ANDREW HASMAN'S REAL ESTATE AROUND VANCOUVER

Best Places to Live: Canada Liveability Report

Canadians love where they live; RE/MAX Report explores some of the best places to live in Canada

  • 89 per cent of Canadians would recommend their neighbourhoods to others
  • Major Canadian cities are a beacon for liveability

Canadians genuinely celebrate the liveability factors — the qualities that give each homeowner the true satisfaction of his/her home within the context of a neighbourhood — when it comes to choosing a property to buy and live in. In fact, 89 per cent of Canadians would recommend their neighbourhood to others according to a recent RE/MAX survey conducted by Leger. The latest RE/MAX report examined a variety of quality of life factors and how they impact Canadians’ home-buying decisions.


“Housing is often a contentious topic in Canada, with affordability and inventory being persistent problems from coast to coast,” says Christopher Alexander, Executive Vice President, RE/MAX of Ontario-Atlantic Canada. “However, when buyers are looking for a home, the search begins at the neighbourhood level. And the good news is that Canadians have lots of choice when it comes to ‘liveable’ cities and neighbourhoods.”


Six-in-10 Canadians put easy access to shopping, dining and green spaces at the top of their liveability criteria. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations.

The proximity and availability of these liveability factors is so important that Canadians spend more than two-thirds of their time in their own neighbourhood. This rate is higher among Baby Boomers compared to Gen Z, Millennial and Gen X Canadians.


“While price and value are always top of mind for buyers, there are some aspects about a home that you can’t change,” says Alexander. “These liveability factors are what make your home more than just the place you live. They are at the heart of the Canadian experience, especially when you consider the survey results.”


RE/MAX brokers were also asked to tap into their neighbourhood expertise and rate their city on each liveability factor.




In the west, Calgary ranked high in seven out of 11 categories, including offering good access to employment opportunities, population growth, housing supply, housing affordability and easy access to bike lanes and/or walking paths. Confederation and Nose Hill Park are two of the most popular parks in the city and the Rotary Mattamy Greenway is the cycling equivalent to the ring road. Inglewood, Hillhurst and Charleswood rank as the top three all-around liveable neighbourhoods. Edmonton also ranked high in access to employment opportunities, number of top rated/preferred schools and easy access to bike lanes and/or walking paths.


“Despite reports of slowing economic conditions and a relatively flat real estate market in Alberta, Calgary and Edmonton shine as beacons of liveability,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “This is a promising sign for any buyers considering a purchase in either city as they continue to develop as liveable cities in their own right.”


Toronto ranked medium for access to green spaces and parks but high for availability of big and small retail stores, population growth and access to healthcare facilities. The neighbourhoods that rated highest for access to green space and parks – Rosedale, Leaside and The Beaches – are also the most expensive. Conversely, Toronto’s most affordable neighbourhoods include parts of Scarborough and East York.


Vancouver ranked medium for availability of big and small retail stores, population growth and housing supply. However, it ranked high in availability of public transit, where the Skytrain and bus system prove exceptional; and walkability, especially in Yaletown. Main, West End and Kerrisdale are the top three all-around liveable neighbourhoods in Vancouver while Mount Pleasant, Downtown and Renfrew-Collingwood are the most affordable.


Other regions include Ottawa, where The Glebe neighbourhood is the best for walkability and public transit; Halifax, where Clayton park boasted high inventory; Hamilton, where Beasley was best for affordability; Winnipeg, where Transcona is a hidden gem neighbourhood; Saskatoon, where Nutana is the all-around best neighbourhood for liveability; and Nanaimo, where Central Nanaimo is best for affordability.


“Liveability encompasses the many intangibles when buying and selling a home than an algorithm will never sufficiently capture. You need word of mouth and the on-the-ground expertise of a REALTOR® who has genuine locale knowledge like few others,” adds Ash.

Key findings from the 2019 RE/MAX Liveability Report Survey


Learn more about Vancouver in this report by clicking here.

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A lack of foreign buyers to blame for plummeting home prices

January real estate numbers show further softening of the Metro Vancouver real estate market, and nowhere is that effect more dramatic than on Vancouver's West Side.


I say the lack of foreign buyers is why homeowners who bought in the pricey part of the town a few years ago are now selling for huge losses.


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Vancouver East and West Real Estate Stats for November 2018

The Novemebr Market stats 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 me to request it and I'll send it to you.


DOWNLOAD VANCOUVER EAST

DOWNLOAD VANCOUVER WEST

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Metro Vancouver homes sales down across all property types

VANCOUVER, BC – December 4, 2018 – Home buyer demand remains below long-term historical averages in the Metro Vancouver* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 per cent decrease from the 2,795 sales recorded in November 2017, and an 18.2 per cent decrease compared to October 2018 when 1,966 homes sold.

Last month’s sales were 34.7 per cent below the 10-year November sales average and was the lowest sales for the month since 2008.

