Posted on
November 30, 2014
by
Paul Liberatore & Joe Traversa
Please visit our Open House at 4116 PANDORA ST in Burnaby.
Open House on Sunday, November 30, 2014 2:00 pm - 4:00 pm
Centrally Located Gorgeous European Built 3 Bedroom/ 3 Bath HALF DUPLEX in the Front with crawl space in well sough after VANCOUVER HEIGHTS neighborhood.Designer Colors, 9' ceilings, hardwood floors throughout, gas fireplace with built in shelfs, marble back splash, crown mouldings, and the list goes on. Still have FULL WARRANTY.. Don't wait and miss out. A pleasure to show. Call now.
Posted on
November 26, 2014
by
Paul Liberatore & Joe Traversa
We have listed a new property at 4116 PANDORA ST in Burnaby. Centrally Located Gorgeous European Built 3 Bedroom/ 3 Bath HALF DUPLEX in the Front with crawl space in well sough after VANCOUVER HEIGHTS neighborhood.Designer Colors, 9' ceilings, hardwood floors throughout, gas fireplace with built in shelfs, marble back splash, crown mouldings, and the list goes on. Still have FULL WARRANTY.. Don't wait and miss out. A pleasure to show. Call now.
Posted on
November 26, 2014
by
Paul Liberatore & Joe Traversa
Please visit our Open House at 4116 PANDORA ST in Burnaby.
Open House on Saturday, November 29, 2014 1:00 pm - 3:00 pm
Centrally Located Gorgeous European Built 3 Bedroom/ 3 Bath HALF DUPLEX in the Front with crawl space in well sough after VANCOUVER HEIGHTS neighborhood.Designer Colors, 9' ceilings, hardwood floors throughout, gas fireplace with built in shelfs, marble back splash, crown mouldings, and the list goes on. Still have FULL WARRANTY.. Don't wait and miss out. A pleasure to show. Call now.
Posted on
November 25, 2014
by
Paul Liberator
BlackBerry hopes a $600 incentive will convince iPhone users to swap their touchscreen Apple device for a keyboard-equipped BlackBerry Passport.
The Waterloo, Ont.,-based technology company plans to launch the holiday promotion in December, giving customers up to $400 of trade-in value, depending on which model of iPhone they have.
It'll also offer those who switch up to an additional $200 through a prepaid credit card.
The deep discount is only available to North American customers who order through Amazon or Blackberry's online store before Feb. 13.
BlackBerry (TSX:BB) is trying to claw its way back into the spotlight this holiday shopping season with a series of promotions that include a limited-edition Passport phone in red, a white model and alternative financing options for U.S. customers.
The company also plans to release another model, the BlackBerry Classic, an updated version of its popular older keyboard smartphones, on Dec. 17.
BlackBerry is in the midst of a turnaround plan that has involved CEO John Chen scaling back the size of the company while refocusing its priorities on corporate clients, rather than the consumer market.
However the latest round of discounts are clearly angled at enticing shoppers who will head to the malls, and e-commerce retailers, over the U.S. Thanksgiving holiday this weekend.
Whether the promotional campaign will be successful remains to be seen, said CIBC analyst Todd Coupland.
"If iPhone 6 buyers wanted a Passport they would've bought one," he said.
"You'll get some guys probably around the margin, but I'd be surprised if this has a major impact."
The Canadian smartphone maker launched the BlackBerry Passport in late September touting it as a better device for business users.
While BlackBerry hasn't released updated sales figures for the Passport, Chen said the company received 200,000 orders for the device within the first two days of its release.
Coupland suggested BlackBerry is trying to extend the initial spike in sales, which is common when a new device is released to the market.
"The predominant strategy for the company is to transition the service revenue to software revenue by managing all flavours of software devices," he added.
"If they can sell a few devices along the way, fine."
BlackBerry said the trade-in offer applies to users who have iPhone 4S, 5, 5C, 5S, and 6 models.
