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

June 2020 Metro Vancouver Housing

Source: Real Estate Board of Greater Vancouver

Contact us at info@wesellvancouver.ca or 604-716-6155 for any of your real estate needs.

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New property listed in Downtown VE, Vancouver East
I have listed a new property at 207 138 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, balance of New Home Warranty, low property taxes & great potential rent return for INVESTORS. Don't miss this one!
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New property listed in Downtown VE, Vancouver East
I have listed a new property at 511 138 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. Includes ONE secure parking stall. Low maintenance fees, balance of New Home Warranty, low property taxes & great potential rent return for INVESTORS. Don't miss this one!
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May 2020 Metro Vancouver Housing

As per the British Columbia Real Estate Association (BCREA), there was a total of 4,518 residential unit sales recorded by MLS® in May 2020, a 45.2% decrease from May 2019. The average MLS® residential price in BC was $728,898, a 3.2% increase from $706,394 recorded the previous year. Total sales dollar volume in May was $3.3 billion, a 43.5% decrease over 2019.
"There were encouraging signs of recovery in May," said BCREA Chief Economist Brendon Ogmundson. "While activity is still far below normal, both sales and listings are up significantly from April's lows."

New listings activity started to normalize around the first week of May, reversing a slide in total active listings. However, active listings are still down close to 24% year-over-year and are more than 10,000 listings...

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Commercial Activity Report - 2020 Q1

The BCREA Commercial Leading Indicator (CLI) has seen a decline in the first quarter of 2020 from 134.2 to 123.2, which can be attributed to the COVID-19 pandemic. Compared to the same time last year, the index was down by 4.8%.

The pandemic-induced shutdown of the economy in the last two weeks of the first quarter of 2020 had a notable impact on the CLI, turning all components negative. On the economic activity component, manufacturing sales led the decline. On the employment component, a fall in key commercial real estate sector jobs was the primary driver. Meanwhile, the financial component had the largest negative impact on the CLI, as REIT prices tumbled and risk spreads widened in March. The underlying trend in the CLI was relatively flat in the previous six quarters, but has taken a sudden...

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April 2020 Metro Vancouver Housing


For April 2020, there was a 50.8% decline in residential unit sales recorded by MLS® compared to April 2019 (3,284 units). The average MLS® residential price in BC was $737,834, a 7.8% increase from $684,430 recorded the previous year. 

"We expected to see a sharp drop in sales for April as we confronted the COVID-19 pandemic,” said BCREA Chief Economist Brendon Ogmundson. “However, buyers and sellers are adapting to a new normal, and activity should pick up as the economy gradually re-opens.”

While the supply of homes available for sale generally rises through the spring, this year was a bit different. Supply was down close to 10% on a seasonally adjusted basis and down 23.7% year-over-year. Prices remained firm despite the large decline in sales.

Y...

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March 2020 Metro Vancouver Housing

Looking back at March 2020 housing figures, the British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) which is an increase of 17.2% from the same month last year. There was 15.1% increase in the average MLS® residential price in BC bringing it to $789,548 compared to March 2019's average of $685,892. For the total sales dollar volume, it hit $5.3 Billion which is a 35% increase over 2019.

“Provincial housing markets started the month very strong before the COVID-19 pandemic put a halt to activity,” said BCREA Chief Economist Brendon Ogmundson. “Activity will slow considerably in April as households and the real estate sector implement measures necessary...

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Changes to Stress Test

Changes to the mortgage stress test have been announced by Federal Minister of Finance, Bill Morneau, on February 18, 2020. In short, the stress test is used to determine the minimum qualifying rate for insured mortgages. The changes announced have come in effect as of April 6, 2020. The new benchmark rate will be the weekly median five-year fixed insured mortgage rate from mortgage insured applications, plus 2%.

As a result of a review by federal financial agencies, it has been determined that the minimum qualifying rate should be more dynamic to better reflect the evolution of market conditions. The change to the stress test will allow it to be more representative of the mortgage rates offered by lenders, and more responsive to market conditions.

“For many middle class Canadians, their...

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Commercial Activity Report - 2019 Q4

The BCREA Commercial Leading Indicator (CLI) has decreased to 134.3 in 2019 Q4 for the second straight month. Looking back at the same time last year, the CLI has increased by 0.3%. The provincial economic activity slowed down which can be attributed to a slow down in the wholesale trade (2.0% decrease) and manufacturing sales (0.6% decease) despite retail sales seeing an increase of 0.8%

The economic activity component of the CLI has been negative for the sixth consecutive quarter. The economic activity component follows the overall trend in the BC economy and reflects changes in economic variables shown to lead commercial real estate activity.

The employment component of the CLI has also seen a negative change due to a decline in manufacturing employment despite office employment increasing....

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I have sold a property at 204 3673 11TH AVE W in Vancouver
I have sold a property at 204 3673 11TH AVE W in Vancouver.
RARELY AVAILABLE home at Alma Court! This two bedroom and one bathroom corner unit is south facing with a quiet tree-lined street view and features an exceptional use of space across 553 SF. Includes gas fireplace, insuite laundry, one secure underground parking stall and south facing balcony. Rentals and pets are allowed. Steps away from greek town, shopping, community center, transit, daycare, eateries, Almond Park and more - 92 walkscore! Don't miss this one.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.