CondoAdvisory Blog

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 [...]

With all the cancelled and delayed developments in the news lately, it is refreshing to see a developer taking a different approach to the changing market conditions. Vancouver Developer Rycon has responded to the changing market by adding smaller lower priced units to a project it is selling in Kelowna. Rather than cancelling or delaying, [...]

I guess it comes as no surprise that the city is injecting money into the Olympic Village to help insure the Developer, Millennium finishes the project. Now I understand that it is not an option, weather to finish or not as we will need it come 2010, but Millennium is a private developer like all [...]

In a recent post I told you about a developer that was continuing to market a project when it had been put on hold. Three days later the Financial Institutions Commission released a alert to inform consumers of the laws around this type of activity. It is good to see that there are provisions in [...]

In an earlier post I told you about a Survey J.D. Power and Associates was conducting to rate local developers. This was supposed to be coming out in November sometime but it has now been put on hold. I contacted them recently to find out when it would be available as I wanted to let [...]

Photo courtesy of Mussels In this time of turmoil and uncertainty, it seems there are still those that are positive about Vancouver Real Estate, especially downtown Vancouver. The point being made is that downtown is a desirable location with a relative shortage of accommodation, don’t forget people always need a place to live weather they [...]

Your daily project failure list is updated again. It seems we can’t get a break form major condo projects being put on the blocks for one reason or another. Surrey’s Sky Towers fails to get financing Although this is obviously concerning, and coupled with the news we see every day it scares a lot of [...]

Gauvin 2000 Construction has been conducting a 3 year experiment on building envelop technology. It is great to see that someone is taking an active interest in ensuring that the leaky condo issue will be one of the past rather than timeless. It is often easy to rely on one method and think that it [...]

Onni, a major developer in Metro Vancouver is being investigated by an arm of the provincial government after CTV found it was still selling condos even though construction has been halted at one of its projects, V6A at Main and Union. This puts yet another twist in the ongoing concerns over developers and new developments [...]