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A bit of relief this past Friday with both a potential resolution to the Euro-crisis as well as news that the US economy grew 2.5 per cent in the third quarter, thereby quieting some of the talk of a double-dip recession.

 

US real GDP growth was fairly broad based, with major contributions from consumer spending (up 2.4 per cent), exports (up 4 per cent) and a big jump in business investment. Even more impressive, the US managed  to record decent growth while  consumer and business confidence was being battered by political and financial market    volatility. 


Still, we will need to see both a sustained and higher rate of growth south of the border before that economy, and ours, are securely out of the woods.  For now, Friday’s news is a welcome change from the dire stream of data we have unfortunately become accustomed to, and may mean that the outlook for economic growth in BC and  Canada has become slightly brighter.

 

 “Copyright British Columbia Real Estate Association. Reprinted with permission.”

 


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Please visit our Open House at 202 1688 8TH AVE E in Vancouver.
OPEN HOUSE: Sunday, October 23rd from 2:00-4:00pm
What an amazing architecturally designed building right in the heart of the Drive, just a few footsteps away from the Skytrain, cafes, shops, schools and community centres. Even though you don't need a car in this convenient location, this2 bedroom suite comes with 1 parking and 1 storage locker. Walk into an open concept floor plan with a modern kitchen leading into the dining and living room. Unit has a gas F/P, walk-in storage/laundry rm and a good size balcony where you are allowed to barbecue. This one owner property was completely rainscreened in 2002 and has a townhouse feel with an O/D centre courtyard leading you to your door. Pets are allowed and some rentals too. Open house Sunday October 23rd 2-4pm.
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Please visit our Open House at 407 6055 NELSON AVE in Burnaby.
OPEN HOUSE: SAT & SUN October 15-16th 2-4pm
Live in a resort-like setting! Complex has a swimming pool, hot tub, exercise centre, racquetball/squash courts, billiard room! A perfect property for someone who does not care for heights and does not want to be on the ground floor.This 4th floor unit has an open floor plan and is attractive from the moment you walk in. You will not lack space in this 1,075 sq ft 2 bedroom, 2 bath property that has ample closet space in addition to one storage locker and one parking stall. This building has been rainscreened with new double glazed windows and has been re-piped. Spotless, one owner property & ready to move in. First Showing at Open House: Sat & Sun, Oct 15th & 16th, 2-4 PM. Don't wait.
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BURNABY

NEW WEST.

NORTH VAN.

RICHMOND 

VAN. EAST 

VAN. WEST 

WEST VAN.

Detached

$949,389

$636,167

$973,469

$1,077,967

$841,509

$2,030,720

$1,716,247

Attached

$501,257

          n/a

$617,579

$543,914

$558,693

$842,000

     n/a

Apartment

$370,000

$307,000

$377,000

$355,000

$342,000

$526,000

$733,000

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I have listed a new property at 215 KELVIN GROVE WY in Lions Bay.
One of the best ocean & mountain views in Lions Bay. Post & beam home with maple wood kitchen, terracotta tiled floors, new stainless Samsung fridge, stove and Bosch D/W. Oak hardwood Living/dining floors and vaulted ceilings with ocean views. Move in or build your dream home on the 42' x 31' concrete slab foundation on a fully serviced lot. Located in prestigious Upper Kelvin Grove, a quiet location with annual flowering shrubs and small lawn. Legal one bdrm ocean view suite, own entrance rented @ $850. Only 30 mins to downtown Vancouver. Tennis courts, school, community centre, general store, doggy beach, kids beach, sailing club all close by, even 9 hole Glen Eagles golf is 10 mins away!
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I have listed a new property at 407 6055 NELSON AVE in Burnaby.
Live in a resort-like setting! Complex has a swimming pool, hot tub, exercise centre, racquetball courts, party room and pool table! A perfect property for someone who does not care for heights but is also afraid to be on the ground floor.This 4th floor unit has an open floor plan and is attractive from the moment you walk in. You will not lack space in this 1,075 sq ft 2 bedroom, 2 bath property that has ample closet space in addition to one storage locker and one parking stall. This rainscreened building has also had the piping re-done, new double-glazed windows and new balconies. Spotless, one owner property & ready to move in. First Showing at Open House: Sat & Sun, Oct 15th & 16th, 2-4 PM. Don't wait.
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Please visit our Open House at 407 6055 NELSON AVE in Burnaby.
Open House on Saturday, October 15, 2011 2:00 pm - 4:00 pm
Live in a resort-like setting! Complex has a swimming pool, hot tub, exercise centre, racquetball courts, party room and pool table! A perfect property for someone who does not care for heights but is also afraid to be on the ground floor.This 4th floor unit has an open floor plan and is attractive from the moment you walk in. You will not lack space in this 1,075 sq ft 2 bedroom, 2 bath property that has ample closet space in addition to one storage locker and one parking stall. This rainscreened building has also had the piping re-done, new double-glazed windows and new balconies. Spotless, one owner property & ready to move in. First Showing at Open House: Sat & Sun, Oct 15th & 16th, 2-4 PM. Don't wait.
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I have listed a new property at 6637 ARBUTUS ST in Vancouver.
Very livable house on a unique 7,950 sf (75' x 106') lot in a very desirable neighbourhood. 3 bedroom and large den up, plus beautiful 2 bedroom suite down. Don't let the address fool you, this is the quiet section of Arbutus, South of 49th Ave. Live in or hold to build your 4,500+ sf dream home. This solid house features many updates including wiring, plumbing, lighting, windows and refinished oak & fir floors. Walking distance to Kerrisdale shopping, parks, Magee Secondary & Maple Grove Elementary.
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I have listed a new property at 3691 W 38TH AV in Vancouver.
Dunbar Character home on flat, 138 foot deep lot. Move right into this inviting home with an extra large back yard and oversized 2 car garage. A large, updated kitchen has an eating nook that opens onto a sundeck overlooking the yard. The main floor features a living room, large den or formal dining room, spare bedroom and bathroom. Upstairs is a master bedroom, bathroom, reading nook and extra room that could be used as nursery or study. At garden level, is a one bed suite plus shared laundry & storage. Many renovations have been completed over the last 10 years including the garage, master bed addition, kitchen and bathrooms. Enjoy great schools, parks, and amenities'. Road work at Dunbar & 38th, access home via Highbury.
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I have listed a new property at 3691 W 38TH AV in Vancouver.
Dunbar Character home on flat, 138 foot deep lot. Move right into this inviting home with an extra large back yard and oversized 2 car garage. A large, updated kitchen has an eating nook that opens onto a sundeck overlooking the yard. The main floor features a living room, large den or formal dining room, spare bedroom and bathroom. Upstairs is a master bedroom, bathroom, reading nook and extra room that could be used as nursery or study. At garden level, is a one bed suite plus shared laundry & storage. Many renovations have been completed over the last 10 years including the garage, master bed addition, kitchen and bathrooms. Enjoy great schools, parks, and amenities'. Road work at Dunbar & 38th, access home via Highbury.
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October is upon us and with it comes the transformation of nature encompassing all the beautiful colours of the season.

