Frank Zhang

Integrity,Expert,Outstanding

SURREY, BC – Last month, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015.

The Fraser Valley Real Estate Board processed 1,221 sales of all property types on its Multiple Listing Service® (MLS®) in March, a 24.3 per cent increase compared to sales in February 2019, and a 26.6 per cent decrease compared to the 1,664 sales in March of last year. Of the 1,221 total sales, 462 were residential detached homes, 300 were townhouses, and 346 were apartments. This was the lowest sales total for the Board during March since 2013.

Darin Germyn, President of the Board, said of the market: “From a buyer’s perspective, there are more opportunities available as we move deeper into spring. Many of our communities are seeing higher inventory levels, especially in the attached market with the number of available townhomes almost doubling and Fraser Valley condos more than doubling compared to last year.”

There were 7,011 active listings available in the Fraser Valley at the end of March, an increase of 9.4 per cent compared to February 2019’s inventory and an increase of 46.2 per cent year-over-year.

The Board received 2,872 new listings during the month, a 29.6 per cent increase compared to February 2019’s intake of 2,216 new listings and a 0.2 per cent increase compared year-over-year.

“One of the reasons our market has remained stable is simply due to affordability. Although prices have increased dramatically over the last ten years, during the last twelve months we’ve seen prices for all major residential property types in the Fraser Valley decrease between four and five per cent. This is good news for buyers,” continued Germyn.

For the Fraser Valley region, the average number of days to sell an apartment in March was 38, and 29 for townhomes. Single family detached homes remained on the market for an average of 38 days before selling.

HPI® Benchmark Price Activity

  • Single Family Detached: At $963,100, the Benchmark price for a single family detached home in the Fraser Valley increased 0.4 per cent compared to February 2019 and decreased 4.2 per cent compared to March 2018.
  • Townhomes: At $517,300, the Benchmark price for a townhome in the Fraser Valley in the Fraser Valley increased 0.3 per cent compared to February 2019 and decreased 4.5 per cent compared to March 2018.
  • Apartments: At $418,000, the Benchmark price for apartments/condos in the Fraser Valley increased 2 per cent compared to February 2019 and decreased 5.1 per cent compared to March 2018.

Find the March Statistics Package here.

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Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sold in February 2019.

Last month’s sales were 46.3 per cent below the 10-year March sales average and was the lowest total for the month since 1986.

“Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced,” Ashley Smith, REBGV president said. “For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”

“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away. Using public policy to delay local demand in the housing market just feeds disruptive cycles that have been so well-documented in our region.”

There were 4,949 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2019. This represents an 11.2 per cent increase compared to the 4,450 homes listed in March 2018 and a 27.2 per cent increase compared to February 2019 when 3,892 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,774, a 52.4 per cent increase compared to March 2018 (8,380) and a 10.2 per cent increase compared to February 2019 (11,590).

For all property types, the sales-to-active listings ratio for March 2019 is 13.5 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.9 per cent for townhomes, and 17.2 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,011,200. This represents a 7.7 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.

Sales of detached homes in March 2019 reached 529, a 26.7 per cent decrease from the 722 sales in March 2018. The benchmark price for a detached home is $1,437,100. This represents a 10.5 per cent decrease from March 2018, and a 0.4 per cent decrease compared to February 2019.

Sales of apartment homes reached 873 in March 2019, a 35.3 per cent decrease compared to the 1,349 sales in March 2018. The benchmark price of an apartment property is $656,900. This represents a 5.9 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.

Attached home sales in March 2019 totalled 325, a 27.1 per cent decrease compared to the 446 sales in March 2018. The benchmark price of an attached home is $783,600. This represents a six per cent decrease from March 2018, and a 0.7 per cent decrease compared to February 2019.

Download the March 2019 stats package.

