New property listed in Fairview VW, Vancouver West
We have listed a new property at 511 2201 PINE ST in Vancouver.
Meridian Cove 2 bdrm plus den. Sought after complex in a great walkable location. Bldg has just completed a full exterior rehab. Looking for peace of mind, you've found it here. Beautifully renovated ( back in 2007) West facing suite looks out over the courtyard gardens with partial views. This home shows very well with custom chef's kitchen. Move right in and enjoy. Room sizes are generous in size. Complex has full rec facility and bonus, 2 parking. Easy walk to Granville Island shopping. Sorry, NO PETS allowed. 1st viewings are ALL BY APPT only Sat & Sun March 25 & 26th from 2 to 4.

Why Now Might Be the Best Time to Invest in Vancouver Real Estate

Are you looking to add to your real estate portfolio? While it might not seem like the right time to purchase property with interest rates so high and economic uncertainty surrounding us, experienced investors always take notice of opportunities when the market is out of favour. 

It’s always seems a lot easier to make a purchase when the market is busy and multiple offers are the norm. In this sort of market buyers tend to drive prices higher. 

In an “out of favour market prices tend to be flat or down, buyers are few in numbers and sellers are motivated to negotiate. This is the exact type of market we like to purchase in. Buy when the masses are on the sidelines and you have the opportunity to shop around and look for opportunities. 

If you are like many investors who know Vancouver, the prediction is for long term appreciation once the economy stabilizes, interest rates begins to fall and immigration takes hold. We think that a real estate investment today will likely prove to be a great decision when you look back in 5 years. Remember, real estate is not like the stock market with prices going up and down in a matter of weeks and months. Real Estate has always best been played as a long-term investment with a horizon of 5 years and longer. 

If you are sitting on cash and want to put some to work now, we see some great opportunities out there. One segment of the market we like are Pre Sales. Think about this, you can make a 5 to 15% deposit on a pre sale property paying the full balance in 2 to 3 years. If you like the location and upside of a particular location for its growth then quite possibly, by placing a deposit now on a property in that location today when it’s time to close the purchase in 2025, you may find the value has already increased well above what you negotiated back in 2023. If it has not appreciated it’s ok, your time horizon is long term. What will it be worth in 2028 and beyond is what you should be asking. 

Right now developers are offering tremendous incentives to lure buyers in the doors. Those incentives can be in the form of unit upgrades, interest earned on buyer deposits, a free Tesla , 12 months of no strata fees and so on. Developers are also offering smaller upfront deposits to secure a purchase. When the market was going gangbuster, most developers wanted 20-25% down over a 1-2 year period. The deposits now in many cases have been reduced to 10-20% down. This means as a buyers you are tying up a lot less capital but securing the right to own that property 2-3 years before it’s built. 

If you are looking to add to your real estate holdings we have some great ideas on where and what to invest in. Real estate as a long term holding strategy can lead to tremendous retirement nest egg. Let us show you how. 


We have sold a property at 2963 29TH AVE W in Vancouver
We have sold a property at 2963 29TH AVE W in Vancouver.
Unique and Elegant classic south facing family home in the prestigious MacKenzie Heights area. A showpiece of a European Builder, this residence is equipped with excellent quality and workmanship, designed to the highest standard with 3 spacious levels living. 5 bedrooms and 5 bathrooms in total, 1 bedroom in-law suite in basement with separated entrance. European windows, hardwood flooring and radiant heating through out. Steps from Balaclava Park, easy access to DT Vancouver, UBC, Richmond and all amenities. Short drive to all top private schools. Lord Kitchener Elementary/Prince of Wales Secondary catchment.

We have sold a property at 785-791 42ND AVE W in Vancouver
We have sold a property at 785-791 42ND AVE W in Vancouver.
Attn Investors & Developers. Prime 8400 sq ft in Cambie Corridor Phase 3 Dev . Zoned for Townhouse Dev with a 1.2 FSR. The existing dwelling is a legal S X S duplex with each residence offering 3 bedrooms and approx 2000 sq ft per side. 791 W 42nd was recently renovated for $ 4500pm. Great holding property with over $ 9000 pm of potential rental income. Presently Owner occupied on one side. Location is steps to new Oakridge Dev, King David Sec School and JCC. All viewings are by appt only.

