ANDREW HASMAN'S REAL ESTATE AROUND VANCOUVER


Love it or hate it, a fact of corporate life is the obligatory holiday office party. Whether you look forward to this annual event or drag your RSVP out to the last minute, this year, break the office party mold and celebrate the holidays like a pro with these etiquette tips.


Get Social

Don’t hang around the food all evening! Break social barriers between departments and introduce yourself, or your immediate coworkers, to others in the company; it’ll liven up the evening for everyone involved. The key to a good introduction is making it memorable. Add an anecdote, play with mnemonics, and always make it accurate and sincere.


Make a Statement

So you’ve exited your comfort zone and spoken with people you don’t know, now it’s time to decide how much you really want to party. Keep in mind: this is still a business holiday event, so keep it fun but tasteful. This is your chance to shine outside-the-box, so play up your strengths. While being master of the dance floor is one thing, boozing it up is quite another. Don’t be the one that’s had too much to drink. Do be the one they’ll want to seek out at next year’s party.


What Did the Invite Say?

You don’t want to be remembered for wearing your ugly Christmas sweater to the semi-formal. Pay attention to the details: start and end times, dress code, and if a Secret Santa gift* is required.

 

*Side note: choosing your own gift in the present exchange is probably frowned upon! See: Make a Statement.


Timing is Everything

That goes from not showing up ten minutes before the party is over just to save face--they’ll notice, trust us--to etiquette at the buffet line. Keep your plate minimal, and if they pass around hors d'oeuvres, avoid transferring the food directly from the tray to your mouth. They hand out those little napkins for a reason. Lastly, proving you can still pull an all-nighter won’t get you any brownie points either.

 

In the end, these holiday office parties are a way to connect. You might see these people on a daily basis, others you may not, this is your chance to show warmth, enthusiasm, and spirit. And humility goes a long way. Have fun out there!


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From the traditional to one of the city’s best kept not-so-secret annual traditions, we’ve put together a list of festive fun for date night to keep you on the “Nice” list. Whether you’re looking for a distraction from packing up before the big move, or a new Vancouver homebuyer, here’s some of the best ways to celebrate the season in the city.


Get a Christmas Tree

Nothing says Christmas like a fresh cut tree. True, some stratas don’t allow the real thing, but it’s still fun to grab a hot cocoa and wander through the lot ogling towering firs. Run by volunteers, Aunt Leah’s Tree Lots around the Lower Mainland have been providing Vancouverites with their trees for 20 years, all in the name of charity. 100% of their profits this year will go to foster youth at risk of homelessness and mothers in need. For locations and hours, check out AuntLeahs.org.


7th Annual Vancouver Christmas Market

Get into the spirit with a mug of traditional Glühwein, the mulled wine beverage of choice for the holidays, as the Vancouver Christmas Market returns for its 7th year on November 26th until Christmas in its new seaside location at the Jack Poole Plaza under the Olympic Cauldron. Shop for edibles and artisanal goods from home and abroad.


VSO’s A Traditional Christmas

Go classy and get tickets for the Vancouver Symphony Orchestra’s annual Traditional Christmas concerts, hosted by Christopher Gaze and featuring EnChor and the UBC Opera Ensemble lead by VSO’s new Assistant Conductor, William Rowson. Concerts start December 8th.


Winter Solstice Lantern Festival

Celebrate the solstice as a community Wednesday, December 21st. Starting at 6pm with a lantern procession in Yaletown, Granville Island, and Chinatown/Strathcona, there will be multicultural performances and activities in each of the neighbourhoods to follow. Each celebration is unique to its neighbourhood, reflecting the community by illuminating the darkest night of the year.


The Original Ugly Christmas Sweater Party

Grant a wish for a child with a life threatening illness by taking your dearest to the ugliest party in town. Friday, December 23rd the Commodore Ballroom hosts the 15th Annual Ugly Christmas Sweater Party  in benefit of the Children’s Wish Foundation. Featuring live music, DJ, contests, carollers and more.

 

What’s your favourite way to celebrate the season? Share with us on Facebook!

