Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017. April sales were 4.8 per cent above the 10-year average for the month. For the first four months of the year, condominium and townhome sales have comprised a larger percentage of a ...

For the month of March 2017, residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent compared to February 2017 when 2,425 homes sold.  Although there was a decrease in demand for detached homes, the demand for condos and townhomes has increased.March al ...

1)   Aging demographic: There are many homeowners who have owned a home for 50-60 years that are living longer than expected and have run out of savings. The baby boomers born from 1950-65 aren’t far behind in this trend. Recent studies show that for a couple that are 65 years old today that one will live into their 90’s! 2)   Lack of Disposable income: Many recent government and independent ...

1) Not staying on budget When you see the “perfect” home out of your budget, it’s always tempting to stretch your dollars to close the deal.  However, that’s a dangerous trap your income might decline or the real estate market might depreciate.  When that happens, you might not be able to make ends meet.  This is why it’s important to get pre-approved for a loan and only limit your search to ...

There are many benefits to doing a Reverse Mortgage here are six: 1) Access up to 55% of value in your home: Appraised value not accessed value. 2) These funds can assist you for any need: Renovation, home care, pay out debt, gift to kids, holiday, subsidize pension etc. 3) The money recieved is TAX FREE! Since you are accessing equity in your home all funds are tax free. 4) No income r ...

1. Find out what kind of a building you need for your operation Think about what works in your current space and what doesn’t. For example, do you have enough space, enough power, enough parking and enough access to transportation for staff? Is there room to grow? Will a potential new location bring more business or save money? 2. Do your homework on construction companies 3. Pinpoint “mu ...

According to the Real Estate Board of Great Vancouver, 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 2016 and an 11.1 per cent ...

After just over 6 months of implementing the 15% foreign homebuyer tax, premier Christy Clark has announced on January 29, 2017 a new exception to the legislation.  The extra 15% will now no longer be applicable to those who have a work permit and pay taxes in B.C..  This act is an attempt to encourage more foreign workers to move into the province.   According to tax revenues records, the ...

BC Business Magazine has come up with a new ranking for best cities to work in for 2017.  The ranking was assigned based on the following seven factors: average household income average household income under 35 average household spending on recreation average shelter costs five-year population growth five-year average household income growth unemployment rate This ranking is a g ...

When it comes to rental restrictions, two factors comes into play, either a strata corporation passed bylaw or a developer filed Rental Disclosure Statement. A bylaw may either prohibit rentals of residential strata units or limit the number or percentage of residential strata units that may be rented or limit the period of time for which they may be rented.  A Rental Disclosure Statement o ...

2016 has come and gone.  We saw a lot of changes in the Metro Vancouver housing market towards the end of the year with several new regulations implemented. But even with a 5.6%  drop in home sales, 2016 still managed to be recorded as the third highest selling year, just behind 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016. The yea ...

On December 15, Premier Christy Clark announced a new provincially backed loan program for first-time homebuyers aptly named Home Owner Mortgage and Equity (HOME) Partnership.  Applicants will be able to receive up to $37,500, or five per cent of the home’s purchase price like a secondary mortgage for 25 years.  The loan will be interest-free for the first five years and after that buyers c ...

Did you know parking can fall under so many categories that you need to look into properly otherwise you'll end up with no parking?  Take a look at the below categories and find out what your parking stall falls under.   Common Property: Non-Exclusive Use: where an owner, resident, tenant or visitor may park anywhere or use a storage locker on a first come basis. Short-Term Exc ...

Yaletown Market Update (December 8 - 14, 2016) There were 3 new listings in Yaletown in the past week.  Ranging from $589,000 to $1,368,000.  The average price is $885,333 and median price is $699,000.  Square footage ranges from 526 sq ft to 948 sq ft. 308 939 HOMER STREET 1205 198 AQUARIUS MEWS 301 1180 HOMER STREET  Call 604.761.7546 for more inform ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (Dec 6 - 12, 2016) There were 3 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $2,298,000 to $11,980,000.  The average price is $5,958,666 and median price is $3,598,000. Square footage ranges from 2,745sq ft to 3,841sq ft.   2624 W 3RD AVENUE 2540 WALLACE CRESCENT ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (Dec 3 - 9, 2016) There were 6 new listings in Lower Lonsdale in the past week.  Ranging from $309,800 to $$939,000.  The average price is $490,766 and median price is $418,900.  Square footage ranges from 640 sq ft to 952 sq ft.   106 240 MAHON AVENUE 205 150 E 5TH STREET 907 145 ST. GEORGES A ...

