Office 604-602-1111

Email: bonnie@bonniehastings.com

Login \ Sign up

Blog

Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homes sold in May 2020.


Last month’s sales were 21.9 per cent below the 10-year June sales average.


“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Colette Gerber, REBGV Chair said “Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”


There were 5,787 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2020. This represents a 21.8 per cent increase compared to the 4,751 homes listed in June 2019 and a 57.1 per cent increase compared to May 2020 when 3,684 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,424, a 23.7 per cent decrease compared to June 2019 (14,968) and a 15.1 per cent increase compared to May 2020 (9,927).


“Much more of the real estate transaction is happening virtually today. Before considering an in-person showing, REALTORS® are helping potential buyers pre-screen homes more thoroughly by taking video tours, reviewing floorplans and an increased number of high-resolution images, as well as often driving through the neighborhood.”


For all property types, the sales-to-active listings ratio for June 2020 is 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“Home prices have remained steady with minimal fluctuation over the last few months,” Gerber said. “With increasing demand, REALTORS® have begun seeing multiple offers for homes priced competitively for today’s market.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,025,300. This represents a 3.5 per cent increase over June 2019 and a 0.3 per cent decrease compared to May 2020.

Sales and benchmark prices by property type

Sales of detached homes in June 2020 reached 866, a 16.1 per cent increase from the 746 detached sales recorded in June 2019. The benchmark price for a detached home is $1,464,200. This represents a 3.6 per cent increase from June 2019 and a 0.5 per cent increase compared to May 2020.


Sales of apartment homes reached 1,105 in June 2020, a 17.4 per cent increase compared to the 941 sales in June 2019. The benchmark price of an apartment property is $680,800. This represents a 3.6 per cent increase from June 2019 and a 0.8 per cent decrease compared to May 2020.


Attached home sales in June 2020 totalled 472, a 21 per cent increase compared to the 390 sales in June 2019. The benchmark price of an attached home is $790,800. This represents a 2.3 per cent increase from June 2019 and a 0.2 per cent decrease compared to May 2020.



GET THE FULL REPORT

Read full post


The May 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.


  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.



DOWNLOAD VANCOUVER EAST & WEST

Read full post

Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March.


The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019.


"Home prices have been stable during the COVID-19 period," Colette Gerber, REBGV Chair said. "While we’re seeing a variety of long-term projections for the market, it's critical to understand the facts and trends as they emerge."


Residential home sales in the region totalled 1,485 in May 2020, a 43.7 per cent decrease from the 2,638 sales recorded in May 2019 and a 33.9 per cent increase from the 1,109 homes sold in April 2020.

Last month’s sales were 54.4 per cent below the 10-year May sales average.


"Home sale and listing activity is down compared to typical, long-term levels and up compared to the activity we saw in April 2020," Gerber said. "Home buyers and sellers are adapting today, becoming more comfortable operating with the physical distancing requirements that are in place in the market."


There were 3,684 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2020. This represents a 37.1 per cent decrease compared to the 5,861 homes listed in May 2019 and a 59.3 per cent increase compared to April 2020 when 2,313 homes were listed.


"Home buyers and sellers are working with their REALTORS® to use new tools to complete different stages of the real estate transaction virtually," Gerber said. “When in-person interactions are necessary, we’re working with our clients to follow the physical distancing requirements set out by WorkSafeBC and the provincial health officer."


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,927, a 32.4 per cent decrease compared to May 2019 (14,685) and a 5.7 per cent increase compared to April 2020 (9,389).


For all housing types, the sales-to-active listings ratio for May 2020 is 15 per cent. By housing type, the ratio is 13.5 per cent for detached homes, 18.9 per cent for townhomes, and 14.8 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


Sales and benchmark prices by property type


Sales of detached homes in May 2020 reached 534, a 41.5 per cent decrease from the 913 detached sales recorded in May 2019. The benchmark price for detached properties is $1,456,700. This is a 0.3 per cent increase from April 2020, a 2.2 per cent increase over the past three months, and a 2.9 per cent increase compared to May 2019.