 

Photo: Vancouver Christmas Market

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The changing Metro Vancouver real estate market dynamics that started to see a decline in homes sales earlier this fall continued last month. Less homes were listed, and fewer sales were made, resulting in a 38.8% decrease from 3,646 sales in October 2015 to 2,233 in October 2016. It’s also a marginal 0.9% decrease from September 2016. Overall, October sales were 15% below the 10-year average for the month.

 

“Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them.”


Morrison went into further detail by stating the detached market has seen the largest reduction in homebuyer demand. He concluded with the tip: “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”


October Real Estate Market Stats:

New Listings (detached, attached, and apartment): 3,981
3.5% decrease from October 2015
17% decrease from September 2016
9.5% below 10-year average for October


Total Active listings on MLS®: 9,143
4.5% decrease from October 2015
2.3% decrease from September 2016


Sales-to-Active-Listings ratio: 24.4%


Benchmark price for all residential properties: $919,300
24.8% increase from October 2015
0.8% decrease from September 2016


Benchmark price for a detached property is $1,545,800
28.9% increase from October 2015
1.4% increase from September 2016


Detached property sales totaled 652
54.6% decrease from October 2015


Benchmark price for an apartment property is $512,300
20.5% increase from October 2015
0.3% increase from September 2016


Apartment property sales totaled 1,178
23.7% decrease from October 2015


Benchmark price for an attached unit is $669,200
25.7% increase from October 2015
1.1% decrease from September 2016


Attached property sales totaled 403
39.5% decrease from October 2015


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


Correction notice:

Altus Group, provider of the national MLS® Home Price Index (MLS® HPI), miscalculated in their September 2016 reporting which resulted in variances of between 0.1% and 5% in the benchmark prices the REBGV released last month. Click here for the updated report.


*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.


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VANCOUVER, BC – November 2, 2016 – Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*.

 

Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold.

 

Last month’s sales were 15 per cent below the 10-year October sales average.

 

“Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and- see approach to try and better understand what these changes mean for them.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,981 in October 2016. This represents a decrease of 3.5 per cent compared to the 4,126 units listed in October 2015 and a 17 per cent decrease compared to September 2016 when 4,799 properties were listed.

 

Last month’s new listing count was 9.5 per cent below the region’s 10-year new listing average for the month.

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,143, a 4.5 per cent decrease compared to October 2015 (9,569) and a 2.3 per cent decrease compared to September 2016 (9,354).

 

The sales-to-active listings ratio for October 2016 is 24.4 per cent. 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.

 

“While sales are down across the different property types, it’s the detached market that’s seen the largest reduction in home buyer demand in recent months,” Morrison said. “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 24.8 per cent increase compared to October 2015 and a 0.8 per cent decline compared to September 2016.

 

Sales of detached properties in October 2016 reached 652, a decrease of 54.6 per cent from the 1,437 detached sales recorded in October 2015. The benchmark price for detached properties is $1,545,800. This represents a 28.9 per cent increase compared to October 2015 and a 1.4 per cent decrease compared to September 2016.

 

Sales of apartment properties reached 1,178 in October 2016, a decrease of 23.7 per cent compared to the 1,543 sales in October 2015.The benchmark price of an apartment property is $512,300. This represents a 20.5 per cent increase compared to October 2015 and a 0.3 per cent increase compared to September 2016.

 

Attached property sales in October 2016 totalled 403, a decrease of 39.5 per cent compared to the 666 sales in October 2015. The benchmark price of an attached unit is $669,200. This represents a 25.7 per cent increase compared to October 2015 and a 1.1 per cent decrease compared to September 2016.

 

Download the complete stats package here.

 

Correction Notice:

Altus Group, the provider of the national MLS® Home Price Index (MLS® HPI), discovered a calculation error in their September 2016 reporting. This error resulted in variances of between 0.1 and 5 per cent in the benchmark prices the REBGV released for September 2016. Corrected September MLS® HPI numbers can be found at here.

 

*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.

 

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 13,000 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 www.rebgv.org.

 

For more information please contact us.

 

 

 

Photo: popejon2

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