Q2 2018 VS. Q2 2017 DETACHED BURNABY&NW...• Remember that you only need to qualify at the higher...

Q2

BURNABY&NW

DETACHED

TOWNHOME

CONDO

Apr, May, June & Q2 2018BURNABY &NEW WEST

UNIT SALES

209 25%TOTAL ACTIVE LISTINGS

575 0.1%

AVERAGE SALE PRICE

$1,577,041 3.3%

AVE. DAYS ON MARKET

30 0.3%

UNIT SALES

161 7%

UNIT SALES

666 16%

TOTAL ACTIVE LISTINGS

194 9.7%

TOTAL ACTIVE LISTINGS

869 18.4%

AVERAGE SALE PRICE

$593,187 12%

AVERAGE SALE PRICE

$763,358 8.5%

AVE. DAYS ON MARKET

18 0%

AVE. DAYS ON MARKET

17 6%

Q2 2018 VS. Q2 2017

PAGE 2Faith’s Exclusive Burnaby & New Westminster Analysis

Right now, mid-year of the third year of the most dramatic expansion of the Metro Vancouver housing market in history, is a challenging time for both buyers and sellers.

In the past three years the benchmark home price

has increased 63%. If this wasn’t enough of a barrier to buyers, since the first of the year the federal government has introduced stringent mortgage regulations, including the infamous stress test, and mortgage rates have increased. Foreign homebuyers are now subject to a 20% tax on their purchase, the highest rate in the world outside of Asia.

Home sellers, as a result, have seen sales fall nearly 30% below the 10-year average.

The media and most pundits are referring to a “housing crisis” with some calling for even more extreme measures to curb housing demand.

So, let’s inject some reality into the discussion.

In the past six months, approximately 23,300 homes have sold through the Multiple Listing Service in Greater Vancouver and the Fraser Valley at an overall benchmark price approaching $800,000. In June alone, on average, 129 homes sold every day.

Hundreds of people continue to buy homes and will continue to do so. The majority are not speculators or foreign investors: they are local families, first-time buyers and downsizers who simply need a home and recognize the inherent advantages of homeownership.

But there is no arguing that both buyers and sellers need, more than ever, to be working with a real estate agency with long experience, deep market knowledge and a proven record of performance and service.

Faith Wilson Group has been awarded the Real Estate Board of Greater Vancouver

Lifetime Achievement Award, an honour that recognizes outstanding sales performance but also a consistent commitment to fair dealing and client service during more than two decades in the industry. We have always provided our exclusive Peace of Mind Guarantee for both Buyers and Sellers through the many real estate cycles this market has experienced. We stand behind this guarantee because we believe that is the only way to treat each and every client, whether they are buying their first condo or a legacy estate for their family. And despite market conditions.

Challenging times beget opportunity, often life-changing opportunities. Today is no

exception. There is a now a tremendous inventory of homes available in every price range and neighbourhood. There are also a huge number of people aspiring to own a home, including the estimated 40,000 people moving into Metro Vancouver each year.

Stick with your plan, have faith in your dream and work with the people who will help you achieve it.

Warmest Reguards,

Now is when working with a true professional pays off

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 March 1st, 2018 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.

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.

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


Resurging confidence in the Canadian economy and employment are boosting home buying intentions to the highest levels since 2010, despite the Federal Government’s new mortgage “stress test.” According to the Annual RBC Home Ownership Poll, 32% of Canadians are very or somewhat likely to buy a home in the next two years, up seven percentage points from last year. In BC, the numbers are higher, with 36% intending to purchase. That’s an 11% increase from 2017. The new guidelines are however impacting purchase decisions, including making higher down payments, delaying home purchases or buying a less expensive, smaller home or moving to a less expensive location. As intentions to buy continues to climb in Canada, just over one one-third of Canadians indicated they had received or would be receiving financial assistance from their family for a down payment, while almost an equal number plan to do it on their own with a dedicated savings account.

Biggest challenge: Finding the right property The top two home buying challenges buyers face are choosing the right property and deciding how much they can afford. For most, this journey begins online, and home owners

revealed they spent an average of five weeks searching online for their current home. In fact, nearly one-in-10 millennials said they would purchase a home without ever physically seeing it. Overall, Canadians value being able to “visit” a home virtually, with almost half saying they looked at photos/videos of prospective homes online. Finally, to help determine costs and affordability, 39% of home owners took valuations of neighboring homes into account, and 36% used affordability calculators.

Millennials are feeling more confident about jobs, economy – and home purchase intentions Millennials (ages 18-34) express the strongest of those with home buying intentions (50%), according to the annual RBC Home Ownership Poll. Compared to 2017, more millennials now believe that a home purchase is a good investment. In fact, 84% responded it’s a “very good or good investment” vs. 79% in 2017. Millennials are also feeling less anxiety about employment (36% vs. 47% in 2017)

Interest rates driving home buying intentions Sixty one percent of Canadians are very or somewhat concerned about interest rate

increases – a jump of almost 10% from last year. Over one-third are thinking about buying a home sooner because of current low interest rates, while another one-third are also thinking of doing so because of a potential increase in interest rates.

Future proof your financial life. Do your own stress test. While optimism about the job market and the economy has increased, it can also lead us to feel overly optimistic about what we can afford. Your home is more than just a place to live. It is a big investment that can impact your plans to retire, your ability to afford an education for your child or it can make things tight on a monthly basis. Whether you’re buying your first home or helping your children buy their first home, it’s important to meet with an expert to get a better idea of what impact that will have on your long term savings plan.

Canadians Reveal Highest Home Purchase Intent in Eight Years

Kathy Wu Nikki Voutsilakos

Mortgage SpecialistRBC Royal Bank

[email protected]

Mortgage SpecialistRBC Royal [email protected]

Stress Test Need Not Stall Move-Up PlansBob and Jean have owned their Burnaby bungalow for seven years and planned to move up to a larger house as the children became older. With a good credit rating, a stable household income and 40% worth of equity in a house assessed at $1.5 million, the couple were surprised when they went to their bank for a pre-approved mortgage for their move-up purchase.

