Blog - Craig Doherty

(June 27, 2015)

A report published by CIBC earlier this year revealed that nearly half of Canadian homeowners plan to renovate their homes this year – a great way to add value to their existing homes while creating jobs in the industry and boosting our economy.

The poll showed that 42 per cent of Canadians are planning home renovations, and plans to spend an average of $17,000 on sprucing up their homes with some... read more.

Foreign investors in Canada’s housing market need to be counted...experts say

(June 27, 2015)

TORONTO — There is scant data available on how many foreign investors are snatching up Canadian homes, and experts say the knowledge gap needs to be filled if policy makers hope to maintain the stability of the country’s real estate market.Foreign investment has become a hot-button issue in Vancouver lately, with many residents blaming demand from offshore buyers who are looking for a safe place t... read more.

1 in 5 Vancouver House are Flipped Within 1 Year

(June 18, 2015)

A report from Lancor Data Group shows that around 20 per cent of detached family houses in Vancouver that were sold in the last 17 months were sold again within a year.

With Mayor Gregor Robertson calling on the provincial government to tax ‘flippers,’ the report will add fuel to that argument.

It shows that in the Dunbar neighbourhood there were 30 detached homes flipped from the start of 2014 to t... read more.

China Appears Ready To Have More Of Its Currency Move Overseas

(June 18, 2015)

There are signs China is preparing to ease restrictions on how much money can flow out of the country as part of an aggressive strategy to promote its currency overseas, in Canada and elsewhere.

The move would make it easier for individuals and companies with mainland Chinese cash to spend it outside China, including in real estate markets here and in other global cities.

This is happening as public... read more.

Rising Vancouver Housing Prices Put Pressure on Politicians

(June 09, 2015)

I wonder whether there are movements afoot to penalize buyers in Manhattan, London, etc. Let's face it, Vancouver is a very desirable city to live and own in.

The Importance Of Home Staging

(June 05, 2015)

Most buyers form an opinion about a home within the first 7-10 seconds of arriving and over 90% of buyers look at homes they've found on the Internet. As such, it is critical that your home makes a strong first impression online and in person. Staging will help you do just that.

Sellers who spent $500 on staging recovered over 343% of the cost when they sold their home. ( In controlle... read more.

Bank of Canada Signals Rate Hike Will Come Later Rather Than Sooner...

(June 05, 2015)

Why Canada's Market is Undervalued

(June 05, 2015)

Canadian real estate hasn’t reached its full potential, according to one real estate mogul’s advisor.

“Canada is a vibrant economy and some people ought to step in and take advantage of it,” said George Ross, executive vice president and senior counsel to the Trump Organization. “I think it’s under-utilized – not over-utilized.”

Ross has been advising Trump since the 1970s and has worked with the re... read more.