We are now into full Holiday mode here in Vancouver and the run-up to the big day has started - the spirit taking over the city with some very nice lighting displays and much more to come. Robson Square skating rink has reopened and is a great place for the kids to spend some time while either Mom or Dad hit the area for some shopping. With the weather we have experienced in the last 2 weeks - Christmas this year just may turn out to be a white one - and not just on the ski hills!
Click on our team photos - to see some of the lighting displays now up in the city - my favourite is still at English Bay - on Beach Avenue at Bidwell Street.
Real Estate in the West End and the downtown core has just about entered into the last phase of the year. Still receiving calls on properties but of course once home decorating starts it is a bit of a chore to book viewings - as owners prepare for family and friends. As we say, this is when the industry takes a breath.
The current market has had some surprises - in both new listings and sales. One recent noteworthy sale at the Shangri-La downtown was a home on the 49th floor that sold in 65 days which was listed at $3,288m - selling at $2,928m. This of course in a price range that has in certain aspects slowed considerably - so its a good sign that bodes well for property purchases in Vancouver. The home was very near 2500 square feet in size equating to $1171 per square foot as a sales comparable.
Some comments I am hearing on the street is many foreign buyers are looking for a "safe haven" to invest in. This is of course driven by world economic outlooks and continued struggles to show some kind of recovery after a devastating 2008. A solid banking system and resource based economy keeps Canada on the inverstment radar and of course Vancouver is always in the mix as one of the top ten best places to live - anywhere.
Contact me anytime for a true view of what is happening in the Vancouver area - it could save you $$.