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I have listed a new property at 206 15357 ROPER AVE in White Rock.
Regency Court - European designed upscale complex in the heart of White Rock within walking distance to the beach. Open concept layout with beautiful hardwood floors. Kitchen has wood cab, granite countertops, S/S appliances. Living room has a cozy fireplace and a peek a boo ocean view. Bedroom has lots of closet space, air conditioning. Other features include large in-suite storage/laundry room, crown mouldings, upscale lighting, guest suite, 1 parking, 1 locker and security camera for your front door. PLUS pets, rentals OKAY and no age restriction.
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I have listed a new property at 10155 128A ST in Surrey.
Beautiful family home in Cedar Hills ! 3 bedrooms and 2 full bathrooms on the top floor. Main floor offers wide open living & dining room, bathroom, bright study room and family room, under covered balcony. Separate entrance for 2 bedroom basement suite. Back lane access to detached double garage. Quite and Safe Neighbor. All the conveniences: Walking Distance to both elementary and secondary schools, SKY TRAIN, CITY CENTRE, SFU Surrey Campus, HOLLAND Park, T&T Supermarket , CITY Hall, Recreation Center, Library. QUICK Access to ALL the Major Routes. OPEN HOUSE Sunday Feb 10, afternoon 2-4pm.
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以下摘自与客户的微信聊天。


告诉您一些好消息。

1.温哥华地区正是樱花盛开的时节。欢迎您和您的女儿有空儿过来赏花呀。

2. 伴随春天的驻临,大温房地产市场也见活络。


有诗云:春江水暖鸭先知


我们在一线的经纪是最先能感知市场变化的。


我最直接的观察️两个:

1. 现在来参观open house (公众开放日),的人明显增多。


2. 最近有两个星期,成交量增加。有不少人已经结束了观望,出手买房了。

我认为,有三个原因。
1.季节。三月份历来是房屋比较活跃点月份。
2. 最近联邦政府发布了新预算,要在这三年里拿出近13亿加元,支持房市。
3. 各大银行近期纷纷降低利率。
另外,会有很多人,经过近一年时间的观察,认为房市最低谷就是现在。出手检漏了。
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"These measures to make first houses more affordable could have the effect of enabling occupants of those houses to move up, ... therefore pushing price increases up the scale," said McBride. "Who knows if that will happen — but it's a possible consequence and it would be unintended."




https://www.msn.com/en-ca/money/topstories/budgets-real-estate-top-up-could-push-up-the-price-of-cheaper-homes-don-pittis/ar-BBV2xM9?ocid=spartanntp

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I have sold a property at 107 13768 108 AVE in Surrey.
Brand New Studio at Venue, another masterpiece by renowned Tien Sher Group! GST already paid. Great Starter home or INVESTMENT property. Superb Location: Gateway Skytrain Station is under 10 minute walk;bus stop right besides building; easy access to Schools/Universities, Restaurants, Parks, Shoppings and many more. This is a Quiet inside unit overlooking professionaly landscaped garden with Spacious living,9' ceiling, Open floor plan, Quartz countertops, S/S appliance, Laminate/Carpet flooring, 1Parking/1Storage. 2-5-10 Warranty.Enjoy the Fitness gym, and BBQ outlet on the rooftop deck, One year free Internet, TV&Phone from Telus.Open House 1-4pm Sunday Jan 2019.
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Can’t afford to buy a house? The government may take on part of the cost.

That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream.

Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians.



The money would go to first-time home buyers applying for insured mortgages. Borrowers would still have to pony up a down payment of at least five per cent of the home purchase price. On top of that, though, they would receive an incentive of up to 10 per cent of the house price, which would lower the amount of their mortgage.


For example, say you’re hoping to buy a $400,000 home with the minimum required five per cent down payment, which works out to $20,000. With the new incentive, you could receive up to $40,000 through the CMHC. Now, instead of taking out a $380,000 mortgage, you’d need to borrow only $340,000. This would lower your monthly mortgage bill from over $1,970 to less than $1,750.

The incentive would be 10 per cent for buyers purchasing a newly built home and 5 per cent for existing homes. Only households with an annual income under $120,000 would be able to participate in the program.

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Home Buyer’s Plan boost under 2019 budget


Can’t afford to buy a house? The government may take on part of the cost.

That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream.

Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians.