“Home buyers have been taking a wait-and-see approach for most of 2018. This has allowed the number of homes available for sale in the region to return to more typical historical levels,” Phil Moore, REBGV president said. “This activity is helping home prices edge down, across all property types, from the record highs we’ve experienced over the last year.”

There were 3,461 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2018. This represents a 15.8 per cent decrease compared to the 4,109 homes listed in November 2017 and a 29 per cent decrease compared to October 2018 when 4,873 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,307, a 40.7 per cent increase compared to November 2017 (8,747) and a 5.2 per cent decrease compared to October 2018 (12,984).

For all property types, the sales-to-active listings ratio for November 2018 is 13.1 per cent. By property type, the ratio is 8.9 per cent for detached homes, 14.7 per cent for townhomes, and 17.6 per cent for apartments.

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.

“Home prices have declined between four and seven per cent over the last six months depending on property type. We’ll watch conditions in the first quarter of 2019 to see if home buyer demand picks up ahead of the traditionally more active spring market,” Moore said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,100. This represents a 1.4 per cent decrease over November 2017 and a 1.9 per cent decrease compared to October 2018.

Detached home sales in November 2018 reached 516, a 38.6 per cent decrease from the 841 detached sales recorded in November 2017. The benchmark price for detached homes is
$1,500,100. This represents a 6.5 per cent decrease from November 2017 and a 1.6 per cent decrease compared to October 2018.

Apartment home sales reached 810 in November 2018, a 46.3 per cent decrease compared to the 1,508 sales in November 2017. The benchmark price of an apartment property is $667,800. This represents a 2.3 per cent increase from November 2017 and a 2.3 per cent decrease compared to October 2018.

Attached home sales in November 2018 totalled 282, a 36.8 per cent decrease compared to the 446 sales in November 2017. The benchmark price of an attached home is $818,500. This represents a 2.6 per cent increase from November 2017 and a 1.3 per cent decrease compared to October 2018.


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The September Market stats 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 me to request it and I'll send it to you.


DOWNLOAD VANCOUVER EAST

DOWNLOAD VANCOUVER WEST

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Vancouver East and West Sales Stats Packs for August

Home buyer demand stays below historical averages in August


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.

Last month’s sales were 25.2 per cent below the 10-year August sales average.
“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.”


Download the Eastside stats pack here

Download the Westside stats pack here

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Vancouver East and West Sales Stats Packs

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in June 2017, and a 14.4 per cent decrease compared to May 2018 when 2,833 homes sold.
Last month’s sales were 28.7 per cent below the 10-year June sales average.


Download the Eastside stats pack here

Download the Westside stats pack here

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With Spring Break and Summer vacation in sight, you might be dreaming of escape to other climates. While your Vancouver home is where your heart is, vacation is a good way to rest and recharge so you can tackle that To Do List with a fresh, clear mind. Whether it’s prepping your Eastside house or Westside condo for the spring real estate market, or unpacking those last few boxes into your new home; a little holiday could be just the thing. But first, choosing the right destination can make or break your next family vacation.


How to Choose the Right Resort for All-Ages

It might not even be a resort! Be it a campground, all-inclusive, or Air BnB, choose your vacation ‘home’ carefully. It’s not just you (and your partner) anymore! Paying that little extra for a 1- or 2-bedroom suite so you and the kids --or grandparents!-- have your own sleeping areas is well worth the money to ensure everyone is well-rested for the days ahead. Whether you’ve got children, teens, or seniors along, researching ahead of time what amenities your hotel has for those age groups or are in the vicinity will save you wasting precious vacation time later.


Use the big sites like Expedia.com, Booking.com, and Hotels.com as a jumping off point, then visit the hotel’s website directly for room options, availability, and amenity details.


Keep Your Options Open

If an all-inclusive sounds like heaven to you, keep in mind that you’ll want to keep your options open. While it’s fine to simply sit by the pool day in-and-out, the others in your group might not feel the same. There’s plenty of fun to be had beyond the hotel wall: do a little leg-work on what’s available for sightseeing around the property. Most destinations have kid-friendly parks, and make sure there’s something for adults, too! Choosing a vacation that’s solely for one age-group won’t be much fun for everyone.


Direct Is Best

Choosing your perfect family vacation spot can be as simple as picking one with a direct flight. Long travel days wear on everyone; little ones to unaccustomed adults alike. Also, by choosing a home-away-from-home that’s central to all the things you want to do, you’ll save on the hassle of transporting multiple people--and the possibility of meltdowns. Keeping your expectations low and daily To See list short are also key.


#1 Way to Ensure Family Vacation Bliss

BE FLEXIBLE. Over the years as airport and border security have tightened with more stringent rules and international destinations come with a whole new set of tricky obstacles to maneuver, it’s become key to plan ahead. However, unexpected things will crop up. Also, take into account traveling with more people automatically means things will take more time and it’s important to keep that in mind. Sometimes, it’s best to just go with the flow, keep your cool, and everyone will have a better time for it! Remember the cardinal rule of travel: it’s supposed to be fun.



Let us know your favourite family vacation destinations in the comments below! 
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