Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold.

 

Last month’s sales were 23 per cent below the 10-year March sales average.

 

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 per cent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

 

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

 

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 per cent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 per cent increase compared to February 2018 when 4,223 homes were listed.

 

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 per cent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 per cent increase compared to March 2017 (7,586) and a 7.1 per cent increase compared to February 2018 (7,822).

 

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

 

For all property types, the sales-to-active listings ratio for March 2018 is 30 per cent. By property type, the ratio is 14.2 per cent for detached homes, 39.9 per cent for townhomes, and 61.6 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.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 16.1 per cent increase over March 2017 and a 1.1 per cent increase compared to February 2018.

 

Sales of detached properties in March 2018 reached 722, a decrease of 37 per cent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 per cent increase from March 2017 and a 0.4 per cent increase compared to February 2018.

 

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 per cent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 per cent increase from March 2017 and a 1.6 per cent increase compared to February 2018.

 

Attached property sales in March 2018 totalled 446, a decrease of 24.1 per cent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 per cent increase from March 2017 and a two per cent increase compared to February 2018.

 

 

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I have sold a property at 450 Gordon AVE in West Vancouver.
One of the most desirable streets in popular Cedardale. Built in 1961 and renovated in 2006, this 4/5 bedroom, 3.5 bathroom traditional home is meticulously maintained & well cared for. This 3550 sqft classic residence sits on a spectacular 12,000+ sqft level & private estate property. Bright, airy and timeless. Dark Oak H/W floors flow through the formal living, dining, eating area and updated open kitchen with S/S appliances that opens to a sundrenched S facing patio. 4 spacious bedrooms up with flex/bedroom, laundry room and large media/rec room over top of the 2 car garage. Top schools, shopping recreation, parks and downtown are just minutes away. The child safe backyard with hot tub and quiet cul-de-sac make this the perfect family home!
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I have sold a property at 1504 130 2ND ST E in North Vancouver.
Gorgeous sub-penthouse in one of the most sought after, well managed and well maintained buildings in Lower Lonsdale. This rarely available 2 bed, 2 bath sub-penthouse features over 1,100 sq ft of open living space. Sip a glass of wine and relax beside the warming glow of your exclusive gas fireplace or watch the sun go down while sitting on the sundrenched balcony, as you gaze out on the sweeping downtown, harbour and mountain views. Other features include floor to ceilings windows, oak engineered flooring, in-suite laundry, gym, outdoor garden space, 2 parking stalls and 1 storage locker. There’s nothing like Lower Lonsdale living, with restaurants, shopping and easy access to downtown all within a few minutes walk.
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I have sold a property at 1202 170 1ST ST W in North Vancouver.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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Attached and apartment homes are in demand across Metro Vancouver while detached home buyers are facing less competition today.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 per cent decrease compared to December 2017 when 2,016 homes sold.

Last month’s sales were 7.1 per cent above the 10-year January sales average. By property type, detached sales were down 24.8 per cent from the 10-year January average, attached sales increased 14.3 per cent and apartment sales were up 31.6 per cent over the same period.

“Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver,” Jill Oudil, REBGV president said. “Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.”

There were 3,796 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2018. This represents an 8.3 per cent decrease compared to the 4,140 homes listed in January 2017 and a 100.7 per cent increase compared to December 2017 when 1,891 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,947, a four per cent decrease compared to January 2017 (7,238) and a 0.2 per cent decrease compared to December 2017 (6,958).

For all property types, the sales-to-active listings ratio for January 2018 is 26.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 32.8 per cent for townhomes, and 57.2 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.

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,056,500. This represents a 16.6 per cent increase over January 2017 and a 0.6 per cent increase compared to December 2017.

Detached home sales in January 2018 reached 487, a 9.7 per cent increase from the 444 detached sales recorded in January 2017. The benchmark price for detached properties is $1,601,500. This represents an 8.3 per cent increase from January 2017 and a 0.3 per cent decrease compared to December 2017.

Apartment home sales reached 1,012 in January 2018, a 22.7 per cent increase compared to the 825 sales in January 2017. The benchmark price of an apartment property is $665,400. This represents a 27.4 per cent increase from January 2017 and a 1.5 per cent increase compared to December 2017.

Attached home sales in January 2018 totalled 319, a 25.6 per cent increase compared to the 254 sales in January 2017. The benchmark price of an attached unit is $803,700. This represents a 17.5 per cent increase from January 2017 and unchanged compared to December 2017.

 

Click here to download the full package.

