| | Open
Houses This Weekend...
|
|
FIRST
SHOWING :
Thurs.
May 17th, 6:00- 7:00pm
OPEN
HOUSE:
Sat.
May 19th, 1:00 - 3:00pm
Sun. May 20th, 1:00 - 3:00pm
2249
Charles Street
East Vancouver - Grandview / Commercial Drive
List
Price $1,079,000
Lot size = 33 x 122
6 bdrm, 3 bthrm - 3491sq. ft | |
OPEN
HOUSE:
Sat.
May 19th, 3:30 - 5:00pm
Sun. May 20th, 3:30 - 5:00pm
103
-1688 Robson Street
Vancouver West - West End
List Price $498,000
1 bdrm, 1 bthrm - 644sq. ft |
| | OPEN
HOUSE:
Sat.
May 19th, 3:30 - 4:30pm
#207
- 1950 West 8th Ave
Vancouver West - Kitsilano
List Price $359,900
1 bdrm, 1 bthrm - 704sq. ft | | OPEN
HOUSE: Sun.
May 20th, 3:30 - 4:30pm #214
- 1420 East 7th Avnue
East Vancouver - Grandview / Commercial Drive
List Price $275,000
1 bdrm, 1 bthrm - 781sq. ft
|
| | First
Time Home Buyer's Bonus - up to $10,0000 | Subject
to approval by the legislature, the B.C. government intends to implement a temporary
BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March
31, 2013, the bonus is a one-time refundable personal income tax credit worth
up to $10,000 when a new home is purchased in BC by a first time home buyer. The
amount of the tax credit is dependent on the buyer's income level and the purchase
price of the house. Full
BC Government info sheet | | MARKET
UPDATE | | Vancouver
Real Estate Market Update - February 2012 (Historical
Statistics for Real Estate Board) There
is often a lot of confusion, and misinformation about the real estate market in
Vancouver. The media likes to create "news", so often, real estate market
information is given a sensational "breaking news headline" - that perhaps
sometimes misconstrues the facts somewhat. My
attempt with this market update is to give you the facts about what has been happening
in the Vancouver market focusing on the Vancouver West Side and Vancouver East
Side. Remember, if you need a Vancouver Realtor don't hesitate to call, as we
specialize in both Vancouver West Side and East Vancouver Real Estate. Here
is a little more in-depth look at the Vancouver market numbers. Insider's
Market Review. What does it all mean? Give us a call & we can explain.
| Type
of Property | AREA |
Benchmark
Price* | 1
Month Change % | 3
Month Change % | 6
Month Change % | 1
Year Change % | 3
Year Change % | 5
Year Change % | | | | | | | | | |
| DETACHED
|
East Vancouver Houses |
$827,500 | 0.7% | 0.7% |
1.1% |
12.9% |
41.3% | 41.8% |
| Vancouver
West Houses |
$2,204,500 | 1.1%
| -0.2% | 1.1% | 21.4%
| 69.0% |
74.1% | | ATTACHED | East
Vancouver |
$516,600 | -0.9% | -0.5% | 1.6% |
8.7% | 22.1% | 22.6% |
| Vancouver
West |
$682,900 | 0.1% | 6.5% | 4.2% | -8.9% | 24.0%
| 21.1% |
| APARTMENT | East
Vancouver | $298,900
| -0.5%
| -1.6% | -2.4% | 2.6%
| 12.2%
| 17.1% |
| Vancouver
West | $472,600
| 1.3% | 2.0% | -0.1% | 4.8%
| 19.0%
| 16.8% |
*BENCHMARK PRICE:
Estimated sale price of a benchmark property. Benchmarks represent a typical property
within each market.
| Click
on Graph for Full 30 Year Historic Trend.
|
Greater Vancouver housing
market trends near long-term averages as spring market approaches
VANCOUVER,
B.C. – March 2, 2012 – Closer alignment between home buyer and seller
activity helped bring greater balance to the Greater Vancouver housing market
in February.
The Real Estate Board of Greater Vancouver (REBGV) reports
that residential property sales in Greater Vancouver reached 2,545 on the MLS®
system in February 2012. This represents a 61.4 per cent increase compared to
the 1,577 sales recorded in January 2012, a decline of 17.8 per cent compared
to the 3,097 sales in February 2011 and a 2.9 per cent increase from the 2,473
home sales in February 2010.
February sales in Greater Vancouver were the
third lowest February total in the region since 2002, though only 151 sales below
the 10-year average.
“With a sales-to-active-listings ratio of over
18 per cent, we see fairly balanced conditions in our marketplace as we move into
the traditionally busier spring season,” Rosario Setticasi, REBGV president
said.
