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Sales Slower While October Listings At Four Year Highs

Post Date November 22, 2018


The REBGV reports, home sales slower while October listings at four year highs across Metro Vancouver. Residential home sales in the region totalled 1,966 in October 2018, a 34.9% decrease from the 3,022 sales recorded in October 2017, and a 23.3% increase compared to September 2018 when 1,595 homes sold.

Last month’s sales were 26.8% below the 10-year October Read More

Protect Yourself: Strata Water Deductible Review Reminder

Post Date November 21, 2018


Protect Yourself: Strata Water Deductible Review Reminder - Mark J Walker

It’s the time of year for your strata water deductible review. The majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation’s master building policy and if not advise their insurance Read More

Housing Supply Rises As Demand Slows Across Metro Vancouver

Post Date October 4, 2018


Housing supply rises as demand slows across Metro Vancouver in September, while home buyer demand remained below typical levels for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease from the 2,821 sales recorded in September 2017, and a … Read More

Duplex Re-Zoning Catches Vancouver By Surprise

Post Date September 26, 2018


Vancouver's Duplex re-zoning catches Vancouver by surprise: and is a real game changer!

Duplexes Can Now Be Built in 99% of Vancouver’s Single-Family Areas!

Wow, that was quick and seemingly out-of-the-blue!!  Duplex re-zoning catches Vancouver by surprise: and is a real game changer! Following only two days of public hearings and heated debates, Vancouver City Council approved a new policy this evening that allows the construction of duplexes within 99% of all single-family … Read More

Staged For Success: Top Ten Pro Secrets

Post Date May 10, 2018


Staging your home prior to listing, more often than not, results in a faster and more profitable sale.1  In fact, the North American Real Estate Staging Association estimates that professionally staged properties spend 73% less time on the market, receive more foot traffic, and typically sell for more money.2

To get a plan customized for your particular property, … Read More

Home Sales Down While Listings Increase Across Metro Vancouver

Post Date May 5, 2018


The Metro Vancouver housing market saw fewer home buyers and more home sellers in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4% decrease from the 3,553 sales recorded in April 2017, and a 2.5% increase compared to March 2018 when 2,517 homes sold.

Last … Read More

Market Worries Keep Buyers & Sellers on Sidelines

Post Date April 18, 2018


Market worries keep buyers and sellers on sidelines.  Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.

The REBGV reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7% decrease from the 3,579 sales recorded in March 2017, and a 14% increase compared to February 2018 when 2,207 … Read More

RE/MAX 2018 Spring Market Update Video Report

Post Date


The RE/MAX 2018 Spring Market Update Video Report, is out!

Greater Vancouver continues to be a buyer’s market with great demand for condominiums. The foreign buyer’s tax and high prices for detached homes have had an impact on the low activity in January and February. With the new speculation tax, a lot of buyers are holding off on purchasing.

Greater

Read More

Metro Vancouver Real Estate Market Dropped Throughout First Quarter

Post Date April 10, 2018


Home buyers and sellers were less active as Metro Vancouver real estate market dropped throughout first quarter of 2018.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7% decrease from the 3,579 sales recorded in March 2017, and a 14% increase compared to February 2018 when … Read More

Goodbye Yaletown Parallel Parking, But Angled Parking Remains.

Post Date March 29, 2018


The City of Vancouver has backed down on its controversial plan to remove angled parking stalls on Hamilton Streets and Mainland Streets, and instead it will be implementing a pilot program of removing parallel parking spaces.

Depending on who you ask, between 80 and 150 stalls would have been removed if angled parking areas were replaced with parallel parking, … Read More

World’s Thinnest Building In Vancouver – Who Knew!

Post Date March 21, 2018


The Sam Kee Building, located at 8 West Pender Street in Vancouver, British Columbia, Canada, is the “shallowest commercial building in the world” according to the Guinness Book of Records. It runs from the corner of Pender and Carral to the lane at the halfway point of the block. It is two storeys tall and 1.5 meters … Read More

Northeast False Creek Development Plan Fly-Through Animation

Post Date March 20, 2018


Enjoy this fly-through animation showing the design and scale of the proposed Northeast False Creek district on the edge of downtown Vancouver.

City council has given the green light to a 20-year ambitious plan to transform 58 hectares of land in Northeast False Creek — once home to lumber mills, a ship-building industry and Expo 86 — into the equivalent … Read More

BCREA Housing Market Update – March 2018

Post Date March 15, 2018


The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7% decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8% from the previous year. Total sales dollar volume was … Read More

New Mortgage Qualification Rules Temper Housing Demand

Post Date March 14, 2018


MLS Residential Sales - Feb'18 - Mark J. Walker

It appears the new mortgage qualification rules have tempered housing demand.  The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7% decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8% … Read More

February Home Buyers Were Less Active

Post Date March 13, 2018


Metro Vancouver home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totaled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4% increase compared to January 2018 when 1,818 homes sold.

Last month’s … Read More

BC Housing Demand Forecast Slower Through 2019

Post Date March 9, 2018


Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units this year, after recording 103,763 residential sales in 2017. MLS® residential sales are forecast to edge back a further 1 per cent to 94,025 units in 2019. Housing demand is expected to remain above the 10-year average of 84,800 units into … Read More

How Canada’s New Mortgage Rules May Effect You

Post Date February 9, 2018


New Mortgage Rules - Mark J. Walker, Realtor

Are you wondering how Canada’s new mortgage rules may effect you?  Canada posted year-over-year residential price gains in 2017 across most regions. Now in 2018, many housing markets could see reduced purchasing power resulting from the new OFSI mortgage rules that took effect on January 1.

What the what???

If you’re among the 37 per cent of Canadians who … Read More

Home Buyer Demand Depends on Property Type

Post Date February 5, 2018


Attached and apartment homes are in demand across Metro Vancouver while detached home buyers are facing less competition today.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 per cent decrease compared … Read More

Oakridge Centre Redevelopment Finally Happening!

Post Date February 1, 2018


Oakridge Redevelopment Plan

Oakridge Centre Redevelopment Finally Happening!  After more than a decade of planning, construction is set to begin on the Oakridge Centre redevelopment by the end of the year for a full completion in 2025.

And the international team behind the ambitious project says it was worth the wait, as they were able to refine the design to a world-class standard … Read More