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GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt

Vancouver Real Estate Stats

VANCOUVER REAL ESTATE STATS – MARCH 2019

Vancouver, BC is one of the most beautiful places to live in Canada, but it comes at a high price. The average price for Vancouver Real Estate in 2019 is $1,019,600, which is 4.5% lower compared to 2018.

It is expensive to own a home in Vancouver, but it is also expensive to rent. The average 1 bedroom apartment price increased by 6.5% from 2018, which is the second highest rental price in Canada, right below Toronto.  Burnaby ‘s 1 bedroom rentals increased by 9.8%, which is the third highest in Canada.

Below is some more Vancouver real estate stats: 

Vancouver Real Estate Stats 2019

Shawn’s Deals of the Week (March 11 – 15)

Shawn’s Deals of the Week  (Mar 11 – 15)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – West End: 1215 Nanaimo Street

Price: $ 988,000
Lot Size: 33×122 (4,059 Sq. Ft.)
House size:  2,417 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1912
Zoning: RT-1A

 

 

 

 

 

Why I Chose it:

  • Great price
  • Great location
  • Located in a duplex dwelling district – potential for a duplex property
  • Living space includes a suite to help with the mortgage

North Burnaby – Capitol Hill: 4657 Georgia Street

Price: $ 1,244,000
Lot Size: 33 x 122 (4,026 Sq. Ft.)
House size:  1,777 Sq Ft.
Bedrooms: 3
Bathrooms: 2
Year Built: 1952
Zoning: RS5

 

 

 

 

Why I Chose it:

  • Location: Steps to Brentwood, easy access to Downtown Vancouver and Highway 1
  • Has a basement suite
  • Great neighbourhood
  • Quiet street
  • Shopping and schools nearby
  • Hold for now, build later.

Vancouver East – Fraser: 765 E 24th Avenue 


Price:
$ 1,500,000
Lot:
33 x 122 (4,026 Sq. Ft.)
House size:  2,054 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1927
Zoning: RS-1

 

 

 

Why I Chose it:

  • Location – Close to all amenities
  • Area has been zoned for duplexes
  • Currently has a suite (mortgage helper)

Vancouver East – South Vancouver: 596 E 51st Avenue 


Price:
$ 1,498,000
Lot: 36.26 x 122.26 (4,433 Sq Ft.)
House size:  2,656 Sq Ft.
Bedrooms: 5
Bathroom: 3
Year Built: 1975
Zoning: RS-1

 

 

 

Why I Chose it:

  • Location: Close to John Henderson Elementary School, parks and shopping.
  • Fair price point
  • Some renovations
  • Lot size is above the standard Vancouver 4,026 Sq. Ft.

Vancouver West – Dunbar: 4277 Kevin Place  


Price:
$ 3,488,000
Lost Size: 46/85 x 121/135 Irregular (8,133 Sq. Ft.)
House size:  2,216 Sq Ft.
Bedrooms: 4
Bathroom: 2.5
Year Built: 1971
Zoning: RS5

 

 

 

Why I Chose it:

  • Location, location, location – tucked away behind Pacific Spirit Regional Park and the St. George’s Senior School. This is also steps to UBC, Spanish Banks, the airport and Downtown Vancouver
  • Great for holding and renting or build your dream home in one of the best neighbourhoods in North America
  • Current condition of the home is excellent.
  • One of the best price points for this size of lot in Vancouver West – Dunbar

Please contact us directly for your investment needs. We tailor our services to best suit your needs.

Shawn’s Deals of the Week (February 11 – 15)

Shawn’s Deals of the Week  (Feb 11 – 15)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

Vancouver East – Fraserview East: 1891 E 56th Avenue

Price: $ 999,000
Lot Size: 6,108 (irregular)
House size:  1,739 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1950
Zoning: RS-1

 

 

 

 

 

Why I Chose it:

  • Great price
  • Great lot size
  • Fair location: close to all amenities, set back from Argyle by a boulevard
  • Living space includes a suite to help with the mortgage

Vancouver East – Killarney: 6549 Lancaster Street

Price: $ 1,280,000
Lot Size: 30.02 x 143.08 (4,295.26 Sq. Ft.)
House size:  1,892 Sq Ft.
Bedrooms: 4
Bathrooms: 2
Year Built: 1971
Zoning: RS-1

