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Real Estate Matters Blog

Please visit our Open House at 316 440 5TH AVE E in Vancouver.
Open House on Saturday, April 20, 2019 1:00PM - 2:30PM
TOP FLOOR 1 bedroom with serene and sunny outlook over garden and courtyard. This tastefully renovated suite is super quiet as there's no lane beyond the common garden. It offers spacious living room, a south-facing balcony, cozy gas fireplace, insuite storage and a separate locker, along with 1 parking. Insuite laundry is permitted with strata approval. Landmark Manor is a community-oriented building with a pro-active strata. All this and the perfect Mount Pleasant location a few blocks vibrant Main Street, minutes to False Creek, Skytrain and downtown! 1 pet allowed (more with approval). 1st OPEN Sat 2 to 4 and Sunday 3 to 4.
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I have sold a property at 2315 YORK AVE in Vancouver.
Truly a rare offering! This spacious one bedroom townhouse-style suite offers many features that make it an exceptional home: large fully-fenced garden patio, serene park-like outlook, SW exposure, separate entry, 10' ceilings, french doors and an abundance of windows to list a few. Immaculately maintained and tastefully updated by the original owner including fully renovated kitchen, newer windows, updated flooring and bathroom. The floor plan offers lots of options for lifestyle and furniture, and the patio is perfect for entertaining. This wonderful home is part of 'Vinegrove', a boutique building in a great Kits location - 1 block to the beach and a quick walk to the great shops and cafes on West 4th.
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Please visit our Open House at 104 988 16TH AVE W in Vancouver.
Open House on Sunday, April 14, 2019 1:00PM - 2:30PM
Spacious and renovated townhome-style 1 bedroom on the quiet, sunny side of rainscreened The Oaks! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet, along with new hot water tank. Pets are allowed in this community oriented complex, rentals are limited to 5. 1 parking stall, and 4 visitor parking. Fabulous location with easy access to shopping, restaurants, transit & parks! OPEN SUNDAY 14th 1 - 2:30.
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I have listed a new property at 316 440 5TH AVE E in Vancouver.
TOP FLOOR 1 bedroom with serene and sunny outlook over garden and courtyard. This tastefully renovated suite is super quiet as there's no lane or street noise. It offers spacious living room, a south-facing balcony, cozy gas fireplace, insuite storage and a separate locker, along with 1 parking. Insuite laundry is permitted with strata approval. Landmark Manor is a community-oriented building with a pro-active strata. All this and the perfect Mount Pleasant location steps to vibrant Main Street, minutes to False Creek, Skytrain and downtown! 1 pet allowed (more with approval). 1st OPEN Sat 2 to 4 and Sunday 3 to 4.
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Please visit our Open House at 316 440 5TH AVE E in Vancouver.
Open House on Saturday, April 13, 2019 2:00PM - 4:00PM
TOP FLOOR 1 bedroom with serene and sunny outlook over garden and courtyard. This tastefully renovated suite is super quiet as there's no lane or street noise. It offers spacious living room, a south-facing balcony, cozy gas fireplace, insuite storage and a separate locker, along with 1 parking. Insuite laundry is permitted with strata approval. Landmark Manor is a community-oriented building with a pro-active strata. All this and the perfect Mount Pleasant location steps to vibrant Main Street, minutes to False Creek, Skytrain and downtown! 1 pet allowed (more with approval). 1st OPEN Sat 2 to 4 and Sunday 3 to 4.
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Please visit our Open House at 316 440 5TH AVE E in Vancouver.
Open House on Sunday, April 14, 2019 3:00PM - 4:00PM
TOP FLOOR 1 bedroom with serene and sunny outlook over garden and courtyard. This tastefully renovated suite is super quiet as there's no lane or street noise. It offers spacious living room, a south-facing balcony, cozy gas fireplace, insuite storage and a separate locker, along with 1 parking. Insuite laundry is permitted with strata approval. Landmark Manor is a community-oriented building with a pro-active strata. All this and the perfect Mount Pleasant location steps to vibrant Main Street, minutes to False Creek, Skytrain and downtown! 1 pet allowed (more with approval). 1st OPEN Sat 2 to 4 and Sunday 3 to 4.
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The March 2019 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot
If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.
 
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Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sold in February 2019.


Last month’s sales were 46.3 per cent below the 10-year March sales average and was the lowest total for the month since 1986.


"Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced," Ashley Smith, REBGV president said. "For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”


“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away. Using public policy to delay local demand in the housing market just feeds disruptive cycles that have been so well-documented in our region."


There were 4,949 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2019. This represents an 11.2 per cent increase compared to the 4,450 homes listed in March 2018 and a 27.2 per cent increase compared to February 2019 when 3,892 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,774, a 52.4 per cent increase compared to March 2018 (8,380) and a 10.2 per cent increase compared to February 2019 (11,590).