Sales of apartment homes reached 653 in May 2020, a 47.6 per cent decrease compared to the 1,246 sales in May 2019. The benchmark price of an apartment home is $686,500. This is a 0.3 per cent decrease from April 2020, a 0.9 per cent increase over the past three months, and a three per cent increase compared to May 2019.


Attached home sales in May 2020 totalled 298, a 37.8 per cent decrease compared to the 479 sales in May 2019. The benchmark price of an attached home is $792,700. This is a 0.2 per cent increase from April 2020, a 1.2 per cent increase over the past three months, and a 1.8 per cent increase compared to May 2019.



GET THE FULL REPORT

Read full post


While Metro Vancouver home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,109 in April 2020, a 39.4 per cent decrease from the 1,829 sales recorded in April 2019, and a 56.1 per cent decrease from the 2,524 homes sold in March 2020.


Last month’s sales were 62.7 per cent below the 10-year April sales average and was the lowest total for the month since 1982.


“Predictably, the number of home sales and listings declined in April given the physical distancing measures in place,” Colette Gerber, REBGV’s president-elect said. “People are, however, adapting. They’re working with their Realtors to get information, advice and to explore their options so that they’re best positioned in the market during and after this pandemic.”


Realtors have been named an essential service by the provincial government to help the home buying and selling community meet their housing needs during the pandemic.


“We’re seeing more innovation in today’s market, with Realtors using different technology to showcase homes virtually, assess neighbourhood amenities with their clients and handle paperwork electronically,” Gerber said.


There were 2,313 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April. This represents a 59.7 per cent decrease compared to the 5,742 homes listed in April 2019 and a 47.9 per cent decrease compared to March 2020 when 4,436 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,389, a 34.6 per cent decrease compared to April 2019 (14,357) and a 2.3 per cent decrease compared to March 2020 (9,606).


For all property types, the sales-to-active listings ratio for April 2020 is 11.8 per cent. By property type, the ratio is 10 per cent for detached homes, 14.7 per cent for townhomes, and 12.4 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,036,000. This represents a 2.5 per cent increase over April 2019 and a 0.2 per cent increase compared to March 2020.


“Home prices have held relatively steady in our region since the COVID-19 situation worsened in March,” Gerber said. 


Sales of detached homes in April 2020 reached 388, a 33.8 per cent decrease from the 586 detached sales recorded in April 2019. The benchmark price for detached properties is $1,462,100. This represents a 2.3 per cent increase from April 2019 and a 0.8 per cent increase compared to March 2020.


Sales of apartment homes reached 503 in April 2020, a 43.2 per cent decrease compared to the 885 sales in April 2019. The benchmark price of an apartment property is $685,500. This represents a 2.7 per cent increase from April 2019 and a 0.2 per cent decrease compared to March 2020.


Attached home sales in April 2020 totalled 218, a 39.1 per cent decrease compared to the 358 sales in April 2019. The benchmark price of an attached home is $796,800. This represents a 2.8 per cent increase from April 2019 and a 0.6 per cent increase compared to March 2020.




GET THE FULL REPORT

Read full post


The March 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.


  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this for other areas, please contact me to request it and I'll send it to you.



DOWNLOAD VANCOUVER WEST & WEST

Read full post

We have just  sold a home at 112 1424 WALNUT ST in Vancouver.
Simply stunning 2 bedroom/2 bathroom corner suite in Kits Point with huge private patio 2 blocks from the beach!! This suite has been completely renovated top to bottom with modern flair and stylish finishing throughout. Highlights incl. Open kitchen with tons of storage, stainless steel appliances, granite counters, solid wood cabinetry, rich louvre-styled engineered hardwood floors, gorgeous tile, spa-like bathrooms with more built in storage and in-suite laundry.; This truly ia an atmosphere you will appreciated and love to come home to everyday!! Parking & Locker included. Solid Building with a pro-active Strata. Rentals are allowed with restrictions and pets are welcome! 2 dogs or 2 cats. Open House: Sat & Sun, March 17th & 18th, 2:00 - 4:00 pm.
If you would like to know what this home sold for, please feel free to contact us directly.
Read full post