 

 

 

Why I Chose it:

  • Price has recently been reduced
  • Has a basement suite
  • Great neighbourhood
  • Quiet Street
  • Shopping nearby

Burnaby – East: 7844 15th Avenue 


Price:
$ 1,588,000
Lot:
50 x 120 (6,000 Sq. Ft.)
House size:  2,800 Sq Ft.
Bedrooms: 5
Bathroom: 5
Year Built: 2005
Zoning: R5

 

 

 

Why I Chose it:

  • Location – Close to elementary school, high way access and shopping
  • Turn key home
  • Has 2 suites (mortgage helper)

New Westminster – West End : 1215 Nanaimo Street

Shawns Deals of The Week
Price:
$ 988,00
Lot: 33 x 123 (4,059 Sq Ft.)
House size:  2,417 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1912
Zoning: RT-1A

 

 

 

Why I Chose it:

  • Zone RT-1A potential for a duplex
  • Good price point
  • Great renovations
  • Close to all amenities on 12th Street

New Westminster – Connaught Heights: 2211 Seventh Avenue  


Price:
$ 1,375,000
Lost Size: 49.90×120 (5,988 Sq. Ft.)
House size:  2,216 Sq Ft.
Bedrooms: 3
Bathroom: 1
Year Built: 1955
Zoning: NR-1

 

 

Why I Chose it:

  • Location, location, location – on the same block as 22nd Street Skytrain Station
  • Future potential
  • Home may need some work
  • Advice: This is a great property if you have the ability to invest at this price point.

Please contact us directly for your investment needs. We tailor our services to best suit your needs.

Shawn’s Deals of the Week (February 4 – 8)

Shawn’s Deals of the Week  (Feb 4 – 8)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – Uptown: #23 230 Tenth Street

Shawns Deals of The Week

Price: $ 699,999
Maintenance Fees: $466.32
House size:  1,455 Sq Ft.
Bedrooms: 2
Bathroom: 3
Year Built: 2000
Zoning: RES

 

 

 

 

Why I Chose it:

  • Great price
  • Good location: close to all amenities
  • Large living space

New Westminster – The Heights: 919 Chestnut Street

Shawns Deals of The Week

Price: $ 1,139,900
Lot Size: 50 x 120 (6,000 Sq. Ft.)
House size:  2,468 Sq Ft.
Bedrooms: 4
Bathrooms: 2
Year Built: 1949
Zoning: RS-1

 

 

 

Why I Chose it:

  • Great potential for a basement suite
  • Great neighbourhood
  • Quiet Street
  • Shopping nearby
  • Quick access to the highway

Burnaby – East: 7760 18th Avenue 

Shawns Deals of The Week
Price:
$ 1,350,000
Lot: 50
 x 120 (6,000 Sq. Ft.)
House size:  1,962 Sq Ft.
Bedrooms: 3
Bathroom: 2
Year Built: 1938
Zoning: RS

 

 

 

 

 

 

Why I Chose it:

  • Location – Close to elementary school, high way access and shopping
  • Homes in this neighbourhood are newer
  • Area is set for redevelopment
  • Home needs work
  • Is currently rented for a good price

New Westminster – Queens Park: 321 Second Street

Shawns Deals of The Week
Price:
$ 1,278,888
Lot: 33 x 120 (3,960 Sq Ft.)
House size:  2,529 Sq Ft.
Bedrooms: 4
Bathroom: 2
Year Built: 1946
Zoning: RS-1

 

 

 

Why I Chose it:

  • Prime location
  • Good price point
  • Great renovations
  • Close to Herbert Spencer Elementary School

Vancouver West – Downtown: #1708 1189 Howe Street 

Shawns Deals of The Week
Price:
$ 769,000
Maintenance Fees: $425.44
House size:  791 Sq Ft.
Bedrooms: 2
Bathroom: 2
Year Built: 1999
Zoning: HIRISE

 

 

 

 

Why I Chose it:

  • Location – In the heart of Downtown Vancouver
  • Price point
  • Size

Please contact us directly for your investment needs. We tailor our services to best suit your needs.

