#798 4133 Stolberg Street, Richmond

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Stop the envy and start living! Remy offers a rare opportunity to own a home without breaking the bank or compromising your lifestyle. With 251 homes ranging from studios to 2 bedroom suites - all value-priced for new home buyers Stylish, eco-friendly and modern finishings, with geothermal heating and cooling. Just a short stroll away from Aberdeen shopping plaza and the Canada Line, many malls, restaurants, parks and more! Discovery Centre @ 9388 Cambie Road open Sat/Sun from 12pm to 4pm


SouthArm Gardens
#9 8391 Willams Road, Richmond

I just finished uploading this Townhouse for sale, 9 8391 WILLIAMS Road, Richmond, British Columbia

SouthArm Kitchen


HST INCLUDED - Prices starting at $548,800. A collection of two and three level townhomes offering the active lifestyle you crave, adjacent to a community center, pool, parks and numerous sports venues. This 1324 sqft (plan B) quality townhome features a free-flowing layout, quartz and granite counter top finishes, and ground floor space for you to customize as you wish, offering you the freedom to express yourself, or a quiet corner in which to relax. Conveniently located just across the street from South Arm Community Center and park and both Hugh McRoberts Secondary and Whiteside Elementary. Broadmoor shopping center and all its amenities are less than half a lock West. OPEN HOUSE 2PM-4PM MON-THUR, 12-4 SAT-SUN



If you have any questions, please feel free to contact me at 604.644.1044

Mistakes can happen in BC Assessments. Ask the South Surrey family whose property assessment jumped by over a million dollars from 2012 to 2013.

Turned out to be a clerical error that added a phantom 8,000 square feet to their top floor. So it’s always a good idea to check this year’s property assessment against last year’s for any kind of discrepancy.

BC Assessment determines values for all properties in BC so municipalities can tax property owners based on a single province-wide set of standards. Tax rates differ from one municipality to another because they’re set by the local governments, so even if the valuation of your home goes down, you could still pay more tax. BC Assessment isn’t responsible for that, only for the value it sets for your home.

More on how that value is determined.

Your property is assessed according to its value on July 1 of the previous year. If you don’t agree with your BC property assessment, you have until the last minute of Thursday, January 31 to appeal. It will cost you $30.00

Grounds for appeal are:

  • The rate was not based on the average current cost of the improvements.
  • No allowance for physical depreciation was made.
  • No allowance was made for a decline in the cost of constructing or installing a similar improvement of the same or similar functional utility.

From the BC Assessment website, here are the steps in the process.

1.  Check all details on your Assessment Notice
Ask yourself: “Is the information correct and does the actual value represent a fair estimate of my property’s market value on July 1 of last year?”

2.  Discuss any concerns or questions with your local assessment area office
An appraiser at your assessment office will be pleased to discuss the information that is contained in your property file and explain how the market value estimate for your home was based on sales of similar properties in your neighbourhood. You can select any four residential properties that are comparable to yours and receive, free of charge, information such as the land size, general building description, total finished area, and year built with respect to these properties.

You can find the assessed value of comparable properties by using the “e-valueBC – Compare Assessments Online” feature on the BC Assessment website from early January to March 31.

3.  If your concerns are not satisfied, you must request a formal review in writing by filing a written notice of complaint with the assessor by January 31 at 11:59 p.m. PST
To request a review, you must include the following information:

  • your full name
  • your mailing address
  • your home and business phone numbers
  • a statement as to whether or not you are the owner of the property in question
  • the assessment roll number
  • the property address and/or legal description
  • your reason for requesting a review (i.e., the grounds for the complaint)
  • if you appoint an agent, the full name of the agent and the agent’s business phone number

For further information or to appeal your assessment online, refer to your assessment notice, contact your assessment area office or visit BC Assessment’s website at

4.  Once you have filed for a review, you will be advised of a date and place to attend the independent review by a PARP. You will need to call the BC Assessment office listed on your Notice to book an appointment time.
PARPs are appointed by the Ministry of Community, Sport and Cultural Development to review assessments of land and improvements in all municipalities and rural areas of the province.

