Please visit our Open House at 204 1146 HARWOOD ST in Vancouver.

Open House on Friday, April 1, 2016 5:00 PM - 6:00 PM

Attention Investors, pied-a-terre and first time buyers! Welcome home to the sought after LAMPLIGHTER, a concrete strata in the heart of the Sunset Beach/Davie St neighborhood with no rental restriction, a pro-active council and onsite caretaker. This northeast facing one bedroom has just been completely renovated with new laminate floors, quartz countertops, updated bathroom and kitchen, new Blomberg washer/dryer, new appliances and is available immediately. Open balcony overlooking the beautifully manicured gardens. Includes storage locker and parking for $35/month. Refurbished lobby and common areas, recently re-plumbed, renewed parking membrane, new boilers and landscaping. No pets. Walk Score - 95. OPEN HOUSE: April 1st 5:00-6:00pm and April 2nd 3:30-4:30pm.

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Ever wondered how Canada ranks amongst other countries in the world?

-Canada ranked 13th out of 144 economies in the World Economic Forum’s Global Competitiveness Index, 2015-16

• Ranked fourth in the Human Capital Index, 2015

• Vancouver (3), Toronto (4) and Calgary (5) were all in the top five most liveable cities, according to the Economist Intelligence Unit’s Global Liveability Ranking, 2015

• Canada ranked as the world’s ninth least-corrupt country on the Corruption Perceptions Index, 2015

• Ranked as the 12th most innovative country on the Bloomberg Innovation Index, which assesses countries based on R&D, manufacturing, technology, education and patents

• Ranked seventh on Forbes’ Best Countries for Business list, 2015.

No wonder international money is flowing into our real estate markets!

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JUST LISTED! 204-1146 Harwood - Sneak Peak FridayApril lst 5-6pm and Open Sat April 2nd 330-430pm. Attention Investors, First Time Buyers and Pied-a-terre Seekers! you'll love this newly renovated one bedroom facing n.e. overlooking manicured gardens and featuring new laminate floors, new bathroom, new open kitchen with quartz countertops, new appliances. Fast possession possible. The Lamplighter is a sought after concrete strata building in the West End's Davie Street/Sunset beach neighbourhood. Pro-active strata. $319,000.. Welcome home!

Contact maggie for more info 604-328-0077

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Knight Frank's wealth report about 2015 luxury real estate ranks Vancouver as the best performing city worldwide, with a 24.5% increase over the last year.Sydney came in second with a 14.8% increase and Shanghai was third with 14.1% increase. Toronto came in 12th with a 8% increase. This is called the Prime International Residential Index (PIRI) and it tracks the most sought after real estate around the world.

The weak Canadian dollar helped Vancouver shoot to top position, together with low supply of properties for sale and international demand.

Interestingly, central London did not make the top 100 list.

However, Vancouver is not seen as a city that matters the most to the UHNW (ultra high net worth ) individuals, who live in other international cities but follow the advise of their investment advisors regarding real estate purchases and will send their children to school in cities like Vancouver.

Mar 22/16

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Premier Christy Clark announced this morning that her government will create “new rules” within existing legislation to address assignment agreements. 

These rules will require informed consent from the original seller, and for the profits from assignments to revert to the original seller. 

These rules are under development and not yet in force. The government will rely on the findings that come from the Real Estate Council’s Independent Advisory Group. This group will provide an interim report in April.

Read the government’s release here

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The Bank of Canada holds the overnight rate at 0.5%, adding that inflation is evolving as anticipated bt a weak economy will continue to dampen growth in consumer prices. Weak economic growth is due to the low price of oil and the economy is expected to remain weak thru 2016. The low Canadian dollar is making imports of goods, including machinery, fruit and vegetables more expensive. 

March 9, 2016

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February saw BC housing starts hit a record high at 5,780 units SAAR. The record setting pace of new construction was a result of new home and apartment construction which were up 183% year over year.

Housing starts in Metro Vancouver were up 199% year over year in February 2016.

Where else set housing start records in February? Victoria, Kelowna and Abbotsford/Mission.

Strong net migration into BC is creating a demand for housing.

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This is the first time in the last ten years that I've seen Vancouver's West Side house prices be lower in February than in January. Very unusual for Chinese New Year as there is always a surge in real estate sales as they go shoppping.

Are prices topping, given the 32% increase in the last year? Definitely over the top!

In December 2012 the average sales price was $2M, so it has nearly doubled in only three years....definitely not normal.

In January 2015 the price was $2.7M and a year later it's $3.7M.

Average sale price dipped from $3.805.000 in January to $3.728.000 in February.

However, one month does not a treand make! We shall have to see what happens in March.

View the graph



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February 2016 saw real estate listings and sales in Greater Vancouver increase but prices levelled off. Sales were up 36% from a year ago and 65% higher than January this year, totalling 56% higher than the 10 year average for the month and ranking as the highest February on record.

New Listings for houses, townhomes and condos were 7% higher than a year ago and 30% above January 2016. It is normal for listings to increase as we move into Spring. 

Total inventory remains 38% lower than a year ago but listings in February were 1,200 more than January.

The sales to active ratio sits at 57%, indicating a seller's market.

The average sale price of a Greater Vancouvr house is currently $1.812.000, up 29% from a year ago but no higher than it was in January. Are house prices finally levelling?

The average sale price of a Greater Vancouver townhome is currently $668,000, up 19% from a year ago but no higher than it was in January.

The average sale price of a Greater Vancouver condo is currently $530,000, up 15% from a year ago and up from $516,000 in January. Are more buyers opting for condos due to affordability?

Average days on market dropped to 32, which is 28% lower than a year ago.

Vancouver Neighbourhood Specialist Maggie Chandler

  • I a full-time Real Estate Advisor who always goes the extra mile for you!  Do you wish to receive excellent service on your time frame, backed by decades of hyper-local knowledge and expertise in Vancouver’s  neighbourhoods?
  • How can you benefit from my knowledge of Vancouver penthouses, waterfront condos, townhomes, heritage condos, lofts, investment properties  and luxury real estate ?  I have marketed and sold over 1,000 properties
  • How can I help you find the right home or investment property?
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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