q4 2019 vs q4 2018 detached burnaby&nw · burnaby&nw detached townhome condo burnaby &...

BURNABY&NW

DETACHED

TOWNHOME

CONDO

BURNABY &NEW WEST

UNIT SALES

61 84.8%INVENTORY AT MONTH END

1063 -2%

AVERAGE SALE PRICE

$1,397,400 -3.89%

AVE. DAYS ON MARKET

60 33.4%

UNIT SALES

45 104.5%

UNIT SALES

216 98.2%

INVENTORY AT MONTH END

484 -4%

INVENTORY AT MONTH END

1948 -4%

AVERAGE SALE PRICE

$656,600 -4.32%

AVERAGE SALE PRICE

$723,100 -2.6%

AVE. DAYS ON MARKET

57 19.5%

AVE. DAYS ON MARKET

49 20.0%

Q4 2019

Q4 2019 vs Q4 2018

Q4

v3

Faith’s Exclusive Burnaby & New Westminster Analysis

The residential real estate market is in continuous motion fed by waves of economic and demographic change. A young first-time buyer purchasing

a condo sends a ripple through the market, allowing the seller to now seek a better, perhaps larger condo. That purchase in turn frees another owner to seek out a townhouse, or perhaps a detached house in a totally different community. Then the seller of that home now traditionally moves up to an even more substantial home.

In the aging demographic that now defines much of Metro Vancouver, where nearly a fifth of the population is age 65 or better for the first time in history, the cycle often reverses. The owner of a detached house sells and downsizes to a condominium, and so the cycle begins again.

The policy-induced downturn that entered the Metro Vancouver in 2018 and carried through to the first half of 2019 disrupted that cycle.

The mandatory mortgage stress test froze many first-time and other condominium buyers out of the market. The so-called speculation tax and other measures stalled townhouses and detached house sales. By the end of the first quarter of 2019, residential transactions had plummeted 41% from a year earlier and 77% from the 2016 peak.

The information included in this report is based on residential sales data and statistcal information sourced and compiled from the Real Estate Board of Greater Vancouver’s MLXchange database and the REALTOR Link® website. The information is current as of April 1st, 2019 and is subject to change by the REBGV. Faith Wilson Realty Group Inc., makes no guarantees as to the accuracy of the information provided and is not responsible for changes, errors or omissions to this information.

Opportunities open for downsizing and moving upHowever, the overwhelming demand for movement in the housing market rolled over the policy barriers within months, driving year-end total housing sales 88% higher than in the same period a year earlier.

As we enter 2020, the opportunities for downsizing or moving up in Metro Vancouver have actually improved. Condominium prices are slightly lower which allows more first-time buyers to purchase. A shortage of townhouses has kept prices rising since June, which allows more owners to sell and move up to a detached house. And, despite all the turmoil, the benchmark price of a Greater

Vancouver detached house was the same in December as it was mid-year, allowing owners the option to move up, down or laterally.

If 2019 has proved anything it is that the desire for a home – and the ability for buyers and sellers to move through any market – is a solid and defining thread in the fabric of Metro Vancouver.

Our wish now is for a prosperous and less dramatic new year for all our clients.

Discover YOUR neighbourhood's real estate market activity, trends

& benchmark pricing.

Finding the right home in the right neighbourhood can be a challenge. That is why we have our exclusive Neighbourhood Profiles available for you on our web site. Each profile features:

• Information on the neighbourhood's schools, housing, recreation, shopping, restaurants, transportation and more.

• A summary of CURRENT active listings, arranged by property type and showing the number of units available and the median asking price.

• Up-to-date MLS® HPI Benchmark prices AND price changes from one month to five years - a rich resource to instantly see the price trend of the type of home you are interested in, within your specific neighbourhood.

Visit FaithWilsonGroup.com and find out about Vancouver Westside, Eastside, Downtown, North Vancouver, South Surrey and Richmond neighbourhoods. With more coming soon.


Kathy Wu Nikki Voutsilakos

Mortgage SpecialistRBC Royal Bank

[email protected]

Mortgage SpecialistRBC Royal [email protected]

Welcome our newMortgage Specialists

Preparing for Closing DayYou found your dream home, you made an offer and it was accepted! Now, how prepared are you for closing day? Are all your mortgage documents in order and ready to be signed? Do you have the final distribution of funds lined up to transfer to the seller? Who else needs to be there to help facilitate the transfer of ownership and purchase of your new home? Did you do a walk through to inspect the property and ensure it is in the same condition as what’s specified in the contract? Closing day can be very stressful, but knowing who to work with and how, can help. While general practices may vary, you will work with a number of parties throughout the closing process. These may include:

• Realtors for both you and the seller

• Your lawyer or notary or closing agent

• The seller’s lawyer or notary

• The lender’s representative or your title insurance company

At closing you’ll need to review and sign some legal and financial documents such as the agreement between you and the seller transferring ownership of the property, and

the agreement between you and your lender regarding the terms and conditions of the mortgage. You will also need to pay your closing costs. Some of these costs are either rolled into the principal balance of your new mortgage and some costs are out of pocket. Here are some of the major costs at closing:

• Default (or High Ratio) Mortgage Insurance Premium and PST (where applicable, this might be added onto your mortgage)

• Down Payment

• Legal/Notarial Fees and Disbursements

• Title Insurance

• Land Transfer Tax

• Property Tax/Utility Bill Adjustments

• Upgrades (applicable in new home construction)

Other costs after closing such as furniture, carpeting and appliances amongst many other potential items.

The final document review and signing will usually take place at your lawyer’s or notary’s office, sometimes a few days before closing.

On closing day, your lawyer or notary will handle the following remaining tasks:

• Arrange for delivery of closing funds to the seller’s lawyer

• Registering the transfer and mortgage

• Release keys to you for your new property

Other important information. Bring a bank draft or proof of wire transfer for the amount of your closing balance (the buyer’s statement of adjustments will provide you with the amount). You will also be required to bring two forms of ID and proof of property insurance. You’ll need to review all documents thoroughly and ensure that you understand all the fees, the type of mortgage, interest rate, payment amount and schedule. Are they what you were expecting? If not, then now is the time to confirm and ask questions. It’s your right to fully understand any document before you sign it.

Once you are comfortable with everything that you’ve reviewed with your lawyer or notary, you can sign all of your closing documents and receive your house keys. Congratulations, you are a new home owner!

Kevin Lutz, Regional Manager, Residential Mortgages

Follow Kevin on Twitter @RBCKevinLutz

With British Columbia’s evolving real estate market, both buying and selling a home are very personal decisions. Add buying and selling at the same time, and the process becomes both tricky and stressful, which is more likely in a softer market where selling your home might take longer than expected. The path up the property ladder is different for everyone and whether to buy or sell first depends on your unique circumstances. Add in other factors such as whether you have a mortgage on the property, and whether that mortgage can be ported to the new home. What is the timing of the two property transactions?

Do the two closing dates coordinate, or will you need interim temporary financing should your new possession date be prior to your existing home sale date?

“Buying and selling a home at the same time is no small endeavour and involves extensive research and a clear understanding of all the steps involved,” explains Nicole Wells, vice-president of home equity finance at RBC.

