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Month: July 2009

by Maggie Chandler Maggie Chandler No Comments

Vancouver Hirise Condo Heritage Fight Looms

Vancouver City Hall is reviewing the height of condos in the heritage historic area of Downtown.

This information is taken from their website, view the maps  

 Key Physical Characteristics of the Historic Area.Building Form: Predominantly rectilinear in shape, the Historic Area’s building form reflects the economic, social, and architectural character of early Vancouver, with most buildings constructed between 1886 and 1920. Older buildings have fine-grained detailing and ornamentation, and use rich building materials. Ground floor uses are primarily pedestrian oriented, with a variety of uses on upper floors. Height: A variation of predominantly low to mid-rise (2 to 7-storey) buildings creating a “sawtooth” streetwall pattern, with a limited number of taller buildings.Density: The average density for the area is 3.4 floor space ratio (FSR)Lot Size: Most building lots are 25-33 feet wide by 120 feet deep, with some lots as wide as 75-100 feet.Streets: Two major corridors, Main Street and Hastings Street, connect the Historic Area to the rest of Vancouver. There are two noticeable shifts in the east-west street grid at Columbia Street and Cambie Street.Open Spaces: Public spaces in the area have a very urban character and are used by residents and for community celebrations. There are no large open spaces within the Historic Area boundaries, however, two large parks are nearby (Andy Livingstone Park and Oppenheimer Park).   Views and Natural Features: Burrard Inlet and the Port are to the north; modern high-rise development is to the south and west. Read more

by Maggie Chandler Maggie Chandler No Comments

Bank of Canada Predicts Growth to Resume this Quarter

This is the latest news release from the Bank of Canada

  • Global economic activity appears to be nearing its trough, and there are increasing signs that activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system.
  • However, this recovery is nascent. To sustain global growth, effective and resolute policy implementation remains critical.
  • The Bank has long expected that economic growth in Canada would resume in the second half of this year and pick up in 2010. Indeed, growth in Canada should resume this quarter. The dynamics of the recovery projected in today’s MPR are broadly consistent with the Bank’s medium-term outlook in April. Read more

by Maggie Chandler Maggie Chandler No Comments

Canadian Designers Show their Hottest Designs

Head down to the Scotia Bank Dance Centre (677 Davie Street) from August 21-23, 2009 for a chance to preview and shop the hottest designs of the season by Canadian designers.  The first 25 in line receive a gift bag that includes the latest copy of FASHION magazine.$5 at the door; $3 online in advanceFor more information visitAugust 21st: 5-9pm,August 22nd: 10am-7pm, August 23rd:  11am-6pm

did you know you can search for listings on this site? When you’re ready to buy or sell Vancouver real estate   contact Maggie Chandler, an experienced realtor marketing Vancouver real estate since 1981

this site is updated regularly, subscribe for FREE via RSS or email. the above information is deemed to be accurate but should not be relied upon


by Maggie Chandler Maggie Chandler No Comments

Vancouver OKs Secondary Suites in Vancouver Hirise Condos

Vancouver city council ok’s secondary suites in new Vancouver hirise condos in an effort to home affordability and to increase suites in the rental market. Think of it as a mortgage helper in your condo! Just like we have basement suites in houses.

This new addition to Vancouver condos will have to have its own bathroom and kitchen and its own entrance and can be as small as 280 sqft which could be relaxed by the Director of Planning to 205 sqft.

Vancouver City Hall expect it’ll be a year before we see the first one.

Good idea of bad? What’s your opinion?

 when it’s time to buy or sell Vancouver real estate, contact Maggie, an experienced realtor marketing homes since 1981. subscribe via RSS or email and keep up to date with vancouver’s changing market

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North June 2009

 Listings and sales in June were down from May. Vancouver real estate analysis for False Creek North in June saw listings down from 135 to 121 and are 60% less than a year ago. Sales dropped from 59 to 39. Days on the market down to 61.  The average selling price up substantially to $791,179  Average $ psf is up to $687 and is the highest for the year. The average supply of condos in this waterfront hood increased to 3 months, down from 13 months  in February and 17 in January. Six sales over $1 million. In March there were none over $1M. This neighbourhood now selling well under $1M.  The most number of sales were between  $700,000 & $1M.  See how bad things were in November.

