Anne's Real Estate Update - December 2020
Sotheby's International Realty Canada

CLICK HERE to view the properties.

Anne Mainwaring has achieved
MLS MEDALLION CLUB Status 2018 & 2019

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

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 - Metro Vancouver & Greater Vancouver November 2020
The Two New SnapStats Packages

Real Estate Board of Greater Vancouver - November 2020
Metro Vancouver home sales and listings surge in September


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

PRE-SALES   Contact me if you're interested in the pre-sale market.

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CIC News
Canada to target over 400,000 immigrants per year

Today, Canada announced its 2021-2023 Immigration Levels Plan. Canada will target the highest level of immigration in its history.

Over the coming three years, Canada will aim to welcome the following level of new permanent residents:

• 2021: 401,000 immigrants
• 2022: 411,000 immigrants
• 2023: 421,000 immigrants

The only time Canada welcomed over 400,000 immigrants in a year was in 1913, when it admitted 401,000 newcomers. It has never come close to this figure again.

The 2021-2023 Immigration Levels Plan aims to welcome about 60 per cent of all immigrants under economic class programs, including through Express Entry and the Provincial Nominee Program.

[Continued...]

CLICK HERE to read the full article & video.

Better Dwelling
Greater Vancouver Detached Home Prices Jump, While Condos Stall

Greater Vancouver’s real estate market is on fire… or ice cold, depending on what you’re selling. Real Estate Board of Greater Vancouver (REBGV) data shows composite prices pushed higher in October. Further inspection shows two very different markets. Detached homes are scarce for the level of activity, while condo sellers are flooding the market.

Greater Vancouver real estate prices are rising as a whole, but a breakdown by segment shows it’s a detached story. The price of a typical home as a composite reached $1,045,100 in September, up 6.0% from last year. Breaking it down, detached apartments reached $1,523,800, up 8.5% from last year. Condo apartments hit $683,500, up 4.4% from last year. Detached home prices are up significantly from the month before, but condo apartments are flat. 

[Continued...]

CLICK HERE to read the full article.

Land Owner Transparency 
Land Transparency.  Protected.

The first-of-its kind in Canada, the Land Owner Transparency Registry (LOTR) is a registry of information about individuals who are deemed to have an indirect interest in land [As defined in LOTA, this term refers to an estate in fee simple; a life estate in land; a right to occupy land under a lease that has a term of more than 10 years, or a right under an agreement for sale to occupy land, or require the transfer of an estate in fee simple.] (e.g. through corporations, trusts and partnerships) which is housed in a searchable, public database.

Beginning November 30, 2020, the Land Owner Transparency Act (LOTA) requires that when an application is made to register an interest in land as defined in LOTA, a transparency declaration [A declaration that is filed by each transferee together with an application to register an interest in land, stating whether the transferee is a reporting body and, if the transferee is a reporting body, whether the reporting body is a relevant corporation, a trustee or a relevant trust, or a partner of a relevant partnership.] must be filed to the LOTA Administrator by the transferee(s) [An individual to whom an interest in land is transferred.]. 

A transferee that is a reporting body [A relevant corporation, a trustee of a relevant trust or a partner of a relevant partnership that is required to file a transparency report under LOTA.] must also complete and file a transparency report [A report that is filed with a transparency declaration on an application to register an interest in land, if the transferee is a reporting body.] setting out information about the reporting body and its interest holders [A beneficial owner of a relevant trust, a corporate interest holder of a relevant corporation, or a partnership interest holder of a relevant partnership.]. 

Existing reporting bodies with an interest in land will need to file a transparency report by November 30, 2021. The administrator will maintain all filed transparency declarations and transparency reports in LOTR in accordance with rules established in LOTA.

The Land Title and Survey Authority of British Columbia (LTSA) is responsible for developing and operating LOTR, as set out in the Land Owner Transparency Act (LOTA).

[Continued...]

CLICK HERE to read the complete article.

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

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. 

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
   

• In Q1 2020: Sothebyrealty.com reached 12,555,004 Avg Monthly Page Views. 
• 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).
• in 2020, Sotheby’s International Realty® announced its exclusive sponsorship of a new, multi-lingual real estate portal on Expansión, a leading Mexican business publication, and the first luxury real estate brand to showcase its listings to prospective homebuyers through this kind of affiliation to more than 15 million readers
• Sotheby's offers a powerful network of 22,500 agents and over 1,000 offices in 71 countries worldwide giving access to affluent community of buyers.

Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. 
 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sales recorded in November 2019, and a 16.9 per cent decrease from the 3,687 homes sold in October 2020. 
 

Last month’s sales were 24.6 per cent above the 10-year November sales average and was the second highest total in this period. 
 

“Home buyer demand has been at near record levels in our region since the summer,” Colette Gerber, REBGV Chair said. “This is putting upward pressure on home prices, particularly in our detached and townhome markets." 
 

There were 4,068 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2020. This represents a 36.2 per cent increase compared to the 2,987 homes listed in November 2019 and a 27 per cent decrease compared to October 2020 when 5,571 homes were listed. 
 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,118, a 3.2 per cent increase compared to November 2019 (10,770) and a 10.5 per cent decrease compared to October 2020 (12,416). 
 

"The supply of homes for sale are a critical factor in understanding home price trends," Gerber said. "The total number of homes for sale in Metro Vancouver is lagging behind the pace of demand right now. This trend favours home sellers in today's market." 
 

For all property types, the sales-to-active listings ratio for November 2020 is 27.6 per cent. By property type, the ratio is 27.9 per cent for detached homes, 40.1 per cent for townhomes, and 23.9 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. 
 

Within the region, the Sunshine Coast saw the largest increase in year-over-year demand with 106 home sales in November 2020, an 82.8 per cent increase over November 2019 (58). 
 

“While demand remained elevated across the region, home buyer activity was particularly focused in more remote areas like the Sunshine Coast, Gulf Islands and Squamish,” Gerber said. “The rise of work-from-home arrangements and physical distancing policies is causing some home buyers to opt for less densified areas.” 
 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,044,000. This represents a 5.8 per cent increase over November 2019 and a 0.1 per cent decrease compared to October 2020. 
 

Sales of detached homes in November 2020 reached 1,061, a 28.6 per cent increase from the 825 detached sales recorded in November 2019. The benchmark price for a detached home is $1,538,900. This represents a 9.4 per cent increase from November 2019 and a one per cent increase compared to October 2020. 
 

Sales of apartment homes reached 1,371 in November 2020, a 12.2 per cent increase compared to the 1,222 sales in November 2019. The benchmark price of an apartment home is $676,500. This represents a 3.4 per cent increase from November 2019 and a one per cent decrease compared to October 2020. 
 

Attached home sales in November 2020 totalled 632, a 40.1 per cent increase compared to the 451 sales in November 2019. The benchmark price of an attached home is $814,800. This represents a 5.6 per cent increase from November 2019 and a 0.2 per cent increase compared to October 2020.