Shawn’s Deals of the Week (January 21 – 25)

Shawn’s Deals of the Week  (Jan 21 – 25)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – Uptown: #1208 – 608 Belmont Street

Shawn's Deals of the Week

Price: $ 699,999
Strata fee: TBA
House size:  903 Sq Ft.
Bedrooms: 2
Bathrooms: 2
Year Built: 2013
Zoning: C-3

 

 

 

 

Why I Chose it:

 The price point is fantastic for a 2 bed and 2 bath unit at the Viceroy in Uptown New Westminster. Units in this building are not often for sale, lucky for you, this is one of the best priced 2 bed units in the building. This will be coming to the market soon! Rental are allowed, pets allowed with restrictions, 1 parking and 1 storage unit are included.

New Westminster – West End: 1422 London Street 

Shawn's Deals of the Week
Price:
$ 1,198,000
Lot:
46.20 x 132 (6,098 Sq. Ft.)
House size:  2,076 Sq Ft.
Bedrooms: 3
Bathroom: 2
Year Built: 1943
Zoning: NR1

 

 

 

Why I Chose it:

  • Quiet location
  • Quick access to main roads
  • Close to all amenities, the skytrain, Lord Tweedsmuir Elementary
  • Great price

Burnaby – East: 7814 13th Avenue

Shawn's Deals of the Week

Price: $ 1,149,800
Lot: 50 x 154 (7,700 Sq Ft.)
House size:  1,995 Sq Ft.
Bedrooms: 4
Bathroom: 2
Year Built: 1964
Zoning: R5

 

 

 

 

Why I Chose it:

  • Great price
  • Good location: close to all amenities
  • Large size lot

Vancouver West – Kitsilano: 3636 W 11th Avenue

Shawn's Deals of the Week
Price:
$ 2,288,000
Lot: 33 x 122.06 (4,027.98 Sq Ft.)
House size:  2,399 Sq Ft.
Bedrooms: 5
Bathroom: 3
Year Built: 1973
Zoning: RS-5

 

 

 

 

Why I Chose it:

  • Prime location
  • Good price point
  • Great building lot
  • Many high rated school like Lord Byng are nearby

Vancouver West – Dunbar: 3675 W 24th Avenue 

Shawn's Deals of the Week
Price:
$ 2,300,000
Lot: 33 x 122.1 (4,029.30 Sq Ft.)
House size:  2,287 Sq Ft.
Bedrooms: 4
Bathroom: 3
Year Built: 1993
Zoning: RS-5

 

 

 

 

Why I Chose it:

  • Quiet location
  • Access to major spots: UBC, Spanish Banks, Jericho Beach
  • Newer home for the price point
Please contact us directly for your investment needs. We tailor our services to best suit your needs.

Shawn’s Deals of the Week

Shawn’s Deals of the Week

Every week I will be Shawn’s Deals which will include 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I explore are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing Shawn’s Deals of the week?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

New Westminster – Downtown: #1103 – 813 Carnarvon Street

Shawn's Deals

Price: $ 462,900
Maintenance Fees: $235.07
House size:  512 Sq Ft.
Bedrooms: 1
Bathrooms: 1
Year Built: 2022
Zoning: CD-76

 

 

 

 

Why I Chose it: 

Great price, brand new building (called the Ovation), and the location is great. Judging by the floor plans these units are efficient in utilizing the Sq Ft. Some units are still available through the developer. Be sure to give me a shout if you need help in purchasing a pre-sale.

New Westminster – Fraser View: #316 – 225 Francis Way 

Shawn's DealsPrice: $ 649,900
Maintenance Fees: 
$423.33
House size:  1,066 Sq Ft.
Bedrooms: 3
Bathroom: 2
Year Built: 2010
Zoning: RM-4

 

 

 

 

 

Why I Chose it:

 The location is key. It is nestled in a Victoria Hill and it’s not often that a 3 bedroom apartment comes up for sale in this neighbourhood.

Vancouver East: 765 E 24th Avenue

Shawn's Deals

Price: $ 1,398,000
Lot: 33 x 122 (4,026 Sq Ft.)
House size:  2,054 Sq Ft.
Bedrooms: 5
Bathroom: 2
Year Built: 1927
Zoning: Rs-1

 

 

 

 

 

Why I Chose it:

Great location. A 15 minute drive from downtown Vancouver. This is a great investment property for those looking to get in to the Vancouver market for a standard size lot. The homes needs some TLC. At 4,026 Sq. Ft. with the perceived buildable being 70% of the lot size for RS-1. There’s a potential for a 2,818.2 Sq. Ft. brand new home.

