Tatiana Kilibarda Real Estate

05/06/2023

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05/06/2023

03/11/2023

The housing market in Greater Vancouver has experienced a rollercoaster ride over the last few years, with the pandemic and low mortgage rates driving a buying frenzy in 2021, followed by interest rate hikes and a cooling-off period in 2022. Now, in February 2023, the market appears to have stabilized and we're seeing the first month-to-month home price increase in nine months.

However, despite buyer demand, low supply is causing a scarcity of listings in the market. The number of new listings in February was the lowest for that month going back to pre-1991. Buyers are competing with each other for far fewer listings, and the number of active listings is only up slightly from the end of last year.

The government is making it difficult for new home construction to take place. The federal government has banned foreign buyers, while the B.C. government is spending $500 million to stop or stall private redevelopment of older rental buildings into higher-density housing projects. Metro municipalities are also raising development cost charges, which is adding to the problem of low supply.

For residential investors, the consistent housing shortage is a blessing, but for home buyers, it's creating a seller's market that shows no signs of slowing down. We need more supply to keep up with demand, but restrictive zoning and slow-moving development approvals are preventing that from happening.

It's time for governments at all levels to address the supply of "missing middle" housing for families and take action to encourage more housing starts. Otherwise, the housing shortage in Greater Vancouver will continue to fuel a seller's market, regardless of demand.

Link in bio for the full report. ⁠
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05/21/2021

JUST LISTED

Type: Residential Detached
Price: $3,688,000
Location: 232 East 39th Avenue, Vancouver

Don't miss out on this outstanding 2 yr old custom home w/ 2 bdrm suite and a LWH in the trendy Main St. area close to transit, restaurants, Hillcrest, QE Park, Oakridge,& much more! Built to exceptional standards with special attention to detail. Interior featuring quality millwork and cabinetry, wood floor through-out, radiant heat, electric blinds, elevator, A/C and security alarm w/cameras. Main floor 10ft ceilings and open concept living, Chef's kitchen w/elegant cabinets, quartz through-out and high end appl's. Upstairs vaulted ceilings, 3 bdrms, 2 bath, W/D and plenty of closet space. Bsmnt w/rec rm, full bathroom and a 2 bdrm suite. Can take back rec rm to allow for 1 bdrm suite and an extra bedroom for the main house. A 2 bdrm and bath LWH in the back. Showing by appointment only.

Virtual Tour: https://www.roomvu.com/share/9c1e755c

To access the listing, please click on the following link: https://spaceurban.ca/mylistings.html/listing.r2583568-232-e-39th-avenue-vancouver-v5w-1k2.94893015

For more information or to schedule a viewing, please contact the listing agent:

TATIANA KILIBARDA
1 (604) 7101945
[email protected]

Main House for sale: Don't miss out on this outstanding 2 yr old custom home w/ 2 bdrm suite and a LWH in the trendy Main St. area close to transit, restaurants, Hillcrest, QE Park, Oakridge,& much more! Built to exceptional standards with special...

04/21/2021

Is it any surprise that March home sales outperformed last year's performance again? Perhaps not, but what is impressive is the growth. March 2021 sales increased 126% from March 2020!

Our agents agree this pace can't hold forever and already we're detecting some buyer fatigue as we move further into Spring. However, international buyers and immigration have the potential to rebound. We explored this a little more in our report, visit our website for more information: http://ow.ly/yaxF50Ekdky

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03/07/2021