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Lower Mainland Foreclosure Report

November 25th, 2014
Just to check on how the market is doing in terms of defaults, I ran a search for foreclosure properties.  The first batch is for detached properties and the second below is for attached properties. The markets I focussed on were: Vancouver east and west, Richmond, Whistler and North and West Vancouver.

For detached properties, there are currently 2,495 active listings and only 14 Court ordere ...

Vancouver Downtown Condo Price Reductions

November 21st, 2014
Here are the latest price reductions on Downtown Vancouver condos and attached properties over the last 14 days.  The list is not large indicating sellers are digging in their heels.

Address LP Prev LP Change % Change DOM Tot BR Age
# 908 161 W GEORGIA ST 428,000 448,000 20,000 4 51 1 2
# 713 1333 HORNBY ST 249,900 260,000 10,100 4 37 0 40
# ...

Downtown Vancouver Condo Market Report

November 21st, 2014
Local Real Estate Blogs over the last couple of years have mocked, skewered and prophesized an impending slaughter of condo buyers on Vancouver's west side.  So I thought it fitting to take a quick look at the local market conditions and take a quick pulse of the downtown area to see the state of affairs. Have the bears been proven right? Were they right at any time since 2011? What is the pr ...

Canadian Manufacturing Output up.... big time!

November 14th, 2014
The BC Real Estate Association Manufacturing Report:

BCREA ECONOMICS NOW

Canadian Manufacturing Sales - November 14, 2014

Canadian manufacturing sales rebounded from a poor showing in August, rising 2.1 per cent in September to $53 billion. The increase in sales was the eighth gain in the past nine months and was primarily the result of higher sales of transportation equipment. 

In BC ...

Whistler Real Estate Market Report

November 14th, 2014
Recreational property to me is an important leading indicator to the broader economic and real estate market.  I liken it to penny and speculative stocks as a form of investment.  Why? If downward market pressures start to mount, it is these properties and not the principal family residence which will be the first to be put on the market and let go.  About 6 months ago I ran foreclosure rates ...

Vancouver Real Estate Market Report

November 12th, 2014
Teranet just came out with their up to date October Real Estate Market Report for all of Canada.  For the Vancouver market, their data shows a marked uptick in housing prices of 6.54% year over year from 2013 and prices up by 5.3% year to date. That doesn't seem like much until you calculate it against an average 25% of equity in a property.  With that leverage on a $1,000,000 property, the r ...

Lower Mainland Real Estate Market Report

November 4th, 2014
This just out from the Real Estate Board of Greater Vancouver: Metro Vancouver home sales above average in October

Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS® ...

475 23RD Ave W, Vancouver West, British Columbia

November 4th, 2014

Total 3678 sq ft luxurious living space! This well kept home comes with an incredible 2 level, 1 bedroom, 670 sqft newer laneway house. Main house has 3 storey, over 3000 sqft with hardwood floor throughout, spacious living and dining rooms , gourmet kitchen with granite countertops, enclosed deck at the back (could be a solarium). Upstairs with 4 spacious bedrooms & 3 bathrooms. Versatile ba ...

4475 GANDER Drive, Richmond, British Columbia

November 4th, 2014

Nicely updated 4 bedroom and games (could be 5th bedroom) family home in popular oriented neighbourhood. Enough place to add on another bathroom on the above floor to change a bedroom to suite. The elegant home has been professionally desig ned and features a new open concept gourmet kitchen with rich maple cabinets, centre island with granite counter top and new top of the line appliances. K ...

10220 LASSAM Road, Richmond, British Columbia

November 3rd, 2014

Clean and well kept family home on a gorgeous 1s yard in popular North Steveston area between 2 Rd and railway. 4 large bedrooms on the top floor and open plan living/kitchen/family room on the main floor plus bonus 1 bedroom unit. New fence, marble entry with high ceiling, 4 bathrooms, radiant hotwater heat, tile roof, central vacuum, cherry tree and double garage. 1 block to Mckinney Elemen ...

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