  • The panel members are lay people who ensure that you receive a fair and impartial hearing.
  • A chair and two members usually conduct the hearings, which are held between February 1 and March 15.
  • If access to the hearing location is a problem, the panel will make alternate arrangements.
  • Everyone who requests a hearing will be heard.  If you are unable to attend the scheduled   hearing you may send in a written submission or have someone appear on your behalf.
  • The hearings are open to the public.

5.  When you attend your scheduled hearing, you will need to provide some information to support your position.
This includes the following:

  • Comparable sales as close to the valuation date of July 1 as possible (information is available through BC Assessment sales records, realtors, local Multiple Listing Service or neighbours). Your evidence should include relevant information on the comparable sales, including address, lot size, living area and age.
  • Your own photos of your property and comparable properties.
  • An independent appraisal report/opinion of value, if available.
  • Comparable assessments in the neighbourhood (BC Assessment’s assessment roll & e-valueBC are available at your local assessment office, libraries and municipal halls or online at

Please limit your arguments to assessment matters. In most residential property appeals, the issue is simply one of valuation (i.e., the actual value does not reflect the market value of my property last July) but occasionally there may be issues with respect to the property’s classification or entitlement to tax exemptions.

The panel does not have authority over taxation, tax rates or the provision of local services and it cannot be influenced by the fact you do not intend to sell your property.

Please note that the Panels’ decision is based on a review of evidence presented or available at the hearing.  The onus is on the complainant to prove their case.  Presenting your best evidence in an organized manner will help facilitate the review process at the PARP.

6.  Procedures at review hearing:

  • Appellants present their case first and may call witnesses.
  • Witnesses may be asked to swear an oath or affirm their willingness to tell the truth.
  • Representatives of BC Assessment may question the appellant and witnesses, and the appellant may question BC Assessment. The panel may also ask questions.
  • If you have prepared a written presentation, please bring five copies: three for the panel, one for the assessor and one for yourself.
  • If you are giving a verbal presentation, some written notes on the important points may assist you.

7.  Following the independent review

  • The PARP will make a decision and will often announce it at the end of your hearing.
  • You will receive formal notification in writing of the decision in early April.<

8.  If you are not satisfied with the panel’s decision:
The Notice of Decision will explain how you can appeal to the Property Assessment Appeal Board. For more information contact the PARP office at the Ministry of Community, Sport and Cultural Development, or visit

Find links to the Lower Mainland offices here.

See also:

What’s the Real Value of Your Home?

 Property Assessments: No Big Surprises in 2013

 Courtesy of REW.CA



In this economy, houses aren't selling like they used to. However, there are some ways to improve the chances of selling your house. If you have a house on the market, or are considering it, read on for seven tips that will make it easier to sell your house and make a smooth transition from one owner to the next. 
  1. Maintain Neutrality
    This policy has worked for Switzerland, and it can also work in real estate. Customizing your home is great if you plan to stay there, but extreme colors and themed rooms can scare off potential homebuyers. If you have customized every room with extremely bright or dark colored paint, wallpaper or wall fixtures, you may want to consider toning it down a bit. Using neutral colors on the walls can help prospective buyers create their own vision for the house, and will also leave them with less work to undo if they buy the house.

  2. Less Is More
    Even though you have not moved out yet, removing some of your furniture can help the house move off the market. If you take pictures for your listing, having less furniture can help the home appear more spacious. When potential homebuyers arrive, having less furniture can also provide clear walkways. 

  3. That New House Smell
    Honestly, the new house smell isn't always the most pleasant, but at least it is new. In preparing to show your home, you should avoid strong smells. To avoid odors, make sure to take out the trash and clean the refrigerator regularly. It is also good to be mindful of what you cook in the days leading up to a showing since certain foods have strong scents. If you have pets, keep an eye on the litter box. Any smell that is too strong could send potential homebuyers running out the door.

  4. Pay Attention to the Details
    It is not a good idea to make major renovations when you are ready to sell your home because you may not recoup your investment. If you never got around to starting or completing that total kitchen or bathroom makeover, then you can make some small, inexpensive changes to spruce things up. Replacing the hardware on cabinets is a quick way to improve the appearance of older looking fixtures. Upgrading small items such as light switch and outlet covers can also add a nice touch.

