Vancouver Real Estate Market Continues To Be Activ

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Vancouver Real Estate Market Continues To Be Activ


There is something about Vancouver that attracts people like a magnet. It has a lot to do with the location on the west coast of British Columbia and the size. Vancouver is currently the eighth largest municipality in Canada and as such has several amenities, attractions, cultural diversities and as many assets as liabilities. One of the many ways one can gauge progress in and around the city is by taking a closer look at the Vancouver real estate market. According to the Real Estate Board of Greater Vancouver there has been a shifting of sorts within the current market. While numbers pointed towards a record-setting pace in early 2016, in recent months dips have pushed figures back down to what local experts have termed "historically normal" levels. Compared to July 2016, August 2016 recorded a drop in property sales totaling 22.8-percent - that's almost a quarter of total sales. While these decreases in overall sales can be a telltale sign about the state of the Vancouver real estate market, what it says to the REBGV is something else.


The dip in the number of homes sold in the market also pushes down asking prices. Typically when property sales figures shift downwards it is an indication that prices are too high for buyers. The REBGV says the current trend is not entirely related to that at all. In fact, in August the sales-to-active listings ratio was 29.3-percent which is considered a seller's market. What may have a greater impact on the numbers currently is the recently implemented Foreign Buyers Tax which appears to have reduced foreign buyer activity. The 15-percent tax went into effect August 1, 2016 and it is still far too early to see what impact it has had on the Vancouver real estate market. It is easy to lay some of the blame of dropping sales figures in the first month the tax has been in place on this development however, traditionally property sales dip in the middle of summer. The upside to the shifting in the real estate market in Metro Vancouver is that apartment properties have not seen as much of a dip as detached homes have over the years. For example, according to the REBGV apartment sales in August 2016 totaled 1,343, down just 10.1-percent from August 2015. Plus, the benchmark price of apartment properties has seen an increasing trend. What Does All of This Mean? Although there is no shortage of movement within the real estate market in Greater Vancouver, what seems to be the most stable of the properties are apartment units such as Yaletown condos. While prices of both homes and apartments have increased, and sales have decreased, the margins are narrower with apartments and Yaletown condos than with detached homes. This makes investing in a condo a wise choice in today's Vancouver real estate market.


She who must be obeyed, would go in and hack away the damaged leaves, but the little bug(gers) would return on mass. Well that certainly made sense andf rom the photos I found on the 'net and the descriptions I read, there was no doubt about who our unwanted freeloaders were. I also read that a mixture of liquid castille soap, olive oil and water could be an effective Bay Leaf Sucker killer. I just so happened to have some of Dr. Bronner's fabulous peppermint castille soap and organic olive oil. I mixed together a dollop of both in a spray bottle and went to war. They die. I also nip out any infested leaves and dispose of them. At this point, I have become a Bay Leaf Sucker's worst nightmare. Our Bay Leaf tree looks 100% better, and I have a new sport - Organic Bay Leaf Sucker Hunting. If you have a similar problem, save yourself the money of buying expensive insecticidal soap and make your own concoction. It's cheaper and way more satisfying. My apologies to any members of the Society for the Prevention of Cruelty Against Bay Leaf Suckers, (SPOCABLES).


I won't be coming to any of your garden parties in the near future! Once in a while, you get it right and put together a plant combination that just knocks your socks off. This is one. Hosta varieties "Blue Angel" and 'June' and heuchera 'Southern Comfort'. Every gardener needs inspiration and these books will provide it! Perennial Combinations: Stunning Combinations That Make Your Garden Look Fantastic Right from the Start (Rodale Garden Book)Another best-seller on this website. I recently came across this photo. This is one of those cases of buying the worst house on the street and it was ugly! After a lot of work and enjoyment, here is the same view today. A few years ago, I created a partial paving stone patio, which can be seen in this photo. By my calculations it involved moving 11,000 pounds of material in a yard, with an 8 foot vertical drop.


How to get all of the sand and gravel for the base from the parking pad which was at the higher elevation to the patio area was the problem. I solved it by getting two concrete tube forms (the one used to make concrete columns) and taping them together with duct tape. The material slid down the tube into a wheelbarrow. It worked but it was nonetheless a back-breaking job. The patio I made had sweeping curved edges and looked pretty good, but it was not big enough to be truly useful. When we decide to expand the patio to include the remaining section of yard which was still grass, I hired some experts. What would have taken me three months took them a couple of days! Anyway, the results were excellent and we have had a beautiful and practical patio since then. It was definitely worth doing. Instead of having a patch of grass, that needed constant mowing and weeding, we now have a beautiful patio for entertaining and summer enjoyment. The addition of numerous pots with hostas and annuals adds a lush beauty to the area.





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