Year of Dragon heats B.C. real estate market

Most realtors in Vancouver expect & experiencing v busy time during Chinese NY. This year no exception. However, I've spoken to managers in the Westside, Burnaby & White Rock. Their feed back is agents are very busy doing showings but not many action. Let see what the real sales number is in few weeks & how it compares to the CBC News article on Year of the Dragon heats B.C. real estate market.

Tina Mak Personal Real Estate Corporation

Your Vancouver Radio Realtor

(The Bridge from East to West since 1992)
#1 Female Agent since 2002 @ 
Coldwellbanker Westburn Rlty
International President's Circle Award
Top 5% in Vancouver Real Estate Board
International Real Estate Info. Provider
Co-host of AM1320 Radio Investment Show
5489 Kingsway, Burnaby 
BC V5H 2G1
Tel:604-412-5860
www.Realty4BC.com (English)
www.TinaMak.com (English)
www.TinaMak.ca (温哥华中文地產網頁)

www.GenYrealestate.ca 
Email: tinamak@tinamak.com

Value mainly in land but fixer upper special. Great 49.69ft x 112ft lot with lane access. Couple blocks away from Victoria Dr. Close to Fraserview Golf Course and surrounded by 3 parks (Humm Park, Fraserview Park and Bobolink Park). In the catchment area for Sir James Douglas Elementary School, Sir James Douglas Elementary Annex & David Thompson Secondary School. 15 minute drive to Richmond and Burnaby. First showing on Jan 14 & 15 open house between 2pm & 4pm. If you can't come with agent, pls bring their business card. Quick completion is possible. Don't miss this great opportunity! All measurements approx.

Great Embassy building!Spacious 2 bedroom, 2 bathroom condo available on the roof top garden level with large private patiogreat for pet, having a bbq and entertaining. The layout puts each bedroom on opposite sides for extra privacy with the kitchen& living room separating it. Unit is away from the skytrain, has 2 pkg & 1 locker. 1 cat or 1 dog allowed. No wasted hallway, best practical floor plan. 6000 sf amenity buildings including great gym & whirl pool. Starbucks, Holdom skytrainstation, yoga studio, massage therapist at your door step, Couple stations away from Brentwood mall & Lougheed Mall. Busroute to both university & Burnaby North high school.

Spacious top floor unit in a great central location. South facing unit with lots of natural light and high ceilings. Kitchen is very spacious with lots of cabinet space. 2 large closets in the bedroom. Cheated ensuite. Steps away from the Pacific Coliseum and PNE. 15 minutes away from downtown Vancouver. Great for investors or first time home buyers! OPEN HOUSE Sat & Sun Jan 21 & 22, 2-4pm.

View this recently sold Apartment/Condo or see all my home sales

To read more, click here: Four Seasons Penthouse sells for 28m for details.

Tina Mak Personal Real Estate Corporatio
Your Vancouver Radio Realtor
(The Bridge from East to West since 1992)
#1 Female Agent since 2002 @ 
Coldwellbanker Westburn Rlty
International President's Circle Award
Top 5% in Vancouver Real Estate Board
International Real Estate Info. Provider
Co-host of AM1320 Radio Investment Show
5489 Kingsway, Burnaby 
BC V5H 2G1

Tel:604-412-5860
www.Realty4BC.com (English)
www.TinaMak.com (English)
www.TinaMak.ca (温哥华中文地產網頁)

www.GenYrealestate.ca 
Email: tinamak@tinamak.com

It is well known that in addition to the purpose-built rental stock, private investors of condominium apartment units, town homes, and other secondary suites are the key drivers of growth of Metro Vancouver’s rental stock. CMHC estimated that 25.7 per cent of the apartment condominium stock in Metro Vancouver was rental property. Despite a rental premium associated with these units, reflecting generally newer units and added amenities, the estimated vacancy rate for condominium apartments was lower than for the purpose-built stock at a minute 0.9 per cent, down from 2.2 per cent in 2010. The average rent for a two-bedroom condominium apartment rental unit was $1,663 which compares with $1,237 for a two-bedroom purpose-built rental unit.


Tina Mak Personal Real Estate Corporation
Vancouver Radio Realtor AM1320
www.TinaMak.com
www.Tina Mak.ca 温哥华中文地產網站
www.GenYrealestate.ca
604-412-5860

Empowering Knowledge To Make Sensible Decision

 

Tina Mak Personal Real Estate Corporation
Vancouver Radio Realtor AM1320
www.TinaMak.com
www.Tina Mak.ca 温哥华中文地產網站
www.GenYrealestate.ca
604-412-5860
Empowering Knowledge To Make Sensible Decision

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This stunning custom built house with nice view of the N.Shore Mountains sits on 4.5 acres of land along with the only sweeping lavendar field farm business in the Lower Mainland (Full Bloom Farm). Some of the products & services that the farm offers are bath & body products, culinary lavender for baking (all produced on the farm), aromatherapy, yoga & massages in the house wellness centre. The lifestyle promote here let u escape the stress of the city & focus on personal health. Other potential activities on this property incl farm tours, festivals; weddings/anniversary; winery, etc. It is a rare opportunity to own this spectacular house with a growing business & be able to work from home. Virtual tour on agent website.

First time buyer or looking to buy for investment? This apartment is perfect for you! Completely renovated 2 bedroom apartment on 2nd floor. Hasn't been lived in since renovations have been done, so it's like moving in to a brand new apartment! All appliances are newer. Really well run building with a great building amanger. Central location, close to Holdom Skytrain Station, Brentwood Town Centre (that has a bus loop and a skytrain station attached) and schools (SFU, Alpha Secondary, Brentwood Park Elementary). Perfect for those looking for something that is move in ready and very tastefully done.

The Real Estate Board of Greater Vancouver reports that residential property sales of detached, attached & apartment properties on the region's MLS reached 2,360 in November, 1.9% increase compared to the 2,317 sales recorded in October 2011. Listing on another hand declined 26.3% compared to October 2011 at 3,222 in total.

If you are interested in knowing which part of the city is better for return on investment, here's the quick summary chart below for your reference on the increase of the price range percentage for each city:

Detached:

1) Port Moody 15.4%

2) Squamish 10.8%

3) Pitt Meadows 9%

4) Sunshine Coast 7.1%

5) Coquitlam 6.2%

6) Port Coquitlam 5.1%

7) South Delta 4.9%

8) West Vancouver/New Westminster 4.2%

9) Maple Ridge 3.4%

10) North Vancouver 2.9%

11) Richmond/Vancouver West 2.7%

12) Burnaby 2.6%

13) Vancouver East 2.4%

Apartment:

1) West Vancouver 9.8%

2) South Delta 5.7%

3) Maple Ridge & Pitt Meadows 3.2%

4) Port Moody 3%

5) Port Coquitlam 2.7%

6) North Vancouver 2.2%

7) New Westminster 2.1%

8) Vancouver East 2%

9) Richmond 1.5%

10) Burnaby 1.3%

11) Vancouver West 1.2%

Although sales are down no matter we compare to last year same month or last month, the housing price are still appreciating. To see the full report, please click November Vancouver Housing Stats

Should you have any question, please feel free to contact me at 604-412-5860 or email me at tinamak@tinamak.com

Tina Mak Personal Real Estate Corporation
The Bridge from East to West since 1992
Vancouver Radio Realtor AM1320
www.TinaMak.com
www.Tina Mak.ca 温哥华中文地產網站
www.GenYrealestate.ca
604-412-5860

Empowering Knowledge To Make Sensible Decision