Blog by Michael Giesbrecht

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BC Home Sales Surpass Expectations

July 17th, 2007
Home Sales Surpass Expectations in 2nd Quarter  Vancouver, BC – July 17, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 20.4 per cent to $4.98 billion in June, compared to the same month last year. Residential unit sales increased 8 per cent to 11,175 units during the same period. The aver ...

Vancouver and Quality of Living

July 12th, 2007
  Vancouver scores very well on Mercer Quality of Living Report Vancouver has again received a high ranking on an international quality of life report. Vancouver was tied for third on the Mercer’s Quality of Living Report, which uses expatriate assignments to rank 215 cities worldwide on the tangible aspects of living in a city.  ...

Relocating

July 7th, 2007
Tips for the Relocating Partner By Michael Giesbrecht Prudential Sussex Realty A new career opportunity sometimes means that your family will need to relocate to another city. The decision to move is often arrived at after careful consideration of various factors including the other partner’s career; the effect on the children’s educational and recreational activities; and fin ...

Home Buyers Get a Break

June 21st, 2007
The Federal Government is now allowing lending institutions to offer 20% down payment mortgages without requiring the borrower to purchase mortgage insurance.  This is a drop from the 25% it was before.  In addition, current home owners will be permitted to borrow up to 80% of the value of their home without purchasing mortgage insurance.  A survey conducted by the Royal Bank of Canada indica ...

Home Sales Rise; Affordability Falls

June 20th, 2007
Vancouver, BC – June 19, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 17.5 per cent to $5.32 billion in May, compared to the same month last year. Residential sales increased 3 per cent to 11,683 units during the same period. The average MLS® price hit $454,945, up 14 per cent from May 2006. ...

Real Estate and Immigration

June 6th, 2007
The Canadian housing market loves immigrants!  Read more here.

Flip This House

June 4th, 2007
Interesting article in USA today about the popular show on A&E.  Read the article here.

Expensive Homes

May 28th, 2007
A recent survey has designated London as the world's most expensive place to buy residential property, beating out Monaco, New York City, Hong Kong, and Tokyo. Homes are going for an average of $4,600 per square foot in the British capital. Earlier this year, a 77-square-foot former storage room, without electricity or heat, in the exclusive Knightsbridge neighbourhood was on the mark ...

Home Inspection

May 27th, 2007
How Important Is A Home Inspection?   By Michael Giesbrecht Prudential Sussex Realty May 2007 Should a buyer get a home inspection for a home they are buying? Should a seller order a home inspection prior to putting the property on the market? There are advantages for both.   Simply put, a home inspection is a visual examination of both the physical structure and major sy ...

Smokin' Aces

May 25th, 2007
There was an interesting article in the Vancouver Sun yesterday about a condo owner suing her downstairs neighbour.  Apparently the neighbour down below smokes a cigarette about 10 times a day on her patio and the smoke is causing  the neighbour above stress, irritability and disruption of sleep.  It will be intreresting to see how this plays out.
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