Please visit our Open House at 204 538 SMITHE ST in Vancouver.

Open House on Saturday, November 11, 2017 2:00PM - 4:00PM

HOT PRICE! ACT FAST for this chic New York style 2 level 2 bedroom townhouse. It's the only Downtown townhome under $1M. Beautifully updated and on quiet side of the building overlooking landscaped courtyard. Live the Urban Lifestyle at the edge of Downtown & Yaletown. Enjoy two outdoor patios. This designer style home features crown mouldings, stainless steel appliances, sliding glass doors to second bedroom, tasteful wall treatments, all new flooring and blinds, built-in electric fireplace, a unique floorplan & 2 huge insuite storage spaces, plus locker & parking. Nothing to do but move in! Boutique style Mode is a concrete building with only 8 floors and a pro-active strata. 100 transit & walkscore! Pets & rentals welcomed. Open house Saturday & Sunday, November 11th & 12th, 2-4 pm.

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Please visit our Open House at 204 538 SMITHE ST in Vancouver.

Open House on Sunday, November 12, 2017 2:00PM - 4:00PM

HOT PRICE! ACT FAST for this chic New York style 2 level 2 bedroom townhouse. It's the only Downtown townhome under $1M. Beautifully updated and on quiet side of the building overlooking landscaped courtyard. Live the Urban Lifestyle at the edge of Downtown & Yaletown. Enjoy two outdoor patios. This designer style home features crown mouldings, stainless steel appliances, sliding glass doors to second bedroom, tasteful wall treatments, all new flooring and blinds, built-in electric fireplace, a unique floorplan & 2 huge insuite storage spaces, plus locker & parking. Nothing to do but move in! Boutique style Mode is a concrete building with only 8 floors and a pro-active strata. 100 transit & walkscore! Pets & rentals welcomed. Open house Saturday & Sunday, November 11th & 12th, 2-4 pm.

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Please visit our Open House at 1201 1277 NELSON ST in Vancouver.

Open House on Saturday, November 4, 2017 2:00PM - 4:00PM

Welcome home to 1277 Nelson, a sought after West End building at the top of the hill and offering views of English Bay, the mountains, and the neighbourhood from your floor-to-ceiling windows. Suite is in move in condition, has an open floor plan and boasts lovely hardwood floors. Features include insuite laundry, parking and storage locker, live-in caretaker, gym, visitor parking, and a great area at the back of the building. Well looked after building with pro-active strata. Sorry no pets and rentals restricted to a minimum of 6 months. Steps to Nelson Park, St Paul's Hospital, Robson Street, and English Bay.98 Walkscore. Priced to Sell! Open House: Sat, Nov 4th, 2:00-4:00 PM.

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Please visit our Open House at 204 538 SMITHE ST in Vancouver.

Open House on Saturday, October 28, 2017 2:00PM - 4:00PM

HOT PRICE! ACT FAST for this chic New York style 2 level 2 bedroom townhouse. It's the only Downtown townhome under $1M. Beautifully updated and on quiet side of the building overlooking landscaped courtyard. Live the Urban Lifestyle at the edge of Downtown & Yaletown. This designer style home features crown mouldings, stainless steel appliances, sliding glass doors to second bedroom, tasteful wall treatments, all new flooring and blinds, built-in electric fireplace, a unique floorplan & 2 huge insuite storage spaces, plus locker & parking. Nothing to do but move in! Boutique style Mode is a concrete building with only 8 floors and a pro-active strata. 100 transit & walkscore! Pets & rentals welcomed. Open Oct 28 & 29, 2-4 pm.

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Please visit our Open House at 204 538 SMITHE ST in Vancouver.

Open House on Sunday, October 29, 2017 2:00PM - 4:00PM

HOT PRICE! ACT FAST for this chic New York style 2 level 2 bedroom townhouse. It's the only Downtown townhome under $1M. Beautifully updated and on quiet side of the building overlooking landscaped courtyard. Live the Urban Lifestyle at the edge of Downtown & Yaletown. This designer style home features crown mouldings, stainless steel appliances, sliding glass doors to second bedroom, tasteful wall treatments, all new flooring and blinds, built-in electric fireplace, a unique floorplan & 2 huge insuite storage spaces, plus locker & parking. Nothing to do but move in! Boutique style Mode is a concrete building with only 8 floors and a pro-active strata. 100 transit & walkscore! Pets & rentals welcomed. Open Oct 28 & 29, 2-4 pm.

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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Saturday, October 21, 2017 1:30PM - 2:30PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, high ceilings, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. 2 bedroom accommodation on lower level. Practically a house! Outstanding value! Open House: Sat, Oct 21st, 1:30-2:30 PM.

