Vancouver Real Estate - June 2016
In This Issue

Business Insider
Where The Ultra-rich Are Scrambling To Buy Homes

New Listings

Some of my current listings

Recent Sales
Some of my recent sales

Latest testimonial comments from recent clients

Real Estate Board of Greater Vancouver - June 2016
Demand remains elevated across the Metro Vancouver housing market

NOTE: Links within this document are not supported by IOS 8 and above. Please scroll down manually.

Business Insider

Where the ultra-rich are scrambling to buy homes

The global market for high-end luxury properties is a volatile one.

For example, during the tumultuous year of 2009, there was an astonishing 97 percentage point differential in the price changes of high-end real estate. Some markets may have been up 30%, but others were down over 60% - that's a wild margin for multi-million dollar properties in some of the most world-class cities in the world.

This is according to the latest iteration of the Wealth Report, an annual publication by the global real estate consultancy Knight Frank that focuses on the world's ultra-rich.

This infographic shows where the ultra-rich are scrambling to buy homes:

The market for luxury properties last year was obviously less volatile than the aforementioned example, however the spread is still significant.

In Vancouver, which is currently engulfed in a real estate mania that we covered in-depth yesterday, luxury properties jumped up in price by 25% throughout 2015. This is not an exception to the trend. Royal Lepage, another realtor, covered Canadian luxury markets in more depth, finding that properties increased in price by a total of 125% from 2005 to 2015. That compares to 69% increases in Toronto over the same period, and 58% increases in Montreal.

The biggest decrease in the price of luxury real estate was in Lagos, Nigeria. The African metropolis of 16 million is the continent's largest city, as well as the fastest growing city in the world. There, high-end properties divebombed by -20%.

CONTINUED...   CLICK HERE to view the complete article.
Jump To Top of Page

Some Of My 
Current Listings

FOR SALE: Kitsilano
Asking $645,000.00
WEST FIVE:  207 - 1819 5TH AVENUE
Vancouver West, Vancouver BC

CLICK HERE for more information.
Jump To Top of Page

Some of My Recent Sales

SOLD: Mackenzie Heights
Sold in 5 days for 10% over asking
Asking $3,368,000.00
4689 Mackenzie Street
MacKenzie Heights, Vancouver BC

CLICK HERE for more information.
SOLD: Vancouver East
Asking $1,289,000.00
Vancouver East, Vancouver BC

CLICK HERE for more information.
SOLD: False Creek
Asking $499,000.00
412 - 1869 Spyglass Place
False Creek, Vancouver BC

CLICK HERE for more information.

SOLD: Vancouver
Asking $649,000.00
THE GRAYSON:  201 - 500 West 26th Avenue
Vancouver, BC

CLICK HERE for more information.

SOLD: Vancouver
Asking $449,900.00
THE GRAYSON:  101 - 500 West 26th Avenue
Vancouver, BC

CLICK HERE for more information.
Jump To Top of Page


nial From a Recent Client

Anne is amazing!
When I decided to sell my house, I resigned myself to hope for the best.  Anne Mainwaring changed my feeling of resignation to absolute confidence that I was indeed getting the best service imaginable! With her tireless hard work,  the results speak for themselves! 
In the first few minutes of our first meeting, I could tell that I was dealing with a professional and ethical realtor.  Anne put me at ease with her genuine personality, respect, and dedication.  Clearly she loves making her clients happy.  Everything she did was in my best interest and I could trust beyond a doubt in the advice she gave me.  She made the entire process not only painless but enjoyable!  She was equally as dedicated and helpful in trying to find my next home.  Her connections with other realtors and representatives for developers, allowed her to give me expert and timely advice.  As a result, I was able to purchase a beautiful and unique home.  
I sincerely appreciated Anne’s consistent attention and her extra efforts.  I have recommended her to all my friends and family.  When I decide to sell again, I will hire Anne without hesitation.

-- Lisa M.   (June 2016)

CLICK HERE to view more testimonials.
Jump To Top of Page

News Release - Real Estate Board of Greater Vancouver


Demand remains elevated across the Metro Vancouver housing market

VANCOUVER, BC – June 2, 2016

Metro Vancouver* homes continue to sell at an unprecedented rate in communities across the region. 

Residential property sales on the region's Multiple Listing Service® (MLS®) totalled 4,769 in May 2016, an increase of 17.6 per cent from the 4,056 sales recorded in May 2015 and a decrease of 0.3 per cent compared to April 2016 when 4,781 homes sold. 

Last month’s sales were 35.3 per cent above the 10-year sales average for the month and rank as the highest sales total on record for May.

"Home sellers are becoming more active in recent months, although that activity is being outpaced by home buyer demand today," Dan Morrison, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,289 in May 2016. This represents an increase of 11.5 per cent compared to the 5,641 units listed in May 2015 and a 2.6 per cent increase compared to April 2016 when 6,127 properties were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,726, a 37.3 per cent decline compared to May 2015 (12,336) and a 2.3 per cent increase compared to April 2016 (7,550).

"Economic and job growth in Metro Vancouver is out performing most regions in the country. This is helping to underpin today’s activity," Morrison said.

The sales-to-active listings ratio for May 2016 is 61.7 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro 
Vancouver is currently $889,100. This represents a 29.7 per cent increase compared to May 2015.

Sales of detached properties in May 2016 reached 1,865, an increase of 8.2 per cent from the 1,723 detached sales recorded in May 2015. The benchmark price for detached properties increased 36.9 per cent from May 2015 to $1,513,800.

Sales of apartment properties reached 2,150 in May 2016, an increase of 34.4 per cent compared to the 1,600 sales in May 2015. The benchmark price of an apartment property increased 22.3 per cent from May 2015 to $485,000.

Attached property sales in May 2016 totalled 754, an increase of 2.9 per cent compared to the 733 sales in May 2015. The benchmark price of an attached unit increased 24.9 per cent from May 2015 to $632,400.

CLICK HERE to download the complete stats package.  (PDF\482 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.

The real estate industry is a key economic driver in British Columbia. In 2015, 42,326 homes changed ownership in the Board’s area, generating $2.7 billion in economic spin-off activity and an estimated 19,000 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $39 billion in 2015. The Real Estate Board of Greater Vancouver is an association representing more than 12,500 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

Jump To Top of Page
Copyright © 2016 Anne Mainwaring REALTOR, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
Anne Mainwaring REALTOR · 210 - 858 Beatty Street · Vancouver, BC V6B 1C1 · Canada

Email Marketing Powered by MailChimp