Please visit our Open House at 112 1424 WALNUT ST in Vancouver.
Open House on Sunday, March 18, 2018 2:00PM - 4:00PM
Simply stunning 2 bedroom/2 bathroom corner suite in Kits Point with huge private patio 2 blocks from the beach!! This suite has been completely renovated top to bottom with modern flair and stylish finishing throughout. Highlights incl. Open kitchen with tons of storage, stainless steel appliances, granite counters, solid wood cabinetry, rich louvre-styled engineered hardwood floors, gorgeous tile, spa-like bathroom with more built in storage and in-suite laundry.; This truly ia an atmosphere you will appreciated and love come home to everyday!! Parking & Locker included. Rentals are allowed with restrictions and pets are welcome! 2 dogs or 2 cats. Open House: Sat & Sun, March 17th & 18th, 2:00 - 4:00 pm.
Read full post

We have just  listed a new home at 112 1424 WALNUT ST in Vancouver.
Simply stunning 2 bedroom/2 bathroom corner suite in Kits Point with huge private patio 2 blocks from the beach!! This suite has been completely renovated top to bottom with modern flair and stylish finishing throughout. Highlights incl. Open kitchen with tons of storage, stainless steel appliances, granite counters, solid wood cabinetry, rich louvre-styled engineered hardwood floors, gorgeous tile, spa-like bathroom with more built in storage and in-suite laundry.; This truly ia an atmosphere you will appreciated and love come home to everyday!! Parking & Locker included. Rentals are allowed with restrictions and pets are welcome! 2 dogs or 2 cats. Open House: Sat & Sun, March 17th & 18th, 2:00 - 4:00 pm.
If you have any questions or would like more information, please don't hesitate to contact us!
Read full post

Please visit our Open House at 112 1424 WALNUT ST in Vancouver.
Open House on Saturday, March 17, 2018 2:00PM - 4:00PM
Simply stunning 2 bedroom/2 bathroom corner suite in Kits Point with huge private patio 2 blocks from the beach!! This suite has been completely renovated top to bottom with modern flair and stylish finishing throughout. Highlights incl. Open kitchen with tons of storage, stainless steel appliances, granite counters, solid wood cabinetry, rich louvre-styled engineered hardwood floors, gorgeous tile, spa-like bathroom with more built in storage and in-suite laundry.; This truly ia an atmosphere you will appreciated and love come home to everyday!! Parking & Locker included. Rentals are allowed with restrictions and pets are welcome! 2 dogs or 2 cats. Open House: Sat & Sun, March 17th & 18th, 2:00 - 4:00 pm.
Read full post

We have just  sold a home at 217 2025 2ND AVE W in Vancouver.
WELCOME TO THIS STUNNING & COMPLETELY RENOVATED ONE BEDROOM NEAR KITS BEACH! Whether you are looking for a perfect one bedroom to love living in or are on the search for a fabulous investment property this place is for you! Highlights incl: Bright white shaker cabinetry, stainless steel appliances, breakfast bar, gorgeous subway tile backsplash, beautifully refinished original hardwood floors, all new trims. casings & glass cut out doors, floating bathroom vanity with lots of storage, recessed LED lighting and much much more! The location doesn’t get any better, 3 blocks to the beach & 2 blocks to all of the fantastic amenities that 4th ave has to offer. The building is extremely well maintained with the necessary age related items repaired or replaced. Depreciation report available. Pets and Rentals allowed. Open house Sat/Sun 2-4 both days.
If you would like to know what this home sold for, please feel free to contact us directly.
Read full post

