Why the Vancouver Luxury Real Estate is a Subject of Interest to Foreign Investors

There has been an increase in interest for Vancouver luxury real estate by foreign investors. In fact, research shows that approximately forty percent of the total investors in this market are not local residents of the city of Vancouver but come from abroad. Most oversea clients in this vibrant property market are based in the South-East Asia, Europe, Australia, the U.S as well as South America. Moreover, according to a survey conducted recently, Arabs from Tunisia, Egypt as well as Bahrain have also invested heavily in this market.

Although Chinese investors flood to purchase Vancouver luxury properties, top homes in this city have been scooped away by Iranian and American citizens. The glorious location of luxurious homes has been one of the reasons this Canadian city has witnessed an influx of investors from foreign lands. The homes are built in lush neighborhoods with top notch security, social facilities as well as various amenities.

The Vancouver luxury real estate market is always booming with business throughout the year with high rise buildings always coming up in the best areas of the city. The economy of this city, Vancouver, has been stable for many years and this also explains the ever lasting interest in our market. In fact, according to a study into this market, several homes were sold out even during the times when the economy was experiencing a downturn. Nothing stopped the wealthy investors from the various foreign countries from purchasing homes of their choice.

The architects, designers, masons and interior designers in Canada’swest coast city of Vancouver are among the best in the world. They build world-class residential and commercial buildings that none or a few real estate markets in the global market can beat. The variety of types of properties for sale cannot go unmentioned. Investors and buyers have a wide array of properties for sale to select from; for instance, a home buyer has access to various residential homes ranging from condos to apartments. The Vancouver luxury real estate properties also come in different sizes to suit distinct clientele needs and established budget.

Vancouver, one of three major cites in Canada that have some of the most expensive properties  across the world . This shows that investors are guaranteed high returns on their investments on property in the lavish Vancouver luxury real estate. The city is also booming with many real estate agents with a rich history and experience helping buyers and investors find and purchase the right property. 

Please feel free to leave a comment. Don't hesitate to contact jean@vancouvercanadahomes with any questions.

Good Tips for Buying a Home Through a Reputable UBC Real Estate Specialists

If you're looking for a piece of property in a thriving city, look no farther than in Vancouver, Canada where a robust market for residential buildings and beautiful estate properties around the University of British Columbia (UBC) flourishes. Even with a good location, however, remember that buying a home can't be rushed. While emotion largely settles the deal, logic and good sense should follow a careful plan each step of the way. Here are some reminders when looking for real estate in Vancouver with the help of a UBC real estate specialist.

Getting an Agent

Buying a property entails numerous requirements from beginning to end. The process can get complicated and the risk higher if you do it on your own. You need a trusty real estate agent to filter the vast inventory of properties to match what they have with what you need, and generally make things easier for you. Make sure you only call on licensed real estate agents.

Checking the Neighborhood

Always consider the neighborhood. Your real estate agent will take you to specific locations to check properties you might be interested in. Indisputably, UBC is a prime location in Vancouver’s Westside and nearby to Spanish Banks beach. While in the area, chat with the residents and ask about neighborhood safety, proximity to convenience stores and restaurants, as well as other issues important to you.

On Financing

With the rising costs of housing in Canada, you might find it more viable to opt for a good home financing service. Apply for a loan only if you have a favorable (Equifax) credit rating of between 660-724. Your UBC real estate agent can also help you in this process. Vancouver Canada Homes can show you a range of UBC properties based on your need. With their advanced online search tool, you can select properties by area (via Google Maps), price, lot size, property type, and number of bedrooms. Certified real estate agents--among them Jean Séguin, can work with you and notify you when a match for you is found. All you have to do is subscribe to their email alerts. Buying your own home is rife with potential pitfalls that can trip you if you don't tread carefully. However, if you consult with the right professionals, you will be guided every step of the way until you close a deal for a property that you're happy with.

Is there Demand for Property in the Vancouver Real Estate Market?

As the third largest city in Canada, Vancouver British Columbia is known for its vibrancy and liveliness; the city is full of life. The city is also popular as the destination for buyers looking to buy homes as well as real estate investors. The city’s population that is ever growing, an economy that is stable and great weather are some of the factors that attract investors to the Vancouver real estate market. A surge in the property prices in this market is as a result of the increased population that in turn has seen the demand for homes shoot up.

Though property prices are currently a little unstable in some ranges, experts have predicted an increase in the near future. This is enough proof that the housing market  is the place for potential investors. Research has revealed that Vancouver is the North American city with the most purchased homes within the northen region. One may ask, why the increase in demand? The warm climate experienced in this city all year round makes it possible for residents to engage in any activity of choice. With a diverse population of one million comprising of different cultures, Vancouver attracts investors all over the globe such as Asia.

