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Landcor president Rudy nielsen, the largest owner of recreational property. C., believes Whistler will hold its own in terms of desirable property. If he were to purchase in the next few months, hed choose Whistler over essay the lower mainland, he says. He thinks the improved highway and the faster commute may even be responsible for slowing the recreational property market in Whistler. I think that might have some of the effect on why houses havent been selling like in the past, because people know they dont need a second house. They can drive there for the day. Pat meadows - my current listings - victoria, bc - oct posted: 10/25/2012 pilates - 1 comment(s) - 0 trackback(s) Category: local area information 2 - 502 Dallas Rd Victoria/vi james bay mls:312372 Price reduced by 40,000! Compare location and size to others. 2 Bdrms 1162. Ft on Dallas Rd Waterfront.
If they wanted to reviews sell, they sold. There are almost 5,000 units in that condo-hotel style in the Whistler area, and there probably arent as many buyers for that today as there are for lifestyle product, he says, referring to homes to be lived in, as opposed to investment properties. Our buyer now comes mostly from the lower mainland, and that unit was aimed at somebody, for instance, from Toronto, flying in for a week. You just dont do as many transactions in that category. And combined with performance problems due to the financial crisis, lack of discretionary income, and lack of credit you cant borrow on those units as easily it has all led to that market being hit. He estimates that more than 80 per cent of all homes in Whistler are less than 1-million. The market dropped around mid-2009, and mostly stayed down throughout 20Landcor Data corp. Data shows the current median price of a whistler condo at around 358,500, at the same level as 2001 prices. Overall, volume of sales has plummeted in the last couple of years, with a minor spike in 2010, during the Olympics.
Its the reverse of Vancouver. And in light of some of the new developments, its not only a good investment from a buyers point of view, but its also reasonable to live here full time. The new highway changed the drive. You can get pretty good housing for 1-million or less thats only a relaxing one-hour, 20-minute drive away. If Whistler is a relatively good deal these days, its in large part because its been dependent on the. Many of the Americans who once fuelled the condo-hotel market in Whistler have pulled out, what with the financial crisis and the rise of the canadian dollar. Now that the average American is in penny-pinching mode, the luxury of having an occasional vacation getaway that they own outright simply doesnt make sense. As well, the American who purchased a decade ago will do well on the sale of their property now, even if the price has fallen 20 list per cent. The Americans were a real driver of real estate transactions here in Whistler, but they have gone from being buyers to sellers, and in some cases, i dont think they have tried to hold on for the top price, says.
Years ago, whistler was the playground for west-side skiers who kept a second home there for winter weekends. Now, the ski resort towns realtors are hoping that with easier access and some additional draws such as developer-philanthropist Michael Audains up-and-coming art museum lower mainland residents will start to view Whistler as an extension of Vancouver. People already commute between Vancouver and Squamish, either solo or in van pools. Whistler as a commuter town is the natural next step. Whistler real estate prices are better than prices in the lower mainland, which, despite doom-and-gloom forecasts, have held steady compared with the rest of the country. The benchmark price for all Vancouver properties last year was 590,800, according to a new report by the real Estate Association of Greater Vancouver. Whistler, by comparison, had a benchmark of 457,500. Whistler is good value right now, says Pat Kelly, president of Whistler real Estate. Kelly has been a whistler realtor for 30 years.
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The odds of deeply discounted Vancouver house prices in 2013 are slim,. Muir said, adding that local real estate markets might even strengthen slightly over the essay next 12 months. Some home buyers are sitting on the fence and I think many of them will come back into the market ifrs in 2013 when they realize they arent going to buy a home in Vancouver for 50 cents on the dollar, he said. Muir said positives include forecasts for solid population growth and the continuation of interest rates near historic lows this year. Bc assessment pointed out that the total assessment roll for City of Vancouver residential properties, including new construction, climbed 2 per cent last July 1, compared with the same date in 2011.
whistler real estate: a bargin? Posted: 1/15/2013 - 0 comment(s) - 0 trackback(s) Category: canada national real estate market whistler real estate: a bargain? the Globe and mail - kerry gold - Jan. 14, 2013 could it be that Whistler has become more than a ski and party destination, and is now a place to hang your hat year round? While the drive time has shortened with the improved highway, the drop-off in property prices also makes Whistler a draw.