We have just  listed a new home at 217 2025 2ND AVE W in Vancouver.
WELCOME TO THIS STUNNING & COMPLETELY RENOVATED ONE BEDROOM NEAR KITS BEACH! Whether you are looking for a perfect one bedroom to love living in or are on the search for a fabulous investment property this place is for you! Highlights incl: Bright white shaker cabinetry, stainless steel appliances, breakfast bar, gorgeous subway tile backsplash, beautifully refinished original hardwood floor, all new trims & glass cutout doors, floating bathroom vanity with lots of storage, recessed LED lighting and much much more! The location doesn’t get any better, 3 blocks to the beach & 2 blocks to all of the fantastic amenities that 4th ave has to offer. The building is extremely well maintained with the necessary age related items repaired or replaced. Depreciation report available. Pets and Rentals allowed. Open house Sat/Sun 2-4 both days.
If you have any questions or would like more information, please don't hesitate to contact us!
Read full post

Please visit our Open House at 217 2025 2ND AVE W in Vancouver.
Open House on Saturday, January 20, 2018 2:00PM - 4:00PM
WELCOME TO THIS STUNNING & COMPLETELY RENOVATED ONE BEDROOM NEAR KITS BEACH! Whether you are looking for a perfect one bedroom to love living in or are on the search for a fabulous investment property this place is for you! Highlights incl: Bright white shaker cabinetry, stainless steel appliances, breakfast bar, gorgeous subway tile backsplash, beautifully refinished original hardwood floor, all new trims & glass cutout doors, floating bathroom vanity with lots of storage, recessed LED lighting and much much more! The location doesn’t get any better, 3 blocks to the beach & 2 blocks to all of the fantastic amenities that 4th ave has to offer. The building is extremely well maintained with the necessary age related items repaired or replaced. Depreciation report available. Pets and Rentals allowed. Open house Sat/Sun 2-4 both days.
Read full post

Please visit our Open House at 217 2025 2ND AVE W in Vancouver.
Open House on Sunday, January 21, 2018 2:00PM - 4:00PM
WELCOME TO THIS STUNNING & COMPLETELY RENOVATED ONE BEDROOM NEAR KITS BEACH! Whether you are looking for a perfect one bedroom to love living in or are on the search for a fabulous investment property this place is for you! Highlights incl: Bright white shaker cabinetry, stainless steel appliances, breakfast bar, gorgeous subway tile backsplash, beautifully refinished original hardwood floor, all new trims & glass cutout doors, floating bathroom vanity with lots of storage, recessed LED lighting and much much more! The location doesn’t get any better, 3 blocks to the beach & 2 blocks to all of the fantastic amenities that 4th ave has to offer. The building is extremely well maintained with the necessary age related items repaired or replaced. Depreciation report available. Pets and Rentals allowed. Open house Sat/Sun 2-4 both days.
Read full post

We have just  sold a home at 309 15368 17A AVE in Surrey.
Welcome to Ocean Wynde! This upper corner suite offers over 1000 sqft of opening living with large 2 large bedrooms, a den/ breakfast nook off the Kitchen, 2 full bathrooms and a large balcony. Highlights incl: Stainless Steel Maytag appliances, double slab granite counter tops, hardwood laminate floors, cozy electrical fireplace, plenty of in-suite storage, 2 parking spots and much much more! Rentals allowed & Pets with restrictions. The building has been extremely well cared for and the location has everything to offer! Open house Sun, Dec 17th from 2-4.
If you would like to know what this home sold for, please feel free to contact us directly.
Read full post

Please visit our Open House at 309 15368 17A AVE in Surrey.
Open House on Sunday, December 17, 2017 2:00PM - 4:00PM
Welcome to Ocean Wynde! This upper corner suite offers over 1000 sqft of opening living with large 2 large bedrooms, a den/ breakfast nook off the Kitchen, 2 full bathrooms and a large balcony. Highlights incl: Stainless Steel Maytag appliances, double slab granite counter tops, hardwood laminate floors, cozy electrical fireplace, plenty of in-suite storage, 2 parking spots and much much more! Rentals allowed & Pets with restrictions. The building has been extremely well cared for and the location has everything to offer! Open house Sun, Dec 17th from 2-4.
Read full post