Here are some things to consider before making a move:

Should I Sell First?The upside of selling first is that you will know how much money you have to work with, and it’s also easier to get new financing when you need it. However, if there are delays or challenges finding the right new home for you, you may incur additional rent and storage costs in the interim.

Should I Buy First?In this case, you will have time to plan your move and get your current home ready to sell. However, closing dates on both the purchase and sale may not line up, and if your home doesn’t sell for a while, you’ll be stuck with two mortgages at once, making it a challenge to qualify for the new mortgage and making two payments. An interim financing loan is also a possibility if your existing home is sold but the sale date is after your new home purchase date.

Add a Contract ContingencyWhether you’re buying or selling, try to add a contingency to your purchase contract that lines

up the closing dates to bridge the in-between period. This isn’t always possible, as it depends on the market and whether the buyer/seller is willing to agree to an extended or reduced period of time.

Know the MarketsConsult with a knowledgeable realtor. Research prices in the areas where you’re buying and selling. Does the market favour buyers or sellers? This is the best way to decide which move to make first. As a rule of thumb, you want to sell first in a buyers’ market and do the contrary in one that favours sellers.

Consider Rental RevenueResearch the rental market in your area and calculate the cost versus profit ratio of renting out your home to tenants, rather than selling it. It could be financially advantageous, and real estate could be a great way to diversify your investment portfolio.

Moving on Up: Should You Buy or Sell First?


Q4 - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: Q4 2019

SALES AND BENCHMARK PRICES BY NEIGHBOURHOOD

BENCHMARK PRICE CHANGE (%)

Price Segment ($) New Listings Added Unit Sales

0 – 1,000,000 20 27 135%

1,000,001 – 1,100,000 15 24 160%

1,100,001 – 1,200,000 19 24 126%

1,200,001 – 1,300,000 23 31 135%

1,300,001 – 1,400,000 22 27 123%

1,400,001 – 1,500,000 22 31 141%

1,500,001 – 1,600,000 28 12 43%

1,600,001 – 1,700,000 17 26 153%

1,700,001 – 1,800,000 15 11 73%

1,800,001 – 1,900,000 15 12 80%

1,900,001 – 2,000,000 15 12 80%

2,000,001 – 2,250,000 16 18 113%

2,250,001 – 2,500,000 26 5 19%

2,500,001 – 2,750,000 11 3 27%

2,750,001 – 3,000,000 13 0 0%

3,000,001 + 13 3 23%

TTotals 290 266 92%

LISTING AND SALES ACTIVITY BY PRICE SEGMENT

THE REAL BURNABY & NEW WEST RESULTS: Q4 2019

Sales-to-New-Listings Ratio

DAYS ON MARKET QUARTERLY TREND

SALES PRICE QUARTERLY TREND

Days

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

– Me

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Sales

Price

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Avera

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$1,200,000

$1,350,000

$1,500,000

$1,650,000

$1,800,000

$1,399,000$1,352,500

$1,310,000$1,356,500

$1,409,500

$1,544,740

$1,419,330 $1,439,295$1,490,745 $1,492,433

10

20

30

40

50

60

70

38

2226

34 35

4942 42

4954

2018 2019 Change (%)

Unit Sales (by Quarter)

Q1 Unit Sales 215 144 -33.0%Q2 Unit Sales 253 257 1.6%Q3 Unit Sales 181 250 38.1%Q4 Unit Sales 128 266 107.8%YTD Totals 777 917 17.9%

