Archive for the 'Buying' Category

651 Nootka Way, Port Moody, Gangster Jonathan Bacon Calls This Home!

February 26th, 2009

A recent review on condoadvisory.com brought to the public`s attention the home of know criminal Jonathan Bacon. As he is a likely target in the Gang world this is probably not a person you want to be close to. This is unfortunate for the residents of the building but certainly it is of great value [...]

Still A Case To Be Made For Buying Condos!

February 19th, 2009

I just came across and interesting post on a Florida site called condovultures.com
Seems that all the doom and gloom may come around after all. In Florida there has been a recent surge in condo sales, although by recent I mean 7 days so not sure how useful this is for long term trending, but an [...]

Condo Buyers, Beware of Noise in Wood Frame Buildings

February 12th, 2009

It is a fact that there is always going to be some noise when you are living in a condo building, wood frame or concrete. Of course this can also change as people move in and out of the building etc. and there is really nothing you can do about that. What you can do [...]

Vancouver Developer Sues Buyers For Backing Out on Condo Pre-Sale Contracts

February 5th, 2009

Well surprise surprise. We all know this was coming. Onni has decided to sue buyers who did not complete on pre-sales contracts. There a always numerous angles to look at things from, but in the end there is a contract and that is the end of the story. Buyers need to make sure they understand [...]

Condo Market Downturn Has Positive Long Term Effects!

February 2nd, 2009

With slow times in the Real Estate market developers and builders must look for more efficient ways to produce their product so they can offer it at more reasonable prices. The fact is that when times are good and things are moving fast there is really little incentive to look for these efficiencies, not to [...]

Is Condo Living For You?

February 1st, 2009

It is a common question for those living in houses and thinking of downsizing to a condo, is it really for me? One idea that has been brought up recently is the possibility of developers allowing people to rent out finished units for a couple months to see if it is for them. Interesting idea [...]

Buyers Beware, Condo Developers May Sue if You Don’t Complete.

January 23rd, 2009

Well this really is not a surprise, but it is just something that we have not really seen much of before. A couple in North Vancouver is now involved in a Lawsuit with a developer for not completing on a pre-sale contract. The Developer is going after 7 in total right now. Read full details [...]

Condo Developers Coming Back to Market Prices!

January 22nd, 2009

Well it about time. First we saw the marketing effort by Onni and MAC Marketing to get condos moving again. As I discussed before, it mostly amounts to them coming back to where current market values are rather than being over market which they have been since the beginning. That seemed to work in an [...]

Condos and Handicap Parking, Not That Simple.

January 15th, 2009

Photo Courtesy of: Ma1974
when buying a condo there are a number of things to take into consideration, the bylaws, the rules and regulations, how much money is in the contingency fund, how old is the roof etc.
Now lets say you are in a wheelchair, there are probably a few other things to take into consideration, [...]

Condo Developments Relying on Future Transit May Be Impacted…

January 11th, 2009

There may be many that have been counting on future Transit developments such as the Evergreen line to add value to their condos, or may have purchased because of the coming transit.
Well it looks like there could be more hold ups for such transit projects as noted in the Vancouver Sun article “Evergreen Line delay [...]

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