Please visit our Open House at 205 NINTH ST in New Westminster.
Open House on Saturday, June 29, 2019 2:00PM - 4:00PM
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Open House: June 29 2-4, June 30 11 am -1 pm.
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Please visit our Open House at 205 NINTH ST in New Westminster.
Open House on Sunday, June 30, 2019 11:00AM - 1:00PM
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Open House: June 29 2-4, June 30 11 am -1 pm.
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Please visit our Open House at 205 NINTH ST in New Westminster.
Open House on Sunday, June 23, 2019 1:00PM - 2:30PM
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Open House: June 22 2-4 & June 23 1-2:30pm.
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I have sold a property at 21 12296 224 ST in Maple Ridge.
THE COLONIAL! This beautifully renovated upper end unit is where your search ends. You'll be impressed by the new kitchen including cabinets and granite counter tops(even in the pantry), laminate flooring throughout, new paint and light fixtures. The spa-like bathroom features new tile, new floor, fixtures and a custom vanity/mirror. 1184 sq ft and it feels even bigger with all of the extra windows being an end unit. Enjoy the sunshine on your front deck or if you prefer the shade you can find that on your back deck! Complex has newer roofs, deck surfaces and paint and a strong contingency fund. One cat allowed, no dogs. Excellent central location, a 19+ age restriction and a well-managed strata make this the perfect home.
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I have listed a new property at 202 1155 HOMER ST in Vancouver.
Privately perched on the 2nd floor garden level, offering added security and tranquility, this concrete townhome is part of a limited collection of residences at City Crest. Every detail of this home has been thoughtfully designed to meet the needs of the meticulous buyer. Living areas are nicely appointed for separation that distinguishes each space for an array of versatility. Enjoy both city views from the dining/kitchen areas, and the serene landscaped garden from the living room. Upper bathroom has been recently renovated, with an airy spa like feel and a luxurious wet room. This very unique city home offers a spectacular 540 sf rooftop patio, perfect for outdoor entertaining and al fresco dining.*OPEN HOUSE: SAT JUNE 15TH 2PM-4PM * 1 parking/locker Incl.
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Please visit our Open House at 205 NINTH ST in New Westminster.
Open House on Saturday, June 22, 2019 2:00PM - 4:00PM
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Book a viewing today. Open Jun 22/23 2-4
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I have sold a property at 9998 RATHBURN DR in Burnaby.
2 storey plus basement home. Living room has vaulted ceilings lined with cedar, wood burning fireplace. Kitchen with eating area and family room. Laundry room on main floor. Upper floor has 3 bedrooms and 2 bathrooms. Basement has a bedroom, 3 pce bath, large recroom and storage room with built in cabinets. Roof approx 2011 & Hot Water Tank approx 2014. Newly renovated Oakdale Park across the street for the kids, new playground equipment, pathway & benches. Lots of walking trails near by. Located on the Burnaby / Coquitlam boarder just off North Road & Broadway. Easy access to Skytrain & transit, Several shopping opportunities close by in Burquitlam and Lougheed Mall. Quick access to highway 1, Simon Fraser University.
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I have sold a property at 217 428 8TH AVE W in Vancouver.
Large, south facing open plan studio with 11' ft ceilings in the iconic XL Lofts. XL is an all concrete live/work building at 8th and Cambie. This bright unit features concrete floors, gas fireplace, built in loft bed, in suite laundry and an amazing amount of storage, complete with built in California Closets. Exceptionally large and private patio for outdoor living - with sunny, southern exposure and big enough for entertaining! 1 parking. Pets and rentals allowed. Perfectly situated in Mt Pleasant with a Walk Score of 98 - just steps from the Skytrain, Whole Foods and more.
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We hear all the time if the Vancouver Real Estate market is in a bubble or if the bubble is going to burst.  In order to answer this question we likely need to determine what is a real estate bubble?  We also need to determine what constitutes a bubble bursting?


First off what is a bubble and what is a real estate bubble?

My take is a bubble is something that has been propped up for a single reason, or for reasons that are more filled with emotions than reality.  When a penny stock goes from 10 cents to 10 dollars it’s usually because a massive wave of buyers were scared to miss out.


They may not even care what the stock is or why people are buying it.  They just know that their friend bought it for 10 cents and is now drinking margaritas pool side after making a fortune. But when the momentum changes, and people see the stock coming down, they all jump ship as they don't really even know what this stock is that they own.  They also don't have a purpose for this stock.  


