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Canadian Housing Starts - July 9, 2014

Canadian housing starts rose just over half of one per cent in June to 198,185 units at a seasonally adjusted annual rate (SAAR).  The six-month trend in Canadian new home construction sits at 185,000 units SAAR. That level of construction is approximately in-line with Canadian household growth. New home construction in BC urban centers dipped slightly in June, falling 5 per cent on ...

Canadian Building Permits

Canadian building permits posted strong growth in May, rising 13.8 per cent from April.  The increase was the result of higher construction intentions for BC multi-family units as well as commercial buildings in Manitoba and Ontario.  New building permits in BC rebounded from large declines in April, jumping 30.7 per cent month-over-month and 7.7 per cent year-over-year in May. The dollar ...

2001-1325 Rolston St, Open House

Open house today at 1325 Rolston St! This one's a must see! Message me for details. 778-875-5132

Prices at Record High, Inventory Low - June 2014 Market Update

June was a busy month for everyone involved with Vancouver real estate.  Buyers were out looking at properties, open houses were busy and listings sold. I began the month with 13 listings, the most inventory I have ever carried at one point in time. I ended the month with 6 listings, nearly half of my inventory sold and 2 of my listings sold over asking price in multiple offers. There were ...

“Competition amongst home buyers today is as strong as it’s been in the region since 2011,” Ray Harris, REBGV president

If you remember my May 2014 market posts - in words or in pictures - you'll recall that May produced sales numbers greater than anytime since June 2011. Well, the trend has continued. The Greater Vancouver residential market has been leaning toward favouring Sellers for the past several months, with some pockets and neighbourhoods officially in Sellers market territory for some months. However, it ...

East Side versus West Side

Go East Young Families!   After the American Civil War, athour Horace Greeley wrote his famous words:  "Go west young man and grow up the country."   American Progress by John Gast It was well known that there was much fertile land to farm in the west, and many young families did just that. Well, now that you are in the west of Canada, in the thriving metropolis of Vancouver, ...

Sellers Market

Residential real estate numbers push Vancouver into seller’s market territory http://bit.ly/1tIgvwE  via @globeandmail

Big demand for senior residential units

With an aging population, investors should look to seniors’ residences for solid investments, especially as the Canada Mortgage and Housing Corporation (CMHC) reports a drop in the national vacancy rate to 9.7 per cent for 2014. “While the total number of spaces for seniors increased in 2014, this was slightly outpaced by an increase in the total number of residents,” says Bruno ...

2001, 1325 Rolston St. Open House this Sunday

Welcome home to this brand new ENGLISH BAY & MOUNTAIN VIEW home with a HUGE BALCONY at the Rolston in Yaletown! Absolutely immaculate and ready to move into. Enjoy 2 balconies and floor to ceiling windows in this bright open plan home. The kitchen is sleek and modern with stainless appliances and lots of food preparation space. 2013 built with a 2-5-10 Warranty, you’re sure to rest ...

1050 Highland Drive, Open House this Saturday!

West coast contemporary home on an exclusive, private 3/4 acre estate in prestigious British Properties. Offering a unique & tasteful design w elegant living room, vaulted ceilings & hardwood floors. Renovated kitchen, XL master bedroom w/ jacuzzi ensuite & cozy gas fireplace. Lower level offers an 800 sqft rec or media room perfect for kids. Stunning sun drenched pool surrounded by decking ...