 

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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Saturday, January 27, 2018 12:00PM - 3:00PM ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water plus gas for the stove and fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Sunday, January 28, 2018 12:00PM - 3:00PM ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water plus gas for the stove and fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Sunday, January 21, 2018 12:00PM - 3:00PM ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water plus gas for the stove and fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Saturday, January 20, 2018 12:00PM - 3:00PM ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water plus gas for the fireplace and stove! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Sunday, January 14, 2018 12:00PM - 3:00PM ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water and gas for the fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Saturday, January 13, 2018 12:00PM - 3:00PM ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water and gas for the fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
Read full post

Please visit our Open House at 1504 130 2ND ST E in North Vancouver.
Open House on Sunday, January 14, 2018 1:00PM - 4:00PM
Gorgeous sub-penthouse in one of the most sought after, well managed and well maintained buildings in Lower Lonsdale. This rarely available 2 bed, 2 bath sub-penthouse features over 1,100 sq ft of open living space. Sip a glass of wine and relax beside the warming glow of your exclusive gas fireplace or watch the sun go down while sitting on the sundrenched balcony, as you gaze out on the sweeping downtown, harbour and mountain views. Other features include floor to ceilings windows, oak engineered flooring, in-suite laundry, gym, outdoor garden space, 2 parking stalls and 1 storage locker. There’s nothing like Lower Lonsdale living, with restaurants, shopping and easy access to downtown all within a few minutes walk.
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Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Sunday, January 7, 2018 12:00PM - 3:00PM Make this a VERY Happy New Year! Get it off to a great start by coming to our Open House on January 7. ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include newer Bosch washer and dryer plus a designer gas range. Maintenance fee even includes heat, hot water and gas for the fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
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After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a 9.9 per cent decrease from the 39,943 sales recorded in 2016, and a 15 per cent decrease over the 42,326 residential sales in 2015.

Last year’s sales total was, however, 9.7 per cent above the 10-year sales average.

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

Home listings in Metro Vancouver reached 54,655 in 2017. This is a 5.1 per cent decrease compared to the 57,596 homes listed in 2016 and a 4.5 per cent decrease compared to the 57,249 homes listed in 2015.

Last year’s listings total was 4.4 per cent below the 10-year listings average.

“Market activity differed considerably this year based on property type,” Oudil said. “Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300. This is up 15.9 per cent compared to December 2016.

The benchmark price of condominiums increased 25.9 per cent in the region last year. Townhomes increased 18.5 per cent and detached homes increased 7.9 per cent.

“Strong economic growth, low interest rates, declining unemployment, increasing wages and a growing population all helped boost home buyer demand in our region last year,” Oudil said.

December summary

Sales of detached, attached, and apartment properties totalled 2,016 in the region in December 2017, a 17.6 per cent increase from the 1,714 sales recorded in December 2016 and a 27.9 per cent decrease compared to November 2017 when 2,795 homes sold.

Last month’s sales were 7.5 per cent above the 10-year sales average for the month.

“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Oudil said. “Only time will tell what impact these rules will have on the market.

“Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation,” Oudil said.

There were 1,891 residential homes newly listed for sale in December 2017. This represents a 44.1 per cent increase compared to the 1,312 homes listed in December 2016 and a 54 per cent decrease compared to November 2017 when 4,109 properties were listed.

The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 6,958, a 9.7 per cent increase compared to December 2016 (6,345) and a 20.5 per cent decrease compared to November 2017 (8,747).

The sales-to-active listings ratio for December 2017 is 29 per cent. By property type, the ratio is 14.4 per cent for detached homes, 38.8 per cent for townhomes, and 59.6 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.

Sales of detached properties in December 2017 reached 617, a 14 per cent increase from the 541 detached sales recorded in December 2016. The benchmark price for a detached home in the region is $1,605,800. This represents a 7.9 per cent increase compared to December 2016.

Sales of apartment homes reached 1,028 in December 2017, a 12.3 per cent increase compared to the 915 sales in December 2016.The benchmark price of an apartment in the region is $655,400. This represents a 25.9 per cent increase compared to December 2016.

Attached (or townhome) property sales in December 2017 totalled 371, a 43.8 per cent increase compared to the 258 sales in December 2016. The benchmark price of an attached home in the region is $803,700. This represents an 18.5 per cent increase compared to December 2016.

 

Click here to download the full package.

