Professional Realtor ® Engel & Völkers Vancouver, Canada

Blog

City of Vancouver proposing 3.9% property tax increase in 2018 budget


CKNW

vanclover globaltv

As the year winds down, Vancouver City Council is holding a special meeting on Wednesday to talk about next year’s budget.

According to a report, the city is proposing a 3.9 per cent property tax increase. That means an extra $87 for a median single family home, and an extra $29 for a median strata unit.

READ MORE: City of Vancouver approves tax hike to tackle opioid crisis

But that’s not all. The city is also proposing an increase of an average of $40 for sewage, $37 for water and $23 for garbage.

As part of the budget, Vancouver police is also asking for $700,000 to build a new drug-handling facility.

According to Sgt. Jason Robillard, the new facility would be built at the VPD’s existing Glen Drive office and would allow officers and staff who handle seized drugs to work with them in a safe environment.

Read More ...



November 2017 Housing Market Update Real Estate Board of Greater Vancouver


REBGV President Jill Oudil provides a summary of the November 2017 housing market statistics.

 



CMHC market update


Attached you will find crucial stats on the Greater Vancouver market which I thought might be useful information. Note the history of the price increases in the outlining areas...

Click Here for CMHC market update stats

cmhc stats



Condominium sales drive August activity


newsflash red

Condominium sales drive August activity 

Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compared to July 2017 when 2,960 homes sold.

Last month’s sales were 19.6 per cent above the 10-year August sales average.

“First-time home buyers have led a surge this summer in demand in our condominium and townhome markets,” Jill Oudil, REBGV president said. “Homes priced between $350,000 and $750,000 have been subject to intense competition and multiple offers across the region.”

There were 4,245 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2017. This represents a 1.1 per cent decrease compared to the 4,293 homes listed in August 2016 and a 19.2 per cent decrease compared to July 2017 when 5,256 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,807, a 3.5 per cent increase compared to August 2016 (8,506) and a 4.2 per cent decrease compared to July 2017 (9,194).

For all property types, the sales-to-active listings ratio for August 2017 is 34.6 per cent. By property type, the ratio is 16.3 per cent for detached homes, 44.8 per cent for townhomes, and 76.3 per cent for condominiums.

Generally, analysts say that 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.

“Conditions in our detached home market are distinct today from the dynamic in our condominium and townhome markets,” Oudil said. “Detached homes have entered a balanced market. This means there’s less upward pressure on prices and that buyers have more selection to choose from and more time to make their decisions.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,029,700. This represents a 9.4 per cent increase over August 2016 and a one per cent increase compared to July 2017.

Sales of detached properties in August 2017 reached 901, a 26 per cent increase from the 715 detached sales recorded in August 2016. The benchmark price for detached properties is $1,615,100. This represents a 2.2 per cent increase from August 2016 and a 0.2 per cent increase compared to July 2017.

Sales of apartment properties reached 1,613 in August 2017, a 20.1 per cent increase compared to the 1,343 sales in August 2016. The benchmark price of an apartment property is $626,800. This represents a 19.4 per cent increase from August 2016 and a 1.7 per cent increase compared to July 2017.

Attached property sales in August 2017 totalled 529, a 22.7 per cent increase compared to the 431 sales in August 2016. The benchmark price of an attached unit is $778,300. This represents a 12.8 per cent increase from August 2016 and a 1.9 per cent increase compared to July 2017.

Click here to download the full package.



Recently Sold Listing 31080 Silverhill Avenue, Mission, BC


R2178871 - 31080 Silverhill Avenue, Mission, BC, CANADAI have just recently sold this listing at 31080 Silverhill Avenue, Mission.

Il Nido Country Inn and land for sale


Welcome to Il Nido Country Inn,


http://www.stanleyrealty.ca/property_details-3-108635.html

Enchanting Property: Expansive development opportunities
Golden, British Columbia

Nestled at the cusp of the magnificent Canadian Rocky Mountains.

No additional 15% Foreign Property Tax Applicable for this property. Low property taxes due to farm status.

* Development for a spa, retreat, cottages, getaways, resort, farm, much more, call today to find out more!

Unique & magical 319.4 Acres of sprawling land to create
something even more magnificent and magical.

