Posted on
September 26, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 10 1135 EWEN AVE in New Westminster.
NEW, MOVE IN READY 2 &. 3 BEDROOM TOWNHOMES FROM $314,900. Centrally located in BC's Lower mainland English Mews in New Westminster's Queensborough community puts you within walking distance of rapid transit, schools and parksEnjoy shopping and restaurants at Queensborough Landing Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung / Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Limited time pricing on move in ready homes.
Posted on
September 26, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 3 1135 EWEN AVE in New Westminster.
NEW, MOVE IN READY 2 &. 3 BEDROOM TOWNHOMES FROM $314,900. Centrally located in BC's Lower mainland English Mews in New Westminster's Queensborough community puts you within walking distance of rapid transit, schools and parksEnjoy shopping and restaurants at Queensborough Landing Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung / Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Limited time pricing on move in ready homes.
Posted on
September 5, 2012
by
Bob Sethi (RE/MAX Westcoast)
Posted in
apartment, apartments, attached, BC Real Estate, BC Real Estate Association, benchmark, benchmark price, British Columbia, first time homebuyer, Housing Price Index, HPI, Metro Vancouver, residential property, Richmond Real Estate, South Arm, vancouver real estate rebgv statistics buying selling average prices market conditions
Home sellers continue to outnumber buyers in Greater Vancouver’s summer housing market
Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.
August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711.
“Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue to see relative stability when it comes to prices,” Eugen Klein, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,044 in August. This represents a 13.7 per cent decline compared to August 2011 when 4,685 properties were listed for sale on the MLS® and a 15.8 per cent decline compared to the 4,802 new listings in July 2012.
“For sellers it’s critical to work with your REALTOR® to understand today’s market and to develop the best strategy for selling your home,” Klein said. “On average it’s taking about two months for a home to sell on the MLS® in Greater Vancouver today.”
At 17,567, the total number of residential property listings on the MLS® increased 13.8 per cent from this time last year and declined 2.8 per cent compared to July 2012.
“Today, our sales-to-active-listings ratio sits at 9 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.
The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver is $609,500. This represents a decline of 0.5% compared to this time last year and a decline of 1.1% compared to last month.
Sales of detached properties on the MLS® in August 2012 reached 624, a decrease of 38.8 per cent from the 1,020 detached sales recorded in August 2011, and a 30.1 per cent decrease from the 893 units sold in August 2010. The benchmark price for detached properties increased 0.2 per cent from August 2011 to $942,100.
Sales of apartment properties reached 725 in August 2012, a 24.1 per cent decrease compared to the 955 sales in August 2011, and a decrease of 22.5 per cent compared to the 935 sales in August 2010. The benchmark price of an apartment property decreased 0.9 per cent from August 2011 to $370,100.
Attached property sales in August 2012 totalled 300, a 25.6 per cent decrease compared to the 403 sales in August 2011, and a 19.8 per cent decrease from the 374 attached properties sold in August 2010. The benchmark price of an attached unit decreased 1.9 per cent between August 2011 and 2012 to $462,300.
real estate board of greater vancouver. all rights reserved.
Posted on
July 14, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 7 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES. Introducing English Mews in New Westminster's growing Queensborough neighborhood. centrallylocated in BC's Lower Mainland and walking distance to rapid transit, schools and parks. Enjoy shoppng and restaurants at Queensborough Landing Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons (plus more), Starlight Casino and Lowes,. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood laminate floors, security system and gas BBQ hookup. Ask about our limited time No Mortgage Payments for 1 year! Open daily 12-5pm (except Friday), 1211 Ewen Ave, New Westminster.
Posted on
July 14, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 3 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES. Introducing English Mews in New Westminster's growing Queensborough neighborhood. centrallylocated in BC's Lower Mainland and walking distance to rapid transit, schools and parks. Enjoy shoppng and restaurants at Queensborough Landing Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons (plus more), Starlight Casino and Lowes,. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood laminate floors, security system and gas BBQ hookup. Ask about our limited time No Mortgage Payments for 1 year! Open daily 12-5pm (except Friday), 1211 Ewen Ave, New Westminster.
Posted on
June 21, 2012
by
Bob Sethi (RE/MAX Westcoast)
Posted in
Canada, CMHC, Conserative, economy, Flaherty, Genworth, Government, Harper, housing, insurance, mortgage, rules
HARPER'S CONSERVATIVE GOVERNMENT
TIGHTENING MORTGAGE RULES - AGAIN!
