630 Fifth St
New Westminster, BC, V3M 2X9

James Garbutt

November 2013 Market Update

Steady trends continue in the Greater Vancouver housing market

Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,321 on the Multiple Listing Service® (MLS®) in November 2013. This represents a 37.7 per cent increase compared to the 1,686 sales recorded in November 2012, and a 12.8 per cent decline compared to the 2,661 sales in October 2013.

Last month’s sales were 1.2 per cent below the 10-year sales average for the month, while new listings were 1.5 per cent above the 10-year November average.

“We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year,” Sandra Wyant, REBGV president said. “This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,245 in November. This represents a 17.7 per cent increase compared to the 2,758 new listings reported in November 2012 and a 24.8 per cent decline compared to the 4,315 new listings in October of this year

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#304 290 Francis Way, New Westminster (The Grove – Victoria Hill)


The Grove at Victoria Hill – 2 Bed, 2 Bath, 951 SF West Facing unit overlooking the inner courtyard with Large Balcony. Very Quiet and surrounded by Greenspace this unit features a very spacious & open Living/Dining/Kitchen Area. Gourmet Kitchen with stainless steel appliances, lots of cabinets & island. Ideal Floorplan with two bedrooms located on opposite sides of the living room, Master Bedroom has walk-through closet leading into a Full Bathroom. Great Amenities at the Boiler House: Gym, Theatre, Study, Party Rm/Lounge, Outdoor Basketball Court. Central Locations, steps to Queens Park, 15min walk to Skytrain or 10 min Bus. Won’t last! Must See!

Virtual Tour

MLS Feature Sheet #304 290 Francis Way


#208 270 Francis Way, New Westminster. (The Grove – Victoria Hill)


The Grove, Victoria Hill – Gorgeous 2 bed, 2 bath West facing suite with large balcony overlooking the inner courtyard. Very quiet & private location, great floor plan, open concept living/dining/kitchen area. 2 bedrooms on opposite sides of the living room, 2nd bdrm has walk in closet, master bedroom has walk-through closet leading into a full bathroom. Gourmet kitchen with plenty of cabinet space, stainless steel appliances & granite counters (granite in bathrooms as well). Excellent amenities at the Boiler House; gym, theatre, study area, party room/lounge, basketball court. Great location, surrounded by parks & greenspace. 15 min walk to skytrain or 10 min bus. Suite shows well, priced to sell, must see.

Virtual Tour

MLS Feature Sheet 208 270 Francis Way

#205 801 Klahanie Dr., Port Moody

CONDO FOR SALE – #205 801 Klahanie Dr., Port Moody

Welcome to Inglenook in Polygon’s fabulous Klahanie Development in Port Moody. Surrounded by nature this 2 bed, 2 bath unit boasts 822 SF of functional & open living space. This suite features a large balcony, open living/dining room area, electric F/P, gas range in the kitchen, spacious master suite with W/I closet & a view overlooking the greenbelt & water. Outstanding amenities at the Canoe Club, which incl a 15000 SF clubhouse, tennis court, outdoor pool & hot tub, sauna, gym, media room, basketball court, guest suites & much more. Short walk to Newport Village & Suter Brook Village, & close to Westcoast Express. 2 side-by-side parking stalls & 1 large storage locker included!

#303 580 12th St, New Westminster (The Regency)

REAL ESTATE FOR SALE –  #303 580 12th St., New West

Welcome to The Regency. Pride of ownership abounds in this outstanding , bright  2 bedroom + 2 bathroom corner unit. Features include 9 ft ceilings, fireplace (gas & hot water incl in maint fee), large balcony & windows, insuite laundry,Beautiful new laminate flooring, spacious master, bay window with 180 DEGREE VIEW OF FRASER RIVER & MT. BAKER, lots of closet space, designer paint & more! Convenient location close to shops, schools, parks, skytrain, New River Market (Quay) & soon to open Movie Theatres & Civic Centres. Bonus! This unit comes with an extra large storage locker! Pets & rentals allowed with restrictions. You will love all that New Westminster has to offer. Call to view.



