The hot spots in Vancouver real estate has been identified with buyers in bidding wars paying significantly more than the asking price for their dream home.
Certain neighbourhoods in Vancouver are becoming real estate hot spots, with buyers in bidding wars sometimes paying significantly over asking the asking price to settle in their dream location.
According to Ray Harris at the Real Estate Board of Greater Vancouver, homes listed in Vancouver East are typically selling 15 days faster than those listed in other parts of the city.
The area, he says, is the hottest it's been for three years.
Realtor Lorne Goldman identifies the Main and Fraser neighbourhoods as the most popular right now, with demand significantly outstripping supply.
He says it's not unusual for sellers to receive nine or 10 offers.
"Frequently, there are offers with hundreds of thousands over the list price," he says. "Recently one sold — on a 33 foot lot — for $1.53 million. The prices are escalating promptly in that area."
Just a few blocks west, in the Cambie area, realtor Clair Rockel says June is typically a slower month, but that's ...
According to Bloomberg, Canada is the second best country to do business, jumping up from the number 6th spot in 2012 because of the receptivity of its consumers, measured by the size of its middle class, household consumption and GDP per capita.
For the third year in a row, Bloomberg Rankings presents its exclusive analysis of the world's most attractive countries for business according to 2013 data.
Hong Kong again tops the list, thanks in part to the low cost of starting a business there. Canada jumped from sixth place to second largely because of the receptivity of its consumers, measured by the size of its middle class, household consumption and GDP per capita. The U.S. fell from second to third place, as the cost of setting up a business there increased considerably relative to other countries.
The BRIC countries mostly improved their standing this year. Brazil jumped from 61st place to 38th; Russia went from 56th to 44rd place; and India climbed from the 54th position last year to the 48th slot this year. But China continued to slide, dropping from the 19th position in the ranking's first year ...
A prestigious new scholarship program invests in Canada’s next generation of global leaders, providing up to CAD$40 million in scholarships in the first five years to new and current university and college students.
The new Canadian Queen Elizabeth II Diamond Jubilee Scholarships will help develop the next generation of innovative leaders and community builders, both locally and globally, say Canada’s universities and community foundations.
The Association of Universities and Colleges of Canada (AUCC) and Community Foundations of Canada (CFC) are proud to partner with the Government of Canada and the Rideau Hall Foundationin the program, which was announced today by Prime Minister Stephen Harper,following a meeting at Rideau Hall with His Excellency the Right Honourable David Johnston, Governor General of Canada, and the Right Honourable Jean Chrétien, former Prime Minister of Canada.The initiative will provideup to $40-million in scholarships in its first five years.
“The Canadian Queen Elizabeth II Diamond Jubilee Scholarships offer young people in Canada and throughout the Commonwealth an outstanding opportunity to gain research-based global experiences that will ...
Last fall, Canada has seen a huge increase of international investors who are investing on luxury real estate, mostly in Vancouver and Toronto, and has fuelled Canada’s luxury real estate market.
TORONTO – Sales of luxury homes will likely gain momentum in the fall, fuelled by demand from international investors, according a new report from real estate sales and marketing company Sotheby’s International Realty Canada.
The report released Tuesday suggests the largest proportion of foreign buyers will be from China, Russia, the Middle East, India and the U.S.
Elli Davis, a sales representative with Royal LePage in Toronto, says many foreigners buy condos for their children to live in while they attend school in Canada.
“I’m seeing a lot of foreign names on showings of all of my listings,” said Davis.
“More foreign names than not.”
The Sotheby’s report says the high-end condo market in the Greater Toronto Area has rebounded after a slower start to the year, a trend that is expected to continue into the fall.
“There were a lot of numbers that were starting to look worrisome in Toronto,” said Sotheby’s president ...
Today, people have a lot of choices in terms of what to invest in – stocks, bonds, gold, cash, etc. But Canadian Real Estate Magazine has the top 10 reasons why real estate investment is your best option.
Forget shares and term deposits. Here are 10 reasons why you made the right call to invest in property.1. You have more leverageProperty offers more financial leverage, and the more leverage you have, the more quickly you can build wealth says Rocket Property Group founder, Ian Hosking Richards.“For example, if I purchase a property for $400,000 I can put down a 10% deposit and borrow 90% from the bank. If that property increases in value by 10% I have made $40,000, because I have only contributed 10% of the purchase price but I get 100% of the growth,” he explains. “So if it goes up in value by 10% in the first year I have effectively received a 100% return on ...