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Posted in Main, Vancouver East Real Estate
New property listed in Main, Vancouver East

We have just listed a new property at 350 45TH AVE E in Vancouver.
See details here
Awesome Main St area FAMILY home with mature landscaped private gardens on an extra large sunny south exposed lot. MAIN LEVEL-> open plan flows with classic living/dining & beautiful gas fireplace, oak hardwood throughout & new windows. Huge updated kitchen w/ quality Fisher Paykel fridge, double dishwasher & gas stove. Spacious centre kitchen island with granite top plus lots of built-in drawers + pantry. Big french doors open to 2 large entertainment sized decks. Cozy family room features lovely wainscotting. UPSTAIRS-> 4 big bedrooms + 2 new baths, including a master ensuite. DOWNSTAIRS -> amazing optional 1 bed mortgage helper. BONUS -> stunning 2 bedroom laneway. On a quiet treed street directly across from Macdonald Park. Walk to transportation and Main Street shopping. This is a A Must See!
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Posted in Oakridge VW, Vancouver West Real Estate
We just sold a property at 81 45TH AVE W in Vancouver

We have just sold a property at 81 45TH AVE W in Vancouver.
See details here
Fantastic FAMILY home with 4 big bedrooms + 2 bath upstairs, including a Primary bedroom with cozy wood burning fireplace & full ensuite. Main floor features an updated cooks kitchen with huge entertainment sized island & quality appliances. Bright open plan with soaring vaulted ceilings on the main & beautiful hardwood floors + 2 gas fireplaces. Spacious family room. Outside features a double garage with an excellent studio or "man cave" space in the attic plus a 3 piece bath. Located in the heart of Oakridge with easy access to transportation, the Canada Line, parks & soon to excellent shopping in the newly built Oakridge Park development. Van Horne Elementary & Eric Hamber High school. This a MUST SEE!
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Posted in Oakridge VW, Vancouver West Real Estate
New property listed in Oakridge VW, Vancouver West

We have just listed a new property at 81 45TH AVE W in Vancouver.
See details here
Fantastic FAMILY home with 4 big bedrooms + 2 bath upstairs, including a Primary bedroom with cozy wood burning fireplace & full ensuite. Main floor features an updated cooks kitchen with huge entertainment sized island & quality appliances. Bright open plan with soaring vaulted ceilings on the main & beautiful hardwood floors + 2 gas fireplaces. Spacious family room. Outside features a double garage with an excellent studio or "man cave" space in the attic plus a 3 piece bath. Located in the heart of Oakridge with easy access to transportation, the Canada Line, parks & soon to excellent shopping in the newly built Oakridge Park development. Van Horne Elementary & Eric Hamber High school. This a MUST SEE!
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Posted in Oakridge VW, Vancouver West Real Estate
Open House. Open House on Saturday, September 16, 2023 2:00PM - 4:00PM

Please visit our Open House at 81 45TH AVE W in Vancouver. See details here

Open House on Saturday, September 16, 2023 2:00PM - 4:00PM

Fantastic FAMILY home with 4 big bedrooms + 2 bath upstairs, including a Primary bedroom with cozy wood burning fireplace & full ensuite. Main floor features an updated cooks kitchen with huge entertainment sized island & quality appliances. Bright open plan with soaring vaulted ceilings on the main & beautiful hardwood floors + 2 gas fireplaces. Spacious family room. Outside features a double garage with an excellent studio or "man cave" space in the attic plus a 3 piece bath. Located in the heart of Oakridge with easy access to transportation, the Canada Line, parks & soon to excellent shopping in the newly built Oakridge Park development. Van Horne Elementary & Eric Hamber High school. This a MUST SEE!

