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Vancouver Real Estate
Anne's Real Estate Update - March 2018 

In This Issue:

Anne Mainwaring has earned the
Certified Luxury Home Marketing Specialist® designation from
The Institute for Luxury Home Marketing®

 

Some Recent Articles
Wealthy Chinese flee China, taking their fortunes with them (2015)
The Latest BC Budget Laws
The Visual Capitalist: The 25 Countries with the Most Billionaires

B.C. property owners fight 'speculation' tax with petition


New Listings
501 1488 Hornby Street, Vancouver
3706 West 29th Avenue, Vancouver
515 Foster Avenue Lougheed Heights


Recent Sales

85 West 15th Avenue, Vancouver
PH 503 2102 West 48th Avenue

CLICK HERE to view the properties

Testimonials
Testimonial Letters from Home Buyers & Home Sellers


LIVE Inspired: Sotheby's International Realty Canada
Luxury is an experience, not a price.


My Commitment To You
How I will facilitate your property sales & acquisitions. It can be a great experience!


SnapStats - Vancouver West & Vancouver East February 2018
The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West


Real Estate Board of Greater Vancouver - February 2018
Homebuyers Were Less Active in Febuary 


Previous Issues
CLICK HERE to view previous issues of Anne's Real Estate Update



NOTE: Some links within this document are not supported by Apple IOS and Android operating systems. Please scroll down manually.



Not All Agents Are Equal


The Institute for Luxury Home Marketing® is pleased to announce that Anne Mainwaring has earned the Certified Luxury Home Marketing Specialist® designation after completing extensive training, and having accomplished a proven performance in the upper tier market, she has also received the MILLION DOLLAR GUILD® award from The Institute.

        

As a Certified Luxury Home Marketing Specialist®, Anne utilities her membership in an international network of real estate professionals and superb diligence to get you the results you want. With this added distinction, you can turn to Anne with even more confidence for guidance, advice and quality of service you expect in the upper-tier market.

Whether you are a first time home buyer, experienced investor, deciding to "right size" or relocate to the Metro Vancouver area, count on Anne's expertise in the residential home, condo, town home, ½ duplex or presale markets.
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Government of BC
The BC Government New Tax Laws: Additional Property Transfer Tax for Foreign Entities & Taxable Trustees

In addition to the property transfer tax, if you are a foreign nationalforeign corporation or taxable trustee, you must pay the additional property transfer tax on your proportionate share of a residential property transfer if the property is within specified areas of B.C. 

Your proportionate share is the percentage of interest that you are registering on title with the Land Title Office. For example, if you are a foreign entity (foreign national or foreign corporation) acquiring a 70% interest in a property, you pay the additional property transfer tax on 70% acquired interest...


CLICK HERE to view the full article

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Wealthy Chinese flee China, taking their fortunes with them
NBC News - Nov. 02, 2015

Do the wealthy Chinese know something we don't?

A new report shows that 64 percent of Chinese millionaires have either emigrated or plan to emigrate—taking their spending and fortunes with them. The United States is their favorite destination.

The report from Hurun, a wealth research firm that focuses on China, said that one-third of China's super rich—or those worth $16 million or more—have already emigrated.

The data offer the latest snapshot of China's worrying wealth flight, with massive numbers of rich Chinese taking their families and fortunes overseas. Previous studies show the main reasons rich Chinese are leaving is to pursue better educations for their kids, and to escape the pollution and overcrowding in urban China.

But analysts say there is another reason the Chinese rich are fleeing: ....


CLICK HERE to view the complete article.
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Visual Capitalist
Visualizing the Global Millionaire Population

 

When we think of the term “millionaire”, it’s only natural for our thoughts to be skewed towards the famous business magnates that have amassed giant fortunes, like Jeff BezosElon Musk, or Warren Buffett.

However, the reality is that those types of ultra high net worth individuals (UHNWIs) with fortunes above $30 million are a fairly rare commodity – and when it’s all said and done, they make up a very tiny percentage of the millionaire population as a whole...

CLICK HERE to view the full article

Vancouver Courier
B.C. Property Owners Fight 'Speculation Tax' With Petition

Home owners and investors from within and outside of B.C. are rapidly signing up to a petition that is aims to fight the provincial government’s recently announced speculation tax.

The new tax, which the finance minister Carole James said is intended to prevent speculation on real estate, also applies to anyone who owns a second home in the province and doesn’t rent it out long-term, including vacation properties...

CLICK HERE to view the full article


Active Listings
FOR SALE: Bright Corner Condo in Yaletown
Listing Price: $1,635,000
501 1488 Hornby Street,
Vancouver, BC
FOR SALE:  Dunbar Detached House
Listing Price: $2,530,000
3706 W 29th Avenue
Vancouver, BC
FOR SALE:  Lougheed Heights by Bosa
Listing Price: $449,000
510  515 Foster Avenue
Coquitlam, BC

Recent Sales
RECENTLY SOLD: Mount Pleasant Living at its Finest
Listing Price: $1,198,000
85 W 15th Avenue,
Vancouver, BC
RECENTLY SOLD: Penthouse with Private Rooftop Terrace 
Listing Price: $2,688,000
PH 503 2102 West 48th Avenue,
Vancouver, BC
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Testimonials

WHEN YOU'RE SELLING A PROPERTY
 

Buying or selling a house is (obviously) a major financial and personnel decision for most people.  My wife and I have been through the process five times in the past 10 years with four different real estate agents in two major Canadian cities.  We had such a fantastic experience with Anne that I recommended her to a friend when he was considering selling his house.  We greatly appreciated the quality of her real estate services.  This is why I recommend Anne.