Blue chip stocks are expensive, and they serve a valuable purpose in our daily lives.  Apple, Nike, CN Rail etc.  These are companies that we all use and know.  We don't look at these stocks as being in a bubble when they go up and when they dip down we don't run for the hills.


So how does this relate to real estate?  Let's use Northern Alberta for example.  When there is talk about a new pipeline or big drilling going to a small town we see those prices sky rocket.  Investors buy because they see a shortage of housing and tremendous job growth.  Workers are being paid well as it's hard to find workers to go to these areas.  These same workers are willing to spend more for a home as they are making substantially more.  But when the oil dries up or the project is over these towns crumble.  This is because they were propped up by only ONE factor.


Now let's look at the Vancouver Real Estate market in terms of why it boomed.


1) Foreign Buyers

Obviously buyers from China had a influence in our market.  But within the group of Chinese buyers we had typical off-shore investors as well as families relocating, students moving for school and developers moving their money here.  We also had other groups.  Iran, Russia, USA and Mexico have also been very influential in the amount of money that has landed in Vancouver.


2) Lack of Supply

The City of Vancouver has done an amazing job of retaining our view corridors and limiting the size of towers.  With that they have also limited the number of homes that could be built within the city.  When the boom was happening we simply had way too much demand compared to supply.  


3) Population Growth
Vancouver's population growth has been tremendous as well.  According to this article the city of Vancouver went up by nearly 500,000 people between 2010 and 2019.  Our tech industry is growing and with more jobs available more people will continue to move here.  Amazon coming to Vancouver is a great example.

4) Scenery/Weather
Simply put, Vancouver is a beautiful city and one of mildest climates that you will find in Canada.  Retirees want to live here due to accessibility of health care as well as the ease of not living in a snowy region.


5) Money Laundering
With all of the news recently, we need to talk about this.  Was this the reason the market boomed?  Likely not.  But to say it didn't have any impact is likely foolish.  Illegal money was definitely put into the real estate market.  How much and for how long?  We will likely never know, and it is my guess that there will continue to be some illegal money going into this sector.

6) Speculation

As the market was booming, buyers flooded the market hoping to not miss out.  Similar to the 10 cent stock we discussed earlier, as people saw their friends, colleagues and family members reap the rewards of the booming market, buyers rushed in.  Investors stretched themselves and moved money from stocks to real estate. 

These are the main 6 reasons why I believe that we saw the growth that we did in the market.  In 2005 the Benchmark price in Metro Vancouver was $386,200.  In May 2018 the same benchmark price went to $1,104,400.  That is an increase of $718,200 in 15 years or nearly $50,000 per year!

So let’s go back to the bubble phenomenon that we keep hearing.  Has our bubble popped?  Let’s go through our list of 6 reasons why it’s increased the way it has.


1) Foreign Buyers - Do we still have foreign buyers coming into Vancouver?  Yes, although slower and more cautious we still have foreigners immigrating to Vancouver daily.  The new taxes have drastically put a damper on this; however, we are still seeing foreign buyers in our market.


2) Lack of Supply - We are still surrounded by mountains and the ocean.  The city is still being reluctant to allow infill housing, although the new duplex zoning should help increase some density.


3) Population Growth - Our population growth continues and likely will for the forceable future.


4) Scenery/Weather - Forest fires aside, Vancouver remains one of the most desirable cities to live in.


5) Money Laundering - The government is putting in regulations to curb money laundering.  It will slow down but will likely always be a factor.


6) Speculation - We are seeing MUCH LESS speculation these days.  Taxes that have been implemented and a general cooling of the market has really slowed down this pillar.


When I look at this list 2, 3, and 4 will likely never change.  Foreign buyers have slowed down, money laundering has likely slowed down and speculation has definitely slowed down.  There is no question why we have seen a slow down, but I by no means see this as a BURSTING BUBBLE. 

At the beginning of this blog I discussed bubbles being propped up by singular factors and the way I see it we will always have at least 3 pillars driving our market.

For that reason I expect to see regular corrections and regular inflation, but I DO NOT consider our market a bubble and I by no means see a hard crash landing.

If you have any questions about this topic or any others feel free to reach out to us directly.  We would love to hear your feedback and any topics that you would like us to discuss.