Shares of BlackBerry rose 12 cents to $11.88 near midday on the Toronto Stock Exchange
Posted on
November 24, 2014
by
Paul Liberatore
Aggressive urban planning around SkyTrain stations in Burnaby is turning the municipality into Metro Vancouver’s hotbed for condo development, according to an Urban Development Institute report.
Heavy pre-sales in projects such as Station Square at Metrotown and the redevelopment of Brentwood Town Centre added up to almost 30 per cent of all new-construction sales across Metro Vancouver, outpacing Vancouver’s downtown and west side neighbourhoods.
Throw in the city’s east side and Vancouver still sold more condominiums, but Burnaby’s high-density push is bringing development levels between the two cities closer together.
To the end of the third quarter, Burnaby saw 1,613 presales of condos under development compared with 1,394 for downtown and west-side Vancouver combined, UDI reported.
In total, developers have projects that add up to 14,548 units in the planning stage in Burnaby, within striking distance of the 14,766 in the City of Vancouver’s planning process.
From Burnaby’s point of view, that push is a deliberate strategy. Burnaby Mayor Derek Corrigan referred to the city’s transit-oriented town centres as “our city’s economic drivers” in a speech related to activity on the five-tower Station Square development at Metrotown Town Centre.
And he wasn’t just referring to construction jobs, but also the new commercial development that has come along with the development and the population growth that it supports.
Burnaby has done a lot to encourage development with recently revamped town centre plans and re-zoning exercises, such as the major redevelopment of Brentwood Town Centre, according to Michael Ferreira, an analyst with Urban Analytics, the firm that compiled the UDI report.
The city has also allowed bigger towers, in the 40-50-storey range with large numbers of units in each one, which has contributed to the surge of new units in presales.
However, Ferreira added, “if you don’t have people who want to live there, it doesn’t matter what the city does. And I think Burnaby’s got a lot going for it in that sense.”
Between the long-established amenities at Metrotown, Brentwood and Edmonds town centres, it’s easily accessible by the freeway as well as SkyTrain and the next-most-convenient location to Vancouver’s central attractions.
Prices for new condos are also $100 per square foot cheaper than in Vancouver, Ferreira said.
Developer Greg Zayadi described Burnaby as having “probably the deepest pool of buyers” of any community in the Lower Mainland.
Some 660 of Burnaby’s presales so far this year have been in two buildings at the Station Square development that Zayadi’s firm — Anthem Properties Group Ltd — is developing with Beedie Development Group.
Zayadi, Anthem’s vice-president of sales and marketing, added that the biggest contingent of their buyers are people who already have Burnaby addresses — 40 per cent. Of the investor buyers purchasing, he said most appear to be buying units that other members of their family will probably live in.
He said fewer than 10 per cent, about 40 buyers, put offshore addresses on their purchase contracts.
Zayadi added that Burnaby does make the development process easy for them in terms of a clear path through zoning, the design phase, establishment of community amenities.
“All of that is a nice, straightforward process,” Zayadi said. “From a working relationship point of view, it’s probably one of the best municipalities.”
Posted on
November 23, 2014
by
Paul Liberatore
The one-person household is the fastest-growing category in Canada’s housing market as the population ages and more people opt to live alone.
One-person “households are expected to show the fastest pace of growth to 2036, making it the single biggest type of household by the 2020s,” according to Canada Mortgage and Housing Corp. statistics for 2013.
And home ownership by one-person households is also on the rise as seniors become wealthier and young people delaying marriage flock to budget-priced, one-bedroom condominiums.
Women are overrepresented in the singles condo market, according to CMHC.
In 2011 – the latest year for which data are available – women represented 65 percent of condo owner occupants living alone, with that number rising to 76 percent for those 55 and older.
Also in 2011, 28 percent of households were one-person, more than twice their 13 percent share in 1971. In comparison, couples with children over the same time span shrank to 29 percent from 50 percent.
