CategoriesProject Updates

Maverick Summer Construction Time lapse


As summer comes to an end and fall arrives, construction activity at Maverick continues at a strong pace. While exterior siding is nearing completion, railings are being installed and landscaping works continues. On the interior, the suites on the upper’s floors are nearing completion with cabinets, countertops and flooring being installed. The building has been connected to permanent power with BC Hydro and the elevator installation is underway.

As we head into the second month of fall, the exterior of the building is nearing completion with final siding being installed and railings being placed on the balconies.  The suites on the upper floors are also near completion too with final painting underway while the suites at the ground level are being drywalled.  Perimeter landscaping continues with placement of the block retaining walls as well as filling the planters with soil in preparation for planting. 

CategoriesReal Estate Stats

Metro Vancouver Market update – October 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 3286 listings and home sales in the area totaled 1864 showing a Seller’s Market within the Metro Vancouver.

For all residential properties in Metro Vancouver the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $1,025,000. This shows a 6.3% change over a yearly period and a 0.9% increase compared to the previous month.

Vancouver Market Stats – October 2020

In October there were 937 sales out of a total 1873 residential properties listed in Vancouver. The sales-to-active listings ratio is 60.9% for detached homes, 54% for townhomes, and 45.3% for condominiums bringing the average residential property to 50% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,185,250, a 0.8% increase from the previous month and a 7.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4% compared to the year before, reaching a benchmark price of $1,030,200

The HPI Benchmark price of a condominium sits at $686,050; a -0.6% decrease compared to last month and a 3.8% increase from the same time last year.

North Vancouver Market Stats – October 2020

In October there were 332 sales out of a total 442 residential properties listed in North Vancouver. The sales-to-active listings ratio is 87.1% for detached homes, 92.5% for townhomes, and 62.3% for condominiums bringing the average residential property to 75.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,665,100, a 1.1% increase from the previous month and a 13.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 9.6% compared to the year before, reaching a benchmark price of $1,026,400

The HPI Benchmark price of a condominium sits at $588,900; a 0.5% increase compared to last month and a 6.3% increase from the same time last year.

West Vancouver Market Stats – October 2020

In October there were 97 sales out of a total 204 residential properties listed in West Vancouver. The sales-to-active listings ratio is 49.2% for detached homes, 0% for townhomes, and 37.9% for condominiums bringing the average residential property to 47.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2,743,600, a 2.1% increase from the previous month and a 8.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 0% compared to the year before, reaching a benchmark price of $0

The HPI Benchmark price of a condominium sits at $1,094,600; a 3.2% increase compared to last month and a 4.4% increase from the same time last year.

Richmond Market Stats – October 2020

In October there were 380 sales out of a total 619 residential properties listed in Richmond. The sales-to-active listings ratio is 59.4% for detached homes, 72% for townhomes, and 58% for condominiums bringing the average residential property to 61.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,581,600, a 1.1% increase from the previous month and a 5.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.8% compared to the year before, reaching a benchmark price of $817,600

The HPI Benchmark price of a condominium sits at $656,600; a 0.2% increase compared to last month and a 5% increase from the same time last year.

Delta South Market Stats – October 2020

In October there were 118 sales out of a total 148 residential properties listed in Delta South. The sales-to-active listings ratio is 85.2% for detached homes, 64.3% for townhomes, and 78.1% for condominiums bringing the average residential property to 79.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,097,650, a 1.6% increase from the previous month and a 12.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 0.4% compared to the year before, reaching a benchmark price of $568,050

The HPI Benchmark price of a condominium sits at $534,750; a -2.8% decrease compared to last month and a 2.3% increase from the same time last year.

CategoriesUncategorized

Greater Vancouver Market Update – October 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 2005 listings and home sales in the area totaled 1410 showing a Seller’s Market within the Greater Vancouver.

For all residential properties in Greater Vancouver the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $809,000. This shows a 6.5% change over a yearly period and a 0.8% increase compared to the previous month.

Burnaby Market Stats – October 2020

In October there were 394 sales out of a total 642 residential properties listed in Burnaby. The sales-to-active listings ratio is 59.8% for detached homes, 83.7% for townhomes, and 56.3% for condominiums bringing the average residential property to 61.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,449,300, a -0.1% decrease from the previous month and a 9.1% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5% compared to the year before, reaching a benchmark price of $753,033

The HPI Benchmark price of a condominium sits at $667,000; a -0.2% decrease compared to last month and a 2.8% increase from the same time last year.

New Westminster Market Stats – October 2020

In October there were 168 sales out of a total 268 residential properties listed in New Westminster. The sales-to-active listings ratio is 72% for detached homes, 56.8% for townhomes, and 61.3% for condominiums bringing the average residential property to 62.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,127,200, a 1.1% increase from the previous month and a 10.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.4% compared to the year before, reaching a benchmark price of $756,500

The HPI Benchmark price of a condominium sits at $531,600; a 0.1% increase compared to last month and a 4.6% increase from the same time last year.

