Market Busier than Usual...


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,231 in August 2019, a 15.7 per cent increase from the 1,929 sales recorded in August 2018, and a 12.7 per cent decrease from the 2,557 homes sold in July 2019.


Last month’s sales were 9.2 per cent below the 10-year August sales average.


“Home sales returned to more historically normal levels in July and August compared to what we saw in the first six months of the year,” said REBGV President Ashley Smith. 


There were 3,747 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2019. This represents a 3.5 per cent decrease compared to the 3,881 homes listed in August 2018 and an 18.8 per cent decrease compared to July 2019 when 4,613 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,396, a 13.3 per cent increase compared to August 2018 (11,824) and a 5.9 per cent decrease compared to July 2019 (14,240).


For all property types, the sales-to-active listings ratio for August 2019 is 16.7 per cent. By property type, the ratio is 12 per cent for detached homes, 18.4 per cent for townhomes, and 21.2 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“With more demand from home buyers, the supply of homes listed for sale isn’t accumulating like earlier in the year. These changes are creating more balanced market conditions,” Smith said.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,300. This represents an 8.3 per cent decrease over August 2018 and a 0.2 per cent decrease compared to July 2019.


Sales of detached homes in August 2019 reached 706, a 24.5 per cent increase from the 567 detached sales recorded in August 2018. The benchmark price for detached homes is $1,406,700. This represents a 9.8 per cent decrease from August 2018 and a 0.7 per cent decrease compared to July 2019.


Sales of apartment homes reached 1,116 in August 2019, an 8.9 per cent increase compared to the 1,025 sales in August 2018. The benchmark price of an apartment property is $771,000. This represents a 7.4 per cent decrease from August 2018 and a 0.1 per cent increase compared to July 2019.


Attached home sales in August 2019 totalled 409, a 21.4 per cent increase compared to the 337 sales in August 2018. The benchmark price of an attached unit is $654,000. This represents a 7.8 per cent decrease from August 2018, a 0.2 per cent increase compared to July 2019.


Courtesy of the Real Estate Board of Greater Vancouver

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I have listed a new property at 4435 RUPERT ST in Vancouver.
Attention business owners, builders and developers! C-1 commercial zoned property on a 38x120 foot lot in prime Renfrew Heights. A rare opportunity to own a property at the top of the hill with beautiful mountain view, close to public transportation and amenities. Value is mainly in the land and sold as is where is. Priced under assessed value. Offers are welcome! Also see R2395291.
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I have listed a new property at 4435 RUPERT ST in Vancouver.
HOT listing! Attention business owners, builders and developers! C-1 commercially zoned property on a 38x120 square foot lot in prime Renfrew Heights. A rare opportunity to own a property at the top of the hill with beautiful mountain views, close to public transportation and amenities. Assessed at $2,083,000! A great deal! Sold as is where is. **DBL EXPOSED ALSO SEE C8027223**
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I have sold a property at 308 1888 YORK AVE in Vancouver.
Welcome to Yorkville North, a well known low rise concrete building at York and Cypress in Kits. Access to the unit is through outdoor corridor with views of the centre courtyard, giving it a townhouse feel. Come and enjoy this very spacious one bedroom and den (could be a 2nd bedroom as it does have a closet) property, facing sunny west. The balcony is perfect for barbecuing and entertaining, or on rainy days you may cozy up in front of the gas fireplace in the comfortable living room. The unit has in-suite laundry and one parking stall. A great investment or a place to call home in this quaint part of Kits, close to the best restaurants, cafes, amenities and beach!
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Home sales increase in July

Home buyer demand picked up across Metro Vancouver last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019, a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent increase from the 2,077 homes sold in June 2019.


Last month’s sales were 7.8 per cent below the 10-year July sales average.


“While home sale activity remains below long-term averages, we saw an increase in sales in July compared to the less active spring we experienced,” Ashley Smith, REBGV president said. “Those looking to buy today continue to benefit from low interest rates, increased selection, and reduced prices compared to the heated market a few years ago.”


