Happy Holiday Friends from Brad Leslie
2017 – WoW – What a Year !!
THE NEXT CHAPTER
Lots of Government, er, support, and changes A whole new Provincial Government, and their policies 15 % Foreign Buyers Tax Changes to the Residential Tenancy Act Stress Test for Mortgage qualification Changes to the Real Estate Services Act House prices stabilizing, apartment prices are still strong and rising It’s a forever changing scenario That’s why we are here, to help you through all the processes to achieve Your Goals.
I often talk about – “ The Next Chapter” – What is it for you ?
Buy a house or an apartment, move into or out of town, sell the big house and scale down, or, the kids on the way, we better get a bigger place. A Starter Home, a great place to retire or an incoming generating investment property. We have dealt with them all.
And speaking of Next Chapter…
I am really excited to have JOE BAE working with us.
Joe is a rising star in real estate industry and I have every confidence in him carving a wonderful career by serving all of our real estate clients and your family and friends and referrals.
And all of this can only happen because of YOU, our client or your friends or family that you recommend to us, are the most important people.
This year I helped several dozen people wonderful people move towards or achieve their Goals or Next Chapter, by Buying, Selling or just consulting with their real estate needs.
In July we had the Young Men’s Adventure Weekend 2017,
with 120 Wild Men and Young Men!!
Number One Son, Dorian has been event coordinator for the last 5 years and has been doing a great job!
Visit us at www.ymaw.com
You wouldn’t know it but we do challenge them to discover their innate abilities, qualities and potential that will help them be more successful in their adult lives.
NEXT YEAR’S YMAW WILL BE JULY 6, 7, 8, 2018!
The Rockin All Stars
My big band, the Remax Rockin All Stars Band had several gigs in the year, raising funds and FUN.
When I wanted to be a rock n roll star, I should have said, “ in my 20’s”, not in my 60’s
In my family portfolio, Daisy and the Lads are still selling broccoli at the Rootcellar in Victoria, and Dorian is still playing with his computers
Occasionally find time to do some creative carving. Problem is, you do something long enough and its no longer a hobby. Want to see more?
MEANWHILE, IN THE MARKET
Metro Vancouver continues to experience above-average demand and below-average supply
VANCOUVER, BC – December 4, 2017 – Metro Vancouver* saw modest home listing changes and steady demand in November.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 percent increase from the 2,214 sales recorded in November 2016, and a 7.5 percent decrease compared to October 2017 when 3,022 homes sold.
Last month’s sales were 17 percent above the 10-year November sales average.
“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.
There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 percent increase compared to the 3,147 homes listed in November 2016 and a 9.5 percent decrease compared to October 2017 when 4,539 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 percent increase compared to November 2016 (8,385) and a 4.3 percent decrease compared to October 2017 (9,137).
“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.
The sales-to-active listings ratio for November 2017 is 32 percent, which is up three percent since September 2017. By property type, the ratio is 15.9 percent for detached homes (up one percent since September 2017), 36.4 percent for townhomes (down six percent since September 2017), and 67.8 percent for condominiums (up seven percent since September 2017).
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 percent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 pecent over several months.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 percent increase over November 2016 and a 0.4 percent increase compared to October 2017.
Sales of detached properties in November 2017 reached 841, a 31.8 percent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 percent increase from November 2016 and a 0.1 percent decrease compared to October 2017.
Sales of apartment properties reached 1,508 in November 2017, a 25.7 percent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 percent increase from November 2016 and a one percent increase compared to October 2017.
Attached property sales in November 2017 totalled 446, an 18.6 percent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 percent increase from November 2016 and a 0.3 percent increase compared to October 2017.