Arnold Shuchat PREC Real Estate Blog


Everyone has been disussing possible solutions to the problem of affordability in the Vancouver housing market. Most of proposed solutions have been about increasing density around main transportation corridors, removing foreign buying power and using tax policy to discourage speculation.  I would like to propose a completely different approach whose time has come.

For years every time a new technology has emerged in relation to building construction, I have always heard the same comments from either professional planning staff or architects and engineers. They usually say something like, "it won't happen in our lifetime-good luck with that".  I suggest, that the time has come to open up our real estate and construction markets to new technologies which can drastically reduce costs and delivery times of housing stock.

Here are a few examples of products that involve construction techniques that warrant discussion and adoption:

1.  A 400 sqare foot 3D house is printed in 24 hours...

Sifting through investment properties is often tedious.  Not every Realtor has access to a strata's bylaws at the very start of his mandate.  Sometimes the documents take time to obtain.  Accordingly, a computer filtered search requesting "rentals, no restrictions, or rentals-some restrictions" may not yield accurately described listings.

Buyers are cautioned to review strata Bylaws themselves in detail and even seek legal advice to avoid these inaccuracies entering into an investment decision.

The recent Court of Appeal case of 
Mathews v. The Owners, Strata Plan VR 90, 2016 BCCA 345  addressed the issue of the clarity and force of law of rental restrictions contained in strata bylaws.

I have been asked in every investment mandate I have had, whether the hardship provisions which may be contained in strata bylaws could be used as a reliable lifeline in the event an investor may need to rent out a unit due to changing circumstances. The answer has now become more...

4 Offers in a Multiple Offer Situation: Lowest initial one gets it! How?
From my archive: I sold a sweet 1 BR condo midtown which generated 4 offers in a very short time.   Our initial bid was the lowest one by a very substantial amount; substantial as in the value of a new car....  In the end, we still won!
How is that possible?  

To understand that, you would have to remember the fable about the Sun and the Wind having a bet as to who could best make a man remove his coat. The wind huffed and puffed, but the man held on tighter and tighter.  Then the Sun started to shine and the man removed his coat. And that's about as much of the secret as I will disclose here... except that the process involved bagels, the ones from my previous post; 6 of them is all it took!
My mother never taught me how to make bagels, but she did teach me how to take a chance and make "something from nothing" in the kitchen,  and she would be smiling ear to ear to know that my culinary adventure paid off in real estate matters. It was tough to let...
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