ANDREW HASMAN'S REAL ESTATE AROUND VANCOUVER

 

Vancouver Real Estate May Report

 

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.

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Current as of June 02, 2016. All data from the Real Estate Board of Greater Vancouver. Powered by ShowingTime 10K. Percent changes are calculated using rounded figures.

 

 

* This represents the total of the Vancouver - West area, not the sum of the areas above.

 

 

 

Current as of June 02, 2016. All data from the Real Estate Board of Greater Vancouver. Powered by ShowingTime 10K. Percent changes are calculated using rounded figures

 

 

 

* This represents the total of the Vancouver - West area, not the sum of the areas above.

 

 

 

Current as of June 02, 2016. All data from the Real Estate Board of Greater Vancouver. Powered by ShowingTime 10K. Percent changes are calculated using rounded figures.

 

 

* This represents the total of the Vancouver - West area, not the sum of the areas above.

 

 

Current as of June 02, 2016. All data from the Real Estate Board of Greater Vancouver. Powered by ShowingTime 10K. Percent changes are calculated using rounded figures

 

 

Note: $0 means that there is no sales activity, not $0 as an MLS® HPI Benchmark Price.

 

 

 

 

Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.

 

Current as of June 02, 2016. All data from the Real Estate Board of Greater Vancouver. Powered by ShowingTime 10K. Percent changes are calculated using rounded figures.

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In celebration of the best guy around, we’ve rounded up our favourite boys’ day out activities to make Sunday, June 19th unforgettable this year.


Our Top Five Things To Do This Father’s Day Weekend


1. Kick off the weekend with a BC Lions football game versus the Calgary Stampeders Friday, June 17th. Get your tickets here! More of a European football fan? The Vancouver Whitecaps are playing New England Revolution Saturday, June 18th, tickets available here.
 
2. More the adventurous type? Have lunch 2,000 feet above sea level. About an hour’s drive from Vancouver, the 11km adventure hike that is the renowned Stawamus Chief overlooks the town of Squamish with spectacular views of the surrounding mountains and water. Choose from old-growth forest trail or one with views of Shannon Falls. Feeling particularly daring? The front face of the Chief is popular for experienced rock climbers.
 
3. If chilling’s more the order of the day, stop by The Liberty Distillery’s Cocktail Lounge on Granville Island. Sip one of the Distillery’s artisanal premium spirits, handcrafted on site “from grain to glass” at the 110-year-old antique bar. Service starts at 11am; meaning on boys’ day, any time is a good time to try the good stuff.
 
4. Get cultural and take in a play at the annual Bard on the Beach festival. There are two preview performances of award-winning The Merry Wives of Windsor on Sunday, June 19th. This classic tale of mischief and sweet revenge is set against the beautiful back-drop of mountains and water at the Bard tents in Kitsilano’s Vanier Park. For more performances, check the official schedule here.
 
5. A short, thirty-minute drive out of the city will have you on the Redwoods Golf Course doorstep. This lush, 18 hole Ted Locke Championship course offers breathtaking views of the surrounding mountains beyond the tree-lined green. Redwoods also offers a Driving Range, the Grill, and flexible bookings from a one-time tee time to seasons’ passes.
 


No matter how you choose to spend your guys’ day, we wish you and all the dads out there a Happy Father’s Day!



Photo credit: Juan Gomez


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Jewish Independent newspaper clipping feat. Andrew and Jill Hasman

 

Thank you to the Jewish Independent for featuring us in last week's paper! If the image is difficult to view, we've transcribed the exerpt below. 

 

"A power couple in real estate: Andrew and Jill Hasman are experts in West Side homes.

 

Handsome couple. Jill and Andrew Hasman, eh? And a handsome couple handsomely coupled in marriage as they are partners in their highly successful real estate firm, Andrew Hasman and Associates, serving this community for more than 20 years. “And we’re also married 20 years,” adds Jill.


Andrew, born in England. Jill, in Winnipeg. But this town is where they met, married and merged professionally. Inevitable, I figure, that Andrew and Jill chose professional independence. “I’m from an entrepreneurial family,” says Andrew. “My parents were always self-employed,” says Jill. Like parents, like progeny!


As real estate-nik partners, Andrew explains he’s more the business side ... “market specifics and property valuations.” Jill ... “I tune up the house for resale, provide the craftspeople and coordinate the necessary tasks to get a home ready and in order for topdollar resale.”


Metro Vancouver is the Hasman beat, so to speak, “but our expertise is in West Side home sales,” concludes the couple. And I’ll conclude as I began ... a couple, indeed, most handsome!"

