Blog - Craig Doherty

Canadian housing boom continues. Vancouver market ‘returning to earth’ softly.

Posted on Nov 19, 2016

Canadian home resales and prices rose in October as the nation's long housing boom continued, two separate reports showed on Tuesday, but analysts said higher borrowing costs have increased the risk of a correction.

Prices rose 0.3 per cent last month from September and were up 11.8 per cent from a year earlier as Toronto's red-hot market offset the...

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Vancouver "Empty Home Tax" - How Will It Be Policed?

Posted on Nov 17, 2016

The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017.

"The City won’t sit on the sidelines while over 20,000 empty and under-occupied properties hold back homes for renters struggling to find an affordable and secure place to live,” says Mayor Gregor Robertson.

The cit...

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Canadian real estate still has room for growth says PwC report

Posted on Oct 31, 2016

Despite gloomy calls for a market slowdown or even a crash, a new report says there is still room for growth in Canadian real estate.

Although the report from PwC Canada and the Urban Land Institute acknowledges the potential for a pullback in Toronto and Vancouver in 2017, it forecasts a “year of stability” for the housing market, albeit with a 0.9...

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Overpriced Homes...Why Buyers Should Offer

Posted on Oct 27, 2016

Now that all the froth and bubble has died down and the Vancouver market has normalized I'm encouraging my buyer clients to start discussions on any listed homes that appeal to them and suit their needs...regardless of the list price.

The number one reason why an otherwise attractive home does not sell is price. Homes that are grossly overpriced oft...

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No wonder buyers are confused...

Posted on Oct 26, 2016

The real estate market is like any other market. Sure it's fuelled by need, a change in the exigencies of life and a desire to own one's own castle.

It's also driven or slowed by uncertainty and emotion. Vancouver still presents as beautiful, safe place to live with wonderful amenities. There is still a shortage of developable land; remember we are...

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Grouse Mountain to be sold...

Posted on Oct 08, 2016

I'm passing the hat around...

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