New Westminster – Glenbrooke North: 208 Blackman Street

Shawn's DealsPrice: $ 880,000
Lot: 52 x 116 (6,032 Sq Ft.)
House size:  1,020 Sq Ft.
Bedrooms: 3
Bathroom: 2
Year Built: 1953
Zoning: RS-1

 

 

 

 

 

 

Why I Chose it:

Price point. Located in one of the many great neighbourhoods in New Westminster. 208 Blackman Street is in Glenbrooke North. This home sits on a 6,032 Sq. Ft. lot and with the current bylaws, a 3,016 Sq. Ft.  home can be constructed or someone looking to renovate and extend this home would be able to get it at a great price of $880,000. This home won’t last long at this price. Call us to schedule a viewing for you.

New Westminster – Glenbrooke North: 212 Blackman Street

Shawn's DealsPrice: $ 884,900
Lot: 52 x 116.1 (6,037.20 Sq Ft.)
House size:  1,155 Sq Ft.
Bedrooms: 2
Bathroom: 1
Year Built: 1913
Zoning: RS-1

 

 

 

 

 

Why I Chose it:

Price point. Located in one of the many great neighbourhoods in New Westminster. 208 Blackman Street is in Glenbrooke North. This home sits on a 6,037.2 Sq. Ft. lot and with the current bylaws, a 3,018 Sq. Ft.  home can be constructed or someone looking to renovate and extend this home would be able to get it at a great price of $884,900. Call us to schedule a viewing for you.

Burnaby’s Most Expensive Home Sold In May 2017

Property: 7505 Lambeth Drive

List Price: $3,198,000

Sale Price: Contact Us Today

Sold Date: May 8th, 2017

A stunning 5 bedroom, 6 bathroom home at 7505 Lambeth Drive fetched the highest sale price in Burnaby for May, 2017. Built in 1980, the beautifully maintained custom-built home in prestigious Buckingham Heights was sold by its original owner.

Situated on a private 15,000sqft corner lot, the 3 level home has 6,002sqft of living space and both city and mountain views from front and back balconies. The main floor features a tranquil garden patio and massive yard (with oversized double garage), as well as a large living room, formal dining room, bright, spacious kitchen and eating area, huge family room and bedroom/den. An indoor oasis completes the main floor with pool, hot tub and sauna. Upstairs, the huge master bedroom is rounded out by a walk-in closet and ensuite. With 3 more ample-sized bedrooms and 2 bathrooms up, this is the perfect family home.  

Buckingham Heights is a small, upscale family neighbourhood, walking distance from Deer Lake, Burnaby’s recreational and cultural hub and is also midway between two of Burnaby’s most vibrant commercial centres, Edmonds and Metrotown, that each offer a huge array of shopping and services, as well as two branches of the Burnaby Public Library.

7505 Lambeth Drive

The home boasts a bright and spacious kitchen made for entertaining.

7505 Lambeth Drive

A formal living room denotes old world elegance.

7505 Lambeth Street

The luxurious mater bedroom is complete with ensuite and fireplace.

7505 Lambeth Drive

The custom built home comes complete with an indoor pool, hot tub and sauna

Burnaby House Market Update for May 2017

MARKET UPDATE BY BURNABY REALTOR JAMES GARBUTT

May is here–and it’s time for a Burnaby detached house market update. It’s been a bit of a crazy year that started off with a lot of snow followed by record amounts of rain and we feel that this held back the number of sales compared to previous years.

As of April 26, 2017, the year-to-date number of detached houses sold in Burnaby was 276 units*, compared to 1400 units in 2016 and 558 units in 2015. That’s basically 1/5th of the sales volume in terms of units sold compared to this time last year. Not surprising, however, because the weather has been awful, and Burnaby houses have become very expensive! The average list price of a detached home in Burnaby at the moment is $2,212,700 (as of April 26, 2017), and the average sale price over the past 60 days has been $1,696,600.