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Vancouver

Spring is out of the gate at top speeds. The March numbers are in, and they’re breaking new records. Residential property sales in the Lower Mainland totalled 5,173 this past month: a whopping 56% above the 10-year sales average for March. They were up by 24% from February alone (4,172 sales), and 27.4% up from the 4,060 sales in March 2015.


“Strong job and economic growth in our province, positive net migration and low interest rates are helping to drive this activity,” said Real Estate Board of Greater Vancouver’s new president, Dan Morrison. Morrison, who started his tenure as the REBGV’s fearless leader last month, went on to explain that the demand is broad-based. Meaning sales aren’t concentrated in one particular neighbourhood, which is great news for sellers looking to get their properties on the market.


There were a total of 6,278 new listings in March, covering detached, attached, and apartment properties across Metro Vancouver. It’s a moderate 5.2% increase from the same time last year, and an 8% increase from February. What’s interesting, is that the total number of properties for sale is 7,358; a dramatic 40.5% decline from March 2015.

The Rest At a Glance:

Benchmark price for all residential properties: $815,000
23.2% increase from March 2015


Benchmark price for a detached property is $1,342,500
27.4% increase from March 2015


Detached property sales totaled 2,135
24.8% increase from March 2015


Benchmark price for an apartment property is $462,800
18.8% sales increase from March 2015


Apartment property sales totaled 2,252
38.4% increase from March 2015


Benchmark price for an attached unit is $589,100
20.1% increase from March 2015


Attached property sales totaled 786
8.9% increase from March 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.


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home staging

The industry secret to a successful real estate sale is home staging. Beyond the careful market research and hiring a good realtor that homeowners need to do in preparing their home to list, professional staging can be the hat trick that gets them the top dollar they’re asking for.


Your house could be spotless, have every new appliance and a manicured landscape, but when it comes to the small details of what will entice potential buyers into believing your home could be theirs, staging is what will go that extra mile to get those better offers. Whether it’s that personal family photo versus an eye-catching piece of art or your well-loved furniture compared to the luxurious dining set, master bedroom suite or living room accents of your buyer’s dreams; it’s a Stager’s job to make those dreams come true--even if just long enough to get that above-asking offer.


Revamp Home Staging: “making the most out of your property”, states one of Vancouver’s premier companies in the field. With over 2,000 homes, display suites, condos and penthouses furnished and decorated since 2003, Revamp enhances the uniqueness of each property to its maximum potential with one goal in mind: to sell fast, and to sell for more. Nothing is outsourced, and thus co-founders Michael McNamara and Rien Sharma and their team of interior designers are able to work their magic on tight deadlines. Experienced in the latest design trends and colour palettes, they will transform your home to perfection.


Another of Vancouver’s staging companies that aims to wow is Flüff. Its extensive 15,000+ square foot warehouse chock full of unique furniture, art, and accessories is all arranged by easy-to-use colour stories. Their expert team of interior designers, “TheFlüffians”, are ready to assist you under the guidance of owner Patti Houston and make the process enjoyable and productive. From homes to film sets, Flüff is a stager’s paradise; whether you’re already working with an interior designer or a homeowner looking to get a handle on it yourself, everyone is welcome.


Going it alone? Start with the top three pro tips from Patti Houston, Owner of Flüff Designs:

1. A great rule of thumb is to hang art 60" from the floor. Lower hanging art actually makes ceilings appear higher.

2. Don't overdo accessorizing! Know when to stop. It's also important to use greenery in every project; nothing beats nature.


3. Never compete with a view!


See the proof of home staging success in a past sale of ours. $5000 in home staging can easily add $50,000 to the selling price of your home. It's that effective! We’re always available for your questions: contact us today or find us on Facebook!


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Vancouver

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.


Rick Cluff: There’s much debate on the role of foreign investment in Vancouver’s real estate market. We don’t collect data on how many homes are bought by overseas buyers, though the BC government says it’s going to begin doing that. But, we do know the top international wealth managers are advising clients to invest in Vancouver real estate and our city just topped places such as San Francisco and Sydney as the #1 luxury real estate market in the world. CBC’s Catharine Rolson took a trip around the world to find out how the debate over foreign ownership is playing out in other cities, and what they’re doing about it.

Catharine Rolfsen: Before we head overseas, let’s start a little closer to home with our neighbours to the south. I spoke to Kathleen Pender, business columnist with the San Francisco Chronicle and she says prices in that city have gone up astronomically as well.

