Real Estate Talks

Here's the October 2018 report from CMHC on rental vacancies. Burnaby had a significant spike in vacancies in purpose-built and private apartments. Prices should be soft from the oversupply around Metrotown. But, vacancies are still tight in CoV and Surrey. ...

Heads Up...

"Burnaby council passes ambitious plan to protect rental housing stock"

https://www.straight.com/news/1246261/b ... sing-stock

... working alongside developers suggests investor demand has largely dominated the pre-sale condo scene. Measuring pre-sale buyer activity in the Burnaby area of Brentwood and Metrotown, real estate investors made up 67% of all purchases in 2018, up from just 11% in 2012..." https://vancitycondoguide.com/shades-of-miami-2007/ ...

... market. Let's wait  and see what happens once the NDP housing policies to filter through though. That's the elephant in the room.  I follow N Burnaby quite closely - inventory is very low.  Lot of sold signs.  Not sure what prices are doing but I think buyers outnumber sellers.  Speaking to ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... have done anything to clean it up.  It does require all three levels of government to work together e.g. Vancouver has an empty homes tax but Burnaby doesn't.  Provincial Government is trying new measures which will have their own set of loopholes to exploit, while the Feds don't seem to grasp ...

... among the builders. Edit: Here is an example: This is listed at $2.1 https://www.realtor.ca/Residential/Single-Family/18968381/4676-UNION-STREET-Burnaby-British-Columbia-V5C2Y3 They bought lot for $1.3, 2 years ago. Carrying costs, building costs, permits etc - say $650,000 $1,950,000 total. ...

... among the builders. Edit: Here is an example: This is listed at $2.1 https://www.realtor.ca/Residential/Single-Family/18968381/4676-UNION-STREET-Burnaby-British-Columbia-V5C2Y3 They bought lot for $1.3, 2 years ago. Carrying costs, building costs, permits etc - say $650,000 $1,950,000 total. ...

... among the builders. Edit: Here is an example: This is listed at $2.1 https://www.realtor.ca/Residential/Single-Family/18968381/4676-UNION-STREET-Burnaby-British-Columbia-V5C2Y3 They bought lot for $1.3, 2 years ago. Carrying costs, building costs, permits etc - say $650,000 $1,950,000 total. ...

... among the builders. Edit: Here is an example: This is listed at $2.1 https://www.realtor.ca/Residential/Single-Family/18968381/4676-UNION-STREET-Burnaby-British-Columbia-V5C2Y3 They bought lot for $1.3, 2 years ago. Carrying costs, building costs, permits etc - say $650,000 $1,950,000 total. ...