Yaletown Market Update (December 1 - 7, 2016) There were 10 new listings in Yaletown in the past week.  Ranging from $479,000 to $3,380,000.  The average price is $1,438,250 and median price is $1,404,500.  Square footage ranges from 433 sq ft to 1,823 sq ft. 301 583 BEACH CRESCENT 1810 1500 HORNBY STREET 4008 1480 HOWE STREET 2608 909 MAINLAND STREET ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (Nov 29 - Dec 5, 2016) There were 5 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $1,988,000 to $5,488,000.  The average price is $3,706,400 and median price is $3,988,000. Square footage ranges from 1,729sq ft to 4,103sq ft.   3077 W 16TH AVENUE 3854 W 15TH AVENUE ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (Nov 23 - Dec 2, 2016) There were 4 new listings in Lower Lonsdale in the past week.  Ranging from $299,000  to $539,900.  The average price is $392,175 and median price is $364,900. Square footage ranges from 588 sq ft to 805 sq ft.   216 175 E 4TH STREET 501 145 ST. GEORGES AVENUE 304 264 W ...

Yaletown Market Update (November 24 - 30, 2016) There were 7 new listings in Yaletown in the past week.  Ranging from $528,800 to $2,699,000.  The average price is $1,014,800 and median price is $620,000. Square footage ranges from 515 sq ft to 1,515 sq ft. 2003 939 EXPO BOULEVARD 1102 1010 RICHARDS STREET 1807 939 EXPO STREET 3307 1495 RICHARDS STREET ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (Nov 22 - 28, 2016) There were 2 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $4,480,000  to $6,498,000.  The average price is $5,489,000 and median price is $5,489,000. Square footage ranges from 2,886sq ft to 3,202sq ft.   1838 MCNICOLL AVENUE 4598 W8TH AVENUE ...

For those of you who hasn’t been following the news in mortgage regulations in Canada, there has been some major change in the past month.  Effective November 30, 2016, all insured mortgages will be subject to a mortgage stress test whether you are putting more or less than 20% down payment.  The purpose of the test is to measure if a borrower could still afford to pay back a loan if the rat ...

Yaletown Market Update (November 17 - 23, 2016)There were 10 new listings in Yaletown in the past week.  Ranging from $539,000 to $3,998,000.  The average price is $1,140,780 and median price is $828,500.  Square footage ranges from 538 sq ft to 1,860 sq ft. 2703 950 CAMBIE STREET 1806 388 DRAKE STREET 508 1133 HOMER STREET 2808 1323 HOMER STREET ...

There’s always the question that floats around people who are interested in investment properties. Do I really need a real estate broker? Most people assumes that finding a piece of investment property sounds as simple as investing in whatever area that’s in the hot zone. And with the information available this day and age, some have the misconception that they can be their own expert. The ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (Nov 07 - 14, 2016) There were 5 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $1,698,000 to $4,800,000.  The average price is $3,104,800 and median price is $2,758,000. Square footage ranges from 1,729sq ft to 2,906sq ft.   3779 W 1ST AVENUE 3620 W 2ND AVENUE ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (Sept 03 - 09, 2016) There were 14 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $2,288,000  to $4,998,000. The average price is $3,478,070 and median price is $3,288,000. Square footage ranges from 1,993sq ft to 5,617sq ft.   3451 W 6TH AVENUE 2026 W 14TH AVENUE ...

Yaletown Market Update (Aug 23 - 29, 2016) There were 10 new listings in Yaletown in the past week.  Ranging from $510,000 to $3,885,000.  The average price is $1,278,880 and median price is $824,000.  Square footage ranges from 505 sq ft to 2,720 sq ft. PH3703 193 AQUARIUS MEWS 403 BEACH CRESCENT 1506 950 CAMBIE STREET 2405 928 HOMER STREET 102 ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (Aug 18 - Aug 24, 2016)There were 4 new listings in Lower Lonsdale in the past week.  Ranging from $299,000  to $778,000.  The average price is $520,250 and median price is $502,000.  Square footage ranges from 659 sq ft to 933 sq ft.   201 137 E 1ST STREET 314 170 W 1ST STREET #301 131 W 3RD ST ...

