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New property listed in West End VW, Vancouver West

I have listed a new property at 402 1419 BEACH AVE in Vancouver. See details here

Seize the rare opportunity to own a condo in a boutique 9-story building, perfectly situated across from Sunset Beach with unobstructed water views of English Bay. This spacious 1,399 sq.ft. residence features 2 bedrooms and 3 bathrooms, providing ample space for those seeking both luxury and comfort. With only two units on this floor and an elevator that opens directly into your home, privacy is paramount. Enjoy the convenience of two underground parking stalls, a guest suite for visitors, and three private balconies where you can savor breathtaking sunsets. Designed by renowned architect James Chang, this well-managed building seldom has units available—don’t miss your chance to personalize this gem with your renovation ideas in the heart of one of Vancouver's most vibrant neighborhoods!

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Vancouver developer pushes Georgia, Dunsmuir viaducts removal to build 5K homes

Vancouver Developer Advocates for Georgia-Dunsmuir Viaducts Removal to Build 5,000 Homes

By Jami Makan | March 7, 2025

A major Vancouver-based developer is pushing for the demolition of the Georgia and Dunsmuir viaducts to pave the way for a large-scale housing project in northeast False Creek.

The aging viaducts, which require significant investment for upgrades or replacements beyond 2032, remain a key obstacle to the proposed development of Concord Landing—a new neighborhood envisioned by Concord Pacific Developments Corp. The plan includes approximately 5,000 new homes and up to 100 small commercial spaces, creating a pedestrian-friendly community.

Nearly a decade ago, Vancouver’s city council decided to remove the viaducts. However, they remain in place, awaiting the implementation of the plan. Concord Pacific recently updated its development proposal, which is expected to be the catalyst for finally dismantling the structures used by motorists, cyclists, and pedestrians.

Although the first phase of Concord Landing is not expected for at least five years, the developer is actively moving forward. An initial rezoning inquiry was submitted to the City of Vancouver a week ago, with a formal rezoning application to follow. Peter Webb, Concord Pacific’s senior vice-president of development, highlighted that this submission is a significant step, bringing together city and provincial authorities to establish a business framework before public consultations commence.

Concord Pacific originally acquired the eight-hectare site for Concord Landing in 1988 as part of the broader 83-hectare Concord Pacific Place, spanning from the Granville Bridge to Science World. The initial development plan was completed in 1990, but a revised plan was created in 2018 following extensive public input regarding the viaducts' removal. Approximately 17,000 Vancouver residents contributed feedback at that time.

The Concord Landing project will be the final stage of Concord Pacific’s development in the Expo lands, an area where the company has already established seven communities. The latest addition, Concord Central, was completed in 2019 and includes two major buildings, The Arc and One Pacific, providing over 1,000 homes in northwest False Creek.

Once completed, Concord Landing will offer a mix of residential and commercial spaces, as well as a large green space consistent with the 2018 official development plan. The neighborhood is expected to become a vibrant waterfront hub, bridging the downtown core with Science World and the Olympic Village. Georgia Street will be brought to street level, connecting Stanley Park at one end of downtown to the False Creek waterfront.

Despite the developer’s progress, challenges remain. The viaducts continue to pose a logistical issue, as they cut through the planned district. The 2026 FIFA World Cup, which may require parts of the site for staging, could also cause delays. However, Concord Pacific emphasizes that early removal of the viaducts would help reduce costs and optimize capital allocation.

The City of Vancouver has allocated $110 million from Concord Pacific’s contribution to the viaduct removal and surrounding infrastructure enhancements. Additional funding includes $100 million in community amenity contributions from the Plaza of Nations' rezoning in 2018, which could increase if the new owner, Northchild Group, seeks additional density.

Concord Pacific’s President and CEO, Terry Hui, reaffirmed the company’s commitment to the project, stating that removing the outdated viaducts is a critical step in completing the final phase of their development in the area.

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February brings balance to Metro Vancouver’s Housing Market

Greater Vancouver Real Estate Market Update Here

Metro Vancouver Real Estate Market Update     Here

Fraser Valley Real Estate Market Update              Here 

Detached Monthly Variances                                     Here

Attached Monthly Variances                                      Here

Get the Full Report                                                          Here

February 2025 GVR Residential Market Report – Key Highlights

  1. Sales Decline & Market Balance

    • Residential sales in Metro Vancouver decreased 11.7% from February 2024 and 28.9% below the 10-year seasonal average.

    • Market conditions remain balanced following a surge in new listings in January.

  2. Increase in Listings

    • 5,057 new listings in February 2025, a 10.9% increase from February 2024.

    • Total active listings reached 12,744, a 32.3% increase from the previous year, offering the highest home selection since pre-pandemic times.

  3. Sales-to-Active Listings Ratio

    • Overall ratio: 14.8% (balanced market conditions).