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The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period last year. Total sales dollar volume was $5.8 billion, up 30.2 per cent from September 2016.

 

The average MLS® residential price in the province was $693,774, up 18.5 per cent from September 2016.

 

“BC home sales rose nearly 5 per cent from August on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "Total active listings on the market continue to trend at ten-year lows in most BC regions, limiting unit sales and pushing home prices higher. While the economic fundamentals support elevated housing demand, rising home prices are eroding affordability, particularly for first-time buyers."

 

Year-to-date, BC residential sales dollar volume was down 12.8 per cent to $57.6 billion, when compared with the same period in 2016.

Residential unit sales declined 13 per cent to 81,608 units, while the average MLS® residential price was down 0.2 per cent to $705,501.

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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Saturday, October 14, 2017 1:30PM - 2:30PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, high ceilings, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. 2 bedroom accommodation on lower level. Practically a house! Outstanding value! Open House: Sat, Oct 14, 1:30-2:30 PM.

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Canadian Housing Starts - October 10, 2017 - BCREA


Canadian housing starts decreased by 4 per cent in September to 217,118 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian housing starts also declined to 214,821 units SAAR.

New home construction in BC rose 6 per cent on a monthly basis to 37,470 units SAAR but was down 18 per cent on a year-over-year basis.  Single detached starts were flat compared to one year ago while multiple unit starts declined 24 per cent year-over-year.

Looking at census metropolitan areas (CMA) in BC: 

  • Total starts in the Vancouver CMA fell 13 per cent from August and were down about half compared to September 2016. Multiple unit starts were down 58 per cent from one year ago as record levels of units under construction weigh on new projects.
  • In the Victoria CMA market, housing starts continue to surge, rising 127 per cent year-over-year. Multiple unit starts continue to drive new home construction, with starts more than triple levels seen last September.
  • New home construction in the Kelowna CMA jumped more than 200 per cent year-over-year as close to 350 new multiple unit starts were recorded.
  • Housing starts in the Abbotsford-Mission CMA also more than doubled year-over-year due to strong growth in both single and multiple starts. 
Call Maggie 604-3288-0077
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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Saturday, September 30, 2017 1:30PM - 3:30PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, high ceilings, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. 2 bedroom accommodation on lower level. Practically a house! Outstanding value! Open House: Sat, Sept 30th, 1:30-3:30 PM.

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Here's the latest forecast from BCREA. 5 year mortgage rates hit 3 year high.

Check out their latest graphs and predictions for 2018.


Have a real estate question? 

Call Maggie 604-328-0077 and put my local experience to work for you!

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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Saturday, September 23, 2017 1:30PM - 3:00PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. 2 bedroom accommodation on lower level. Easy to show! Open house Sept 23rd, 1:30-3PM.

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Vancouver, BC – September 14, 2017. TheBritish Columbia Real Estate Association (BCREA) reports that a total of 9,162 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 2.4 per cent from the same period last year. Total sales dollar volume was $6.2 billion, up 22 per cent from August 2016. The average MLS® residential price in the province was $678,186, a 19.1 per cent increase from August 2016.


“BC home sales in August remained unchanged from July, on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "Strong economic conditions are underpinning demand. However, rising home prices combined with upward pressure on mortgage interest rates is expected to temper demand over the balance of the year."


Year-to-date, BC residential sales dollar volume was down 15.9 per cent to $51.8 billion, when compared with the same period in 2016. Residential unit sales declined 15.0 per cent to 73,267 units, while the average MLS® residential price was down 1.1 per cent to $706,839.

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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Saturday, September 16, 2017 1:30PM - 2:30PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. 2 bedroom accommodation on lower level. Easy to show! Open house Sept 16TH, 1:30-2:30PM.

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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Saturday, September 9, 2017 1:30PM - 3:30PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. 2 bedroom accommodation on lower level. Easy to show! Open house Sept 8; 5-6pm, Sept 9; 1:30- 3:30pm.

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Please visit our Open House at 1820 WOODLAND DR in Vancouver.

Open House on Friday, September 8, 2017 1:30PM - 3:30PM

Sophisticated 2 year old quality built half duplex in a sought after location boasting a Walkscore of 95. Steps to the Drive and close to Commercial Skytrain, Olympic village neighborhood and Downtown Vancouver. Unique 3 levels, 4 bedrooms & den, 4 bathrooms plus garage and security system. Excellent layout features a spacious main floor with designer kitchen situated off the large dining/living room with the 3/4 inch solid maple wide plank flooring, top of the line stainless steel appliance including gas stove Master bedroom with vaulted ceilings, walk in closet and a balcony. Enjoy summers entertaining on the backyard patio with gas hookup for BBQ. Easy to show! Open house Sept 8; 5-6pm, Sept 9; 1:30- 3:30pm.