Yaletown Market Update (Aug 16 - 22, 2016) There were 21 new listings in Yaletown in the past week.  Ranging from $399,000 to $3,888,000.  The average price is $993,790 and median price is $849,000.  Square footage ranges from 428 sq ft to 1,978sq ft. 3603 928 BEATTY STREET 3011 928 BEATTY STREET 402 989 SW BEATTY STREET 606 989 BEATTY STREET PH ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (Aug 11 - Aug 17, 2016) There were 9 new listings in Lower Lonsdale in the past week.  Ranging from $319,000  to $1,900,000.  The average price is $766,511 and median price is $619,000.  Square footage ranges from 702 sq ft to 2,591 sq ft.   1002 170 W 1ST STREET 306 333 E 1ST STREET 2203 120 W ...

Yaletown Market Update (Aug 2 - 8, 2016) There were 38 new listings in Yaletown in the past week.  Ranging from $399,000 to $3,380,000.  The average price is $936,933 and median price is $782,450.  Square footage ranges from 455 sq ft to 1,624sq ft. 1701 583 BEACH CRESCENT 1604 907 BEACH AVENUE 938 BEATTY STREET 1103 821 CAMBIE STREET 1007 950 ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (July 28 - Aug 3, 2016) There were 6 new listings in Lower Lonsdale in the past week.  Ranging from $409,000 to $1,238,000.  The average price is $732,133 and median price is $678,900.  Square footage ranges from 650 sq ft to 1,680 sq ft.   205 212 LONSDALE AVENUE 1007 145 ST. GEORGES AVENUE 70 ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (July 21 - 27, 2016) There were 7 new listings in Lower Lonsdale in the past week.  Ranging from $258,000 to $749,000.  The average price is $449,142 and median price is $369,000.  Square footage ranges from 610 sq ft to 1, 340 sq ft.   101 175 E 4TH STREET 201 150 E 5TH STREET 208 360 E 2ND ST ...

Yaletown Market Update (July 19 - 25, 2016) There were 20 new listings in Yaletown in the past week.  Ranging from $538,000 to $6,625,000.  The average price is $1,349,819 and median price is $873,950.  Square footage ranges from 480 sq ft to 3,440 sq ft. 2001 930 CAMBIE STREET 2101 950 CAMBIE STREET 702 212 DAVIE STREET 12B 199 DRAKE STREET 603 ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (July 16 -22, 2016) There were 7 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $2,150,000 to $6,980,000. The average price is $3,537,714 and median price is $3,088,000. Square footage ranges from 1,892 sq ft to 2,882 sq ft.   2656 W 12TH AVENUE 2732 W 7TH AVENUE ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (July 14 - 20, 2016) There were 9 new listings in Lower Lonsdale in the past week.  Ranging from $259,000 to $980,000.  The average price is $513,022 and median price is $538,800.  Square footage ranges from 515 sq ft to 1,131 sq ft.   103 170 W 1ST STREET 103 135 W 2ND STREET 603 151 W 2ND STR ...

Yaletown Market Update (July 12 - 18, 2016) There were 17 new listings in Yaletown in the past week.  Ranging from $419,000 to $3,218,000.  The average price is $1,052,447 and median price is $699,000.  Square footage ranges from 505 sq ft to 1,995 sq ft.   1203 928 BEATTY STREET 501 918 COOPERAGE WAY 1006 189 DAVIE STREET 903 939 EXPO BOULEVARD ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (July 9 -15, 2016) There were 19 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $2,078,800 to $8,780,000.  The average price is $3,693,042 and median price is $3,380,000 Square footage ranges from 1,314 sq ft to 4,480 sq ft.   3451 W 6TH AVENUE 2733 W 7TH AVENUE ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (July 7 - 13, 2016) There were 11 new listings in Lower Lonsdale in the past week.  Ranging from $279,000 to $1,588,000.  The average price is $606,545 and median price is $499,000.  Square footage ranges from 568 sq ft to 1,616 sq ft.   109 310 W 3RD STREET 305 245 ST. DAVIDS AVENUE 301 250 W ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (June 30 - July 6, 2016) There were 11 new listings in Lower Lonsdale in the past week.  Ranging from $279,900 to $$999,800.  The average price is $526,254 and median price is $419,000.  Square footage ranges from 605 sq ft to 1,131 sq ft.   208 275 W 2ND STREET 313 155 E 5TH STREET 212 251 W ...