There were 4,613 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2019. This represents a 3.3 per cent decrease compared to the 4,770 homes listed in July 2018 and a 2.9 per cent decrease compared to June 2019 when 4,751 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,240, a 17.3 per cent increase compared to July 2018 (12,137) and a 4.9 per cent decrease compared to June 2019 (14,968).


For all property types, the sales-to-active listings ratio for July 2019 is 18 per cent. By property type, the ratio is 13.5 per cent for detached homes, 20 per cent for townhomes, and 22 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“To better understand conditions in your property type or neighbourhood of choice, it’s important to work with your local REALTOR®. They can help you develop a strategy to reach your long-term real estate goals,“ Smith said.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $995,200. This represents a 9.4 per cent decrease over July 2018 and a 0.3 per cent decrease compared to June 2019.


Sales of detached homes in July 2019 reached 841, a 32 per cent increase from the 637 detached sales recorded in July 2018. The benchmark price for detached properties is $1,417,000. This represents a 10.5 per cent decrease from July 2018, and a 0.5 per cent decrease compared to June 2019.


Sales of apartment homes reached 1,243 in July 2019, a 15.2 per cent increase compared to the 1,079 sales in July 2018. The benchmark price of an apartment property is $653,200. This represents an 8.8 per cent decrease from July 2018, and a 0.2 per cent decrease compared to June 2019.


Attached home sales in July 2019 totalled 473, a 33.6 per cent increase compared to the 354 sales in July 2018. The benchmark price of an attached unit is $770,000. This represents a nine per cent decrease from July 2018, and a 0.6 per cent decrease compared to June 2019.


