The PinpointListings.ca Team at REMAX

*NEW! The APRIL 2021 UPDATE is available now. Find out if houses, townhouses, or condos were selling fast! Find out how many listings sold in your neighbourhood! https://www.pinpointlistings.ca/market-reports

First-Time Buyer? TIRED OF MULTIPLE OFFERS? RESERVE YOUR PRESALE UNIT TODAY! No Multiple Offers + Get C$2,000 Closing Credit on ANY 2+Bedroom Purchase of Your Choice for a PRESALE CONDO or TOWNHOUSE DEVELOPMENT THIS MONTH! We would like to offer our clients, a Designer Furniture or a Patio Furnishing Package worth up to $2k at successful closing. We respect your privacy and will never sell your information. Invest in your future now. This gift credit is in addition to any inc...entives already offered by the Developer. Which development project are you interested in? We will you more details about Deposits, Amenities, and Floorplans asap. Promo effective today until our FB advertisement expires. First-come, first-serve only. Please let us know which PRESALE NEW DEVELOPMENT PROJECT you are interested in. (Eg. Central Park, Raphael, North Harbour by Concert, Redbridge in Squamish, Concord Metrotown, CF Richmond Centre, West & The Heights on Austin by Beedie, UBC Conservatory, Azure Southgate, 2 Burrard Place, or others.) Buyer Designated Agency This communication is not intended to induce nor cause breach of any existing agency agreement. Photos are sample furnishings from ads online. https://www.pinpointlistings.ca//buying-pre-sale-property-

Canada’s jobs market has recouped 90 per cent of losses during the pandemic, versus just over 60 per cent in the U.S. https://www.bnnbloomberg.ca/bank-of-canada-keeps-rate-on-ho

ELEMENTARY SCHOOL RANKINGS (*Updated) https://www.walktotransit.ca/elementary-school-ranking-fras

FRASER VALLEY REAL ESTATE BOARD (Recap of 2020) Record-shattering December caps unexpected year in Fraser Valley Real Estate SURREY, BC In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020.... In 2020, sales of the three main residential property types were as follows: 8,176 single-family detached; 5,102 townhouses; and 4,357 apartments. Year-over-year, sales of detached soared by 41.7 per cent compared to 2019; townhome sales increased by 31.2 per cent and sales of apartments increased by 5.9 per cent. President of the FVREB, observes, The pandemic upended everything in 2020 and how the real estate market responded to it was nothing short of remarkable. No one could have anticipated a six-month stretch like we’ve just experienced. Typical seasonal cycles did not apply, how we conduct business had to change to keep the public safe; and most unexpected, has been the unwavering demand for family-sized homes in our region and so far, there is no sign of it slowing down. A total of 31,693 new listings were received by the Board’s MLS in 2020, an increase of 3.7 per cent compared to 2019. As with annual sales, 2020 saw the fourth highest volume of new inventory for the Board in the last decade. For those who have been thinking of selling but have held off due to the pandemic, the industry has mastered how to keep consumers safe using technology and strictly following provincial health guidelines. Ask your REALTOR if now is a prudent time to list because the market currently is favouring sellers. MLS HPI Benchmark Price Activity * Single Family Detached: At $1,079,500, the Benchmark price for an FVREB single-family detached home increased 1.7 per cent compared to November 2020 and increased 13.3 per cent compared to December 2019. * Townhomes: At $576,200, the Benchmark price for an FVREB townhome increased 1.1 per cent compared to November 2020 and increased 6.9 per cent compared to December 2019. * Apartments: At $438,300, the Benchmark price for an FVREB apartment/condo increased 0.6 per cent compared to November 2020 and increased 4.7 per cent compared to December 2019.

GREATER VANCOUVER REAL ESTATE BOARD(Recap of 2020) Metro Vancouver Housing Market shows Resilience in 2020 Strong December activity brought Metro Vancouver’s 2020 home sales total in line with the region’s long-term annual average.... The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018. When the pandemic began in March, the housing market came to a near standstill. We knew, however, that shelter needs don’t go away in times of crisis, they intensify," the REBGV Chair said. The real estate community worked closely with our regulatory bodies and public health officials in the spring to ensure appropriate precautions and protocols were implemented so BC REALTORS could help residents safely meet their housing needs." Home listings on the Multiple Listing Service (MLS) in Metro Vancouver reached 54,305 in 2020. This is a 4.6 per cent increase compared to the 51,918 homes listed in 2019 and a 1.3 per cent increase compared to the 53,614 homes listed in 2018. After adapting to the COVID-19 environment, local home buyer demand and seller supply returned at a steady pace throughout the summer, fall and winter seasons. Shifting housing needs and low interest rates were key drivers of this activity in 2020. Looking ahead, the supply of homes for sale will be a critical factor in determining home price trends in 2021. For all property types, the sales-to-active listings ratio for December 2020 is 36.2 per cent. By property type, the ratio is 35.2 per cent for detached homes, 50.4 per cent for townhomes, and 33.1 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.

Food prices, transit/ferry ticket prices, Fortis gas & property taxes expected to go up! ICBC rates expected to go down! https://www.cbc.ca//what-s-going-to-cost-you-more-and-less

North Vancouver DECEMBER 2020 Edition Real Estate Update https://youtu.be/fRRv27f-0vs Xenia Your North Shore Connection... #remax #northvancouver #pinpointlistings #walktotransit #avsayson #xenia #vancouverrealestate See more

BC Real Estate Association Update