Shannon Realty

Living and Selling Greater Vancouver

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Important Changes to Real Estate Rules

July 20, 2018 by Editor

In mid-June a new set of rules was introduced by the Real Estate Council to govern the relationships between REALTORS® and their clients (both buyers and sellers).

The new rules are designed to improve communication and transparency, and to ensure clients are properly represented in all situations. Please feel free to call me for clarification on the new rules – I’d be happy to explain the changes and their effects.

Property Values as of June

Value and affordability are very important aspects of real estate. This chart shows some relative price comparisons across the region.

  Detached  Townhouse   Apartments
North Vancouver $1,683,600 $1,049,900 $602,800
Richmond $1,648,600 $854,800 $683,800
Vancouver East $1,541,400 $923,400 $573,800
Vancouver West $3,392,500 $1,303,600 $842,600
Greater Vancouver $1,598,200 $859,800 $704,200
South Surrey – White Rock $1,464,000 $680,800 $516,000
North Delta $957,800 $627,700 $433,200
Fraser Valley $1,018,900 $558,000 $435,500

Sources: Fraser Valley Real Estate Board and Real Estate Board of Greater Vancouver.

All amounts are “Benchmark Prices” of a “typical property” in each area as of June 30th, 2018.

We are in a changing real estate market, but – as always – good homes offering good value are selling.

Every home and every neighbourhood offers unique opportunities and unique challenges to reach a successful sale – so you need a REALTOR with proven experience and a proven track record to help you with your real estate needs. When it’s time for a move – call me!

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Filed Under: Real Estate Perspective

The News – and the Reality: Trends Affecting Real Estate

November 21, 2018

One of the most popular activities in the daily news cycle seems to be forecasting the future of real estate. And it’s not uncommon to see wildly opposing views on where the market is headed, and when it might get there. This month’s post explores the news — and the reality.

Read More

The Changing Market – What Does That Really Mean?

October 22, 2018

After several years where home sellers had a market advantage, now buyers have more selection, more time to make good decisions, and their dollar buys more house than it used to.

Read More

Great Opportunities for Trading Up or Down…If You Qualify

October 9, 2018

Talk to a mortgage broker if you plan to move. There is still a strong demand for housing especially in retirement and recreational properties.

Read More

Monthly Articles

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Shannon Realty

Suite 207 5740 Cambie St.,
Vancouver, BC. V5Z 3A6
1-604-649-6058

Email: jeff@shannonrealty.ca

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