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Vancouver Home Team Update : 

 
 

HIGHLIGHTS

The Greater Vancouver benchmark house price has continued to rise, however condo prices are beginning to flatten.

House purchases in July and August where the highest ever for those months! The market hasn't yet settled into a 'new normal'.

The full impact of job losses will not be felt until October when CERB and the mortgage payment deferral programs have expired.

Condo listings have risen materially, while house sellers have been more reluctant to list.


We are watching several key risks:

1. A flood of condo supply could cause an acceleration of price declines.

2. It is reasonable to expect there may be some localized lockdowns coming.

3. Short-term rentals in Vancouver may sold, and this could add unexpected supply to the market.


Where are Metro Vancouver prices headed?


Given the Coronavirus Recession, sellers may want to push ahead and sell during the pandemic. There is no guarantee that home prices will stay at the current highs because a Coronavirus induced recession may inflict long-term economic damage.

Homeowners who plan to live in their current home for the next five years, as well as long-term investors, should never sell out of a sense of panic.

However, there are a few types of homeowners who should seriously consider selling now.

• Homeowners in entry-level homes who want to upgrade.

• Older Baby Boomers who wish to downsize.

• Real estate investors and builders.


I HOPE THIS GIVES YOU A BETTER UNDERSTANDING OF WHERE THE MARKET IS.


MY BUSINESS IS BASED ON REFERRALS AND I’M NEVER TOO BUSY FOR YOUR REFERRALS!


STAY SAFE!

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We have sold a property at 107 215 TEMPLETON DR N in Vancouver.
Stylishly updated 1 bedroom ground floor unit featuring designer finishes throughout, gourmet kitchen with full size, high-end stainless appliances, a spa inspired bathroom with soaker tub, Toto toilet, and stunning tile, and a large(150sqft+) outdoor patio perfect for entertaining! This immaculate starter home is in a quiet neighbourhood of tree-lined streets, close to transit and conveniently located close to downtown, Commercial Drive, numerous waterfront parks, and the trendy craft breweries and restaurants of East Village! 2 cats are welcome, 1 storage, 1 parking. Easy to show by appt. Call your agent to set up a showing!
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COME ON OUT for a visit to our Open House at  2220 NO. 4 RD in Richmond.
 
Open House on Sunday, August 9, 2020 2:00PM - 4:00PM
Newly renovated 2,108 sq ft 1/2 Duplex in Bridgeport. GREAT FOR LARGE FAMILY! Laminated hardwood flooring. New kitchen and bathroom, new paint. 5 Bedrooms, 3 Baths, single garage w bluetooth opener and 4 outside parking places. Wood burning fireplace and vaulted ceiling in the living room. All appliance are new and boiler has been replaced in 2013 as well as water tank, 6 year old asphalt roof. Close to school, shopping and transportation. Separate in-law suite. 10 Minutes to Vancouver, YVR airport and Highway. 15 min walk to Bridgeport Skytrain. Walk along the river path. Not to be missed! Open House Sunday Aug 9, 2 to 4 by appointment. Mask & gloves required.
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COME ON OUT for a visit to our Open House at  2220 NO. 4 RD in Richmond.
 
Open House on Sunday, August 2, 2020 2:00PM - 4:00PM
Newly renovated 2,108 sq ft 1/2 Duplex in Bridgeport. GREAT FOR LARGE FAMILY! Laminated hardwood flooring. New kitchen and bathroom, new paint. 5 Bedrooms, 3 Baths, single garage w bluetooth opener and 4 outside parking places. Wood burning fireplace and vaulted ceiling in the living room. All appliance are new and boiler has been replaced in 2013 as well as water tank, 6 year old asphalt roof. Close to school, shopping and transportation. Separate in-law suite. 10 Minutes to Vancouver, YVR airport and Highway. 15 min walk to Bridgeport Skytrain. Walk along the river path. Not to be missed! Open House Sunday Aug 2, 2 to 4 by appointment. Mask & gloves required.
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COME ON OUT for a visit to our Open House at  2220 NO. 4 RD in Richmond.
 
