Kelowna sees a real estate gold rush

Kelowna sees a real estate gold rush

Commercial property broker Marshall McAnerney had been working as an executive in the U.S. when he decided to relocate to Kelowna to be near family.He figured he’d get into real estate there. He’d seen the urban revitalization of the industrial Pearl District in Portland, and there was no reason Kelowna...

One-bedroom west Vancouver condo sells at asking price

One-bedroom west Vancouver condo sells at asking price

2851 Heather St., No. 607, VancouverAsking price: $729,000Selling price: $729,000Previous selling price: $349,900 (2008)Days on market: 12Monthly maintenance fee: $289.14Taxes: $1,983.62 (2021)Listing agent: Cesar Pineda, Sutton West Coast RealtyBuyer’s agent: Shali Tark, Sutton West Coast RealtyThe seller received one offer on the condo at the listed price, subject to a...

False Creek South under fire

False Creek South under fire

Last week, Vancouver released the results of a month-long survey that asked citizens what should be done with the city-owned land of False Creek South. Vancouverites are familiar with the cluster of 1970s stacked townhouses that hug the southern False Creek shoreline, and sit between Cambie and Burrard Street bridges.Through...

Three-level Vancouver townhouse sells quickly with multiple offers

Three-level Vancouver townhouse sells quickly with multiple offers

3820 Welwyn St., VancouverListing price: $1.258-millionSelling price: $1.268-millionPrevious selling price: $530,320 (2006)Days on market: nineTaxes: $3,244.58 (2020)Monthly maintenance fee: $387.18Listing agent: Mary Cleaver, Re/Max Select RealtyThe sellers accepted an offer within two days of listing it. Showings were held on a Wednesday and the sellers received two offers that night....

Top bid and a bank draft wins Cedar Cottage house

Top bid and a bank draft wins Cedar Cottage house

3721 Beatrice St., VancouverListing price: $1.499 millionSelling price: $1.625 millionPrevious selling price: $216,800 (2001); $240,000 (1993); $203,800 (1991); $88,000 (1986)Days on market: 5Taxes: $4,771.79 (2021)Listing agent: Shali Tark, Sutton Group, West Coast RealtyThe sellers bought the house in 2003 but retired and moved away. The buyers will likely hold the...

Buyer cuts a deal on downtown Vancouver condo

Buyer cuts a deal on downtown Vancouver condo

1009 Harwood St., No. 505, VancouverAsking price: $799,900Selling price: $788,000Previous selling price: $770,000 (April, 2020)Days on market: 2Taxes: $2,205.95 (2021)Monthly strata fees: $342.26Listing agent: Frederick Trudeau, TRG The Residential Group RealtyBuyer’s agent: Ian Watt, Sutton Group West Coast RealtyBuyer’s agent Ian Watt said his client came to B.C. to work...

The great Canadian real estate fallacy

The great Canadian real estate fallacy

Flipping through The Globe and Mail’s real estate section these days is a boggling experience. This Friday’s showed clear signs of madness at both the high and low ends of this season’s red-hot market. A four-bedroom, “neo-classical” mansion in Oakville, just west of Toronto, recently sold for $18-million. A three-bedroom...

Big-city housing affordability is over. Now what?

Big-city housing affordability is over. Now what?

Someone needs to level with young adults hoping big city houses can be made affordable again.These millennials and members of Gen Z are looking to government to cool the housing market and they’re starting petitions and letter-writing campaigns to advance their cause. Unfortunately, it’s too late for a lot of...

New Westminster penthouse sells after price is slashed

New Westminster penthouse sells after price is slashed

580 12th Street, Unit 407, New Westminster, B.C.Asking price: $615,000Selling price: $515,000Days on market: 120Taxes: $2,122.06Maintenance fee: $395.57Listing agent: Greg Dent, Re/Max Select RealtyThe unit had been listed previously, last summer, for $850,000. Agent Greg Dent, who took over the listing, says the original summer listing price was too high....

Large New Westminster, B.C., house draws three offers

Large New Westminster, B.C., house draws three offers

220 Durham St., New Westminster, B.C.Asking price: $2.098-millionSelling price: $2.098-millionPrevious selling price: $844,000 (2014)Days on market: 15Taxes: $9,515.55 (2020)Listing agent: James Garbutt & Denny Dumas, Keller Williams Elite RealtyListing agent James Garbutt said that it’s rare new houses of this size in New Westminster, B.C.'s Glenbrook Northcome neighborhood come on...

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