January 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

Home buyer demand depends on property type

Attached and apartment homes are in demand across Metro Vancouver while detached home buyers are facing less competition today.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 percent decrease compared to December 2017 when 2,016 homes sold.

Last month’s sales were 7.1 per cent above the 10-year January sales average. By property type, detached sales were down 24.8 per cent from the 10-year January average, attached sales increased 14.3 per cent and apartment sales were up 31.6 per cent over the same period.

“Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver,” Jill Oudil, REBGV president said. “Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.”

There were 3,796 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2018. This represents an 8.3 per cent decrease compared to the 4,140 homes listed in January 2017 and a 100.7 per cent increase compared to December 2017 when 1,891 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,947, a four per cent decrease compared to January 2017 (7,238) and a 0.2 per cent decrease compared to December 2017 (6,958).

For all property types, the sales-to-active listings ratio for January 2018 is 26.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 32.8 per cent for townhomes, and 57.2 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark 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 homes in Metro Vancouver is currently $1,056,500. This represents a 16.6 per cent increase over January 2017 and a 0.6 per cent increase compared to December 2017.

Detached home sales in January 2018 reached 487, a 9.7 per cent increase from the 444 detached sales recorded in January 2017. The benchmark price for detached properties is $1,601,500. This represents an 8.3 per cent increase from January 2017 and a 0.3 per cent decrease compared to December 2017.

Apartment home sales reached 1,012 in January 2018, a 22.7 per cent increase compared to the 825 sales in January 2017. The benchmark price of an apartment property is $665,400. This represents a 27.4 per cent increase from January 2017 and a 1.5 per cent increase compared to December 2017.

Attached home sales in January 2018 totalled 319, a 25.6 per cent increase compared to the 254 sales in January 2017. The benchmark price of an attached unit is $803,700. This represents a 17.5 per cent increase from January 2017 and unchanged compared to December 2017.

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The Residences on Marine – Plans, Prices, Availability

At a Glance

• located on Marine Drive near Ambleside Park
• 3-storey concrete mixed use
• 16 condominiums
• 2- & 3-bedroom concrete homes
• 5,165 sq ft of commercial space
• roof-top terraces
• 38 underground parking spaces

Pinnacle of West Coast Living
The Residences on Marine is a boutique 3-storey development located at the pinnacle of West Coast living. Combining single-level living with modern, open floor plans, these 16 spacious homes will combine attention to detail with high-quality craftsmanship.

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Pricing for The Residences on Marine
Priced from $1.9M – $2.75M.

Floor Plans for The Residences on Marine
Choose from 16 one-level residences, offering a variety of 2- and 3-bedroom floorplans, ranging in size from 684 – 1,335 sq ft. Contact me today to discuss availability and plans according to your needs.

Amenities at The Residences on Marine
Each home offers open balconies, while the three second level units backing onto the laneway have terraces. All top floor condos have skylights with provision for solar panel installation. An internal breezeway with planters separates the north and south residences, giving greater access to natural light.

Parking and Storage
Parking, bicycle storage, and additional goods storage will be contained in three levels of underground parking accessed from the lane. A total of 26 residential vehicle stalls will be provided, of which two are handicapped and two are for small cars. An additional 12 spaces are for commercial tenant parking, of which one is handicapped and three are for small cars. There is also a commercial loading bay. In addition, there will be two at-grade visitor bicycle racks accommodating four bicycles at the Marine Drive residential entrance.

Maintenance Fees at The Residences on Marine
TBA.

Developer Team for The Residences on Marine
Innovative design, bold vision and peerless craftsmanship have always been the hallmarks of Atti Group properties. Their extensive construction background has been a powerful springboard to becoming an industry leader in residential development. They imbue all of their projects with inviting layouts, superbly-chosen sites, and materials of the highest quality. Atti Group’s experienced team has been earning the trust of both clients and investors for three decades.

Karl W. Gustavson established his own architecture firm in 1985 to focus his experience on projects that required a sensitive approach to design, while recognizing the realities of the site, localized community context, and budgets. His architectural portfolio of projects includes work in residential care, heritage restoration, multiple residential, commercial, custom residential, and resort developments. Mr. Gustavson has traveled extensively throughout the world, bringing to his architectural projects a depth of experience that continues to add to the success of his designs.

