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.

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

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.

Photo courtesy of: Gilad Rom

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!

If you ask a dozen so-called real estate experts and financial planners on whether it's the right time or how to invest in real estate, you’ll receive a dozen different opinions. It’s all about your personal needs and how you invest. If you play your cards the smart way, investing in real estate can lead to a nice, passive income stream for your retirement. It's also an ideal way to leverage and borrow against when values rise so you can buy more property.

Three ways to owning real estate are a) sole purchase and ownership of property, b) form a limited partnership to pool resources and enable the purchase of more expensive property, as well as share risks and returns, and c) indirect ownership of property by investing in REITs where you own shares. Today, I'm focusing on direct ownership of real estate and what options you have. Whether you're a seasoned investor or a novice, there's never really a better time to begin long-term investing because the market always shifts.

Before setting off down this path, speak with your bank or a trusted mortgage broker. Rules for down payments on investment properties differ from if you're buying a principal residence. In Vancouver, a minimum 50% down payment is required to generate a break-even monthly cash flow. With property prices so high in the lower mainland, the idea of buying a property and generating cash flow is a challenging feat unless you have a sizeable down payment. The biggest question to consider is: if I buy this property today, do I need an immediate income stream or am I fine with a break-even or possibly a negative cash flow for the first few years? If you do generate a rental loss, this can be used as a tax write-off at year’s end.

In the current financial climate, a lot of real estate investors in the lower mainland are buying with the expectation that property values will continue to rise, and not for current cash flow. This mind-set makes them more “real estate speculators”. If you’ve bought property in the lower mainland over the past 15 years, you've most likely seen a sizeable increase in its market value. Speculators, for the most part, have done very well. It's all about timing. If you bought a property in Vancouver in mid \-2007 and then sold it when the market fell by 20% in 2008/2009, you may have taken a loss. Buying real estate with a longer time horizon is a safer bet, allowing you to ride any market downturns. Short term investing is a lot riskier.

Buying property in Vancouver right now will typically generate a 2-4% Cap Rate depending on a number of factors. Many investors say this return is too low considering the risks and aggravation of owning a rental property. Other investors are just fine with these returns as they’re more focused on the expectation of rising market values. In the end, it’s your perspective that matters and is a personal decision.

If real estate is an attractive addition to your investment portfolio, we’re always available to offer professional perspective and tailored advice to your needs. Contact us to schedule a personal consultation and let's see how, together, we can create wealth and passive income for you and your family.

Here’s to a healthy and prosperous Spring 2016!

Andrew & Jill Hasman

(Photo: Alex Costin)

January 2016 is the second highest start to the year on record with sales 46% above the 10-year average for the month. Low supply and record-breaking buyer demand is still the driving force in the real estate market.

The total number of residential sales in the Greater Vancouver area totalled 2,519 for the month; a 31.7% increase from the 1,913 sales in January 2015. It was only a slight, 10.9% decline from the 2,827 sales in December 2015.

Real Estate Board of Greater Vancouver’s president Darcy McLeod touts the importance of listing your home with MLS® to ensure maximum exposure. For home buyers, MLS®  is the second greatest tool next to an excellent realtor. With so much competition out there, keeping a constant eye on MLS®  gives buyers the best chance to snapping up the home of their dreams.

2016 Opening Numbers:

New Listings (detached, attached, and apartment) in January: 4,442
6.2% decline from January 2015

119.8% increase from December 2015

Total Active listings on MLS®: 6,635
38.6% decline from January 2015
10.1% increase from December 2015

Sales-to-Active-Listings ratio: 38%

Benchmark price for a detached property is $1,293,700
27.9% increase from January 2015

Detached property sales totaled 1,047
34.1% increase from January 2015

Benchmark price for an apartment property is $456,600
19.4% increase from January 2015

Apartment property sales totaled 1,096
35.5% increase from January 2015

Benchmark price for an attached unit is $563,700
16.4% increase from January 2015

Attached property sales totaled 376
16.4% increase from January 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.

(Photo: explore604)

Family Day isn’t necessarily just for families. It’s a much-needed stat holiday during the bleak days of winter that turns an ordinary Monday in February into your best chance to relax and recharge. Here are the top five ways to stretch the most amount of fun out of your three-day weekend.

1. Both Whistler and Grouse Mountain are offering 50% off for BC residents. Head up the Sea-to-Sky for some of North America’s best skiing, the Fire and Ice Show, tubing, and luxury accommodations. Stick closer to home but still get the best in winter activities--from boarding and snowshoeing, to sliding and skating--at Grouse Mountain. For the full schedule of special Family Day events happening, visit Whistlerblackcomb.com and Grousemountain.com.

2. Sip your way to decadence at the 6th annual Hot Chocolate Festival, happening through February 15th. 25 participants showcasing 59 crazy flavours are taking part to support the downtown eastside’s Women’s Job Training Program. Get your walking map here, and let the indulgence begin!

3. Have littles? Community centers around the lower mainland are hosting various Family Day activities. With everything from arts and crafts to bouncy castles and more, there’ll be something for every tyke. Check with your neighbourhood centres for a schedule of events.

4. The Bloedel Conservatory is one of the city’s best, little known gems. Tropical forests and flowers, over 200 free-flying birds, and the healing gardens designed to engage your senses for total well-being beckon from the top of Queen Elizabeth Park.

5. Unplug and Unwind. Put aside your smartphones, tablets, and power down those computers for one day of true R & R. Business can wait out one stat holiday, your family is hopefully with you anyway, and friends are just an old-fashioned phone call away. Make screentime a dirty word for the day and reconnect with true facetime.