  5. Maximize Your "Curb Appeal"
    The front of your home is the first thing prospective home-buyers will see, so keeping it presentable is a must. If there is a yard, keep the grass to a reasonable height and if there are trees, be sure to keep the branches under control. The path to your front door should be a clear and welcoming one, not an obstacle course!

  6. Don't Get Too Personal
    Upon entering your house, everyone will know it is lived in, but they do not need to see all the evidence. Get rid of excess clutter such as newspapers, magazines, and mail. Be sure to put away your laundry and shoes. It may also be a good idea to put away some other personal belongings like pictures on the refrigerator or mantle. For you, the pictures may make a house a home or display your personal touch. For the new homeowner, it may appear too personal.

  7. Take Care of Repairs
    Waiting to make repairs until after you find a buyer can be tricky. Depending on the nature of the repairs, you may not be able to find a buyer. Depending on how fast the buyer wants to close on the house, you may not have enough time to make the repairs. Save yourself some time and potential trouble, by making repairs before you list your home. The repairs will have to be made anyway, so it is better to get them out of the way sooner rather than later.
First impressions can make the difference between a sale or no sale. Keeping things simple can give you a leg up on similar houses on the market.

Courtsey of 



NEW LISTING in Steveston Village
Mariners Village: #35 11291 7th Ave, Richmond

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Townhouse for sale, 35 11291 7th Ave, Richmond, BC

Mariners Village Living Room


MARINERS VllLAGE! - Rare, totally DETACHED end-unit home,1849 sq. ft with 3 bed, 2.5 bath PLUS separate family room off the kitchen. Patio off the master suite to your private, spacious backyard. DOUBLE carport with long driveway for visitors! Immaculate condition - new roof, high vaulted ceilings with a large WEST facing balcony off the living and dining room with SPECTACULAR views of the ocean! Includes laminate floors, newer hot water tank and furnace. Beautiful waterfront clubhouse with indoor pool/sauna/hot tub. Take a stroll to Steveston Village and Garry Point Park. With nature at your doorstep, stunning sunsets and snow geese, what more could you ask for? Call now to view!


Ten Resolutions To Get You In A New Home For The New Year

 Is one of your New Year’s Resolutions to move into your own home in 2013? One of the keys to making the home-buying process easier and more understandable is planning. In doing so, you’ll be able to anticipate requests from lenders, lawyers and a host of other professionals. Furthermore, planning will help you discover valuable shortcuts in the home-buying process. Follow these steps to achieve your goal of home ownership in 2013.

Resolution #1: Decide What You Want
Let’s start with the fun part. The first step is to decide what you are looking for. You need to determine the what, where, and when of your purchase. What kind of house are you looking for? Where would you like to live? When would you like to buy? Spend a lot of time thinking about this, a new home is a serious commitment and you want to choose somewhere where you can happily live for several years.

It can be helpful to write down all the information you have gathered. Be sure to take note of other important factors such as whether or not you hope to expand your family or if you plan to remain at your job for a long period of time. Consider such things as pricing, location, size, amenities (extras such as a pool or extra-large kitchen) and design (one floor or two, colonial or modern, etc.). You may want to order your priorities so that you will be prepared to make difficult decisions quickly.  If you can’t get a home at your price with all the features you want, then what features are most important? For instance, would you trade fewer bedrooms for a larger kitchen? How about a longer commute for a bigger lot and lower cost?

Resolution #2: Get Your Financial House in Order 
Once you have an idea of what you are looking for it’s time to get realistic and determine what you can afford. How much do you have available for a down payment? What is your monthly budget for a mortgage payment? Do you have money for closing costs and taxes? Is your financial house in order?  Few people can buy a home for cash. According to the National Association of REALTORS® (NAR), nearly nine out of 10 buyers finance their purchase, which means that virtually all buyers — especially first-time purchasers — required a loan. You should start the mortgage process before bidding on a home. By meeting with lenders — either online or face to face — and looking at loan options, you will find which programs best meet your needs and how much you can afford.

Resolution #3: Get Your Pre-Approval Before House Hunting
“Pre-approval” means you have met with a loan officer, your credit files have been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre-approval letter, which shows your borrowing power. You can visit as many lenders as you like and get several pre-approvals, but keep in mind that each one carries with it a new credit check, which will show up on future credit reports.