Since the new mortgage stress test was introduced on January 1, the couple found that they could not qualify for the quality of home they really wanted.

The Office of the Superintendent of Financial Institutions mortgage stress test requires that buyers with more than a 20 per cent down payment must qualify at Bank of Canada’s 5 year benchmark rate, which is currently set at 5.34%, or at the current contracted rate plus 2% whichever is higher.

For Bob and Jean this meant that, despite never being late with a mortgage payment and willing to put down a substantial down payment, their purchasing power was

reduced by about 20%. Planning to move up to a larger house worth $1.8 million to $1.9 million, they were told they could qualify at $1.5 million or less. In other words, the same house they already own.

The stress test is meant to ensure buyers can afford a mortgage if lending rates should increase. However, a mere 0.16% of B.C. mortgage holders are currently in arrears, meaning they have missed three or more mortgage payments. This means just 1,008 out of 644,984 mortgage holders in B.C. are behind in mortgage payments. This is the second-lowest mortgage arrears rate in Canada and the lowest default rate among all other forms of consumer debt.

Over the past 15 years, through fluctuating mortgage rates, Canada’s overall mortgage arrears rate has never risen above 0.35%.

So, logic aside, what can a move-up buyer do to achieve the home they want?

Here is some advice from the Faith Wilson Group mortgage specialist:

• Remember that you only need to qualify at the higher rate, not actually pay it. The best five-year rate today is 3.59%, so even if the new stress test requires you to qualify at 5.34%, you would be paying the contracted rate of 3.59% on your mortgage once you qualify for the loan.

• Use the existing equity in the home to eliminate smaller debts, such as credit cards and car loans, to make your mortgage application more acceptable. (Note, however, that refinancing a home is also subject to the stress test at federally regulated lenders.)

• Consider taking the maximum-allowed 30-year amortization on a non-insured mortgage, which will reduce your monthly payments compared to the convention 25-year amortization.

The bottom line advice: talk to mortgage professional and you may find that, despite the stress-test, you can buy the move-up home you want and can afford nearly stress free.

Welcome our newMortgage Specialists

- Kevin Lutz, Regional Manager, Residential Mortgages Follow Kevin on Twitter @RBCKevinLutz


OCTOBER - SINGLE FAMILY DETACHED HOMESAPRIL - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: APR 2018

SALES AND BENCHMARK PRICES BY NEIGHBOURHOOD

BENCHMARK PRICE CHANGE (%)

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

VBN

Brentwood Park 4 $1,574,000 5.05 4.38

Capitol Hill BN 2 $1,501,500 2.75 1.16

Central BN 2 $1,383,900 4.84 3.08

Government Road 1 $1,883,300 1.29 -0.84

Montecito 2 $1,635,500 2.55 0.54

Parkcrest 1 $1,619,900 5.7 3.77

Simon Fraser Univer. 0 $1,761,000 -0.61 -1.59

Sperling-Duthie 1 $1,662,800 3.54 1.84

Sullivan Heights 0 $1,288,700 4.83 4.15

Vancouver Heights 4 $1,512,400 2.67 2.37

Westridge BN 1 $1,727,700 2.04 -1.29

Willingdon Heights 3 $1,460,500 4.74 3.05

Burnaby North 22 $1,595,800 3.35 1.78

VBS

Buckingham Heights 0 $2,349,000 -1.07 -2.87

Burnaby Hospital 1 $1,584,300 -0.25 0.53

Burnaby Lake 1 $1,470,500 1.68 -0.62

Central Park BS 0 $1,508,000 0.95 0.06

Deer Lake 1 $2,385,600 0.12 -1.12

Deer Lake Place 1 $1,742,800 0.42 0.58

Forest Glen BS 2 $1,765,400 -0.15 0.27

Garden Village 0 $1,569,200 -2.14 0

Greentree Village 0 $1,111,700 0.77 -2.63

Highgate 0 $1,377,500 0.79 2.17

Metrotown 1 $1,906,400 -0.43 1.21

South Slope 3 $1,646,300 0.65 1.53

Suncrest 3 $1,280,400 -0.75 1.72

Upper Deer Lake 2 $1,787,400 -0.43 -0.22

Burnaby South 16 $1,675,800 0.12 0.47

VBE

East Burnaby 4 $1,231,100 2 5.02

Edmonds BE 2 $1,337,800 0.99 5.59

The Crest 4 $1,531,000 1.94 4.9

Burnaby East 10 $1,331,300 1.74 5.08

VNW

Connaught Heights 2 $1,057,700 1.79 4.44

Fraserview NW 0 $1,389,300 4.17 5.72

GlenBrooke North 1 $1,185,900 2.08 4.77

Moody Park 1 $1,193,200 3.59 5.19

Queens Park 2 $1,452,100 4.13 5.48

Queensborough 0 $1,118,100 -0.99 0.92

Sapperton 0 $1,038,100 1.37 5.89

The Heights NW 3 $1,228,100 1.74 4.42

Uptown NW 0 $1,000,300 1.74 4.97

West End NW 6 $1,259,100 1.76 4.25

New Westminster 15 $1,192,600 1.36 3.84

Price Segment ($) New Listings Added Unit Sales

0 – 1,000,000 11 3 27%

1,000,001 – 1,100,000 7 3 43%

1,100,001 – 1,200,000 9 4 44%

1,200,001 – 1,300,000 22 6 27%

1,300,001 – 1,400,000 25 10 40%

1,400,001 – 1,500,000 28 5 18%

1,500,001 – 1,600,000 25 9 36%

1,600,001 – 1,700,000 29 4 14%

1,700,001 – 1,800,000 23 5 22%

1,800,001 – 1,900,000 19 2 11%

1,900,001 – 2,000,000 15 4 27%

2,000,001 – 2,250,000 19 4 21%

2,250,001 – 2,500,000 27 1 4%

2,500,001 – 2,750,000 8 2 25%

2,750,001 – 3,000,000 20 0 0%

3,000,001 + 19 1 5%

Totals 306 63 21%

LISTING AND SALES ACTIVITY BY PRICE SEGMENT

THE REAL BURNABY & NEW WEST RESULTS: APR 2018

SALES PRICE MONTHLY TREND

– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$1,900,000 $1,800,000 $1,700,000 $1,600,000 $1,500,000 $1,400,000 $1,300,000

