Erica Rendell

VANCOUVER REAL ESTATE

VANCOUVER, BC – June 4, 2019 – Monthly *Metro Vancouver1 home sales eclipsed 2,000 for the first time this year in May, although home buyer demand remains below historical averages.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,638 in May 2019, a 6.9 per cent decrease from the 2,833 sales recorded in May 2018, and a 44.2 per cent increase from the 1,829 homes sold in April 2019.


“High home prices and mortgage qualification issues caused by the federal government’s B20 stress test remain significant factors behind the reduced demand that the market is experiencing today,” Ashley Smith, REBGV president said.


Click here for the full article

Read full post

I have sold a property at 311 1153 Vidal ST in White Rock.
"Montecito by the Sea" just over 1100 sq. ft. of fantastic living space! Enjoy a unique top floor s/w corner with southern exposure w/windows facing south, west & north! Two balconies perfect for entertaining and one with a peek a boo ocean view. Two large bedrooms both having their own ensuite bathrooms and one bedroom has a private balcony. The living room, dining room are open concept to the kitchen with stunning quartz counters, a gas fireplace in the living room NO neighboring walls! Located next to residential at the back of the property which makes this home very quiet. BBQ'S OK. Storage in suite w/laundry. One parking spot underground.
Read full post

I have sold a property at 312 789 16TH AVE W in Vancouver.
'Sixteen Willows’. Rarely available and well laid out this elegant spacious suite offers 2 bedrooms, 2 bathrooms, 2 parking, a balcony and a large storage locker. This suite offers more than 1100 sq ft to easily accommodate large furniture. Features: brand new kitchen appliances & counter-tops, wide plank hardwood flooring and huge master bedroom. Very well looked after building. Close to all shopping and amenities. 5 mins to everything on the Cambie Corridor, including the Canada line to YVR and downtown. Grab your coffee in the morning at Willow Bakery cafe just downstairs. Walkers paradise-walk score 92.
Read full post

Please visit our Open House at 312 789 16TH AVE W in Vancouver.
Open House on Thursday, May 16, 2019 5:00PM - 6:30PM
'Sixteen Willows’. Rarely available and well laid out this elegant spacious suite offers 2 bedrooms, 2 bathrooms, 2 parking, a balcony and a large storage locker. This suite offers more than 1100 sq ft to easily accommodate large furniture. Features: brand new kitchen appliances & counter-tops, wide plank hardwood flooring and huge master bedroom. Very well looked after building. Close to all shopping and amenities. 5 mins to everything on the Cambie Corridor, including the Canada line to YVR and downtown. Grab your coffee in the morning at Willow Bakery cafe just downstairs. Walkers paradise-walk score 92. Open house Tues May 14 10:30 am - 12:00 pm, Thurs May.16 5:00-6:30pm, Sat. May 18 2:00-4:00 pm and Sun May 19 2:00-4:00 pm.
Read full post

Please visit our Open House at 312 789 16TH AVE W in Vancouver.
Open House on Sunday, May 19, 2019 2:00PM - 4:00PM
'Sixteen Willows’. Rarely available and well laid out this elegant spacious suite offers 2 bedrooms, 2 bathrooms, 2 parking, a balcony and a large storage locker. This suite offers more than 1100 sq ft to easily accommodate large furniture. Features: brand new kitchen appliances & counter-tops, wide plank hardwood flooring and huge master bedroom. Very well looked after building. Close to all shopping and amenities. 5 mins to everything on the Cambie Corridor, including the Canada line to YVR and downtown. Grab your coffee in the morning at Willow Bakery cafe just downstairs. Walkers paradise-walk score 92. Open house Tues May 14 10:30 am - 12:00 pm, Thurs May.16 5:00-6:30pm, Sat. May 18 2:00-4:00 pm and Sun May 19 2:00-4:00 pm.
Read full post

Please visit our Open House at 312 789 16TH AVE W in Vancouver.
Open House on Tuesday, May 14, 2019 10:30AM - 12:00PM
'Sixteen Willows’. Rarely available and well laid out this elegant spacious suite offers 2 bedrooms, 2 bathrooms, 2 parking, a balcony and a large storage locker. The living area is open & large enough to divide into a den or family area. This suite offers more than 1100 sq ft to easily accommodate large furniture. Features: brand new kitchen appliances & counter-tops, wide plank hardwood flooring and huge master bedroom. Very well looked after building. Close to all shopping and amenities. 5 mins to everything on the Cambie Corridor, including the Canada line to YVR and downtown. Grab your coffee in the morning at Willow Bakery cafe just downstairs. Walkers paradise-walk score 92. Open house Tues May 14 10:30 am - 12:00 pm, Saturday May 18 2:00-4:00 pm and Sunday May 19 2:00-4:00 pm.
Read full post

