Vancouver Real Estate Blog

Luxury Housing Sales Surge Forward In most Canadian Urban Centres Except Vancouver Reports Re/max

Over 60% of the market set new records in the 1st quartet.

However Vancouver plugged 31%

Several factors have worked together to fuel the surge in demand for high end properties in 2012: 1) Equity gains

          2) Stock market Volatility

          3) Immigration

          4) Changing Fortunes

          5) Rebounding In Global Wealth

 

To read the media release by Re/Max visit the link below:

 

http://www.remax.ca/miscellaneous/REMAX%20MEDIA%20REPORTS/REMAXupperend2012.WCpr.FNL.pdf

Re/Max Crest Realty Westside As Part Of Metro Vancouver Properties Won #1 Re/Max Sales Group WORLDWIDE

Mitchell Mingie has announced that we did it again!!

  #1 RE/MAX Sales Group WORLDWIDE!

For the 3rd year in a row we are ranked as the best Multi-Office Sales Volume in all of RE/MAX world-wide! This is an unprecedented achievement that all of our Sales Agents should be proud of!

Since this 2009 trophy was first awarded we have been the #1 Multi-Office Sales volume producers. Congratulations to each and every one of you!

Re/Max - Raised More Than $100 Million Dollars For Children's Miracle Network Hospitals

Re/max associates are the driving force behind the $100 Million dollars raised since 1092. Here are just some of the important purchases possible with $100 Million.

- 200,000,000 preemie - size diapers,

-25,000,000 baby blankets,

-20,000 pediatric wheelchairs,

-1,786 Giraffe OmniBed incubators,

-1,370 year long rounds of cancer treatment,

- 432 bone marrow transplants.

While I write this blog, I have behind me a Certificate of Appreciation from Children's Miracle Network that Mitchell Mingie received. It is a constant reminder to me that all children, no matter where they are need our help.

Re/Max Housing Market Outlook Report For 2012 - Forecast

Balanced conditions set to return to most Canadian housing markets in 2012, while residential values expected to once again set new records, says RE/MAX

Kelowna, BC (December 6, 2011) – Canadian residential real estate defied conventional logic and outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012 as Canadians continue to demonstrate their faith in homeownership, despite concerns over the European debt crisis and its impact on the global economy, according to a report released today by RE/MAX.

The RE/MAX Housing Market Outlook 2012 examined trends and developments in 26 major markets across the country. Eighty-eight per cent (23/26) anticipated average price increases by year-end 2011—with percentage hikes ranging from one to 16 per cent. The forecast for 2012 shows the upward trend moderating, but still ahead of 2011 figures. Overall home sales are expected to remain on par or ahead of last year’s levels in 85 per cent (22/26) of markets in 2011—including Saskatoon with a year-over-year percentage increase of 13 per cent and an eight per cent uptick in Calgary, Winnipeg, Hamilton-Burlington and Sudbury. Almost half of Canadian markets will match the 2011 performance, while the remainder should post increases ranging from one to five per cent next year.

By year-end, an estimated 460,000 homes are expected to change hands, up three per cent from the 447,010 units reported in 2010. Sales are expected to climb one per cent to 464,500 units in 2012. The value of a Canadian home is set to climb to $363,000 by year-end—an increase of seven per cent over the $339,030 posted one year ago. By year-end 2012, the average price in Canada is forecast to appreciate two per cent to $371,000.

“What 2011 proves is that real estate continues to have momentum,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “The economic underpinnings support ongoing demand, particularly as job creation efforts continue and unemployment rates edge down further. Nationally, we remain on an upward track, and the confidence consumers have demonstrated in housing over the past decade will prove well founded once again next year.  The rising belief in homeownership is key, especially among Generation X and Y—some of whom are making their moves sooner.  Boomers and retirees are changing, too. They’re healthier and more active, with longer life expectancy.  Overall, we’re seeing an extension of the homeownership cycle, and it’s great news for housing going forward.”

Improvement in both provincial and local economies, especially during the second half of 2012, should serve to further stimulate homebuying activity.  Calgary, Saskatoon, and Halifax-Dartmouth will likely lead the country in unit sales in 2012, each with a projected increase of five per cent.  Regina, Greater Toronto, Saint John, Moncton, and St. John’s anticipate a three per cent increase in home sales next year.

“Canadian consumers are intent on making their moves now, in advance of higher housing values,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada.  “Housing markets are not impervious to the impact of economic concerns moving forward, but real estate has proven its resilience time and again—2011 was case in point, as residential real estate markets actually experienced an upswing in the volatile third and final quarters, instead of responding to economic concerns both here and abroad with a retreat in sales and prices.”

While tighter supply levels contributed to steady price appreciation in most major markets across Canada this year, an increase in inventory more in line with years previous should ease upward pressure on average price in the year ahead.  The highest appreciation is expected in Regina, where values are forecast to increase eight per cent, followed by Greater Toronto, Halifax-Dartmouth, and St, John’s—each posting a five per cent gain. Overall, 81 per cent of the markets examined are forecast to set new records for average price next year.  Noteworthy milestones include Greater Vancouver, which will break the $800,000 threshold, as well as Regina and Kitchener-Waterloo, which will reach the $300,000 mark.

