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SnapStats November 2019

BROOKLYN’S MRS. CLAUS

Where else can you see 25-foot toy soldiers, a two-story Santa, or a house decked out with 30,000 lights other than Dyker Heights, Brooklyn. The suburban neighborhood, historically a quiet, Italian-American enclave, has been putting on its legendary holiday spectacle since 1986, when Lucy Spata moved to the area. Her over-the-top Christmas displays started as a way to honor her mother’s memory (she also loved holiday decorations) and quickly her neighbors followed suit. Today, Lucy is known around town as “Mrs. Claus” and the Dyker Heights lights attract up to 150,000 visitors each season.

October 2019 Market Speedo

PROTECT YOURSELF: STRATA WATER DEDUCTIBLE REVIEW REMINDER

The majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation’s master building policy and if not advise their insurance broker immediately. 

The BC Strata Property Act requires that any AGM Notice includes a copy of the strata corporation’s insurance policy summary. This summary page will include a notation on what the building’s current water deductible amount is. Depending on any resultant water damage claims filed in the past policy year and the extent of damage, this deductible amount can increase to a staggering amount from the previous year. It is not uncommon for strata’s today to have a deductible in the $50,000 to $100,000 range from the days of when they were $5,000 to $25,000.   READ MORE

August 2019 Market Update

Hilfiger’s $50 Million Penthouse from SnapStats on Vimeo.

$50 MILLION PLAZA HOTEL PENTHOUSE

Go inside billionaire Tommy Hilfiger’s $50 million palatial penthouse high atop New York City’s iconic Plaza Hotel – with a VIP tour from the fashion mogul himself.

The duplex penthouse apartment overlooks Central Park and has been home to The Beatles, The Rolling Stones and Marilyn Monroe.

The 5,600-square-foot duplex has been on and off the market since 2013.
Hilfiger bought his unit for $25 million in 2008 and tried to flip it later that year for $50 million.

After almost a decade on the market and much price fluctuation — he once upped the ask to $80 million — it remains on the market at a mere $50 million following a price drop.

 

 

July 2019 Market Update

HANDMADE HOBBIT HOMES

In Pembrokeshire, Wales, handmade houses have been popping up around the county. These wee homes, made of natural, locally sourced materials and scavenged bits from the surrounding countryside, embody low-impact living. The inhabitants who built these houses grow and cultivate the vast majority of what they consume. Simon and Jasmine Dale have been living in their very own hobbit-sized house since 2003. Now they’re helping others build similar homes in the Lammas community—the country’s first eco-village. Needless to say, the Bagginses would approve.



May 2019 Market Updates

LOST IN DHAKA

Dhaka is the capital city of Bangladesh, in southern Asia. A fast-growing modern metropolis with an area of only 306 sqkm and a population of 9 million. Set beside the Buriganga River, it’s at the center of national government, trade and culture. The 17th-century old city was the Mughal capital of Bengal, and many palaces and mosques remain. Enjoy the beautiful impressions of this crowded city.

2019 FEDERAL BUDGET UPDATE FOR FIRST-TIME HOME BUYERS

In March, the Federal Government came out with their long-awaited 2019 Federal Budget. For those of us on the West Coast, there was an expectation, or at least a hope, that we’d see some relief from the ‘2% Stress Test’ – Or perhaps an extension of the maximum amortization to 30 years. Instead, Ottawa introduced a new zero-interest loan to help first-time homebuyers. It’s a federal government incentive designed to target housing affordability. The real question in cities like Vancouver is: Will it work?

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