Some industry experts say the single-family detached index price in key neighbourhoods of Vancouvers west side will be down roughly 8 per cent to 2-million when new statistics for December are released Thursday. Amid some pockets of decline, many. Markets experienced increases in assessed values in the range.5 per cent to 5 per cent. When you crunch the numbers, the majority of homeowners will be within 5 per cent of the prior assessment roll. The market is catching its breath,.
Sharp drops were perhaps reflective of overly exuberant and particularly aggressive listings. People are being more realistic about what the market actually will bear now. Cameron muir, chief economist at the. Real Estate Association, said that as house prices eased in 2012, some prospective buyers opted to stay on the sidelines, especially in Greater Vancouver and the Fraser Valley. While we have seen prices come off in some neighbourhoods, we have also seen a pullback in the number of new listings being added. Many potential home sellers are not putting their homes on the market. That tends to have a balancing effect on the overall marketplace,. Some vancouver-area markets sagged, such as Richmonds Thompson district, where statistics show the trend down 2 per cent for a single-family homes assessment last July. But bc assessments values rose elsewhere, including in parts of Surrey, white rock, burnaby and New Westminster.
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07 2013 assessed values for high-end homes and recreational properties have declined in pockets of the vancouver region, but new data shows that the. Housing market has avoided a widespread writings downturn. Homeowners, who have watched their property values steadily rise over the past dozen years, will see little change when they receive their assessment notices in the mail this month, according to bc assessment. The provincial Crown corporation estimates values on behalf. Municipalities, which in turn use the data to determine tax paper rolls. On Bowen Island, however, a typical single-family detached home on the waterfront had an assessment.3-million last July 1, down 23 per cent from the previous evaluation on July 1, 2011. Grant McDonald, deputy assessor for the vancouver sea to sky region at bc assessment, said Wednesday that housing markets also softened in parts of the sunshine coast, pemberton and Whistler, with certain assessed values slipping in the range of 2 per cent to 13 per. On Vancouvers coveted west side, the year-over-year valuation fell.5 per cent on a representative single-family home on a 10-metre (33-foot) wide lot last July. Since then, the districts home prices have continued to slide, hurt by Ottawas moves to tighten rules for mortgage borrowing, effective last July.
With an increasing number of baby boomers planning to sell their single family homes and downsize because of health issues or money concerns, there will likely be some downward pressure on prices as more houses go on the market. A report just out from the Conference board of Canada believes that database the effect will be mitigated at least to some extent by demand from immigration and new young families buying their first home. The report also says that because the number of new builds will decrease in response to reduced demand, and because people who dont need to sell will likely wait until the market recovers from any glut in supply, the negative pressure on prices will self-regulate. Follow this link for the full story by Bruce constantineau of the vancouver Sun mlixzz2aZxreX9b, photograph by: Gerry kahrmann, vancouver Sun. Real estate market pauses to catch its breath. Posted: 1/15/2013 - 0 comment(s) - 0 trackback(s). Brent jang - vancouver — the Globe and mail - Monday, jan.
from across the country. We know from experience that when disaster strikes, realtors are quick to ask how they can help, saysCalvin Lindberg, Chair of the canadian realtors care foundation. As soon as our fundraising appeal went out, donations started to pour in from Victoria to St. We are very proud that we were able to come together to help our friends in Southern Alberta recover and rebuild after last months devastating flooding. About the canadian realtors care foundation: The canadian realtors care foundation is organized real estates national charitable foundation, founded in 2007. The foundation is dedicated to providing resources to inspire, support, and share realtors charitable achievements in their communities. To learn more about the foundation and the good works of realtors across the country, visit. Source canadian realtors care foundation, for further information:Sarah Thirnbeck, realtors care and Community manager. The canadian real Estate Association ext. 2331, can house values Survive a boomer Sell-off?
Patrick meadows, blog Posts, archive 2013 (5) 2012 (17 categories, bcrea sales Report - july 2013. Posted: 8/2/2013 - 0 comment(s) - 0 trackback(s). Category: current real estate market. Real estate sales statistics for bc, discussed by cameron muir of the bcrea. Over 200,000 raised to help Flood Victims. Posted: 8/1/2013 database - 0 comment(s) - 0 trackback(s). Category: canada national real estate market. This article is from the canada newswire service: realtors, real estate boards and Associations from across Canada raise over 200,000 to help Alberta flood victims.
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