Vancouver Real Estate
Anne's Real Estate Update - November 2017 

In This Issue:

Real Estate is bigger in B.C.’s economy than oil is in Alberta’s, but here’s the thing...
CLICK HERE to view the full article

Visual Capitalist
35 Chinese Cities With Economies as Big as Countries


A Small Glimpse of Parisian Real Estate
View the listing

With the resale market calming down, the presales projects are picking up at the end of the year.  Please contact me if you are interested in investing in a presale. I stay up to date with the most interesting projects in the lower Mainland, Burnaby (Brentwood) and other areas. I can help you get access to the early bird prices. 


New Listings
510  515 Foster Avenue, Coquitlam

Latest Sales
503 89 West 2nd Avenue, Vancouver
PH2 7828 Granville street, Vancouver 

410 5058 Cambie Street, Vancouver
1212 180 East 2nd Avenue, Vancouver

CLICK HERE to view the listings

Testimonial Letters from Home Buyers & Home Sellers

The Experience with Sotheby's International Realty Canada
Luxury is an experience, not a price.


My Commitment To You
How I will facilitate your property sales & acquisitions. It can be a great experience!

SnapStats - Vancouver West & Vancouver East October 2017
The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West


Real Estate Board of Greater Vancouver - October 2017
October Exceeds Historical Average

Previous Issues
CLICK HERE to view previous issues of Anne's Real Estate Update

NOTE: Some links within this document are not supported by Apple IOS and Android operating systems. Please scroll down manually.

Global News
Real Estate is Bigger in BC's Economy than Oil is in Alberta's

Real estate, rental and leasing take up a share of B.C.’s economy that is so large, it eclipses oil and gas in Alberta.

It’s a phenomenon that has arrived at a time of skyrocketing home prices, and has eroded affordability in Vancouver to the worst level it’s ever been....

CLICK HERE to view the full article

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Visual Capitalist
35 Chinese Cities With Economies as Big as Countries


Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do.

With 1.4 billion people and the third-largest geographical area, the country is a vast place to begin with. Add in explosive economic growth, a market-oriented but Communist government, a longstanding and complex cultural history, and self-inflicted demographic challenges – and understanding China can be even more of a puzzle.

CLICK HERE to view the full article

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Parisian Properties (Sotheby's International Realty)

FOR SALE  Appartement Paris 6 (75006) Marche St Germain, for € 2,990,000 (CA$ 4,455,000)

Marché Saint-Germain : Luxurious pied-à-terre

Beautifully renovated 1,291 sq. ft., 2 bedroom condo in a top arrondissement in Paris asking $3,450 per sq.ft. This is the equivalent of being in a beautiful renovated condo in Yaletown. Enjoy!

A proximité immédiate du Marché Saint-Germain, rue de Seine, un appartement de 120m2 luxueusement rénové, au 2e étage avec ascenseur d'un bel immeuble du XIXème siècle....

CLICK HERE to view the full article

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With the resale market calming down, the presales projects are picking up at the end of the year.  Please contact me if you are interested in investing in a presale. I stay uptodate with the most interesting projects in the lower Mainland, Burnaby (Brentwood) and other areas. I can help you get access to the early bird prices. 

Active Listings
FOR SALE:  Lougheed Heights by Bosa
Listing Price: $449,000
510  515 Foster Avenue
Coquitlam, BC

Recent Sales
RECENTLY SOLD: Spacious False Creek Condo
Listing Price: $979,000
503 89 West 2nd Avenue,
Vancouver, BC
RECENTLY SOLD: Penthouse At The Leveson
Listing Price: $1,788,800
PH2 7828 Granville Street,
Vancouver, BC

CLICK HERE to view the listing
RECENTLY SOLD: Basalt by Pennyfarthing
410 5058 Cambie Street,
Vancouver, BC

CLICK HERE to view the listing
RECENTLY SOLD: Second + Main
1212 180 East 2nd Avenue,
Vancouver, BC
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It's hard to describe the level of service that Anne provided us as the listing agent for our home sale. She was thorough and thoughtful throughout the process. When we first invited her to discuss our possible sale, we had intended to speak with other agents as well, but it was clear from the initial visit that we were in very professional hands.

She spent as much time as necessary to describe the market with up-to-date research and comparables. She provided us with personalized and high-quality promotional materials, staged our home, and even added many of her own personal items to help create the right feel for our place.

Her very personal touch makes you realize that she puts herself in your shoes - she wants the best for you, just as she does for herself. Her warm, honest manner helped us to trust her throughout the sale. Anne was always accessible and proactive, and followed up on everything that we asked. She attended each open house on her own, and followed up with us immediately after each showing. She brought our desired results in an amazingly short turn-around time.