There is also a transformation taking place in the greater Vancouver real estate market, as it appears that we are now entering into a buyer’s market.

The current sales-to-active-listing ratio sits at 14 per cent, which is the lowest it’s been this year.  What does this mean?  Analysts say that generally a buyer’s market takes place when the ratio dips to about 12-14%. 

There are currently 16,085 active listings in Greater Vancouver.  This represents a 4.4% increase compared to this time last year.  New listings however are up 20% as compared to September 2011.  This was the 3rd highest volume for September in 17 years!

Sales of detached properties on the MLS® in September 2011 reached 957, an increase of 10.5% from September of 2011. Benchmark price increased 13.4% since last year.

Attached property sales in September 2011 totalled 367, a 4.2% increase from September 2010. Benchmark price increased 5.4% since last year.

Sales of apartment properties reached 922 in September 2011, a 5% decrease from September 2010.  Benchmark price increased 4.4. % since last year.

So the overall picture for home-owners is good, as the benchmark prices have increased from 4.4 to 10.5% depending on if you own a condo, townhouse or house.  So if you’re selling you’ve made money in one year.  If you’re a buyer, it is a great time to buy as you have a good amount of inventory to choose from.  For more info, just ask me...

Stats info courtesy of the Real Estate Board of Greater Vancouver

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I have sold a property at 215 KELVIN GROVE WY in Lions Bay.
One of the best ocean views in Lions Bay. Updated kitchen with terracotta tiled floors, new stainless Samsung fridge, stove and Bosch D/W. Oak hardwood living/dining floors and vaulted ceilings with ocean views. Designer decorated ready tomove in or build your dream home on the 42' x 31' concrete slab foundation on a fully serviced lot. Located in prestigious Upper Kelvin Grove, a quiet location with annual flowering shrubs and small lawn. Legal one bdrm ocean view suite, own entrance rented to 08/31/11. Only 25 mins to downtown Vancouver. Tennis courts, school, community centre, general store, doggy beach, kids beach, sailing club all close by, even 9 hole Glen Eagles golf is 10 mins away!
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Property Photo: 202 1688 8TH AVE E in Vancouver
Please visit our Open House at 202 1688 8TH AVE E in Vancouver.
OPEN HOUSE: Sunday, October 2nd, 2:00-4:00pm
What an amazing architecturally designed building right in the heart of the Drive, just a few footsteps away from the Skytrain, cafes, shops, schools and community centres. Even though you don't need a car in this convenient location, this2 bedroom suite comes with 1 parking and 1 storage locker. Walk into an open concept floor plan with a modern kitchen leading into the dining and living room. Unit has a gas F/P, walk-in storage/laundry rm and a good size balcony where you are allowed to barbecue. This one owner property was completely rainscreened in 2002 and has a townhouse feel with an O/D centre courtyard leading you to your door. Pets are allowed and some rentals too. Call today for a private showing of your new home.
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Ana Domingos

Cell: 604-328-6330

Office: 604-629-6100

TRG-The Residential Group Realty

#101 - 1965 West 4th Avenue

Vancouver,BC

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