New listings for detached, attached and apartment properties in Greater
Vancouver totalled 5,552 in February 2012. This represents a 2.5 per cent decline
compared to February 2011 when 5,693 properties were listed, and a 3.5 per cent
decline compared to January 2012 when 5,756 homes were added to the MLS®
in Greater Vancouver.
Last month’s new listing count was the second
highest February total in Greater Vancouver since 1996.
At 14,055, the
total number of residential property listings on the MLS® increased 12 per
cent in February compared to last month and increased 17.9 per cent from this
time last year. “Region-wide we’ve seen relative stability in home prices
over the last six months, but it’s important to do your homework and consult
your REALTOR® because pricing can vary considerably depending on the neighbourhood
and property type,” Setticasi said.
The MLS® HPI benchmark price
for all residential properties in Greater Vancouver currently sits at $670,900,
up 6 per cent compared to February 2011 and an increase of 0.9 per cent compared
to January 2012. The benchmark price for all residential properties in the Lower
Mainland is $601,300, an increase of 5.5 per cent compared to February 2011.
Sales
of detached properties on the MLS® in February 2012 reached 1,101, a decline
of 21.5 per cent from the 1,402 detached sales recorded in February 2011, and
a 12 per cent increase from the 983 units sold in February 2010. The benchmark
price for detached properties increased 10.5 per cent from February 2011 to $1,042,900.
Sales
of apartment properties reached 1,020 in February 2012, a decline of 15.4 per
cent compared to the 1,206 sales in February 2011, and a decrease of 5 per cent
compared to the 1,074 sales in February 2010. The benchmark price of an apartment
property increased 2.8 per cent from February 2011 to $373,300.
Townhome
property sales in February 2012 totalled 424, a decline of 13.3 per cent compared
to the 489 sales in February 2011, and a 1.9 per cent increase from the 416 townhome
properties sold in February 2010. The benchmark price of a townhome unit increased
0.7 per cent between February 2011 and 2012 to $472,800. The
real estate industry is a key economic driver in British Columbia. In 2010, 30,595
homes changed ownership in the Board's area, generating $1.28 billion in spin-off
activity and 8,567 jobs. The total dollar value of residential sales transacted
through the MLS® system in Greater Vancouver totalled $21 billion in 2010.
The Real Estate Board of Greater Vancouver is an association representing more
than 10,000 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.
Information
provided with permission by the Real Estate Board of Greater Vancouver (REBGV) | |
| Vancouver
Laneway Housing | | November
2010 - City of Vancouver Update on Laneway housing:
Full report from the City of Vancouver
Key Findings - Vancouver's First 100 Laneway Houses - On
average, 11 laneway house permits were issued per month city-wide. 100 laneway
houses were developed in the same period as about 500 new single family homes.
- 39
of the first 100 laneway houses were added onto sites while retaining the existing
main house; 61 were part of total site redevelopment (a new laneway house and
a new main house). Overall, for approximately every 8 new single family homes
developed, 1 has included a new laneway house.
- There
were no significant changes to demolition/replacement housing rates in the time
frame under consideration. The opportunity to build a laneway house does not appear
to have driven increased demolition of a single family house where demolition
was not already contemplated.
- While
laneway houses display a variety of architectural styles, most have a partial
upper storey and a traditional pitched roof.
- Of
the first 100 laneway houses:
- 67% are 1 bedroom units; 28% are 2 bedroom
units; 5% are studio units.
- 59% provide the minimum 1 onsite parking space;
41% provide 2 or more spaces.
- About 1/3 of laneway house projects have involved
tree removal and replacement. More than twice as many trees are being planted
in conjunction with laneway houses than are being removed.
- Rental rates
range between $1000 - $2100 for 1 – 2 bedroom laneway houses in varying locations,
with varying quality of finishes. These rates are consistent with CMHC rent levels
for recent, purpose-built rental housing projects.
July
28th, 2009 - City of Vancouver Council, approved unanimously, the plan to
allow laneway housing. This will affect almost 70,000 single-family properties
in Vancouver that are now potentially eligible to add a small house in their backyard.
This has been a much debated about possible solution Vancouver's extremely low
vacancy rate of .3%.
Concerns about livability, parking, density all
come to a forefront with this hot topic. Is this the solution to Vancouver's problem
of affordable housing? Read on.... Full
story from Vancouver Sun & Vancouver Province. |  |
| Green
Real Estate | | For
information about Green Real Estate and how you can make educated environmentally
friendly decisions about your home, check out my new Green
Living Section for some great Green links. Find out about grants
for Green renovations. | |
Lisa
MacIntosh Team - Personal Real Estate Corporation - Dexter Associates Realty
Phone:
604-263-1144 Fax: 604-263-6699
Medallion Club Member - Top 10% of Realtors
in Greater Vancouver
email: Lisa
MacIntosh Copyright © 2012. All rights reserved.
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