CondoAdvisory Blog

Interesting article in the Globe and Mail sheds light an the long standing Myth thay a high percentage of DT Vancouver condos are owned for overseas investors and sit empy. Read here.

Well this is an interesting question and it amazes me how many people have an opinion on this. Bottom line is markets go up,  markets come down. Yes in this case the increase was extreme maybe and fueled by greed maybe, but what else is new. In the end the market will bear what it [...]

Latest Press Release and Stats from the Real Estate Board of Greater Vancouver.
Home listings withdraw as sales volume slows
VANCOUVER, B.C.  February 3, 2009  The 1st month of 2009 saw a continued reduction in the
number of homes listed for sale in Greater Vancouver, while sales volumes in January were the lowest
for that month since the early [...]

Well it seems the trend to greener condo projects continues. Of course we really are not sure what “Green” really means and there are a number of different opinions as to whether any of this is really significant or just good marketing. I have to agree that there is always some marketing involved in these [...]

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 [...]

Well just another sign that the market is changing, Wall Financial has decided to cancel the development of condos on its False Creek site and instead move ahead with plans for a rental building instead.
They feel that there are enough condos currently to handle to demand out there, so they will add to the rental [...]

Photo Courtesy of: SqueakyMarmot
Looks like the city is planning to slow or even stop residential development in the Core/Financial district of downtown Vancouver. The idea is that it will help spur more commercial or office development which has been moving away form downtown due to lack of space and high cost.
Personally I this makes sense [...]

OK, I have to admit I am contributing to this ongoing story which even I am getting sick of quite quickly.
It seems that there are no shortage of stories about this, click here to see the one that got me going again.
Bottom line is that the decisions that were made around this project were made [...]

What a great idea, looks like the government is going to undertake an official way to rank property developers in Dubai. With all the recent turmoil in the real estate market and with developers, this seems like a good start. Condoadvisory.com offers a great place for people to rate and review developers based on their [...]

Well it is amazing how much diversity in information you can find out there. In yesterday’s Peace Arch News Article “City rings in new year to uncertain economy” it talks about multi-family units still being preferred over singe family for a multitude of reasons. I don’t disagree but this is certainly contrary to other reports [...]