The Conservative Government is once again tightening rules for government-backed insured mortgages. Changes which are leaving many in the industry puzzled given the positive market data concerning Canada's housing market and economy. The effects of these new mortgage insurance rules will be watched closely by the housing industry and Canadian homebuyers.
If you've already bought, or are thinking of buying, you still have time to qualify on the existing rules. Mortgage insurance applications received before June 21st, 2012 for binding purchase and sale agreements will be under the 'old' rules. Applications received between June 21st, 2012 but before July 9th, 2012 that do not conform to the new rules must be funded by December 31st, 2012. For full clarification I recommend you talk to a mortgage lending representative. If you don't have one please let me know and I will recommend one for you.
Interested in reading the Government's official announcements? See the following links:
Official press release made this morning @ http://www.fin.gc.ca/n12/12-070-eng.asp; and
I'll be posting more information as it becomes available. Should you or anyone you know have any questions please feel free to contact me directly.
- Bob
Posted on
June 20, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have sold a property at 12 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES. New homes in quiet, family friendly neighborhood backing onto park, 2 schools and steps to Garden City Park. Walking distance to Downtown Richmond's shops & entertainment. Sophisticated finishes & 7-piece appliance package. PRICE INCLUDES NET HST! Only two homes left - call today!
Posted on
June 17, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have sold a property at 11 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES. New homes in quiet, family friendly neighborhood backing onto park, 2 schools and steps to Garden City Park. Walking distance to Downtown Richmond's shops & entertainment. Sophisticated finishes & 7-piece appliance package. PRICE INCLUDES NET HST! Only two homes left - call today!
Posted on
June 17, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have sold a property at 2 1135 EWEN AVE in New Westminster.
NEW 2 & 3 BEDROOM TOWNHOMES FROM $329,900. Own for as little as $899/month* with our limited time MORTGAGE BUYDOWN promotion. Centrally located Queensborough walking distance to schools, parks, restaurants, shopping at QueensboroughLanding, Lowes plus entertainment at Starlight Casino. High-end finishes including 7-piece Samsung / Maytag appliance package, quartz countertops, wood-laminate floors, crown moldings, security system and gas BBQ hookup. PRESENTATION CENTRE open daily 12-5pm (except Friday) located at 1211 Ewen Avenue, New Westminster.
Posted on
June 6, 2012
by
Bob Sethi (RE/MAX Westcoast)
Posted in
AB, Alberta, BC, BC Real Estate Association, British Columbia, bubble, Cameron Muir, Central Interior, economy, First Time Homebuyers Tax Credit, HST, Interior, Kamloops, Lower Mainland, North, real estate, Sauder School of Business, transition, Tsur Somerville, UBC, Vancouver, West Coast
Bubble? What Bubble?
Alberta homebuyers eyeing B.C. again
British Columbians love talking about their real estate.
And nowhere is that topic hotter than in the Lower Mainland and Vancouver, where average housing prices upward of $700,000 are not uncommon.
Yet in the wake of recent news reports about a housing market swoon on the West Coast due to price plunge headlines, the talk of a housing bubble has popped up yet again.
The average residential price in B.C. dropped 10.9 per cent in April compared to a year ago to $532,855, but B.C. Real Estate Association Cameron Muir says that decline was offset by a 14 per cent increase in the rest of the province.
He says Kamloops, the Okanagan and the North all posted double-digit increases in home sales compared to levels one year ago.
Bourassa credits a few things for spurring the current increase, which she describes as slow but steady, such as the First Time Homebuyers’ tax credit and HST transition measures announced by the provincial government earlier this year, as well as a generally robust resource economy – she notes there are five mines in the Central Interior – and homebuyers from Alberta.
UBC Sauder School of Business real estate economist Tsur Somerville also notes the Interior and the North are doing better than the Lower Mainland lately.
“A lot of that is being driven by the second home purchase market in Alberta,” he says.
Those areas are popular for Albertans who purchase vacation properties and with that province’s economy recovering, more consumers are thinking about buying in B.C., Somerville said.
He points out the B.C. market now is very different form one or two years ago, as high-end market sales and the foreign source of wealth market have both slowed down.
Somerville doesn’t think British Columbians needs to worry about a housing market bubble.
“I never thought there was a bubble to begin with,” he says.
While there’s a lot of inventory in the new-home market, there are locations with a lot of starts happening, he notes.