 

Read full post

Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Saturday, January 6, 2018 12:00PM - 3:00PM Make this a VERY Happy New Year! Get it off to a great start by coming to our Open House on Jan. 6 and 7. ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and gas for the fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcome (but no short term rentals). It's a short walk to the Quay and Seabus for quick access to downtown Vancouver. LoLo has become the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Make this a VERY Happy New Year! Get it off to a great start by coming to our Open House on Jan. 6 and 7. ONE PARK LANE is one of the most desirable addresses in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and natural gas for the fireplace! There is a Concierge on duty in the building lobby to accept parcels, etc. Residents have a full gym, a lounge, plus a theatre viewing room is available. Rentals and pets are welcomed (with restrictions). LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle. Ask anyone who has lived here a while. They will tell you that life on the North Shore is distinctly different than everything else on the other side of Burrard Inlet. However, if you must, it's only a short walk to the Quay and Seabus for quick access to downtown Vancouver.
Read full post

I have listed a new property at 1202 170 1ST ST W in North Vancouver.
OPEN HOUSE - Tuesday Dec. 19 (10am - Noon) and Saturday Dec 23 (Noon to 3:30pm). ONE PARK LANE is one of the most desirable buildings in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and gas for the fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcomed (with restrictions). It's a short walk to the Quay and Seabus. LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Read full post

Please visit our Open House at 1202 170 1ST ST W in North Vancouver.
Open House on Saturday, December 23, 2017 12:00PM - 3:30PM
OPEN HOUSE - Tuesday Dec. 19 (10am - Noon) and Saturday Dec 23 (Noon to 3:30pm). ONE PARK LANE is one of the most desirable buildings in Lower Lonsdale. This two bedroom and den, sub-penthouse unit has great exposure for morning light with view from the mountains to East Vancouver. Features include new Bosch washer and dryer plus a new designer gas range. Maintenance fee even includes heat, hot water and gas for the fireplace! There is a Concierge on duty to accept parcels, etc. Residents have a full gym and a theatre viewing room available. Rentals and pets are welcomed (with restrictions). It's a short walk to the Quay and Seabus. LoLo is the Yaletown of the North Shore with it's vibrant, urban lifestyle.
Read full post

Please visit our Open House at 1504 130 2ND ST E in North Vancouver.
Open House on Sunday, December 17, 2017 1:30PM - 3:30PM
Gorgeous sub-penthouse in one of the most sought after, well managed and well maintained buildings in Lower Lonsdale. This rarely available 2 bed, 2 bath sub-penthouse features over 1,100 sq ft of open living space. Sip a glass of wine and relax beside the warming glow of your exclusive gas fireplace or watch the sun go down while sitting on the sundrenched balcony, as you gaze out on the sweeping downtown, harbour and mountain views. Other features include floor to ceilings windows, oak engineered flooring, in-suite laundry, gym, outdoor garden space, 2 parking stalls and 1 storage locker. There’s nothing like Lower Lonsdale living, with restaurants, shopping and easy access to downtown all within a few minutes walk.
Read full post

Please visit our Open House at 1504 130 2ND ST E in North Vancouver.
Open House on Sunday, December 10, 2017 1:30PM - 3:30PM
Gorgeous sub-penthouse in one of the most sought after, well managed and well maintained buildings in Lower Lonsdale. This rarely available 2 bed, 2 bath sub-penthouse features over 1,100 sq ft of open living space. Sip a glass of wine and relax beside the warming glow of your exclusive gas fireplace or watch the sun go down while sitting on the sundrenched balcony, as you gaze out on the sweeping downtown, harbour and mountain views. Other features include floor to ceilings windows, oak engineered flooring, in-suite laundry, gym, outdoor garden space, 2 parking stalls and 1 storage locker. There’s nothing like Lower Lonsdale living, with restaurants, shopping and easy access to downtown all within a few minutes walk.
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Metro Vancouver* saw modest home listing changes and steady demand in November.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 per cent increase from the 2,214 sales recorded in November 2016, and a 7.5 per cent decrease compared to October 2017 when 3,022 homes sold.

 

Last month’s sales were 17 per cent above the 10-year November sales average.

 

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 per cent increase compared to the 3,147 homes listed in November 2016 and a 9.5 per cent decrease compared to October 2017 when 4,539 homes were listed.

 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 per cent increase compared to November 2016 (8,385) and a 4.3 per cent decrease compared to October 2017 (9,137).

“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.

 

The sales-to-active listings ratio for November 2017 is 32 per cent, which is up three per cent since September 2017. By property type, the ratio is 15.9 per cent for detached homes (up one per cent since September 2017), 36.4 per cent for townhomes (down six per cent since September 2017), and 67.8 per cent for condominiums (up seven per cent since September 2017).

 

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.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 per cent increase over November 2016 and a 0.4 per cent increase compared to October 2017.

 

Sales of detached properties in November 2017 reached 841, a 31.8 per cent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 per cent increase from November 2016 and a 0.1 per cent decrease compared to October 2017.

 

Sales of apartment properties reached 1,508 in November 2017, a 25.7 per cent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 per cent increase from November 2016 and a one per cent increase compared to October 2017.

 

Attached property sales in November 2017 totalled 446, an 18.6 per cent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 per cent increase from November 2016 and a 0.3 per cent increase compared to October 2017.

 

 

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