Please visit our Open House at 312 789 16TH AVE W in Vancouver.
Open House on Saturday, May 18, 2019 2:00PM - 4:00PM
'Sixteen Willows’. Rarely available and well laid out this elegant spacious suite offers 2 bedrooms, 2 bathrooms, 2 parking, a balcony and a large storage locker. The living area is open & large enough to divide into a den or family area. This suite offers more than 1100 sq ft to easily accommodate large furniture. Features: brand new kitchen appliances & counter-tops, wide plank hardwood flooring and huge master bedroom. Very well looked after building. Close to all shopping and amenities. 5 mins to everything on the Cambie Corridor, including the Canada line to YVR and downtown. Grab your coffee in the morning at Willow Bakery cafe just downstairs. Walkers paradise-walk score 92. Open house Tues May 14 10:30 am - 12:00 pm, Saturday May 18 2:00-4:00 pm and Sunday May 19 2:00-4:00 pm.
Read full post

I have listed a new property at 312 789 16TH AVE W in Vancouver.
'Sixteen Willows’. Rarely available and well laid out this elegant spacious suite offers 2 bedroom, 2 bathroom, 2 parking, a balcony and an extra large storage locker. The living area is open & large enough to divide it into a den or family area. This suite offers more than 1100 sq ft, you can easily accommodate large furniture. Features: brand new kitchen appliances & counter-tops, nice caramel widplank hardwood flooring and huge master bedrm. Very well looked after building. Close to all shopping and amenities. 5 mins to everything on the Cambie Corridor, including the Canada line to YVR or downtown. Grab your coffee in the morning at Willow Bakery cafe just downstairs. Walkers paradise- walk score 92. The unit shows exceptionally well.
Read full post

VANCOUVER, BC – May 2, 2019 – Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver* housing market.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,829 in April 2019, a 29.1 per cent decrease from the 2,579 sales recorded in April 2018, and a 5.9 per cent increase from the 1,727 homes sold in March 2019.


Last month’s sales were 43.1 per cent below the 10-year April sales average.


“Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at the entry-level side of the market to struggle to secure financing,” Ashley Smith, REBGV president said. “Suppressing housing activity through government policy not only reduces home sales, it harms the job market, economic growth and creates pent-up demand.”


There were 5,742 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2019. This represents a 1.3 per cent decrease compared to the 5,820 homes listed in April 2018 and a 16 per cent increase compared to March 2019 when 4,949 homes were listed.


The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 14,357, a 46.2 per cent increase compared to April 2018 (9,822) and a 12.4 per cent increase compared to March 2019 (12,774).


“There are more homes for sale in our market today than we’ve seen since October 2014. This trend is more about reduced demand than increased supply,” Smith said. “The number of new listings coming on the market each month are consistent with our long-term averages. It’s the reduced sales activity that’s allowing listings to accumulate.


” The overall sales-to-active listings ratio for April 2019 is 12.7 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.4 per cent for townhomes, and 15.3 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


Click here for the full report.

Read full post

Budgeting for Moving Day Expenses

On moving day, you'll have a big task. You’ll need to get your possessions from your old property to your new one — ideally without delays or damage! Surprisingly, many people underestimate the time and costs involved in doing that. Careful planning and budgeting are crucial to ensuring moving day goes smoothly.

You basically have three options:

  1. Hire a moving company to handle everything.
  2. Hire a truck and crew, while doing some of the work yourself. (For example, you can pack and help with loading.)
  3. Do it all yourself by renting a moving van and getting friends and family to help.

If you're going with option one, get quotations as early in the buying/selling process as possible. Services, costs and quality vary widely among full-service moving companies.

If you're going to do some or all of the move yourself, the best place to start is by making a list of what you'll need. In addition to renting a moving van, or hiring a truck and crew, there are many supplies you may require. For example, you’ll need boxes, protective fill and/or wrapping (i.e. bubble wrap), markers for labeling boxes, packing tape, and more.

You may decide to rely on friends to help load the truck on moving day. That's fine. Just be sure you have enough people to do the job within a reasonable timeframe, and confirm everyone's attendance at least a couple of days before.

Read full post

When You See a Home You Love

Imagine driving through a desirable neighbourhood and, just as you turn a corner, you see the absolutely perfect home. Guess what? It's for sale! But, there’s a problem. Your current property isn't on the market. In fact, until this moment, you hadn’t seriously considered moving.

So what do you do?

Your first step is to find out more about the listing. Get a description of the property. Find out the listing price. Check out the size, layout, number of bedrooms and other features. If it all looks good, schedule a viewing.

Chances are, you can do all that in less than a day.

If you go to see the property and still love it, your next step is to determine if it fits within your budget. To do that, you'll need to quickly find out the Current Market Value of your home — what it will likely sell for — so you can determine how much money you'll have available after your outstanding mortgage and any other costs are deducted. It’s a smart idea to speak to your lender about getting a pre-approved mortgage at this point too.

