Vancouver housing prices to rise another 10% by December

August 4, 2015

Prediction of the value of a home will rise 10 per cent in 2015.

The detached two-storey and bungalow homes continue to be Vancouver’s most sought-after properties, with prices rising about 13 per cent between the second quarters of 2014 and 2015. For condo owners, values rose as well, but at a slower pace at 6 per cent.

For all property types, home prices will rise 9.4 per cent on average by the end of this year. The cost of owning a home in Toronto is also quickly rising at a rate similar or just above Vancouver. Prices there should increase 9.6 per cent come December.

The robust national average home price increases that we have seen in the second quarter are heavily influenced by activity levels in Toronto and Vancouver. The housing industry in both cities boasts a foundation of prosperous labour markets driving demand for housing that is in limited supply – above average price increases aren’t going away any time soon. Looking to Canada as a whole, 2015 is shaping up to be a record year for housing, despite the cloud of economic uncertainty caused by low oil prices and twitchy global economies.

Vancouver and Toronto remain Canada’s hottest markets, followed by Hamilton, Ontario, which has seen roughly a 12 per cent growth rate for detached two-storey and bungalow homes.

Condo owners in Halifax, Toronto, Edmonton, Vancouver and Victoria have seen the biggest increase in value averaging at about a 5 per cent growth rate, whereas condo markets in Winnipeg and Regina fall and Calgary and Montreal see mediocre increases.

A standard two-storey home in Vancouver now sits at $1,368,125 and a bungalow at $1,247,125. A condo is averaging $506,624.

Contact Carmen Leal at 604-218-4846 for more details!!

Or you can reach me by email at carmen@carmenleal.ca

Looking forward to hearing from you all.

I can help with investment purchase and sale of your home.

You definitely have questions and I am here to answer them.

Yaletown-the-neighbourhood-at-a-glance

In Yaletown - the sliver of a neighbourhood on the north side of False Creek in the downtown peninsula - it's all about seeing and being seen. Living la dolce vita, eating out, spending money, working out and being pampered. From the chic restaurants with their outdoor patio dining, to the brow and lash salons, hot yoga studios, and specialty shops featuring high-end gifts for the young urban professional who has everything, Yaletown is a magnet for couples in their 20s and 30s who aren't quite ready yet (if ever) to start a family and buy a house in the 'burbs.

In the late 1980s, Yaletown was a landscape of ageing brick warehouses, light industry, and parking lots. Back then, it was possible to cheaply rent space in a dusty old warehouse that had yet to be renovated, reaching your funky studio via an industrial, hand-operated elevator. In the mid-1990s, the first "warehouse conversions" turned these buildings into chic condos.

In 1886, the Canadian Pacific Railway moved its divisional headquarters, formerly located in Yale (thus, "Yaletown") to a spot near the foot of modern Drake Street. The CPR Roundhouse, built in 1888, became a community centre in 1997. In an 1893 map, the city remains undeveloped east of Homer Street and south of Smithe Street. Warehouses and factories were built in the 1910s. A 1927 map shows Hamilton and Mainland streets extending south to Drake Street.

Today, the west sides of these streets still have raised loading docks (today's sidewalks) that once fronted warehouses. Industry exists in name only; Coopers' Park is named for the former Sweeney Cooperage, a barrel manufacturing company from the early 1920s to 1981. The Canada Line, with its Yaletown-Roundhouse stop, in 2009 brought rapid transit to an area already served by bus, and by "aquabus" links across False Creek. The 2011 Statistics Canada census reported Yaletown's population density as 130.6 persons per hectare. In comparison, the highrise apartments of Downtown South, immediately west, has 304 persons per hectare.

Yours,
Carmen Leal
Macdonald Realty Ltd.
www.CarmenLeal.ca
604-218-4846

VANCOUVER REAL ESTATE INFORMATION SEMINAR

VANCOUVER REAL ESTATE INFORMATION SEMINAR

DATE: SUNDAY FEBRUARY 8 

LOCATION: 1050 HOWE STREET, VANCOUVER BC 

TIME: 1:30PM TO 4PM

15MIN TIME SLOTS

BRING IN YOUR QUESTIONS AND I WILL GUIDE YOU THROUGH THE RIGHT 

PATH.

COME IN AND PICK MY BRAIN!  I AM A SOURCE OF INFORMATION.

CONTACT ME AT 604-218-4846 EMAIL ME AT CARMEN@CARMENLEAL.CA

OR JUST DROP BY.

LOOKING FORWARD TO SEEING YOU ALL THERE!

YOURS,

CARMEN LEAL

MACDONALD REALTY LTD.

WWW.CARMENLEALC.A

604-218-4846

Great-Words-Thank-you-Vancouver-Real-Estate

Congratulations on your award 'Top Producer', you are so well deserving! Again, we so appreciated the tremendous time and commitment you put into helping us "finally" find our home…and we LOVE it!!! You were extremely patient and showed us an incredibly diverse range of properties while we tried to decide what we wanted. It was such a huge decision for us coming from the suburbs and the comparative lifestyle.

Colleen and Dave

Amazing-Testimonial from an amazing client. Thank you!

It was not my original plan to hire a buyer agent when I was looking to buy my first apartment. I contacted Carmen initially to view a property, which she was the seller agent for. After a brief conversation, Carmen understood my needs and she quickly booked several viewings for me in the following days. Like many first time home buyers, I always have too many expectations to meet and too hard to be satisfied. Carmen always tells me the pros and cons of the property and encourages me to find out what exactly I need for this first home and what’s more important to me. I never expect my first home buying experience to be this quick, precise and smooth. Carmen is always on top of everything, which leaves me no worries about missing any details. I will definitely come back to Carmen in the future for buying or selling my property.

-- Christine Guo

Amazing views from top of Vancouver’s-tallest-towers

 

Vancouver skyscrapers. Builders love them. City residents are divided about them because of the way in which they can alter the city’s character and block sunlight but some what to see the city reach higher limits and abandon a few of the city’s more ridiculous view cones.
But no matter what you think of them from the outside, the truth is most, if not everybody, loves the gorgeous views they offer from within.
If you’ve never had the chance to climb to the top floors of some of Vancouver’s tallest skyscrapers, we have picked for you a set of stunning city views which the residents of these towers enjoy every single day.

Check it out by click on the link below.

 http://www.vancitybuzz.com/2014/10/amazing-views-top-vancouvers-tallest-towers/

Thank you for such an amazing Testimonial

Thank you for such an amazing Testimonial

"Carmen made a tremendous commitment to us as we pondered purchasing in Vancouver or White Rock…condo vs house… She was very patient and persistent, and helped us find the "home of our dreams!" We appreciate her time and effort tremendously!"

C.White