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Canadian Building Permits - September 7, 2017 - BCREA


The total value of Canadian building permits fell 3.5 per cent on a monthly basis in July, the first decrease since March 2017.  The decrease was largely the result of lower construction intentions in Ontario, though several provinces saw declines. 

The total value of permits issued in BC increased 4.6 per cent on a monthly basis and were up 35.4 per cent year-over-year, exceeding $1.3 billion for a second consecutive month. Residential permits rose 7.8 per cent on a monthly basis and were 52.6 per cent higher year-over year. That growth was led by a record $771.8 million in permits for multi-family dwellings. Non-residential permits declined 6.1 per cent on a monthly basis and were 5.6 per cent lower year-over-year.

Construction intentions were higher in three of BC's four census metropolitan areas (CMA):

  • Permits in the Abbotsford-Mission CMA  fell 17.4 per cent on a monthly basis to just over $30 million. Year-over-year, permit values were more than double the value of July 2016.
  • In the Victoria CMA, total construction intentions totaled $138.9 million, an 8.2 per cent monthly increase and a 48 per cent increase in permit values from one year ago.
  • In the Kelowna CMA, permits were 1.8 per cent higher a monthly basis and close to 5 per cent higher compared to July 2016 at $71 million.
  • In the Vancouver CMA, a record value of multi-family dwelling permits pushed the total value of all permit activity to $858.6 million, an increase of 8.2 per cent on a monthly basis and a 48 per cent increase year-over-year. 
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Sept 6, 2017 


The Bank of Canada announced this morning that it is raising its target for the overnight rate by 25 basis points to 1 per cent. In the press release accompanying the decision, the Bank noted that recent economic data have been stronger than expected but growth is forecast to moderate in the second half of the year.  On inflation, the Bank cited some excess capacity and temporary price shocks as factors keeping inflation below its 2 per cent target. Importantly, the Bank mentioned it will be paying particular attention to the evolution of the economy's potential growth rate (meaning the economy's estimated long-run growth rate) as well as to labour market conditions and the economy's sensitivity to higher interest rates.

The Bank has now removed the stimulus it injected into the Canadian economy in 2015 to offset the impact of falling oil prices. With the economy expanding at a 3.5 per cent rate over the past year, that stimulus is clearly no longer required. The Bank seems to be more concerned about the potential for higher future inflation due to an over-heated economy than on the actual very low inflation observed in recent months. That leaves the door open for further rate increases should economic growth remain robust. 

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Please visit our Open House at 904 1816 HARO ST in Vancouver.

Open House on Saturday, September 9, 2017 1:30PM - 3:30PM

Sought after West of Denman location. Bring your decorating ideas for SW corner spacious one bedroom and den, plus enclosed balcony, which could be opened. Partial view of English Bay. Features beautiful marble floors in entrance and kitchen. A short walk to Stanley Park, Lost Lagoon, and Beach Avenue. Enjoy the coffee shops, restaurants, and grocery store at your doorstep. Features an outdoor pool, sauna, and beautiful gardens. Underground parking and storage locker, plus live-in caretaker. Pets not allowed, rentals maxed at 6. Maintenance fee includes heat and hot water. Strata has completed exterior upgrading. Easy to show! Priced to sell! OPEN HOUSE SEPT 9TH 1:30-3:30.

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Vancouver, BC – August 31, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Third Quarter Housing Forecast update today.

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 elevated levels through 2018. The ten-year average for MLS® residential sales in the province is 84,700 units.

British Columbia's position as the best performing economy in the country is bolstering consumer confidence and housing demand," said Cameron Muir, BCREA Chief Economist. "Strong employment growth, a marked increase in migrants from other provinces, and the ageing of the millennial generation is supporting a heightened level of housing transactions. However, a limited supply of homes for sale is causing home prices to rise significantly in many regions, particularly in the Lower Mainland condominium market".

The average MLS® residential price in the province is forecast to increase 3.5 per cent to $715,000 this year, and a further 4.1 per cent to nearly $745,000 in 2018. However, the provincial average price is being skewed lower as the result of a change in the mix and share of homes selling. Fewer detached home sales relative to attached and apartment properties and a larger proportion of home sales occurring outside the Metro Vancouver region are operating to hold back the provincial average price. Home prices in ten of the 11 real estate board areas are forecast to rise at a higher rate than the provincial average.


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