NOV. 17 DEC. 17 JAN. 18 FEB. 17 MAR. 17 APR. 18

70

60

50

40

30

20

10

DAYS ON MARKET MONTHLY TREND

Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et

Sales-to-New-Listings Ratio


$1,555,586

$1,500,000

$1,721,006

$1,571,000

$1,635,654

$1,483,000

$1,608,137

$1,550,000

$1,609,236

$1,533,500

36

27

47

28

65

5937

15

26

14

27

14

Janaury 54 67 24.1%February 80 69 -13.8%March 134 80 -40.3%April 134 63 -53.0%May June Total 402 279 -30.6%

2017 2018 CHANGEUNIT SALES (BY MONTH)

$1,609,275

$1,525,000


MAY - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: MAY 2018




VBN

Brentwood Park 0 $1,544,800 -1.86 4.57

Capitol Hill BN 3 $1,463,200 -2.55 0.13

Central BN 1 $1,350,300 -2.43 2.95

Government Road 3 $1,931,200 2.55 4.94

Montecito 5 $1,577,300 -2.63 4.23

Simon fraser Univer. 1 $1,805,100 2.51 1.95

Sperling-Duthie 1 $1,659,700 -0.19 3.96

Sullivan Heights 1 $1,271,400 -1.35 6.01

Vancouver Heights 6 $1,468,700 -2.89 0.8

Westridge BN 0 $1,713,400 -0.83 3

Willingdon Heights 2 $1,424,400 -2.47 3.09

Burnaby North 7 $1,575,100 -1.3 2.77

VBS

Buckingham Heights 1 $2,349,700 0.03 -0.2

Burnaby Hospital 3 $1,575,400 -0.56 -0.59

Burnaby Lake 1 $1,491,800 1.45 2.15

Central Park BS 2 $1,495,700 -0.81 -0.41

Deer Lake 1 $2,429,600 1.85 -0.7

Deer Lake Place 0 $1,747,200 -1.03 -0.67

Garden Village 2 $1,557,900 -0.72 -2.18

Greentree Village 1 $1,167,200 4.99 4.81

Highgate 3 $1,366,700 -0.78 -0.52

Metrotown 1 $1,895,000 -0.6 -1.11

South Slope 3 $1,641,800 -0.28 -0.98

Suncrest 0 $1,268,000 -0.96 -2.01

Upper Deer Lake 1 $1,767,000 -1.14 -1.57

Burnaby South 22 $1,671,100 -0.28 -0.68

VBE

East Burnaby 4 $1,213,600 -1.42 2.57

Edmonds BE 2 $1,326,900 -0.82 3.18

The Crest 2 $1,507,200 -1.56 2.08

Burnaby East 8 $1,314,800 -1.24 2.62

VNW

Connaught Heights 1 $1,048,600 -0.86 2.4

Fraserview NW 1 $1,380,300 -0.65 2.03

GlenBrooke North 3 $1,174,400 -0.96 1.91

Moody Park 2 $1,170,700 -1.88 1.67

Queens Park 5 $1,453,800 0.12 1.72

Queensborough 6 $1,083,300 -3.11 -2.46

Sapperton 3 $1,022,300 -1.52 3.29

The Heights NW 4 $1,218,400 -0.79 3.38

Uptown NW 1 $992,700 -0.76 2.71

West End NW 4 $1,254,700 -0.35 2.64

New Westminster 30 $1,177,000 -1.31 1.49


0 – 1,000,000 10 6 60%

1,000,001 – 1,100,000 12 7 58%

1,100,001 – 1,200,000 12 5 42%

1,200,001 – 1,300,000 18 9 50%

1,300,001 – 1,400,000 21 8 38%

1,400,001 – 1,500,000 28 14 50%

1,500,001 – 1,600,000 21 6 29%

1,600,001 – 1,700,000 23 8 35%

1,700,001 – 1,800,000 18 6 33%

1,800,001 – 1,900,000 27 5 19%

1,900,001 – 2,000,000 20 6 30%

2,000,001 – 2,250,000 16 4 25%

2,250,001 – 2,500,000 27 2 7%

2,500,001 – 2,750,000 9 0 0%

2,750,001 – 3,000,000 11 1 9%

3,000,001 + 16 0 0%

Totals 289 87 30%


THE REAL BURNABY & NEW WEST RESULTS: MAY 2018


– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$1,900,000 $1,800,000 $1,700,000 $1,600,000 $1,500,000 $1,400,000 $1,300,000

DEC. 17 JAN. 18 FEB. 17 MAR. 17 APR. 18 MAY 18

70

60

50

40

30

20

10


Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et



$1,555,586

$1,500,000

$1,721,006

$1,571,000

$1,635,654

$1,483,000

$1,608,137

$1,550,000

$1,609,236

$1,533,500

$1,543,077

$1,450,000

47

28

65

59 37

15

26

14

27

14

27

12

Janaury 54 67 24.1%February 80 70 -12.5%March 134 80 -40.3%April 134 77 -42.5%May 157 87 -44.6%June Total 559 381 -31.8%