Next, you'll need to make an offer on the new home. Depending on the competitiveness of the neighbourhood, and the likelihood of multiple offers, you might need to list your home first. That, along with a pre-approved mortgage, will make your offer more credible.

You might end up buying the new home before your current property sells. Although that might cause some jitters, this scenario happens all the time in real estate. If you do the right things, and prepare your home properly, there's a good probability it will sell in time and that everything else regarding the two transactions will go smoothly.

But, you do need to move quickly and make some fast decisions if you want to get that perfect home.

I can help. Call me. 

Read full post

Getting an Early Start on Selling your Home


You've probably heard the expression, "The early-bird gets the worm." It refers, of course, to those who get in early and reap the rewards. For example, if you arrive early to a retail store for a big blowout sale, you're likely to get the deals before the inventory runs out. The stragglers who come later miss out.


Well, this same wisdom can be applied to selling your home. Starting the process early — even if that means simply doing some initial planning — gives you the edge in several ways.


First of all, you get extra time for preparation. That means you can get your home cleaned, uncluttered and staged without feeling rushed. You also get more time to find out how much your property will likely sell for on today's market. That's important information, especially if you're also looking to finance a new home.


Secondly, there's less stress. You'll have more time to make the right decisions. The last thing you want is to be scrambling around, last minute, trying to get your home ready for sale.


Finally, with your initial preparations done, you'll be able to put your home on the market at a moment's notice. That's a huge advantage that's likely to lead to selling your property more quickly and for the best price. In fact, by getting an early start on the process, you might even find that right now is the best time to list -- and you'll be able to do so, with confidence.


Want help getting an early start on selling your home? Call me.

Read full post

Buying a Home in a Competitive Neighbourhood


Imagine you’ve dreamed of living in a particular neighbourhood, perhaps for years, and then, when you're finally ready to make a move, finding out that the area is competitive and buying there is definitely a challenge.


A disappointment? Not necessarily.


There is a lot you can do to buy into a popular neighbourhood, even in competitive offer situations.


Your first step is to start targeting that area now. Find out about property types, prices and trends. In particular, you’ll need to know what price range you should be thinking about, and making sure that it’s going to fit your budget. To do that, you might need to get a determination of the Fair Market Value of your current home.


Next, begin making preparations so you can get a jump on opportunities in that neighbourhood quickly. You don't want to see a great property come on the market and not be ready to make a move. So, get your current home in order so it’s ready for a quick listing.


If possible, make arrangements to get alerted to new listings as soon as they come on the market. Keep in mind that a new listing may not appear online for several days. By getting advance notice, you can be among the first buyers to see the home and have an early advantage over other buyers.


If it's likely there's going to be competing offers for the home you want, there are many strategies that can increase your chances of winning. These involve going in at the right price, minimizing conditions to the offer, presenting the offer appropriately, and negotiating effectively.


Is there a neighbourhood you want to get into? I can help make it happen. Call today.

Read full post

I have sold a property at 5566 Chinook ST in Sardis.
Almost BRAND NEW 3 (or 4) bedroom & 4 bathroom NON-STRATA rowhome steps to UFV, the Vedder River, parks, schools, Garrison Crossing, & 5 mins to Cultus Lake! Kept in IMMACULATE CONDITION, this 2398 sq ft home features an open concept kitchen w/ stylish white shaker cabinets, stainless steel appliances, & quartz counters. Oversized living room w/ gas fireplace, and a spacious dining room- bring that 8 person table! AMAZING PATIO w/ retractable awning to take in the spectacular southern mountain views as well as Lindy's Park. Large master suite w/ full ensuite & dual vanities. FINISHED BSMT w/ full bathroom, rec room, & gym area w/ professional mats in place. This home has been recently painted, has built in speakers, b.i vac, & also features the much needed AIR CONDITIONING!
Read full post

VANCOUVER, BC – April 2, 2019 – Metro Vancouver* home sales dipped to the lowest levels seen in March in more than three decades.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sold in February 2019.


Last month’s sales were 46.3 per cent below the 10-year March sales average and was the lowest total for the month since 1986.


"Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced," Ashley Smith, REBGV president said. "For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”


“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away. Using public policy to delay local demand in the housing market just feeds disruptive cycles that have been so well-documented in our region."


There were 4,949 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2019. This represents an 11.2 per cent increase compared to the 4,450 homes listed in March 2018 and a 27.2 per cent increase compared to February 2019 when 3,892 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,774, a 52.4 per cent increase compared to March 2018 (8,380) and a 10.2 per cent increase compared to February 2019 (11,590).


