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I have sold a property at 102 1850 SOUTHMERE CRES E in Surrey

I have sold a property at 102 1850 SOUTHMERE CRES E in Surrey. See details here

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers! Open House Sat April 22nd, 2:00-4:00pm

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Open House. Open House on Saturday, May 13, 2023 1:00PM - 3:00PM

Please visit our Open House at 102 1850 SOUTHMERE CRES E in Surrey. See details here

Open House on Saturday, May 13, 2023 1:00PM - 3:00PM

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers! Open House Sat April 22nd, 2:00-4:00pm

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Open House. Open House on Saturday, April 29, 2023 1:00PM - 3:00PM
for access to 1850 Southmere please enter the laneway off 18th Ave beside the Fire Department and park in the visitor's lot

Please visit our Open House at 102 1850 SOUTHMERE CRES E in Surrey. See details here

Open House on Saturday, April 29, 2023 1:00PM - 3:00PM for access to 1850 Southmere please enter the laneway off 18th Ave beside the Fire Department and park in the visitor's lot

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers! Open House Sat April 22nd, 2:00-4:00pm

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Open House. Open House on Saturday, April 22, 2023 2:00PM - 4:00PM
Please enter off 18th Ave alley by the fire department. Proceed to parking lot

Please visit our Open House at 102 1850 SOUTHMERE CRES E in Surrey. See details here

Open House on Saturday, April 22, 2023 2:00PM - 4:00PM Please enter off 18th Ave alley by the fire department. Proceed to parking lot

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers!

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Open House. Open House on Saturday, April 15, 2023 2:00PM - 4:00PM

Please visit our Open House at 102 1850 SOUTHMERE CRES E in Surrey. See details here

Open House on Saturday, April 15, 2023 2:00PM - 4:00PM

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers!

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New property listed in Sunnyside Park Surrey, South Surrey White Rock

I have listed a new property at 102 1850 SOUTHMERE CRES E in Surrey. See details here

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers!

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Open House. Open House on Saturday, April 8, 2023 1:00PM - 4:00PM

Please visit our Open House at 102 1850 SOUTHMERE CRES E in Surrey. See details here

Open House on Saturday, April 8, 2023 1:00PM - 4:00PM

A charming and spacious 668 SF corner 1 BD/1 BA condo with lots of natural light. Features updated kitchen/bathroom fixtures, flooring, and crown mouldings, showing off modern standards. Large rooms and great size nook for a home office. The unit has a spacious patio off the living room or enjoy your summer by the outdoor pool. Located right in the heart of White Rock this complex boasts easy access to transit, schools, community services, shopping and nature. The building boasts new windows and patio doors, adding to its aesthetic appeal. Fully rain-screened in 20 I 5 and both the roof and the boiler have been updated ensuring longevity. An excellent investment for those who value durability and low maintenance costs or for first-time buyers!

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How a REALTOR® Prices your Home

How a REALTOR® Prices Your Home

You’ve loved your home but are ready to move on. How much should you list it for? Although a casual observer might believe a listing price is an arbitrary number, many factors are taken into consideration when pricing, including market conditions, historical data, location and amenities. Overprice a property and it could linger, unsold, for months. Undervalue it, and you’re leaving money on the table. While getting a home appraisal can give you an idea of your property’s worth, pricing a home is part science and part art, so we asked a REALTOR® to break down that process.

“When I’m asked to price a property, there are many aspects involved and lots of fine-tuning,” says David Stevens, a REALTOR® with Royal LePage Coast Capital Realty in Victoria, British Columbia. Some considerations include:

Current local market conditions 

Pricing a home should include looking at the current market conditions and trends in your area. Knowing how many properties with similar features are up for sale and how fast they’re being snapped up can help determine how a property should be priced. 

“This takes into account the ability of active buyers and their buying power or capability,” adds Stevens. “Comparable current and sold listings are an invaluable source of information to look at when pricing, because sold property prices can always be relayed to any buyer or seller by their REALTOR®.”

When there’s low inventory in a neighbourhood, this can create a seller’s market with more competitive listing prices, while a bunch of homes for sale may require lower asking prices and indicate it’s more of a buyer’s market.

Location 

Sought after neighbourhoods near well-respected schools will typically demand a higher price tag,” explains Stevens. 

Remember: even homes on the same street can differ in price—if one side of the street backs onto a body of water, for example, those homes could be priced higher.

