The Real Estate Board of Greater Vancouver’s June numbers are in, and it’s still clearly a seller’s market out there. “While we’re starting to see more properties coming onto the market in recent months, the imbalance between supply and demand continues to influence market conditions,” said Dan Morrison, REBGV president.

While the sales-to-active listings ratio was lower last month than it has been since February, overall last month’s residential property sales were 28.1% above the 10-year sales average for June, totalling 4,400. It ranks as the highest selling June on record. “Since March, we’ve seen more homes listed for sale in our market than in any other four-month period this decade,” Morrison concluded.

June 2016 By The Numbers:

New Listings (detached, attached, and apartment): 5,875

1.2% increase from June 2015

6.6% decrease from May 2016

Total Active Listings on MLS®: 7,812

35.9% decline from June 2015

1.1% increase from May 2016

Sales-to-Active-Listings ratio: 56.3%

Benchmark price for all residential properties: $917,800

32.1% increase from June 2015

Benchmark price for a detached property: $1,561,500

38.7% increase from June 2015

Detached property sales: 1,562

18.6% decrease from June 2015

Benchmark price for apartment property: $501,100

25.3% increase from June 2015

Apartment property sales: 2,108

18.8% increase from June 2015

Benchmark price for an attached unit: $656,900

28.1% increase from June 2015

Attached property sales: 730

7.2% increase from June 2015

For a complete comparison, visit rebgv.org. Want to sell, buy, or require a consultation? Contact me today.

*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.

If there’s one thing our city does well, it’s outdoor dining featuring scrumptious menus. With summer finally here, what better way to enjoy Pacific Northwest cuisine than by lounging on Vancouver’s best patios! From swanky chic to tucked away, the Lower Mainland offers some of the best patios with the coolest vibes. Check out our curated list to find your next favourite spot to relax, nibble and sip.

Joe Fortes

Roof top dining doesn’t get any better than Joe Fortes. This steak and seafood institution nestled just off Robson Street on Thurlow delivers consistently delicious West Coast fare, and their spacious patio overlooking the famed shopping district on Robson is outfitted with its own bar, umbrellas, and heaters.

The Roof

For late-night drinks and grilled meat-and-seafood dining, The Roof at Black + Blue Steakhouse in the heart of downtown on Alberni Street features open pit fireplace tables. Its distinctly modern vibe for a sophisticated experience is courtesy of the Glowbal Restaurant Group.

Minami

Minami’s hidden patio in Yaletown is like stepping into a private garden. Relax in a true urban oasis while dining on their signature flame-seared sushi, made to perfection by trained Japanese chefs with Ocean Wise fare.

The Galley Patio & Grill

Take in Vancouver’s breathtaking beach and mountain views from The Galley Patio & Grill at the Jericho Sailing Club. Known for their beachside vibe, Burger Bar, and locally crafted beer and BC wine list, The Galley is the perfect chill spot to while away an afternoon or take in the sunset.

The Sandbar

Cozy up in complimentary blankets under the Granville Street bridge at The Sandbar on Granville Island. Enjoy the fresh seafood-inspired menu by Chef Cooper Green on their covered, elevated patio; complete with fireplace and views of the boats passing in False Creek Harbour.

What’s your favourite summer patio in Vancouver? Share with us on Facebook!

Image credit: Glowbal Group

Known fondly around town as “Kits”, the neighbourhood has undergone several personality shifts since the early 1800s when the Squamish people moved into the area. Named for their chief August Jack Khatsahlano, the area stretches between West Point Grey, Fairview and is bordered by the south shore of English Bay. Largely residential, the remnants of a 1920s apartment boom is still apparent in the Tudor Revival along Cornwall Ave. But beyond the eclectic mix of architectural styles that make up the neighbourhood, Kits is better known for its two main retail areas along West 4th Avenue and West Broadway, restaurants, and organic specialty stores.

History

Two of Kitsilano’s best known landmarks were constructed in the 1930s: the outdoor saltwater public pool right on Kits Beach and the Burrard Bridge that irrevocably expanded downtown Vancouver to the Westside. After the Squamish people relinquished their hold on the reserve land to the federal government in 1946, Kits went through a hippy phase in the 60s as an inexpensive place to live. The Naam restaurant at 4th and Macdonald still stands as a reminder of those days, serving up vegetarian, vegan and natural foods.

Today

Kits still plays host to Greek Day and the outdoor Shakespeare festival Bard on the Beach in Vanier Park as a testament to the area’s varied cultural past. Slowly gentrified by yuppies and young families, the neighbourhood retains a relaxed atmosphere with easy access to 17 beaches, parks, and close in proximity to both downtown and Granville Island. It’s also home to current and former famous residents David Suzuki, actors Ryan Reynolds and Joshua Jackson, and hockey players Trevor Linden and Ryan Kesler. Not to mention that Kitsilano is fittingly the birthplace of famed yoga brand Lululemon Athletica.

Keep an eye out for our listings in lovely Kitsilano! Looking for something even more posh? Read our spotlight on Shaughnessy. You can always contact us for a consultation, as well.

The Real Estate Board of Greater Vancouver released their May numbers, which show no signs of slowing. Though they’re still being outpaced by home buyer demand, sellers are increasing their activity to the point where sales were 35.3% above the 10-year sales average for the month -- the highest sales on record for May.

There were 4,769 residential property sales listed on MLS®, a 17.6% increase from May 2015 and only a marginal 0.3% decline from April this year. REBGV president Dan Morrison attributes sales to our strong economy. “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 result: more record-breaking numbers.

May 2016 By The Numbers:

New Listings (detached, attached, and apartment): 6,289

11.5% increase from May 2015

2.6% decrease from April 2016

Total Active listings on MLS®: 7,726

37.3% decline from May 2015

2.3% increase from April 2016

Sales-to-Active-Listings ratio: 61.7%

Benchmark price for all residential properties: $889,100

29.7% increase from May 2015

Benchmark price for a detached property is $1,513,800

36.9% increase from May 2015

Detached property sales totaled 1,865

8.2% increase from May 2015

Benchmark price for an apartment property is $485,000

22.3% increase from May 2015

Apartment property sales totaled 2,150

34.4% increase from May 2015

Benchmark price for an attached unit is $632,400

24.9% increase from May 2015

Attached property sales totaled 754

2.9% increase from May 2015

For a complete comparison, visit rebgv.org. Want to sell, buy, or require a consultation? Contact me today.

*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.