Despite a lot of inventory – depending on where you live in the province – Somerville doesn’t go so far as to say B.C. is experiencing a buyer’s market.
“When average prices are in excess of $700,000, I don’t think you can really say it’s a buyer’s market,” he says.
He advises potential homebuyers not to base big decisions on what the market may or may not be doing.
“If you’re buying real estate for yourself to live in, I think you need to do that based on your life cycle and not try to time it with the market.”
When you get listings to sales ratios rising, consumers don’t have to approach the market with as much anxiety and can take their time to choose a product they really love, he says.
In the Central Interior, “Everybody’s cautiously optimistic” the housing market will continue to move, Bourassa said.
Excerpted from BCHomesmag.com. Article written by Tricia Leslie.
Posted on
June 5, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 14 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English Mews in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower Mainland and walking distance to rapid transit, schools and parks.Enjoy shopping and restaurants at Queensborough Landing (Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Ask about our limited time No Mortgage Payment For 1 Year!
Posted on
June 4, 2012
by
Bob Sethi (RE/MAX Westcoast)
Posted in
apartment, benchmark, condominium, detached, Eugen Klein, Greater Vancouver, housing, HPI, May, Real Estate Board of Greater Vancouver, REBGV, residential property, sales, statistics, townhome, Vancouver
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Spring activity remains balanced in the Greater Vancouver housing market
The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Service® (MLS®) in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.
May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May sales average of 3,617. However, sales have been constant throughout the spring months, with 2,874 sales in March and 2,799 sales in April.
“Home sellers have outpaced buyers in recent months, however, there continues to be an overall balance between supply and demand in our marketplace,” Eugen Klein, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,927 in May 2012. This represents a 16.8 per cent increase compared to May 2011 when 5,931 homes were listed for sale and a 14.4 per cent increase compared to April 2012 when 6,056 homes were listed for sale on the region’s MLS®.
Last month’s new listing total was 15.3 per cent above the 10-year average for listings in Greater Vancouver for May.
At 17,835, the total number of homes listed for sale on the region’s MLS® increased 7.9 per cent in May compared to last month and increased 21 per cent from this time last year.
“Our sales-to-active-listing ratio sits at 16 per cent, which is indicative of balanced market conditions,” Klein said. “As a result of this stability, home prices at the regional level have seen little fluctuation over the last six month.”
The MLS® HPI benchmark price* for all residential properties in Greater Vancouver currently sits at $625,100, up 3.3 per cent compared to May 2011 and up 2.4 per cent over the last three months. The benchmark price for all residential properties in the Lower Mainland** is $558,300, which is a 3 per cent increase compared to May 2011 and a 2.3 per cent increase compared to three months ago.
Sales of detached properties on the MLS® in May 2012 reached 1,180, a decline of 24.8 per cent from the 1,570 detached sales recorded in May 2011, and a 6.1 per cent decrease from the 1,256 units sold in May 2010. The benchmark price for detached properties increased 5.1 per cent from May 2011 to $967,500.
Sales of apartment properties reached 1,156 in May 2012, a decline of 5.9 per cent compared to the 1,228 sales in May 2011, and a decrease of 14.6 per cent compared to the 1,354 sales in May 2010.The benchmark price of an apartment property increased 1.7 per cent from May 2011 to $379,700.
Townhome property sales in May 2012 totalled 517, a decline of 10.7 per cent compared to the 579 sales in May 2011, and a 5.3 per cent decrease from the 546 townhome properties sold in May 2010. The benchmark price of a townhome unit increased 0.9 per cent between May 2011 and 2012 to $470,000.
*Editor’s Note: Benchmark prices underwent a re-calculation this month in order to more accurately reflect trends measured by the MLS® Home Price Index. There were no changes to the calculation of index values.
This re-calculation involved aggregating benchmark prices using the sales weighted approach for the reference period (i.e. January 2005) and thereafter linking movements in aggregate benchmark prices to their corresponding MLS® HPI.