Kathleen Pender: Many people feel like it’s a combination of people with high paying tech jobs and people coming from overseas with lots of cash wanting to invest in our market. It’s as much as an investment as a place to live. Those two factors are making housing unaffordable for most people in the Bay area.

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: Isn’t that interesting to hear the bulk of anger of housing prices is directed towards tech workers!  

CR: Last year the UK introduced a hefty capital gains tax on sales of foreign- owned residential property, but really that move just leveled the playing field between overseas investors and British residents.

Daniel Bentley with the London Think Tank Cevita says the political attitude in London is to really embrace foreign real estate investment. But another conversation is beginning to emerge,  –and that’s the fickle nature of foreign investment in real estate.

Daniele Benltleu: The danger of attracting hot money into London is that when it was good, it was good. Now it might be turning and if people get scared off by that, things can quickly go wrong.

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.


RC: So it sounds like London and San Francisco are pretty much taking a hands-off approach when it comes to foreign investment. Did you find places in the world that are cracking down?

CR: We've heard on our program people are citing the example of Australia. I spoke to Alison Chung, she’s a real estate reporter for a news court in Australia. She says the debates in cities like Sydney can sometimes take on a racial tone.

Allison Chung: There is a bit of a Chinese community in north Sydney and there was a man who was protesting among them. He didn’t realize there are a lot of local Chinese people living there who have probably been there for the past two to three decades.

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 what’s Australia done then about the actual issue of foreign ownership?

CR: Foreigners are only allowed to buy new properties, hey have to seek official approval to do so, and it costs at least $5000 just to make an offer. But the challenge is enforcing the rule. Last year, Australia stepped up its crackdown on illegal property purchases. Foreigners who break those rules can face up to 3 years in jail and lawyers and realtors can face penalties as well for helping them. Allison told me about a recent high profile case where the government forced a sale of a $39mil mansion that was bought illegally by one of China’s richest men. It showed the government is actually trying. But Allison says agents tell her that many other such sales go under the radar and officials have limited resources to chase down those kinds of transactions.
 

RC: So then is Australia a model that Vancouver should be considering or further investigate?


CR: I had a really interesting conversation with Allison comparing the rules in Australia with those in Canada.

AV: Canada doesn’t seem to have any restrictions or any taxes for foreign buyers. That’s definitely the first step to enforcing some form of regulation, but I wouldn’t say Australia is the perfect model. We’re definitely still struggling ourselves. 
 

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.


What’s your take on foreign investment in Vancouver? Let us know in the comments!


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orchid

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!

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Easter brunch

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!


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Saltspring Island

Sometimes a little R & R is in order, even if a big vacation abroad isn’t. Being in the midst of buying or selling can be an especially stressful time, or simply long days at work with little time at home can put one over the top. Why not treat yourself to a Staycation? Doing something just for you once in awhile can clear the cobwebs and rejuvenate for a higher quality of life and better productivity. Here are a few of our favourite staycations in the lower mainland:


1. Enjoy a leisurely a bike ride around Stanley Park. Pack a picnic, stop in at the aquarium, and take in the magnificent views. The 11km seawall winds around the park, giving you 360 degree views of the harbour, mountains, downtown and west and north shores. Getting in touch with nature combined with exercise will boost those endorphins and have you refreshed in no time. Bike rentals available.

2. Continue the tourist in your own town adventure with a Geocaching adventure. Using your GPS, you’ll go on a “treasure hunt” for hidden ‘cashes’ all around the Greater Vancouver Area. The idea is to get to know your city while looking for these hidden stashes, of which there are reportedly over 4,000 of in Vancouver! We recommend stopping in at La Casa Gelato as your reward. With over 218 flavours of gelato made on site, you could spend an entire afternoon sampling alone.

3. If you’re in the mood for something a little more low-key, why not re-discover Granville Island. Indulge in a night at the recently-renovated Granville Island Hotel. Featuring plush accommodations and the delectable Dockside Restaurant, you’re free to roam the island’s wealth of artisanal offerings from and even take in a yoga class with views of False Creek before settling in for the night.

4. Discover Deep Cove. From lush parks and trails to kayaking and cultural events, this little oasis is a short, twenty-minute drive from North Van. Known as “The Cove” to locals, this hidden gem at the foot of Mt. Seymour feels a million miles away from the city; perfect for a day trip away from reality.

5. For an extensive day trip worth the ferry ride, Salt Spring Island boasts being one of the warmest places in Canada during these long winter months. With a plethora of artists’ studios, spa options, and restaurants, this tiny island will enchant you to come back again and again.


Any hidden gem getaways we missed? Share in the comments below!

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