She promised and she delivered!

Mr. & Mrs. T.



As a first-time home buyer in the Vancouver condo market we were new to everything that comes along with looking for a new home. Anne, from day one sat down with us through a referral and listened to exactly what we wanted and needed in our first home. Anne immediately found numerous listings that fit our wants and needs and somehow also fit our budget.

Anne was very experienced in what areas to consider and what developers built with quality. Anne was very honest and not afraid to tell us her opinion on every listing, which we valued greatly as first time home buyers. Anne handled everything from setting up showings to booking the inspection, she also made herself available for every showing. Every time we made a request Anne made it work. It was Anne's dedication to her job that helped us secure a brand-new condo only two weeks after we began looking.

When it came time to making the offer, Anne's expertise as a realtor was clear again as she advised us on how to make a strong offer at our price point. Her ability to structure the offer allowed us to get the property under list price and under the average price per square foot in the area. Anne treats you as a friend and makes you feel as though you are always her number one priority. We strongly recommend Anne and will use her again in the future.

Thank you Anne for helping us find our first home in Vancouver. 

Heather & Mike

Sotheby's: Luxury is an experience, not a price...

We, at Sotheby's, are very proud to have represented the purchase and sale of some of the most luxurious homes in Canada.  As a brand, we have represented some of the most luxurious homes in the world.  With that success comes a challenge and the challenge is that some people feel that we only represent homes at the highest end of the value range.  While we are particularly well known for the luxury homes we represent and we also proudly represent homes at a wide range of values.  

For us, luxury is an experience and not a price. Let me give you an example.

When you go to a store like Tiffany's & Co, you receive the exact same customer experience regardless of whether the item you are purchasing is worth a few hundred dollars or tens of thousands of dollars. Each purchase is placed in one of their iconic robin's egg blue box, wrapped with ribbon and placed in one of their signature bag.  It is a memorable experience.  It is an experience that makes you feel good about the purchase. 

For most people, their home is their most prized possession.  It is where a couple may have come together for the first time, its where children were born and raised its where the entire family has worked diligently to convert a house into a home.

We believe every home has a story and that our job is to artfully tell that story using the tools that we have developed working with some of the incredibly iconic properties and some of the most discerning clients.

We believe, that everyone deserves a luxurious experience when they buy or sell a home.  Let us show you how our people can that same creativity and passion to a home just like yours.  After all, we think that you and your home deserve the best. 

My Commitment To You

In addition to the standard service offered by Realtors®, I will write  a LIFESTYLE STORY, BRAND your house and SHOWCASE it. This includes:
  1. FREE  staging services: I will create an ideal environment for future buyers to imagine themselves in this new space and make it very inviting and welcoming.
  2. HIGH-DEFINITION PICTURES: The use of a professional photographer and 20 High-definition pictures to showcase your home.
  3. The creation of a HIGH-END VIDEO of your property, including drone imaging.  Having  Sight , Sound and Motion will allow to transport the consumers into your home.  This will highlight  the lifestyle associated to living in your neighbourhood area and features its benefits. A video tells best the story of your home. 
  4. Thick glossy brochures with high-definition pictures, floor plan and description of your property

For a successful sale, I will leverage my Experience and Expertise in a very competitive market by:
  1. Helping you reach the Local, Asian, American and European markets with language proficiency in English, Mandarin and French.     .
  2. Advertising  in the major local newspapers and send out newsletters and flyers to  promote your property. Putting a sign on your lawn is just the beginning: I spend lots of my costs to “PUSH” your property to get it sold in the fastest time frame. This includes comprehensive social media integration and direct email to the top 1,000 most active local realtors.
  3. Offering “boutique” service, and am committed to personally (no realtor's assistant) showing your house at the Open Houses and each appointment request. 
  4. Negotiating on your behalf to ensure that you receive the highest possible sale price for your home. 
  5. Warranting you to receive full transparency and open communication through the entire process.
  6. Providing a Personal & Courteous service. 

Other ancillary services that I can assist you with include:  
  1. Arranging for owners rent back
  2. Having access to architects/designers/ builders/ trade people (painting, flooring, plumbing and electrical). 
  3. Leveraging my expanded referral network and partners:
    - CPA: Tax strategies and investment planning
    - LAWYERS: Advice and guidance for your investments
    - FINANCING: Creative loan solutions for local and international buyers
Why use Sotheby’s International Realty Canada? 


Sotheby’s International Realty Canada is currently the most trusted name in real estate bringing instant credibility and recognition with Buyers and Sellers, reaching the most influential group of people in the world. 

Sotheby’s International Realty extends an extraordinary name in real estate and in the luxury world. 
Luxury is in Sotheby’s DNA:  has sold most cherished valuable in the world and is truly a unique global luxury brand.