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Spectacular View. A Very Rare Fully Updated Townhouse with Ocean View in the Heart of White Rock. Updated kitchen and bathrooms, flooring and new luxury quartz countertops in kitchen and bathrooms. Brand new stainless steel appliances, including fridge, dishwasher, and range hood. Three (3) spacious bedrooms with their own bathrooms. Top school catchment: Semiahmoo Secondary and White Rock Elementary. Steps away from shopping, school, transit and the popular White Rock Pier. Very low strata fee, only $125/month, due to self managed strata council. Move-in condition. Hurry, don't miss this rare opportunity to own this beautiful 3-bedroom townhome. 
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BRAND NEW HOME WITH GST INCLUDED. Stunning high ceiling contemporary California style modern home located in the quiet neighborhood near the beautiful Mundy Park. Over 8000 SF flat lot, north-south oriented, and 6000+ SF of luxury living space. This fabulous home features 8 Bedrooms, 7 Bath family home with contemporary design and Hi Tech equipped. Radiant Heating in All levels (10 Zones), HRV, high efficient tank-less boiler, 7.1 surround sound in theater room. Smart Home features with remote control lighting, sounds, garage door, security cameras with your phone. Basement fully finished with 2 bedroom legal suite plus additional one bedroom family suite. Close to all shopping, schools, park and transit. Must see!!
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I have listed a new property at 107 13768 108 AVE in Surrey.
Brand New Studio at Venue, another masterpiece by renowned Tien Sher Group! GST already paid. Great Starter home or INVESTMENT property. Superb Location: Gateway Skytrain Station is under 10 minute walk;bus stop right besides building; easy access to Schools/Universities, Restaurants, Parks, Shoppings and many more. This is a Quiet inside unit overlooking professionaly landscaped garden with Spacious living,9' ceiling, Open floor plan, Quartz countertops, S/S appliance, Laminate/Carpet flooring, 1Parking/1Storage. 2-5-10 Warranty.Enjoy the Fitness gym, and BBQ outlet on the rooftop deck, One year free Internet, TV&Phone from Telus.Open House 1-4pm Sunday Jan 2019.
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I have listed a new property at 10031 132A ST in Surrey.
Investors & Developers Alert! Excellent condition, good rental income house eligible for Low to Mid Rise 2.5 FAR 6 story condo development under Surrey City Centre Plan. Large 8200 sf Corner lot with accesses from the front, side and back lane. House in excellent condition, reno done over past few years: hardwood flooring, vinyl windows, etc. Minute walk to Central City mall , Skytrain stations, bus stops, schools, rec centre, library, parks, SFU,KPU, the city hall, hospital, and all amenities. Rarely available property to hold for potential land assembly/development while collecting good rental income.Call to make an appointment today!
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A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.

     

 

Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent compared to February 2017 when 2,425 homes sold.

Last month’s sales were 7.9 per cent above the 10-year sales average for the month.

“While demand in March was below the record high of last year, we saw demand increase month-to-month for condos and townhomes,” Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “Sellers still seem reluctant to put their homes on the market, making for stiff competition among home buyers.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,762 in March 2017. This represents a decrease of 24.1 per cent compared to the 6,278 units listed in March 2016 and a 29.9 per cent increase compared to February 2017 when 3,666 properties were listed.

This is the lowest number of new listings in March since 2009.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,586, a 3.1 per cent increase compared to March 2016 (7,358) and a 0.1 per cent decrease compared to February 2017 (7,594).

The sales-to-active listings ratio for March 2017 is 47.2 per cent, a 15-point increase over February. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Home prices will likely continue to increase until we see more housing supply coming on to the market,” Oudil said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 0.8 per cent decrease over the past six months and a 1.4 per cent increase compared to February 2017.

Sales of detached properties in March 2017 reached 1,150, a decrease of 46.1 per cent from the 2,135 detached sales recorded in March 2016. The benchmark price for detached properties is $1,489,400. This represents a 5.0 per cent decrease over the past six months and a one per cent increase compared to February 2017.

Sales of apartment properties reached 1,841 in March 2017, a decrease of 18.3 per cent compared to the 2,252 sales in March 2016.The benchmark price of an apartment property is $537,400. This represents a 5.2 per cent increase over the past six months and a 2.1 per cent increase compared to February 2017.

Attached property sales in March 2017 totalled 588, a decrease of 25.2 per cent compared to the 786 sales in March 2016. The benchmark price of an attached unit is $685,100. This represents a 1.3 per cent increase over the past six months and a 1.4 per cent increase compared to February 2017.

