Real Estate Advisor with Engel & Völkers Vancouver, Canada

Cindy Stanley Realty Blog › October 2018

On Top OF The Market Podcast: New Duplex Zoning Regulations with Hector Bremner.


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Episode 1: Hosted by Chris Burns & Jeff Fitzpatrick. In Episode 1 will be discussing the new Duplex Regulations implemented by the City of Vancouver featuring a very special guest, Hector Bremner, currently running for Mayor of Vancouver.



Engel & Völkers Vancouver Dressed for Success Fundraising


Engel & Völkers Vancouver raising awareness for Dressed for Success Fundraising Opportunity, to help someone in need.

engel  volkers vancouver dressed for success fundraising



September 2018 Housing Market Update for Real Estate Board of Greater Vancouver


View the latest update and stats on real estate market in Vancouver.

september 2018 housing market update   real estate board of greater vancouver



MAJOR $200k Price Reduction In Heart of Burnaby!


Catch this great property now at a MAJOR $200K reduced price in excellent neighbourhood.

https://www.stanleyrealty.ca/r2301921-6602-delwood-court

6602 delwood   price reduction



Latest GG Magazines Now Available


Catch the latest GG Magazines now available online at www.ggmagazine.ca

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Recently Sold Listing 109 - 5011 Springs Boulevard, Tsawwassen, BC


R2274372 - 109 - 5011 Springs Boulevard, Tsawwassen, BC, CANADAI have just recently sold this listing at 109 - 5011 Springs Boulevard, Tsawwassen.

Happy Thanksgiving to all!


Happy Thanksgiving to all my awesome clients, very thankful for you trusting me with such a important decision as selling or buying a home!

Thanks to all! https://www.stanleyrealty.ca/testimonials

happy thanksgiving from stanleyrealty engel volkers vancouver ladner tsawwassen delta burnaby



Vancouver Housing Demand Drops Like A Rock, And Prices Are Now Falling


If current trends continue, all the housing in Greater Vancouver will be in a “buyer’s market” within a few months. By Daniel Tencer

It's safe to say Vancouver real estate has entered a new era, and it's nothing like the old one. After a dismal summer, things appear to be headed for an even worse autumn.

The city's sales slump deepened in September, with home resales dropping by 17.3 per cent from August, and down 43.5 per cent from the same month a year earlier, new data released Tuesday shows.

With unsold listings piling up, the supply of homes for sale is spiking, putting downward pressure on prices, which are now falling all categories, and in most areas of British Columbia's Lower Mainland.

"Metro Vancouver's housing market has changed pace compared to the last few years," Real Estate Board of Greater Vancouver (REBGV) president-elect Ashley Smith said in a statement.

"Our townhome and apartment markets are sitting in balanced market territory and our detached home market remains in a clear buyers' market."

But townhomes and condos may not remain in "balanced territory" for long. The sales-to-active-listings ratio a closely watched measure of market balance has dropped precipitously for both housing types since the start of the year.

There are now only 14 townhomes selling every month for every 100 available, down from around 35 per 100 in the early months of the year. For condos, sales have dropped to 17.6 per 100, from around 60 per 100 at the start of the year.

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The REBGV considers any level below 12 to be a "buyer's market," and any level above 20 a "seller's market."

With eight sales per 100 available homes, detached houses have been in a "buyer's market" for some time. But if current trends continue for just a few more months, all the residential real estate in Greater Vancouver will be in a "buyer's market."

Read More ...

 



Housing market continues to cool in Metro Vancouver: Real Estate Board


globalnews

The Real Estate Board of Greater Vancouver says the supply of homes across Metro Vancouver continued to increase in September, while buyer demand remained below typical levels for this time of year.

READ MORE: Vancouver company offering people way to buy a “piece” of the hot housing market

The number of homes sold fell 17 per cent from August and was down 43.5 per cent from the same month a year ago.

The composite benchmark price of a home was just over $1 million, a three per cent decrease over the past three months but up 2.2 per cent from September of 2017.

“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” the board’s president-elect, Ashley Smith, said.

READ MORE: Rental task force recommends B.C. government change allowable rent increase



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