News

The Real estate Board of Greater Vancouver has had one of it's strongest month's of all time. Due to lack of supply, high demand and low interest rates the market is on fire. More importantly it is mostly local Buyers getting into the market in record numbers. Last month’s sales were 72.2 per cent above the 10-year March sales average and the highest monthly sales total ever recorded in the region.

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The Real Estate market in Greater Vancouver is booming despite the global pandemic. Home is a focus for many wanting to get into the market with historically low interest rates. Sales in October were almost 35% higher than the 10 years sales average for October and the second highest ever. Multiple offers are once again common and interest in single family homes has undergone a resurgence. The benchmark price for a detached home is now $1,523,000 an 8.5% increase over October 2019. The benchmark price for a condo is now $683,500 up 4.4% from October 2019. Finally the benchmark price for a townhome is $813,000 up 5.4% from October 2019. It's a great time to buy! …

We are all adapting to the new normal in The Vancouver real estate market in May. Prices are remaining steady and there are many Buyers out in the marketplace looking for homes. The current interest rates are a draw along with homes remaining on the market a little longer due to Covid protocols. Many agents now have virtual tours attached to their listings along with many more photos and neighbourhood info.      …

The April 2020 Real Estate Board  are a reflection of our current Corona environment. Sales are down which is understandable considering the protocols in place for showings and lack of listings coming on until the stay at home policy is lifted. Prior to Covid 19 the market was busy and on an upward swing. Prices on detached, attached & condos are all up over last year. With the current low interest rates the prediction is that the market will have a sharp increase is sales volume once things get back to the new normal. In the meantime we have quite a few local  buyers that are actively looking for homes. It is a great opportunity for local buyers to get into the lower mainland real estate market.       …

We love Snapstats! They break down sales & listings by neighbourhood throughout Burnaby North. It is a great way to see what is happening your neighbourhood on a month to month basis. It also shows the percentage of price increases per area which may help in your decision of where to buy a home. Burnaby North is a great place to buy as prices have risen and it is a fairly balanced market, not favoring either buyers or sellers at the moment. Detached home prices show a 5.6% increase over last year, condos 1.2% increase & townhomes a 2.5% increase. Vancouver Heights had 2 sales last month and 11 active listings. The 11 listings are mostyl comprised of high end homes in the over 2 million dollar price range. Please take a look at the detached, attached & condo information enclosed and if you have any questions please give us a call.   …

Enclosed are the Snapstats for East Vancouver! This is a great way to see what is happening in your neighbourhood and area! Some areas have recently changed, Hastings East is now Hastings Sunrise. Prices throughout Vancouver East are up from last year.  Fraser, Grandview and Main street sub areas are leading the way up almost 11% from last year. Vancouver has many interesting diverse neighbourhoods and it is always interesting to see where the hotspots are.   …