For all property types, the sales-to-active listings ratio for March 2019 is 13.5 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.9 per cent for townhomes, and 17.2 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,011,200. This represents a 7.7 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.


Sales of detached homes in March 2019 reached 529, a 26.7 per cent decrease from the 722 sales in March 2018. The benchmark price for a detached home is $1,437,100. This represents a 10.5 per cent decrease from March 2018, and a 0.4 per cent decrease compared to February 2019.


Sales of apartment homes reached 873 in March 2019, a 35.3 per cent decrease compared to the 1,349 sales in March 2018. The benchmark price of an apartment property is $656,900. This represents a 5.9 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.


Attached home sales in March 2019 totalled 325, a 27.1 per cent decrease compared to the 446 sales in March 2018. The benchmark price of an attached home is $783,600. This represents a six per cent decrease from March 2018, and a 0.7 per cent decrease compared to February 2019.



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I have listed a new property at 701 251 7TH AVE E in Vancouver.
Stunning open views to the mountains & city from this quiet east facing suite at the District South Main. Great layout with over-height ceilings, separated bedrooms, two generous size bathrooms, large open kitchen & spacious covered balcony for your bbq & loungin. Features include hardwood floors, ceasar stone slab countertops with undermount sinks, full size stainless steel appliances, generous cabinetry & insuite laundry. Well maintained & professionally managed building with state of the art exercise centre & roof-top decks with gas BBQ, fireplace, lounge areas, garden plots & panoramic views. Complete with secured storage & parking. Steps to Main St. shops, services, brew pubs, restaurants, transit & more. Pet & rental friendly.
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Please visit our Open House at 104 988 16TH AVE W in Vancouver.
Open House on Saturday, April 6, 2019 1:30PM - 3:00PM
Spacious and renovated townhome-style 1 bedroom on the quiet, sunny side of rainscreened The Oaks! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet. Pets are allowed in this community oriented complex, rentals are limited to 5. 1 parking along with visitor parking. Fabulous location with easy access to shopping, restaurants, transit & parks! OPEN Saturday April 6th 1:30 to 3.
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Please visit our Open House at 104 988 16TH AVE W in Vancouver.
Open House on Sunday, March 24, 2019 1:30PM - 3:30PM
Spacious and renovated townhome-style 1 bedroom on the quiet, sunny side of rainscreened The Oaks! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet. Pets are allowed in this community oriented complex, rentals are limited to 5. 1 parking along with visitor parking. Fabulous location with easy access to shopping, restaurants, transit & parks!
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The February 2018 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot
If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.
 
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The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019.


Last month’s sales were 42.5 per cent below the 10-year February sales average.


“For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted over the last 12 months to favour buyers, particularly in the detached home market,” Phil Moore, REBGV president said. “This means that home buyers face less competition today, have more selection to choose from and more time to make their decisions.”


There were 3,892 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2019. This represents a 7.8 per cent decrease compared to the 4,223 homes listed in February 2018 and a 19.7 per cent decrease compared to the 4,848 homes listed in January 2019.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,590, a 48.2 per cent increase compared to February 2018 (7,822) and a 7.2 per cent increase compared to January 2019 (10,808).


For all property types, the sales-to-active listings ratio for February 2019 is 12.8 per cent.


Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“Homes priced well for today’s market are attracting interest, however, buyers are choosing to take a wait-and-see approach for the time being,” Moore said. “REALTORS® continue to experience more traffic at open houses. We’ll see if this trend leads to increased sales activity during the spring market.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,016,600. This represents a 6.1 per cent decrease over February 2018, a 6.2 per cent decrease over the past six months, and a 0.3 per cent decrease compared to January 2019.


Sales of detached homes in February 2019 reached 448, a 27.9 per decrease cent from the 621 detached sales recorded in February 2018. The benchmark price for detached properties is $1,443,100. This represents a 9.7 per cent decrease from February 2018, a 7.6 per cent decrease over the past six months, and a 0.7 per cent decrease compared to January 2019.


Sales of apartment homes reached 759 in February 2019, a 35.9 per cent decrease compared to the 1,185 sales in February 2018. The benchmark price of an apartment property is $660,300. This represents a four per cent decrease from February 2018, a 5.1 per cent decrease over the past six months, and a 0.3 per cent increase compared to January 2019.


Attached home sales in February 2019 totalled 277, a 30.9 per cent decrease compared to the 401 sales in February 2018. The benchmark price of an attached unit is $789,300. This represents a 3.3 per cent decrease from February 2018, a 6.7 per cent decrease over the past six months, and a 1.4 per cent decrease compared to January 2019.  