Listings –  121. only 1 listing under $400,000.  10  listed between $400,000 & $500,000. 19  listed between $500,000 and $700,000. 38  listed between $700,000 and $1 million. 36 listed between  $1 & $2 million and 17 listed over $2 million. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Folk MusicFestival

Vancouver’s Folk Music Festival is an annual event held July 17-19 at Jericho Park and is celebrating its 32nd year!The event has 7 stages, great food, stunning views of Vancouver’s water and mountains. The festival’s “no star” policy means it rarely features famous folk singers but always has plenty of surprises and delights.

Check it out

View my other Events

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by Maggie Chandler Maggie Chandler No Comments

BC Real Estate Purchase Confidence Improving

A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving..Sponsored by the British Columbia Real Estate Association (BCREA), the May 2009 Mustel Group survey tracked several key measures asked in a January 2009 BCREA survey, including top affordability barriers and how provincial taxes impact BC homebuyers. It also uncovered new primary data on buyer intentions and energy-efficiency practices at home. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Downtown June 2009

Vancouver’s Downtown condo market saw listings up slightly to 437  and are the lowest since January 2008.  52 condos expired and came off the market(vs. 78 in Jan) and only 6 got relisted. Sales spiked from 117 to 176 and are by far the highest for the last 18 months.  Average days on the market for condos that sold dropped to 32. The average price for Downtown condos that sold is up to $421,929 but lower than a year ago. The average $ pr sq ft for condos that sold is up to $595 and is the highest for this year.  A whopping 83% of the sales were under $500,000 and only 2 over $1M. Downtown Vancouver only has a 2.4 months supply of condos (vs.16 months in October). Best selling price range is under $400,000. Market also tight between $400,000 to $500,000.  List price to sales price ratio now up to 98%

Listings -437. Least expensive $188,000 for 1 bd 558 sq.ft. ($356 pr sq ft).bank sale sold “as is, where is”. Most expensive –$3.4M assignment for the Atelier Penthouse on Robson (2700 sqft)

Listings Inventory –  32 listings Downtown under $300,000.  103 between $300K and $400K.  94 listings between $400K and $500K.  131 condos listed between $500K and $700K.  30 listed between $700,000 and $1M.  36 listed between $1M and $2M and 6 over $2M.

Supply – 1.4 months under $300,000 (down from 11 months in December).  1.3 months of inventory for Vancouver Downtown condos listed between $300,000 and $400,000.  2 months supply for condos listed between $400K and $500K .  5 months supply between $500K and $700K. 15 months between $700,000 & $1,00,000. 36 months between $1 & $2M and 6 months over $2M. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Market Analysis for Coal Harbour June 2009

Vancouver’s luxury waterfront neighbourhood of Coal harbour saw real estate sales and listings decrease in June, compared to May. It was the  best month since February 2008.  Days on market down 78 to 57.  Coal Harbour inventory dropped from 19 months in February to 5 months. The average sale price increased to  over $900,000 for condos that sold. List price to sale price ratio flat at 96% and up from 91% in January. Average $ pr sq ft for sold listings stable $757.  Between $500,000 & $1M is the best selling price range. The $1 to $2M is doing better. The luxury market over $2M still soft with 24 months of inventory.  Of the 16 listings that did not sell and expired, only 4 got relisted. In April there were 27 expired listings. Coal Harbour market is improving.

Listings -158.   18 listed under $400,000. 8 listed between $400,000 and $500,000.  47 listed between $500,000 and $1M. 36 listed between $1M and $2M and 48 listed over $2M.