JUNE - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: JUN 2018




VBN

Brentwood Park 2 $1,493,600 -3.32 -0.32

Capitol Hill BN 4 $1,440,600 -1.54 -1.41

Central BN 1 $1,363,200 0.95 3.28

Government Road 1 $1,845,200 -4.46 -0.76

Montecito 2 $1,579,900 -3.2 -0.93

Parkcrest 1 $1,547,600 -1.88 0.98

Simon Fraser Univer. 0 $1,751,900 -2.95 -1.13

Sperling-Duthie 0 $1,598,000 -3.71 -0.49

Sullivan Heights 2 $1,217,100 -4.27 -1

Vancouver Heights 1 $1,451,700 -1.16 -1.45

Westridge BN 0 $1,702,700 -0.63 0.56

Willingdon Heights 1 $1,408,900 -1.09 1.04

Burnaby North 15 $1,538,900 -2.3 -0.33

VBS

Buckingham Heights 0 $2,381,300 1.35 0.29

Burnaby Hospital 1 $1,602,600 1.73 0.9

Burnaby Lake 0 $1,455,200 -2.45 0.63

Central Park BS 1 $1,523,500 1.86 1.99

Deer Lake 1 $2,380,600 -2.02 -0.09

Deer Lake Place 0 $1,772,600 1.68 2.14

Forest Glen BS 2 $1,788,500 2.36 1.15

Garden Village 2 $1,619,900 3.98 1.03

Greentree Village 1 $1,109,400 -4.95 0.56

Highgate 3 $1,430,500 4.67 4.67

Metrotown 4 $1,978,300 4.39 3.33

South Slope 1 $1,704,600 3.82 4.21

Suncrest 2 $1,328,000 4.73 2.94

Upper Deer Lake 0 $1,810,600 2.47 0.86

Burnaby South 18 $1,712,400 2.47 2.31

VBE

East Burnaby 4 $1,234,400 1.72 2.28

Edmonds BE 2 $1,352,600 1.94 2.1

The Crest 0 $1,542,700 2.36 2.72

Burnaby East 6 $1,340,700 1.97 2.46

VNW


Fraserview NW 0 $1,421,100 2.95 6.55


Moody Park 1 $1,202,600 2.72 4.4

Queens Park 3 $1,471,700 1.23 5.53

Queensborough 1 $1,068,600 -1.36 -5.38

Sapperton 2 $1,040,200 1.75 1.57

The Heights NW 3 $1,229,300 0.9 1.84

Uptown NW 1 $1,013,800 2.13 3.11

West End NW 2 $1,285,000 2.41 3.85

New Westminster 17 $1,189,400 1.06 1.09


0 – 1,000,000 4 3 75%

1,000,001 – 1,100,000 8 6 75%

1,100,001 – 1,200,000 11 4 36%

1,200,001 – 1,300,000 17 11 65%

1,300,001 – 1,400,000 12 7 58%

1,400,001 – 1,500,000 27 5 19%

1,500,001 – 1,600,000 21 3 14%

1,600,001 – 1,700,000 19 3 16%

1,700,001 – 1,800,000 12 3 25%

1,800,001 – 1,900,000 14 2 14%

1,900,001 – 2,000,000 11 0 0%

2,000,001 – 2,250,000 8 2 25%

2,250,001 – 2,500,000 22 4 18%

2,500,001 – 2,750,000 10 3 30%

2,750,001 – 3,000,000 14 0 0%

3,000,001 + 8 0 0%

Totals 218 56 26%


THE REAL BURNABY & NEW WEST RESULTS: JUN 2018


– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$1,900,000 $1,800,000 $1,700,000 $1,600,000 $1,500,000 $1,400,000 $1,300,000

JAN. 18 FEB. 17 MAR. 17 APR. 18 MAY 18 JUN 18

70

60

50

40

30

20

10


Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et



$1,721,006

$1,571,000

$1,635,654

$1,483,000

$1,608,137

$1,550,000

$1,609,236

$1,533,500

$1,543,077

$1,450,000

$1,510,024

$1,350,000

65

59 37

15

26

14

27

14

27

12

38

32

Janaury 54 67 24.1%February 80 70 -12.5%March 134 80 -40.3%April 134 78 -41.8%May 157 103 -34.4%June 124 56 -54.8%Total 683 454 -33.5%



Q2 - SINGLE FAMILY DETACHED HOMES

THE REAL NEIGHBOURHOOD RESULTS: Q2 2018 THE REAL NEIGHBOURHOOD RESULTS: Q2 2018

SALES PRICE QUARTERLY TREND

Unit Sales (by Quarter)

Q1

Q2

Q3

Q4Year-to-Date Totals

2017262

262

2018209

209

Change (%)

-20.2%

-20.2%

– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$1,900,000 $1,800,000$1,700,000$1,600,000$1,500,000$1,400,000$1,400,000