“This is a very important force: more single people living by themselves, mainly women,” CIBC World Markets Inc. deputy chief economist Benjamin Tal said.
In the booming condo market – particularly Toronto – “you can see the one-bedroom is basically what’s selling,” Tal said.
“There are now more one-person households than couples with children. This share is expected to continue to rise over the next two decades, driven in large part by an aging population, in particular an increase in the number of widowed women living alone,” Bank of Nova Scotia economist Adrienne Warren said in a report on global real estate trends last year.
But it’s still too early to call the huge presence of women in one-person arrangements as a “widow boom.”
The trend has been a decline in older women living alone since 2001, University of Lethbridge sociology professor Susan McDaniel said. But among women under 65, one-person households are rising, she said.
Also contributing to the shift to single-person households is a growing desire for privacy.
“Part of the issue is that more people can choose to live alone,” McDaniel said. And they are “living alone but not alone.”
The Internet boom and social networking make connecting with friends and family much easier while at the same time enjoying one’s privacy, she said. “Partly, they are living alone because they can and they have big social nets or families, but they can afford to and want to live alone.”
Immigrants, particularly among professionals, are less likely to share apartments or houses, Tal said.
A person living alone is still more likely to rent than to own but that is changing fast.
“In 2006, about half [52 percent] were renters compared with less than a third of the overall population,” Warren said.
“Nonetheless, the home ownership rate among one-person households has increased in recent decades. Among these homeowners, almost a quarter chose a condominium over other dwelling types.”
Posted on
November 20, 2014
by
Paul Liberatore
Posted on
November 15, 2014
by
Paul Liberatore
The measure of how determined people are to make the world a better place can be defined by what they are prepared to give up.
So when teachers at Burnaby’s Douglas Road elementary give up their staff room each morning so children coming to school hungry can sit there while they serve them breakfast, it’s more than a sacrifice: It’s a statement.
“We just don’t have a lot of extra space in the school to feed them; only the staff room,” said principal Mary Ann Brown, who has tried unsuccessfully for years to come up with a scheme to feed hungry children.
The school at 4861 Canada Way is unusual in that it serves families that are either well off or struggling with poverty.
“We don’t seem to have too many families in the middle. Out of a population of 250 I’d say we have about 50 children who really need help,” said Brown, who has been at the school for five years.
Earlier attempts to sustain some sort of food program had failed because of a shortage of money.
What little money they had would run out and education assistant Leonie Stephens would go around to supermarkets essentially begging for food — a letter in hand from Brown explaining why it was needed.
Her efforts resulted in some gift cards and a weekly donation from Safeway of bread nearing the end of its shelf life, which Brown gratefully accepts and distributes every week for children to take home, although sometimes not everyone who needs it gets it, she said.
And an indication of how hungry some of the children are was clear when staff noticed them eating the bread while at school.
“We’d see them eating baguettes — no butter or anything — just the baguette. There was a little girl who was so excited the day we had some donated pizza shells. She said, ‘Oh this is great. I’ll be able to use them for my birthday party.’”
But the school had no means to begin a sustainable food program or provide an emergency breakfast for hungry children.
Burnaby firefighters would supply granola bars and fruit cups a couple of times a year and these would be hoarded to give to children in obvious need of food.
Teacher Todd Trask said many times the children attempt to hide their hunger.
“There’s a lot of pride in the community and with some children, you couldn’t tell because the exterior is presented properly, so it doesn’t show. Some kids are told, ‘Pretend everything is fine.’ But some of them will come to us quietly and say, ‘Can you help us?’ although there’s still a lot of reluctance.”
Earlier this year as staff at Douglas Road were wrestling with how to feed these children, not far away in the corporate headquarters of the Beedie Development Group, on Gilmour Diversion, the company’s 195 employees had a dilemma of their own.
