Featured Vancouver Real Estate Listings

 

Are You Ready to Buy Your Next Home in Vancouver?

If you are ready to buy your first house, condo or townhouse in Vancouver Yaletown, Kitsilano, Vancouver Downtown, Gastown, West Vancouver, Coal Harbour, Kerrisdale, False Creek or other parts of the Lower Mainland, then there are three vital tips that you will want to keep in mind as you prepare to enter into the Vancouver real estate marketplace. By following these tips, you will be in the best possible position to ensure that you really will be able to find and buy your dream home.

Get Pre-approved for a Home Mortgage

Perhaps the most important step that you should keep in mind when it comes to buying your first home is to get pre-approved for a home mortgage loan. By getting pre-approved for a home mortgage loan before you start looking, you will be in a far stronger position to enter into a real estate contract.

The typical home seller will be more eager to enter into a sales contract with a person who has been pre-approved for a home mortgage loan. One of the biggest obstacles to closing a real estate deal in Vancouver and the Lower Mainland is usually the inability of the buyer to obtain acceptable bank financing. By coming to the bargaining table with a pre-approved home mortgage, you will be able to demonstrate to a seller that you are serious about buying their home.

Develop a Specific Home Buying Plan

Another important step that you will want to take when it comes to buying your first home is to develop a specific home buying plan. If you do not have a plan, you will often be tempted off course in your search for that perfect property. A Vancouver REALTOR® will help you set up your plan.

Perhaps the most significant element of a plan is to set forth specifically what you are willing to pay for a house, condo or townhouse. The failure to establish such a budget oftentimes results in a person ending up spending far more on a home than he/she can actually afford.

Consult with a REALTOR®

Finally, your interests can be best served by engaging a professional Vancouver real estate agent to assist you in your search for your home. Our agents will provide you with the newest Vancouver MLS real estate listings, advise you on all facets of a property and the current market, guide you through the complex contract negotiations and always be there for your needs. By selecting a professional Vancouver real estate agent to assist you in your home search, you have the best chance for success in finding your ideal Vancouver house, condo or townhouse and ensuring your experience is both exciting and stress-free.
 
 

 

Latest Vancouver Real Estate News

2018 Housing and Economic Forecast

Based on projections for the remainder of the year, MLS® residential sales are expected to decline 9% to 94,200 units compared to 103,700 units in 2017. As well, 2019 and 2020 forecasts predict sales to decrease to 94,000 and 84,800 units, respectively.

The Lower Mainland - Southwest region of the province (which includes the Greater Vancouver Area, the Fraser Valley and Chilliwack) constitutes ~60% of the housing demand in BC. Housing demand fell sharply in the first four months of 2018 as a result of tighter mortgage qualifications. There was minimal impact on home prices as a result of the slower housing demand.

The type of housing market varies depending on housing type. The detached market in Vancouver and the Fraser Valley is showing a balanced market whereas the attached and apartment...

More...
I have sold a property at 514 138 HASTINGS ST E in Vancouver
I have sold a property at 514 138 HASTINGS ST E in Vancouver.
AFFORDABLE 1 bedroom / 1 bath at Sequel 138, just steps from Gastown, Tinseltown, Chinatown and the downtown core. Built in late 2015, building features a unique central courtyard and open breezeways, reclaimed wood harvest table, shared BBQ and resident urban garden plots. Home features include 9 ft ceilings, hidden Blomberg fridge, SS range, mounted microwave, Corian countertops, insuite washer/dryer combo & laminate flooring throughout. Low maintenance fees, low property taxes & great potential rent return. Don't miss this one!
More...
New property listed in Downtown VE, Vancouver East
I have listed a new property at 514 138 HASTINGS ST E in Vancouver.
AFFORDABLE 1 bedroom / 1 bath at Sequel 138, just steps from Gastown, Tinseltown, Chinatown and the downtown core. Built in late 2015, building features a unique central courtyard and open breezeways, reclaimed wood harvest table, shared BBQ and resident urban garden plots. Home features include 9 ft ceilings, hidden Blomberg fridge, SS range, mounted microwave, Corian countertops, insuite washer/dryer combo & laminate flooring throughout. Low maintenance fees, low property taxes & great potential rent return. Don't miss this one!
More...
National Housing Strategy Revealed

The announcement of Canada's first National Housing Strategy was announced by Justin Trudeau on November 22, 2017, which promises $40 billion of investment in affordable homes.