Size and layout

 A home’s layout can also factor into its pricing; most families in his market look for three or more bedrooms on one level, notes Stevens. 

“The square footage of a home and land size also influences the value of a property,” he says. “Depending on the area and the buyer trend in an area, aspects like privacy or usable land play a role.”

Age and condition of the house

How old a property is, and whether it has or needs major updates, including windows, roof, kitchen, bathrooms, and mechanical systems all factor into pricing. 

“When the major components of a home have been updated or replaced, many buyers see that as a long-term investment they will not need to spend money on,” explains Stevens.

DIY projects gone wrong can be detrimental in obtaining top dollar because substandard work will decrease your home’s appeal and, therefore, the price, he adds. 

Bonus spaces

A home with an in-law suite or additional income potential can be important as it gives the buyer flexibility with their financing and buying capability, he adds. 

“Within urban communities, it may be hard for a buyer who wants a detached workshop or a studio. This is considered special and not easy to find, so it must be taken into consideration when pricing.”

Seller’s motivation

REALTORS® also take a seller’s motivation into account when pricing a property. For example, if a seller has an accepted offer on another property, or they’re being transferred out of town, they may ask for a compelling listing price to attract more buyers, says Stevens.

What is the MLS® Home Price Index and how does it work? 

REALTORS® have a powerful tool at their disposal—the MLS® Home Price Index (MLS® HPI). It provides a more precise picture of home price trends by gauging prices for the market as a whole, and prices for specific housing categories. This information allows them to do a comparable market analysis, where they learn what other similar homes have recently sold for, which gives them solid indicators on how to price your property.

Because this data can change from month to month, it’s important to use an accurate tool that tracks prices to get the latest information. 

“Ultimately, the pricing of a home is the seller’s decision with the help of their REALTOR®,” says Stevens. “The goal is to price the property to attract serious buyers and to prevent an extended period of time on the market that may ultimately come at a cost.”

Working with a REALTOR® to price your home gives you peace of mind that you’re setting yourself up for success with the advice and expertise of a professional. 

You may also be interested in reading…

Wendy Helfenbaum

Wendy Helfenbaum is a Montreal-based journalist, content strategist and TV producer who covers real estate, architecture, design, DIY, travel and gardening. 

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The Multigenerational Home Renovation Tax Credit: What You Need to Know

Written Curtesy REALTOR.CA TEAM

An increasing number of Canadians are turning to multi-generational living to help save money and cut down on their cost of living.

In fact, the number of homes shared by multiple generations of a family, two or more families, or one family living with non-related persons has risen by 45% in 20 years, according to the latest census data from Statistics Canada. By 2021, there were close to one million of these types of households, making up 7% of all homes in Canada. 

In recognition of this growing trend, the federal government proposed the multi-generational home renovation tax credit in its 2022 budget. As of January 1, 2023, the tax credit is officially in effect. The goal, as promised by the Liberal government during the 2021 election campaign, is to “help make communities more livable while bringing families closer together and better able to care for one another.”

What is the multi-generational home renovation tax credit?

The multi-generational home renovation tax credit is available to families interested in constructing a secondary unit on their property. Eligible families can claim 15% on expenses up to $50,000, so long as the expenses are related to the renovation and incurred after January 1, 2023. The maximum claim is $7,500, and only one qualifying renovation can be claimed per eligible person in their lifetime.

The multi-generational home renovation tax credit helps answer the wide-spread need for more affordable housing. In addition, the credit encourages homeowners to better utilize single-family homes, while reaping the financial and emotional benefits of living with family.

Secondary suites are also a form of middle housing, which is a concept that has gained momentum in many Canadian markets. Middle housing is touted as a way to reshape existing neighbourhoods so they can serve the housing needs of more Canadians, while helping to mitigate urban sprawl. 

What are the qualifications for the multigenerational home renovation tax credit?

In order to qualify for the multigenerational home renovation tax credit, the secondary unit and its residents must meet a few eligibility requirements.

  • The residence must be for seniors over the age of 65, or adults over the age of 18 who are eligible for the disability tax credit within the taxation year that includes the end of the renovation period.
  • The primary property must be owned by the eligible person, the spouse or common-law partner of the eligible person, or a qualifying relation of the eligible person, which could be a parent, grandparent, child, grandchild, brother, sister, aunt, uncle, niece, or nephew.
  • The secondary unit itself must be a self-contained dwelling unit with a private entrance, kitchen, bathroom facilities, and sleeping area. This could be a brand new unit, or an existing unit that requires renovations to meet the requirements of a secondary unit.
  • In most cases, the unit must be inhabited within 12 months after the renovation is completed.