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Posted in Oakridge VW, Vancouver West Real Estate
Open House. Open House on Sunday, September 17, 2023 2:00PM - 4:00PM

Please visit our Open House at 81 45TH AVE W in Vancouver. See details here

Open House on Sunday, September 17, 2023 2:00PM - 4:00PM

Fantastic FAMILY home with 4 big bedrooms + 2 bath upstairs, including a Primary bedroom with cozy wood burning fireplace & full ensuite. Main floor features an updated cooks kitchen with huge entertainment sized island & quality appliances. Bright open plan with soaring vaulted ceilings on the main & beautiful hardwood floors + 2 gas fireplaces. Spacious family room. Outside features a double garage with an excellent studio or "man cave" space in the attic plus a 3 piece bath. Located in the heart of Oakridge with easy access to transportation, the Canada Line, parks & soon to excellent shopping in the newly built Oakridge Park development. Van Horne Elementary & Eric Hamber High school. This a MUST SEE!

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Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer...

VANCOUVER, BC – July 5, 2023 – Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269).

“The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June,” Andrew Lis, REBGV’s director of economics and data analytics said. “The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.”

There were 5,348 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2023. This represents a 1.3 per cent increase compared to the 5,278 homes listed in June 2022. This was 3.1 per cent below the 10-year seasonal average (5,518).

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,990, a 7.9 per cent decrease compared to June 2022 (10,842) This was 17.4 per cent below the 10-year seasonal average (12,091).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2023 is 31.4 per cent. By property type, the ratio is 20.9 per cent for detached homes, 38.5 per cent for townhomes, and 39.4 per cent for apartments.

Analysis of the historical data suggests 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.

“Despite elevated borrowing costs, there continues to be too little resale inventory available relative to the pool of buyers in Metro Vancouver. This is the fundamental reason we continue to see prices increase month over month across all segments,” Lis said. “With the benchmark price for apartments now standing at $767,000, we repeat our call to the provincial government to adjust the $525,000 threshold exempting first-time home buyers from the Property Transfer Tax to better reflect the price of entry-level homes in our region. This is a simple policy adjustment that could help more first-time buyers afford a home right now.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,203,000. This represents a 2.4 per cent decrease over June 2022 and a 1.3 per cent increase compared to May 2023.

Sales of detached homes in June 2023 reached 848, a 28.3 per cent increase from the 661 detached sales recorded in June 2022. The benchmark price for a detached home is $1,991,300. This represents a 3.2 per cent decrease from June 2022 and a 1.9 per cent increase compared to May 2023.

Sales of apartment homes reached 1,573 in June 2023, an 18.6 per cent increase compared to the 1,326 sales in June 2022. The benchmark price of an apartment home is $767,000. This represents a 0.5 per cent increase from June 2022 and a 0.8 per cent increase compared to May 2023.

Attached home sales in June 2023 totalled 547, a 17.6 per cent increase compared to the 465 sales in June 2022. The benchmark price of an attached home is $1,098,900. This represents a one per cent decrease from June 2022 and a 1.5 per cent increase compared to May 2023.

-30-

1. Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

2. REBGV is now including multifamily and land sales and listings in this monthly report. Previously, we only included detached, attached, and apartment sales, and these additional categories, which typically account for roughly one to two per cent of total MLS® activity per month, are being included for completeness in our reporting.

The Real Estate Board of Greater Vancouver is an association representing more than 15,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

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Posted in Mount Pleasant VW, Vancouver West Real Estate
We just sold a property at 233 11TH AVE W in Vancouver

We have just sold a property at 233 11TH AVE W in Vancouver.
See details here
Rare opportunity in Mount Pleasant! Beautiful 2 bedroom 2 bath townhome on the prettiest street in the area! Built by Georgie award winner, Handmade Development. Open floor plan, stunning kitchen,vaulted ceilings,fireplace and more! Completely renovated in 2021 with high quality finishes! Enjoy City and mountain views from two outdoor patios including the amazing main-level entertainment sized deck. All this in a very private/quiet & secluded location! Walking distance to shopping, coffee shops, Canada Line, City Hall, VGH and more!
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Posted in Mount Pleasant VW, Vancouver West Real Estate
New property listed in Mount Pleasant VW, Vancouver West

