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We have just sold a property at 116 18TH AVE W in Vancouver.
First time on the market in over 30 years, here is your chance to update & renovate the classic Vancouver Special. Located on an excellent street in sought after Cambie Village location. Easy access to Cambie stores, theatre, restaurants, parks and transportation. Trendy Main Street is also only a short walk away. Sunny south side 33x122 RS-7 lot, offers perfect development opportunities. 3 bedrooms & 2 bath up, 2 bedrooms & 1 bath down. Currently rented both up & down offering solid income as a holding property. Newer high efficiency furnace and metal roof. Call for further info.
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We have just sold a property at 233 6th AVE W in Vancouver.
DOUBLE PLAY! Be the first to view this phenomenal 3 level character home which also allows for the business uses due to it's I-1 industrial zoning. This home offers 3 bedroom up plus a den on the main level. You will enjoy the benefits of the separate studio building at the rear of this 24.75 x 121.9 foot lot.
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We have just listed a new property at 116 18TH AVE W in Vancouver.
First time on the market in over 30 years, here is your chance to update & renovate the classic Vancouver Special. Located on an excellent street in sought after Cambie Village location. Easy access to Cambie stores, theatre, restaurants, parks and transportation. Trendy Main Street is also only a short walk away. Sunny south side 33x122 RS-7 lot, offers perfect development opportunities. 3 bedrooms & 2 bath up, 2 bedrooms & 1 bath down. Currently rented both up & down offering solid income as a holding property. Newer high efficiency furnace and metal roof. Call for further info.
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We have just listed a new property at 116 18th AVE W in Vancouver.
JUST LISTED: Prime Cambie Village Location - VANCOUVER SPECIAL !
Price: $1,499,000
First time on the market in over 30 years, here's your chance to update and renovate the classic Vancouver Special. Located on an excellent street in sought after Cambie Village location. Easy access to Cambie stores, theatre, restaurants, parks and transportation. Trendy Main Street is also only a short walk away. Sunny south side 33x122, RS-7 lot offers perfect development opportunities. 3 bedrooms 1.5 baths up, 2 bedrooms, 1 bath down. Currently rented both up & down offering solid income as a holding property. Newer high efficiency furnace and metal roof.
Call for further info.
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BC Home Sales Forecast to Rise Through 2016

BCREA 2015 First Quarter Housing Forecast Update


Vancouver, BC – February 11, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 First Quarter Housing Forecast Update today.


 "Stronger economic conditions both at home and abroad combined with favourable interest rates and population growth are expected to bolster housing demand over the next two years,” said Cameron Muir, BCREA Chief Economist. “After a year in which housing demand ratcheted higher across the province, the retrenchment of oil prices is expected to attenuate housing demand in some regions while bolstering it in others."

 

Multiple Listing Service® (MLS®) residential sales in British Columbia are forecast to rise 2.4 per cent to 86,050 units this year and a further 3.9 per cent to 89,400 units in 2016. The ten-year average is 82,100 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.  


The average MLS® residential sales price is forecast to rise 4.5 per cent to $594,000 this year, with most of the upward pressure being exhibited on the South Coast. Elevated consumer demand is expected to be partially offset by resale inventories and additions to the housing stock in 2016. As a result, the average MLS® residential sales price is forecast to increase by 2.4 per cent to $608,500 next year.

 

Source: BCREA

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Canadian and US Employment - February 6, 2015

The Canadian economy gained 35,000 thousand jobs to start 2015 while the national unemployment rate declined 0.1 points to 6.6 per cent. Stronger than expected job growth to start the year and rebounding oil prices may prompt a rethink among those expecting a second rate cut by the Bank of Canada in March.

In BC, employment was up by 6,700 jobs in January. Full-time employment was particularly strong for a second consecutive month, rising by 12,800 while part-time employment declined 6,100. The provincial unemployment rate ticked 0.1 points higher to 5.6 per cent as the additions to people looking for work outnumbered job growth.

In the United States, the labour market continues to gain strength.  January payroll growth registered 257,000 jobs while previous months estimates were revised higher by a combined 147,000 jobs. The 
US unemployment rate rose to 5.7 per cent due to an expanding labour force.


Source: BCREA (British Columbia Real Estate Association).

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