Sustainable Realty

Sustainable Realty Real-Estate Agents specialized in sustainable housing and sustainable development through Harcourts.

At peace 🌞
04/30/2023

At peace 🌞

Beautiful Deep Cove ❤️
04/03/2023

Beautiful Deep Cove ❤️

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing ...
03/06/2023

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent increase from the 1,022 homes sold in January 2023.

Last month’s sales were 33 per cent below the 10-year February sales average.

“It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year,” said Andrew Lis, REBGV’s director, economics and data analytics. “On the plus side for prospective buyers, the below-average sales activity is allowing inventory to accumulate, which is keeping market conditions from straying too deeply into sellers’ market territory, particularly in the more affordably priced segments.”

There were 3,467 detached, attached and apartment properties newly listed for sale on the Multiple Listing ServiceÂŽ (MLSÂŽ) in Metro Vancouver in February 2023. This represents a 36.6 per cent decrease compared to the 5,471 homes listed in February 2022 and a 5.2 per cent increase compared to January 2023 when 3,297 homes were listed.

Having an amazing time taking in the sun in Sri Lanka. Back to Vancouver next week! ☀️
02/19/2023

Having an amazing time taking in the sun in Sri Lanka. Back to Vancouver next week! ☀️

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.The R...
02/03/2023

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease from the 1,295 homes sold in December 2022.

Last month’s sales were 42.9 per cent below the 10-year January sales average.

“Due to seasonality, market activity is quieter in January. With mortgage rates having risen so rapidly over the last year, we anticipated sales this month would be among the lowest in recent history,” said Andrew Lis, REBGV’s director, economics and data analytics. “Looking forward, however, the Bank of Canada has said that it will pause further rate increases as long as the incoming economic data continues to support this policy stance. This should provide more certainty for home buyers and sellers in the market.”


We hope everyone is having a Merry Christmas and a wonderful holiday season!
12/26/2022

We hope everyone is having a Merry Christmas and a wonderful holiday season!

We hope everyone is safe and warm at home for the holidays! ❤️
12/24/2022

We hope everyone is safe and warm at home for the holidays! ❤️

We hope everyone is enjoying the our beautiful snowy weather while staying safe 🙂
12/21/2022

We hope everyone is enjoying the our beautiful snowy weather while staying safe 🙂

Thank you to  for the beautiful gift basket. Our clients loved it!
12/17/2022

Thank you to for the beautiful gift basket. Our clients loved it!

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagge...
12/06/2022

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52.9 per cent decrease from the 3,428 sales recorded in November 2021, and a 15.2 per cent decrease from the 1,903 homes sold in October 2022.

Last month’s sales were 36.9 per cent below the 10-year November sales average.

“With the most recent core inflation metrics showing a stubborn reluctance to respond significantly to the furious pace of rate increases, the Bank of Canada may choose to act more forcefully to bring inflation back toward target levels.” Andrew Lis, REBGV’s director, economics and data analytics said. “While it’s always difficult to predict what the bank will do with certainty, this persistent inflationary backdrop sets up the December 6 rate announcement to be yet another increase, making holiday-season home sales something many people may end up foregoing this year.”

If you're in the market to buy a home, however, there is definitely some value to be had. If you have any questions about this market update, please feel to contact us at:

t: 604.809.1902
e: [email protected]

Have you heard? On November 24, 2022, the BC Government passed amendments to the Strata Property Act which take immediat...
12/01/2022

Have you heard? On November 24, 2022, the BC Government passed amendments to the Strata Property Act which take immediate effect. Here are a couple of important points:

🔹️All rental restriction bylaws are removed, except for bylaws restricting short-term rentals such as Airbnb or Vrbo.

🔹️All age restriction bylaws are removed, with the exception of “seniors only” (55-plus) rules. This means that a strata will no longer be allowed to have 19-plus age restrictions.

For example if your strata apartment building only allowed for a certain percentage of units to be used for long-term rentals, this no longer applies.

If you have more questions please feel free to contact us at:

t: 604.809.1902
e: [email protected]

Address

421 Pacific Street
Vancouver, BC
V6Z2P6

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Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm
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