Cristina Oberti, a respected interior designer whose name is well-known in Vancouver, will be applying her extensive knowledge and systematic design process to create a unified look and coherent design for The Residences on Marine that conveys a unique and coherent, yet stylish message.

Expected Completion for The Residences on Marine
TBA. Sales begin February 2018.

Are you interested in learning more about other homes in West or North Vancouver?

Check out these great North Shore Presales!

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Regan West by Marcon

Marcon is excited to announce Regan West, our next Coquitlam project, will be coming to market this Spring.Located steps from the Burquitlam Skytrain Station makes it an easy commute to downtown Vancouver, colleges and universities, entertainment, recreation and shopping throughout the lower mainland. This 6-storey contemporary building will feature 1, 2 and 3 bedroom homes with livable floor plans, a common rooftop patio, and timeless interior design. At Regan West, you are just a short stroll from parks, shopping, and new community amenities.

The post Regan West by Marcon appeared first on Vancouver New Condos.

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An App for Community Policing?

A Custom-Fit App for Community Policing

29 January 2018

[Ed. Note: The following article was sent to me by Prof. Gary Cordner and highlights the ever-growing rate of our technology and how it can be used to improve our security. Nevertheless, a struggle will continue to occur between safety and liberty. How much of our freedom and mobility will we be willing to give up for improve security? That is the question for those of us living in the first quarter of the 21st century. What do you think about the following article from the publication “Homeland Security Newswire”? Will it help or hinder 21st century policing? (And remember that Ford announced today that they were seeking a patent for an autonomous police vehicle that will be equipped to do traffic enforcement!}]

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“Apps allowing citizens to report crimes or incidents are now commonplace, but they generally fail to adapt local contexts, cultures and sensibilities. SecureU, a new app that addresses this shortcoming, is currently being tested in five European cities. 

“The emergence of the web 2.0 has provided us citizens with a highway to higher participation in the society we live in. We can easily voice our opinion on a large-scale, but also potentially gather enough support to shape societal change, all this in record time. This applies to politics, for instance, but also to law enforcement.

“Since 2010, smartphone apps enabling citizens to report crimes or incidents have been cropping up at an increased pace. In light of the predominantly Anglo-Saxon approach to these apps, however, the CITYCOP (Citizen Interaction Technologies Yield Community Policing) project set out to identify the reasons behind the lack of European alternatives before developing a solution of its own, reflecting the diversity of European cities and societies.

“Prof. Dr. Jeanne Pia Mifsud Bonnici, coordinator of CITYCOP for the University of Groningen, discusses the project’s outcomes with CORDIS, a few months away from its completion in May 2018.

“CORDIS: How do you explain that user-generated content is becoming so important in crime reporting?

“Jeanne Pia Mifsud Bonnici: There are several reasons for that. Firstly, it’s an innovative way to directly engage with police, and it gives community members a greater sense of contribution by providing them with more convenient options to report crimes, quality of life issues and suspicious activity. These have become essential components of the 21st century’s policing. Secondly, such methods of direct engagement and contribution help improve the efficiency of police operations, allowing more effort to be directed towards solving crimes and addressing community concerns.

“CORDIS: The project aimed to explain why the EU is lagging behind. What did you find out in this regard?

“Bonnici: The relationship between police and community members in the EU is unique. Our research showed that the definition of community policing varies greatly from country to country. Whereas some parts of Europe have decades of experience with community-oriented policing, for others, the concept is relatively new and just beginning to take shape in respect with cultural sensitivities and historical relationships with law enforcement. Because of this, there cannot be a ‘one size fits all’ approach to technological solutions that support these programs. Before innovation can take hold and bear measurable benefit, there needs to be a demonstrable commitment to engaging and building trust.”

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Interview With Tod Ewasko, Director Of Product Management, AccessData

Tod, you have recently moved into the role of Director of Product Management and Development at AccessData. Congratulations! Can you tell us a little more about your role and what your day to day job is like? Yes, thank you. I’m very excited the step into this role, and the opportunity it brings to interact more with our customers. AccessData has always been committed to helping to solve the issues and concerns of the market. We are continually striving to give clients a greater voice so that we can elevate our products and their success. As such, over the past few years, we have shifted to a pragmatic marketing approach to product management and development, which means we take a much deeper look into each feature request to fully understand the context of why you are asking for that feature or what is causing an issue. Read More

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