2014 marks the 60th anniversary of the founding of the company — the province’s largest developer of industrial property, started by Keith Beedie — and to mark it, the employees vowed to raise $1,000 for every year of the company’s existence and donate it to a worthy cause.
The company is promising to match what is raised by the employees’ Sixty-Sixty Campaign. So far they have raised $40,000 of their $60,000 target.
And while fundraising of that scale is not easy, Mason Bennett and his campaign committee found it was also not easy to identify a good cause.
“We’ve spent a lot of time looking at different opportunities for this money,” said Bennett, the company’s comptroller.
“We wanted to keep it local, and another big key was that the money should make a big impact. It can be disheartening when you throw money into a big charity and it goes into a pit and you never really know what happens to it.
Eventually, the employees’ committee came across The Vancouver Sun’s Adopt-A-School (AAS) campaign. This led to a meeting with Sun columnists Shelley Fralic and Gillian Shaw, both board members of The Vancouver Sun Children’s Fund, which operates Adopt-A-School. As a result, the Beedie employees voted to support AAS.
===
CLICK HERE TO VIEW MORE PHOTOS, or tap and swipe the image on your mobile device.
===
“This was a perfect fit. Adopt-A-School hits all the facets of what was important to us. We can directly target funds to children and provide support in an area of their lives that has high impact, with little or no bureaucracy,” Bennett said.
The Beedie employees then discovered that not five minutes drive from their company’s office was Douglas Road elementary, a school that AAS was committed to help this year (a commitment that encouraged staff to begin serving breakfast at the beginning of November).
This led to an introduction to the school’s principal and her staff.
“We were really moved when we listened to Mary Ann (Brown) describe the separation between the haves and the have-nots. Sometimes in situations like this it’s even harder on the kids who don’t have much,” said Bennett.
Bennett was confident they will meet their goal and that the school will be on the receiving end of $120,000 to be used for food and other programs.
It will be the biggest gift any school has yet received under AAS.
“We’re really excited to have a school so close to our office,” Bennett said.
“And we want to do something that is sustainable. It’s not good if you implement a program, kids depend on it, and then you pull it after a year. We don’t want to do that.”
The money is more than enough to take care of the school’s food needs. Further meetings will take place to decide what other programs will be funded from the surplus.
Beedie employees were also keen on volunteering at the school and would be willing to take part in family literacy events or other special events such as those held before Christmas or on sports days, said Trisha Bouchard, another member of the Sixty-Sixty campaign.
“We want to be involved in helping the school in any way we can,” said Bouchard.
They would be willing to take children out to the company work sites to show them how buildings were erected, she said.
For Brown and her staff, it was Christmas in November because what the Beedie employees were offering the school is more than adoption; it is an embrace.
“We know how fortunate we are,” said Brown, struggling to find the right words. “We are just so thankful for what you are offering our school.”
Grade 4 teacher Teresa Migliuri, who has been at the school eight years, said she considered moving on but has stayed put.
“It’s because these are the sweetest kids,” she said.
“Some kids are wearing the same clothes every day and the beautiful thing is other kids don’t tease them. Everyone knows there is a line between the haves and the have-nots but it’s not spoken about. And the little things we do for them, they think are so phenomenal. If we organize a film night it puts them over the top with excitement.
“So for you guys,” she said to Bennett and Bouchard, “you will really see what you are doing is in the kids’ faces.”
On Thursday, a group of Beedie employees came to the school for the first time to see breakfast being served.
Bouchard found that what Migliuri had said was true.
“You could just see how much they loved it.”
A small example of how Adopt-a-School helps out:
On Thursday, the Adopt-A-School campaign received the following email from Liane Ricou of the Surrey School District:
“One of our students has a significant need for immediate transit assistance,” she wrote.
“In short the family’s home burned down a few weeks ago. They are living temporarily near Bear Creek Park about 15 minutes drive from the child’s school and it’s difficult for the child to get home (it being) too far to walk.