Although not a final loan commitment, the pre-approval letter can be shown to listing brokers when bidding on a home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to owners since they do not want to accept an offer that is likely to fail because financing cannot be obtained. The loan officer will carefully review your financial situation, including your credit report and other information. The lender will then suggest programs which most-closely meet your needs.

Resolution #4: Find Your REALTOR®
Buying and selling real estate is a complex matter. At first it might seem that by checking local picture books or online sites you could quickly find the right home at the right price. But no two properties — even two identical models on the same street — are precisely and exactly alike. Homes differ and so do contract terms, financing options, inspection requirements and closing costs. In this maze of forms, financing, inspections, marketing, pricing and negotiating, it makes sense to work with professionals who know the community and much more.

The best place to find a local REALTOR® is from’s® extensive listing of community professionals. In the REALTOR® Search section you can browse profiles, view their website and read recommendations.  You may want to interview several people before selecting one professional with whom to work. These interviews represent a good opportunity to consider such issues as training, experience, representation and professional certifications.

Resolution #5: Find Your New Home 
Now we are back into the fun stuff. A home is more than just a collection of bedrooms and bathrooms. Several properties — each with four bedrooms, three baths, and the same price — may well represent radically different designs, commuting distances, lot sizes, tax costs, interior dimensions, and exterior finishes. Here’s where the information you gathered in Resolution #1 comes into play. You already know what you want.

Some buyers like to search® by looking at listings on the basis of location or price; others prefer to have local REALTORS® suggest properties; and many buyers prefer both approaches. Maintain a file with information on each of the homes you like either online, in the® mobile app, or in a notebook or folder. How do you know if a house is THE one? Probably the best approach is to look at as many homes as possible.

Resolution #6: Understand Your Mortgage Options
Financing is routinely greater than the original purchase price of a home (after including interest and closing costs). Because financing is so important, buyers should have as much information as possible regarding mortgage options and costs.

How much down? Loans with 5 percent down or less are available — in fact, loans from major lenders with no money down have appeared in recent years. If you place less than 20 percent down, lenders will want the mortgage guaranteed by an outside third party such as the Canada Mortgage and Housing Corporation (CMHC) or a private mortgage insurer (PMI, or private mortgage insurance, is required by lender to protect against any mortgage defaults).

The best rates and terms are only available to those with solid credit. To get the best loans, make a point of paying credit cards, installment payments, rent and mortgage bills in full and on time.To obtain a loan you must complete a written loan application and provide supporting documentation. Specific documents include recent pay stubs, rental checks and tax returns for the past two or three years if you are self-employed. During the pre-qualification procedure, the loan officer will describe the type of paperwork required. Mortgage financing can be obtained from mortgage bankers, mortgage brokers, savings and loan associations, mutual savings banks, commercial banks, credit unions, and insurance companies.

Resolution #7: Make An Offer
Once you have found a home you want to make an offer on you have three choices: accept the listed price and create a contract; reject it and not make an offer; or suggest different terms and make a counter-offer. If you choose this last option, the seller may accept, reject or make a counter-offer. You sometimes hear that the amount of your offer should be x percent below the seller’s asking price or y percent less than you’re really willing to pay. In practice, the offer depends on the basic laws of supply and demand: If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order. The process of making offers varies around the country. In a typical situation, you will complete an offer that the REALTOR® will present to the owner and the owner’s representative.

Resolution #8: Protect Yourself With Insurance
No one would drive a car without insurance, so it figures that no homeowner should be without insurance. Title insurance is purchased with a one-time fee at closing, title insurance protects owners in the event that title to the property is found to be invalid. Coverage includes “lenders” policies, which protect buyers up to the mortgage value of the property, and “owners” coverage, which protects owners up to the purchase price. In other words, “owners” coverage protects both the mortgage amount and the value of the down payment.

Homeowner’s insurance provides fire, theft and liability coverage. Homeowners’ policies are required by lenders and often cover a surprising number of items, including in some cases such personal property as wedding rings, furniture and home office equipment. In high-risk flood-prone areas, flood insurance may be required. This insurance is issued by the federal government and provides as much as $250,000 in coverage for a single-family home plus $100,000 for contents.