What expenses are—and aren’t—covered under the credit?

As with every tax credit, it’s important to know what you can and can’t claim. 

Eligible expenses include: 

  • a newly constructed unit or an existing unit that has been renovated and meets the government’s requirements; and
  • the cost of labour accrued by yourself or professional services, building materials, fixtures, equipment rentals, and permits. All costs must be supported by receipts.

Certain things cannot be claimed, such as:

  • furniture;
  • household appliances and devices;
  • costs associated with landscaping, housekeeping, or security—in other words, anything not integral to the unit itself;
  • costs of financing a renovation, such as mortgage interest costs; and
  • construction equipment, tools, mortgage interest costs, and any costs associated with routine repair or maintenance.

In addition, claims are subject to reduction pending other forms of government assistance. 

By supporting families in their efforts to create private-yet-together living spaces, this tax credit can help ease some of the stress and provide a viable living option for many Canadians. 

If you’re interested in applying, be sure to read up on the full eligibility and requirements to ensure you qualify for the tax credit, and keep receipts of all your associated costs. You can apply for the tax credit on your 2023 income tax return in 2024.

The information above is for informational purposes only and should not be used as investment or financial advice.

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Summary of Government Real Estate Regulations & Dates

City of Vancouver Empty Homes Tax

  • Starting in 2023, the City of Vancouver Empty Homes Tax will be 5% for any homes deemed empty in 2023 (up from 3% in 2022)
  • Declaration Due Date is February 2
  • All homeowners must complete a declaration and confirm exemptions, if applicable
  • Clauses required in CPS to protect buyer
  • https://vancouver.ca/home-property-development/empty-homes-tax.aspx 

 B.C. Speculation and Vacancy Tax

  • The BC Speculation and Vacancy Tax is 0.5% for Canadian Citizens or Permanent Residents and 2% for foreign owners and satellite families
  • Declaration Due Date is March 31
  • All owners on title must complete a declaration, even if they are spouses
  • Areas covered – Capital Regional District (Victoria and surrounding areas), Metro Vancouver Regional District including Lions Bay and Squamish and out to Langley, Abbotsford, Mission, Chilliwack, Kelowna, West Kelowna, Nanaimo, Lantzville (use link to confirm areas)
  • No clauses needed in CPS to protect buyer
  • https://www2.gov.bc.ca/gov/content/taxes/speculation-vacancy-tax 

 Canadian Underused Housing Tax

  • Starting in 2023 for the 2022 tax year, an annual 1% tax on the taxable value of a vacant or underused residential property that is directly or indirectly owned by a non-resident non-Canadian
  • CRA filing by April 30th
  • Excluded Owner does not have to file – Canadian Citizens and permanent residents of Canada are Excluded Owners, some exceptions may trigger a requirement to file though
  • All of Canada is covered by this tax
  • No clauses needed in CPS to protect buyer
  • https://www.canada.ca/en/services/taxes/excise-taxes-duties-and-levies/underused-housing-tax.html 

 B.C. 3-Day Home Buyer Rescission Period

  • Effective January 3, 2023
  • Affects residential properties other than leasehold, auction, court order, presale
  • Provides a buyer with a 3-day rescission period starting the day after acceptance and doesn’t include Saturday, Sunday or holidays as determined by the Interpretations Act
  • If a buyer rescinds, they are required to pay the seller a 0.25% penalty, which can be paid from any deposits held in the brokerage trust account or if no deposits were given, the seller would to pursue the buyer for the penalty
  • Cannot waive the rescission period.
  • Contract of Purchase and Sale must contain the exact rescission amount based on purchase price, the contact for sending rescission notice to, the final acceptance date and the last date rescission can happen.
  • Rescission can be done on the required form by way of registered mail, fax or email with a read receipt.
  • https://www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/guidelines/home-buyer-rescission-period-guideline