Wishing you all a very Happy Family Day from the Andrew Hasman team.

(Photo: Mark Burge)

Valentine’s Day is just around the corner, and nothing says “I love you” better than time spent together. The lower mainland is not in short supply of spas, but the following top our list for their unique offerings specially tailored to couples. So relax, enjoy, and reconnect with what matters most: the heart of your home, your partner. Box of chocolates optional.

1. The Scandinave Spa in Whistler is renowned for its Scandinavian bath spa experience that is included with every massage. Whether you’re already enjoying time on the hill or making it a day trip, their Duo Massage with hydrotherapy is the perfect way to unwind.

2. Recognized as one of Canada’s Top 50 spas, Spa Utopia at the Pan Pacific Vancouver offers an extensive massage therapy menu, esthetics, and even a salon. Truly relax with your special someone by extending your treatment to indulge in the hotel’s outdoor saltwater pool. Available to spa guests, it features picturesque views of the harbour and North Shore mountains.

3. The award winning Spa Wedgewood in the heart of downtown features a Duet Harmony Massage that can include a hybrid of Deep Tissue, Swedish, and Aromatic massage. Staying at the Wedgewood Hotel? In-Suite and After Hours massages are available as well.

4. Part of the Fairmont family, the Willow Stream Spa is synonymous with luxury. The Pacific Rim’s spa has a designated couples’ room with deep Japanese Zen tub and a variety of uniquely Canadian services, like the Van Active Body treatment should you be in need of recovery after the city’s variety of active offerings.

5. For a truly decadent experience, traveler’s choice Pemberton Valley Lodge is offering a Blissful Couples’ Getaway package. It featuring a massage for two, one-night accommodation, early check-in and relaxed check-out time, champagne, chocolate, and a long-stemmed rose as the finishing touch.

Any hidden gem spas that should’ve been on our list? Let us know!

Your home is your sanctuary, the very essence of you. After all of the time and money spent acquiring it, you want someone who embraces your vision of what that home means, and what you want it to express to others. We’ve rounded up ten of Canada’s top interior designers, each with their own unique approach ready to style your home to perfection.

1. 1. The award-winning Elizabeth Metcalf Interiors pairs understated elegance with modern luxury. Their fresh take on a classic feel has been serving clients in the Greater Toronto Area for over fifteen years. Helmed by Elizabeth Metcalf, the EM team is guided by the belief that a cohesive design philosophy between style and function can transform the home to enhance their clients’ well-being.

1. 2. English import Alan John Marsh got his start in the Montreal offices of internationally acclaimed Design International, designing shopping centres, offices, and commercial spaces across North America. Turning his attention to residential properties in Toronto, Marsh’s signature minimalist aesthetic utilizes modern technology with recycled materials. The unifying thread is his acute attention to the details that make minimalism comfortable, beautiful, and personal.

1. 3. Hailing from the prestigious Parsons School of Design in Paris and Italy’s University of Ferrara for Architecture, Vancouverite Patricia Gray is a multi-talented designer. Her own original artwork and custom furnishings add another dimension to the services she offers. Heading up Patricia Gray Interiors Inc., Gray’s name has become synonymous with exceptional design for functionality and contemporary luxury; it’s no wonder she has a celebrity client list to her credit as well.

1. 4. The imaginative team of George Yabu and Glenn Pushelberg lead the renowned Yabu Pushelberg, which oversees projects in sixteen countries from its East Coast base. Ranging from retail and hospitality to private residences, the experienced team and their partners create designs that evoke youth, adventure, and have a polished approach that comes through in every detail.

1. 5. Vancouver-based Trish Knight’s namesake design studio aims to “create a home that reflects the values, lifestyle, and sensibilities of the people who inhabit it.” Her approachable style that combines sophistication with livability and that undeniably West Coast aesthetic is sought after from San Diego to Singapore.

1. 6. Douglas Design Studio’s aesthetic is creating a space that is uniquely you. The self-named “lifestyle interpreters”, led by Jeffrey Douglas, have been transforming interiors since 1995 from what they were to what they could be. The firm prides itself on client relations and offers a passion for organization and a smooth process to take you from your current state, to your ultimate home.

1. 7. Lisa Canning’s energetic approach that’s at once strategic and passionate will transform your home into an effortless sanctuary. The beauty is in the details, and making sure that every single one of those details works for you, so that you don’t have to. Her design savvy has caught the eye of Toronto’s well-heeled and media alike, her beautiful results are all that matter to her clients.

1. 8. Toronto’s Laura Stein Interiors is an award-winning firm whose bespoke designs are brought to life by a team of skilled contractors and artisans. The woman behind the name, herself a picture of understated luxury with a contemporary edge, underscores every design created with the client’s personality and lifestyle in mind for ultimate livability and comfort.

1. 9. Since 1982 Elaine Cecconi and Anna Simone have been transforming interiors across the world, all the while giving back to the community through their knowledge and experience, such as on HGTV’s Design Interns. Cecconi Simone adheres to the “whole design” philosophy, basing their interiors around the people who inhabit them and the lifestyle that arises from that relationship: functional, striking, unique.

1. 10. Western Living’s Designers of the Year 2015 finalist Enviable Designs offers more than just interior design. Helping clients right from the planning stage through remodels, the ED’s team is there for whatever your home requires. With a distinctly elegant, West Coast aesthetic, the modern luxe result is nothing short of beautiful.

Anyone who should’ve made the list? Share with us!