MLS® Neighbourhood Unit Sales HPI Benchmark Price 3 Months 1 Year

VBNBrentwood Park 4 $1,328,000 2.86 -4.28

Capitol Hill BN 21 $1,340,100 1.79 -4.61

Central BN 2 $1,187,100 5.39 -5.67

Government Road 6 $1,642,300 2.81 -2.73

Montecito 9 $1,396,700 1.97 -4.12

Parkcrest 10 $1,408,700 6.07 -4.28

Simon Fraser Univer. 1 $1,597,800 2.05 -3.68

Sperling-Duthie 6 $1,429,400 2.73 -2.48

Sullivan Heights 2 $1,061,400 4.38 0.16

Vancouver Heights 15 $1,332,300 0.73 -5.02

Westridge BN 2 $1,430,200 3.35 -6.24

Willingdon Heights 11 $1,279,900 6.56 -5.11

Burnaby North 89 $1,389,000 3.27 -4.14

VBSBuckingham Heights 8 $2,239,000 3.46 1.85

Burnaby Hospital 9 $1,438,300 3.05 -1.42

Burnaby Lake 3 $1,309,200 1.61 -3.41

Central Park BS 3 $1,345,000 3.4 -3.05

Deer Lake 2 $2,029,200 0.32 -4.8

Deer Lake Place 2 $1,614,700 3.91 -1.91

Forest Glen BS 5 $1,586,700 1.54 -2.98

Garden Village 3 $1,430,600 4.46 1.5

Greentree Village 3 $1,157,100 11.5 5.55

Highgate 9 $1,238,700 1.4 -6.6

Metrotown 8 $1,646,300 2.2 -7.12

South Slope 23 $1,427,600 2.36 -9.09

Suncrest 4 $1,142,700 3.02 -2.59

Upper Deer Lake 7 $1,634,400 2.18 -2.95

Burnaby South 89 $1,494,500 2.47 -4.79

VBEEast Burnaby 13 $1,068,000 -1.42 0.55

Edmonds BE 7 $1,129,100 -0.48 -5.84

The Crest 5 $1,321,800 -1.27 -0.2

Burnaby East 25 $1,147,500 -1.12 -0.74

VNWConnaught Heights 4 $921,200 -0.08 -5.51

GlenBrooke North 6 $1,011,000 -1.08 0.08

Moody Park 3 $1,051,300 -1.68 0.82

Queens Park 8 $1,288,400 -2.08 -0.39

Queensborough 11 $913,500 -0.38 -11.7

Sapperton 3 $878,100 -1.14 -0.79

The Heights NW 10 $1,036,300 -1.87 -0.8

Uptown NW 4 $860,200 -2.36 -1.46

West End NW 7 $1,091,100 -0.04 -6.89

New Westminster 58 $1,015,000 -1.06 -4.05


DECEMBER - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: DEC 2019



MLS® Neighbourhood Unit Sales HPI Benchmark Price 1 Month 3 Months

VBNBrentwood Park 1 $1,328,000 2.17 2.86

Capitol Hill BN 4 $1,340,100 -0.11 1.79

Central BN 0 $1,187,100 0.78 5.39

Government Road 0 $1,642,300 0.04 2.81

Montecito 2 $1,396,700 0.67 1.97

Parkcrest 6 $1,408,700 1.77 6.07

Simon Fraser Univer. 0 $1,597,800 0.08 2.05

Sperling-Duthie 0 $1,429,400 0.74 2.73


Vancouver Heights 5 $1,332,300 -1.26 0.73

Westridge BN 0 $1,430,200 0.38 3.35

Willingdon Heights 5 $1,279,900 2.17 6.56

Burnaby North 23 $1,389,000 0.60 3.27


Burnaby Hospital 3 $1,438,300 2.43 3.05

Burnaby Lake 1 $1,309,200 -0.27 1.61

Central Park BS 0 $1,345,000 2.15 3.40

Deer Lake 0 $2,029,200 0.14 0.32

Deer Lake Place 0 $1,614,700 3.16 3.91

Forest Glen BS 1 $1,586,700 1.65 1.54

Garden Village 1 $1,430,600 3.11 4.46


Highgate 2 $1,238,700 -1.50 1.40

Metrotown 3 $1,646,300 -1.82 2.20

South Slope 6 $1,427,600 -1.30 2.36

Suncrest 0 $1,142,700 0.50 3.02

Upper Deer Lake 1 $1,634,400 1.75 2.18

Burnaby South 21 $1,494,500 0.56 2.47

VBEEast Burnaby 3 $1,068,000 -1.12 -1.42

Edmonds BE 1 $1,129,100 -1.54 -0.48

The Crest 2 $1,321,800 -0.60 -1.27

Burnaby East 6 $1,147,500 -1.04 -1.12


GlenBrooke North 1 $1,011,000 -0.04 -1.08

Moody Park 0 $1,051,300 -0.62 -1.68

Queens Park 2 $1,288,400 -3.56 -2.08

Queensborough 1 $913,500 0.23 -0.38

Sapperton 1 $878,100 0.04 -1.14

The Heights NW 1 $1,036,300 -0.16 -1.87

Uptown NW 2 $860,200 -1.50 -2.36

West End NW 2 $1,091,100 -2.63 -0.04

New Westminster 11 $1,015,000 -0.86 -1.06


0 – 1,000,000 3 6 200%

1,000,001 – 1,100,000 1 6 600%

1,100,001 – 1,200,000 1 2 200%

1,200,001 – 1,300,000 4 3 75%

1,300,001 – 1,400,000 5 5 100%

1,400,001 – 1,500,000 5 11 220%

1,500,001 – 1,600,000 2 2 100%

1,600,001 – 1,700,000 3 7 233%

1,700,001 – 1,800,000 3 3 100%

1,800,001 – 1,900,000 1 2 200%

1,900,001 – 2,000,000 2 4 200%

2,000,001 – 2,250,000 2 7 350%

2,250,001 – 2,500,000 5 1 20%

2,500,001 – 2,750,000 1 1 100%

2,750,001 – 3,000,000 2 0 0%

3,000,001 + 1 1 100%

Totals 41 61 149%


THE REAL BURNABY & NEW WEST RESULTS: DEC 2019


July 67 86 25.4%August 53 81 49.1%September 56 82 46.4%October 64 115 79.7%November 53 90 70.0%December 33 61 84.8%

Total 326 515 58.3%

2018 2019 CHANGEUNIT SALES (BY MONTH)

SALES PRICE MONTHLY TREND

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Sales

Price

SEPJUL

Days

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etDAYS ON MARKET MONTHLY TREND

OCT NOVAUG

SEPJUL OCT NOV

DEC

DECAUG

$1,100,000

$1,200,000

$1,300,000

$1,400,000

$1,500,000

$1,600,000

$1,700,000

10

20

30

40

50

60

70

$1,349,762$1,398,000

$1,360,000 $1,355,000

$1,427,500$1,483,000

$1,480,072

$1,557,917

$1,454,065 $1,442,521$1,509,530

$1,584,986

3841

2732 30

36

48

56

42

49 51

60


NOVEMBER - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: NOV 2019




VBNBrentwood Park 0 $1,299,700 -0.62 -1.24

Capitol Hill BN 10 $1,341,500 2.01 0.59

Central BN 1 $1,177,900 0.67 2.15

Government Road 3 $1,641,700 1.06 0.64

Montecito 3 $1,387,400 0.84 -0.79

Parkcrest 1 $1,384,200 0.53 0.49

Simon Fraser Univer. 0 $1,596,600 3.45 0.30

Sperling-Duthie 2 $1,418,900 0.90 -0.30

Sullivan Heights 1 $1,045,800 -0.04 -0.64

Vancouver Heights 1 $1,349,300 2.70 0.83

Westridge BN 1 $1,424,900 -0.33 -0.17

Willingdon Heights 3 $1,252,600 -0.45 1.25

Burnaby North 26 $1,380,700 1.06 0.38

VBSBuckingham Heights 4 $2,160,500 -1.41 -0.25

Burnaby Hospital 4 $1,404,200 -0.14 0.75

Burnaby Lake 0 $1,312,700 2.09 0.43

Central Park BS 3 $1,316,800 0.25 1.01

Deer Lake 0 $2,026,300 0.60 0.07

Deer Lake Place 2 $1,565,200 -0.36 0.69

Forest Glen BS 2 $1,561,000 -0.03 -0.10

Garden Village 1 $1,387,400 0.44 1.10


Highgate 5 $1,257,600 -0.11 1.01

Metrotown 3 $1,676,800 2.29 3.46

South Slope 9 $1,446,300 1.42 2.15

Suncrest 2 $1,137,000 1.26 0.82

Upper Deer Lake 3 $1,606,200 0.69 1.54

Burnaby South 39 $1,486,200 0.89 1.25

VBEEast Burnaby 7 $1,080,100 0.82 -0.77

Edmonds BE 3 $1,146,800 0.04 0.78

The Crest 1 $1,329,700 0.16 -1.10

Burnaby East 11 $1,159,600 0.54 -0.54


GlenBrooke North 2 $1,011,400 0.28 -1.67

Moody Park 3 $1,057,800 0.66 -1.60

Queens Park 3 $1,335,900 3.64 3.28

Queensborough 7 $911,400 0.50 -1.18

Sapperton 1 $877,800 0.48 -1.88

The Heights NW 2 $1,038,000 0.37 -2.41

Uptown NW 0 $873,300 0.29 -1.84

West End NW 3 $1,120,600 1.02 1.35

NNew Westminster 22 $1,023,800 0.67 -0.93


0 – 1,000,000 8 13 163%

1,000,001 – 1,100,000 4 6 150%

1,100,001 – 1,200,000 8 11 138%

1,200,001 – 1,300,000 5 15 300%

1,300,001 – 1,400,000 6 14 233%

1,400,001 – 1,500,000 5 10 200%

1,500,001 – 1,600,000 15 5 33%

1,600,001 – 1,700,000 9 7 78%

1,700,001 – 1,800,000 5 5 100%

1,800,001 – 1,900,000 7 4 57%

1,900,001 – 2,000,000 5 1 20%

2,000,001 – 2,250,000 6 7 117%

2,250,001 – 2,500,000 5 1 20%

2,500,001 – 2,750,000 4 1 25%

2,750,001 – 3,000,000 7 0 0%

3,000,001 + 6 1 17%

Totals 105 101 96%


THE REAL BURNABY & NEW WEST RESULTS: NOV 2019


June 73 86 15.1%July 67 86 25.4%August 53 81 49.1%September 56 82 46.4%October 64 110 71.9%November 53 101 90.6%