Courtesy of the Real Estate Board of Greater Vancouver

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Please visit our Open House at 308 1888 YORK AVE in Vancouver.
Open House on Sunday, July 28, 2019 2:30PM - 4:00PM
Welcome to Yorkville North, a well known low rise concrete building at York and Cypress in Kits. Access to the unit is through outdoor corridor with views of the centre courtyard, giving it a townhouse feel. Come and enjoy this very spacious one bedroom and den (could be a 2nd bedroom as it does have a closet) property, facing sunny west. The balcony is perfect for barbecuing and entertaining, or on rainy days you may cozy up in front of the gas fireplace in the comfortable living room. The unit has in-suite laundry and one parking stall. Great pro-active strata which allows rentals and 2 cats & 1 dog. A great investment or a place to call home in this quaint part of Kits, close to the best restaurants, cafes, amenities and beach! OPEN HOUSE: Sunday, July 29th 2:30-4pm.
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Please visit our Open House at 2646 7TH AVE W in Vancouver.
Open House on Tuesday, July 23, 2019 11:00AM - 12:00PM
This grand old house is full of charm and character, built in 1910 but completely renovated over the years. The house is a multi-family conversion, with 4 suites in total (1x3bdrms, 1x2bdrms, 2x1bdrms) on a lovely, level street in the heart of Kits, just one block from transit, shops, amenities and close to all the great schools of the area. With a total monthly rental income of $8,515, this house is perfect for investors, or for families wishing to co-habitate in this amazing neighbourhood. Nice size 33x120sf lot with a fully fenced, sun drenched, south facing, level backyard, with a storage shed, workshop and bike storage. Upper 2 floors are completely renovated with modern features including gourmet kitchens and stylish bathrooms. OPEN HOUSE on Tuesday, July 23rd from 11-12pm. Welcome!
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Please visit our Open House at 308 1888 YORK AVE in Vancouver.
Open House on Sunday, July 21, 2019 2:30PM - 4:00PM
Welcome to Yorkville North, a well known low rise concrete building at York and Cypress in Kits. Access to the unit is through outdoor corridor with views of the centre courtyard, giving it a townhouse feel. Come and enjoy this very spacious one bedroom and den (could be a 2nd bedroom as it does have a closet) property, facing sunny west. The balcony is perfect for barbecuing and entertaining, or on rainy days you may cozy up in front of the gas fireplace in the comfortable living room. The unit has in suite laundry and one parking stall. Great pro-active strata which allows rentals and 2 cats & 1 dog. A great investment or a place to call home in this quaint part of Kits, close to the best restaurants, cafes, amenities and beach! OPEN HOUSE: Thursday 18th from 5:30-6:30pm.
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Please visit our Open House at 308 1888 YORK AVE in Vancouver.
Open House on Thursday, July 18, 2019 5:30PM - 6:30PM
Welcome to Yorkville North, a well known low rise concrete building at York and Cypress in Kits. Access to the unit is through outdoor corridor with views of the centre courtyard, giving it a townhouse feel. Come and enjoy this very spacious one bedroom and den (could be a 2nd bedroom as it does have a closet) property, facing sunny west. The balcony is perfect for barbecuing and entertaining, or on rainy days you may cozy up in front of the gas fireplace in the comfortable living room. The unit has in suite laundry and one parking stall. Great pro-active strata which allows rentals and 2 cats & 1 dog. A great investment or a place to call home in this quaint part of Kits, close to the best restaurants, cafes, amenities and beach! Sneak Peak: Thursday 18th from 5:30-6:30pm.
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Please visit our Open House at 2646 7TH AVE W in Vancouver.
Open House on Tuesday, July 16, 2019 11:00AM - 12:00PM
This grand old house is full of charm and character, built in 1910 but completely renovated over the years. The house is a multi-family conversion, with 4 suites in total (1x3bdrms, 1x2bdrms, 2x1bdrms) on a lovely, level street in the heart of Kits, just one block from transit, shops, amenities and close to all the great schools of the area. With a total monthly rental income of $8,515, this house is perfect for investors, or for families wishing to co-habitate in this amazing neighbourhood. Nice size 33x120sf lot with a fully fenced, sun drenched, south facing, level backyard, with a storage shed, workshop and bike storage. Upper 2 floors are completely renovated with modern features including gourmet kitchens and stylish bathrooms. OPEN HOUSE on Tuesday, July 16th from 11-12pm.
Read full post

I have listed a new property at 308 1888 YORK AVE in Vancouver.
Welcome to Yorkville North, a well known low rise concrete building at York and Cypress in Kits. Access to the unit is through outdoor corridor with views of the centre courtyard, giving it a townhouse feel. Come and enjoy this very spacious one bedroom and den (could be a small 2nd bedroom as it does have a closet) property, facing sunny west. The balcony is perfect for barbecuing and entertaining, or on rainy days you may cozy up in front of the gas fireplace in the comfortable living room. The unit has in suite laundry and one parking stall. Great pro-active strata which allows rentals and 2 cats & 1 dog. A great investment or a place to call home in this quaint part of Kits, close to the best restaurants, cafes, amenities and beach! First showing: Sunday, July 14th from 2:30-4:00pm.
Read full post

Please visit our Open House at 308 1888 YORK AVE in Vancouver.
Open House on Sunday, July 14, 2019 2:30PM - 4:00PM
Welcome to Yorkville North, a well known low rise concrete building at York and Cypress in Kits. Access to the unit is through outdoor corridor with views of the centre courtyard, giving it a townhouse feel. Come and enjoy this very spacious one bedroom and den (could be a small 2nd bedroom as it does have a closet) property, facing sunny west. The balcony is perfect for barbecuing and entertaining, or on rainy days you may cozy up in front of the gas fireplace in the comfortable living room. The unit has in suite laundry and one parking stall. Great pro-active strata which allows rentals and 2 cats & 1 dog. A great investment or a place to call home in this quaint part of Kits, close to the best restaurants, cafes, amenities and beach! First showing: Sunday, July 14th from 2:30-4:00pm.
Read full post

