Vancouver real estate deals, news, and everything about Vancouver

  1. "a Chinese company known for building a giant resort development in Qingdao on China's east coast ... describes its Vancouver property alongside its resort, luxury condo and villa real estate projects in Qingdao, Chengdu, Beijing and Hong Kong."


    "Today’s graphic, using data from the annual Global Wealth Migration Review, maps the migration of the world’s millionaires, and clearly shows which countries are magnets for the world’s rich, and which countries are seeing a wealth exodus"


    "Everyone needs and deserves housing. But today our homes are being transformed into commodities, making the inequalities of the city ever more acute. Profit has become more important than social need."


    "housing sales and values are clearly now in reversal, and it appears that the tap from Asian investors into commercial property is also starting to close ... a drop from the more-than $1 billion ... in each of the previous two years"


    At least they got the crows right in this architectural drawing, must be just before dusk heading east.   "Proposals for two 14-storey rental buildings for the corner of East Hastings and Kootenay."


    $2,880,000, SOLD in 2016 for $3,300,000. "The living is easy in this impressive, generously proportioned residence nestled within towering evergreens on an ample 17,000 plus, sq ft, perfectly flat corner lot in the heart of beautiful British Properties."


    Asking $2,998,000, Sold in 2016 for $3,615,000. "Located in the prestigious and highly sought after Greenwood street. Own a home amongst some of the most expensive homes in British properties. Many homes have sold over 8 million dollars on this street,"


    Will there be a Kits-like backlash here...? "20% secured for moderate income households earning between $30,000 and $80,000 a year. The rezoning application for the 14-storey mixed-use building includes 94 residential rental units."


    $1,750,000, Tax Assess $2,867,700. "Prime British Properties 21,780 sq ft lot with ocean view walking distance to both Chartwell Schools and the Hollyburn Country Club"


    "'I think it's in everyone's interest to have that area develop,' said Wong, citing the size of the property and incoming Millennium Line extension along Broadway — which would likely have a station within a block of the [Kingsgate] mall"


    “capital coming out of China real estate is down about 90% ... But there is a lot of Chinese capital outside of China already sitting in Hong Kong, Malaysia, London, and Singapore — finding its way in (to markets like Canada).”


    Asking $858,000, Tax Assess $1,004,000. "Welcome to Marinaside Resort! Make yourself at home in this rarely available north west corner unit boasting views of the city, mountains and marina. Live the urban life in Yaletown's vibrant neighbourhood"


    Asking $925,000, Tax Assess $1,130,000. "Gorgeous water, mountain and downtown city views. This bright and spacious False Creek condo in Newport Quay is steps away from the seawall with 2 bedrooms, 2 bathrooms and a great outlook"


    Asking $925,000, Tax Assess $1,026,000. "Breathtaking unobstructed views from this magnificent Sub-Penthouse. This 2bed/2bath home features beautifully renovated kitchen, high ceiling and new flooring. Enjoy the Yaletown living in this open concept, modern condo."


    Asking $454,800, Tax Assess $543,000. "Steps from English Bay. Easy access to Burrard Bridge and Stanley Park. Just below the penthouse of this Concrete building. English Bay View from dining area window."


    $2,200,000, Tax Assess $3,013,900. "** Exceptional value... Large 70' x 122’ east facing RS-5 (single family) zoned lot in the upscale Dunbar neighbourhood. This exclusive corner property waits for a new owner to renovate of build their dream home."


    "Lisa Sun paces around the mansion she’s been hired to sell by its wealthy Chinese-Canadian owner. The family’s had it with the new taxes and what it sees as increasing hostility to Asian capital ... last year the home would have easily sold."


    "One flyer offers a 368-square-foot unit at $515,000. 'Transfer at original price,' it reads in Chinese. Last year, it would’ve fetched as much as $800,000, says Jerry Huang, a realtor with Nu Stream Realty Inc. 'That’s an insane deal,' he said."


    "Sun doesn’t think [the] market is going to come back to its highs ...'Why would they come here and pay all that tax and feel like a criminal?' The Lamborghini & Rolls-Royce in the garage, relatively unused for 3 years, also need to be dealt with."


    “'I’ve been through only the peak, never the low,' said Sun. It’s a far cry from the frenzy of a few years ago when the city was at the center of a global property boom. Prices more than doubled in the decade through 2016."


    Vancouver home sales haven't been this weak since the global financial crisis.


    "The extent of money laundering in real estate remains unknown, but anti-financial crime advocacy group ... suggests tens of billions of dollars of criminal proceeds could be washed in the Toronto and Vancouver markets annually."

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