Total 366 546 49.5%



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JUN OCT NOVAUG

SEPJULJUN OCT NOVAUG

$1,100,000

$1,200,000

$1,300,000

$1,400,000

$1,500,000

$1,600,000

$1,700,000

10

20

30

40

50

60

70

$1,333,500 $1,349,762$1,398,000

$1,360,000 $1,355,000 $1,360,000

$1,429,215$1,480,072

$1,557,917

$1,454,065 $1,442,521 $1,439,947

25

3841

2732 30

4248

56

42

4946


OCTOBER - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: OCT 2019




VBNBrentwood Park 2 $1,307,900 1.30 0.81

Capitol Hill BN 8 $1,315,000 -0.11 -0.85

Central BN 1 $1,170,100 3.88 0.67

Government Road 4 $1,624,500 1.69 -1.09

Montecito 2 $1,375,800 0.44 -1.69

Parkcrest 2 $1,376,900 3.68 -0.15

Simon Fraser Univer. 3 $1,543,500 -1.43 -5.86

Sperling-Duthie 6 $1,406,200 1.06 -0.93


Vancouver Heights 8 $1,313,900 -0.66 -1.17

Westridge BN 3 $1,429,600 3.31 0.00

Willingdon Heights 6 $1,258,300 4.77 1.36

Burnaby North 46 $1,366,200 1.58 -0.53


Burnaby Hospital 2 $1,406,200 0.74 1.07

Burnaby Lake 5 $1,285,800 -0.20 -4.23

Central Park BS 2 $1,313,500 0.98 0.94

Deer Lake 3 $2,014,300 -0.42 0.35

Deer Lake Place 0 $1,570,900 1.08 0.32

Forest Glen BS 2 $1,561,500 -0.07 0.03

Garden Village 1 $1,381,300 0.86 1.27

Greentree Village 0 $1,057,400 1.89 -2.10

Highgate 3 $1,258,900 3.05 0.32

Metrotown 0 $1,639,200 1.76 0.33

South Slope 4 $1,426,100 2.25 -0.95

Suncrest 4 $1,122,800 1.23 -1.36

Upper Deer Lake 3 $1,595,100 -0.28 0.98

Burnaby South 30 $1,473,100 1.00 -0.28

VBEEast Burnaby 4 $1,071,300 -1.12 -2.80

Edmonds BE 2 $1,146,300 1.04 -0.88

The Crest 1 $1,327,600 -0.83 -2.79

Burnaby East 7 $1,153,300 -0.62 -2.42

VNWConnaught Heights 3 $935,600 1.49 -1.70

GlenBrooke North 3 $1,008,500 -1.32 -3.03

Moody Park 1 $1,050,900 -1.72 -3.64

Queens Park 4 $1,288,900 -2.04 -1.20

Queensborough 3 $906,800 -1.11 -3.26

Sapperton 0 $873,600 -1.65 -2.92

The Heights NW 7 $1,034,200 -2.07 -4.01

Uptown NW 0 $870,700 -1.16 -3.63

West End NW 2 $1,109,300 1.63 -1.01

New Westminster 24 $1,017,000 -0.86 -2.76


0 – 1,000,000 10 8 80%

1,000,001 – 1,100,000 9 15 167%

1,100,001 – 1,200,000 11 15 136%

1,200,001 – 1,300,000 13 14 108%

1,300,001 – 1,400,000 10 12 120%

1,400,001 – 1,500,000 12 7 58%

1,500,001 – 1,600,000 9 7 78%

1,600,001 – 1,700,000 7 7 100%

1,700,001 – 1,800,000 8 2 25%

1,800,001 – 1,900,000 6 7 117%

1,900,001 – 2,000,000 7 5 71%

2,000,001 – 2,250,000 6 3 50%

2,250,001 – 2,500,000 18 4 22%

2,500,001 – 2,750,000 7 2 29%

2,750,001 – 3,000,000 4 2 50%

3,000,001 + 6 0 0%

Totals 143 110 77%


THE REAL BURNABY & NEW WEST RESULTS: OCT 2019


May 100 91 -10.8%June 73 86 15.1%July 67 86 25.4%August 53 81 49.1%September 56 80 42.9%October 64 110 71.9%

Total 413 534 28.7%



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MAY JUN

SEP

OCT

OCT

AUG

AUGJULMAY JUN

$1,100,000

$1,200,000

$1,300,000

$1,400,000

$1,500,000

$1,600,000

$1,700,000

10

20

30

40

50

60

70

$1,300,000$1,333,500 $1,349,762

$1,398,000$1,360,000 $1,350,000

$1,450,257 $1,429,215$1,480,072

$1,557,917

$1,454,065 $1,454,866

25 25

3841

2732

43 4248

56

42

51


FAITH’S KEY INSIGHTS:■■ Many are excited about the late-year surge in townhouse sales in Burnaby-New Westminster, with a 114% increase from Q4 2018 but we must keep this in perspective. First, we are comparing with very low sales when only 64 townhouses sold in the last 3 months of 2018. Second, it took an average of 57 days for a townhouse to sell, the slowest pace of any quarter this year. And third, the benchmark townhouse price barely budged, with most Burnaby and New Westminster prices down from both last year and from Q3. Still the year ended with townhouse sales up 12% from a year earlier and a sales-to-new-listing ratio at 87%. We can build on that.

Q4 - TOWNHOUSES



0 – 250,000 0 0 0%

250,001 – 275,000 0 0 0%

275,001 – 300,000 0 0 0%

300,001 – 325,000 0 0 0%

325,001 – 350,000 0 0 0%

350,001 – 375,000 0 0 0%

375,001 – 400,000 1 0 0%

400,001 – 425,000 1 1 100%

425,001 – 450,000 1 4 400%

450,001 – 500,000 2 4 200%

500,001 – 600,000 24 28 117%

600,001 – 700,000 24 26 108%

700,001 – 800,000 42 24 57%

800,001 – 900,000 31 24 77%

900,001 – 1,000,000 11 16 145%

1,000,001 + 20 10 50%

Totals 157 137 87%






Days

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

– Me

dian S

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rice

– Av

erage

Sales

Price

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et

$500,000

$600,000

$700,000

$800,000

$900,000

$707,500 $715,000$697,000 $699,000

$726,000

$729,066 $711,502 $701,371 $705,689$741,127

0

10

20

30

40

50

60

33 34

1916

35

4144

3438

57

2018 2019 Change (%)


Q1 Unit Sales 163 100 -38.7%

Q2 Unit Sales 153 137 -10.6%

Q3 Unit Sales 98 161 64.3%

Q4 Unit Sales 64 137 114.1%

YTD Totals 478 535 11.9%




VBNBrentwood Park 3 $829,900 0.56 0Capitol Hill BN 0 $664,200 0.97 -3.67Central BN 2 $788,600 -0.19 -2.66Forest Hills BN 9 $763,100 -1.26 1.44Government Road 4 $842,200 0.17 -3.49Montecito 4 $601,300 -2.85 1.59Simon Fraser Hills 6 $615,800 -0.92 2.04Simon Fraser Univer. 2 $722,400 -0.27 0.23Sullivan Heights 2 $823,400 -0.37 -0.4Vancouver Heights 2 $783,700 -1.88 -4.84Westridge BN 4 $619,500 -1.76 2.65Willingdon Heights 6 $811,600 0.71 -2.94Burnaby North 44 $724,200 -0.73 -0.04

VBSBurnaby Hospital 1 $760,100 0.37 -2.03Burnaby Lake 2 $832,800 -0.84 -5.61Central Park BS 3 $850,400 0.88 -4.01Forest Glen BS 1 $871,100 0.29 -2.73Greentree Village 2 $801,900 -0.62 -5.16Highgate 7 $551,400 2.49 -6.06Metrotown 16 $711,400 1.24 -3.64Oaklands 3 $1,242,400 -0.42 -3.72South Slope 5 $819,900 0.04 -2.56Burnaby South 40 $762,600 0.73 -3.56

