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We have just sold a property at 561 20TH AVE W in Vancouver.
This is the opportunity you've been waiting for. Great location in the heart of Cambie Village. Main floor features a fully renovated kitchen with stainless steel appliances, charming living room with cozy wood burning fireplace & formal dining room plus one bedroom or den and a full bath. Upstairs are 3 bedrooms + bath. Downstairs features an excellent 2 bedroom basement suite + laundry room. Tons of storage. Full 33' x 122' RS zoned lot with potential for future laneway home. Steps to Cambie Village shops & restaurants, Canada Line & easy walk to Douglas Park and Edith Cavell Elementary. Don't wait, call today!
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BCREA 2014 Fourth Quarter Housing Forecast

Vancouver, BC – November 18, 2014. The British Columbia Real Estate Association (BCREA) released its 2014 Fourth Quarter Housing Forecast today.

"Consumer demand has ratcheted up this year and is expected to remain at a more elevated level through 2015,” said Cameron Muir, BCREA Chief Economist. “While historically low mortgage rates support demand, the housing market is also being underpinned by a more robust economy and associated job growth, strong net migration and consumer confidence."

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 15.1 per cent to 83,900 units this year. Stronger economic conditions are expected to be somewhat offset by higher interest rates later next year, and keep home sales from advancing much further. As a result, MLS® residential sales are forecast to edge up a further 1.2 per cent to 84,900 units in 2015. The 15-year average is 80,400 unit sales and a record 106,300 MLS® residential sales were recorded in 2005.  

The average MLS® residential price for the province is forecast to increase 6 per cent to a record $569,800 this year and a further 1.2 per cent to $574,300 in 2015. “New construction activity is generally keeping pace with population and household growth, keeping supply in line with consumer demand,” added Muir. BC housing starts are forecast to increase 4.6 per cent to 28,300 units this year and a further 1.4 per cent to 28,700 units in 2015.

Source: BCREA (British Columbia Real Estate Association

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Vancouver, BC – November 14, 2014. The British Columbia Real Estate Association (BCREA) reports that a total of 7,648 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, up 14.6 per cent from October 2013. Total sales dollar volume was $4.4 billion, an increase of 22 per cent compared to a year ago. The average MLS® residential price in the province rose to $575,504, up 7.1 per cent from the same month last year.

 

“Consumer demand for housing continues at an elevated level,” said Cameron Muir, BCREA Chief Economist. “There were more homes purchased during the first ten months of the year than during all of 2013”. To the end of October, 73,001 homes have traded hands in the province compared to 72,936 for all of last year."

“Strong year-over-year increases in housing demand were experienced in Chilliwack (up 31 per cent), Victoria (up 21.9 per cent) and the Kootenay (up 19.4 per cent) market areas. Vancouver, Vancouver Island, the Fraser Valley and Okanagan Mainline also posted a marked increase in sales activity last month."

Year-to-date, BC residential sales dollar volume was up 23 per cent to $41.4 billion, compared to the same period last year. Residential unit sales were up 15.8 per cent to 73,001 units, while the average MLS® residential price was up 6.2 per cent at $566,687.

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Please visit our Open House at 561 20TH AVE W in Vancouver.
Open House on Sunday, November 16, 2014 2:00 pm - 4:00 pm
This is the opportunity you've been waiting for. Great location in the heart of Cambie Village. Main floor features a fully renovated kitchen with stainless steel appliances, charming living room with cozy wood burning fireplace & formal dining room plus one bedroom or den and a full bath. Upstairs are 3 bedrooms + bath. Downstairs features an excellent 2 bedroom basement suite + laundry room. Tons of storage. Full 33' x 122' RS zoned lot with potential for future laneway home. Steps to Cambie Village shops & restaurants, Canada Line & easy walk to Douglas Park and Edith Cavell Elementary. Don't wait, call today!
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We have just listed a new property at 561 20TH AVE W in Vancouver.
This is the opportunity you've been waiting for. Great location in the heart of Cambie Village. Main floor features a fully renovated kitchen with stainless steel appliances, charming living room with cozy wood burning fireplace & formal dining room plus one bedroom or den and a full bath. Upstairs are 3 bedrooms + bath. Downstairs features an excellent 2 bedroom basement suite + laundry room. Tons of storage. Full 33' x 122' RS zoned lot with potential for future laneway home. Steps to Cambie Village shops & restaurants, Canada Line & easy walk to Douglas Park and Edith Cavell Elementary. Don't wait, call today!
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Please visit our Open House at 561 20TH AVE W in Vancouver.
Open House on Saturday, November 15, 2014 2:00 pm - 4:00 pm
This is the opportunity you've been waiting for. Great location in the heart of Cambie Village. Main floor features a fully renovated kitchen with stainless steel appliances, charming living room with cozy wood burning fireplace & formal dining room plus one bedroom or den and a full bath. Upstairs are 3 bedrooms + bath. Downstairs features an excellent 2 bedroom basement suite + laundry room. Tons of storage. Full 33' x 122' RS zoned lot with potential for future laneway home. Steps to Cambie Village shops & restaurants, Canada Line & easy walk to Douglas Park and Edith Cavell Elementary. Don't wait, call today!
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Hey Vancouver.... it's time to vote. The November Civic elections are an important opportunity to shape how our city looks in the coming years.

 

Check out the candidates and make your choice.

 

Vancouver has a miserable record when it comes to municipal elections. Voter turnout has been the lowest of any major Canadian City. Check out the web site below for details on all the candidates and get out there and  vote! 

 


http://www.govotevancouver.ca/pledge

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Metro Vancouver home sales above average in October Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014. This represents a 14.9 per cent increase compared to the 2,661 sales in October 2013, and a 4.6 per cent increase over the 2,922 sales in September 2014.
 
Last month's sales were 16.6 per cent above the 10-year sales average for October.

"We've seen strong and consistent demand from home buyers in Metro Vancouver throughout this year. This has led to steady increases in home prices of between four and eight per cent depending on the property," said REBGV president Ray Harris.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,487 in October. This represents a four per cent increase compared to the 4,315 new listings in October 2013 and a 14.7 per cent decline from the 5,259 new listings in September.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,851, a 9.2 per cent decline compared to October 2013 and a 6.6 per cent decrease compared to September 2014.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,000. This represents a six per cent increase compared to October 2013.

"Detached homes continue to increase in price more than condominium and townhome properties. This is largely a function of supply and demand as the supply of condominium and townhome properties are more abundant than detached homes in our region," Harris said. 

Sales of detached properties in October 2014 reached 1,271, an increase of 19.1 per cent from the 1,067 detached sales recorded in October 2013, and a 60.9 per cent increase from the 790 units sold in October 2012. The benchmark price for detached properties increased 7.9 per cent from October 2013 to $995,100.

Sales of apartment properties reached 1,268 in October 2014, an increase of 15.5 per cent compared to the 1,098 sales in October 2013, and a 57.9 per cent increase compared to the 803 sales in October 2012. The benchmark price of an apartment property increased four per cent from October 2013 to $380,200.

Attached property sales in October 2014 totalled 518, a 4.4 per cent increase compared to the 496 sales in October 2013, and an 53.3 per cent increase over the 338 attached properties sold in October 2012. The benchmark price of an attached unit increased 4.7 per cent between October 2013 and 2014 to $479,500. 

Source: The Real Estate Board of Greater Vancouver
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