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惊人!菲沙3月房地产价量齐暴涨

 

2017-04-04 |     Frank 张琳-大温地产



菲沙河谷地产局(FVREB)今天上午公布2017年3月房地产报告,显示销售量比上月暴涨58.5%,而价格也在暴涨中。

 



2017年3月,菲沙河谷房地产共录得2213宗房地产销售,虽然比2016年3月的历史最高记录(3006宗)下跌,但仍然是过去10年第2高记录,比2月(1396宗)上升58.5%。 其中526宗为城市屋,638宗为公寓,连续7个月,共管物业销售超过半数。而总库存仅有4808宗,为过去10年最低,甚至比2016年3月还低12.3%。销存比为46%(即强劲卖方市场)

 

菲沙地产局主席Gopal Sahota称,房源库存不如人意,特别是随着春季的到来,需求上扬,然而,很高兴看到越来越多的买家转向公寓和城市屋市场,分担了独立屋的压力。我们从未见过共管物业如此火爆,几年前轻松选购的日子不再,竞争加剧,房源走的很快。

 



2017年3月基准价变动:

 

独立屋:86.9万,比上月上涨1.1%,比上年上涨17.3%。单月涨幅最大的地区为外围地区:米逊(3.1%),阿博思福(2.2%),Cloverdale(1.7%)

城市屋:43.2万,比上月上涨2.3%,比上年上涨25.5%,单月涨幅最大的地区为米逊(3.9%),北三角洲(3.1%),素里(3.0%)

公寓:27.69万,比上月上涨3.7%, 比上年上涨27.5%,单月涨幅最大的地区为北三角洲(6.3%),Cloverdale(5.2%),素里(5.0%)









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Low supply continues to limit Metro Vancouver home buyers

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

Last month’s sales were 7.7 per cent below the 10-year February sales average.

“February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Limited supply and snowy weather were two factors hampering this activity.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 per cent decrease compared to the 5,812 units listed in February 2016 and an 11.4 per cent decrease compared to January 2017 when 4,140 properties were listed.

This is the lowest number of new listings registered in February since 2003.

The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 per cent increase compared to January 2017 (7,238).

The region’s sales-to-active listings ratio for February 2017 is 31.9 per cent, a 10-point increase from January. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said. 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 per cent decrease over the past six months and a 1.2 per cent increase compared to January 2017.

Sales of detached properties in February 2017 reached 745, a decrease of 58.1 per cent from the 1,778 detached sales recorded in February 2016. The benchmark price for detached properties is $1,474,200. This represents a 6.5 per cent decrease over the past six months and is unchanged compared to January 2017.

Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 per cent compared to the 1,790 sales in February 2016.The benchmark price of an apartment property is $526,300. This represents a 2.3 per cent increase over the past six months and a 2.7 per cent increase compared to January 2017.

Attached property sales in February 2017 totalled 404, a decrease of 33.1 per cent compared to the 604 sales in February 2016. The benchmark price of an attached unit is $675,500. This represents a 0.3 per cent decrease over the past six months and a 1.3 per cent increase compared to January 2017.

Download the full stats package by clicking here.

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Premier Christy Clark said her government is planning to make changes to the foreign homebuyers tax, saying it will exempt those in Metro Vancouver who have work permits.

 

Clark made the comments Sunday while speaking to reporters at a Lunar New Year event in Vancouver.

"We're going to lift the foreign owners tax on people who have work permits, who are paying taxes and living in British Columbia as a way to encourage more people to come."

 

Clark did not elaborate on the proposed changes. She was addressing U.S. President Donald Trump's immigration order that bars citizens from a select group of Muslim-majority countries.

 

Clark told reporters that her government opposes the ban.

 

"We are going to fight to make sure that people who are dual citizens, Canadians who may hold a passport from Iran or Iraq or Syria — can continue to travel. Those are the values we stand for as Canadians."

 

Clark's Liberal government introduced the tax in August 2016. It adds an additional 15 per cent property transfer tax on buyers who are not Canadian citizens or permanent residents.

 

The impact was immediate as sales in Vancouver dropped 26 per cent in August compared to the previous year.

The foreign homebuyers tax legislation does not have to be amended to make this change.

 

The intention of the tax was was not to prevent foreign nationals from coming to B.C. to live and work, a government spokesman said

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.