elevated Home sale levels

(August 31, 2017, posted in BC Market Update)

The British Columbia Real Estate Association (BCREA) '2017 Third Quarter Housing Forecast' has just been released:

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 100,900 units this year, after reaching a record 112,209 units in 2016. Strong economic fundamentals are underpinning consumer demand and are expected to keep home sales at elevate... read more.

many things influencing house prices

(August 18, 2017, posted in Vancouver Metro Real Estate)

Canada Mortgage and Housing Corporation (CMHC) Chief Economist, Bob Dugan recently wrote the following article in McLean's titled 'Why the foreign buyers tax is not making Vancouver more affordable?'. His opinion ~ 'The lesson, one year into Vancouver’s foreign buyers tax, is that real-estate supply may actually be the city’s biggest problem'.  Read on in detail what he has to say....

"Vancouver is... read more.

economics of land value

(August 17, 2017, posted in Vancouver Metro Real Estate)

Oh my ~ value of local 'turf' is forcing change ~ that is, my next upcoming new car focus will be something other than a gasoline powered vehicle!

'The lure of cashing in on pricey real estate has fueled Chevron's latest decision to sell another five of its gas stations in Vancouver.

On Thursday, a spokesperson confirmed the closures of five more locations, all on the west side of the city.

"The econ... read more.

robo-mortgage advisers?

(August 14, 2017, posted in Mortgage misc)

Robert McLister, BBA, is the founder of mortgage rate comparison website, Editor of Canadian Mortgage Trends and a mortgage planner at Robert analyzes mortgage rates and writes about a range of issues impacting mortgage consumers and today, in the Globe and Mail wrote the following.....

The leaders of the mortgage industry will soon be those at the top of the Google... read more.

townhome activity

(August 11, 2017, posted in West Vancouver Strata)

changing trends in demand

(August 10, 2017, posted in Vancouver Metro Real Estate)

Metro Vancouver housing market saw few sales and more listings this past July.

To understand what's going on let's look at four key indicators:
  1. Sales
  2. Listings
  3. Sales-To-Active Listings Ratio 
  4. Home prices

home sales

REALTOR®'s registered 2,960 sales on our MLS® last month.  This is down about -8% from  last year (July 2016) and less than 1% above the 10 year July average.

Home listings that supply house dema... read more.

outpacing other property types

(August 09, 2017, posted in North Vancouver Strata)

dip simply a blib?

(August 08, 2017, posted in Vancouver Metro Real Estate)

With recent price declines in Canada's hot real estate markets, there's been talk of a slowdown. But, so far, it's hardly something for prospective buyers to get excited about.

While prices did drop after the introduction of a foreign homebuyers tax in Vancouver last year, they're once again surging to new highs.

In Toronto, both prices and sales have taken a dive since the same type of tax came int... read more.

rising demand

(August 08, 2017, posted in West Vancouver Strata)

limited condominium options

(August 07, 2017, posted in West Vancouver Strata)

Blog post content goes here

market shift

(August 06, 2017, posted in North Shore)

DETACHED house prices


townhomes prices

2016 saw North Vancouver and West Vancouver house prices escalate till BC's provincial government introduced a 15-per-cent-tax on foreign home buyers in Metro Vancouver in response to the region's skyrocketing housing prices. The tax was implemented at a time that the market had already begun to change but accelerated the softening through Augu... read more.

record high prices continue

(August 05, 2017, posted in North Vancouver Homes)

lofty prices

(August 04, 2017, posted in West Vancouver Homes)

price, property type & location

(August 02, 2017, posted in Vancouver Metro Real Estate)

Home buyer activity returned to more typical summer levels in Metro Vancouver last month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold.

Last month’s sales were 0.7 per ce... read more.

typical summer market activity

(August 02, 2017, posted in North Shore)

In West Vancouver, there were 41 sales in the month of July. The sales to new listings ratio was 27% which represents a buyer’s market. For July 2017 the sales to total active listings percentage was 8%, a decrease from 10% in July 2016. Sales for July 2017 were down by 3 units compared to July 2016. 

The West Vancouver listing inventory has increased by 12 homes compared to June 2017 and increased... read more.

moves to tame frothy real estate markets

(August 02, 2017)

One year ago, a foreign-buyers tax went into effect in Metro Vancouver. A flurry of housing reform has followed, designed to tame Canada’s frothy markets. Have the moves succeeded? Janet McFarland reports on the aftermath and what’s ahead.

Canada’s housing sector has been whipsawed by policy changes over the past year as governments have tried to cool overheated markets in Vancouver and Toronto and... read more.

ways to prepare for a disaster, now!

(August 01, 2017, posted in Tips)

More than 1,200 earthquakes are recorded in BC each year. Most are too small to be felt, but an earthquake capable of causing structural damage is expected to occur about once every 10 years. The 6.3 magnitude earthquake that struck Christchurch, New Zealand in 2011 was strong enough to shift this home off its foundation. Source: PreparedBC, Household Preparedness Guide

  1. Visit PreparedBC. This is BC... read more.