Spotlight on Greater Vancouver home prices:
Detached
|
Home price measure |
May 2012 |
1 month change % |
6 month change % |
1 year change % |
|
MLS® HPI benchmark price |
$967,500 |
+0.4% |
+3.4% |
+5.1% |
|
Average price |
$1,073,018 |
-4% |
-5.4% |
-12.2% |
|
Median price |
$847,750 |
-3.7% |
-0.03% |
-5.4% |
Townhome
|
Home price measure |
May 2012 |
1 month change % |
6 month change % |
1 year change % |
|
MLS® HPI benchmark price |
$470,000 |
-0.3% |
+1.3% |
+0.9% |
|
Average price |
$551,445 |
-4.9% |
-2.1% |
-0.2% |
|
Median price |
$505,000 |
-0.8% |
-0.6% |
+2.5% |
Condominium
|
Home price measure |
May 2012 |
1 month change % |
6 month change % |
1 year change % |
|
MLS® HPI benchmark price |
$379,700 |
+1.1% |
+3% |
+1.7% |
|
Average price |
$460,761 |
+3.4% |
+6.7% |
-1.1% |
|
Median price |
$379,950 |
+1.3% |
+4.1% |
-1.3% | | |
Copyright© real estate board of greater vancouver. all rights reserved. The methodology, available at www.homepriceindex.ca, will be updated later this week. **Lower Mainland: Includes areas covered by the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board.
Posted on
May 8, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 5 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English Mews in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower Mainland and walking distance to rapid transit, schools and parks. Enjoy shopping andrestaurants at Queensborough Landing (Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Ask about our limited time No Mortgage Payment For 1 Year!
Posted on
May 3, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 17 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English News in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower Mainland and walking distance to rapid transit, schools and parks. Enjoy shopping and restaurants at Queensborough Landing (Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for you and family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Ask about our limited time Mortgage Buydown to OWN FROM $899/month*. GRAND OPENING SATURDAY, MARCH 17th.
Posted on
May 2, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 11 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES. New homes in quiet, family friendly neighborhood backing onto park, 2 schools and steps to Garden City Park. Walking distance to Downtown Richmond's shops & entertainment. Sophisticated finishes & 7-piece appliance package. PRICE INCLUDES NET HST! Only two homes left - call today!
Posted on
May 2, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 12 9580 ALBERTA RD in Richmond.
PARKSIDE ESTATES. New homes in quiet, family friendly neighborhood backing onto park, 2 schools and steps to Garden City Park. Walking distance to Downtown Richmond's shops & entertainment. Sophisticated finishes & 7-piece appliance package. PRICE INCLUDES NET HST! Only two homes left - call today!
Posted on
April 24, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 12 1135 EWEN AVE in New Westminster.
2 &. 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English Mews in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower mainland and walking distance to rapid transit, schools and parks.Enjoy shopping and restaurants at Queensborough Landing Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung / Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Ask about our limited time No Mortgage Payment For 1 Year!
Posted on
April 14, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 18 1135 EWEN AVE in New Westminster.
2 &. 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English Mews in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower mainland and walking distance to rapid transit, schools and parks.Enjoy shopping and restaurants at Queensborough Landing Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung / Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Ask about our limited time No Mortgage Payment For 1 Year!
Posted on
April 11, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 9 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English Mews in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower Mainland and walking distance to rapid transit, schools and parks. Enjoy shopping andrestaurants at Queensborough Landing (Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Limited time offer: No mortgage payments for 1 year - ask us how!
Posted on
April 11, 2012
by
Bob Sethi (RE/MAX Westcoast)
I have listed a new property at 8 1135 EWEN AVE in New Westminster.
2 & 3 BEDROOM TOWNHOMES FROM $329,900. Introducing English Mews in New Westminster's growing Queensborough neighborhood. Centrally located in BC's Lower Mainland and walking distance to rapid transit, schools and parks. Enjoy shopping andrestaurants at Queensborough Landing (Wal-Mart, Best Buy, Home Outfitters, Starbucks, Tim Hortons, plus more), Starlight Casino and Lowes. Developed by the Tien Sher Group of Companies, English Mews is the perfect home for your family including a 7-piece Samsung/Maytag appliance package, quartz countertops, wood-laminate floors, security system and gas BBQ hookup. Limited time offer: No mortgage payments for 1 year - ask us how!
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Surrey Real Estate
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tax deferment
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taxes
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terasen
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threshold
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towhomes
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townhome
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transition
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Tsur Somerville
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UBC
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va
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vancouver
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vancouver real estate rebgv statistics buying selling average prices market conditions
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Vancouver West
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Victoria
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water meter
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West Cambie
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West Cambie, Richmond Real Estate
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West Coast
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West Newton
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West Newton, Surrey
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West Newton, Surrey Real Estate
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Western Canada
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Westwind, Richmond Real Estate
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Whalley
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Whalley, North Surrey
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Whalley, North Surrey Real Estate
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WHL hockey RE/MAX
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yvr
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.