DUET | 72 Urban Flats coming to West Coquitlam this Spring

April 29th, 2019
DUET


Duet, a boutique collection of 72 one-, two- and three-bedroom urban flats, is located in the blossoming area of West Coquitlam. Duet is just a short walk from the Burquitlam SkyTrain station, which means downtown Vancouver, Port Moody, and everything in between are just minutes from home.

Putting Duet at the forefront of development trends is the fact that it will be built using Adera’s t ...

HOW'S THE MARKET? - Metro Vancouver February 2019

March 11th, 2019

HOUSING STATS FROM THE REAL ESTATE BOARD OF GREATER VANCOUVER - JANUARY 2019

February 7th, 2019
REBGV - Info Graph January 2019


Home listings increase while buyers remain in holding pattern

Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from th ...

New Policy Means 67,000 Single-Family Lots Are Now Eligible For Duplexes

September 20th, 2018




Making Room program

Last night Vancouver City Council approved a policy that allows the construction of duplexes within RS-1, RS-1A, RS-1B, RS-5, and RS-6 Districts, or 99% of all single-family areas in the city.
This is part of City Council’s Making Room program of increasing housing options in low-density NEIGHBOURHOODS, particularly areas that are seeing a decline in population.
This policy, unofficially, is t ...

Real Estate Board of Greater Vancouver Stats Pack - April 2017

May 11th, 2017
Condominiums and townhomes in high demand across Metro Vancouver

april_2017_AVERAGE_PRICE_GRAPH.pngDemand for condominiums and townhomes continues to drive the Metro Vancouver* housing market



RESIDENTIAL SALES:
  • residential property sales in the region totalled 3,553 in April 2017
  • a 25.7% decline compared to April 2016 when 4,781 homes sold 
  • a 0.7% decrease from the 3,579 sales recorded in March 2017

April sales were ...

Real Estate Board of Greater Vancouver Stats Pack - March 2017

April 12th, 2017

Demand for homes continues to outpace supply in Metro Vancouver

av_price_graph_march_2017.pngA shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.

RESIDENTIAL SALES:
3,579 sales in Metro Vancouver in March 2017.
a decrease of 30.8% compared to the record-breaking March of 2016 (5,173).
an increase of 47.6% c ...

Real Estate Board of Greater Vancouver Stats Pack - February 2017

March 10th, 2017

Low supply continues to limit Metro Vancouver home buyers


Screen Shot 2017-03-10 at 6.17.58 PM.pngReluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2 ...

Real Estate Board of Greater Vancouver Stats Pack - January 2017

February 11th, 2017
Metro Vancouver housing market off to a quieter start than last year

Screen Shot 2017-02-11 at 8.35.06 AM.png
VANCOUVER, BC
– Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 20 ...

Real Estate Board of Greater Vancouver Stats Pack - December 2016

January 11th, 2017

dec_2016_av_.pngA heated year for Metro Vancouver real estate draws to a close

VANCOUVER, BC – January 4, 2017 – The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.

Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent incr ...

Real Estate Board of Greater Vancouver Stats Pack - November 2016

December 6th, 2016

Screen Shot 2016-12-06 at 4.19.06 PM.pngVANCOUVER, BC – Home buyer and seller activity remains near historical averages in the Metro Vancouver* housing market. 

Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold.

Last month’s sales were 7.6 per cent below the 10-y ...

Real Estate Board of Greater Vancouver Stats Pack - October 2016

November 8th, 2016
Screen Shot 2016-11-08 at 8.30.32 AM.pngVANCOUVER, BC – November 2016 – Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*.

Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold.

Last month’s sales were 15 per c ...

Real Estate Board of Greater Vancouver Stats Pack - September 2016

October 5th, 2016

Home buyers and sellers face changing market dynamics


Screen Shot 2016-10-05 at 2.54.14 PM.pngVANCOUVER, BC – October 4, 2016 – Metro Vancouver* home sales dipped below the 10- year monthly sales average last month. This is the first time this has occurred in the region since May 2014.


Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded in September 2015 and a ...

Real Estate Board of Greater Vancouver Stats Pack - August 2016

September 16th, 2016

Metro Vancouver home sales return to typical August levels

Screen Shot 2016-09-16 at 1.13.26 PM.pngVANCOUVER, BC – September 2, 2016 – For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace seen earlier this year and returned to more typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 2,489 in A ...

Monthly Market Infographics for July 2016

August 17th, 2016

Monthly Market Infographics for July 2016



Vancouver West

MarketHotSheet_July2016_VanWest.jpg 
 Screen Shot 2016-08-17 at 12.37.57 PM.png


Vancouver East

MarketHotSheet_July2016_VanEast.jpg  

Screen Shot 2016-08-17 at 12.38.45 PM.png


Burnaby North

MarketHotSheet_July2016_BurnabyNorth.jpg 
  
Screen Shot 2016-08-17 at 12.42.29 PM.png

North Vancouver

MarketHotSheet_July2016_NorthVan.jpg 
 Screen Shot 2016-08-17 at 12.39.20 PM.png 


West Vancouver

 MarketHotSheet_July2016_WestVan.jpg
 Screen Shot 2016-08-17 at 12.40.07 PM.png 



Let me know if you would like stats for your area!