In addition to nature playing a part in luring investors to the Vancouver real estate market, it has been listed on several occasions as one of the best North American cities where one can buy a residential property. Moreover, the city boasts of good schools, infrastructure, excellent administration, health care and security. This is because the Government of Canada has highly invested in these social amenities like education, hence making Vancouver in the limelight for investment.

The city has also been recognized for its high class living standards among other awards and recognitions that investors should find out more about in order to get assurance that they are investing their money in the right type property market. It cannot go without mentioning that the friendly nature of the people of this city is a plus for the Vancouver and its luxury condo market when it comes to attracting investors and buyers.

The market also offers a wide variety of properties for sale to suit a variety of clients with distinct tastes and needs. For instance, some buyers look for residential homes while others only want property they can invest in. Even buyers looking for residential would still look for variety with some seeking condos and others townhouses, etc.

Apart from remaining stable throughout the recession period, compared to other major cities, this market has grown recently at an alarming rate more so as a result of the growing interest by foreign investors in this specific market. The market has seen foreign investors pounce on the next opportunity that comes their way. The future of the Vancouver real estate market is incredibly bright with great potential of growth. Last but not least, the market has various qualified real estate professionals or realtors who are willing to assist any potential buyer or investor looking to penetrate and exploit this market.

Why Buy Condos For Sale in Vancouver BC?

Construction activity that grows, increased demand and fast sales are the words that are used to describe condos for sale in Vancouver BC. There is no perfect property investment or retirement investment than purchasing a Vancouver Condo. With perfect ocean and mountain views and luxury amenities, these condos are the property of choice. Some of the great facilities and amenities that come with the condos comprise of outdoor and indoor swimming pools, beautiful gardens landscaped with lagoons, and also with saunas, gyms, concierges, access to a Party center, steam rooms, Jacuzzis and conference rooms among others.

The Condo market in Vancouver features distinct neighborhoods with unique attributes that are the trademark of every community with a touch of charm and personality. Condos for sale in Vancouver British Columbia have a modern vibe with a perfect view of the ocean. Most of the properties for sale are just a stone throw away from financial centers and downtowns. They suit people with diverse lifestyles, people of different ages, those with professional jobs, the self employed and even buyers looking to purchase their first homes.

The units are green because they are developed to ensure a sustainable environment, use of natural resources and a focus to minimize pollution of the environment. This is evident in the green spaces, lush parks like Stanley Park that are well planned as well as, rainforests, ancient trees that are found within or around the Vancouver BC residential area. Converted lofts with a modern touch can also be found in some of the condos available in the Vancouver market. Another great reason to invest in this market is the thriving economy of Vancouver that has been doing well in the last few years and continues to show similar trends. The high rise buildings of condos stand out in various parts of Vancouver and thus the talk of the city.

Vancouver ranks third among the cities in Canada and has a diverse population of people with different cultures from all walks of life residing here. The blend of vibrant and colorful cultures with a touch of international, native and modern flavor, makes up the contemporary lifestyle within the city of Vancouver. The real estate market in this city is as diverse as its people with different kinds of property for sale in addition to the condo developments. This provides variety for potential investors who want to buy something totally different from the Vancouver condo market.

Although the prices, popularity and demand for condos in this waterfront market is continuously rising, the properties come with an endless list of luxurious facilities and amenities. This market is highly desirable as shown by the high attention it receives due to the ease of access to hotels, shops, schools and restaurants in addition to a vibrant nightlife. The market also offers access to the city center of Vancouver with some of the properties for sale at a bargain price. Condos for sale in Vancouver BC is the perfect choice of investment for buyers seeking a neighborhood with active lifestyles in a mobile market whose potential for growth is infinite; this means that as the property appreciates in value, there is always a ready market in case the buyer wishes to sell it off in the future.

For More Information and for answers to your questions regarding the Vancouver Real Esate Market please feel ffree to contact me anytime.