Lower Lonsdale in North Vancouver Apartment & Townhouse Market Update (June 23 - June 30, 2016) There were 11 new listings in Lower Lonsdale in the past week.  Ranging from $319,000 to $1,509,000.  The average price is $764,990 and median price is $618,000.  Square footage ranges from 591 sq ft to 1,812 sq ft.   209 131 W 4TH STREET 301 360 E 2ND STREET 305 105 W ...

Yaletown Market Update (June 21 - 27, 2016) There were 18 new listings in Yaletown in the past week.  Ranging from $535,000 to $6,400,000.  The average price is $2,182,522 and median price is $1,448,000.  Square footage ranges from 400 sq ft to 3,445 sq ft.   1902 455 BEACH CRESCENT 2911 928 BEATTY STREET 508 928 BEATTY STREET 606 989 BEATTY STREET ...

Yaletown Market Update (June 14 - 20, 2016) There were 30 new listings in Yaletown in the past week.  Ranging from $379,000 to $5,559,000.  The average price is $1,302,576 and median price is $811,500.  Square footage ranges from 415 sq ft to 2,580 sq ft.   1806 977 MAINLAND STREET 205 910 BEACH AVENUE 1205 930 CAMBIE STREET 1006 950 CAMBIE STREET ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (June 11 - June 17, 2016) There were 19 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $1,499,000 to $28,000,000.  The average price is $5,764,204 and median price is $4,280,000. Square footage ranges from 1,3140 sq ft to 6,758 sq ft.   2425 TRUTCH STREET 3627 W 10TH AV ...

In the last year or two, unless you have been on a beautiful island somewhere, you have been hearing about the Canadian real estate market….and Vancouver in particular. And, you have probably seen the many news reports, some of which are predicting a possible correction in the future. For instance, the Bank Of Canada stated that Canada’s overall real estate market is overvalued by 10 to 30%, ...

Yaletown Market Update (June 07 - 13, 2016) There were 24 new listings in Yaletown in the past week.  Ranging from $399,000 to $1,799,00.  The average price is $914,512 and median price is $843,950. Square footage ranges from 439 sq ft to 1,431sq ft.   2510 939 HOMER STREET 508 910 BEACH AVENUE 502 928 RICHARDS STREET 510 1088 RICHARDS STREET 30 ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (June 4 - June 10, 2016) There were 21 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $1,788,000 to $19,888,000.  The average price is $4,410,457 and median price is $4,410,457. Square footage ranges from 1,314 sq ft to 4,445 sq ft.   3655 W 5TH AVENUE 4450 W 9TH AVEN ...

Yaletown Market Update (May 31 - June 06, 2016) There were 18 new listings in Yaletown in the past week.  Ranging from $389,000 to $3,150,800.  The average price is $1,203,804 and median price is $949,000.  Square footage ranges from 398 sq ft to 1,572 sq ft.   602 198 AQUARIUS MEWS 1107 928 BEATTY STREET 1211 928 BEATTY STREET 411 1216 HOMER STREET ...

Kerrisdale, Point Grey and Kitsilano Detached Homes Market Update (June 3, 2016) There are 23 new listings in Kerrisdale, Point Grey and Kitsilano in the past week.  Ranging from $2,188,000 to $11,988,000.  The average price is $4,037,642 and median price is $3,698,000. Square footage ranges from 1,300 sq ft to 4,764 sq ft.   3616 W 1ST AVENUE 4572 W 2ND AVENUE 3344 W 3RD AVENUE 4681 W 9 ...

Yaletown Market Update (May 24 - 30, 2016) There are 29 new listings in Yaletown in the past week.  Ranging from $448.000 to 4,388,000.  The average price is $1,008,300 and median price is $749,900.  Square footage ranges from 462 sq ft to 2,411 sq ft.   1902 1088 RICHARDS STREET 2203 1010 RICHARDS STREET 210 928 RICHARDS STREET 2301 1199 MARINAS ...