For all property types, the sales-to-active listings ratio for March 2019 is 13.5 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.9 per cent for townhomes, and 17.2 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,011,200. This represents a 7.7 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.


Sales of detached homes in March 2019 reached 529, a 26.7 per cent decrease from the 722 sales in March 2018. The benchmark price for a detached home is $1,437,100. This represents a 10.5 per cent decrease from March 2018, and a 0.4 per cent decrease compared to February 2019.


Sales of apartment homes reached 873 in March 2019, a 35.3 per cent decrease compared to the 1,349 sales in March 2018. The benchmark price of an apartment property is $656,900. This represents a 5.9 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.


Attached home sales in March 2019 totalled 325, a 27.1 per cent decrease compared to the 446 sales in March 2018. The benchmark price of an attached home is $783,600. This represents a six per cent decrease from March 2018, and a 0.7 per cent decrease compared to February 2019.


Click here for the full report.

Read full post

I have sold a property at 101 245 ROSS DR in New Westminster.
Gorgeous corner garden level suite with a separate walk in entrance, feels like a townhouse. Enjoy the privacy from your covered wrap around patio (175 sq ft) overlooking the beautiful heritage trees & gardens. 9 ft ceilings, brand new flooring, built-ins throughout, walk in closet, updated lighting, new hardware & fixtures, s/s appliances, refrigerator w/ ice maker, phantom retractable door screen + more. Close to Royal Columbian Hospital, shopping, parks & transit. You can catch the C3 shuttle bus almost at your door step to go to Columbia or New Westminster stations. Amenities: exercise centre, recreation centre, and theater room. It comes with secure underground parking and a storage locker. Pets and rentals allowed. Perfect for dog lovers.
Read full post

Does the Area Have What You Want?


Imagine going to a restaurant with your family for dinner. You're planning on ordering a nice pasta and salad. Your heart is set on it. But, after you go to the trouble of driving there and getting a table, you discover that pasta is not on the menu.


That’s disappointing!


Of course, it’s only a meal. You can go somewhere else next time. But, what if the same scenario played out once you had moved into a new neighbourhood? Imagine you were counting on public transit being in easy walking distance, but discovered the nearest stop is four blocks away. Argh!


That's why it's important to ensure a neighbourhood has the characteristics you want — before you make an offer on a home you like.


Think about what you want most in a neighbourhood. Consider work, commuting, schools, playgrounds, noise level, walking and cycling, hobbies, shopping, entertainment, etc.


If there is a neighbourhood feature that is very important to you, check it out for yourself. For example, if easy access to a main highway is desirable for commuting, take the route for a test drive.


You can get a lot of information on a neighbourhood through the listed property's description and MLS listing.


Want more in-depth insights into an area you're considering? I have that information. Call today.

Read full post
Categories:   Arbutus, Vancouver West Real Estate | Brighouse, Richmond Real Estate | Cambie, Vancouver West Real Estate | Central Coquitlam, Coquitlam Real Estate | Coal Harbour, Vancouver West Real Estate | Coquitlam West, Coquitlam Real Estate | Deer Lake, Burnaby South Real Estate | Downtown NW, New Westminster Real Estate | Downtown VE, Vancouver East Real Estate | Downtown VW, Vancouver West Real Estate | Dunbar, Vancouver West Real Estate | Fairview VW, Vancouver West Real Estate | False Creek, Vancouver West Real Estate | Fraserview NW, New Westminster Real Estate | Fraserview VE, Vancouver East Real Estate | Grandview Surrey, South Surrey White Rock Real Estate | Grandview VE, Vancouver East Real Estate | Greentree Village, Burnaby South Real Estate | Hastings, Vancouver East Real Estate | Kerrisdale, Vancouver West Real Estate | Kitsilano, Vancouver West Real Estate | Knight, Vancouver East Real Estate | MacKenzie Heights, Vancouver West Real Estate | Marpole, Vancouver West Real Estate | Metrotown, Burnaby South Real Estate | Mount Pleasant VE, Vancouver East Real Estate | New Westminster Real Estate | Point Grey, Vancouver West Real Estate | Port Moody Centre, Port Moody Real Estate | Quilchena, Vancouver West Real Estate | Riverdale RI, Richmond Real Estate | Sapperton, New Westminster Real Estate | Sechelt District, Sunshine Coast Real Estate | South Slope, Burnaby South Real Estate | Southlands, Vancouver West Real Estate | Steveston South, Richmond Real Estate | Terra Nova, Richmond Real Estate | University VW, Vancouver West Real Estate | Vancouver Real Estate | Vancouver West Real Estate | Vedder S Watson-Promontory, Sardis Real Estate | West End VW, Vancouver West Real Estate | White Rock, South Surrey White Rock Real Estate | Willingdon Heights, Burnaby North Real Estate | Yaletown, Vancouver West Real Estate
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.