    • By property type:

      • Detached: 10.7% (near downward pressure on prices).

      • Attached: 18.5%

      • Apartments: 16.8%

  4. Price Trends

    • The MLS® Home Price Index benchmark for all residential properties: $1,169,100 (1.1% decrease YoY).

    • Detached homes: $2,006,100 (1.8% increase YoY).

    • Apartments: $747,500 (2.8% decrease YoY).

    • Townhouses: $1,087,100 (1.2% decrease YoY).

  5. Interest Rate & Market Outlook

    • A potential Bank of Canada rate cut in mid-March could improve borrowing conditions.

    • With spring approaching, market activity may rise depending on buyer and seller confidence.

Would you like a deeper analysis on any specific aspect? Please reach out to me and I would be happy to have a discussion over a coffee. Rob Britch RE/MAX Select Realty 604-240-5813

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New property listed in Tsawwassen East, Tsawwassen

I have listed a new property at 948 EDEN CRES in Delta. See details here

Discover the epitome of luxury living in this custom-built home, perfectly situated on one of Tsawwassen's most coveted streets, backing onto the 5th hole of the prestigious Beach Grove Private Golf Course. Spanning an impressive 4,049 square feet on a sprawling 10,344 square foot lot, this exquisite residence features a vaulted great room with pocket grand view sliding doors that seamlessly merge indoor and outdoor spaces. The expansive open kitchen boasts top-of-the-line appliances and an impressive 14-foot island, complemented by a walk-in pantry with a temperature-controlled wine cellar. With unique amenities such as a one-of-a-kind powder room featuring a floating onyx vanity, an elevator for convenience, and an outdoor area complete with an infrared heated covered patio and built-in kitchen, this home is designed for urban professionals with active families seeking tranquility without sacrificing proximity to Vancouver. Don't miss your chance to make this extraordinary residence your forever home!

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Notable appetite among buyers despite changing market dynamics.

Greater Vancouver Market Update Here

Metro Vancouver Market Update     Here

Fraser Valley Market Update              Here 

Detached Monthly Variances              Here

Attached Monthly Variances               Here 

Get the Full Report                                   Here 

In January 2025, the Greater Vancouver REALTORS® (GVR) reported a significant increase in homes newly listed on the MLS®, rising by 46 % year-over-year. This surge in listings indicates a growing eagerness among sellers to enter the market as the new year begins.  Residential sales in the region increased 8.8% from January 2024's recorded sales.  Andrew Lis, GVR’s director of economics and data analytics, noted that buyer demand had been gaining momentum over the last three months leading up to January. Yet now it seems that this momentum is shifting towards sellers as they take advantage of favourable market conditions at the start of 2025. Despite the influx of new listings, sales continue to outpace last year's figures, suggesting that there is still a notable appetite among buyers despite changing market dynamics. Price trends have remained relatively stable across all segments within the market.  

With over 32 years of experience,  let us Help You Make the Right Move in 2025!  

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New property listed in West End VW, Vancouver West

I have listed a new property at 402 1419 BEACH AVE in Vancouver. See details here

Seize the rare opportunity to own a condo in a boutique 9-story building, perfectly situated across from Sunset Beach with unobstructed water views of English Bay. This spacious 1,399 sq.ft. residence features 2 bedrooms and 3 bathrooms, providing ample space for those seeking both luxury and comfort. With only two units on this floor and an elevator that opens directly into your home, privacy is paramount. Enjoy the convenience of two underground parking stalls, a guest suite for visitors, and three private balconies where you can savor breathtaking sunsets. Designed by renowned architect James Chang, this well-managed building seldom has units available—don’t miss your chance to personalize this gem with your renovation ideas in the heart of one of Vancouver's most vibrant neighborhoods!

Read

Open House. Open House on Sunday, February 9, 2025 1:00PM - 2:30PM

Please visit our Open House at 402 1419 BEACH AVE in Vancouver. See details here

Open House on Sunday, February 9, 2025 1:00PM - 2:30PM

Seize the rare opportunity to own a condo in a boutique 9-story building, perfectly situated across from Sunset Beach with unobstructed water views of English Bay. This spacious 1,399 sq.ft. residence features 2 bedrooms and 3 bathrooms, providing ample space for those seeking both luxury and comfort. With only two units on this floor and an elevator that opens directly into your home, privacy is paramount. Enjoy the convenience of two underground parking stalls, a guest suite for visitors, and three private balconies where you can savor breathtaking sunsets. Designed by renowned architect James Chang, this well-managed building seldom has units available—don’t miss your chance to personalize this gem with your renovation ideas in the heart of one of Vancouver's most vibrant neighborhoods!