To get a good indication of how the market is doing, we look at the sales ratio. The sales ratio is the sales-to-active listings ratio, or the number of sales that take place in a given month, divided by the number of active listings. A seller’s market is considered to have a sales ratio of 21% or higher. Currently, Burnaby homes are on the fringe of a seller’s market. When looking at the last 60 days of activity, the sales ratio is 21% for all houses in Burnaby. However, if we isolate homes priced under $1,500,000, the sales ration climbs to 53%. If we isolate the $2 million plus price range in Burnaby, the sales ratio decreases to 9%. Basically meaning that 1 of out 10 listings in this price range are selling in a given month. As a Burnaby Realtor, what we’re seeing is that there are a lot of overpriced homes; there are a lot of higher end homes priced 10-20% above where they should be.

Moving forward, we expect to see the sales ratio increase in the seller’s favour. The market is starting to heat up and the weather is getting better. The high end market may still struggle, but we expect houses priced under $2 million in Burnaby to be in high demand over the coming months.

Some interesting stats for Burnaby:

There has been just 1 detached home sold in 2017 for under $1 million and it went for $998,800. It was a small older home on a very busy street (10th Ave). It’s official, the new entry price point to buy a detached house in Burnaby is $1 million. The high sale for 2017 is $3,180,000 and it was a newer home sold in ‘Upper Deer Lake‘.

*Note that this information was taken on April 26, 2017. They are likely firm sales that have not registered on the MLS. Actual 2017 figures may be slightly higher than noted above.

Full Real Estate Board of Greater Vancouver Stat Package for April 2017

If you’re thinking of buying, selling or just curious about the value of a property, contact us today!

 

Contact Us Today

 

James Garbutt
Burnaby Realtor

 

CLICK HERE FOR YOUR MAY 2017 BURNABY CONDO MARKET UPDATE

Burnaby Condo Market Update for May 2017

BURNABY CONDO MARKET UPDATE BY REALTOR JAMES GARBUTT

May is here and it’s time for a Burnaby condo market update! It’s been a bit of a crazy year, we had a lot of snow at the beginning followed by record amounts of rain and we feel that this held back the number of sales compared to previous years.

As of April 26, 2017, the year-to-date number of condos sold in Burnaby is 636 units*, compared to 1022 units in 2016 and 708 units in 2015. Sales volumes may be down, but prices are up, and condos are hot. The REBGV just released the latest market stats and it shows Burnaby condos are up 25% compared to 1 year ago.

To get a good indication of how the market doing, we like to look at the sales ratio. The sales ratio is the sales-to-active listings ratio or the number of sales that take place in a given month divided by the number of active listings. A seller’s market is considered to have a sales ratio of 21% or higher. Currently, Burnaby condos are experiencing a strong seller’s market. When looking at the last 60 days of activity, the sales ratio is 65% for 2 bedroom condos and 85% for 1 bedrooms. This tells us that condos are in demand, and even more so for lower price points.

Let’s look at Brentwood Park for a moment as it is a popular neighbourhood for many condo buyers due to it’s central location and ample supply of newer condos.

The price per square foot for a typical 2 bedroom, 2 bathroom, mid level unit that is 850-880 sqft in a 10ish year old building at OMA (2345 & 2355 Madison Ave, and 4250 Dawson St) or Tandem (4118, 4178 & 4182 Dawson St) is currently selling for about $775/ sqft or $675,000 (as of April 2017). In April 2016, they were selling for $635/ sqft or $540,000, and in April 2015 they were selling for $520/ sqft or $450,000. It is a climbing market and Burnaby has seen back-to-back years of 20% plus appreciation.

The highest price per square foot recorded this year was $980/ft in Brentwood Park, and if that is the start of the new trend, expect Burnaby to get even more expensive!

*Note that this information was taken on April 26, 2017. They are likely firm sales that have not registered on the MLS. Actual 2017 figures may be slightly higher than noted above.

Full Real Estate Board of Greater Vancouver Stat Package for April 2017

If you’re thinking of buying, selling or just curious about the value of a property, contact us today!

 

Contact Us Today

 

James Garbutt
Burnaby Realtor

 

CLICK HERE FOR YOUR MAY 2017 BURNABY HOUSE MARKET UPDATE