Prime Minister Trudeau said, “We need to change our approach to housing and stop thinking about housing as a problem. Housing is actually a solution. It’s the best tool we have for some really significant challenges, whether that’s for health, crime, climate change, unemployment, or reconciliation... Affordable housing has made all the difference for folks from all walks of life. But in recent decades, our housing stock has aged and the federal government’s role has diminished.”

This strategy is making housing a priority and the $40 Billion investment, spread over a 10-year period, will be...

More...
October Residential Market Highlights

GREATER VANCOUVER SALES - Last month, the Real Estate Board of Greater Vancouver (REBGV) reports a total of 3,022 residential property sales within the Metro Vancouver area (7.1% increase compared to September 2017). The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,300. This is a 12.4% increase over October 2016 and a 0.5% increase compared to September 2017.

"Conditions continue to vary significantly based on property type. The detached home market is well supplied with homes for sale, which is relieving pressure on prices," Jill Oudil, REBGV president said. "It remains a much different story in the townhouse and apartment markets. Buyers of these properties continue to have limited supply to choose from and are...

More...
August 2017 Housing Stats

The real estate market has recovered from the foreign-buyer tax lull that was introduced a year ago with the second-hottest August on record. Last month, there were 3,043 home sales in the Greater Vancouver area which is 2.80% and 22.30% higher than July 2017 and August 2016, respectively. Below you will find a comparative chart that depicts the Greater Vancouver residential sales from 2015 to present.


Once again, demand is outpacing supply with the number of listings declining month over month and year over year. It is a seller's market for August 2017 with a sales-to-active listings ratio of 34.6%. Looking at this ratio by property type, it is 16.3% for detached homes (buyer's market) and 44.8% for townhomes and 76.3% for condominiums (strong seller's markets). Home prices are on the rise...

More...
New property listed in Downtown VE, Vancouver East
I have listed a new property at 163 PENDER ST E in Vancouver.
Great retail in newly renovated Silk Building in the heart of Chinatown. The unit boasts 16 foot ceilings, storefront door to ceiling windows & door and a full wall of windows along the side. Polished concrete floors, 2 bathrooms, venting in place if needed. Density in the area has been rapidly increasing with several new condo and commercial developments bringing new residents, cafes, retail and foot traffic. Public transportation is directly on Pender Street with the Skytrain just blocks away.
More...
Streetfront Retail Space Available for Lease

We've got a streetfront retail space available in a highly desirable area in the heart of Chinatown which has seen an influx of new developments. Vancouver\'s Chinatown is universally appealing to tourists and locals alike with its rich culture, striking heritage buildings and world-renowned delicacies. This location is in walking distance to Gastown, Strathcona and the Downtown Core and is in close proximity to transit hubs.

The subject property boasts a unique layout with character storefront, exposed cement bricks, 16ft ceilings and polished concrete floors. This newly and extensively renovated unit is exposed to high vehicle and pedestrian traffic and has prominent signage opportunities which is perfect for a retailer, cafe, office or fitness studio! The unit also includes an enclosed board...

More...
Benchmark Home Prices

Price of a typical composite Greater Vancouver home rises above the million-dollar mark for first time at $1,019,400. In July, there were 2,960 home sales in the Greater Vancouver area. Across all property types, the sales-to-active listings ratio for July 2017 is 32.2% – still a strong seller’s market, but an easing-off compared with June’s 45.5%. 

“Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” said Jill Oudil, REBGV president. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.”

As of July 2017, the benchmark price for...

More...
Revamping Oakridge Centre

Oakridge Centre has changed hands from Ivanhoe Cambridge to QuadReal Property Group and the new owners have plans to do a major redesign for a mixed-use development. QuadReal has selected Westbank as their partner for this redevelopment. 

"Along with QuadReal, we have an opportunity to bring to fruition a new standard of urban living about which we have long been passionate - a cultural hub that takes every element of a vibrant multicultural city and shares them with our community and millions of visitors a year," said Ian Gillespie, Founder of Westbank. "We believe the future of Oakridge Centre will be even more dynamic than its past. We have few opportunities in life to create world-class projects - this will be one."

The new Oakridge Centre will be a true mixed-use community. As a prototype...

More...