$1,630,340

$1,542,857

$1,673,678

$1,554,000

$1,588,014

$1,510,000

$1,652,116

$1,550,000

Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018

70

60

50

40

30

20

10

31

14

34

23

38

25

42

18

DAYS ON MARKET QUARTERLY TREND

Days

– Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et

Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018


0 – 1,000,000 19 11 58%

1,000,001 – 1,100,000 9 8 89%

1,100,001 – 1,200,000 26 15 58%

1,200,001 – 1,300,000 28 29 104%

1,300,001 – 1,400,000 39 12 31%

1,400,001 – 1,500,000 37 23 62%

1,500,001 – 1,600,000 45 20 44%

1,600,001 – 1,700,000 48 12 25%

1,700,001 – 1,800,000 47 15 32%

1,800,001 – 1,900,000 39 15 38%

1,900,001 – 2,000,000 42 12 29%

2,000,001 – 2,250,000 40 15 38%

2,250,001 – 2,500,000 48 9 19%

2,500,001 – 2,750,000 30 4 13%

2,750,001 – 3,000,000 33 3 9%

3,000,001 + 45 6 13%

Totals 575 209 36%

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



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

VBN

Brentwood Park 8 $1,498,400 1.43 -0.1

Capitol Hill BN 10 $1,461,300 0 2.44

Central BN 1 $1,320,000 0.63 1.95

Government Road 8 $1,859,300 1.04 0.93

Montecito 9 $1,594,800 -0.28 1.9

Parkcrest 6 $1,532,500 1.27 1.66

Simon Fraser Univer. 6 $1,771,900 0.07 2.3

Sperling-Duthie 7 $1,605,900 0.59 1.43

Sullivan Heights 3 $1,229,400 2.51 0

Vancouver Heights 7 $1,473,100 1.1 2.88

Westridge BN 1 $1,693,200 1.79 -0.97

Willingdon Heights 11 $1,394,300 0.92 3.09

Burnaby North 77 $1,544,100 0.74 1.67

VBS

Buckingham Heights 1 $2,374,500 0.85 4.48

Burnaby Hospital 3 $1,588,200 0.22 4.46

Burnaby Lake 3 $1,446,100 -0.97 2.41

Central Park BS 0 $1,493,900 -0.53 4.58

Deer Lake 4 $2,382,700 -2.61 3.23

Deer Lake Place 5 $1,735,500 -1.25 5.18

Forest Glen BS 4 $1,768,100 0.52 4.23

Garden Village 3 $1,603,400 0.68 4.76

Greentree Village 2 $1,103,200 -0.93 9.02

Highgate 10 $1,366,700 -0.52 5.55

Metrotown 3 $1,914,600 -0.09 4.61

South Slope 12 $1,635,700 -1.34 3.39

Suncrest 0 $1,290,100 -0.31 4.09

Upper Deer Lake 6 $1,795,100 0 4.44

Burnaby South 57 $1,673,700 -0.53 3.82

VBE

East Burnaby 10 $1,206,900 2.01 12.88

Edmonds BE 3 $1,324,700 3.02 12.86

The Crest 5 $1,501,900 1.72 13.49

Burnaby East 18 $1,308,500 2.13 12.76

VNW


Fraserview NW 2 $1,333,700 -1.41 6.42


Moody Park 3 $1,151,900 0.04 10.73

Queens Park 4 $1,394,600 -2.42 5.5

Queensborough 12 $1,129,300 1.67 18.66

Sapperton 4 $1,024,100 3.47 15.2

The Heights NW 13 $1,207,100 2.42 14.03

Uptown NW 4 $983,200 1.73 11.61

West End NW 5 $1,237,300 1.22 7.81

New Westminster 57 $1,176,600 1.45 12.8


OCTOBER - TOWNHOUSESAPRIL - TOWNHOUSES




VBN

Brentwood Park 0 $889,500 1.68 5.93

Capitol Hill BN 0 $746,100 -0.64 6.78

Central BN 1 $873,500 0.03 5.2

Forest Hills BN 5 $780,000 -0.28 1.12

Government Road 1 $855,700 0.52 3.91

Montecito 3 $603,700 0.71 1.5

Simon Fraser Hills 3 $641,600 2 2.69

Simon Fraser Univer. 5 $738,300 -0.3 1.62

Sullivan Heights 0 $846,100 -0.32 1.23

Vancouver Heights 1 $872,700 1.82 6.86

Westridge BN 0 $629,000 1.08 2.37

Willingdon Heights 0 $898,200 -0.32 4.91

Burnaby North 19 $757,700 0.5 3.25

VBS

Burnaby Hospital 0 $826,500 -3.55 4.82

Burnaby Lake 2 $883,500 2.7 5.89

Central Park BS 0 $956,700 0.75 6.9

Forest Glen BS 1 $966,300 0.63 4.6

Greentree Village 1 $902,600 0.65 6.7

Highgate 3 $588,500 1.78 4.67

Metrotown 4 $795,000 0.9 7.06

Oaklands 5 $1,447,100 2.18 7.14

South Slope 3 $895,300 0.34 6.06

Burnaby South 17 $834,900 0.95 6.16

VBE

Edmonds BE 6 $593,200 1.13 5.2

The Crest 3 $991,800 1.94 4.07

Burnaby East 9 $699,300 1.33 4.7

VNW

Downtown NW 3 $663,300 2.47 5.62

Fraserview NW 3 $835,800 0.56 4.15

GlenBrooke North 0 $581,900 2.42 4.23

Queensborough 2 $791,900 0.66 1.79

Uptown NW 2 $605,200 0.8 3.65

New Westminster 10 $715,400 0.96 3.06


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 1 0 0%

375,001 – 400,000 0 0 0

400,001 – 425,000 0 0 0!

425,001 – 450,000 0 0 0!

450,001 – 500,000 3 3 100%

500,001 – 600,000 12 5 42%

600,001 – 700,000 21 18 86%

700,001 – 800,000 24 12 50%

800,001 – 900,000 17 8 47%

900,001 – 1,000,000 16 3 19%

1,000,001 + 8 6 75%

Totals 102 55 54%


THE REAL BURNABY & NEW WEST RESULTS: APR 2018 THE REAL NEIGHBOURHOOD RESULTS: APR 2018

$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$500,000

Days

60

50

40

30

20

10

0


– Me

dian S

ales P

rice

– Av

erage

Sales

Price



– Me

dian D

ays o

n Mark

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Avera

ge Da

ys on

Mark

et


$707,308

$650,044

$715,032

$700,000

$739,500

$731,635

$731,963

$712,000

$785,325

$782,500

$ 765,559

$744,900

16

10

26

8

34

18

18

10

17

10

18

11

FAITH’S KEY INSIGHTS:n More selection and some hot price pockets sums up the townhouse buyer

experience in April across Burnaby and New Westminster. Despite 102 new listings sales were down 19% from last April to 55, around the monthly average this year. The sales-to-new-listing ratio dipped to 54%, balanced but tilting towards a buyer’s advantage. The listing price has become quite important. In April 85% of the 21 new listings priced from $600,001 to $700,000 sold but only 42% of the 12 priced from $500,000 to $600,000 sold and just 47% of the 24 priced a bit higher at from $700,001 to $800,000 sold. A small price gap can make a big difference. Buyers become more selective as townhouse listings increase.