 B.C. Foreign Buyer Tax

 Canada 2-Year Foreign Buyer Ban

  • Starting January 1, 2023, non-Canadian citizens and non-permanent residents will be prohibited from purchasing residential property in Canada for two years, purchasing either directly or indirectly (meaning buyers not on the contract but a beneficial owner is prohibited)
  • Agreements signed before January 1, 2023 will not be subject to the prohibition.
  • Prohibition covers properties in either a “census agglomeration” or a “census metropolitan area” – for example Whistler is exempt. https://www12.statcan.gc.ca/census-recensement/2021/geo/maps-cartes/referencemaps-cartesdereference/sgc-cgt/map-eng.cfm?SGC=01_C
  • Affects residential properties and buildings of up to 3 dwelling units (multifamily rental buildings)
  • Includes vacant residential land
  • Applies to individuals and corporations with a non-Canadian with 3% interest or more
  • Some exemptions may apply, see legislation and legal advice required to determine if applicable
  • Contravention of the Act can result in $10,000 for all parties involved (buyer, seller, lawyer/notary, real estate agent and brokerages, lenders, etc) and could result in an order to sell the property and any profit would go to the government.
  • A property may be exempt from the Foreign Buyer Ban but still attract the Foreign Buyer Tax.
  • Have the buyer sign the Certificate and Consent of Purchaser form to confirm they are able to purchase
  • https://canadagazette.gc.ca/rp-pr/p2/2022/2022-12-21/html/sor-dors250-eng.html

Anti-Flipping Rule

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Mid Jan 2023 Market Report - It's not how it looks.

As the calendar turned to 2023, transacting real estate in British Columbia became a lot more complicated. Having dealt with a City of Vancouver Empty Homes Tax, the provincial Speculation and Vacancy Tax and a provincial foreign buyer’s tax, we now have a provincial 3 Day Home Buyer Rescission Period, a two-year ban on foreign buyers across Canada, a national Underused Homes Tax – essentially a Canada wide empty homes tax for foreign owned properties and a national anti-flipping tax which would see any profits for sales within a year of purchase taxed as business income.


If your new years resolution was more government regulation, you got it! All these policies focus on the demand side of the transaction and guess what – they don’t and wont work! We started the year yet again with an extremely low level of active listings, and so far, that’s not changing. While sales are slow to start the year, we are only two weeks in and rescission or not, buyers are out shopping. Will they find more homes stocked on the shelves as we move through the first part of 2023, that remains an important question.

At the mid-point of January, there have been 334 sales in Greater Vancouver. This is well below the 795 at the mid-point in December and of course below the 788 at the mid-point of January last year, which was a completely different market. If we compare to January 2019, which was coming out of one of the slowest years on record, it was more closely matched with there being 396 sales in January 2019. It’s still early, and the number of sales in January in the second half tend to be more than 3 times what they are in the first two weeks. And if there is a more significant increase in the number of new listings, the number of sales will be that much higher. January 2019 finished with 1,120 sales after a similar start to this month, so it is quite likely we’ll see similar numbers if not more depending on whether sellers come to the market this month. And judging by the comments of REALTORS® over the last two weeks, open houses have been much busier than the fall, listings that were quiet are getting attention and there have been multiple offers occurring on what limited number of homes there are on the market. After sitting through the last few months of the year, some listings are seeing offers come in. Perhaps a sign that buyers are adjusting to the new levels of interest rates and that the pent-up demand is starting to get more active. And most certainly a sign that sellers may want to jump on an early spring market.

At mid-month in Greater Vancouver there have been only 1,379 new listings, which is above the 984 new listings at the mid-point of December but significantly below the 1,639 new listings at the midpoint of January 2022 and much more below the number of new listings of 1,940 at the mid-point of January 2019 – you know, that other slow market period. After seeing active listings drop below 7,000 in Greater Vancouver, there are now 7,294 listings, up, but ever so slightly. A 24% sales-to-listings ratio has helped, but with the few numbers of new listings, it’s not adding much to the well of active listings so far.  

While it is too early to recognize trends in any market, North Vancouver, West Vancouver, and Port Moody appear to be the slowest out of the gate for sales. As of the middle of the month, Port Moody only had two sales – and they were condos and North Vancouver had only seen one townhouse sale. Certainly, in the case of Port Moody, the available number of new listings is a contributing factor in the low number of sales. New Westminster is following along the same path for new listings as December, very few and as a result that’s holding back sales. Coquitlam is bucking the trend with a higher pace of new listings so far in January, with the condo segment being the larger supplier of new listings. And with Coquitlam City Council starting its first meeting of 2023 by sending the Polygon proposal for a massive development out for comment that would see 2,835 units built at the Port Moody border, just north of Lougheed Highway, more supply could be on the way This would be like what Marcon Quadreal is planning to build at the corner of Lougheed and Barnet Highway. All while Port Moody is seeing a bid from Wesgroup to rezone 59 single-family homes for a high-density development. There is a focus on development in these two cites – perhaps something others should take note of. And given the lack of listings buyers have to shop from, they can’t come soon enough.


