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Vancouver Real Estate - December 2015
In This Issue

YouTube Video:
Sotheby's International Realty Marketing Strategy
Explore the many ways we are making unique impressions worldwide. 

Coming To an RBC Near You!  (My Newsletter!):
"Vancouver West Detached Home Prices Up By 23.2% In One Year!"

Real Estate Board of Greater Vancouver - Dec 2015
Housing demand remains strong despite diminishing supply

Beautiful Christmas Displays
Some delightful store displays, Christmas trees, and city decorations & markets from around the world.

LAST BUT NOT LEAST:
Receiving Your Property Tax Notice

 
May your home be filled with  health, happiness
and peace this holiday season!

Sotheby’s International Realty Canada
Sotheby's - Marketing Your Property Worldwide
(YouTube  7:27 Minutes)

Our network of local real estate professionals apply their local market knowledge to create a comprehensive and customized plan for a home that takes into consideration all avenues of marketing: print, digital, public relations, advertising and social media. To guide them in this we have a team of brand marketing experts that stand ready to offer assistance and insight, and an array of tools and resources they can tap into.
Sotheby's International Realty Marketing Strategy
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Coming to a Royal Bank Near You!


Well to be honest, it's already there.  You can find my informative brochure produced in conjunction with RBC Mortgage Specialist Reiner Dy in many branches of RBC on the West Side of Vancouver.

Vancouver West Detached Home Prices Up By 23.2% In One Year!

"Home sales reached near record levels in November even as home listings began the traditional year-end decline. November is typically one of the quietest months of the year in our housing market, but not this year”, Darcy McLeod, REBGV president said on December 2nd, 2015.

CLICK HERE to view the full PDF version.
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News Release - Real Estate Board of Greater Vancouver
FOR IMMEDIATE RELEASE

Housing demand remains strong despite diminishing supply


VANCOUVER, B.C. – December 2, 2015 – Home sales reached near record levels in November even as home listings began the traditional year-end decline.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This represents a 40.1 per cent increase compared to the 2,516 sales recorded in November 2014, and a 3.3 per cent decrease compared to the 3,646 sales in October 2015.

Last month’s sales were 46.2 per cent above the 10-year sales average for the month and rank as the second highest November on record for residential property sales.

“November is typically one of the quietest months of the year in our housing market, but not this year,” Darcy McLeod, REBGV president said. “The ratio of sales to home’s available for sale reached 44 per cent in November, which is the highest it’s been in our market in nine years.” New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,392 in November. This represents a 12.5 per cent increase compared to the 3,016 new listings reported in November 2014.

The total number of properties listed for sale on the real estate board’s MLS® is 8,096, a 35 per cent decline compared to November 2014 and a 15.4 per cent decline compared to October 2015. “Demand remains strong and there are housing options at different price points throughout the region,” McLeod said. “It’s important to work with your REALTOR® to understand your options before you embark on your home buying journey.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $752,500. This represents a 17.8 per cent increase compared to November 2014.

The sales-to-active-listings ratio in November was 43.5 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio declines below the 12 per cent mark, while home prices often experience upward pressure when it reaches 20 per cent, or higher, in a particular community for a sustained period of time.

Sales of detached properties in November 2015 reached 1,335, an increase of 31.9 per cent from the 1,012 detached sales recorded in November 2014, and a 44.2 per cent increase from the 926 units sold in November 2013. The benchmark price for a detached property in Metro Vancouver increased 22.6 per cent from November 2014 to $1,226,300.

Sales of apartment properties reached 1,553 in November 2015, an increase of 47.6 per cent compared to the 1,052 sales in November 2014, and an increase of 60.3 per cent compared to the 969 sales in November 2013. The benchmark price of an apartment property increased 14 per cent from November 2014 to $435,000.

Attached property sales in November 2015 totaled 636, an increase of 40.7 per cent compared to the 452 sales in November 2014, and a 49.3 per cent increase from the 426 attached properties sold in November 2013. The benchmark price of an attached unit increased 11.3 per cent between November 2014 and 2015 to $536,600.


*Editor’s Note: Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.

CLICK HERE to download the complete stats package.

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Beautiful Holiday Displays From Around The World


Some stunning, magnificent holiday trees, decorations and Christmas markets can be found around the world at Christmas time.

Animated window displays on the Champs-Élysées in Paris:




A wine & cheese store front in Strasbourg:



Whistler Blackcomb Mountains, Canada:








And of course, my personal favourite:  The Strasbourg Christmas Market.  :)



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LAST BUT NOT LEAST:
Receiving Your Property Tax Notice


Advance property tax notices are mailed in the last week of November each year.
Main property tax notices are mailed at the end of May each year. You do not need to have your property tax notices in order to pay your property tax. You are responsible for paying your taxes whether or not you have received your notice.

All the information you need in relation to your assessment:
http://www.bcassessment.ca/Services-products/Understanding-the-assessment-process


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