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I have listed a new property at 205 NINTH ST in New Westminster.
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Book a viewing today.
Read full post

Please visit our Open House at 205 NINTH ST in New Westminster.
Open House on Saturday, June 15, 2019 2:00PM - 4:00PM
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Book a viewing today.
Read full post

Please visit our Open House at 205 NINTH ST in New Westminster.
Open House on Sunday, June 16, 2019 2:00PM - 4:00PM
Welcome to this Gem of a home situated just steps from all of the amenities that New West has to offer, including Simcoe Park, Douglas College, Sky Train and Shopping. This ONE owner home has 12 foot ceilings throughout the main floor, along with 3 bedrooms, living room and a large eat in kitchen. Fantastic potential to restore and enhance the beautiful character details (like hardwood floors and beautiful trim/baseboards) throughout the spacious rooms. Downstairs you will find 7' ceilings in the untouched space, waiting for your design ideas. This cute lot is beautifully landscaped with mature grape vines, rosebushes, and views of the Fraser River from the front porch. If you're looking for a detached home with fantastic potential, look no further. Book a viewing today.
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When you are ready to buy your first home you have a few critical decisions to make.  First you need to decide how much you are willing to spend.  You should get a pre-approval from a mortgage broker, and from there decide if you want to max that out or spend a bit less so that your budget can remain more manageable.

You will need to decide next what is most important in terms of the home you are going to buy.  In Vancouver price per square foot is a very standard way of valuing a property.  If you are buying a condo, most units within the building will sell in and around the same price per square foot, unless they are substantially renovated or the view is drastically different.  Of course there are outliers for penthouses or units with large patios, but generally a 2 bedroom condo on the 8th floor will sell for a similar price per square foot as a 2 bedroom condo on the 9th floor.

If you are like most buyers and you don't have an unlimited budget, there are usually some things that you need to give up.  The newer, the bigger and the more central buildings usually sell for more.  

So do you want an older wood frame building that has larger square footage but it's a block from the beach?  Or would you rather something a bit smaller, maybe concrete and newer, but it's maybe not as central as you had hoped?

Well we can't tell you exactly what is important for you, but if you are looking at it in terms of a long term investment there are a few KEY factors to think about:

1) What condition is the building in? The last thing you want to do is buy in a problematic building.  Read the documents, ask your Realtor, and do some homework on the building.  You can fix a leaking dishwasher but dealing with a negligent strata is much more difficult.


2) Location Location Location... You've heard this before, but it still rings true.  When markets slow down, the good areas generally hold value better.  With that being said if you can look for areas that have reasons to grow (maybe a new hospital or skytrain or new restaurants) then look at what the area is going to be like in 5 years, not right now.  This is where you can really make some good decisions!

3) Layout - In a condo you can only do so much.  If the living room is an awkward shape it's likely always going to be an awkward shape.  You may be able to open up the kitchen or take down a wall or two but if you buy a pie shaped condo, it will always be a pie shaped condo.

4) PRICE - Last but not least.  When buying you want to make sure you get in at a number that will make sense not only today, but down the road.  Get your Realtor to do a market analysis to give you a good understanding of what the place is worth and what you can likely buy it for.


At the end of the day deciding where to buy will really depend on what is important to you.  I look for areas that have new transit opportunities, expected growth and areas close to parks and commerce.

I always advise my clients to first get into a good building, then look at what you are willing to give up in terms of size or location.  If you are willing to live in a smaller space in a better area go for it, but if you need more space then we may need to get creative by looking into some areas that have room for long term growth.

If you would like help with your home search don't hesitate to give us a call! 

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I have sold a property at 2825 DOLLARTON HWY in North Vancouver.
RARE WATERFRONT PROPERTY!!! Welcome Home! STOP the search THIS is IT! You have arrived at your own private oasis nestled within the Spectacular magnificence of the city and surrounded by the extraordinary natural beauty of these GORGEOUS ocean views and beautiful sandy beaches overlooking the inlet and Maplewood Wildlife Sanctuary. The house was built to take advantage of the breathtaking views and the landscaping that unfolds at your feet and goes on forever. Every level from every angle drinks in this beauty while providing you a Spacious, open floor plan and outdoor decks and patios for year round indulgence of some of the best natural scenery that is all yours to enjoy! Close to everything and only minutes away from some of the best shopping and restaurants that Vancouver has to offer.
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