January 34 53 55.9%February 50 57 14.0%March 66 56 -15.2%April 68 55 -19.1%May June Total 218 221 1.4%



MAY - TOWNHOUSES




VBN

Brentwood Park 1 $898,700 1.04 4.98

Capitol Hill BN 1 $749,100 0.39 2.66

Central BN 1 $872,300 -0.14 3.8

Forest Hills BN 5 $794,700 1.89 0.14

Government Road 1 $888,800 3.87 4.33

Montecito 3 $616,800 2.18 1.87

Simon Fraser Hills 3 $640,700 -0.15 -0.07

Simon Fraser Univer. 1 $754,500 2.2 0.3

Sullivan Heights 1 $868,800 2.68 1.7

Vancouver Heights 0 $854,000 -2.14 3.83

Westridge BN 3 $632,500 0.55 0.07

Willingdon Heights 3 $909,600 1.27 3.95

Burnaby North 23 $767,300 1.27 2.03

VBS

Burnaby Hospital 0 $839,100 1.53 1.95

Burnaby Lake 1 $904,200 2.35 3.57

Central Park BS 0 $960,100 0.36 4.89

Forest Glen BS 0 $981,200 1.54 5.06


Highgate 1 $607,000 3.15 5.7

Metrotown 2 $791,000 -0.5 3.27

Oaklands 2 $1,405,200 -2.89 1.62

South Slope 1 $907,800 1.4 4.69

Burnaby South 8 $841,000 0.73 4.13

VBE

Edmonds BE 0 $613,900 3.5 6.98

The Crest 1 $1,029,300 3.77 4.16

Burnaby East 1 $724,200 3.56 5.73

VNW

Downtown NW 3 $685,100 3.28 4.12

Fraserview NW 1 $874,600 4.65 4.91


Queensborough 1 $800,400 1.07 1.91

Uptown NW 5 $628,700 3.88 3.14

New Westminster 10 $734,900 2.72 3.12


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 1 0 0%

350,001 – 375,000 1 0 0%

375,001 – 400,000 0 0 0

400,001 – 425,000 0 0 0

425,001 – 450,000 0 0 0

450,001 – 500,000 4 1 25%

500,001 – 600,000 9 5 56%

600,001 – 700,000 13 11 85%

700,001 – 800,000 20 12 60%

800,001 – 900,000 12 6 50%

900,001 – 1,000,000 15 3 20%

1,000,001 + 14 4 29%

Totals 89 42 47%


THE REAL BURNABY & NEW WEST RESULTS: MAY 2018 THE REAL NEIGHBOURHOOD RESULTS: MAY 2018

$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$500,000

Days

60

50

40

30

20

10

0


– Me

dian S

ales P

rice

– Av

erage

Sales

Price



– Me

dian D

ays o

n Mark

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Avera

ge Da

ys on

Mark

et


$715,032

$700,000

$739,500

$731,635

$731,258

$712,000

$785,325

$782,500

$765,559

$744,900

$738,168

$715,000

26

8

34

18

18

10

17

10

18

11

17

11

FAITH’S KEY INSIGHTS:n Wow, something of a surprise as townhouse sales across Burnaby and

New Westminster fell 60% from the same month last year to just 42 in May.True, sales had been tracking down for the past three months after a round of new taxes and mortgage regulations took some purchasers out of the market and sidelined others, but May is traditionally a popular month for buyers. There are signals this dip is temporary. Even with the slowdown, the May sales-to-new-listing ratio was 47%, which is fairly balanced.

Janaury 34 53 55.9%February 50 57 14.0%March 66 56 -15.2%April 68 58 -14.7%May 105 42 -60.0%June Total 323 266 -17.6%



JUNE - TOWNHOUSES




VBN

Brentwood Park 1 $910,800 1.35 4.11

Capitol Hill BN 1 $763,200 1.88 1.63

Central BN 1 $891,800 2.24 2.13

Forest Hills BN 3 $810,600 1.99 3.62

Government Road 2 $867,400 -2.41 1.89

Montecito 4 $627,700 1.76 4.71

Simon Fraser Hills 1 $648,500 1.22 3.09




Westridge BN 1 $646,800 2.27 3.94


Burnaby North 17 $777,000 1.26 3.06

VBS

Burnaby Hospital 1 $846,700 0.91 -1.18

Burnaby Lake 1 $890,800 -1.49 3.55

Central Park BS 1 $980,500 2.12 3.25

Forest Glen BS 1 $997,400 1.65 3.87


Highgate 1 $613,200 1.02 6.06

Metrotown 4 $812,100 2.66 3.08

Oaklands 2 $1,455,900 3.6 2.8

South Slope 2 $924,000 1.78 3.55

Burnaby South 14 $856,400 1.83 3.55

VBE

Edmonds BE 0 $609,100 -0.8 3.83

The Crest 4 $1,014,800 -1.41 4.3

Burnaby East 4 $717,400 -0.93 3.96

VNW

Downtown NW 0 $677,600 -1.09 4.67

Fraserview NW 2 $850,700 -2.74 2.36

GlenBrooke North 0 $595,000 -1.87 4.73

Queensborough 3 $786,500 -1.74 -0.03

Uptown NW 1 $629,500 0.14 4.87

New Westminster 6 $723,500 -1.55 2.11


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 1 1 100%

350,001 – 375,000 0 1 0%

375,001 – 400,000 2 1 50%

400,001 – 425,000 0 0 0%

425,001 – 450,000 1 0 0%

450,001 – 500,000 1 1 100%

500,001 – 600,000 8 3 38%

600,001 – 700,000 18 5 28%

700,001 – 800,000 17 11 65%

800,001 – 900,000 12 6 50%

900,001 – 1,000,000 7 4 57%

1,000,001 + 11 8 73%

Totals 78 41 53%


THE REAL BURNABY & NEW WEST RESULTS: JUN 2018 THE REAL NEIGHBOURHOOD RESULTS: JUN 2018

$800,000

$750,000

$700,000

$650,000

$600,000

$550,000

$500,000

Days

60

50

40

30

20

10

0


– Me

dian S

ales P

rice

– Av

erage

Sales

Price



– Me

dian D

ays o

n Mark

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Avera

ge Da

ys on

Mark

et


$739,500

$731,635

$731,258

$712,000

$785,325

$782,500

$765,655

$741,950

$738,168

$715,000

$797,500

$789,066

34

18

18

10

17

10

18

11

17

11

20

13

FAITH’S KEY INSIGHTS:n It was quality not quantity that defined the townhouse market of Burnaby