VBEEdmonds BE 11 $537,400 -0.39 -6.58The Crest 10 $943,300 0.63 -6.3Burnaby East 21 $650,000 1.29 -6.65

VNWDowntown NW 2 $625,100 -1.41 -6.37Fraserview NW 5 $804,200 0.7 -4.68GlenBrooke North 3 $543,900 -0.72 -5.75Queensborough 9 $720,100 5.49 -7.4Uptown NW 5 $612,000 -0.29 -1.52New Westminster 24 $723,900 2.51 -5.68


DECEMBER - TOWNHOUSES




0 – 250,000 0 0 0%

250,001 – 275,000 0 0 0%

275,001 – 300,000 0 0 0%

300,001 – 325,000 0 0 0%

325,001 – 350,000 0 0 0%

350,001 – 375,000 0 0 0%

375,001 – 400,000 0 0 0%

400,001 – 425,000 0 0 0%

425,001 – 450,000 0 1 0%

450,001 – 500,000 0 1 0%

500,001 – 600,000 6 10 167%

600,001 – 700,000 4 8 200%

700,001 – 800,000 5 5 100%

800,001 – 900,000 6 10 167%

900,001 – 1,000,000 0 6 0%

1,000,001 + 4 4 100%

Totals 25 45 180%

LISTING AND SALES ACTIVITY BY PRICE SEGMENTSales-to-New-Listings Ratio

THE REAL NEIGHBOURHOOD RESULTS: DEC 2019


Total 171 298 74.3%



– Me

dian S

ales P

rice

– Av

erage

Sales

Price

SEPJUL

Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark


OCT NOVAUG

SEPJUL OCT NOV

DEC

DECAUG

$600,000

$650,000

$700,000

$750,000

$800,000

$850,000

$900,000

$700,000$682,500

$712,500$728,800 $726,000 $720,000

$708,117$693,631

$713,665$741,064

$726,285$756,692

0

10

20

30

40

5060

70

1421 18

28

39 393340 37

52

6357

THE REAL BURNABY & NEW WEST RESULTS: DEC 2019

FAITH’S KEY INSIGHTS:■■ It is like someone threw a ‘buy’ switch in Burnaby-New Westminster because townhouse sales during December leaped to 45 units, up 104% from December 2018. The holiday season is usually a slow month so the surge caught sellers by surprise. Just 25 new listings were added in the month. Both sellers and buyers were rewarded: the former because the sales-to-new-listing ratio was 180%; the latter because benchmark prices remained virtually unchanged from three months earlier in Burnaby North ($724,200), Burnaby South ($762,600) and Burnaby East ($650,000). New Westminster ended the year with a townhouse price of $723,900, up 2.5% from three months ago. I believe most will be also surprised at the market strength heading into 2020.


VBNBrentwood Park 0 $829,900 0.38 0.56

Capitol Hill BN 0 $664,200 1.88 0.97

Central BN 1 $788,600 0.91 -0.19

Forest Hills BN 4 $763,100 -0.54 -1.26

Government Road 2 $842,200 -0.07 0.17

Montecito 1 $601,300 -1.35 -2.85

Simon Fraser Hills 2 $615,800 -1.44 -0.92

Simon Fraser 2 $722,400 0.04 -0.27

Sullivan Heights 0 $823,400 0.41 -0.37

Vancouver Heights 1 $783,700 -2.97 -1.88

Westridge BN 2 $619,500 -1.65 -1.76

Willingdon Heights 2 $811,600 -1.05 0.71

Burnaby North 17 $724,200 -0.59 -0.73

VBSBurnaby Hospital 1 $760,100 -1.99 0.37

Burnaby Lake 0 $832,800 -3.91 -0.84

Central Park BS 1 $850,400 -1.01 0.88

Forest Glen BS 0 $871,100 -1.01 0.29

Greentree Village 1 $801,900 -0.86 -0.62

Highgate 2 $551,400 -0.19 2.49

Metrotown 5 $711,400 -0.22 1.24

Oaklands 1 $1,242,400 -1.98 -0.42

South Slope 2 $819,900 -0.40 0.04

Burnaby South 13 $762,600 -0.91 0.73

VBEEdmonds BE 1 $537,400 -0.32 1.29

The Crest 4 $943,300 -3.75 -0.39

Burnaby East 5 $650,000 -1.32 0.63

VNWDowntown NW 1 $625,100 -4.58 -1.41

Fraserview NW 2 $804,200 -2.65 0.70

GlenBrooke North 0 $543,900 -2.35 -0.72

Queensborough 3 $720,100 -1.28 5.49

Uptown NW 2 $612,000 0.54 -0.29

New Westminster 8 $723,900 -1.56 2.51


NOVEMBER - TOWNHOUSES




0 – 250,000 0 0 0%

250,001 – 275,000 0 0 0%

275,001 – 300,000 0 0 0%

300,001 – 325,000 0 0 0%

325,001 – 350,000 0 0 0%

350,001 – 375,000 0 0 0%

375,001 – 400,000 0 0 0%

400,001 – 425,000 1 1 100%

425,001 – 450,000 0 2 0%

450,001 – 500,000 1 1 100%

500,001 – 600,000 9 10 111%

600,001 – 700,000 5 10 200%

700,001 – 800,000 13 11 85%

800,001 – 900,000 12 6 50%

900,001 – 1,000,000 2 3 150%

1,000,001 + 5 2 40%

Totals 48 46 96%


THE REAL NEIGHBOURHOOD RESULTS: NOV 2019

June 47 51 8.5%July 32 49 53.1%August 34 60 76.6%September 32 52 62.5%October 30 45 50.0%November 21 46 119.0%

Total 196 303 54.6%



– Me

dian S

ales P

rice

– Av

erage

Sales

Price

SEPJUL

Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark


JUN OCT NOVAUG

SEPJULJUN OCT NOVAUG

$600,000

$650,000

$700,000

$750,000

$800,000

$850,000

$900,000

0

10

20

30

40

50

60

$657,500

$700,000$682,500

$712,500$728,800

$692,500$680,822

$708,117$693,631

$713,665$741,064

$709,759

21

14

2118

28

3934 3340

37

52

60

THE REAL BURNABY & NEW WEST RESULTS: NOV 2019

FAITH’S KEY INSIGHTS:■■ The record-setting sales of detached houses in Burnaby-New Westminster is not only symbolic of the general recovery being seen across Metro Vancouver it has an impact on the local townhouse market. At 46 townhouse transactions, November townhouse sales were 119% higher than in November 2019 but were less than half the 101 detached house sales in the region, and townhouses sold for a benchmark in the $730,000 range, or from 30% to 50% less than detached houses, depending on the neighbourhood. The two markets are mingled: more townhouse sales allow growing families to upsize to a house; more detached sales allow empty nesters to downsize to a townhouse. Burnaby-New Westminster is now a seller’s market with each sector supporting the other.


