Blog › November 2015

Достаточно большой выбор жилья на рынке недвижимости Ванкувера...

... покупатели, в основной своей массе, готовы обсуждать заявленную цену на продажу...

... процентная ставка опускается, что делает недвижимость ещё более доступной для покупки в Феврале месяце

... Март - Апрель обещает быть более активным и менее гибким для покупателей.

... хорошее время поиска жилья до начала весенней суматохи

Звоните для получитения более подробной инфомацию по телефону 604-719-4490.

Home listings increase while buyers remain in holding pattern

Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold in December 2018.

Last month’s sales were 36.3 per cent below the 10-year January sales average and were the lowest January-sales total since 2009.

“REALTORS® are seeing more traffic at open houses compared to recent months, however, buyers are choosing to remain in a holding pattern for the time being,” Phil Moore, REBGV president said.

There were 4,848 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2019. This represents a 27.7 per cent increase compared to the 3,796 homes listed in January 2018 and a 244.6 per cent increase compared to the 1,407 homes listed in December 2018.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,808, a 55.6 per cent increase compared to January 2018 (6,947) and a 5.2 per cent increase compared to December 2018 (10,275).

For all property types, the sales-to-active listings ratio for January 2019 is 10.2 per cent. By property type, the ratio is 6.8 per cent for detached homes, 11.9 per cent for townhomes, and 13.6 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Home prices have edged down across all home types in the region over the last seven months,” Moore said.

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,019,600. This represents a 4.5 per cent decrease over January 2018, and a 7.2 per cent decrease over the past six months.

“Economic fundamentals underpinning our market for home buyers and sellers remain strong. Today’s market conditions are largely the result of the mortgage stress test that the federal government imposed at the beginning of last year,” Moore said. “This measure, coupled with an increase in mortgage rates, took away as much as 25 per cent of purchasing power from many home buyers trying to enter the market.”

Sales of detached homes in January 2019 reached 339, a 30.4 per cent decrease from the 487 detached sales recorded in January 2018. The benchmark price for detached homes is $1,453,400. This represents a 9.1 per cent decrease from January 2018, and an 8.3 per cent decrease over the past six months.

Sales of apartment homes reached 559 in January 2019, a 44.8 per cent decrease compared to the 1,012 sales in January 2018. The benchmark price of an apartment property is $658,600. This represents a 1.7 per cent decrease from January 2018, and a 6.6 per cent decrease over the past six months.

Attached home sales in January 2019 totalled 205, a 35.7 per cent decrease compared to the 319 sales in January 2018. The benchmark price of an attached unit is $800,600. This represents a 0.5 per cent decrease from January 2018, and a 6.2 per cent decrease over the past six months.

The article provided by real estate board of Greater Vancouver ©.

Speculating on Presales in Vancouver


Vancouver Smart Condo Investing: Speculating on Presales

Here's my tip for my clients: Look at markets where old condos sell for more than new.

The new condominium market in Metro Vancouver is sizzling hot and prices of new concrete condos, one of the most favourite type for investors, have reached record levels these days.

Yet, there remains room for investor to get in and get out of the new high-rise condominium market quickly and with a tidy profit. This strategy has been rare over the past few years because new condominium prices were fairly stable. That has changed in recent months.

There’s an opportunity here for investors: the buying and selling of presale condominiums, or assignments, while the tower is ascending.

The average new concrete condominium in downtown Vancouver is now selling for $1,100 per square foot. It is $825 per square foot along most of the Cambie Corridor, $620 to $650 per square foot in Burnaby $600 per square foot in North Vancouver’s Lower Lonsdale area, and $500 per square foot in New Westminster, as some examples.

Yet, these record-high prices are all expected to increase because of the rapidly accelerating cost of land zoned for condominium development. We won’t go into who is buying and where, but suffice to say that land costs are about double what they were two years ago when most of the current condominium towers were being planned.

So, how do you decide where to buy a presale high-rise condominium

Look in neighbourhoods where the current resale condominiums have a higher price than the presale prices of new condominiums. This gives both an indication of potential price appreciation and market demand in that area.

As of September, 2015 Metro Vancouver condominium apartment prices were up 9 per cent from a year earlier, to a benchmark of $419,000 and sales had soared 28.7%, reports the Real Estate Board of Greater Vancouver.

Dig down, though, and we find sub-markets where resale condominium prices are rising faster than the average, and where older apartments are selling for more than new condos, based on per-square-foot values.

In Burnaby’s Metrotown, for example, the average resale condominium sells for $705 per square foot, but the average new condominium tower is preselling for $650 per square foot.

In Richmond, resale condominium prices average $614 per square foot, but new condominiums are selling for an average of $575 per square foot.

Lower Lonsdale in North Vancouver is another example. Here, the average resale condominium sells for $744 per square foot, but new concrete condominiums are preselling for $600 per square foot.

Happy hunting, my dear investors. But don't forget to call your Realtor, Oleg Tsaryov to get an advice from the real estate expert how to buy SMART in Vancouver.



Recently Sold Listing 202 - 1437 Foster Street, White Rock, BC


F1441676 - 202 - 1437 Foster Street, White Rock, BC, CANADAI have just recently sold this listing at 202 - 1437 Foster Street, White Rock.

Recently Sold Listing 1638 LANGTON PLACE, West Vancouver, BC


R2005428 - 1638 LANGTON PLACE, West Vancouver, BC, CANADAI have just recently sold this listing at 1638 LANGTON PLACE, West Vancouver.

Recently Sold Listing 577 W 21ST STREET, North Vancouver, BC


R2007483 - 577 W 21ST STREET, North Vancouver, BC, CANADAI have just recently sold this listing at 577 W 21ST STREET, North Vancouver.