Here’s a summary of the numbers:


Greater Vancouver 

334 units sold so far in January 2023 compared to 
793 units sold at mid-month in December 2022 
788 units sold at mid-month in January 2022
977 units sold at mid-month in January 2021
538 units sold at mid-month in January 2020
396 units sold at mid-month in January 2019

1,379 new listings so far in January compared to
984 new listings at mid-month in December 2022 
1,639 new listings at mid-month in January 2022
2,185 new listings at mid-month in January 2021
1,924 new listings at mid-month in January 2020
1,940 new listings at mid-month in January 2019

Total active listings are at 7,294 compared to 5,427 at mid-month in January 2022, and 8,787 at mid-month in December 2022.

Sales to listings ratio is at 24% compared to 48% at mid-month in January 2022 and 81% at mid-month in December 2022.

Vancouver West 

62 units sold so far in January 2023 compared to 
157 units sold at mid-month in December 2022 
152 units sold at mid-month in January 2022
154 units sold at mid-month in January 2021
89 units sold at mid-month in January 2020
57 units sold at mid-month in January 2019

303 new listings so far in January compared to
194 new listings at mid-month in December 2022 
395 new listings at mid-month in January 2022
426 new listings at mid-month in January 2021
178 new listings at mid-month in January 2020
193 new listings at mid-month in January 2019

Total active listings are at 1,723 compared to 1,637 at mid-month in January 2022, and 2,085 at mid-month in December 2022.

Sales to listings ratio is at 20% compared to 48% at mid-month in January 2022 and 81% at mid-month in December 2022.

Vancouver East

41 units sold so far in January 2023 compared to 
75 units sold at mid-month in December 2022 
88 units sold at mid-month in January 2022
97 units sold at mid-month in January 2021
48 units sold at mid-month in January 2020
41 units sold at mid-month in January 2019

144 new listings so far in January compared to
109 new listings at mid-month in December 2022 
153 new listings at mid-month in January 2022
236 new listings at mid-month in January 2021
178 new listings at mid-month in January 2020
193 new listings at mid-month in January 2019

Total active listings are at 793 compared to 652 at mid-month in January 2022, and 979 at mid-month in December 2022.

Sales to listings ratio is at 28% compared to 58% at mid-month in January 2022 and 69% at mid-month in December 2022.

North Vancouver

20 units sold so far in January 2023 compared to 
69 units sold at mid-month in December 2022 
49 units sold at mid-month in January 2022
55 units sold at mid-month in January 2021
30 units sold at mid-month in January 2020
31 units sold at mid-month in January 2019

93 new listings so far in January compared to
62 new listings at mid-month in December 2022 
82 new listings at mid-month in January 2022
155 new listings at mid-month in January 2021
163 new listings at mid-month in January 2020
151 new listings at mid-month in January 2019

Total active listings are at 377 compared to 233 at mid-month in January 2022, and 442 at mid-month in December 2022.

Sales to listings ratio is at 22% compared to 60% at mid-month in January 2022 and 111% at mid-month in December 2022.

West Vancouver 

8 units sold so far in January 2023 compared to 
28 units sold at mid-month in December 2022 
11 units sold at mid-month in January 2022
20 units sold at mid-month in January 2021
10 units sold at mid-month in January 2020
7 units sold at mid-month in January 2019

46 new listings so far in January compared to
145 new listings at mid-month in December 2022 
52 new listings at mid-month in January 2022
96 new listings at mid-month in January 2021
91 new listings at mid-month in January 2020
59 new listings at mid-month in January 2019

Total active listings are at 395 compared to 337 at mid-month in January 2022, and 496 at mid-month in December 2022.

Sales to listings ratio is at 17% compared to 21% at mid-month in January 2022 and 76% at mid-month in December 2022.