I have sold a property at 103 2211 WALL ST in Vancouver.
SPECTACULAR VIEW property on famous Wall Street in East Van. Properties on the north side of the building are hard to come by and here you have a well laid out, one bedroom unit with in-suite laundry, gas fireplace and a massive 14x8sf patio overlooking the water, where you will enjoy gorgeous sunsets. If the view from the suite is not enough, you may always go upstairs to the rooftop deck where you will experience more incredible views of the harbour, the mountains and beyond. The property has a large in-suite storage room as well as a storage locker and a parking stall. Come and be a part of this great community, in a worry-free rain screened building with a pro-active strata council. Welcome home!
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Please visit our Open House at 2646 7TH AVE W in Vancouver.
Open House on Tuesday, July 9, 2019 11:00AM - 12:00PM
This grand old house is full of charm and character, built in 1910 but completely renovated over the years. The house is a multi-family conversion, with 4 suites in total (1x3bdrms, 1x2bdrms, 2x1bdrms) on a lovely, level street in the heart of Kits, just one block from transit, shops, amenities and close to all the great schools of the area. With a total monthly rental income of $8,515, this house is perfect for investors, or for families wishing to co-habitate in this amazing neighbourhood. Nice size 33x120sf lot with a fully fenced, sun drenched, south facing, level backyard, with a storage shed, workshop and bike storage. Upper 2 floors are completely renovated with modern features including gourmet kitchens and stylish bathrooms. OPEN HOUSE on Tuesday, July 9th from 11am-12pm. Welcome!
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First time in two years that the composite benchmark has been below $1million

With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4 per cent decrease from the 2,425 sales recorded in June 2018 and a 21.3 per cent decrease from the 2,638 homes sold in May 2019.


Last month’s sales were 34.7 per cent below the 10-year June sales average. This is the lowest total for the month since 1998.


“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver,” said Ashley Smith, REBGV president. “Sellers are often trying to get yesterday’s values for their homes while buyers are taking a cautious, wait-and-see approach.”


On the supply side, there were 4,751 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2019. This represents a 10 per cent decrease compared to the 5,279 homes listed in June 2018 and an 18.9 per cent decrease compared to May 2019 when 5,861 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,968, a 25.3 per cent increase compared to June 2018 (11,947) and a 1.9 per cent increase compared to May 2019 (14,685).


“Home buyers haven’t had this much selection to choose from in five years,” Smith said. “For sellers to be successful in today’s market, it’s important to work with your local REALTOR® to make sure you’re pricing your home for these conditions.”


For all property types, the sales-to-active listings ratio for June 2019 is 13.9 per cent. By property type, the ratio is 11.4 per cent for detached homes, 15.8 per cent for townhomes, and 15.7 per cent for apartments.


Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 9.6 per cent decrease over June 2018 and a 0.8 per cent decrease compared to May 2019.


This is the first time the composite benchmark has been below $1 million since May 2017.


Sales of detached homes in June 2019 reached 746, a 2.6 per cent decrease from the 766 detached sales recorded in June 2018. The benchmark price for detached properties is $1,423,500. This represents a 10.9 per cent decrease from June 2018 and a 0.1 per cent increase compared to May 2019.


Sales of apartment homes reached 941 in June 2019, a 24.1 per cent decrease compared to the 1,240 sales in June 2018. The benchmark price of an apartment property is $654,700. This represents an 8.9 per cent decrease from June 2018 and a 1.4 per cent decrease compared to May 2019.


