property sales in 2007 involved British Columbians buying B.C. real estate, Albertans were the biggest out-of-province consumers of ski chalets, resort condos and lakeside cabins, as measured by the destination of property-tax notices.
In 2007, B.C. land title records show out-of-province buyers bought 9,375 vacation homes valued at $3.8 billion,
Derrick Penner , Vancouver Sun – April 26, 2008
Spring has sprung and Lower Mainland residents’ fancy has turned to real estate.
Is it time to buy or time to sell? What room should you renovate? What needs to be landscaped?
Lower Mainland residents spend more on real estate than anywhere else in the country, and generally, are as knowledgeable about the subject as anyone. But how much do they really know about their homes?
Derek Penner, Vancouver Sun, April 15, 2008
British Columbia experienced a residential land rush in 2007 with buyers snapping up more than 12,000 vacant properties over the year worth more than $3 billion, according to research by Landcor Data Corp.
Vacant land sales were only a fraction of the 158,272 properties worth a record $62.2 billion that traded hands in 2007, but sales of lots rose substantially while overall residential sales waned.
Derek Penner, Vancouver Sun, November 19, 2007
The flip in the Canada-U.S. currency advantage is encouraging some American owners of B.C. real estate to take an exchange-rate gain by selling their properties, realtors are beginning to notice.
“We are seeing some activity that is the result of people assessing the exchange-rate situation and deciding to [sell] now rather than later,” said Patrick Kelly, president of Whistler Real Estate.