“While prices will remain on the upswing, buyers will benefit from greater selection moving forward,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec.  “Stability or modest growth will characterize sales activity, while GDP moves forward at a more muted pace in 2012.  Whether markets will meet or potentially exceed projections will hinge largely on consumer confidence.  An unexpected call for interest rate hikes could also serve to bolster sales.”

Other highlights include:

• Population growth and immigration are major factors expected to prop-up housing demand and household formation in the coming years.  Since 2000, Canada’s population has experienced double-digit growth of 11 per cent.  By 2031, over 42 million people are expected to call Canada home.
• Investment will also continue in Canada’s major centres, with income producing properties at the top of the most wanted list.  Low vacancy rates and stock market volatility reinvigorated this segment of the market in 2011 and the very same factors are forecast to influence sales moving forward.
• Condominiums are expected to gain an increasing share of the marketplace, particularly in Western Canada and Ontario.  A focus on higher density urban growth is impacting purchasing patterns and introducing new, affordable options—critical to the attainability of homeownership as price continue to move upward.
• Housing stock in major Canadian centres will improve as municipalities focus on redevelopment and revitalization

 

RE/MAX Launches True Global Real Estate Listing Site: www.global.remax.com Offers Customized Search of More Than 60 Countries

(Denver, CO) – RE/MAX, LLC, the recognized real estate leader, has launched a new website, www.global.remax.com, the first truly global resource for consumers, with hundreds of thousands of home listings in countries around the world. The site features customized search tools that allow buyers to search for properties in 30 languages, translate currencies and find the latest international real estate news. At launch, the site will contain listings from Brazil, France, Italy, India, Portugal, the United States, Canada, Italy and New Zealand – a total of more than 60 countries and territories around the world. READ FULL STORY!

Click HERE to watch the YouTube Video anouncing the new global site!

35,000 Homes - Listings For Free On Your ipad - Re/Max App

RE/MAX of Western Canada’s FREE mobile app is now available to download on iTunes, making property searches user friendly and enjoyable. Consumers searching for residential properties in Western Canada now have the ability to carry in their pocket easy access to customizable searches for local listings, agents and offices.

With over 35,000 listings, every Western Canada property that is listed on www.remax.ca can be seen on the RE/MAX mobile app. Along with the convenience of searching for properties on their phone, the RE/MAX app gives its customers advanced search capacities by allowing customizable searches through Google Maps or detailed easy to read lists. The consumer can further modify their search by searching properties by price and/or number of bedrooms.

Noel Nissen, IT Services Coordinator  with RE/MAX Western Canada comments, “We are very excited with the easy to use interface.  Users will really enjoy the speed of the app and the positive search experience provided.”

Once a customer finds a property that interests them the RE/MAX app allows them to save the property in a list of ‘Saved Listings’, making it easy to pull up and display. The app also has over 5,500 Western Canadian RE/MAX Agents and 240 RE/MAX offices that can searched and referenced through this application. 

Re/Max Of Western Canada Sales Figures - Mitchell Mingie

What Can I say that these figures don't already say...We Are #1.

Re/Max Way Out In Front - Still Canada's Number One Company Takes 137 Spots Out Of 200

Mitchell Mingie has been a Real Estate Agent in Vancouver for 17 years. The last 12 years have been with Re/Max in Vancouver with Re/Max Crest realty(Westside). Did you know that out of the Top 200 Real Estate Brokerages in Canada Re/Max had 137 of the top positions.

 I came across another interesting stat that says that Re/Max Sells over 33% of all residential homes in Canada. Just think of how many other Real Estate Companies are out there. As I have always said, it's the training that goes on behind the scenes that makes Re/Max Agents  world leaders in selling and buying homes. As the adds says "Nobody sell More Real Estate than Re/Max". The report was from Real Trends - Canadian Top 200 Brokerages Report based on closed 2010 transactions.

http://www.remax-western.ca/blog/wp-content/uploads/2011/06/REM_top-200_page_1_HR.pdf

 

 

Re/Max Western Canada sales Volume Year to Date $4.58 Billion

Re/Max Western Canada with it's 5,915 sales associates and 246 offices has had 11,678 transactions year to date with over $4.58 billion in sales year to date.

Re/Max Market Share based on MLS Stats for 2009

Throughout Greater Vancouver the Re/Max sign can be seen on 22.8% of all properties. West Vancouver has a 19.9% occupancy rate for Re/Max. The Capital of our province Victoria has a 24.3% rate for all homes bought and sold in the capital. Whistler a place where everyone loves to ski or hang out, including me has a dominate Re/Max presents of 37.6%. All these figures are based on actual sales on MLS from 2009. I will be interested to see what this years stats will show. When they are available, I will post them for you.