I highly recommend Evelyn Lopez. She’s very professional, honest and she’s really interested in getting me a good home. I had a lot of questions being a First Time Home Buyer and Evelyn was patient and calm as she explained everything. She’s also reliable, I have come to ask her for help for few times and she’s always been there to help out in so many ways. She has a wide range of network of connections so if you need assistance, Evelyn is your go to person. 
 
Angie C.
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Metro Vancouver home sales decline below historical averages in 2018

Metro Vancouver* home sales in 2018 were the lowest annual total in the region since 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales recorded in 2017, and a 38.4 per cent decrease compared to the 39,943 residential sales in 2016.

Last year’s sales total was 25 per cent below the region’s 10-year sales average.

“This past year has been a transition period for the Metro Vancouver housing market away from the sellers’ market conditions we’ve experienced in recent years,” Phil Moore, REBGV president said. “High home prices, rising interest rates and new mortgage requirements and taxes all contributed to the market conditions we saw in 2018.”

Home listings in Metro Vancouver reached 53,614 in 2018. This is a 1.9 per cent decrease compared to 54,655 homes listed in 2017 and a 6.9 per cent decrease compared to the 57,596 homes listed in 2016.

“The supply of homes for sale will be an important indicator to follow in 2019. We’ve had record building activity in recent years and many projects will complete soon. This will provide additional housing options for home buyers across the region,” Moore said.

The MLS® HPI composite benchmark price for all residential homes in Metro Vancouver ends the year at $1,032,400. This is a 2.7 per cent decrease compared to December 2017.

“As the total supply of homes for sale began to accumulate in the spring, we began to see downward pressure on prices across all home types throughout the latter half of the year,” Moore said.

The benchmark price of detached homes in the region declined 7.8 per cent over the last 12 months and 7.3 per cent since June 2018. Apartment homes increased 0.6 per cent over the last 12 months and have declined 6.4 per cent since June 2018. The benchmark price for townhomes in Metro Vancouver have increased 1.3 per cent since December 2017 and have decreased 5.3 per cent over the last six months.

December summary

REBGV reports that residential home sales in the region totalled 1,072 in December 2018, a 46.8 per cent decrease from the 2,016 sales recorded in December 2017, and a 33.3 per cent decrease from November 2018 when 1,608 homes sold.

Last month’s sales were 43.3 per cent below the 10-year December sales average.

There were 1,407 detached, attached and apartment homes newly listed for sale on the MLS® in Metro Vancouver in December 2018. This represents a 25.6 per cent increase compared to the 1,891 homes listed in December 2017 and a 59.3 per cent decrease compared to November 2018 when 3,461 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,275, a 47.7 per cent increase compared to December 2017 (6,958) and a 16.5 per cent decrease compared to November 2018 (12,307).

For all property types, the sales-to-active listings ratio for December 2018 is 10.4 per cent. By property type, the ratio is 7.1 per cent for detached homes, 12 per cent for townhomes, and 14.2 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.

Sales of detached homes in December 2018 reached 348, a 43.6 per cent decrease from the 617 detached sales recorded in December 2017. The benchmark price for a detached home is $1,479,000. This represents a 7.8 per cent decrease from December 2017 and a 1.4 per cent decrease compared to November 2018.

Sales of apartment homes reached 535 in December 2018, a 34 per cent decrease compared to the 1,028 sales in December 2017. The benchmark price of an apartment home is $664,100. This represents a 0.6 per cent increase from December 2017 and a 0.6 per cent decrease compared to November 2018.

Attached home sales in December 2018 totalled 189, a 49.1 per cent decrease compared to the 371 sales in December 2017. The benchmark price of an attached home is $809,700. This represents a 1.3 per cent increase from December 2017 and a 1.1 per cent decrease compared to November 2018.

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Evelyn is amazing in helping us deal with the worry and stress of buying our new home and selling our condo. She answered our questions and gave information that were useful in our decision making. She listened and represented our needs and interests during the contract negotiations. Evelyn is easy to reach either by phone or email and there was transparency in all our interactions.

We are grateful. --- Don & Maya

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I just finished uploading this Condo for sale, 507 215 TWELFTH STREET, Uptown NW, New Westminster, BC

The perfect one bedroom condo at a most affordable price! This top floor corner suite has it all! Polished from top to bottom for you to enjoy ASAP! Engineered hardwood floors in living area & bedroom, freshly painted throughout, granite counter tops in kitchen & bathroom, updated appliances. THIS HOME SHINES!Quiet SW location off Twelfth St. Situated on bus route, skytrain, restaurants, shopping, schools all just a few blocks away. Walk to New West Quay for strolls along the boardwalk. Strata is in excellent condition: shingle roofs replaced 2013, balconies 2013, exterior sealants 2013. 2 pets are permitted with no size restriction. No rentals permitted. The perfect affordable & extra spacious 713 sqft one bedroom condo in a top notch strata & preferred location.