GLOBAL EXPOSURE on many platforms: and the cascading websites. 
  • In 2016: reached 100,523,849 views. (+35% from 2015) 
  • Already in 2016, Sotheby’s engaged 1/7th of the world!
  • -  All our properties are featured on Juwai (the #1 real estate site in China for a total of 21,414 impressions in 2016 on our company page).
  • Sotheby's offers a powerful network of 20,000 agents and 850 offices in 65 countries worldwide giving access to affluent community of buyers.
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The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West

CLICK HERE to view the complete October 2017 report.
SnapStats brings simplicity and clarity to complex real estate data and statistics. You’ll know which neighbourhoods are hot, what home types and size are in demand, detailed inventory info, asking and sale prices, average time spent on market, and many more useful details and figures—all broken down in a clear, single page customized with your name and contact information.

SnapStats’ charts, tables and graphs are simple to understand. In minutes, you’ll see market trends, sales to active listing ratio, month-to-month comparisons, and much more. They’re broken down using all sorts of relevant factors—including price range, neighbourhood, bedroom number, and much more. This gives you the amazing ability to pinpoint trends and statistics customized to your personal needs.
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October Sales Exceed Historical Average
VANCOUVER, BC – November 2, 2017

Metro Vancouver* home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,022 in October 2017, a 35.3 per cent increase from the 2,233 sales recorded in October 2016, and an increase of 7.1 per cent compared to September 2017 when 2,821 homes sold. Last month’s sales were 15 per cent above the 10-year October sales average. "Conditions continue to vary significantly based on property type.

The detached home market is well supplied with homes for sale, which is relieving pressure on prices," Jill Oudil, REBGV president said. "It remains a much different story in the townhouse and apartment markets. Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices." There were 4,539 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2017. This represents a 14 per cent increase compared to the 3,981 homes listed in October 2016 and a 15.6 per cent decrease compared to September 2017 when 5,375 homes were listed. 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,137, a 0.1 per cent decrease compared to October 2016 (9,143) and a 3.5 per cent decrease compared to September 2017 (9,466). For all property types, the sales-to-active listings ratio for October 2017 is 33.1 per cent.

By property type, the ratio is 16.8 per cent for detached homes, 44.8 per cent for townhomes, and 66 per cent for condominiums. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. "The growth in our provincial economy and job market is contributing to today's demand," Oudil said. "The federal government's announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term. Many buyers are trying to enter the market before the changes are in place." 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,300. This represents a 12.4 per cent increase over October 2016 and a 0.5 per cent increase compared to September 2017. Sales of detached properties in October 2017 reached 940, a 44.2 per cent increase from the 652 detached sales recorded in October 2016 and a 34.6 per cent decrease from the 1,437 sales in October 2015. The benchmark price for detached properties is $1,609,600. This represents a four per cent increase from October 2016 and a 0.5 per cent decrease compared to September 2017. 

Sales of apartment properties reached 1,532 in October 2017, a 30.1 per cent increase compared to the 1,178 sales in October 2016 and a 0.7 per cent decrease from the 1,543 sales in October 2015.

The benchmark price of an apartment property is $642,000. This represents a 22.7 per cent increase from October 2016 and a one per cent increase compared to September 2017. Attached property sales in October 2017 totalled 550, a 36.5 per cent increase compared to the 403 sales in October 2016 and a 17.4 per cent decrease from the 666 sales in October 2015.

The benchmark price of an attached unit is $802,400. This represents a 17.7 per cent increase from October 2016 and a two per cent increase compared to September 2017.

CLICK HERE to view the complete REBGV Statistics Package.

*Editor’s Note: Areas covered by the 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.
Newsletter Archives
Here are some past issues of Anne's Real Estate Update:

Anne's Real Estate Update - October 2017
Anne's Real Estate Update - September 2017
Anne's Real Estate Update - August 2017
Anne's Real Estate Update - July 2017
Anne's Real Estate Update - June 2017
Anne's Real Estate Update - May 2017
Anne's Real Estate Update - April 2017
Anne's Real Estate Update - March 2017
Anne's Real Estate Update - February 2017
Anne's Real Estate Update - January 2017
Anne's Real Estate Update - November 2016
Anne's Real Estate Update - October 2016
Anne's Real Estate Update - August 2016
Anne's Real Estate Update - July 2016
Anne's Real Estate Update - June 2016
Anne's Real Estate Update - April 2016
Anne's Real Estate Update - February 2016
Copyright © 2017 Anne Mainwaring REALTOR, All rights reserved.

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Anne Mainwaring REALTOR · 5660 Yew Street · Vancouver, BC V6M 3Y3 · Canada

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