Courtesy of the Real Estate Board of Greater Vancouver

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Please visit our Open House at 2646 7TH AVE W in Vancouver.
Open House on Saturday, July 6, 2019 3:00PM - 4:00PM
This grand old house is full of charm and character, built in 1910 but completely renovated over the years. The house is a multi-family conversion, with 4 suites in total (1x3bdrms, 1x2bdrms, 2x1bdrms) on a lovely, level street in the heart of Kits, just one block from transit, shops, amenities and close to all the great schools of the area. With a total monthly rental income of $8,515, this house is perfect for investors, or for families wishing to co-habitate in this amazing neighbourhood. Nice size 33x120sf lot with a fully fenced, sun drenched, south facing, level backyard, with a storage shed, workshop and bike storage. Upper 2 floors are completely renovated with modern features including gourmet kitchens and stylish bathrooms. OPEN HOUSE on Saturday, July 6th from 3-4:00pm. Welcome!
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Please visit our Open House at 2646 7TH AVE W in Vancouver.
Open House on Tuesday, July 2, 2019 11:00AM - 12:00PM
This grand old house is full of charm and character, built in 1910 but completely renovated over the years. The house is a multi-family conversion, with 4 suites in total (1x3bdrms, 1x2bdrms, 2x1bdrms) on a lovely, level street in the heart of Kits, just one block from transit, shops, amenities and close to all the great schools of the area. With a total monthly rental income of $8,515, this house is perfect for investors, or for families wishing to co-habitate in this amazing neighbourhood. Nice size 33x120sf lot with a fully fenced, sun drenched, south facing, level backyard, with a storage shed, workshop and bike storage. Upper 2 floors are completely renovated with modern features including gourmet kitchens and stylish bathrooms. OPEN HOUSE on Tuesday, July 2nd 11am-12pm. All welcome!
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Please visit our Open House at 2646 7TH AVE W in Vancouver.
Open House on Saturday, June 29, 2019 3:00PM - 4:00PM
This grand old house is full of charm and character, built in 1910 but completely renovated over the years. The house is a multi-family conversion, with 4 suites in total (1x3bdrms, 1x2bdrms, 2x1bdrms) on a lovely, level street in the heart of Kits, just one block from transit, shops, amenities and close to all the great schools of the area. With a total monthly rental income of $8,515, this house is perfect for investors, or for families wishing to co-habitate in this amazing neighbourhood. Nice size 33x120sf lot with a fully fenced, sun drenched, south facing, level backyard, with a storage shed, workshop and bike storage. Upper 2 floors are completely renovated with modern features including gourmet kitchens and stylish bathrooms. OPEN HOUSE on Saturday, June 29th 3-4:00pm. All welcome!
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Please visit our Open House at 103 2211 WALL ST in Vancouver.
Open House on Saturday, June 29, 2019 2:00PM - 4:00PM
SPECTACULAR VIEW property on famous Wall Street in East Van. Properties on the north side of the building are hard to come by and here you have a well laid out, one bedroom unit with in-suite laundry, gas fireplace and a massive 14x8sf patio overlooking the water, where you will enjoy gorgeous sunsets. If the view from the suite is not enough, you may always go upstairs to the rooftop deck where you will experience more incredible views of the harbour, the mountains and beyond. The property has a large in-suite storage room as well as a storage locker and a parking stall. Come and be a part of this great community, in a worry-free rain screened building with a pro-active strata council. OPEN HOUSE Saturday and Sunday, June 29-30th 2:00-4:00pm. Welcome home
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Please visit our Open House at 103 2211 WALL ST in Vancouver.
Open House on Sunday, June 30, 2019 2:00PM - 4:00PM
SPECTACULAR VIEW property on famous Wall Street in East Van. Properties on the north side of the building are hard to come by and here you have a well laid out, one bedroom unit with in-suite laundry, gas fireplace and a massive 14x8sf patio overlooking the water, where you will enjoy gorgeous sunsets. If the view from the suite is not enough, you may always go upstairs to the rooftop deck where you will experience more incredible views of the harbour, the mountains and beyond. The property has a large in-suite storage room as well as a storage locker and a parking stall. Come and be a part of this great community, in a worry-free rain screened building with a pro-active strata council. OPEN HOUSE Saturday and Sunday, June 29-30th 2:00-4:00pm. Welcome home
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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.