Richmond

47 units sold so far in January 2023 compared to 
104 units sold at mid-month in December 2022 
130 units sold at mid-month in January 2022
127 units sold at mid-month in January 2021
92 units sold at mid-month in January 2020
49 units sold at mid-month in January 2019

196 new listings so far in January compared to
145 new listings at mid-month in December 2022 
266 new listings at mid-month in January 2022
277 new listings at mid-month in January 2021
264 new listings at mid-month in January 2020
293 new listings at mid-month in January 2019

Total active listings are at 879 compared to 722 at mid-month in January 2022, and 1,048 at mid-month in December 2022.

Sales to listings ratio is at 24% compared to 49% at mid-month in January 2022 and 72% at mid-month in December 2022.

Burnaby East 

3 units sold so far in January 2023 compared to 
7 units sold at mid-month in December 2022 
6 units sold at mid-month in January 2022
5 units sold at mid-month in January 2021
8 units sold at mid-month in January 2020
3 units sold at mid-month in January 2019

11 new listings so far in January compared to
13 new listings at mid-month in December 2022 
11 new listings at mid-month in January 2022
19 new listings at mid-month in January 2021
21 new listings at mid-month in January 2020
22 new listings at mid-month in January 2019

Total active listings are at 69 compared to 29 at mid-month in January 2022, and 91 at mid-month in December 2022.
Sales to listings ratio is at 27% compared to 55% at mid-month in January 2022 and 54% at mid-month in December 2022.

Burnaby North 

21 units sold so far in January 2023 compared to 
46 units sold at mid-month in December 2022 
36 units sold at mid-month in January 2022
61 units sold at mid-month in January 2021
38 units sold at mid-month in January 2020
22 units sold at mid-month in January 2019

70 new listings so far in January compared to
58 new listings at mid-month in December 2022 
83 new listings at mid-month in January 2022
130 new listings at mid-month in January 2021
99 new listings at mid-month in January 2020
91 new listings at mid-month in January 2019

Total active listings are at 343 compared to 236 at mid-month in January 2022, and 391 at mid-month in December 2022.

Sales to listings ratio is at 30% compared to 43% at mid-month in January 2022 and 79% at mid-month in December 2022.

Burnaby South 

15 units sold so far in January 2023 compared to 
57 units sold at mid-month in December 2022 
54 units sold at mid-month in January 2022
72 units sold at mid-month in January 2021
41 units sold at mid-month in January 2020
23 units sold at mid-month in January 2019

66 new listings so far in January compared to
45 new listings at mid-month in December 2022 
116 new listings at mid-month in January 2022
136 new listings at mid-month in January 2021
106 new listings at mid-month in January 2020
105 new listings at mid-month in January 2019

Total active listings are at 324 compared to 264 at mid-month in January 2022, and 835 at mid-month in December 2022.

Sales to listings ratio is at 23% compared to 47% at mid-month in January 2022 and 127% at mid-month in December 2022.

New Westminster 

15 units sold so far in January 2023 compared to 
31 units sold at mid-month in December 2022 
38 units sold at mid-month in January 2022
36 units sold at mid-month in January 2021
18 units sold at mid-month in January 2020
27 units sold at mid-month in January 2019

37 new listings so far in January compared to
22 new listings at mid-month in December 2022 
62 new listings at mid-month in January 2022
100 new listings at mid-month in January 2021
18 new listings at mid-month in January 2020
27 new listings at mid-month in January 2019

Total active listings are at 203 compared to 145 at mid-month in January 2022, and 264 at mid-month in December 2022.

Sales to listings ratio is at 41% compared to 61% at mid-month in January 2022 and 141% at mid-month in December 2022.

Coquitlam 

22 units sold so far in January 2023 compared to 
45 units sold at mid-month in December 2022 
64 units sold at mid-month in January 2022
104 units sold at mid-month in January 2021
57 units sold at mid-month in January 2020
27 units sold at mid-month in January 2019

107 new listings so far in January compared to
64 new listings at mid-month in December 2022 
91 new listings at mid-month in January 2022
161 new listings at mid-month in January 2021
140 new listings at mid-month in January 2020
144 new listings at mid-month in January 2019

Total active listings are at 434 compared to 255 at mid-month in January 2022, and 536 at mid-month in December 2022.

Sales to listings ratio is at 21% compared to 70% at mid-month in January 2022 and 70% at mid-month in December 2022.

