For October 2014, a total of 12 units of strata homes, i.e. condos and townhouses, were sold in UBC.  This is a decrease from the 19 units that sold in September 2014, but equal to the 12 units that sold in October 2013.  The highest number of units sold in October in the last 4 years was in 2011, when a total of 22 homes were sold.

Of the 12 units that sold last month, 3 were 1-bedroom homes, 6 were 2-bedroom homes, and 3 units were 3-or-more bedroom homes.

If you are thinking about selling your UBC property and would like a private consultation, please feel free to give me, Len Diaz, a call anytime at 604-551-1323.

Sold units does not include single detached homes, pre-sale, under construction, and private (FSBO) sales.  All figures are taken from MLS.

Metro Vancouver home sales above average in October

VANCOUVER, B.C. – November 4, 2014 – 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 percent increase over the 2,922 sales in September 2014.

Last month’s sales were 16.6 percent 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 percent 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 percent increase compared to the 4,315 new listings in October 2013 and a 14.7 percent 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 percent decline compared to October 2013 and a 6.6 percent 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 percent 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 percent from the 1,067 detached sales recorded in October 2013, and a 60.9 percent increase from the 790 units sold in October 2012. The benchmark price for detached properties increased 7.9 percent from October 2013 to $995,100.

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

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

* Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West
Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam,
Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.

The real estate industry is a key economic driver in British Columbia. In 2013, 28,524 homes changed ownership in the Board’s area, generating $1.84 billion in economic spin-off activity and 13,977 jobs. The total dollar value of
residential sales transacted through the MLS® system in Greater Vancouver totalled $22 billion in 2013. The Real
Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their
companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more
information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit
www.rebgv.org.

For more information please contact:
Craig Munn, Assistant Manager of Communications
Real Estate Board of Greater Vancouver
Phone: (604) 761-8858
cmunn@rebgv.org

Bentwood swings by Peter Fortune (Grad 2014 SALA) and the UBC School of Architecture and Landscape Architecture(SALA)

Walking along the UBC campus Main Mall, you cannot miss one of three steam bent white oak swing installations, an idea created by SALA’s director, Leslie Van Duzer, to promote a fun public space on campus.  

The swings can be found here:

1)      Steps from the Owl Daycare on Main Mall (formerly - Barn Coffee Shop)

2)      Near the intersection of Main Mall and Agricultural Rd

3)      By the Millennium Pavilion near the roundabout at Main Mall and Memorial Rd 

Here’s Peter Fortune doing his regular maintenance work on the swings.  For more information on the swings you can email Peter at peterfortune23@gmail.com.

For September 2014, a total of 19 units of strata homes, i.e. condos and townhouses, were sold in UBC.  This is a decrease from the 36 units that sold in August 2014.  23 units were sold in September 2013, which is the highest number of homes sold for September since 2011.

Of the 19 units that sold last month, 2 were 1-bedroom homes, 12 were 2-bedroom homes, and 5 units were 3-or-more bedroom homes.

For a free private consultation to sell your home, please call me, Len Diaz, at 604-551-1323.

Sold units does not include single detached homes, pre-sale, under construction, and private (FSBO) sales.  All figures are taken from MLS.

For August 2014, a total of 36 units of strata homes, i.e. condos and townhomes, were sold in the UBC campus.  This is a big leap from the 28 units that sold in July 2014, and an even higher jump compared to the 26 units that sold in August 2013, making it the highest number of homes sold for the month of August in the last 4 years.

Of the 36 units that sold last month, 8 were 1-bedroom homes, 22 were 2-bedroom homes, and 6 units were 3-or-more bedroom homes.

For a free private consultation to sell your home, please call me, Len Diaz, at 604-551-1323.

Sold units does not include single detached homes, pre-sale, under construction, and private (FSBO) sales.  All figures are taken from MLS.

Once again, Vancouver comes in at #3 in Economist Intelligence Unit's World Liveability Ranking, with Toronto and Calgary coming in at #4 and #5 respectively, to give Canada 3 of the top 5 spots.  

•          A summary of the full report can be downloaded here. 

UBC ranks 37 in the world according to Shanghai Jiao Tong University-based Academic Ranking of World Universities (ARWU).  A jump of 3 spots from the same study last year, the UBC remains second overall Canadian University behind the University of Toronto and ahead of McGill in Montreal.  The study is highly scientific and takes into account the number of alumni and staff winning Nobel Prizes, published studies, highly cited researchers and more.

See the list here.

For July 2014, a total of 28 units of strata homes, i.e. condos and townhouses, were sold in UBC.  This is an increase from the 22 units that sold in June 2014, and an increase from the 20 units that sold in July 2013.  The highest number of units sold in July in the last 4 years was in 2011, when a total of 33 homes were sold.

Of the 28 units that sold last month, 6 were 1-bedroom homes, 13 were 2-bedroom homes, and 9 units were 3-or-more bedroom homes.

If you are thinking about selling your UBC property and would like a private consultation, please feel free to give me, Len Diaz, a call anytime at 604-551-1323.

Sold units does not include single detached homes, pre-sale, under construction, and private (FSBO) sales.  All figures are taken from MLS.

For June 2014, a total of 22 units of strata homes, i.e. condos and townhouses, were sold in UBC.  This is a decrease from the 26 units that sold in May 2014.  32 units were sold in June 2013, which is the highest number of homes sold for June since 2011.

Of the 22 units that sold last month, 4 were 1-bedroom homes, 11 were 2-bedroom homes, and 7 units were 3-or-more bedroom homes.

For a free private consultation to sell your home, please call me, Len Diaz, at 604-551-1323.

Sold units does not include single detached homes, pre-sale, under construction, and private (FSBO) sales.  All figures are taken from MLS.

Canada ranks #4 in the Economist Intelligence Unit’s latest Business Environment Rankings (BER) of the world’s most investor-friendly country.

•          A summary of the full report can be downloaded here.