Read

I have sold a property at 106 3319 148 ST in Surrey

I have sold a property at 106 3319 148 ST in Surrey on Jan 28, 2025. See details here

Welcome to Southaven. A refined Modern Farmhouse inspired condo community situated in Elgin, proudly built by award winning Park Ridge Homes. This ground floor one bedroom one bath home features a beautiful outdoor garden space. This home includes a refined interior w/ open concept floor plan configured to suit modern living. Finishes incl soft close, flat panel cabinetry, quartz counters + undermount sinks,Samsung SS appl incl. 5 burner gas range, oversized windows and rough in for ductless A/C. Full fitness centre + billiard room. Steps from Choices Market, Starbucks & close to great restaurants, fabulous shops at Morgan Crossing & Grandview Corners. Quick access to the park & ride, Hwy 99. Open Sat/Sun from 1-4 pm.

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New property listed in King George Corridor, South Surrey White Rock

I have listed a new property at 106 3319 148 ST in Surrey. See details here

Welcome to Southaven. A refined Modern Farmhouse inspired condo community situated in Elgin, proudly built by award winning Park Ridge Homes. This ground floor one bedroom one bath home features a beautiful outdoor garden space. This home includes a refined interior w/ open concept floor plan configured to suit modern living. Finishes incl soft close, flat panel cabinetry, quartz counters + undermount sinks,Samsung SS appl incl. 5 burner gas range, oversized windows and rough in for ductless A/C. Full fitness centre + billiard room. Steps from Choices Market, Starbucks & close to great restaurants, fabulous shops at Morgan Crossing & Grandview Corners. Quick access to the park & ride, Hwy 99. Open Sat/Sun from 1-4 pm.

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Home sales rose over 30% in December compared to the previous year

Greater Vancouver Market Update Here

Metro Vancouver Market Update     Here

Fraser Valley Market Update              Here

Detached Annual Variances                Here

Attached Annual Variances                 Here

Get the Full Report                                   Here

With borrowing costs now on the decline, we've seen buyers returning in numbers after a brief hiatus. The recent sales figures are trending back to long-term historical averages, which indicates there may still be significant potential upside for sales as we move into 2025—especially if this recent strength continues.

Notably, December 2024 saw remarkable increases in sales across various categories: detached homes rose over 30% compared to December 2023, apartment homes increased by 23.9%, and attached homes surged by an impressive 55.9%. This positions the market for a much more active year ahead than we've experienced in recent times.

For those considering buying, now is the time to act before the Spring Frenzy kicks in! And for our sellers, it’s a great opportunity to list your property with less competition currently in the market.

If you have any questions or would like to discuss these exciting developments further, please feel free to reach out—I’m always here to help!

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Breaking News!  The Bank of Canada just cut its lending rate by 50 basis points, bringing it down from 3.75% to 3.25%

HOW THE LATEST BANK OF CANADA RATE CUT MAY IMPACT YOU

  • The Bank of Canada (BoC) just cut its lending rate by 50 basis points, bringing it down from 3.75% to 3.25%

  • When the BoC cuts its lending rate, it can become cheaper for Canadians to borrow money.

  • For Canadians with variable rate mortgages, rate cuts can mean more of their money goes toward the principal on their mortgage, and less towards interest.

  • For Canadians with fixed rate mortgages, this recent BoC rate cut will not immediately make an impact. 

  • Fixed rate mortgages are based on five-year bond yields, and financial markets have already been expecting the BoC to cut rates this year. Those expected cuts are, to some degree, already factored into bond yields, and are therefore reflected in current fixed mortgage rates.

  • TD Economics believe there will be more rate cuts in the new year and expect the BoC’s lending rate to be cut down to 2.25% by the end of 2025.

Is your mortgage due in 2025?  Reach out to me and I'd be happy to refer you to a preferred Mortgage Broker who can guide you in the right direction.  

Thinking of making a move in 2025?  With over 31 years of experience in Residential Real Estate, let us Help You Make the Right Move! 

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I have sold a property at 201 2490 2ND AVE W in Vancouver

I have sold a property at 201 2490 2ND AVE W in Vancouver on Dec 1, 2024. See details here

Discover the perfect blend of comfort and convenience in this charming 1-bedroom + den apartment located just north of 4th Avenue in vibrant Kitsilano. Spanning 719 square feet, this south-facing gem features a fantastic floor plan with laminate flooring throughout, a cozy gas fireplace, and a spacious balcony ideal for soaking up the sun. Perfect for first-time buyers or those looking to downsize, you’ll love being within walking distance to Kitsilano Beach, trendy shops, and delicious restaurants. With the added bonus of a guest suite available for just $65 per night in the building, this home is not just a place to live—it's an opportunity to embrace an active urban lifestyle. Don’t miss out on your chance to call this delightful, move-in-ready apartment your own! Open House Sat Nov 30th, 2-4pm and, Sunday December 1st 1-3pm.

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