We have sold a property at 606 2409 43RD AVE W in Vancouver
We have sold a property at 606 2409 43RD AVE W in Vancouver.
BALSAM COURT - one of Kerrisdale's finest Concrete Co-op buildings! This bright, spacious NE corner 1 bdrm/1bath suite features a great floor plan, lovely Oak hardwood floors throughout and a lovely treed outlook. Wonderful amenities include free laundry on each floor, common roof-top VIEW deck & an outdoor pool. Incredibly well maintained bldg feat. new roof, piping, boiler, elevator, interior painting and S & NW parkade membrane replacement. Within walking distance of Kerrisdale shops, terrific restaurants, public transit, community centre, parks, library, etc. Maintenance Fee includes property taxes, heat & hot water, gardening, maintenance and management company. Adult oriented building 19+, no pets, no rentals, no smoking. Minimum 35% down payment. Call now for your private showing!


The Latest 2023 Market Stats by area are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by Property
  • Type 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 us to request it and I'll send it to you.



Below average home sales allow inventory to inch upwards

VANCOUVER, BC – March 2, 2023 – February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s* housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent increase from the 1,022 homes sold in January 2023.
Last month’s sales were 33 per cent below the 10-year February sales average.

“It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year,” said Andrew Lis, REBGV’s director, economics and data analytics. “On the plus side for prospective buyers, the below-average sales activity is allowing inventory to accumulate, which is keeping market conditions from straying too deeply into sellers’ market territory, particularly in the more affordably priced segments.”

There were 3,467 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2023. This represents a 36.6 per cent decrease compared to the 5,471 homes listed in February 2022 and a 5.2 per cent increase compared to January 2023 when 3,297 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,868, a 16.7 per cent increase compared to February 2022 (6,742) and a 5.2 per cent increase compared to January 2023 (7,478).

“While we continue to expect home price trends to show year-over-year declines for a few more months, current data and market activity suggest pricing is firming up. In fact, some leading indicators suggest we may see modest price increases this spring, particularly if sales activity increases and mortgage rates hold steady,” Lis said. “In the somewhat unusual market environment we find ourselves in right now with higher mortgage rates, fewer sales, and inventory that is inching higher but remains far from abundant, working with a Realtor who understands your local market conditions and has experience navigating challenging markets is paramount.”

For all property types, the sales-to-active listings ratio for February 2023 is 23 per cent. By property type, the ratio is 16.8 per cent for detached homes, 30.1 per cent for townhomes, and 25.8 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,123,400. This represents a 9.3 per cent decrease over February 2022 and a 1.1 per cent increase compared to January 2023.

Sales of detached homes in February 2023 reached 514, a 49.1 per cent decrease from the 1,010 detached sales recorded in February 2022. The benchmark price for detached properties is $1,813,100. This represents a 12 per cent decrease from February 2022 and a 0.7 per cent increase compared to January 2023.

Sales of apartment homes reached 928 in February 2023, a 49.9 per cent decrease compared to the 1,854 sales in February 2022. The benchmark price of an apartment property is $732,200. This represents a three per cent decrease from February 2022 and a 1.6 per cent increase compared to January 2023.

Attached home sales in February 2023 totalled 366, a 34.6 per cent decrease compared to the 560 sales in February 2022. The benchmark price of an attached unit is $1,038,500. This represents a 6.3 per cent decrease from February 2022 and a 1.8 per cent increase compared to January 2023.




The Burnaby House Flip Synopsis:

Our client who owns a home in Burnaby that was a foreclosure and renovated it with a turn around time of 5 weeks, with permits.

  • 940 square foot condo 
  • two bedroom
  • one bathroom
  • complete renovation in just over one month. 

Renovations often make a property sell faster with more offers. We are happy to consult on your property. Please call us anytime: 604-657-7936

In the meantime, take a look at our current listing

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.