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I just finished uploading this Condo for sale, 607 1310 CARIBOO STREET, Uptown NW, New Westminster, BC

Welcome to River Valley Apartments located in Uptown New Westminster. Unit offers 2 bedrooms, 2 full bath, big balcony for your BBQ. Nicely updated with crystals ceiling lights on the hallways, dining and bedroom. Master bedroom have a huge walk-in closet. Laminate floor on living and beautiful tile flooring in the kitchen. Unit have in-suite laundry, with new hot water tank. Unit comes with 2 parking spots and 1 locker. Perfect for First time home buyers or investors. Bldg. is very well maintained with pro-active strata. New Windows, low strata fee for 1,018 sq. ft. of floor area. 2 pets and Rentals allowed, Day care in the building. School Catchment is Lord Tweedsmuir Elementary, Fraser River Middle School, New Westminster Secondary Schools. Close to shopping-Walmart, Save-on and parks.

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I just finished uploading this Condo for sale, 604 66 W CORDOVA STREET, Downtown VW, Vancouver West, BC

Downtown living at 60 West Cordova. Gastown area. This gorgeous corner unit offers 2 bedroom/2 bath with high ceiling & large windows. It's colourful modern kitchen features polished countertop, white quality appliances & unique cabinet designs. The vibrant living room leads to a private wrap around balcony for added living space. Unit has insuite laundry & storage space. Residents in this building have full access to the bldg amenities like the rooftop for your BBQ & enjoy the view of Canada Place & North Shore mountains. It also has a fitness centre, party room & extra laundry room on the rooftop. No parking, pet & rental friendly. Walking distance to VFS, VCC, SFU, BUS STOP IS RIGHT OUTSIDE THE BLDG. Open house Saturday 1-4pm.

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I just finished uploading this Apartment for sale, #103 127 E 4TH STREET, LOWER LONSDALE, NORTH VANCOUVER, BC

Well maintained building in a desirable Lower Lonsdale neighbourhood. This unit features 2 Bedrooms and 2 Bathrooms with wrap-around balcony, insuite laundry, storage, secured parking and conveniently located close to shops, restaurants, transit and other urban amenities. Unit needs TLC. Heat and hot water included in the maintenance fee.

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I just finished uploading this 1/2 DUPLEX for sale, #208 7333 16th Avenue, Highgate, Burnaby, BC

Location! Location! Welcome to Southgate. Well-maintained 2-bdrm townhome in Highgate. Tis unit features a 9-ft ceiling (living room), fireplace, granite countertop, stainless appliances, balcony for BBQ/outdoor entertaining, secured underground parking and newly installed carpet & hot water tank. Conveniently located close to transit, Edmonds Community Centre, shopping centre, Elementary/Secondary schools, Highgate Village, Save-On-Foods and other urban amenities

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I just finished uploading this Apartment for sale, #312 7330 SALISBURY AVENUE, HIGHGATE, BURNABY, BC

WELCOME TO BOTANICA, BUILT BY AWARD WINNING DEVELOPER LEDINGHAM MCALLISTER. THIS 2 BDRM/2 BATH UNIT FEATURES UPGRADED APPLIANCES (STAINLESS REFRIGERATOR, STOVE/RANGE HOOD & DISHWASHER) IN SUITE LAUNDRY, LAMINATE FLOORS, WALK-IN CLOSET AND STORAGE. CONVENIENTLY LOCATED CLOSE TO HIGHGATE VILLAGE, TRANSIT, RECREATION CENTRE, RESTAURANTS AND OTHER URBAN AMENITIES.

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I just finished uploading this Condo for sale, 202 827 16TH STREET, Hamilton, North Vancouver, BC

Beautifully cared for well-maintained 2 bdrm end unit. Features granite countertops, quality cabinets, stainless appliances and large bright windows. Heat and hot water included in the maintenance fee. Conveniently located close to Capilano Mall, PriceSmart, transit and other urban amenities. Rentals allowed. Hurry, this unit will not last.... First Showings at the Open Houses: Sat & Sun, Mar 4th & 5th, 2-4 PM.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.