Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 | info@anshuarora.com

Commercial investment in the Vancouver market has reached $3.4 billion this quarter (Q1 2017) – the highest first quarter transaction dollar volume ever recorded.

 

Now's the perfect time to invest in Commercial, Industrial and Residential real Estate!

Residential land sales accounted for nearly a third of a total dollar volume in Q1 2017. Retail and office investment reached record levels of sales, according to Altus. Both sectors combined account for nearly 40 per cent of all property transactions, lead primarily by three of the quarter’s four priciest sales:
 
  • Oakridge Centre, Vancouver: a 50% interest of $480,661,162. 
  • Waterfront Centre, Vancouver: a 50% portion of a larger portfolio; $182,450,000 
  • Granville Square, Vancouver: a 50% portion of a larger portfolio; $157,500,000 
  • Arbutus Manor, Vancouver: a retirement home, classified as Residential Land; 3.93 acres, $115,000,000.
The four sales have a combined value of $935.6 million.
Residential land sales accounted for nearly a third of a total dollar volume in Q1 2017. Retail and office investment reached record levels of sales, according to Altus. Both sectors combined account for nearly 40 per cent of all property transactions, lead primarily by three of the quarter’s four priciest sales:
 
  • Oakridge Centre, Vancouver: a 50% interest of $480,661,162. 
  • Waterfront Centre, Vancouver: a 50% portion of a larger portfolio; $182,450,000 
  • Granville Square, Vancouver: a 50% portion of a larger portfolio; $157,500,000 
  • Arbutus Manor, Vancouver: a retirement home, classified as Residential Land; 3.93 acres, $115,000,000.
The four sales have a combined value of $935.6 million.
Residential land sales accounted for nearly a third of a total dollar volume in Q1 2017. Retail and office investment reached record levels of sales, according to Altus. Both sectors combined account for nearly 40 per cent of all property transactions, lead primarily by three of the quarter’s four priciest sales:
 
  • Oakridge Centre, Vancouver: a 50% interest of $480,661,162. 
  • Waterfront Centre, Vancouver: a 50% portion of a larger portfolio; $182,450,000 
  • Granville Square, Vancouver: a 50% portion of a larger portfolio; $157,500,000 
  • Arbutus Manor, Vancouver: a retirement home, classified as Residential Land; 3.93 acres, $115,000,000.
The four sales have a combined value of $935.6 million.
Residential land sales accounted for nearly a third of a total dollar volume in Q1 2017. Retail and office investment reached record levels of sales, according to Altus. Both sectors combined account for nearly 40 per cent of all property transactions, lead primarily by three of the quarter’s four priciest sales:
 
  • Oakridge Centre, Vancouver: a 50% interest of $480,661,162. 
  • Waterfront Centre, Vancouver: a 50% portion of a larger portfolio; $182,450,000 
  • Granville Square, Vancouver: a 50% portion of a larger portfolio; $157,500,000 
  • Arbutus Manor, Vancouver: a retirement home, classified as Residential Land; 3.93 acres, $115,000,000.
The four sales have a combined value of $935.6 million.
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Its always a great time to sell, buy and invest, anywhere in BC

 

Over the first four months of 2017, the average sale price of a home in the Chilliwack and District Real Estate Board (CADREB) was $439,600, up 16.3 per cent from the $378,089 over the same period in 2016.

 

That price jump was the highest of the 12 real estate boards in the province. In the Lower Mainland, that compares to a 6.5 decrease in prices to $657,015 in the Fraser Valley Real Estate Board (Abbotsford to Surrey) and an 8.8 per cent in the Great Vancouver Real Estate Board, by far the largest market in the province.

 

Increasing demand along with a 20-year record low in the residential supply of housing is what’s fueling the high prices.

 

I can help you get the highest price for your property and buy and invest without having to worry about multiple offers.

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Just like always, these are great times (then again, when are times not great, right!)


Home buyer activity returned to near record levels across the Metro Vancouver housing market in May. The month-over-month increase in new listings was led by detached homes at 27.1 per cent, followed by apartments at 22.7 per cent and townhomes at 14.1 per cent.

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,168, a 5.7 per cent increase compared to May 2016 (7,726) and a 4.5 per cent increase compared to April 2017 (7,813). The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $967,500. This represents an 8.8 per cent increase over May 2016 and a 2.8 per cent increase compared to April 2017.

 

I can assist you in Buying (avoinding multiple offers), Selling (getting multiple offers) and Investing (finding properties before they hit the market)!

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