50% are listed over $1M, down from 60% in February and up from 45% in January. Read more

by Maggie Chandler Maggie Chandler No Comments

BCREA Graph Shows Vancouver Homes Sales Climb for 5th Consecutive Month

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province rose 40 per cent to 9,970 units in June 2009 compared to the same month last year. Activity in the month of June marked the fifth consecutive month of rising sales and the highest level of activity since January 2008, on a seasonally adjusted basis. 

“Housing markets around BC continued to post higher sales in June, fuelled by attractive mortgage rates and lower prices,” said Bryan Yu, BCREA Economist. “The larger urban regions of Greater Vancouver and Victoria exhibited balanced market conditions in June, while others have recorded improved market stability. Stronger demand and a decline in home listings are stabilizing home prices in many BC markets.”

Year-to-date, MLS® residential sales dollar volume was down 20 per cent to $16.3 billion over the same period last year. A total of 36,329 units were sold in the first six months of 2009, down 15 per cent from 2008, while the average MLS® price declined 5 per cent to $448,381.

For more information, please contact: 

Cameron Muir Damian Stathonikos

when it’s time to buy or sell Vancouver real estate, contact Maggie, an experienced realtor marketing homes since 1981

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Kitsilano in June 2009

Kits condo market on fire! Vancouver real estate market analysis for Kitsilano condos saw June sales up and higher than any of the last 18 months.   Listings dropped to a low of 81.   Average price for solds increased to $421,000 which is higher than June last year.  Average Days on the market for sold condos dropped to 26, the lowest since Feb/Mar last year.  List price to sale price ratio rockets to 101%, first time its gone over 100% in the last year.   Average $ psf for sold condos up to $555, equal to September last year. June saw a bottom end market with only 20% of the sales over $500,000 & one over $600k. The entire Kits market under $600,000 is selling well.  Kits condo supply down from 9 months in January to 1.8 months. No market for Kits condos over $655,000. The one bedroom market is very tight with only 38 listings and 27 one bedroom sales in June. A huge 60% sold over list price.  Only 7 listings did not sell and came off the market. Where does it go from here? The market is lacking product. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Graph for June 2009

avg price jun 09

The average price of houses, townhouses and condos dipped slightly in June, compared to May. Prices have been rising since March. The graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present.  The Vancouver market peaked in 1981, 1990, 1995 and 2008. Vancouver condos didn’t appreciate much between 1990 and 2002 but they did between 2002 and 2008 and prices are back to where they were in mid to late 2006.  Both Listings and sales increased in June and the average sale price dipped slightly. Prices Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Sales for June 75% Higher than June 2008

REBGV just released Vancouver real estate numbers for June, as follows.

The combination of low interest rates and more affordable pricing helped propel Greater Vancouver home sale numbers to the second all-time highest total for the month of June.The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties increased 75.6 per cent in June 2009 to 4,259, from the 2,425 sales recorded in June 2008. The figure is just short of the record-breaking 4,333 sales which occurred in June 2005.New listings for detached, attached and apartment properties declined 17.9 per cent to 5,372 in June 2009 compared to June 2008, when 6,546 new units were listed. However, new listings increased 13.5 per cent from May to June of this year. Total active listings in Greater Vancouver currently sit at 13,252, down 27 per cent from June 2008 and 2.9 per cent below the active listings count at the end of May 2009.“Price reductions and low interest rates have created an improvement in affordability, which is causing the number of sales to rise to levels comparable to 2003 to 2007,” Scott Russell, REBGV president said. Read more

by Maggie Chandler Maggie Chandler No Comments

Happy Canada Day!

It’s Canada’s Birthday! When the British North American Act came into being on July l, 1867 Canada was born. There were places called Canada before official Confederation though. Jacques Cartier discovered it in 1535.We’re living in Vancouver, which is voted the Most Liveable City In The World! We’re also living in British Columbia, which the BC Government tells us is the Best Place on Earth!

Here’s what’s happening in Vancouver on July 1st  Lots of fun outdoors.

Here’s Wiki’s version of our history.

View other Vancouver events.

Share your Canada experience with us! I will be enjoying the rays on the Sunshine Coast. Have a wonderful day!

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