Coquitlam Market Stats – October 2020

In October there were 341 sales out of a total 452 residential properties listed in Coquitlam. The sales-to-active listings ratio is 92.1% for detached homes, 93.3% for townhomes, and 57.8% for condominiums bringing the average residential property to 75.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,262,100, a 1.7% increase from the previous month and a 9.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.7% compared to the year before, reaching a benchmark price of $699,800

The HPI Benchmark price of a condominium sits at $534,500; a 0.5% increase compared to last month and a 3.4% increase from the same time last year.

Port Coquitlam Market Stats – October 2020

In October there were 117 sales out of a total 176 residential properties listed in Port Coquitlam. The sales-to-active listings ratio is 90% for detached homes, 92.1% for townhomes, and 46.9% for condominiums bringing the average residential property to 66.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,034,400, a 1.1% increase from the previous month and a 13.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.5% compared to the year before, reaching a benchmark price of $662,500

The HPI Benchmark price of a condominium sits at $466,400; a -0.8% decrease compared to last month and a 6.6% increase from the same time last year.

Port Moody Market Stats – October 2020

In October there were 87 sales out of a total 127 residential properties listed in Port Moody. The sales-to-active listings ratio is 69.4% for detached homes, 83.9% for townhomes, and 60% for condominiums bringing the average residential property to 68.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,515,600, a 2.1% increase from the previous month and a 8.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.6% compared to the year before, reaching a benchmark price of $648900

The HPI Benchmark price of a condominium sits at $648,100; a 1.1% increase compared to last month and a 2.8% increase from the same time last year.

Maple Ridge Market Stats – October 2020

In October there were 303 sales out of a total 340 residential properties listed in Maple Ridge. The sales-to-active listings ratio is 98.3% for detached homes, 87.4% for townhomes, and 71.3% for condominiums bringing the average residential property to 89.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $884,200, a 1.9% increase from the previous month and a 10% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.6% compared to the year before, reaching a benchmark price of $554,000

The HPI Benchmark price of a condominium sits at $369,000; a 3.1% increase compared to last month and a 5.3% increase from the same time last year.

CategoriesUncategorized

Fraser Valley Market Update – October 2020

According to the Fraser Valley Real Estate Board report (FVREB), there were a total of 4445 listings and home sales in the area totaled 1755 showing a Seller’s Market within the Fraser Valley.

For all residential properties in Fraser Valley the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $727,517. This shows a 6.6% change over a yearly period and a 0.6% increase compared to the previous month.

Surrey Market Stats – October 2020

In October there were 859 sales out of a total 2154 residential properties listed in Surrey. The sales-to-active listings ratio is 40.3% for detached homes, 49.5% for townhomes, and 30.6% for condominiums bringing the average residential property to 39.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,063,134, a 1.3% increase from the previous month and a 8.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.5% compared to the year before, reaching a benchmark price of $584,367

The HPI Benchmark price of a condominium sits at $438,767; a -0.3% decrease compared to last month and a 4.4% increase from the same time last year.

Delta North Market Stats – October 2020

In October there were 85 sales out of a total 212 residential properties listed in Delta North. The sales-to-active listings ratio is 41.1% for detached homes, 46.7% for townhomes, and 30.6% for condominiums bringing the average residential property to 40.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $972,500, a 2.7% increase from the previous month and a 9.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6% compared to the year before, reaching a benchmark price of $580,800

The HPI Benchmark price of a condominium sits at $382,500; a -2.9% decrease compared to last month and a 2.8% increase from the same time last year.

White Rock Market Stats – October 2020

In October there were 310 sales out of a total 1108 residential properties listed in White Rock. The sales-to-active listings ratio is 25.4% for detached homes, 47.9% for townhomes, and 21.5% for condominiums bringing the average residential property to 28% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,443,500, a 2% increase from the previous month and a 9.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.4% compared to the year before, reaching a benchmark price of $678,300

The HPI Benchmark price of a condominium sits at $493,900; a 1.4% increase compared to last month and a 4% increase from the same time last year.

Langley Market Stats – October 2020

In October there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 70.6% for detached homes, 61.7% for townhomes, and 30.9% for condominiums bringing the average residential property to 53.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,090,800, a 1.2% increase from the previous month and a 10.9% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.4% compared to the year before, reaching a benchmark price of $576,400

The HPI Benchmark price of a condominium sits at $397,500; a -1.6% decrease compared to last month and a 5.2% increase from the same time last year.

Mission Market Stats – October 2020

In October there were 83 sales out of a total 147 residential properties listed in Mission. The sales-to-active listings ratio is 54.5% for detached homes, 100% for townhomes, and 31.6% for condominiums bringing the average residential property to 56.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $726,000, a 2% increase from the previous month and a 13.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.3% compared to the year before, reaching a benchmark price of $470,700

The HPI Benchmark price of a condominium sits at $353,300; a 0.4% increase compared to last month and a 3.9% increase from the same time last year.

Abbotsford Market Stats – October 2020

In October there were 358 sales out of a total 767 residential properties listed in Abbotsford. The sales-to-active listings ratio is 52.3% for detached homes, 55.1% for townhomes, and 34.6% for condominiums bringing the average residential property to 46.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $873,600, a 0.6% increase from the previous month and a 11% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.5% compared to the year before, reaching a benchmark price of $476,300

The HPI Benchmark price of a condominium sits at $323,400; a -0.3% decrease compared to last month and a 4.8% increase from the same time last year.

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