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Things are getting Interesting!!


So.....Even though the month was very slow, we didn't receive a single referral.  Oh well, I guess that means you were all saving them for this month!!!!


IF YOU KNOW ANYONE BUYING OR SELLING IN THE NEAR FUTURE, PLEASE LET ME KNOW AND I PROMISE TO TAKE GREAT CARE OF THEM




Hudson Family Update


CHLOE

Chloe was in her first horse show of the year and while I could share with you a great video of a great ride, I prefer this short clip where Koomie almost tossed her off!! (watch to the end for the fun part!)


LIAM

Liam has started to skate with the Wolfpack and has started a Real Estate Photography business called 99photo.ca that is doing quite well.  He's a little entrepreneur


ANDREA AND SIMON

Andrea went to Alaska on a cruise with her family, and took a helicopter up to the Glacier and was pampered for a week (While I slept in a leaky tent at the horse show)



‘FUTURE-PROOF’ HOMES IN SQUAMISH


TarsemHaus…the first multi-family PASSIVE HOMES in Squamish. Constructed with energy efficient standards well beyond the current building codes in order to provide you with a ‘Future-

Proof’ home; one that exceeds building specifications for years to come. Governing bodies across Canada are raising standards that require new construction and substantial renovations adhere to improved efficiency – limiting environmental impact, while helping you save money in the long run. Tarsemhaus is ahead of that curve and will prove to stand the test of time. With attention to energy efficiency at the forefront – make no mistake that LTO Developments have committed beyond compare by delivering exceptional attention to detail with inviting aesthetics. Bright, modern finishes combine a welcoming impression with function and practicality to suit your lifestyle.


Call me anytime, and I will be happy to take you for a tour and explain the technology being used in these incredible homes. 604-892-8155



20% off to our clients if booked prior to September 30

.....just tell them you saw this ad and are a client of mine and receive the discount.


Noteable sales


In July, we registered 2 sales of the 30 that occurred.  That is a little slow for us, but as is common in the summer, things are a little different.  What is a little interesting is that we had 6 sales over $1M.  One of the sales was a $1.8M home in the Highlands.  The remainder of the sales were spread over all areas and in all categories.  There are a few assignments starting to hit the market, which is interesting as we wonder if MANY more might be on the way. ​


MOST IMPORTANT MARKET TAKE AWAY!!!

The Big News....sales in Vancouver topped the year previous.  This will bode well for Squamish as we are usually 2-3 months behind, which could mean we are in for a strong Fall in September and October.  Watch this unfold!


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STATS - AT A GLANCE




HPI = Housing Price Index (Average Selling Price)

DOM = Average Days on Market

YOY - Year Over Year


All stats taken from REBGV 


FROM MACDONALD REALTY...


August 2019 Market Update

 

CHMC sees 'moderate overvaluation' in Canada's housing market, but little vulnerability overall

After waving a red flag of warning about Canada's housing market for more than two years, Canada's national housing agency says the overall level of vulnerability has inched down from high to moderate over the past six months.
That's one of the main takeaways of a quarterly report from the Canada Mortgage and Housing Corporation on Thursday, in which the housing agency looks at some of Canada's biggest housing markets and assesses their risk level based on four factors:
  • Overheating: when the number of home sales significantly outpaces the number of new listings.
  • Price acceleration: when prices rise quickly, which can be a sign of speculative activity.
  • Overvaluation: when prices are higher than incomes, mortgage rates and local rents can justify.
  • Overbuilding: when there is a higher-than-normal vacancy rate for rentals, or a higher-than-normal amount of new buildings that have yet to sell.
READ MORE
 

Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes in cities across BC.

 
Abbotsford
Bowen Island
Burnaby East
Burnaby North
Burnaby South
Cloverdale
Coquitlam
Kelowna
Ladner
Langley
Maple Ridge
Mission
Nanaimo
New Westminster
North Delta
North Surrey
North Vancouver
Parksville
Pitt Meadows
Port Coquitlam
Port Moody
Richmond
South Surrey/
White Rock

Squamish
Sunshine Coast
Surrey - Central
Tsawwassen
Vancouver - East
Vancouver - West
Victoria
Vernon
West Vancouver
Whistler

Hong Kongers are looking to buy properties in Toronto and Vancouver as protests rage

As protests continue to rock Hong Kong, real estate brokers in Canada and the U.K. are fielding a flood of inquiries from investors in the former British colony who are eager to get out.
Dan Scarrow, president of Macdonald Real Estate Group in Vancouver, said many of his Chinese agents saw an uptick in interest for both sales and rentals this month from Hong Kong.
READ MORE

 
 

B.C. Real Estate News

LOWER MAINLAND

Greater Vancouver home sales jump in July, but prices continue steady slide (Global News)
'A sea change' in Burnaby's direction on housing (Vancouver Sun)
Higher density coming across street from Delta (The Optimist)

WHISTLER

Whistler housing policy continues to evolve (Pique)

VICTORIA & VANCOUVER ISLAND

Vast majority of Island home buyers are local, survey of agents finds (Times Colonist)
Developers clamour for piece of Vancouver Island (Times Colonist)
Townhouses on the rise in popularity in Greater Victoria (Peninsula News Review)
INFOGRAPHIC Which Vancouver Island neighbourhoods are still seller's markets? (Times Colonist)

OKANAGAN

South Okanagan real estate market continues to stabilize, millennials eager to become homeowners (Summerland Review)