Vancouver Real Estate Blog

Kitsilano Beach in Vancouver

Last year, I blogged about how Vancouver's Kitsilano Beach was ranked as one of the top 10 city beaches in the world in Travel & Leisure Magazine. I like to talk about Kitsilano a lot because I live in Kits, a block from the beach and, having travelled around the world a lot when I was younger, I realize how amazing Vancouver is, especially Kits. 

If you're new to Vancouver, or planning a trip here, make sure you visit the Kits Beach! 

Kitsilano Home for Sale

This rare 1-bedroom condominium in a much sought-after building has been just listed for sale. This home is beautifully finished and is just one block from the fantastic Kitsilano Beach. View the video here and the photo gallery here.  If you want to see this home, please call me at (604) 551-5487.  

Vancouver Home Sales Jump 76% in June

According to the Real Estate Board of Greater Vancouver, home sales in Vancouver increased 75.6% in June 2009, compared to June 2008. That's great news for the Vancouver real estate market and reflects the type of increased interest we've seen from buyers in the marketplace.

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Canadian home resale prices rise

According to this report from Reuters, resale prices for Canadian homes rose to their highest average on record in May as consumer confidence strengthened. The increase was more favorable in British Columbia and Alberta. 

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BC Sales Climb in May

The British Columbia Real Estate Association reported that MLS listed residential home sales increased 3% last month compared to May 2008. It was the first year-over-year increase since December 2007. Last month was also the highest number of residential sales since April 2008 and it represented the 4th month in  a row of increased sales.  

Vancouver Townhome for Sale in Mount Pleasant Area

Fantastic 2-bedroom condominium for sale in key Mount Pleasant area of Vancouver. This modern, stylish and well-cared for home is in a nice, heritage-style building at 388 West 10th Avenue in Vancouver. Located about one block from the new Canada Line. It features:

• 2 bedrooms & 2 bathrooms
• 9 foot ceilings 
• hardwood floors 
• gas fireplace 
• modern chef's kitchen 
• 2 garden patios 
• large walk-in closet 

This home is well priced at only $593,000.   You can view the complete details of this fantastic home by browsing the photo gallery here and the video of this home here. 

Vancouver Condominium in Fairview Slopes For Sale

This bright and open 1-bedroom condominium in the much sought-after Fairview area has just been listed for sale. It's key location, at 910 West 8th Avenue, is ideal for busy professionals and is steps away from beautiful Charleson Park with easy walking access to Granville Island and the new Olympic Village area.  The key features of this home are:

• recent rainscreen of building
• gas fireplace 
• open living areas 
• common roof top deck with gorgeous city-wide views.  

This home is a rare find, listed at $324,900. It's features can be viewed here. 

The image of False Creek was taken by Thom Quine. 

More Positive Vancouver Real Estate Market News

There is more positive news on the Vancouver real estate market - this time from the Greater Vancouver Real Estate Board. According to recent sales statistics, an increase in buyer activity over the last four months has lessened the downward pressure on housing prices. 

The REBGV reports that the number of residential property sales in Vancouver totalled 3,524 in May 2009, an increase of 17.4% from May 2008. It also represents an increase of 18.9% compared to last month. 

Since the beginning of the year, the MLSLink® Housing Price Index benchmark price for all residential properties in Vancouver increased 4.5% to $506,201 from $484,211. 

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British Columbia Housing Market in Recovery

The British Columbia Real Estate Association (BCREA) reported today that housing market conditions have improved more rapidly than expected. 

As a result, BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average price in British Columbia for a residential home is forecast to decline 8% to $420,600 in 2009, instead of 13% originally forecasted at the beginning of the year. 

Residential sales are forecast to decline 12% this year as a result of a weak first quarter. However, stronger consumer demand is expected to continue for the balance of the year and through 2010. Residential sales in 2010 are forecast to climb 10%.

Average Price of Homes in BC Drops 12%

The average price of a residential home in British Columbia fell 12% in March 2009, compared with March 2008, according to the British Columbia Real Estate Association. But more interestingly, home sales in British Columbia increased 24% in March 2009 over the previous month, the second consecutive monthly increase. In terms of dollar volume, in March 2009, residential sales dollar volume declined 35% to $2.3 billion compared with the same month last year. The average price of a residential home in the province is now $424,122.