For new homes, home warranties bought from third parties by home builders are generally designed to provide several forms of protection: workmanship for the first year, mechanical problems such as plumbing and wiring for the first two years, and structural defects for up to 10 years. Home warranties for existing homes are typically one-year service agreements purchased by sellers. In the event of a covered defect or breakdown, the warranty firm will step in and make the repair or cover its cost.

Resolution #9: Close On Your New Home
The closing process, also known as Completion, is increasingly computerized and automated. In many cases, buyers and sellers don’t need to attend a specific event; signed paperwork can be sent to the closing agent via email or fax.

Completion is a brief process where all of the necessary paperwork needed to complete the transaction is signed. Title to the property is transferred from seller to buyer. The buyer receives the keys and the seller receives payment for the home. From the amount credited to the seller, the closing agent subtracts money to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed and filed with local property record offices.

Before closing, buyers typically have a final opportunity to walk through the property to assure that its condition has not materially changed since the sale agreement was signed. At closing itself, all papers have been prepared by closing agents, title companies, lenders and lawyers. This paperwork reflects the sale agreement and allows all parties to the transaction to verify their interests. For instance, buyers get the title to the property, lenders have their loans recorded in the public records and state governments collect their transfer taxes.

Resolution #10: Tie Up Loose Ends
You’ve done it. You’ve looked at properties, made an offer, obtained financing and gone to closing. What’s next?

Those papers you received at completion are extremely valuable, so hold on to them! In the short-term they can help establish tax deductions for the year in which the property was purchased. In the future, such papers will be important for tax purposes when the property is sold, and in some cases, for calculating estate taxes.

Also at closing, determine the status of the utilities required by the home, items such as water, sewage, gas, electric and oil service. You want utility bills to be paid in full by owners as of closing and you also want services transferred to your name for billing. Usually such transfers can be done without turning off utilities. About two weeks after closing, contact your local property records office and confirm that your deed has been officially recorded. Such records are public notices that show your interest in the property.

When you move in, you may want to replace all locks just to be safe. Many owners make a photo or video record of the home and their possessions for insurance purposes and then keep the records in a safety deposit box. Your insurance provider can recommend what to photograph and how to secure it. You want to maintain fire, theft and liability insurance. As the value of your property increases such coverage should also rise.

Enjoy your home. Owning real estate involves contracts, loans, and taxes, but ultimately what’s most important is that home ownership should be a wonderful experience.

Courtesty of 


Greater Vancouver residential property sale and listing 
activity below 10-year averages in November
Vancouver, B.C. – December 4, 2012 – Over the past six months, the Greater Vancouver 
housing market has seen a reduction in the number of homes listed for sale, a gradual moderation 
in home prices and a decrease in property sales compared to historical averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of 
detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing 
Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in 
November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.
November sales were 30.3 per cent below the 10-year November sales average of 2,420.
“Home sellers appear more inclined to remove their properties from the market today rather than 
lower prices to sell their properties. On the other hand, buyers appear to be expecting prices to 
moderate,” Eugen Klein, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 2,758
in November. This represents a 14.4 per cent decline compared to November 2011 when 3,222
properties were listed for sale on the MLS® and a 36.2 per cent decline compared to the 4,323
new listings in October 2012.
New listings were 12.9 per cent below the 10-year November average of 3,168.
At 15,689, the total number of residential property listings on the MLS® increased 13 per cent 
from this time last year and declined 9.7 per cent compared to October 2012. Total listings in the 
region have declined by nearly 3,000 properties since reaching a peak of 18,493 in June.
The region’s sales-to-active-listings ratio was unchanged from October at 11 per cent.
“Home prices in Greater Vancouver have generally declined between three and five and a half
per cent, depending on property type, since reaching a peak six months ago,” Klein said.
“Changes in home prices vary per municipality and neighbourhood. It’s good to check local 
market statistics with your REALTOR®.”
Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark 
price for all residential properties in Greater Vancouver has declined 4.5 per cent to $596,900.
This represents a 1.7 per cent decline when we compared to this time last year.ales of detached properties in Greater Vancouver reached 629 in November, a decrease of 31.3 
per cent from the 916 detached sales recorded in November 2011, and a 40.1 per cent decrease 
from the 1,050 units sold in November 2010. Since reaching a peak in May, the benchmark price 
for a detached property in Greater Vancouver has declined 5.5 per cent to $914,500.
Sales of apartment properties reached 750 in November 2012, a 25 per cent decrease compared 
to the 1,000 sales in November 2011, and a decrease of 28.7 per cent compared to the 1,052 sales 
in November 2010. Since reaching a peak in May, the benchmark price for an apartment 
property in Greater Vancouver has declined 3.9 per cent to $364,900.
Attached property sales in November 2012 totalled 307, a 30.9 per cent decrease compared to the 
444 sales in November 2011, and a 24.6 per cent decrease from the 407 attached properties sold 
in November 2010. Since reaching a peak in April, the benchmark price for an attached property 
in Greater Vancouver has declined 3.6 per cent to $454,300.
Feature Facts:
• Of the 15,689 homes currently for sale on the MLS® in Greater Vancouver, 49.6 per cent 
are listed for $600,000 or less. Of those, 1,321 are detached properties, 5,039 are 
condominiums and 1,419 are townhomes.
• Of the 1,686 homes that sold in Greater Vancouver in November, 273 (16%) sold for $1 million or more.


