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I always like to start with the bad news so I can finish on a high note.  In this case the bad news isn't that bad, it could be worse.  


Here it goes... Renovating in Vancouver will become a little more complicated.  As of January 2015 the city is making additions to the building code, some good and others not so good.  Affordability is a major topic of discussion and these new codes will add to that issue.  Read the full article here, it's worth a few minutes.

The Good...

Vancouver's Real Estate market is moving along just fine!  4 months in a row there have been 3000+ sales/ month.  The last time the number of sales in a month reached 3000 was in 2011.


Prices:  on average, the benchmark price for detached properties, apartments and attached properties (townhouses & duplexes) has increased 4% in the last 12 months.  


Summer Market: the summer market usually sees a slow down but we haven't seen much of that this year.  The number of sales are right in line with those in April.  There are still a large number of people that go away in the summer but that hasn't seemed to slow the buyers or listings down.


Balanced Market: taking the total number of listings in Greater Vancouver and dividing that by the total number of sales last month gives us a sales ratio of 19% so we are on the cusp of a Sellers' Market (20%+).


Areas and neighbourhoods do differ.  For a clearer picture please contact me for a full info package pertaining to your specific area. | Call/ Text: 604.782.7545


Have a great SUMMER!




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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.