Merry christmas!

(December 24, 2014)

I just received this email Christmas Poem from local lawyer Tony Spagnuolo.  For sixteen years Tony annually takes to pen and creates these great, clever Christmas poems....ENJOY and thank you Tony 

2014 Christmas Poem

'Twas a week before Christmas, when all through the firm,
the office still busy, as we shall soon learn;
But why is it so, why is the market so strong,
the markets will slow, say the expe... read more.

expensive residential real estate

(December 20, 2014)

According to the recent release of RE/MAX's 2015 Housing Market Outlook Report most Canadian regions posted modest gains in average residential sale price in 2014.  Prices in residential property markets in Toronto, Vancouver and their surrounding areas, as well as Calgary and Edmonton are expected to increase in 2015:
  • 3% in the Greater Vancouver area,
  • 4% in the Greater Toronto area,
  • 7% in Kelowna,
  • 4... read more.

winding down the year

(December 04, 2014, posted in West Vancouver Homes)

Detached home sale activity in West Vancouver in November was down slightly, 18.18% compared to the same month last year, 10% lower than Multiple Listing Service (MLS®) sales processed in October and 10% lower than the year-to-date average.

This is the time of the year we typically expect to see a decrease in sale activity as folks focus more on holiday festivities, nonetheless, overall 2014 is sha... read more.

seasonal cooling of the market

(December 03, 2014, posted in North Vancouver Homes)

Typically towards year end we see a cooling of the local North Shore real estate market.  

North Vancouver home sales in November were
  • down -19.78% from the month before,
  • down -12.05% from November 2013 and
  • down -49.65% from the height of monthly home sales in May.
Robust 2014 monthly sale activity for North Vancouver detached homes comes with a total 1,172 homes sold at the end of this November. With an... read more.

what's next for our market?

(December 02, 2014)

The Real Estate Board of Greater Vancouver just released a video market update which "takes a broader look at the housing market in terms of where we are now and where we may be headed next year.

We have been in a strong market cycle in the last two years following a quieter than normal 2012.  Demand in the metro Vancouver housing market began to rise and has been strong and steady since.

In April of... read more.