EDISON' SMART  Real Estate Outlook and Blog.

  WEST - newest project by the Executive Group in the South East False Creek area. LiveatWest.com is the official website for this development. The word 'Affordability' is a relative term. West is the most affordable compared to the other projects in the South East False Creek area. There is tremendous value here with 1 beds starting at $268,900 and 2 bedrooms starting at $449,900. $449k is usually a price of one bedroom and den in downtown! all homes at West include parking, which is usuall ... Full Article...

OMEGA is the newest Low Rise project of Concord Pacific in Richmond. Omega is located in the developing  area near Cambie and Garden city. The location itself is pretty central. With Concord Pacific's standards of excellence and quality this project will for sell fast. Omega project has a few features that make it special ..first of all the price point. The price point of these condos are around or under $400/sqft making these the most AFFORDABLE New Condos in RICHMOND! The next feature is that ... Full Article...

Greater Vancouver housing market maintains a steady spring pace VANCOUVER, B.C. – May 2, 2012 – Home sale and listing activity has maintained a consistent pace on the Mul- tiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service® (ML ... Full Article...

Increased selection helps maintain balance in Greater Vancouver housing market Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 per cent increase compared to the 2,545 sales recorded in February 2 ... Full Article...

Mandarin Residences - The Newest project in Richmond B.C. Mandarin Residences is the newest developement in the the downtown core of Richmond. Priority registration is now underway at the preconstruction Richmond BC condos at the Mandarin Residences that start from $299,900. There are over one hundred and fifty homes priced under $399,900 and the previews start March with the public grand opening starting in April 2012. With real estate values in Richmond BC skyrocketing, the new Mandarin Re ... Full Article...

Telus garden is to be the second tallest building in the Vancouver downtown. Developer Westbank along with Telus will be introducing the 2nd tallest tower in the Vancouver Skyline. At 53 stories the Telus Garden building will only be second to Living Shangri-La. Westbank was also the developer behind Shangri-La, which is currently the tallest in Vancouver at 62 stories. In actuality the whole block starting from Robson and Seymour towards West Georgia and Richards will be totally revamped. ... Full Article...

Greater Vancouver housing market trends near long-term averages as spring market approaches Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577 sales recorded in January 2012, a decline o ... Full Article...

Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® ... Full Article...

Balanced real estate market prevailed through much of 2011 The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales ... Full Article...

Historically normal activity keeps the Greater Vancouver housing market in a balanced state The Greater Vancouver housing market saw relatively typical home sale and listing activity in November. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 ... Full Article...

I had the pleasure to visit the presentation center of PATINA with a client last week. It is Concert's newly completed building in the central downtown Vancouver. They only  have a handful of units left from their Final Release. At 42 stories its among the tallest buildings in the downtown core, definitely a landmark in the Vancouver skyline.  With its central location residents are only steps away from restaurants, luxury shoppes along famed Robson street, IGA marketplace, Churches, and a Movi ... Full Article...

The sales of this new community will begin early next year. This master planned community will be self sustaining, with many services and amenities available right downstairs for all the residents of Marine Gateway. To list a few, the community will have their own Movie theatre, bank, grocery store, retail offices, doctors offices and restaurants as well. The community will consist of two residential towers and a shorter office tower. The location is ideal with the Cambie RAV line station right ... Full Article...

Home listings continue to rise in the Greater Vancouver housing market Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increas ... Full Article...

Greater Vancouver home sales trend toward buyers’ market over summer August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple ... Full Article...

Active home sellers bring greater selection to the Greater Vancouver housing market While the balance between home buyer and seller activity remains in an equilibrium range in the Greater Vancouver housing market, last month’s home sale total was below the 10-year average for July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,571 in ... Full Article...

Summer housing market trends toward balance after an active spring season Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 per cent increase compared to the 2,972 sales in June 2010 and a 3.4 per cent decline compared to the 3,3 ... Full Article...

Greater Vancouver housing market holds steady and favours sellers in May Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7 per cent increase compared to the 3,156 sales in May 2010 and a 4.7 per cent increase compared to the 3,225 sales in ... Full Article...

  Quintet - "A defining cosmopolitan centrepiece in the heart of Richmond: five towers and townhomes connected by an exclusive two-acre private park, plus the future home of both Trinity Western University and a new City of Richmond Community Centre. Combining front door access to the finest urban amenities with the unparalleled luxury of a greenspace makes this the most coveted address in downtown Richmond." I have uploaded 2 new videos of the newly finished model units in the sales centre. If ... Full Article...

