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!