The Big Picture
While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the jump in home sales.
“It’s hard to believe that January sales figures came in so strong after such a quiet December, which saw many buyers and sellers delaying major decisions,” Andrew Lis, REBGV’s director of economics and data analytics said. “If sellers don’t step off the sidelines soon, the competition among buyers could tilt the market back into sellers’ territory as the available inventory struggles to keep pace with demand.”
“Our 2024 forecast is calling for a two to three per cent increase in prices by the end of the year, which is largely the result of demand, once again, butting up against too little inventory,” Lis said. “If the January figures are indicative of what the spring market has in store, our forecast may already be off to an overly conservative start. Markets can shift quickly, however, and we’ll watch the February numbers to see if these early signs of strength continue, or whether they’re a blip in the data.”
- Real Estate Board of Greater Vancouver
The Little Picture
Statistics for sub-markets, price bands, and product type can vary significantly. Some sub-bmarkets are seeing a significant increase inactivity so for in the first week of February, while others are continuing to move at a slower pace. For this reason it’s always advisable to get in touch with your Real Estate Advisor to dive into how the market is performing in your area. This is something I love discussing! Reach out to me if you’d like insight on your neighbourhood or the area you’re considering a purchase in ~ 604-315-1840
Welcome to your dream home at Summerwood, in sought after Willoughby Heights. This magnificent 3-bed, 4-bath end unit offers over 2000 sqft of living space, which backs onto a peaceful green belt. Experience the perfect blend of nature's tranquility and urban convenience. Bright kitchen with s/s appliances, spacious island, and family room which opens to your balcony for summer barbecues. The airy design flows beautifully into a large living room with gas fire place, perfect for entertaining. Master bedroom features vaulted ceilings, a generous walk-in closet, and a spa-like en-suite bathroom. Downstairs, enjoy a spacious rec room with full bath, and quiet covered patio. Double garage, ample visitor parking. Come visit the home you've been searching for!
See more details here, or call 604-315-1840
Thesis by Alabaster- Early Access Opportunity
Thesis sits in the heart of Vancouver, squarely between the storied west side and the lively east side. This central location offers seamless convenience—exceptional shopping, dining, green spaces, access to transit, and educational opportunities are all close at hand.
The area surrounding Thesis is alive with newfound energy. Surrounded by the parks, schools, and neighbourhood character that sets the west side apart. Yet the cultural vitality of the east side is equally accessible, with Main Street’s independent boutiques and exceptional dining only minutes away
Partnered with award-winning designers, including architect Taizo Yamamoto and interior design firm Studio Roslyn, Thesis proves that a home is more than four walls—it’s all the elements that make up a connected life.
- Prices start in the upper 600k range
- 1, 2, 3 Bedrooms available + Commercial Spaces
- Estimated completion Fall/Winter 2025
- 15% down deposit structure
- Floor plans and pricing available- pls DM
Pre-Sales in Vancouver are selling incredibly fast, if you or someone you know is interested in early access with priority selection at Thesis, please reach out at 604-315-1840
About this home
Welcome to Kitchener Mews, where urban convenience meets contemporary elegance! This stunning 2 bedroom + loft townhome is nestled in the heart of the vibrant Commercial Drive neighbourhood.
Enjoy vaulted 11 ft ceilings, ample natural light, spacious bedrooms, modern open concept living, Quartz waterfall countertops, high-end appliances, & versatile loft space that can serve as a 3rd bedroom, office or small workout area. Included is an extra large storage locker & secure underground parking. Pets and rentals allowed. Visit the open houses Thursday May 11th 6-8pm, Saturday & Sunday May 13th & 14th from 2-4pm or call for a private viewing. Embrace the lifestyle you've been dreaming of at Kitchener Mews—your new home awaits!
Call Felix for your private showing at 604-315-1840