VBNBrentwood Park 1 $826,700 -1.95 -0.03

Capitol Hill BN 0 $652,000 -2.00 -1.57

Central BN 0 $781,500 -2.40 -1.86

Forest Hills BN 2 $767,200 0.66 1.13

Government Road 1 $842,800 -0.59 -0.28

Montecito 1 $609,500 2.25 1.49

Simon Fraser Hills 4 $624,800 2.29 2.37

Simon Fraser 0 $722,100 1.73 0.66

Sullivan Heights 0 $820,100 1.95 0.82

Vancouver Heights 1 $807,700 0.84 2.58

Westridge BN 1 $629,900 1.34 1.91

Willingdon Heights 2 $820,200 0.67 2.50

Burnaby North 13 $728,500 0.63 0.97

VBSBurnaby Hospital 0 $775,600 1.25 -1.04

Burnaby Lake 2 $866,700 -0.70 2.23

Central Park BS 2 $859,100 -1.94 0.47

Forest Glen BS 0 $880,000 -2.12 -0.18

Greentree Village 1 $808,900 0.24 -0.34

Highgate 3 $552,400 1.27 2.29

Metrotown 3 $713,000 -2.20 -1.35

Oaklands 1 $1,267,500 0.07 1.91

South Slope 1 $823,200 -2.38 -1.85

Burnaby South 13 $769,600 -0.90 0.34

VBEEdmonds BE 7 $539,200 0.73 1.80

The Crest 1 $980,000 2.47 3.82

Burnaby East 8 $658,700 0.87 2.14

VNWDowntown NW 1 655,100 0.44 2.07

Fraserview NW 3 826,100 0.07 2.39

GlenBrooke North 2 557,000 -3.77 0.71

Queensborough 3 729,500 3.96 5.71

Uptown NW 0 608,700 -1.00 -0.40

New Westminster 9 735,400 1.47 3.14


OCTOBER - TOWNHOUSES




0 – 250,000 0 0 0%

250,001 – 275,000 0 0 0%

275,001 – 300,000 0 0 0%

300,001 – 325,000 0 0 0%

325,001 – 350,000 0 0 0%

350,001 – 375,000 0 0 0%

375,001 – 400,000 1 1 100%

400,001 – 425,000 0 0 0%

425,001 – 450,000 0 0 0%

450,001 – 500,000 1 1 100%

500,001 – 600,000 10 11 110%

600,001 – 700,000 15 12 80%

700,001 – 800,000 24 14 58%

800,001 – 900,000 13 9 69%

900,001 – 1,000,000 10 6 60%

1,000,001 + 10 4 40%

Totals 84 58 69%


THE REAL NEIGHBOURHOOD RESULTS: OCT 2019

May 47 36 -23.5%June 47 51 8.5%July 32 49 53.1%August 34 60 76.6%September 32 52 62.5%October 30 58 93.3%

Total 222 306 9.8%



– Me

dian S

ales P

rice

– Av

erage

Sales

Price

SEPJUL

Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark


MAY JUN

SEP

OCT

OCT

AUG

AUGJULMAY JUN

$600,000

$650,000

$700,000

$750,000

$800,000

$850,000

$900,000

0

10

20

30

40

50

60

$725,000

$657,500

$700,000$682,500

$712,500$732,900

$733,147

$680,822$708,117

$693,631$713,665

$749,231

29

21

14

2118

22

41

34 3340

37

49

THE REAL BURNABY & NEW WEST RESULTS: OCT 2019

FAITH’S KEY INSIGHTS:■■ In the biggest year-over-year increase in townhouse sales across Greater Vancouver, which is seeing a broad-based resurgence in residential transactions, sales in Burnaby-New Westminster increased 93% compared to October 2018 as buyers closed on 58 townhouses in the month. So far this year townhouse transactions in Burnaby-New Westminster are up 9.8% from 2018, blowing past forecasts of a continued slump. Instead, local sales have been increasing year-over-year since early summer. And prices are following suit. In June, when the rally began, the raw average price of a townhouse in this region was $680,888. In October it was $749,231. The more precise benchmark price is up about 2% from six months ago in Burnaby and virtually unchanged in New Westminster, at $724,800.



Capitol Hill BN 0 $665,300 1.13 0.28

Central BN 2 $800,700 1.35 1.42

Forest Hills BN 6 $762,200 -1.37 -0.11

Government Road 1 $847,800 0.84 1.44

Montecito 1 $596,100 -3.69 -0.86


Simon Fraser 0 $709,800 -2.01 -1.85

Sullivan Heights 2 $804,400 -2.67 -2.60

Vancouver Heights 0 $801,000 0.28 -0.90

Westridge BN 0 $621,600 -1.43 0.94


Burnaby North 15 $723,900 -0.77 0.11

VBSBurnaby Hospital 1 $766,000 1.15 2.56

Burnaby Lake 1 $872,800 3.93 3.62

Central Park BS 0 $876,100 3.92 2.68

Forest Glen BS 1 $899,000 3.51 2.27

Greentree Village 0 $806,900 0.00 -0.34

Highgate 4 $545,500 1.39 1.92

Metrotown 7 $729,100 3.75 2.29

Oaklands 1 $1,266,600 1.52 -0.17

South Slope 2 $843,200 2.88 1.88

Burnaby South 13 $776,600 2.57 2.10

VBEEdmonds BE 3 $535,200 0.88 0.64

The Crest 4 $956,400 1.00 0.67

Burnaby East 7 $653,000 1.09 0.71

VNWDowntown NW 1 $652,200 2.86 2.39

Fraserview NW 1 $825,500 3.37 3.44

GlenBrooke North 1 $578,900 5.66 3.96

Queensborough 5 $701,700 2.78 0.31

Uptown NW 4 $614,800 0.18 2.19

New Westminster 16 $724,800 2.63 1.53


FAITH’S KEY INSIGHTS:■■ Condo sales in Burnaby-New Westminster started slow in 2019 but ended running away from the skeptics, with 782 transactions in Q4, the highest of any quarter this year and up 99% from Q4 2018. Metrotown led with 174 sales, followed closely by Brentwood Park, at 130. There were 292 sales in Burnaby at a benchmark of $652,000. New Westminster posted 227 sales and saw condo prices inch up from Q3 to $508,500. With a final sales-to-new-listing ratio of 105%, this was a grand year-end performance.




