Vancouver, West Vancouver and North Vancouver
condos and townhomes for sale.
Are you looking to buy or sell your Vancouver Condo, Penthouse or Townhome? Contact area specialist, top Vancouver Luxury Homes Realtor ® Holly Wood 604-561-9699 Certified Property Manager CPM
Vancouver condo trends
Home buyers and sellers adjust their activities in March amid challenging circumstances. It's important to connect with a local REALTOR who can help you develop a strategy to meet your home buying or selling needs in these COVID-19 times we are facing globally.
With interest rates dropping, now is an excellent time to buy for the long term investor. Prime rate is now 2.45% If you need to be connected with a good mortgage broker please let me know. Talk of rates going down further in the year is a good possibility.
-1. This may be a good time to buy your new Vancouver condo if you are looking to buy only or looking to move up substantially.
-2. If you are moving sideways in price, the state of the market is immaterial. Now is as good a time as any. Vancouver is always a top choice for out of country investors and is always in the top 3 of places to live in the world!
-3. If you intend to sell only or to scale down substantially, now is the best time depending on your economic expectations for the immediate future.
Government reduces tax burden on first time buyers. Effective February 19, 2014 under the Property Transfer Tax (PPT) First Time Home Buyers Exemption program, qualifying first time buyers can buy a home worth up to $500,000. The previous threshold was $475,000. The partial exemption continues and will apply to homes valued between $500,000 and $525,000.
October 2020 Vancouver Real Estate Stats
With low interest rates, limited overall supply and pent up demand building since March 2020, our fall and summer market has been the best months on record so far this year.
Last month's sales were 34.7 per cent above the 10-year October sales average.
The benchmark price of an apartment property is $683,500. This represents a 4.4 per cent increase compared to October 2019. Sales of apartment properties reached 1,570 in October 2020. This represents an increase of 13.4 per cent compared to October 2019.
The benchmark price of an attached unit is $813,000. This represents a 5.4 per cent increase compared to October 2019. Sales of attached properties reached 782 in October 2020. This represents an increase of 45.9 per cent compared to October 2019.
Click on Market Trends for the complete most recent real estate update by the REBGV. If you overprice your home it will sit on the market. There are many buyers who have recently sold their home and need to buy and are looking for your exact home. There are also many investors waiting for the right opportunity to buy, ready to go with cash on hand. Call me now to list, market and SELL your home. Good inventory is very low in certain coveted areas and certain floor plans and buildings are in demand. The foreign buyers tax and the speculation tax have been implemented. COVID-19 information. COVID-19 information for Tenancies.
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Looking for a new and newer Vancouver condo?
Developer Westbank amd Architect Bing Thomas proudly presents to you, the Butterfly on sale now. Location will be Burrard and Nelson in downtown Vancouver.
Prime location, luxury residences with Views, luxury finishings and 1, 2 and 3 bedrooms will be offered for sale.
- 57-storey residential tower
- Expansive views
- Stunning high-end interiors
- Incredbible lobby, amenities and balconies
• One of the last true skyscraper locations in downtown Vancouver.
Contact me if you like to receive further information about new and newer properties.
As a leading Vancouver Realtor®, I am a Vancouver condo, Penthouse and townhome specialist. I have been successfully selling real estate since 2005. I am also a Certified Luxury Homes Marketing Member who specializes in luxury view and waterfront Residential and Commercial properties in Vancouver, West and North Vancouver. Being a certified Property Manager I can assist you in renting out your condo or house for the best price. I have worked with many non resident Buyers and Sellers as well as local clients.
Are you looking for Superior results? Contact me and take the first step to achieving your goal.
Holly Wood cell: 604-561-9699
email: [email protected]
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- DREAM PENTHOUSE in the sky with 180 degree panoramic views at West Pender Place
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