“He could take the bus home but his family cannot afford a bus pass. There is no adult available to pick him up from school.
“I wonder if you might consider a short term provision of a three month bus pass for this child to get him through this immediate crisis and ensure this vulnerable child continues to come to school.
“I fear we risk losing him if we can’t find a way to get him to school.”
It is for situations like this that Adopt-A-School was created and why we are appealing for donations.
A cheque to cover the bus fare has been sent.
Posted on
November 15, 2014
by
Paul Liberatore
Posted in
birth, blog, dont, estate, funny, home, in, real, schoo, school, selling, teach, they, things, vancouver, you
A friend of mine wrote this article comparing Selling a home to giving birth....funny read for sure. Ladies that have given birth and sold a home, what do you think?
This article is courtesy of http://www.thingsyouwontlearninschool.ca/
Before You Buy Your First Home, Beware The Selling Process
Look up, pause briefly for a moment, and remember the good times you had when you bought your home.
We’ll compare those brief moments when the world was your Oyster Rockefeller (because that’s the only way to eat oysters). The emotion you felt when you were buying your home was exciting, thrilling, exhilarating, heck even titillating whatever that means. This emotion was downright erotic.
But what happens when you pull the plug and want to upgrade your place or sell and head for Costa Rica where you can buy twice the house, some beachfront and open up a surf school and still have money left over? You have to sell your place.
And it can be a HUGE pain in the part of your body that regulates sitting.
You hop in your car or take a private ride with Uber to a few open houses and condo showhomes on a Saturday or Sunday afternoon just to kill time. A few espressos, hours and fancy salespeople later you feel like getting a mortgage, borrowing some money from Uncle Fred for a down payment and closing a sale to have a place to call your own.
You’re feeling great. You and your significant other have good jobs, life is grand with no worries, accountabilities or responsibilities. You want to grow up and prove to your parents, family and especially your peers that you are SOMEONE. How else do you do that except to buy a home. There's no better display of wealth. Buying a home is soooooo awesome.
Selling a home is the complete opposite. It's like scrubbing a barbecue grill spotless after a biker rally.
In fact my wife, who has successfully undergone the life-altering dark comedy known as child labour, can attest that selling a home is more painful (emotionally – stay with me here ladies) than labour.
The Sex, The Scandal and the Labour of Selling Your Home
Buying a home = sex (pleasure)
Selling a home = labour
Some sex is terrible just as some home buying experiences are terrible - usually because you haven’t found the right one. Other times the sexual (err home buying) experience is fantastic. You fall in love, forget all the baggage that comes along with it, put your best offer forward and seal the deal. Maybe you had a drink and a smoke to celebrate – who am I to judge.
Then the realities of life start to kick in.
Things need work.
You notice more of what’s on the inside than what’s on the outside and it starts to bother you. Things start breaking down, leaking and some parts even develop funky odours that weren’t previously advertised like on your first date (or first showing). It was all patchwork and staged to look good to catch your attention. The cliche says it was lipstick on a pig. And by golly he/she got it and you were hooked.
Your logic put you into the market
“We need a place to call our own, with a den for an office space and an extra bedroom for our future child”,
And your emotion guided you into the purchase
“Well, we can make this 2 bedroom work. The granite looks beautiful and that patio is amazing for entertaining. OMG look at this bath tub and those granite counters – it’s perfect.”
This is the definition of house horny. When you notice these trigger feelings, know that you might be on the cusp of acting on emotion. Most of these rationalizations are for one reason:
This is what you really mean:
I can show off my place and people will like me.
You don’t have to admit it yourself now, that’s fine. But I can attest to this because I’ve been there.
Selling Your Home
So when you do decide to sell, it’s time to cash in the value of your home sweet home. But you won’t get any money, honey, until you seal the deal.