We have just listed a new property at 233 11TH AVE W in Vancouver.
See details here
Rare opportunity in Mount Pleasant! Beautiful 2 bedroom 2 bath townhome on the prettiest street in the area! Built by Georgie award winner, Handmade Development. Open floor plan, stunning kitchen,vaulted ceilings,fireplace and more! Completely renovated in 2021 with high quality finishes! Enjoy City and mountain views from two outdoor patios including the amazing main-level entertainment sized deck. All this in a very private/quiet & secluded location! Walking distance to shopping, coffee shops, Canada Line, City Hall, VGH and more! First showing June 6 from 10am until noon. Open houses Saturday & Sunday June 10/11 from 2pm - 4 pm.
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Posted in Mount Pleasant VW, Vancouver West Real Estate
Open House. Open House on Saturday, June 10, 2023 2:00PM - 4:00PM

Please visit our Open House at 233 11TH AVE W in Vancouver. See details here

Open House on Saturday, June 10, 2023 2:00PM - 4:00PM

Rare opportunity in Mount Pleasant! Beautiful 2 bedroom 2 bath townhome on the prettiest street in the area! Built by Georgie award winner, Handmade Development. Open floor plan, stunning kitchen,vaulted ceilings,fireplace and more! Completely renovated in 2021 with high quality finishes! Enjoy City and mountain views from two outdoor patios including the amazing main-level entertainment sized deck. All this in a very private/quiet & secluded location! Walking distance to shopping, coffee shops, Canada Line, City Hall, VGH and more! First showing June 6 from 10am until noon. Open houses Saturday & Sunday June 10/11 from 2pm - 4 pm.

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Posted in Mount Pleasant VW, Vancouver West Real Estate
Open House. Open House on Sunday, June 11, 2023 2:00PM - 4:00PM

Please visit our Open House at 233 11TH AVE W in Vancouver. See details here

Open House on Sunday, June 11, 2023 2:00PM - 4:00PM

Rare opportunity in Mount Pleasant! Beautiful 2 bedroom 2 bath townhome on the prettiest street in the area! Built by Georgie award winner, Handmade Development. Open floor plan, stunning kitchen,vaulted ceilings,fireplace and more! Completely renovated in 2021 with high quality finishes! Enjoy City and mountain views from two outdoor patios including the amazing main-level entertainment sized deck. All this in a very private/quiet & secluded location! Walking distance to shopping, coffee shops, Canada Line, City Hall, VGH and more! First showing June 6 from 10am until noon. Open houses Saturday & Sunday June 10/11 from 2pm - 4 pm.

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Posted in Kitsilano, Vancouver West Real Estate
We just sold a property at 206 2195 5TH AVE W in Vancouver

We have just sold a property at 206 2195 5TH AVE W in Vancouver.
See details here
Located in the heart of Kitsilano! Bright Western exposure with views of the North Shore mountains. Spacious OPEN FLOOR PLAN with a FIREPLACE! A nice size balcony for bbqing and entertaining. IN-SUITE laundry,1 PARKING stall and a STORAGE locker complete this amazing home. Freshly painted with updated lighting and ready to move in! Amazing community rooftop deck with panoramic views of the ocean! This is a fully RAINSCREENED building with a proactive strata. Steps to coffee shops, Whole foods and more. Easy walk to kits beach, Granville Island & downtown!
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Posted in Kitsilano, Vancouver West Real Estate
New property listed in Kitsilano, Vancouver West

We have just listed a new property at 206 2195 5TH AVE W in Vancouver.
See details here
Located in the heart of Kitsilano! Bright Western exposure with views of the North Shore mountains. Spacious OPEN FLOOR PLAN with a FIREPLACE! A nice size balcony for bbqing and entertaining. IN-SUITE laundry,1 PARKING stall and a STORAGE locker complete this amazing home. Freshly painted with updated lighting and ready to move in! Amazing community rooftop deck with panoramic views of the ocean! This is a fully RAINSCREENED building with a proactive strata. Steps to coffee shops, Whole foods and more. Easy walk to kits beach, Granville Island & downtown!
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