Welcome to paradise. Il Nido Country Inn nestled at the cusp of the magnificent Canadian Rocky Mountains. This beautiful ‘log cabin’-style home/B&B Lodge has been successfully run since July 2010. This is a once in a lifetime investment opportunity & purchase offering 3 adjoining parcels of land. Greeted by a double rainbow a few times each year, this authentic log style home/lodge has been used as a successful Bed & Breakfast, welcoming clients from all over the world, all year long. The main lodge is approximately 17 years old, and comprises of gorgeous log, post and beams that is finished with a durable metal roof. The revenue stream has successfully been covered by 84% Accommodation and 16% in other revenue, including gifts from the personal gift shop that is equipped with unique memorabilia. The property includes all the inventory for the well-established Bed & Breakfast Lodge, as well as the equipment needed for the Farm land, including the Bison Corral, ATV, Tractor, Barns, Workshop’s, Storage, Wine Cellar, Games Room, Fitness Area & so much more.

With recreational activities within a very short distance of Il Nido, one can enjoy the great benefits of its proximity to all these incredible summer and winter wonderlands, which include, Skiing, River rafting, Golfing, Fishing, Paragliding, Horseback riding, Sky diving, Fishing, Rock Climbing, and the enduring 1-2 day hikes in one of the enchanting Canadian National Parks!

Things to Do in Golden this Winter

Golden is truly a winter wonderland for all ages to enjoy and with so many incredible activities it makes a perfect winter adventure.

There are activities for everyone to enjoy on and off the slopes.

Explore our authentic mountain town with your family, ski or snowboard the legendary Kicking Horse Mountain Resort or just take a gondola ride and enjoy the 360 degrees views from 7,700 feet. Enjoy our world class cross country skiing trails at Dawn Mountain or shred some powder whilst on a guided snowmobile tour. Experience a hockey game at our local arena.  Take the kids and grown-ups indoor rock climbing.
Take a heli-ski or cat-ski trip and experience the thrill of spectacular terrain and the world’s best powder.

Indulge yourself at concert or cultural event and get to meet the friendly locals.

Fast Facts for Winter in Golden and Kicking Horse Country
The birthplace of Heli skiing, The Bugaboos, is in our backyard
3 Heli skiing operators
1 cat skiing operator
Average of 10 m (32ft) of fantastic champagne powder in surrounding 3 mountain ranges – Purcells, Selkirks and Rockies

Over 20 backcountry lodges with great backcountry ski terrain Dawn Mountain Nordic Centre hosted the Canadian Masters championships during 2012

Over 30 km of groomed skate and classic cross country skiing trails at Dawn Mountain Nordic Centre
240 km of groomed snowmobile trails
4 maintained major snowmobiling areas
13 distinct snowmobiling zones
    
4,133 vertical feet of terrain at Kicking Horse Mountain Resort
Kicking Horse Mountain resort has the fourth highest vertical drop in North America
Eagle’s Eye Restaurant if Canada’s highest dining experience at 7,700 feet
Highest concentration of world-class ski resorts that can be day-tripped from Golden.
Kicking Horse Mountain Resort is only 15 min. from downtown, and 4 other resorts are within a 1½ - 2 hour drive: Lake Louise, Sunshine Village, Revelstoke Mountain Resort and Panorama Mountain Village
Heli skiing was born in the mountains near Golden, BC in 1965. Hans Gmoser pioneered the first ever commercial heli skiing in the Purcell Mountains' Bugaboo Range. Thus, Canadian Mountain Holidays (CMH) was born.
Famous Rogers Pass, ski touring capital of the world, is only 78 km from Golden



Metro Vancouver sees fewer home sales and more listings in July


Metro Vancouver sees fewer home sales and more listings in July

Home buyer activity returned to more typical summer levels in Metro Vancouver last month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold.

Last month’s sales were 0.7 per cent above the 10-year July sales average.

“Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” Jill Oudil, REBGV president said. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.”

There were 5,256 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2017. This represents a 0.3 per cent increase compared to the 5,241 homes listed in July 2016 and an 8.1 per cent decrease compared to June 2017 when 5,721 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,194, a 10.1 per cent increase compared to July 2016 (8,351) and an eight per cent increase compared to June 2017 (8,515).

“Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year,” Oudil, said.

For all property types, the sales-to-active listings ratio for July 2017 is 32.2 per cent. By property type, the ratio is 16.9 per cent for detached homes, 44.9 per cent for townhomes, and 62 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,019,400. This represents an 8.7 per cent increase over July 2016 and a 2.1 per cent increase compared to June 2017.