Open House on Sunday, August 2, 2020 2:00PM - 4:00PM
Newly renovated 2,108 sq ft 1/2 Duplex in Bridgeport. GREAT FOR LARGE FAMILY! Laminated hardwood flooring. New kitchen and bathroom, new paint. 5 Bedrooms, 3 Baths, single garage w bluetooth opener and 4 outside parking places. Wood burning fireplace and vaulted ceiling in the living room. All appliance are new and boiler has been replaced in 2013 as well as water tank, 6 year old asphalt roof. Close to school, shopping and transportation. Separate in-law suite. 10 Minutes to Vancouver, YVR airport and Highway. 15 min walk to Bridgeport Skytrain. Walk along the river path. Not to be missed! Open House Sunday Aug 2, 2 to 4 by appointment. Mask & gloves required.
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A new property at 3529 PRINCE ALBERT ST in Vancouver.
This beautiful level 30 x 99 corner lot is located in the heart of FRASERHOOD! 6-Bedrooms and 3.5-Baths home, on a nice, quiet street. CORNER LOT! Updated kitchen, bathrooms & deck. Finish loft and basement. Close to shops, parks, playground, Charles Dickens Elementary and Tupper Secondary School & easy access to Downtown, Shopping, Restaurants. Maintenance-free yard with beautiful hedges. House is facing East for morning sun & west facing yard for afternoon sun. Perfect for families with kids who are looking for a friendly, quiet neighborhood. Investor potential for new home w laneway or as part of an assembly! Call now before it is gone!!
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A new property at 2220 NO. 4 RD in Richmond.
Newly renovated 2,108 sq ft 1/2 Duplex in Bridgeport. GREAT FOR LARGE FAMILY! Laminated hardwood flooring. New kitchen and bathroom, new paint. 5 Bedrooms, 3 Baths, single garage w bluetooth opener and 4 outside parking places. Wood burning fireplace and vaulted ceiling in the living room. All appliance are new and boiler has been replaced in 2013 as well as water tank, 6 year old asphalt roof. Close to school, shopping and transportation. Separate in-law suite. 10 Minutes to Vancouver, YVR airport and Highway. 15 min walk to Bridgeport Skytrain. Walk along the river path. Not to be missed!
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We have sold a property at 704 1030 BROADWAY W in Vancouver.
Bright & open 511 sq ft, move in ready! 1 bed/1 bath N/W facing unit with open balcony that comes with awesome city and water views. Suite features. Hardwood floors, In-Suite Laundry, gas stove, large flexspace/in unit storage, bike storage, gym & Fitness facilities. Walking distance from Canada line, bus stop to UBC, Granville Island, Shopping malls, Food market, Restaurants and Vancouver General Hospital. Available for immediate occupancy, rentals and pets allowed.
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A new property at 2220 NO. 4 RD in Richmond.
Newly renovated 2,108 sq ft 1/2 Duplex in Bridgeport. GREAT FOR LARGE FAMILY! Laminated hardwood flooring. New kitchen and bathroom, new paint. 5 Bedrooms, 3 Baths, single garage w/bluetooth opener and 4 outside parking places. Wood burning fireplace and vaulted ceiling in the living room. All appliance are new and boiler has been renovated in 2013 as well as heating system, 6 year old asphalt roof. Close to school, shopping and transportation. Separate in-law suite. 10 Minutes to Vancouver, YVR airport and Highway. 15 min walk to Bridgeport Skytrain. Not to be missed!
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A new property at 3529 PRINCE ALBERT ST in Vancouver.
This beautiful level 30 x 99 corner lot is located in the heart of FRASERHOOD! 6-Bedrooms and 3.5-Baths home, on a nice, quiet street. CORNER LOT! Close to shops, parks, playground, Charles Dickens Elementary and Tupper Secondary School & easy access to Downtown, Chinatown, & Metrotown. Maintenance-free yard with beautiful hedges. House is facing East for morning sun & west facing yard for afternoon sun. Perfect for families with kids who are looking for a friendly, quiet neighborhood. Investor potential for new home w/ laneway! Call now before it is gone!!
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We have sold a property at 305 48 RICHMOND ST in New Westminster.
Serenity at its best!! It’s like you have your own Botanical Gardens when you look out your floor to ceiling windows!!.. or your Large private Balcony .. or maybe it’s the panoramic impressive Fraser River view from your kitchen window!! NEW PRICE! BEAUTIFUL & SUNNY 1102 sf, 2 bdrm, 2 bath corner suite (no neighbours on 3 sides) in Gatehouse Place! Updates include laminate floors, newer blinds, oak kitchen with some newer appliances. Great Fraserview location. Close to bus routes, Sapperton Skytrain, Glenbrooke Ravine Trail for joggers & dog walkers alike.. 1 u/g parking & extra LARGE Locker. 1 rented extra parking. 2 cats or 1 dog ok. 19+ complex. Rainscreen done 2000. Roof done in 2008. Piping recently completed & paid for. Not to be missed!
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A new property at 2401 1000 BEACH AVE in Vancouver.
Excellent value at 1000 Beach! Sub-Penthouse across from Granville Island on prestigious Beach Ave. This home boasts floor-to ceiling windows overlooking False Creek, Downtown, and views of English Bay. Almost 1600ft of living space offering 2 bedrooms, both with walk in closets, open living/dining room, kitchen and eating area. Spacious layout with a cozy gas fireplace, AC and 9ft ceilings. Private Master bedroom has walk in closet and updated ensuite. Steps to fine restaurants, Granville Island, waterfront parks, beaches & everything downtown has to offer. Great location with up and coming Vancouver House amenities and shopping. Complex includes swimming pool, gym, squash court, hot tub, 24hr security and concierge services. 2 parking and locker complete this Waterfront home. OPEN HOUSE DEC 14TH 2-4PM.
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