#311 225 Francis Way, New Westminster (Victoria Hill)

September 12, 2011 – Virtual Tour of #311 225 Francis Way, New West

WHITTAKER at Victoria Hill – Stunning 2 bdrm+den, 2 bath with unobstructed river & mountain views! Enjoy views of the Fraser river from our living room & large patio. This suite features a large & open living/dining room area with laminate flooring, impressive kitchen with granite counters, S/S appliances & lots of cabinets, granite counters & under mounted sinks in bathrooms as well. Located just steps to the Boiler House which features a huge gym, lounge area, reading area, media room, meeting room & basketball court. 2 parking stall included! Rentals allowed & pets allowed with restrictions. Must see!



#52 1108 Riverside Cl, Port Coquitlam

August 26, 2011 – Virtual Tour of #52 1108 Riverside Cl.

Heritage Meadows – 4 bedroom (3 bed up, 1 bed down), 3.5 bath home with finished basement. Open kitchen with granite counters, island, eating area, gas stove & large family room leading into deck. Private & nicely landscaped back yard area. Master suite has vaulted ceilings, walk in closet & large ensuite. 2 more bedrooms & den upstairs. Basement has rec room, full bath, bedroom, 2-car garage & access to patio in fully fenced backyard. Lots of natural light, close to playground. Close to schools, transit, shopping & recreation. Short distance to WestCoast Express station. Monthly maintenance $246.38.

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#313 3 Renaissance Sq., New Westminster

July 21, 2011 – Virtual Tour of #313 3 Renaissance Sq.

Listed for $449,900

LIDO – Rarely available 1655 SF 2 bed + den, 2 bath unit overlooking the New Quay Boardwalk, with an UNOBSTRUCTED FRASER RIVER VIEW!!! Open layout, spacious living/dining room area, lots of insuite storage, large den (could be 3rd bdrm), huge master suite, insuite laundry, natural gas fireplace, & much more. Enjoy the large balcony overlooking the Fraser River. Priced well at approx. $60K under the Tax Assessed Value! The suite includes 2 parking stalls & 1 storage locker. Must see!

#114 930 E 7th Ave, Vancouver

July 12, 2011 – Virtual Tour of #114 930 E 7th Ave, Vancouver

Listed For – $449,000

Stunning 1033 SF, 2 bdrm + large “loft styled” den, 1.5 bath ground level suite facing on to China Creek North Park. This suite feature updated engineered flooring throughout, new vanity in the 2 pce ensuite, designer paint, ope floor plan & a spacious balcony with plenty of room for entertaining. This is the largest suite in the “Windsor Park” complex & it includes 2 side by side parking stalls & a storage locker. Maintenance fee includes heat & hot water. Centrally located in Vancouver’s Mt Pleasant area & walking distance to skytrain & VCC.

109 Sinclair Ave, New Westminster

May 18, 2011 – Video Blog of 109 Sinclair Ave, New Westminster

GLENBROOKE NORTH! This impressive, bright 4 bedroom, 2 bath home has been METICULOUSLY maintained! Located on a large private lot on a quiet street, across from a small park & close to Herbert Spencer Elementary & all levels of schools,  this location is hard to beat! In 2010 the roof, exterior paint, fence & parking pad (lane access)were done. Not long before that both bathrooms were beautifully updated, yard landscaped, new furnace & hot water tank installed (2008), interior was painted & kitchen appliances replaced(2006). Lovely original hardwood in living/dining rooms. A WONDERFUL place to call home. Just Move in & ENJOY!

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Stability and regional ‘hot spots’ characterize January housing market

VANCOUVER, B.C. – February 2, 2011 – The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.

The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January.

“There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to region,” said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). “We’re seeing strong sellers’ market conditions in areas like Richmond and the west side of Vancouver.”

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price of detached homes increased 22.6 per cent in Richmond and 12.2 per cent in Vancouver West. In comparison, detached home prices across the region increased 2.7 per cent over the same period.

“When you’re looking to buy or sell a home, it’s important to familiarize yourself with the wider trends in the market. It’s equally important to seek out knowledge of your local area so you understand current market conditions in your neighbourhood,”

Moldowan said Looking across the region, the REBGV reports that residential property sales in Greater Vancouver reached 1,819 on the MLS® in January 2011. This represents a 4.2 per cent decline compared to the 1,899 sales recorded in December 2010, a decrease of 5.4 per cent compared to the 1,923 sales in January 2010 and a 138.7 per cent increase from the 762 home sales in January 2009.

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