Anne has an understanding of the Vancouver, Canadian and International housing market.  She appreciates that a house is an investment, as well as a home.  She understands the big picture and pays attention to the smallest of details.

When my wife and I interviewed her to determine if we wanted her to sell our house for us, she took us through the process she would use.  Based on the interview we decided to hire her.  She made a number of promises during the interview and she kept all of them as our agent.

She informed us what she would do and what we would have to do.  She worked hard and thoughtfully for us and so did the people with who she works (e.g. photographer).  The process was educational and fun too.  Our house was priced competitively, and fairly, and sold for above asking. 

We trusted Anne so much that we recommended her a friend who was thinking of selling his house.  He picked her as his agent too and had a great experience.  Anne also identified and interviewed a Sotheby’s agent for us to consider in the city to which we were moving.  We decided to select the agent she identified and had a very good experience with her too.

I recommend Anne without reservation.

- Giselle and Aaron 

Testimonial

WHEN YOU'RE SELLING A PROPERTY

In Real Estate, there are professionals and then there are leaders. Anne is unquestionably the latter. My experience with her as my agent was so good that it was completely unexpected, I was not aware selling a house could be such a great experience until now. She took care of every possible little detail I could think of and then on top of that got me over-asking on my property, which was competing with several others in the neighborhood. She is a wonderful person and a shrewd negotiator with an uncanny talent for knowing what buyers are looking for. There is no doubt in my mind that she among the best of the best. Give her a call and she will surprise you too!

- Joel G


The location, the style, the feeling you get when you walk through the door – every aspect of your home should be a reflection of who you are, where you’ve been, and the life you aspire to live. Your best life begins with a home that inspires you. 


Sotheby's: Luxury is an Experience, Not a Price


We, at Sotheby's, are very proud to have represented the purchase and sale of some of the most luxurious homes in Canada.  As a brand, we have represented some of the most luxurious homes in the world.  With that success comes a challenge and the challenge is that some people feel that we only represent homes at the highest end of the value range.  While we are particularly well known for the luxury homes we represent and we also proudly represent homes at a wide range of values.  

For us, luxury is an experience and not a price. Let me give you an example.

When you go to a store like Tiffany's & Co, you receive the exact same customer experience regardless of whether the item you are purchasing is worth a few hundred dollars or tens of thousands of dollars. Each purchase is placed in one of their iconic robin's egg blue box, wrapped with ribbon and placed in one of their signature bag.  It is a memorable experience.  It is an experience that makes you feel good about the purchase. 

For most people, their home is their most prized possession.  It is where a couple may have come together for the first time, its where children were born and raised its where the entire family has worked diligently to convert a house into a home.

We believe every home has a story and that our job is to artfully tell that story using the tools that we have developed working with some of the incredibly iconic properties and some of the most discerning clients.

We believe, that everyone deserves a luxurious experience when they buy or sell a home.  Let us show you how our people can that same creativity and passion to a home just like yours.  After all, we think that you and your home deserve the best. 
Get Results With Anne On Your Side

My Commitment To You


In addition to the standard service offered by Realtors®, I will write  a LIFESTYLE STORY, BRAND your house and SHOWCASE it. This includes:
  1. FREE  staging services: I will create an ideal environment for future buyers to imagine themselves in this new space and make it very inviting and welcoming.
  2. HIGH-DEFINITION PICTURES: The use of a professional photographer and 20 High-definition pictures to showcase your home.
  3. The creation of a HIGH-END VIDEO of your property, including drone imaging.  Having  Sight , Sound and Motion will allow to transport the consumers into your home.  This will highlight  the lifestyle associated to living in your neighbourhood area and features its benefits. A video tells best the story of your home. 
  4. Thick glossy brochures with high-definition pictures, floor plan and description of your property

For a successful sale, I will leverage my Experience and Expertise in a very competitive market by:
  1. Helping you reach the Local, Asian, American and European markets with language proficiency in English, Mandarin and French.     .
  2. Advertising  in the major local newspapers and send out newsletters and flyers to  promote your property. Putting a sign on your lawn is just the beginning: I spend lots of my costs to “PUSH” your property to get it sold in the fastest time frame. This includes comprehensive social media integration and direct email to the top 1,000 most active local realtors.
  3. Offering “boutique” service, and am committed to personally (no realtor's assistant) showing your house at the Open Houses and each appointment request. 
  4. Negotiating on your behalf to ensure that you receive the highest possible sale price for your home. 
  5. Warranting you to receive full transparency and open communication through the entire process.
  6. Providing a Personal & Courteous service. 