If you’re lucky, you’ll get a bidding war and your place will sell like a Starbucks Caramel Macchiato on a fall day in downtown Vancouver. If you’re like the other 99% of listings you’ll be on the market.
Waiting.
Patiently.
How’s that drying paint looking?
Agony abounds watching the phone in earnest, for it to ring. Well, nowadays it’s mostly text messages and email, who am I kidding. Just trying to paint a picture here.
Selling a home can really suck. Like I said, labour. When it sells, it’s like pregnancy brain. You forget what it was like carrying all the weight around for up to 9 months. As soon as the ordeal is over with – poof – out of your memory.
Your asking price is very important. When a realtor gives you a range of prices to list for, they will give you a range. Don’t get all excited about the top end of that range unless properties exactly like yours are selling at that price. Not asking prices, selling prices.
The real estate agent should be pulling comparable listings for you and giving you a great idea of what your place is worth. It’s worth doing some digging on your own as well.
But where do you look?
Check the assessed value of your home on your latest property tax form or go to your city’s website and check. Usually you can find the property tax assessment of any home in the city for several years back. Quite a handy tool and part of every smart buyer and seller’s war chest of information.
The Selling Process – Like Child Labour, But Longer
Open houses, waiting, showings, waiting, another open house, waiting, showings, waiting.
Arguments with your roommate, spouse or co-owner.
More time elapses. Your real estate agent calls you to discuss lowering the price because market conditions have changed. (News flash, market conditions are always changing).
Alas, an offer!
Oh wait, it was based on buyers financing that fell through. Now you're back on the market. Waiting, open houses, showings.
At least birth is usually no more than 24 hours.
Then finally a legitimate offer comes down the pipeline.
An offer can contain anything really, as this is done through a formal Contract of Purchase and Sale. The first time you see this document it can look a bit intimidating. As you do this more and more, it gets pretty standard. A good real estate agent will be very transparent and explain all the requirements to you. If they don’t, make sure you ask.
If you need any clarifications, ask your realtor to explain any term in the contract offer that you’re not familiar with. It’s their job and you’re paying - You’re the boss.
The main part of offer contains the bid price and 99/100 times an offer contains subjects. Subjects are other things that can be included in the offer and this mainly includes:
· Subject to Financing (aka getting a mortgage)
· Home Inspections
· Sale of the buyer’s home (so they can come up with the money to buy your place)
· Anything else the buyer wants out of you, such as:
o Subject to carpet cleaning
o Subject to repairs being completed
o Subject to 120 days closing period before the completion day
o Subject to leaving the pet dog, Ginger
o Subject to the Corvette in the garage
I’m fairly confident the only things off limits as part of the sale are human beings.
You can feel free to check court cases at your provincial/state court for that if you’re into the human buying business. If that’s the case, you have bigger issues.
A clean offer involves only a price, a home inspection and a reasonable closing date. Anything more than that and it becomes more convoluted than Laplace Transformation Equations in differential calculus. Yeah, exactly.
I once had an offer on one of my homes that was 10% below my asking price (I listed it at the lowest price the realtor proposed to be competitive). This lowball offer included the following clause “subject to the sale of the buyer’s property if it sells before (4 months from the date signed)”
Are you kidding me? I thought.
These buyers haven’t even listed their home for sale and they make an offer based on fairy dust and hope. I hope they make smarter decisions in the future than buying a new place when you haven’t even put your current one on the market. I forgot to mention their place for sale was an apartment, identical to 8 other places in their building, for sale. As Uncle Jesse said, haaaave meeeercy.
My First Sale
The first time my wife was involved with a sale, we were selling her condo in Vancouver for $438,000. After a couple of months on the market and still no offer, we got our first one - for $418,000.
My thoughts – “Sweet, an offer! Counter with a fair price and let’s seal the deal.” Of course, I never told her my thoughts. I was watching her reaction.
My wife’s thoughts – “How dare they offer such a low price!”