VBNBrentwood Park 130 $750,100 2.39 -1.31

Capitol Hill BN 4 $408,500 2.06 -5.95

Cariboo 8 $430,800 1.52 -4.46

Central BN 8 $470,000 3.61 -7.22

Government Road 21 $476,900 3.15 -4.58


Simon Fraser Univer. 19 $621,000 -2.54 -4.53



Willingdon Heights 5 $541,800 0.33 -5.63

Burnaby North 227 $598,500 1.19 -3.33

VBSBurnaby Hospital 1 $610,400 4.09 -3.34

Central Park BS 22 $687,500 1.16 -1.19

Forest Glen BS 15 $731,800 1.22 -0.18

Highgate 48 $604,900 -1.51 0

Metrotown 174 $633,300 -0.62 -9.03

Oaklands 2 $644,200 2.69 -6.96

South Slope 30 $694,500 -0.72 -3.51

Burnaby South 292 $652,000 -0.38 -4.9

VBEEdmonds BE 27 $715,000 0.15 -7.17

Burnaby East 27 $715,000 0.15 -7.17

VNWDowntown NW 58 $491,800 -1.78 -3.61

Fraserview NW 35 $593,500 0.62 -6.21

GlenBrooke North 6 $508,200 1 -6.74

Quay 39 $636,300 -1.56 -0.94

Queens Park 1 $570,000 -0.18 -6.41

Queensborough 18 $640,800 1.4 0.03Sapperton 13 $423,200 0.35 -5.62

The Heights NW 3 $484,800 -1.49 -5.75

Uptown NW 53 $446,000 0.53 -13.28

West End NW 1 $313,900 2.02 -4.52

New Westminster 227 $508,500 -0.48 -6.55

Q4 - APARTMENTS /CONDOS



0 – 250,000 0 5 0%

250,001 – 275,000 1 2 200%

275,001 – 300,000 3 4 133%

300,001 – 325,000 4 8 200%

325,001 – 350,000 14 19 136%

350,001 – 375,000 15 15 100%

375,001 – 400,000 25 32 128%

400,001 – 425,000 24 43 179%

425,001 – 450,000 36 39 108%

450,001 – 500,000 100 100 100%

500,001 – 600,000 174 209 120%

600,001 – 700,000 131 124 95%

700,000 – 800,000 91 105 115%

800,001 – 900,000 55 40 73%

900,001 – 1,000,000 37 21 57%

1,000,001 + 38 16 42%

Totals 748 782 105%






Days

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019

– Me

dian S

ales P

rice

– Av

erage

Sales

Price

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et

10

20

30

40

50

60

70

25 25 2328 30

34

4136

42 44

$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

$700,000

$515,000$542,000 $542,000 $547,000

$563,000$557,364 $555,678

$570,075 $570,195$588,434

2018 2019 Change (%)


Q1 Unit Sales 676 523 -22.6%

Q2 Unit Sales 764 656 -14.3%

Q3 Unit Sales 561 745 32.8%

Q4 Unit Sales 393 782 99.0%

YTD Totals 2394 2706 13.0%


DECEMBER - APARTMENTS /CONDOS

THE REAL NEIGHBOURHOOD RESULTS: DEC 2019THE REAL BURNABY & NEW WEST RESULTS: DEC 2019


0 – 250,000 0 2 0%

250,001 – 275,000 0 1 0%

275,001 – 300,000 0 1 0%

300,001 – 325,000 0 3 0%

325,001 – 350,000 3 5 167%

350,001 – 375,000 3 3 100%

375,001 – 400,000 6 5 83%

400,001 – 425,000 5 10 200%

425,001 – 450,000 7 12 171%

450,001 – 500,000 10 21 210%

500,001 – 600,000 31 58 187%

600,001 – 700,000 28 37 132%

700,000 – 800,000 18 35 194%

800,001 – 900,000 16 14 88%

900,001 – 1,000,000 8 7 88%

1,000,001 + 6 2 33%

Totals 141 216 153%

LISTING AND SALES ACTIVITY BY PRICE SEGMENTSales-to-New- Listings Ratio

SALES PRICE MONTHLY TREND SALES AND BENCHMARK PRICES BY NEIGHBOURHOOD




Capitol Hill BN 1 $408,500 -1.74 2.06

Cariboo 0 $430,800 0.88 1.52

Central BN 3 $470,000 -2.92 3.61

Government Road 7 $476,900 1.64 3.15

Simon Fraser Hills 0 $395,000 1.94 -0.75

Simon Fraser Univer. 5 $621,000 1.48 -2.54


Vancouver Heights 1 $618,600 -0.56 1.73

Willingdon Heights 3 $541,800 -2.91 0.33

Burnaby North 62 $598,500 0.43 1.19

VBSBurnaby Hospital 1 $610,400 -2.27 4.09

Central Park BS 5 $687,500 3.02 1.16

Forest Glen BS 5 $731,800 2.81 1.22

Highgate 18 $604,900 3.94 -1.51

Metrotown 48 $633,300 -1.20 -0.62

Oaklands 0 $644,200 -1.38 2.69

South Slope 11 $694,500 -0.08 -0.72

Burnaby South 88 $652,000 0.73 -0.38

VBEEdmonds BE 8 $715,000 -0.44 0.15

Burnaby East 8 $715,000 -0.44 0.15

VNWDowntown NW 18 $491,800 0.59 -1.78

Fraserview NW 7 $593,500 -0.64 0.62

GlenBrooke North 2 $508,200 -0.76 1.00

Quay 10 $636,300 1.61 -1.56

Queens Park 0 $570,000 -1.40 -0.18

Queensborough 4 $640,800 1.51 1.40

Sapperton 1 $423,200 0.79 0.35

The Heights NW 3 $484,800 0.00 -1.49

Uptown NW 13 $446,000 -0.87 0.53

West End NW 0 $313,900 0.55 2.02

New Westminster 58 $508,500 0.17 -0.48

FAITH’S KEY INSIGHTS:■■ Steady. Stable. Welcomed. That sums up the December performance of the condominium market in Burnaby-New Westminster as sales nearly doubled from the pace of December of last year to 216 transactions. This was a continuation of year-over-year sale increases seen in the region since July but in reality, the action is returning to normal after a slow performance in 2018. Prices also settled into a balancing act, rising less than 1% from November and nearly unchanged from three months earlier, even as the sales-to-new-listing ratio hit 153%,