Port Moody

2 units sold so far in January 2023 compared to 
28 units sold at mid-month in December 2022 
19 units sold at mid-month in January 2022
17 units sold at mid-month in January 2021
16 units sold at mid-month in January 2020
10 units sold at mid-month in January 2019

43 new listings so far in January compared to
32 new listings at mid-month in December 2022 
25 new listings at mid-month in January 2022
34 new listings at mid-month in January 2021
31 new listings at mid-month in January 2020
25 new listings at mid-month in January 2019

Total active listings are at 165 compared to 81 at mid-month in January 2022, and 167 at mid-month in December 2022.

Sales to listings ratio is at 5% compared to 76% at mid-month in January 2022 and 88% at mid-month in December 2022.

Port Coquitlam 

16 units sold so far in January 2023 compared to 
17 units sold at mid-month in December 2022 
19 units sold at mid-month in January 2022
25 units sold at mid-month in January 2021
21 units sold at mid-month in January 2020
16 units sold at mid-month in January 2019

29 new listings so far in January compared to
34 new listings at mid-month in December 2022 
44 new listings at mid-month in January 2022
80 new listings at mid-month in January 2021
65 new listings at mid-month in January 2020
67 new listings at mid-month in January 2019

Total active listings are at 123 compared to 66 at mid-month in January 2022, and 166 at mid-month in December 2022.

Sales to listings ratio is at 55% compared to 43% at mid-month in January 2022 and 50% at mid-month in December 2022.

Ladner 

5 units sold so far in January 2023 compared to 
5 units sold at mid-month in December 2022 
9 units sold at mid-month in January 2022
7 units sold at mid-month in January 2021
12 units sold at mid-month in January 2020
1 units sold at mid-month in January 2019

18 new listings so far in January compared to
14 new listings at mid-month in December 2022 
16 new listings at mid-month in January 2022
15 new listings at mid-month in January 2021
37 new listings at mid-month in January 2020
24 new listings at mid-month in January 2019

Total active listings are at 72 compared to 34 at mid-month in January 2022, and 86 at mid-month in December 2022.
Sales to listings ratio is at 28% compared to 56% at mid-month in January 2022 and 36% at mid-month in December 2022.

Tsawwassen

7 units sold so far in January 2023 compared to 
19 units sold at mid-month in December 2022 
13 units sold at mid-month in January 2022
16 units sold at mid-month in January 2021
7 units sold at mid-month in January 2020
2 units sold at mid-month in January 2019

21 new listings so far in January compared to
16 new listings at mid-month in December 2022 
33 new listings at mid-month in January 2022
43 new listings at mid-month in January 2021
37 new listings at mid-month in January 2020
37 new listings at mid-month in January 2019

Total active listings are at 120 compared to 74 at mid-month in January 2022, and 135 at mid-month in December 2022.

Sales to listings ratio is at 33% compared to 39% at mid-month in January 2022 and 119% at mid-month in December 2022.


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Kevin Skipworth
Partner/Broker and Chief Economist at Dexter Realty

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Land Title fraud
Land Title fraud has been in the news a lot recently due to a high-profile case in Ontario. BC’s Torrens Land Ownership System helps alleviate many of these issues.

Land title in British Columbia is based on the principles of the “Torrens system” of land title registration. Torrens devised a method of making the land registry conclusive, as the government or its agent guarantees an indefeasible title. The system eliminates the need for historical searches to prove validity of title.

This type of land title system provides an up-to-date official and public record of who owns the land, and the charges and interests that relate to land titles. The modified Torrens system, as it is called in BC, provides the foundation for all real property business and ownership in the province. It makes land ownership and transfers simple and certain.

It provides certainty to both the seller and the purchaser.

The system, because it is conclusive, also allows title to be “assured”. Such assurance is provided through a guarantee that, should an error be made in a title, individuals who suffer a loss will be compensated. While it can't prevent you from becoming a victim of fraud, it is the single most important thing to mitigate its consequences.

In addition to the Torrens assurance, Home Title Insurance can be purchased which protects you, the home owner and buyer, against challenges to the ownership of your home or from problems related to the title to your home. If a buyer unwittingly buys a home that's been fraudulently listed, the insurance should also protect them. In cases like that, the true owner will likely get their home back and the unwitting buyer will get their money back.

The policy also provides coverage against losses due to title defects, even if the defects existed before you purchased your home.

Lee-Anne MacPherson | Dexter Realty
Listings@lee-annemacphersone.ca | (604) 816-3047
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