CondoAdvisory Blog

In this time of a declining activity and prices in the real estate, there are numerous incentives being offered to buyers from developers, Vendors, Banks etc.
These can range form such things as the Developer or Vendor paying the commissions on Selling your current home to cash back and new cars.
There are a few reasons to [...]

This just never goes away, sorry to be writing about it again, but again I stumbled across an interesting article on this topic.
The Globe and Mail Article Dark Clouds Keep Rolling in on BC’s leaky condos
Points to several current situations where owners may be on the hook for up to $150,000 per unit, and this [...]

Seems like an obvious answer, in the past is has always been the Buyer who makes the fist move, writing an offer.
But think about that for a minute, is it really the Buyer, the Seller is the one that has put their unit on the market and offered if for sale.
Same idea with products, really [...]

It seems there is once city in Canada that is not seeing projects fail, put on hold etc. during these uncertain times. Edmonton has seen a decline in Real Estate prices over the last year that is equal or greater than many other cities in the country, yet they seem to be immune so [...]

Well it seems like it has been a while since we saw a project halted or in trouble in Vancouver, probably at least a week.
This week it is Jameson House, a High end high rise development in Vancouver’s Business District. You van read the full story in the Globe and Mail, November 14th.
Seems that it [...]

I wrote about the $100Million loan issue when it first hit and at the time did not think it would become as large an issue as it did. It seems to me that it has spun out of control and the issue has become one of who should have been told what, secret meetings, campaign [...]

Seems like I am talking about leaky condos a lot these days, not sure why. I came across an interesting article today that puts a different spin on who should be paying for the repairs.
Of course until now it has always been the owner that pays the tab, maybe in the odd instance the developer [...]

Seems that the question on everyone’s mind today is whether or not to Buy real estate. Whether it be for investment or living, the uncertainty in the markets and in general has people second guessing any decision to spend money and has made it possible for everyone to be an expert on the [...]

By now I am sure we all know what a leaky condo is, and we all know it will cost money to fix.
Unfortunately the average person will never be able to fully understand what work needs to be done and what work does not need to be done in order to fix a building. [...]

We as sellers have become accustomed to pushing the buyer to take the dates we want, the terms we want, the price we want, and a quick subject removal. Our Realtors have told us we can shoot for the moon and get there most of the time. We listened to them when they were telling [...]