She was seething. Fangs started to grow from her teeth. Her blood was boiling. She was livid that someone would offer $20,000 less than her asking price. She was yelling at the RE agent on the phone to tell that buyer to piss off when the buyer refused to budge when my wife countered with $435,000.
After half an hour of the most illustrious curse words this side of the Adriatic, she looked at me from atop her perch at the kitchen table while I was reading a book. “Babe, what would you do?”
Eureka, my turn to talk. Finally.
“I think you should take the deal or counter very close – say $420,000. The money is on the table for you to take. Who knows when another offer will come.”
She took the deal and the buyer went for the counter. My wife got her equity out, the buyer got a place and everything was more awesome than the Lego movie.
I love it when a plan comes together.
I could see that if left alone, she would have gone crazy, left the deal and God knows how long the place would’ve been on the market for.
You will get emotional.
You will feel threatened and disgusted when someone gives you an offer lower than your asking price.
"How dare they offer that price on MY home"
Remember this:
The seller is always an optimist. (My place is beautiful, why wouldn’t anyone pay me more than I’m asking for.)
The buyer is always a pessimist. (This place is alright, needs some work, here’s a low price)
This is a word of caution to plan for the whole process when you plop down that down payment: Buying, living AND most importantly, selling.
Unfortunately you wont learn this lesson until you go through it yourself.
These things you just won’t learn in school.
Posted on
November 13, 2014
by
Paul Liberatore & Joe Traversa
We have listed a new property at 407 85 EIGHTH AVE in New Westminster. with attention to details. No tax! A pleasure to view, call for your private viewing/info.
Posted on
November 7, 2014
by
Paul Liberatore & Joe Traversa
Posted on
November 4, 2014
by
Paul Liberatore & Joe Traversa
Posted in
burnaby, coquitlam, estate, market, November, real, real estate, sales, stats, update, vancouver
VANCOUVER, B.C. – November 4, 2014 – Home sales in the Metro Vancouver* housing
market continue to outpace long-term averages for this time of year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014.
This represents a 14.9 per cent increase compared to the 2,661 sales in October 2013, and a 4.6
per cent increase over the 2,922 sales in September 2014.
Last month’s sales were 16.6 per cent above the 10-year sales average for October.
“We’ve seen strong and consistent demand from home buyers in Metro Vancouver throughout
this year. This has led to steady increases in home prices of between four and eight per cent
depending on the property,” said REBGV president Ray Harris.
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,487
in October. This represents a four per cent increase compared to the 4,315 new listings in
October 2013 and a 14.7 per cent decline from the 5,259 new listings in September.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver
is 13,851, a 9.2 per cent decline compared to October 2013 and a 6.6 per cent decrease compared
to September 2014.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro
Vancouver is currently $637,000. This represents a six per cent increase compared to October
2013.
“Detached homes continue to increase in price more than condominium and townhome
properties. This is largely a function of supply and demand as the supply of condominium and
townhome properties are more abundant than detached homes in our region,” Harris said.
Sales of detached properties in October 2014 reached 1,271, an increase of 19.1 per cent from
the 1,067 detached sales recorded in October 2013, and a 60.9 per cent increase from the 790
units sold in October 2012. The benchmark price for detached properties increased 7.9 per cent
from October 2013 to $995,100.Sales of apartment properties reached 1,268 in October 2014, an increase of 15.5 per cent
compared to the 1,098 sales in October 2013, and a 57.9 per cent increase compared to the 803
sales in October 2012. The benchmark price of an apartment property increased four per cent
from October 2013 to $380,200.
Attached property sales in October 2014 totalled 518, a 4.4 per cent increase compared to the
496 sales in October 2013, and an 53.3 per cent increase over the 338 attached properties sold in
October 2012. The benchmark price of an attached unit increased 4.7 per cent between October
2013 and 2014 to $479,500.
|
Subscribe with RSS Reader
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.