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Please visit our Open House at 104 988 16TH AVE W in Vancouver.
Open House on Saturday, March 9, 2019 1:30PM - 3:30PM
Spacious and renovated townhome-style 1 bedroom on the quiet, sunny side of rainscreened The Oaks! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet. Pets are allowed in this community oriented complex, rentals are limited to 5. 1 parking along with visitor parking. Fabulous location with easy access to shopping, restaurants, transit & parks! OPEN Saturday March 9th, 1:30 to 3:30.
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I have listed a new property at 104 988 16TH AVE W in Vancouver.
Spacious and renovated townhome-style 1 bedroom on the sunny, quiet side of this rainscreened building! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet. BBQ's allowed, pets allowed, rentals limited to 5, 1 parking, common rooftop deck. Fabulous location with easy access to shopping, restaurants, transit & parks! 1st Open Sunday March 3rd, 1:30 to 4.
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Please visit our Open House at 104 988 16TH AVE W in Vancouver.
Open House on Sunday, March 3, 2019 1:30PM - 4:00PM
Spacious and renovated townhome-style 1 bedroom on the sunny, quiet side of this rainscreened building! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet. BBQ's allowed, pets allowed, rentals limited to 5, 1 parking, common rooftop deck. Fabulous location with easy access to shopping, restaurants, transit & parks! 1st Open Sunday March 3rd, 1:30 to 4.
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Please visit our Open House at 104 988 16TH AVE W in Vancouver.
Open House on Tuesday, March 5, 2019 10:30AM - 12:00PM
Spacious and renovated townhome-style 1 bedroom on the sunny, quiet side of this rainscreened building! As soon as you walk in it feels like a home, offering a great layout including that coveted kitchen window, cozy gas fireplace, real laundry room, and private patio overlooking fenced common garden. Many tasteful updates including new bathroom, new kitchen (except appliances), new high efficiency gas fireplace and all flooring including wool carpet. BBQ's allowed, pets allowed, rentals limited to 5, 1 parking, common rooftop deck. Fabulous location with easy access to shopping, restaurants, transit & parks! 1st Open Sunday March 3rd, 1:30 to 4.
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The January 2018 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot
If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.
 
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I have sold a property at 2711 PRINCE EDWARD ST in Vancouver.
Fabulous 3 bedroom townhome in prime Mt. Pleasant! Features a private roof deck with mountain view and gas fire pit - an exceptional space to retreat or entertain. The main floor is open and bright with large windows at both ends, over height ceilings and private patio off the living room. The spacious kitchen features gas stove, new fridge and dishwasher, and custom built island. Upstairs are 2 bedrooms, including the master with ensuite, and an additional full bathroom. The lower level offers a 3rd small bedroom, large storage, and roughed-in 3 piece bathroom currently used as storage. Enjoy direct access to the underground garage from this level. UNO by Intracorp is a really well run complex in a vibrant neighbourhood!
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VANCOUVER, BC – February 4, 2019 – 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 the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold in December 2018.


Last month’s sales were 36.3 per cent below the 10-year January sales average and were the lowest January-sales total since 2009.


“REALTORS® are seeing more traffic at open houses compared to recent months, however, buyers are choosing to remain in a holding pattern for the time being,” Phil Moore, REBGV president said.


There were 4,848 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2019. This represents a 27.7 per cent increase compared to the 3,796 homes listed in January 2018 and a 244.6 per cent increase compared to the 1,407 homes listed in December 2018.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,808, a 55.6 per cent increase compared to January 2018 (6,947) and a 5.2 per cent increase compared to December 2018 (10,275).


For all property types, the sales-to-active listings ratio for January 2019 is 10.2 per cent. By property type, the ratio is 6.8 per cent for detached homes, 11.9 per cent for townhomes, and 13.6 per cent for condominiums.


Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Home prices have edged down across all home types in the region over the last seven months,” Moore said.

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,019,600. This represents a 4.5 per cent decrease over January 2018, and a 7.2 per cent decrease over the past six months.


“Economic fundamentals underpinning our market for home buyers and sellers remain strong. Today’s market conditions are largely the result of the mortgage stress test that the federal government imposed at the beginning of last year,” Moore said. “This measure, coupled with an increase in mortgage rates, took away as much as 25 per cent of purchasing power from many home buyers trying to enter the market.”


Sales of detached homes in January 2019 reached 339, a 30.4 per cent decrease from the 487 detached sales recorded in January 2018. The benchmark price for detached homes is $1,453,400. This represents a 9.1 per cent decrease from January 2018, and an 8.3 per cent decrease over the past six months.


Sales of apartment homes reached 559 in January 2019, a 44.8 per cent decrease compared to the 1,012 sales in January 2018. The benchmark price of an apartment property is $658,600. This represents a 1.7 per cent decrease from January 2018, and a 6.6 per cent decrease over the past six months.


Attached home sales in January 2019 totalled 205, a 35.7 per cent decrease compared to the 319 sales in January 2018. The benchmark price of an attached unit is $800,600. This represents a 0.5 per cent decrease from January 2018, and a 6.2 per cent decrease over the past six months.



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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.