Screen Shot 2016-04-15 at 1.11.05 PM.png

Real Estate Board of Greater Vancouver Stats Pack - July 2016

August 9th, 2016
Home sales move off of record-breaking pace in JulyScreen Shot 2016-08-09 at 1.44.41 PM.png


VANCOUVER, BC – August 3, 2016 – Metro Vancouver* homes sales resembled more typical 
levels in July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,226 in July 2016, a decrease of 18.9 per cent from the 3,978 sales recorded in July 2015 and a decrease of 26.7 per cent c ...

Real Estate Board of Greater Vancouver Stats Pack - May 2016

June 7th, 2016
Demand remains elevated across the Metro Vancouver housing market

Screen Shot 2016-06-07 at 1.15.01 PM.pngVANCOUVER, BC – June 2, 2016 – Metro Vancouver* homes continue to sell at an unprecedented rate in communities across the region. Residential property sales on the region's Multiple Listing Service® (MLS®) totalled 4,769 in May 2016, an increase of 17.6 per cent from the 4,056 sales recorded in May 2015 and a decrease of 0.3 per ...

New Changes to Property Transfer Tax. Good News For Buyers of New Construction, Not So Good For Buyers of Properties Over $2 Million!

March 16th, 2016

On February 17, 2016 changes to the Property Transfer Tax Act took effect. 
These changes include:

  • a new tax rate of 3% for properties with a fair market value greater than $2,000,000
  • a new exemption (Newly Built Home Exemption)
  • a new process of collecting data about transferees at the date of registration at the land title office

Tax Rate Change

The new rate applies to all transfers ...

Real Estate Board of Greater Vancouver Stats Pack - February 2016

March 7th, 2016
Metro Vancouver home buyers set a record pace in February

Screen Shot 2016-03-07 at 11.09.21 AM.pngVANCOUVER, B.C. – March 2, 2016 – Last month was the highest selling February on record for the Metro Vancouver* housing market. Residential property sales in the region totalled 4,172 in February 2016, an increase of 36.3% from the 3,061 sales recorded in February 2015 and an increase of 65.6% compared to January 2016 when 2,519 homes ...

New mortgage rules on homes priced over $500K took effect today

February 15th, 2016
mortgage-thumb-post.jpg

Starting today, CMHC will require a 10% down payment on the portion of any mortgage it insures over $500,000. The 5% remains the same for the portion up to $500,000.

If you are looking to to purchase a home of $700,000, under the old rules, you were required to put down a minim of 5%, or $35,000. As of today you now require $45,000, or 5% on the first $500,000 plus 10% on the balance up to ...

The Jervis Brings excellent value to the West End’s Million dollar condo market

December 23rd, 2015

Jervis.jpg

A raven black, 19 storey concrete high-rise, set for Completion in 2018. Intracorp and Inform Interiors are building something special at the corner of Jervis and Davie.


3 things I really liked about The Jervis:

  • 4 units per floor, each home is a corner

  • Huge outdoor space

  • Seamless transitions from interior to exterior


...and the views!


It looks like they are ...

(Comparison) Renting vs Buying: Over The Long Run

November 19th, 2015

Purchasing a home in Vancouver is expensive but renting may cost far more in the long run.

Let’s compare the two:


Renting:

Currently the average Downtown one bedroom apartment rents for approx. $1,565 per month.

However, landlords may increase the rent each year by the amount allowable by law:

2015 - 2.5% allowable.

2016 - 2.9% allowable.

Average over the past 10 years - 3.4% allowable. ...

Real Estate Board of Greater Vancouver Stats Pack - October 2015

November 12th, 2015
Oct 2015 Average Price Graph.pngMetro Vancouver home buyers push October sales above long-term averages

Home buyers remain active across Metro Vancouver despite a reduced supply of homes for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a 19.3 per cent increase compared ...

EASTPARK - THE RIGHT SIDE OF THE PARK - AMID MAIN ST and QUEEN ELIZABETH PARK

September 15th, 2015

SAY HELLO TO REAL HOMES FOR REAL PEOPLE.

This five-storey low-rise by Boffo Properties has a distinct mid-century modern design inspiration. With Two buildings, one located at 5085 Main Street & one at 5080 Quebec Street these homes are designed to bring the outside-in.

thumb thumb

ALL THE AMENITIES OF THE WEST SIDE 
ALL THE CHARACTER OF THE EAST SIDE
RILEY PARK-LITTLE MOUNTAIN IS THE GREEN, VILLA ...

August 2015 Housing Market Update - The Real Estate Board of Greater Vancouver

September 10th, 2015

3293 POINT GREY ROAD, Vancouver

September 3rd, 2015
Arthur Erickson Originals X Evoke! Magnificent Panoramic Water Views, Downtown Skyline & English Bay to the east and North Shore mountains of West Vancouver! Original Award Winning Masterpiece from the Best Architect Canada ever produced X internationally renowned David Nicolay of Evoke. 
Erickson's unique vision on the Golden Mile, the Exclusive Point Grey Road Neighbourhood to maximize p ...

Competition continues to drive Metro Vancouver’s housing market

September 2nd, 2015
VANCOUVER, B.C. – September 2, 2015 – Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,362 on the Multiple Listing Service® (MLS®) in Aug ...