Total 983 1527 55.3%



– Me

dian S

ales P

rice

– Av

erage

Sales

Price

SEPJUL

Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark


OCT NOVAUG

SEPJUL OCT NOV

DEC

DECAUG0

10

20

30

40

50

60

$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

$550,000 $542,000 $547,650 $553,500 $555,000$580,000

$578,148$565,868 $567,664

$580,575 $584,336$598,622

2630 30

2530

36

39 4046

38

47 49


NOVEMBER - APARTMENTS /CONDOS

THE REAL NEIGHBOURHOOD RESULTS: NOV 2019THE REAL BURNABY & NEW WEST RESULTS: NOV 2019


0 – 250,000 0 1 0%

250,001 – 275,000 0 0 0%

275,001 – 300,000 0 2 0%

300,001 – 325,000 1 0 0%

325,001 – 350,000 5 9 180%

350,001 – 375,000 6 7 117%

375,001 – 400,000 7 13 186%

400,001 – 425,000 8 18 225%

425,001 – 450,000 7 11 157%

450,001 – 500,000 37 51 138%

500,001 – 600,000 49 74 151%

600,001 – 700,000 43 47 109%

700,000 – 800,000 36 36 100%

800,001 – 900,000 18 15 83%

900,001 – 1,000,000 10 4 40%

1,000,001 + 12 9 75%

Totals 239 297 124%






Capitol Hill BN 2 $415,700 2.19 3.15

Cariboo 4 $427,000 0.11 -0.95

Central BN 1 $484,100 4.00 3.73

Government Road 6 $469,200 -0.14 -1.51

Simon Fraser Hills 0 $387,500 0.73 -4.19



Vancouver Heights 2 $622,100 1.88 2.68


Burnaby North 86 $595,900 0.95 -0.97

VBSBurnaby Hospital 0 $624,500 5.21 2.68

Central Park BS 12 $667,300 1.65 0.22

Forest Glen BS 5 $711,800 3.37 -0.22

Highgate 15 $581,900 -1.77 -3.79

Metrotown 68 $641,000 0.08 1.53

Oaklands 1 $653,100 2.52 0.88

South Slope 7 $695,000 0.50 -1.05

Burnaby South 108 $647,300 0.31 -0.19

VBEEdmonds BE 12 $718,100 0.95 2.49

Burnaby East 12 $718,100 0.95 2.49

VNWDowntown NW 19 $488,900 -2.18 -0.12

Fraserview NW 14 $597,400 1.08 3.02

GlenBrooke North 2 $512,100 0.61 2.17

Quay 14 $626,200 -0.39 -1.06

Queens Park 0 $578,100 1.24 2.88

Queensborough 8 $631,300 0.07 0.71

Sapperton 10 $419,900 0.50 0.90

The Heights NW 2 $484,800 -0.68 -3.30

Uptown NW 18 $449,900 1.52 -0.10

West End NW 1 $312,200 -1.06 2.69

New Westminster 88 $507,600 -0.10 0.21

FAITH’S KEY INSIGHTS:■■ November’s sales-to-new-listing ratio for condo apartment sales reached a staggering 124% in Burnaby-New Westminster, creating a robust a market with sales up 93% from November 2018. The recovery is truly underway as local condo sales have been rising month-over-month since May, with November’s 297 sales the highest in two years. It still takes a median of 27 days for a condo listing to sell and prices remain stable, rising less than 1% from a month earlier. This is not a boom, but a balanced and healthy condo market.

June 241 230 -5.4%July 214 231 7.9%August 168 252 50.0%September 173 262 50.3%October 165 284 72.2%November 154 297 92.9%

Total 1115 1556 39.6%



– Me

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Sales

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JUN OCT NOVAUG

SEPJULJUN OCT NOVAUG0

10

20

30

40

50

60

$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

$530,000$550,000 $542,000 $547,650 $553,500 $555,000

$564,521$578,148

$565,868 $567,664$580,575 $584,336

25 2630 30

25 27

3639 40

46

3841


OCTOBER - APARTMENTS /CONDOS

THE REAL NEIGHBOURHOOD RESULTS: OCT 2019THE REAL BURNABY & NEW WEST RESULTS: OCT 2019


0 – 250,000 0 2 0%

250,001 – 275,000 1 1 100%

275,001 – 300,000 2 2 100%

300,001 – 325,000 3 4 133%

325,001 – 350,000 4 5 125%

350,001 – 375,000 8 5 63%

375,001 – 400,000 12 20 167%

400,001 – 425,000 11 20 182%

425,001 – 450,000 22 21 95%

450,001 – 500,000 51 36 71%

500,001 – 600,000 93 82 88%

600,001 – 700,000 59 47 80%

700,000 – 800,000 37 23 62%

800,001 – 900,000 23 12 52%

900,001 – 1,000,000 18 6 33%

1,000,001 + 20 8 40%

Totals 364 294 81%





VBNBrentwood Park 45 $739,800 0.99 -1.76

Capitol Hill BN 1 $406,800 1.65 0.45

Cariboo 5 $426,600 0.52 -3.17

Central BN 3 $465,500 2.62 0.04

Government Road 7 $469,900 1.63 -3.87





Willingdon Heights 0 $542,800 0.51 -1.49

Burnaby North 88 $590,300 -0.20 -3.15

VBSurnaby Hospital 0 $593,600 1.23 -2.10

Central Park BS 5 $656,500 -3.41 -3.89

Forest Glen BS 7 $688,600 -4.75 -4.33

Highgate 16 $592,400 -3.54 -2.18

Metrotown 58 $640,500 0.51 0.94

Oaklands 1 $637,100 1.56 -1.47

South Slope 8 $691,600 -1.13 -2.96

Burnaby South 95 $645,300 -1.41 -1.26

VBEEdmonds BE 9 $711,300 -0.37 -1.37

Burnaby East 9 $711,300 -0.37 -1.37

VNWDowntown NW 18 $499,800 -0.18 -0.51

Fraserview NW 18 $591,000 0.18 -1.42

GlenBrooke North 5 $509,000 1.16 -0.98

Quay 21 $628,700 -2.74 -3.74

Queens Park 1 $571,000 0.00 -1.08

Queensborough 6 $630,800 -0.17 1.60

Sapperton 6 $417,800 -0.94 -0.40

The Heights NW 0 $488,100 -0.82 -4.43

Uptown NW 23 $443,200 -0.11 -1.19

West End NW 0 $315,500 2.55 -0.04

New Westminster 98 $508,100 -0.55 -1.37

FAITH’S KEY INSIGHTS:■■ Wow, what a wild October in Burnaby-New Westminster. Condominium sales surged 81% above the level in October 2018 to a two-year high of 294 and, with 364 listings added, the sales-to-new-listing ratio reached a staggering 81%. Yet condo prices remained stable with 60 selling for less than $425,000. Benchmark prices were virtually unchanged (plus or minus 1%) in New Westminster at $508,900; $590,300 in Burnaby North; $645,300 in Burnaby South; and $711,300 in East Burnaby. This is seller’s market with prime opportunities for buyers.

May 255 209 -18.0%June 241 230 -5.4%July 214 231 7.9%August 168 252 50.0%September 173 260 50.3%October 165 294 78.2%

Total 1216 1476 21.2%



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MAY JUN

SEP

OCT

OCT

AUG

AUGJULMAY JUN

0

10

20

30

40

50

60

$400,000

$450,000

$500,000

$550,000

$600,000

$650,000

$542,000$530,000

$550,000 $542,000 $547,650 $539,000

$554,226 $564,521$578,148

$565,868 $567,664 $573,508

2225 26

30 30 28

3236

39 4046 44

&A MARKETING RELATIONSHIP THAT IS TERRIFIC FOR OUR CLIENTS.

Faith and Our Family of Individual Agents

As a homeowner in Vancouver looking to sell in today’s market, you owe it to yourself to consider the benefits of the formidable alliance of the Faith Wilson Group’s outstanding and award-winning 25 year track record with the “7 Core Values” of Christie’s International Real Estate. Pair Faith Wilson Group’s culture of outstanding client experiences, impeccable integrity, industry-leading marketing, deeper local & enormous worldwide reach and stellar reputation for honest, forthright client focused advice with Christie’s worldwide network of top realtors and worldwide media, and your real estate future is in good hands.As the #1 Listing Agent for 6 Years in a Row through 2017 on Vancouver’s ultracompetitive Westside, Faith Wilson groups marketing reputation and execution has taken an enormous step forward with the Christie’s affiliation. In fact, in the first full year of this relationship, Faith Wilson earned the distinction as TOP AGENT for Vancouver Westside for Combined Listing and Buyer Transactions in 2018!When looking to sell your home in today’s market, be it an entry-level condo or a magnificent mansion, you are really looking for a marketer to create and communicate the uniqueness and value of your home and, thereby, attract the relevant buyers who are in the market now… both locally and globally.With its proven marketing expertise and local knowledge, Faith Wilson Group in combination with Christie’s International Real Estate is the smart choice for the best results for you and your family.

Drop by our new office at 1838 W 1st Ave. Vancouveror Call for an appointment to 604.224.5277

*For 2012, 2013, 2014, 2015, 2016 & 2017 Faith Wilson has been the Top Agent by Units of Listing Ends in the District of VVW (Vancouver West). Certified by IMS Incorporated.

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