Vancouver Real Estate - February 2017
Anne's Real Estate Update
In This Issue:

NEW FEATURE!  SnapStats - January 2017
The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West

New Listings & Recent Sales
Some new listings and sales this month

Foreign Buyers Tax
Province planning to exempt those with work permits from foreign buyers tax, Premier says

City of Vancouver - What to expect in the False Creek Flats
Lots of changes in store for The False Creek flats. With the new St Paul’s Hospital (staff of  over 2000 employees) and the new Emily Carr campus with its 1800 students!  Very exciting!
Welcome to your Flats (Draft Plan)

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

Real Estate Board of Greater Vancouver - February 2nd, 2017
Metro Vancouver housing market off to a quieter start than last year

A testimonial from a recent satisfied client

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The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West

CLICK HERE TO view the complete Jan 2017 report.

SnapStats brings simplicity and clarity to complex real estate data and statistics. You’ll know which neighborhoods 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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New Listings
FOR SALE: Southlands
Asking $2,988,000.00
5995 Dunbar Street
Vancouver BC
FOR SALE: Vancouver
Asking $1,788,800.00
PENTHOUSE at The Leveson
PH 2 - 7828 Granville Street
FOR SALE: Whistler BC
Asking $949,000.00
320 - 4800 Spearhead Drive

Recent Sales
SOLD: Olympic Village, Vancouver
AVENUE ONE by Concord Pacific
504 - 1768 Cook Street
SOLD: False Creek, Vancouver
NAVIO At The Creek
707 - 1688 Pullman Porter Street
Vancouver BC
SOLD: Kitsilano, Vancouver
Asking $499,800.00
311 - 2137 WEST 10TH AVENUE
Vancouver BC
SOLD: Kitsilano, Vancouver
207 - 1819 West 5th Avenue
Vancouver BC
SOLD: Vancouver
Asking $888,000.00
910 - 111 1st Avenue
Vancouver BC
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Province to exempt those with work permits from foreign
buyers tax, Premier says.

January 30, 2017

Premier Christy Clark said her government is planning to make changes to the foreign homebuyers tax, saying it will exempt those in Metro Vancouver who have work permits.

Clark made the comments Sunday while speaking to reporters at a Lunar New Year event in Vancouver.

"We're going to lift the foreign owners tax on people who have work permits, who are paying taxes and living in British Columbia as a way to encourage more people to come."

Clark did not elaborate on the proposed changes. She was discussing U.S. President Donald Trump's immigration order that bars citizens from a select group of Muslim-majority countries.

Clark told reporters that her government opposes the ban.

"We are going to fight to make sure that people who are dual citizens, Canadians who may hold a passport from Iran or Iraq or Syria — can continue to travel. Those are the values we stand for as Canadians." Clark's Liberal government introduced the tax in August 2016. It adds an additional 15 per cent property transfer tax on buyers who are not Canadian citizens or permanent residents. The impact was immediate as sales in Vancouver dropped 26 per cent in August compared to the previous year.

The foreign homebuyers tax legislation does not have to be amended to make this change.  The intention of the tax was was not to prevent foreign nationals from coming to B.C. to live and work, a government spokesman said.

CLICK HERE to view the original article.
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City of Vancouver - False Creek Flats
Welcome to Your Flats (Draft Plan)

The False Creek Flats of tomorrow is a thriving, flexible and diverse economic district in Vancouver that puts people first. The new draft plan for the area creates a framework to support both the businesses leading the economy today, as well as those poised to alter the economic landscape of tomorrow.

This plan seeks to unlock the economic potential of the area by creating a more productive, sustainable and integrated False Creek Flats.

Click here to view the complete document:
PART 1  (PDF / 7.2 MB)
PART 2  (PDF / 7.5 MB)
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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. 
  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 using Sotheby’s International Realty Canada? 


Sotheby’s International Realty 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 has 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 2015: Sotheby’s reached 1,2 billion viewers.  In 2016: +15%  
  • Already in 2016, Sotheby’s engaged 1/7th of the world!
  • All the properties are on Juwai.  (#1 real estate site in China).
  • Sotheby's offers a powerful network of 15,000 agents and 849 offices  worldwide giving access to affluent community of buyers.
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News Release - Real Estate Board of Greater Vancouver

Metro Vancouver housing market off to a quieter start than last year
VANCOUVER, BC – February 2, 2017

Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.

Last month’s sales were 10.3 per cent below our 10-year January sales average. “From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan
Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “While we saw near record-breaking sales at this time last year, home buyers and sellers are more reluctant to engage so far in 2017.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,140 in January 2017. This represents a 6.8 per cent decrease compared to the 4,442 homes listed in January 2016 and a 215.5 per cent increase compared to December 2016 when 1,312 properties were listed.

The total number of homes currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,238, a 9.1 per cent increase compared to January 2016 (6,635) and a 14.1 per cent increase compared to December 2016 (6,345).

The sales-to-active listings ratio for January 2017 is 21 per cent. This is the lowest the ratio has been in the region since January 2015. 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.

“Conditions within the market vary depending on property type. The townhome and condominium markets are more active than the detached market at the moment,” Morrison said. “As a result, detached home prices declined about 7 per cent since peaking in July while townhome and condominium prices held steady over this period.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $896,000. This represents a 3.7 per cent decline over the past six months and a 0.2 per cent decrease compared to December 2016.

Sales of detached properties in January 2017 reached 444, a decrease of 57.6 per cent from the 1,047 detached sales recorded in January 2016. The benchmark price for detached properties is $1,474,800. This represents a 6.6 per cent decline over the last six months and a 0.6 per cent decrease compared to December 2016.

Sales of apartment properties reached 825 in January 2017, a decrease of 24.7 per cent compared to the 1,096 sales in January 2016.The benchmark price of an apartment property is $512,300. This represents a 0.3 per cent increase over the last six months and a 0.4 per cent increase compared to December 2016.

Attached property sales in January 2017 totalled 254, a decrease of 32.4 per cent compared to the 376 sales in January 2016. The benchmark price of an attached unit is $666,500. This represents a 0.4 per cent decline over the last six months and a 0.7 per cent increase compared to December 2016.

CLICK HERE to download the complete stats package.  (PDF \ 495 KB)

*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.
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!

--  Mike B.
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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