Sales of detached properties in July 2017 reached 949, a decrease of 11.9 per cent from the 1,077 detached sales recorded in July 2016. The benchmark price for detached properties is $1,612,400. This represents a 1.9 per cent increase from July 2016 and a 1.5 per cent increase compared to June 2017.

Sales of apartment properties reached 1,468 in July 2017, a decrease of 8.4 per cent compared to the 1,602 sales in July 2016. The benchmark price of an apartment property is $616,600. This represents an 18.5 per cent increase from July 2016 and a 2.7 per cent increase compared to June 2017.

Attached property sales in July 2017 totalled 543, a decrease of 0.7 per cent compared to the 547 sales in July 2016. The benchmark price of an attached unit is $763,700. This represents an 11.9 per cent increase from July 2016 and a 2.4 per cent increase compared to June 2017.

Click here to download the July 2017 stats package

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



Recently Sold Listing 3 - 15255 36 Avenue, Surrey, BC


R2192426 - 3 - 15255 36 Avenue, Surrey, BC, CANADAI have just recently sold this listing at 3 - 15255 36 Avenue, Surrey.

Recently Sold Listing 904 - 1251 Cardero Street, Vancouver, BC


R2185522 - 904 - 1251 Cardero Street, Vancouver, BC, CANADAI have just recently sold this listing at 904 - 1251 Cardero Street, Vancouver.

New Listing 3 - 15255 36 Avenue, Surrey, BC


R2192426 - 3 - 15255 36 Avenue, Surrey, BC, CANADAView my new listing for sale SOLD at 3 - 15255 36 Avenue, Surrey and currently listed at $879,900.SOLD

Rarely available duplex style townhome offering a spacious layout, & a very private setting of mature trees in a prestigious neighborhood. This gorgeous home has so much to offer you & your next chapter of living in home sweet home. Showcasing an oasis of beauty, private patio in park like setting, & something to offer everyone, your finishes include hardwood flooring, 4 bedrooms, 3 full bathrooms, + powder room on main, vaulted ceilings, a magnificent master bedroom, & side by side garage. Plenty of natural light throughout windows that offer a lovely private view of the surrounding trees, & a peaceful, tranquil setting. This lovely home has plenty of space, & will invite you into its charm & privacy from the moment that you step in to the desirable community of Ferngrove! Centrally located, close to schools (French immersion-Secondary school), transit, shops, highway 99, golfing, restaurants & more: Act fast! PUBLIC SCHOOLS Rosemary Heights Elementary, about a 7 minute walk - 0.51 KM away Elementary and Middle 15516 36 Ave, Surrey, BC V3Z 0J5, Canada It is the philosophy of our school to foster growth in attitudes and skills that are attributes of an educated and responsible individual in our changing society. https://www.surreyschools.ca/schools/rosemaryheights É?cole ?Earl Marriott Secondary, about a 56 minute walk - 4.19 KM away Middle and High 15751 16 Ave, Surrey, BC V4A 1S1, Canada At Earl Marriott Secondary, we embrace learning that challenges students to become critical thinkers, creative problem solvers, and dynamic innovators. Our vision celebrates citizens who are civically engaged, globally aware, and sensitive to environmental challenges and cultural diversities. Earl Marriott Secondary is a comprehensive secondary school with strong programs in Academics, Fine/Performing Arts, Applied Skills, Athletics, French Immersion and extra-curricular activities. The ethos of the school is based on an ethic of caring summed up in our mission statement "To value the most precious treasures of Earl Marriott Secondary School: the minds, hearts, and well being of its people". https://www.surreyschools.ca/schools/earlmarriott/Pages/default.aspx PRIVATE SCHOOLS Star of the Sea School, about a 34 minute walk - 2.53 KM away Elementary 15024 – 24 Avenue, Surrey, BC  V4A 2H8, Canada It is our task to provide a synthesis of culture and faith, and a synthesis of faith and life. We recognize this integration as a life long process of conversion, and Star of the Sea School must remain an active force during the systematic formation of our student’s developmental stages. http://www.staroftheseaschool.ca/  

See the Pixilink 360° Virtual Tour for this listing

© 2015 C Stanley. Proudly created by Webnificent.com