Greater Vancouver housing market sees typical spring activity in April Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,5 ... Full Article...

Home buyers and sellers enter the housing market at near record pace in March Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7 ... Full Article...

REBGV reports increased housing demand in February! Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside. For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced the 10-year average in both categories. From a historical perspective, February’s 3,097 home sales outpace the 2,742 home-sale avera ... Full Article...

Wanting to Buy into "The Village"?  Watch this Video first! http://ca.news.yahoo.com/video/canews-22424922/condo-buyers-beware-24279135.html let me know what you think!

Vancouver is Ranked # 1 most livable city in the WORLD! According to Reuters Life! who did a survey! http://www.reuters.com/article/2011/02/21/us-cities-liveable-idUSTRE71K0NS20110221 Just goes to show how beautiful Vancouver is!

New Pricing for the Olympic Village, going on Sale soon!! Check out the story, that they are supposedly slashing the prices by at least 1/3! http://www.vancouversun.com/business/Olympic+village+condo+prices+slashed+average+third/4263975/story.html

Residential property values in Metro Vancouver jumped over the past year. Richmond came out as the clear leader at 17.14%. Residential market values at a glance: West Vancouver +13.03% North Vancouver +8.05% Vancouver +12.17% Burnaby +12.07% New Westminster +9.11% Coquitlam +9.12% Maple Ridge +5.54% Richmond +17.4% Surrey +7.58% Delta +9.2% Langley City +6.69% Abbotsford +6.50% Whistler -2.06% Victoria 4.04% Nanaimo 5.58%   FAQ's about your own property's assessment. - http://evalu ... Full Article...

Wall Center False Creek - Tower 4 -The Final Phase The 4th and final tower of this development has started its sales. Location wise, its located right across Millenium Water project and at a fraction of the price of their esteemed neighbours. They are not holding back either with their as luxurious finishes and excellent quality.  Prices start around $600/ sqft. for 2 beds. Also an added bonus for investors, if you put down a deposit of 20% - you will be given 2.5% credit per annum on your depo ... Full Article...

Dream of home ownership gets easier in B.C., RBC report says Now is a good time to take advantage of low interest rates....   Read more: http://www.vancouversun.com/business/Dream+home+ownership+gets+easier+report+says/3903920/story.html#ixzz16naw1RGR

B.C. suspends 15% income tax cut Sorry this has nothing to do with Real Estate but I just had to write my displeasure with the damn Campbell Government. When I first heard about the tax cut, I was happy to hear that Campbell was trying to right the wrong that he did with HST, and then yesterday he announces that they are suspending it. The term "Indian Giver" comes to mind. He just announces that it will happen and then a few weeks later oh ok nevermind we not doing it anymore. Didn't he also u ... Full Article...

Olympics-Vancouver's athletes village in receivership It was announced yesterday that the highly touted Millenium Water project or Athletes Village went into receivership. It was already bailed out once before in the infamous "backroom deal" in City Hall. The highly acclaimed luxury apartments didn't meet its projected sales.  Even being the Athletes Village in the 2010 Olympics, people were not fooled into buying low quality finishes at a truly high price. What does this mean for the remaining ... Full Article...

Home sales remain steady in Greater Vancouver Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling. According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6 per cent to $579,34 ... Full Article...

Ora  - Newest Richmond Waterfront project by Onni Phase 1 is sold out already and now they are about to release Phase 2. Phase 2 is going to be the closest to the water. Onni's floor plans are normally well laid out with the 2 bedrooms usually apart from each other giving more privacy for each bedroom. Pricing is pretty low relative to its close neighbors RIVER Green. Phase 1 pricing was around 540 a sqft, but is expected to increase a little for phase 2. However, I do have good news. If you or ... Full Article...

Quintet - A Grand Estate I got a chance to go visit the new development. They have a Huge showroom at 5900 Minoru blvd. y 2013 downtown Richmond is going have a new cityscape with these 5 buildings being erected right in the middle. With units priced at $473/sqft its not a bad investment into the future of Richmond. If anyone has any more questions or wants to take a look at the showroom please let me know @ 6047281939 or email me at echua@sutton.com. Ill gladly talk to you more about the proje ... Full Article...

Buyer’s market conditions continue in Greater Vancouver Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36 per cent decline from the 3, ... Full Article...

Homebuyers and sellers less active in July Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest sell ... Full Article...

The Greater Vancouver housing market experienced steady activity to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 per cent compared to the 4,259 sales in June 2009, which was the second highest selling June on record. “Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably slower activity witness ... Full Article...