If it’s been a while since you listened to the radio, make the next time you turn up the dial The Early Edition with host Rick Cluff on CBC Television. His take on local news as well as the influence of international affairs on our local communities in the Lower Mainland are spot on. One particular podcast caught our attention recently, when Cluff spoke with several experts around the globe about the current state of our real estate market. The round table discussion puts an interesting perspective on our market as part of the whole. Read on, or listen to the full podcast here.
CR: Sound familiar? Kathleen says she’s interviewed realtors in parts of the bay area who say that 20-30% of their sales are to foreign buyers.
RC: So what are they doing in San Francisco about foreign ownership?
KP: Nothing! As far as I can tell there doesn’t seem to be any effort to find out how many are buying or restricted in any way which is kind of surprising because there’s been a lot of protests against the tech people. In the Pier area there’s a lot of animosity that all these high paid tech workers are driving up the costs for everybody. We’ve had protests in front of school busses and that sort of thing.
CR: And that’s a discussion that’s starting to emerge in Vancouver too: on the impact on our local economy if foreign investments begin to back out of town.
CR: Of course we hear that concern in Vancouver, too, about the danger of conflating international investors with Chinese-Canadian residents or new immigrants.
RC: So then is Australia a model that Vancouver should be considering or further investigate?
CR: So if we do decide foreign ownership is a problem that needs solving here in Vancouver, I’d say Australia can definitely offer some ideas, but also some lessons: there is no perfect solution.
Spring inspires us to clean out, clean up, and start fresh. Whether it’s indoors or out, condo, townhouse, or detached home, we’re instinctively driven to welcome the sunny season by beautifying our surroundings. We’ve rounded up the best places and society sales for obtaining everything you need to cultivate the perfect garden, be it a planter to a full-blown yard.
1. Orchid lovers flock to VanDusen Gardens every year for the annual Vancouver Orchid Society’s Show and Sale, March 25th - 27th. Notoriously finicky plants, these gorgeous blooms pack a lot of punch, transforming small spaces with their refined elegance and making them worth the extra effort. An excellent touch if you’re planning to sell.
2. One of the few garden centers left in the city, Art Knapp Plantland on S. Granville is your one-stop shop. Find everything you need to start a garden from scratch: seeds, bulbs, indoor/outdoor plants, tools and garden accessories. Their knowledgeable staff is on hand to help plan your planting schedule and answer any questions you might have.
3. Get it straight from the source at Vancouver’s most beautiful and iconic garden: the annual VanDusen Plant Sale for patios, pots and planters is on April 24th from 10am - 4pm. Get all of the plants and information you need for gardening in small spaces.
4. The Lower Mainland’s other great source for all things garden is the Prickly Pear in Steveston, on the edge of Richmond. Known for their amazing hanging baskets that are perfect for small-space living, this full-service garden center has plenty else to choose from. Their wide assortment of containers, seasonal flora, and eclectic mix of accessories and giftware ensures your garden isn’t short on style.
5. Feel like you’re lacking the green thumb to cultivate your dream spring garden? Choose from VanDusen’s many workshops. Taught by the experts to get hands-on knowledge on everything from understanding your soil, growing veggies in containers, to the top 25 plants for easy maintenance. You can see their full course schedule here.
We’d love to hear about your gardening adventures in the comments below, or post your trials and triumphs to our Facebook page. Happy planting!
There’s no better way to celebrate a long weekend, and the one involving chocolate egg hunts and the elusive Easter Bunny in particular, than with a leisurely brunch at one of Vancouver’s best eateries with your nearest and dearest. Whether you’re in the mood for an adult-only or more family-friendly vibe, we’ve got a place for you in mind.
1. The open-concept Café Pacifica at Vancouver’s Pan Pacific hotel in Coal Harbour offers up amazing views of the water and the North Shore. Watch ships pass by as you dine on their exceptional Easter Brunch menu featuring everything from a sushi bar and extensive salad options to classic brunch favourites and a children's menu. Served 10:30am - 2:30pm, children under 5 are free.
2. Brunch at either of downtown Vancouver’s Fairmont locations is always a treat, but this luxury hotel chain has pulled out all the stops for Easter with Bunny Bunches at all three of their lower mainland locations. ARC at the Fairmont Waterfront is also offering Easter egg decorating alongside brunch, while the Fairmont Hotel Vancouver is having a special Easter Afternoon Tea service. Check the Fairmont site for times, prices, and reservation information.
3. Make a day of it and head up to Squamish for the Second Annual Easter Egg Hunt + Brunch at the Sea to Sky Gondola. Two seating options (10am and noon) with an Easter egg hunt, DIY card-making and wooden Easter egg decorating for the kids make this the Lower Mainland’s premier family events for the weekend. Reserve your tickets early!
4. Nestled in the heart of the city at the Four Seasons Hotel, the YEW Seafood + Bar’s Easter Brunch Buffet, or “Feaster” as it’s known to insiders, pulls out all the stops with a mouth-watering display of fresh, seasonal seafood, build-your-own-float and sundae stations, and other more traditional holiday favourites. Join in the festivities from 10am - 2:30pm. Make sure to reserve a spot early.
5. Enjoy Easter in Neverland; the whimsical Neverland Tea Salon in Kitsilano, that is. Their special Easter High Tea menu includes house-made finger sandwiches, scrumptious pastries, and an extensive tea menu, as well as gluten and dairy-free options.
Happy Easter from Andrew Hasman and Associates!
Are you contemplating joining the market this spring? The REBGV recently laid out the pros to professionals establishing your property’s selling price. The article breaks-down the key factors for determining your home’s current market value which your realtor utilizes to ensure your asking price is one you can live with, while attracting the best possible offers. From there, you can get an idea where your property value is in relation to the rest of the market with the February stats.
Supply is still short of demand in the Lower Mainland real estate market. February proved to be the highest selling one on record in Metro Vancouver at 53.6% above the 10-year average. The month closed with a total number of residential property sales at 4,172; that’s a 36.3% increase from February 2015.
The 65.6% sales increase from January 2016 suggests the market is already gearing up for its busy season: Spring. “We’re beginning to see home listings increase as we head toward the spring market, however, additional supply is still needed to meet today’s demand,” said Real Estate Board of Greater Vancouver’s president Darcy McLeod. Considering the total number of properties listed on MLS® is 7,299, a 38.7% decline from February 2015, it still remains a seller’s market.
The Numbers At a Glance:
Sales-to-Active-Listings ratio: 57.2%
Benchmark price for all residential properties: $795,500
22.2% increase from February 2015
Benchmark price for a detached property is $1,305,600
27% increase from February 2015
Detached property sales totaled 1,778
37.2% increase from February 2015
Benchmark price for an apartment property is $454,600
43.9% sales increase from February 2015
Apartment property sales totaled 1,790
43.9% increase from February 2015
Benchmark price for an attached unit is $454,600
17.7% increase from February 2015
Attached property sales totaled 604
15.9% increase from February 2015
*REBGV Editor’s Note: 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.
Photo courtesy of: Gilad Rom
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.