and New Westminster in June. Total sales were down 53.9% from June of last year, but the 41 buyers appeared to be targeting premier listings. This could be a reflection of stringent new mortgage regulations that have sidelined some more cost-conscious buyers. During June, with virtually the same number of new listings, more townhouses sold for more than $900,000 than for less than $700,000. Plus, the highest sales-to-new-listing in the month, 73%, was for the 11 townhouses listed at $1 million or more. Also, higher townhouse sales were generally seen in more expensive neighourhoods, such as the Crest in Burnaby East, Burnaby South and Queensborough in New Westminster.

Janaury 34 53 55.9%February 50 57 14.0%March 66 56 -15.2%April 68 59 -13.2%May 105 47 -55.2%June 89 41 -53.9%Total 412 313 -24.0%




Q1

Q2

Q3


2017150

262

412

2018163

147

310

Change (%)

8.7%

-43.9%

-24.8%

THE REAL NEIGHBOURHOOD RESULTS: Q2 2018

Q2 - TOWNHOUSES

Sales-To-New



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 2 1 50%

350,001 – 375,000 2 3 150%

375,001 – 400,000 2 1 50%

400,001 – 425,000 0 0 0%

425,001 – 450,000 1 0 0%

450,001 – 500,000 8 5 63%

500,001 – 600,000 30 13 43%

600,001 – 700,000 51 37 73%

700,001 – 800,000 63 36 57%

800,001 – 900,000 40 22 55%

900,001 – 1,000,000 37 10 27%

1,000,001 + 33 19 58%

Totals 269 147 55%

SALES PRICE QUARTERLY TREND

Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018

$800,000$750,000$700,000$650,000$600,000$550,000$500,000

$703,400

$692,750

$685,341

$650,000

$703,524

$670,000

$750,564

$749,900

$763,358

$752,000

– Me

dian S

ales P

rice

– Av

erage

Sales

Price

DAYS ON MARKET QUARTERLY TREND

Days

60

50

40

30

20

10

0

18

8

21

10

21

10

23

11

18

11

– Me

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Mark

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Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018






VBN

Brentwood Park 1 $910,800 4.11 15.23

Capitol Hill BN 2 $763,200 1.63 9.25

Central BN 2 $891,800 2.13 13.38

Forest Hills BN 13 $810,600 3.62 12.23

Government Road 4 $867,400 1.89 16.22

Montecito 10 $627,700 4.71 13.35





Westridge BN 2 $646,800 3.94 10.78


Burnaby North 54 $777,000 3.06 12.93

VBS


Burnaby Lake 3 $890,800 3.55 17.38

Central Park BS 1 $980,500 3.25 13.4

Forest Glen BS 2 $997,400 3.87 13.18


Highgate 6 $613,200 6.06 21.79

Metrotown 12 $812,100 3.08 13.81

Oaklands 2 $1,455,900 2.8 11.91

South Slope 6 $924,000 3.55 14.96

Burnaby South 36 $856,400 3.55 15.14

VBE

Edmonds BE 8 $609,100 3.83 19.58

The Crest 9 $1,014,800 4.3 15.68

Burnaby East 17 $717,400 3.96 17.36

VNW

Downtown NW 10 $677,600 4.67 17.98

Fraserview NW 7 $850,700 2.36 15.25


Queensborough 9 $786,500 -0.03 7.65

Uptown NW 8 $629,500 4.87 17.27

New Westminster 40 $723,500 2.11 12.95

FAITH’S KEY INSIGHTS:n Call it the case of the disappearing townhouse. Despite a fairly large

number of new listings – 269 – added to Burnaby-New Westminster in the second quarter (Q2), there was a scarcity of listing as of the end of June. The reason is more than half of the new listings sold and were being purchased within a median of 11 days of being listed. Prices continue to increase, rising by more than 3% in Burnaby from Q1 to Q2 and up 2% to 4% in New Westminster. Townhouse sellers would be wise to be listing right now. Many buyers are pre-approved for mortgages and will want to buy within 90 days before their pre-approval expires and they face slightly higher mortgage rates.


