August 2019

Found 9 blog entries for August 2019.

Strata deals account for more than half of transactions in ultra-tight industrial sector

Projects where space is sold – not leased – are dominating Metro Vancouver’s industrial market for the first time as property transactions fall sharply from the record investment levels of 2018.

In the first six months of this year, industrial investment struggled to reach $272 million, and it “will likely fall far short of its five-year average,” according to JLL and Altus Group.

The slide began in the first quarter, with a 54 per cent plunge in industrial transactions compared with the record-setting pace seen in the fourth quarter of 2018.

But the bigger story is the transformation of industrial into a strata market as tenants seek shelter from a

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Simply stated, when investing in real estate, the goal is to put money to work today and allow it to increase so that you have more money in the future. The profit, or "return," you make on your real estate investments must be enough to cover the risk you take, taxes you pay, and the costs of owning the real estate investment such as utilities, regular maintenance, and insurance.

Real estate investing really can be as conceptually simple as playing monopoly when you understand the basic factors of the investment, economics, and risk. To win, you buy properties, avoid bankruptcy, and generate rent so that you can buy even more properties. However, keep in mind that "simple" doesn't mean "easy." If you make a mistake,

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If you’re looking to buy or sell a home, there’s no shortage of representation. But the only way to tell if an agent is right for you is to ask some hard questions.

If you’re looking to buy or sell a home, chances are you’ll want to work with a real estate agent—and there’s no shortage of ways to find one! Perhaps you know a family friend, have a newly licensed college buddy, or spotted a face on the side of a bus. Regardless of how you connected, though, the selection process for your broker or salesperson shouldn’t end there. 

It’s crucial, when making an investment as emotionally and financially fraught as a real estate transaction, to thoroughly vet your representation—but many people don’t, says Kelvin Kucey, deputy registrar of Regulatory

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Some in the real estate industry say they've seen a spike in interest from Chinese buyers in the past 60 days

 

The fallout from Hong Kong residents’ months-long clash with China’s government could put further pressure on the real estate markets of Vancouver and Toronto, as well-heeled expatriates and new Chinese immigrants seek safety in Canada, say market observers.

“Yesterday, we had a listing where three different groups came in on a bus, they were all touring homes in Metro Vancouver and they were all from Hong Kong,” Adil Dinani, a Royal LePage real estate adviser based in Vancouver, said last week. “They’re very keen to bring capital over as the situation in Hong Kong worsens.”

Dinani has noticed a spike in interest from

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Think fast. On the playground you heard that and knew a surprise ball was headed your way. The challenge: to respond in time to catch it. Fast-forward to today’s business world. The ability to think fast is vital there, too—that is, if you want a fast-paced, challenging career.

For Trevor Heselton, a recent graduate of BCIT’s School of Business Professional Real Estate Program, the choice was always going to be the swift over the slow. And for him that could only mean one career: real estate. “What drove me to the profession is that we live in a city where real estate will always be one of the biggest and fastest-paced industries, which means both job security as well as a dynamic, always-learning environment.”

Now a Development

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Commercial real estate lawyers are seeing a growing business in international property purchases as large investors exhaust their domestic interests and look further afield in a world that is becoming increasingly smaller.

Thomas von Hahn, a partner at Blake Cassels & Graydon LLP in Toronto, points to an increasing trend with Canadian pension funds investing in property in Europe and North America, as well as Asia. While funds have been increasing their focus in property investment, often creating real estate sections to oversee their management, they’ve been looking further afield more recently. In fact, during the first four months of 2019, Blakes has seen more real estate action involving pension funds than ever before, says von Hahn.

“It

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Our office has a new look, and we couldn't be more proud!  

The real estate market doesn't stop, regardless of the location; As one of the most recognized real estate in the world, Century 21 Vancouver could not stay out of this trend.

From the front of the office to the inside, you will see our new brand all over our office.

Proudly to be one of the most prominent offices in BC, Century 21 Vancouver is always on top of real estate trends and news

Always looking for growth, Century 21 Vancouver is always hiring new realtors and providing the best and most updated technologies in the market.

 

Come visit us and check the new look!

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image of woman with suit looking at a camera holding a binder, behind you see couple looking at a house as if wondering if they should buy it

 

There are right ways and wrong ways to buy a home. The latter of which will cost you a lot of unnecessary money, stress, and frustration. Use best practices, however — as offered by real estate experts below — and you'll walk away a winner with a smile on your face and cash still in your bank account.

 

1. Research agents before choosing one

Selecting the right real estate agent can make all the difference when it comes to finding your dream home and negotiating the best price. Carlos Miramontez, vice president of mortgage lending at a California credit union, offers a few pointers on narrowing down the agent pool.

"Doing your research upfront can help you make a wise decision and choose a well-qualified real estate agent who's right

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Abbotsford strata surge

Six new projects planned for West Abbotsford will boost the amount of strata industrial space in the local market by nearly 80%, according to Frontline Real Estate Services Ltd.

The largest of the lot is Beedie’s Mason Corporate Centre at just shy of 168,000 square feet. Smaller projects include Martini Construction Ltd.’s Foy Business Centre and Bartek Construction Ltd.’s Mt. Lehman Business Centre.

All told, the projects total nearly 650,000 square feet and represent the first addition of strata space to the West Abbotsford market since 2009. (West Abbotsford is the area between Mount Lehman and Clearbrook Road.) This will increase the strata industrial space in the area to 1.45 million square feet by 2021, up from

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