Vancouver Food, Wine & Real Estate

Cactus Club I must admit, I never thought I would review The Cactus Club. But after my recent visit to their new location at Coal Harbour, I thought just based on the atmosphere and view (the ocean and mountains!!) that it would be worth sharing my experience. I went with a good buddy for a late Friday lunch. To start, we shared the mini burgers – certified angus beef®, cheddar, alder smoked bacon and red pepper relish ($12.50) and the always very tasty tuna tataki , locally caught oceanwise seared albacore tuna, green papaya slaw, orange, avocado, pine nuts and yuzu vinaigrette ($14.50). We also had to try one of my favorites the ceviche; Ocean wise steelhead, sustainably harvested prawns, red onions, Thai basil, mint and cilantro ($14). We decided not to order any mains courses and simply stick with more starters to complement the drinks. We tried: Tuna sushi cones, spicy ocean wise albacore tuna cones, avocado, cucumber, pickled ginger, tempura, soy paper wrappers ($ 8). Very delicious, plus the kobe style meatball trio roasted tomato sauce, freshly grated parmesan($10.50). With what I would say is the biggest and busiest restaurant in town, the new Cactus Club at Coal Harbour is sure to deliver on atmosphere, and just shear energy. The place was rocking, the service was excellent and Top Chef Rob Feenie was actually there tasting the food and overseeing quality control.

Giesen Estate Marlborough Sauvignon Blanc 2012 The Marlborough region of New Zealand produces some very tasty Sauvignon Blanc and my usual go to is the Oyster Bay Sauvignon Blanc (as I have written about before). A suggestion from the BC Liquor Store consultant had me purchasing the Giesen Estate Marlborough Sauvignon Blanc 2012. This wine is pale yellow in colour with green hues with strong aromas of grapefruit, gooseberry and crushed herbs with a delicate mix of tomato and blackcurrant leaf. The palate has wonderful vibrancy and fruit weight, with crisp and clean acidity culminating in a lengthy finish. Although this won’t replace my favourite, it is a great value at $15.99 and can be found at your local BC liquor store.

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Jean Séguin RE/MAX Crest Realty(Westside) cell:604 783 5593 VancouverCanadaHomes.com

Will There Be an End to the Vancouver Real Estate Bubble Fatigue?

Reports show that the Vancouver Real Estate has had price declines several times now since 1980’s.  The fifth time is here, and seems to be staying in for a while. Has this trend formed what is called the Vancouver Real Estate Bubble Fatigue?

Wikipedia describes real estate bubble or property bubble as a type of economic bubble that occurs periodically in local or global real estate markets, and is characterized by rapid increases in valuations of real property (such as housing) until they reach unsustainable levels relative to incomes and other economic elements, followed by a reduction in price levels.

The constant price dips, have resulted to more experiencing a bubble fatigue. And even with an evidence of a small but significant increase in the sales to active listings--ratio conveyed by the Greater Vancouver Real Estate Board—still, several believes that a bubble fatigue would still be seen in the next few years. As such, many are on the lookout when this shall end?

Will there be an end to the Vancouver Real Estate Bubble fatigue?

Normally, real estate costs, rents and wages most likely will change consistent with the long term features.  Housing markets will usually have house prices rising at around the same rate as price increases and incomes. However, if house prices are increasing faster than earnings, this means that there is a spurt of credit initiated to the market place.  Since the wages of prospective clients cannot meet the demands of the rising real estate market price, this would result to a lesser volume of prospects buying real estates. Such trend would, eventually, force real estate sellers to cut prices off their properties. But are they willing to make another price cut? There would be repercussions as a result of these changes.  How should we deal with it?

In my opinion, for every problem there is a solution. But only time can tell if there would be a definite end to the Vancouver Real Estate Bubble fatigue.

What do you think?

Vancouver Condos: Top Buyer Tips

 Are you looking for condos for sale in Vancouver?   First time buyers may take a number of challenges when deciding on whether to buy a property or not.  If you want to be completely satisfied with your investment, you need to fully understand how the Vancouver condo market works.  You need to be well-informed before making a decision so you will have a realistic expectation on the property.

Before making your first condo investment, you need to be fully equipped with the details to avoid any issues in the future.  When buying a condo, you have to understand that you are into a shared living.  This means that you do not have full control on how much you have to shell-out for the upgrades, maintenance and other emergencies.

You also need to be prepared in paying more than what you expect - for the emergencies or strata fees that are listed on the data sheet. Strata fees usually increases so you need to anticipate the costs and make sure that you set aside a budget for it. 

Condo sellers in Vancouver are not obliged to give you the whole history of the building, they may only give you a report from the past two years but make sure your Realtor requests the appropriate documents to help you understand the history of the condo development.  When you look at the report pay attention to the rehabilitation work, assessment from engineers and if there are major repairs needed.  Good thing, there is legislation in place allowing buyers to get a depreciation report. 

Being aware of the history of the unit is very important so you would know if the renovations were done legally and with proper city permits.  You also need to know that not all the Vancouver strata boards have property management companies that are taking care of the building. Beware of that property with no history of property Management Company or they keep on changing management.  