Prices hold firm as home buyers and sellers conclude 2012 from the sidelines

Vancouver, B.C. – January 3, 2013
The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2012 reached 25,032, a 22.7 per cent decline from the 32,387 sales recorded in 2011, and an 18.2 per cent decrease from the 30,595 residential sales in 2010. Last year’s home sale total was 25.7 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.

The number of residential properties listed for sale on the MLS® in Greater Vancouver declined 2 per cent in 2012 to 58,379 compared to the 59,539 properties listed in 2011. Looking back further, last year’s total represents a 0.6 per cent increase compared to the 58,009 residential properties listed in 2010. Last year’s listing total was 6.1 per cent above the ten-year average for annual MLS® property listings in the region.

"For much of 2012 we saw a collective hesitation on the part of buyers and sellers in the Greater Vancouver housing market. This behavior was reflected in lower than average home sale activity and modest fluctuations in home prices,” Eugen Klein, REBGV president said.

Residential property sales in Greater Vancouver totalled 1,142 in December 2012, a decrease of 31.1 per cent from the 1,658 sales recorded in December 2011 and a 32.3 per cent decline compared to November 2012 when 1,686 home sales occurred.

December sales were 38.4 per cent below the 10-year December sales average of 1,855.

Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 5.8 per cent to $590,800. This represents a 2.3 per cent decline when compared to this time last year.

“We saw home prices come down a bit during the latter half of the year. During the same period, we saw fewer home sales and listings,” Klein said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,380 in December 2012. This represents a 15.3 per cent decline compared to the 1,629 units listed in December 2011 and a 50 per cent decline compared to November 2012 when 2,758 properties were listed.

Sales of detached properties in December 2012 reached 425, a decrease of 32.5 per cent from the 630 detached sales recorded in December 2011, and a 44.7 per cent decrease from the 769 units sold in December 2010. The benchmark price for detached properties decreased 2.7 per cent from December 2011 to $904,200. Since reaching a peak in May, the benchmark price of a detached property has declined 6.5%.

Sales of apartment properties reached 504 in December 2012, a decline of 34.9 per cent compared to the 774 sales in December 2011, and a decrease of 37.9 per cent compared to the 811 sales in December 2010.The benchmark price of an apartment property decreased 1.9 per cent from December 2011 to $361,200. Since reaching a peak in May, the benchmark price of an apartment property has declined 12.8%.

Attached property sales in December 2012 totalled 213, a decline of 16.1 per cent compared to the 254 sales in December 2011, and a 33.2 per cent decrease from the 319 attached properties sold in December 2010. The benchmark price of an attached unit decreased 2.6 per cent between December 2011 and 2012 to $450,900. Since reaching a peak in April, the benchmark price of an attached property has declined 4.4%.

“Activity continues to vary depending on area so it’s important to work with your REALTOR® and other professionals to understand the trends in your area of interest,” Klein said.   

Courtesy of the Real Estate Board of Greater Vancouver 

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