Other ancillary services that I can assist you with include:  
  1. Arranging for owners rent back
  2. Having access to architects/designers/ builders/ trade people (painting, flooring, plumbing and electrical). 
  3. Leveraging my expanded referral network and partners:
    - CPA: Tax strategies and investment planning
    - LAWYERS: Advice and guidance for your investments
    - FINANCING: Creative loan solutions for local and international buyers
Why use Sotheby’s International Realty Canada? 

Sotheby’s offers UNPARALLELED MARKETING REACH AND ADVANTAGES.

Sotheby’s International Realty Canada is currently the most trusted name in real estate bringing instant credibility and recognition with Buyers and Sellers, reaching the most influential group of people in the world. 

Sotheby’s International Realty extends an extraordinary name in real estate and in the luxury world. 
Luxury is in Sotheby’s DNA:  has sold most cherished valuable in the world and is truly a unique global luxury brand.

GLOBAL EXPOSURE on many platforms: sothebysrealty.com and the cascading websites. 
  • In 2017: Sothebyrealty.com reached One Billion views
  • Already in 2016, Sotheby’s engaged 1/7th of the world!
  • Juwai.com. -  All our properties are featured on Juwai (the #1 real estate site in China for a total of 21,414 impressions in 2016 on our company page).
  • Sotheby's offers a powerful network of 20,000 agents and 869 offices in 67 countries worldwide giving access to affluent community of buyers.
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SnapStats

The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West

CLICK HERE to view the complete February 2018 report.
 
SnapStats brings simplicity and clarity to complex real estate data and statistics. You’ll know which neighbourhoods are hot, what home types and size are in demand, detailed inventory info, asking and sale prices, average time spent on market, and many more useful details and figures—all broken down in a clear, single page customized with your name and contact information.

SnapStats’ charts, tables and graphs are simple to understand. In minutes, you’ll see market trends, sales to active listing ratio, month-to-month comparisons, and much more. They’re broken down using all sorts of relevant factors—including price range, neighbourhood, bedroom number, and much more. This gives you the amazing ability to pinpoint trends and statistics customized to your personal needs.
 
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Home Buyers Were Less Active in February

VANCOUVER, BC – March 2, 2018

Metro Vancouver* home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold.

Last month’s sales were 14.4 per cent below the 10-year February sales average. By property type, detached sales were down 39.4 per cent over the same period, attached sales were down 6.8 per cent, and apartment sales were 5.5 per cent above the 10-year February average.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.”

There were 4,223 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2018. This represents a 15.2 per cent increase compared to the 3,666 homes listed in February 2017 and an 11.2 per cent increase compared to January 2018 when 3,796 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,822, a three per cent increase compared to February 2017 (7,594) and a 12.6 per cent increase compared to January 2018 (6,947).

“The spring is traditionally the busiest time for home buyers and sellers in our market. We’ll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year,” Oudil said. “To help you navigate these changes in today’s housing market, it’s important to work with your local REALTOR®.”

For all property types, the sales-to-active listings ratio for February 2018 is 28.2 per cent. By property type, the ratio is 13 per cent for detached homes, 37.6 per cent for townhomes, and 59.7 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 properties in Metro Vancouver is currently $1,071,800. This represents a 16.9 per cent increase over February 2017 and a 1.4 per cent increase compared to January 2018.

Sales of detached properties in February 2018 reached 621, a 16.6 per cent decrease from the 745 detached sales recorded in February 2017. The benchmark price for detached properties is $1,602,000. This represents an 8.2 per cent increase from February 2017 and is virtually unchanged from January 2018.

Sales of apartment properties reached 1,185 in February 2018, a 7.1 per cent decrease compared to the 1,275 sales in February 2017. The benchmark price of an apartment property is $682,800. This represents a 27.2 per cent increase from February 2017 and a 2.6 per cent increase compared to January 2018.

Click here to download the full package.

 

*Editor’s Note: Areas covered by the 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.
Newsletter Archives
Here are some past issues of Anne's Real Estate Update:


Anne's Real Estate Update - January 2018
Anne's Real Estate Update - Happy New Year 2018!
Anne's Real Estate Update - November 2017
Anne's Real Estate Update - October 2017
Anne's Real Estate Update - September 2017
Anne's Real Estate Update - August 2017
Anne's Real Estate Update - July 2017
Anne's Real Estate Update - June 2017
Anne's Real Estate Update - May 2017
Anne's Real Estate Update - April 2017
Anne's Real Estate Update - March 2017
Anne's Real Estate Update - February 2017
Anne's Real Estate Update - January 2017
Anne's Real Estate Update - November 2016
Anne's Real Estate Update - October 2016
Anne's Real Estate Update - August 2016
Anne's Real Estate Update - July 2016
Anne's Real Estate Update - June 2016
Anne's Real Estate Update - April 2016
Anne's Real Estate Update - February 2016
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Anne Mainwaring REALTOR · 5660 Yew Street · Vancouver, BC V6M 3Y3 · Canada

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