When buying a condo go beyond the aesthetics.  Assess yourself if you really need to use the amenities like sauna, gym, pool and many others that the developers offer.  In the end, you have to remember that you will be the one to pay for the maintenance of these amenities.

 If you plan to buy a new condo, ask if it has a warranty and determine also the warranty coverage. Have a background check of the building contractor and check whether they have a reputable history.  Condos that are built during the 80’s and 90’s are considered problematic for leaks and it may cost you a lot for repairs and other renovations.

You have to remember that the older the condo unit, the more cost you have to endure for repairs.  Good thing, there are many real estate agents or brokers to assists you in deciding which condos for sale in Vancouver is good for you or not.  Seeking their assistance is a wise decision so you can choose the right condo that meets your needs and wants.

Vancouver Housing Market

Vancouver is a vibrant and lively city that is located in the splendid British Colombia, Canada. It is well known to be the perfect destination for property investors and home buyers as well. This is due to the fact that it enjoys an excellent weather, stable economy and the ever growing population.  The population growth has been the main attribute for the fresh surge in prices, mainly brought about by unprecedented demand for properties.  However, the prices have regained stability now but housing experts are of the opinion that the prices may rise in the near future. This proves that Vancouver housing market is the best place to participate in as a real estate investor. 

Why the demand for houses?

Many people are purchasing homes in Vancouver, more than any other city in North America. Firstly, the city boasts of a warm climate throughout the year making it perfect residents to undertake any type of activities. Having about one million residents, the city now can even boast of people from other parts of the globe such as Asia investing in the housing market. Therefore nature has played its part in making Vancouver real estate market more appealing to investors.

Apart from being listed as one of the best cities to buy a house, the Canadian government has invested heavily in infrastructure, health care, better administration, safety and education in the city. This has made it possible to maintain its posture among the investors and residents.  For assurance even before purchasing a house in Greater Vancouver, go through the recognitions and awards that the city has been given for its classy living standards.  Lastly but not the least, the friendly nature of Vancouver people also is a major attraction to the house buyers and investors. 

Thinking of the best markets to venture in in terms of housing? Buy property, in Vancouver and no doubt, this will be an excellent investment.  The city offers various options; you can choose either buying property for investment purposes or residential purposes. The housing market in Vancouver remained stable even at times of recession and recently it has been growing at some remarkably high rates. The market has been souring to new heights due to the interest especially of foreign investors who are keenly taking any investment opportunities in Vancouver. For the housing market in Vancouver, the future seems exceptionally bright. However, for any investor or home buyer wanting to participate in this market, it’s good to consult housing and real estate professionals for more information. 

Vancouver Food, Wine & Real Estate

The Flying Pig I had the pleasure of having dinner with one of my best buddies this week and he brought me to the Flying Pig in Yaletown. It was fantastic! To start, I chose one of my favourite childhood soups, the ‘Three Pea Soup’ ,smoked ham hock, chick, split and sweet peas ( $7). It was a tasty hearty soup that did not disappoint. For my main, I enjoyed the “Broiled Canadian Arctic Char”, warm rock prawn ‘niçoise’ salad ($24) and as a side I had to try the Bone Marrow Cheezy Bread ($5). Their description of this side reads ‘OMG’ which I would agree. My friend tried the ‘Seared Chili-rubbed Skirt Steak’ with matchstick potatoes ($9) as a starter and for his main course the ‘Pan Seared Halibut Cheeks’ yukon gold potato gnocchi ‘Provencal’ ($26). The service was very good and had a pleasant atmosphere and I am looking forward to coming back on a weekend to try their brunch menu. Location:1168 Hamilton Street Phone: 604-568-1344 Website: www.theflyingpigvan.com

Santa Julia Reserva Malbec The weather has finally turned around here on the west coast and with the sun shining this past week we decided to get the barbeque up and running to grill some New York steaks. I always enjoy a red wine with my steaks and came across this great priced Malbec from Argentina. The Santa Julia Reserva Malbec is a big and bold wine and priced at $12.99, it was a great find for our midweek dinner. This is a rich, full-flavoured wine that has benefited from maturation in French oak. Its aromas consist of ripe fruits such as cherries and plums, and spices including black pepper and paprika with a vanilla finish. Full-bodied with sweet tannins, this wine has a good balance and complexity with a long lingering finish. Availability: www.bcliquorstores.com/product/488791

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Jean Séguin RE/MAX Crest Realty(Westside) cell: 604 783 5593 VancouverCanadaHomes.com