Bill Noy White Rock South Surrey Realtor
The rising price of "heaven"
a truly global real estate market
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Home Prices by neighbourhood

Townhome Prices by neighbourhood

Apartment Prices by neighbourhood

Sales-to-Active Listings Ratio

Average price

Strong summer carries through September
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"busiest September since 2009"

Home buyers active in Vancouver
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"sales exceeding the 10-year average"

Home Sales Continue on Upward Trend in September

The British Columbia Real Estate Association (BCREA) reports that a total of 7,636 residential sales were recorded by the Multiple Listing Service in September, up 17.5 per cent from September 2013. Total sales dollar volume was $4.4 billion, an increase of 25.8 per cent compared to a year ago. The average MLS residential price in the province rose to $574,641, up 7.1 per cent from the same month last year.

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Racism, affordability and Chinese buyers

It is no secret to anyone in Lower Mainland real estate that wealthy Mainland Chinese buyers drive the higher end of the market. However the impact in other areas of the market are not as significant. There are other factors at work driving overall affordability. As the Economist points out. Vancouver sits between San Francisco and Hong Kong in overall affordability. Bob Rennie delivered a speech to the Urban Development Institute in May, in which he said "sensational" stories making that link were "bordering on racism". Bob Ransford in the Vancouver Sun made similar comments.

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What are they? A Depreciation Report is a business plan that factors in when common assets such as roofs and elevators will need to be repaired, renewed or replaced. The idea behind depreciation reports is to budget for inevitable expenses so that strata owners are not ýblindsidedţ by Special Levies.
What is means to you No depreciation report creates uncertainty for buyers and may effect their ability to get financing.
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Economic Forecasts

Facts and figures from the Brtish Columbia Real Estate Associatiion