Please visit our Open House at 309 15368 17A AVE in Surrey.
Open House on Saturday, December 9, 2017 2:00PM - 4:00PM
Welcome to Ocean Wynde! This bright corner suite presents as if it were brand new! Over a 1000 sqft of opening living with large 2 large bedrooms, a den/ breakfast nook off the Kitchen, 2 full bathrooms and a large balcony. Highlights incl: Stainless Steel Maytag appliances, double slab granite counter tops, hardwood laminate floors, cozy electrical fireplace, plenty of in-suite storage, 2 parking spots and much much more! Rentals allowed & Pets with restrictions. The building has been extremely well cared for and the location has everything to offer! Open house Sat, Dec 9th from 2-4.
Read full post

We have just  listed a new home at 309 15368 17A AVE in Surrey.
Welcome to Ocean Wynde! This bright corner suite presents a new! Over a 1000 sqft of opening living with large 2 large bedrooms, a den/ breakfast nook off the Kitchen, 2 full bathrooms and a large balcony. Highlights incl: Stainless Steel Maytag appliances, double slab granite counter tops, hardwood laminate floors, cozy electrical fireplace, plenary of in-suite storage, 2 parking spots and much much more! Rentals allowed & Pets with restrictions. The building has been extremely well cared for and the location has everything to offer! Open house Sat, Dec 9th from 2-4.
If you have any questions or would like more information, please don't hesitate to contact us!
Read full post

We have just  sold a home at 104 1352 10TH AVE W in Vancouver.
Welcome to Tell Manor, one of South Granville’s finest Buildings! This lovely garden suite offers close to 800 square feet of functional living space and will accommodate your finest furnishings! There is also a large open den / flex space that can be enclosed for added privacy. Other highlights incl: In-suite laundry, updated bathroom & kitchen, large private south facing patio, cozy wood burning fireplace, plenty of in-suite storage, one secure under ground parking spot and one full size storage locker. The Building has been meticulously maintained with most age related items repaired or replaced. Rain-screened in 2002, Roof 2001, Re-plumbed 1995, Columns in Parkade 2003, Southside parkade membrane in 2005, Exterior painted in 2012, and the Hot water tank / Boiler replaced in 2013. The location is a block and a half from all of the fantastic shops / restaurants that Granville Street has to offer! One cat is permitted, sorry no rentals. Open house - October 2 & 3, Sat/ Sun from 2-4.
If you would like to know what this home sold for, please feel free to contact us directly.
Read full post

 

The most expensive city in Canada is now the world's riskiest city in housing if a sudden downward correction were to happen.

 

Housing prices in Vancouver are always on the rise and even during the economic crisis of 2008 Vancouver still saw growth in Real Estate values. As wages and commodity prices weakened the market continued to rise which has caused a "significant overaluation" in the market.

 

Over the past couple of years the Vancouver market has seen increased upward pressure due to strong offshore investors and foreign property owners. The risk comes from the fact that Vancouver Real Estate values are out of sync with current economic conditions in Canada and around the world.

 

Other cities also sited and being risky are: Vancouver, London, Stockholm, Sydney, Munich and Hong Kong.

Read full post

We have just  listed a new home at 104 1352 10TH AVE W in Vancouver.
Welcome to Tell Manor, one of South Granville’s finest Buildings! This lovely garden suite offers close to 800 square feet of functional living space and will accommodate your finest furnishings! There is also a large open den / flex space that can be enclosed for added privacy. Other highlights incl: In-suite laundry, updated bathroom & kitchen, large private south facing patio, cozy wood burning fireplace, plenty of in-suite storage, one secure under ground parking spot and one full size storage locker. The Building has been meticulously maintained with most age related items repaired or replaced. Rain-screened in 2002, Roof 2001, Re-plumbed 1995, Columns in Parkade 2003, Southside parkade membrane in 2005, Exterior painted in 2012, and the Hot water tank / Boiler replaced in 2013. The location is a block and a half from all of the fantastic shops / restaurants that Granville Street has to offer! One cat is permitted, sorry no rentals. Open house - October 2 & 3, Sat/ Sun from 2-4.
If you have any questions or would like more information, please don't hesitate to contact us!
Read full post
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.