APRIL - APARTMENTS /CONDOS

THE REAL NEIGHBOURHOOD RESULTS: APR 2018


0 – 250,000 3 0 0%

250,001 – 275,000 0 0 0

275,001 – 300,000 2 0 0%

300,001 – 325,000 2 3 150%

325,001 – 350,000 9 4 44%

350,001 – 375,000 4 4 100%

375,001 – 400,000 29 13 45%

400,001 – 425,000 13 15 115%

425,001 – 450,000 25 14 56%

450,001 – 500,000 56 33 59%

500,001 – 600,000 100 64 64%

600,001 – 700,000 73 51 70%

700,000 – 800,000 57 32 56%

800,001 – 900,000 28 4 14%

900,001 – 1,000,000 11 2 18%

1,000,001 + 20 3 15%

Totals 432 242 56%


THE REAL BURNABY & NEW WEST RESULTS: APR 2018

Sales-to-New- Listings Ratio

$650,000

$600,000$550,000$500,000$450,000$400,000$350,000


– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$553,351

$521,000

$564,677

$520,000

$599,534

$574,000

$589,667

$565,000

$599,545

$570,000

$585,673

$569,000


Days

60

50

40

30

20

10

0


– Me

dian D

ays o

n Mark

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Avera

ge Da

ys on

Mark

et


22

9

16

8

19

9

16

8

13

8

15

8




VBN

Brentwood Park 31 $817,100 -2.06 3.2

Capitol Hill BN 1 $417,700 1.64 1.56

Cariboo 5 $459,200 2.34 9.26

Central BN 3 $504,200 2.67 0.14

Government Road 8 $515,900 3.11 7.75


Simon Fraser Univer. 11 $661,500 0 3.22




Burnaby North 72 $640,400 -0.18 3.56

VBS


Central Park BS 6 $761,600 -0.44 7.62

Forest Glen BS 7 $815,000 0.23 8.21

Highgate 14 $665,400 -2.29 2.33

Metrotown 26 $705,600 -2.26 1.03

Oaklands 3 $685,300 1.21 -0.47

South Slope 8 $713,700 0.18 1.73

Burnaby South 66 $715,800 -1.58 2.64

VBE

Edmonds BE 8 $731,600 0.51 6.36

Burnaby East 9 $731,500 0.51 6.36

VNW

Downtown NW 31 $553,600 4 9.38

Fraserview NW 11 $612,800 0.76 7.29


Quay 12 $649,300 2.18 4.35

Queensborough 0 $683,400 2.44 8.04

Sapperton 9 $434,500 3.47 5.3

The Heights NW 6 $540,100 4.33 9.5

Uptown NW 24 $503,100 1.71 11.5

West End NW 1 $330,400 1.16 8.19

New Westminster 95 $557,000 2.52 8.58

FAITH’S KEY INSIGHTS:n On average 8 condos sold every day during April in Burnaby-New Westminster;

the typical new listing sold within a median of 9 days; the benchmark price increased from March; and the 432 new listings were the highest since last summer. More good news for buyers: 141 condos were listed below $500,000 and 50 at $400,000 or less. This is a balanced market with a sales-to-new-listing ratio of 56% and benchmark prices up 2.5% from March in New Westminster to $557,000; and 1% higher in Burnaby to just under $700,000.

anaury 211 216 2.4%February 252 207 -17.9%March 324 260 -19.8%April 402 242 -39.8%May June Total 1,189 925 -22.2%



MAY - APARTMENTS /CONDOS



0 – 250,000 0 1 0

250,001 – 275,000 0 0 0

275,001 – 300,000 3 0 0%

300,001 – 325,000 4 2 50%

325,001 – 350,000 6 5 83%

350,001 – 375,000 6 10 167%

375,001 – 400,000 26 5 19%

400,001 – 425,000 6 8 133%

425,001 – 450,000 30 20 67%

450,001 – 500,000 59 33 56%

500,001 – 600,000 110 50 45%

600,001 – 700,000 91 51 56%

700,000 – 800,000 69 20 29%

800,001 – 900,000 29 13 45%

900,001 – 1,000,000 22 8 36%

1,000,001 + 22 6 27%

Totals 483 232 48%




$650,000

$600,000$550,000$500,000$450,000$400,000$350,000


– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$564,677

$520,000

$599,534

$574,000

$589,667

$565,000

$599,545

$570,000

$585,673

$569,000

$608,664

$575,000


Days

60

50

40

30

20

10

0


– Me

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ays o

n Mark

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Avera

ge Da

ys on

Mark

et


16

8

19

9

16

8

13

8

15

8

18

10




VBN

Brentwood Park 28 $824,400 0.89 -1.09

Capitol Hill BN 0 $428,200 2.52 3.42

Cariboo 2 $471,800 2.73 9.51

Central BN 3 $520,500 3.25 4.54

Government Road 5 $522,300 1.23 6.59


Simon Fraser Univer. 10 $669,800 1.26 -0.51




Burnaby North 66 $650,200 1.54 1.2

VBS


Central Park BS 2 $756,700 -0.64 3.67

Forest Glen BS 10 $804,300 -1.31 2.69

Highgate 14 $670,700 0.81 0.44

Metrotown 32 $726,200 2.91 2.59

Oaklands 2 $702,700 2.54 3.95

Burnaby South 72 $729,000 1.84 2.6

VBE

Edmonds BE 9 $716,000 -2.12 1.3

Burnaby East 9 $715,900 -2.12 1.3

VNW

Downtown NW 20 $564,500 1.97 9.99

Fraserview NW 26 $626,300 2.21 5.79


Quay 11 $673,000 3.65 7.09

Queensborough 0 $685,500 0.31 6.53

Sapperton 2 $441,100 1.53 5.85

The Heights NW 9 $543,600 0.65 7.1

Uptown NW 24 $512,900 1.96 6.6

West End NW 0 $337,600 2.2 6.1

New Westminster 85 $568,300 2.02 7.39

FAITH’S KEY INSIGHTS:n There are a lot of condos for sale in Burnaby-New Westminster,

with 483 new listings in May, the highest level in more than a year. But nearly half of all the new listings sold in the month in what is a remarkably balanced environment. There were condo sales in almost every neighbourhood and benchmark prices increased about 1.5% from April. A good selection, steady prices and more than 7 sales a day made May a solid month to signal an active spring condo market.

Janaury 211 216 2.4%February 252 207 -17.9%March 324 261 -19.4%April 402 265 -34.1%May 429 232 -45.9%June Total 1618 1181 -27.0%



JUNE - APARTMENTS /CONDOS



0 – 250,000 0 0 0%

250,001 – 275,000 0 0 0%

275,001 – 300,000 5 0 0%

300,001 – 325,000 2 2 100%

325,001 – 350,000 7 3 43%

350,001 – 375,000 5 6 120%

375,001 – 400,000 23 12 52%

400,001 – 425,000 15 11 73%

425,001 – 450,000 15 16 107%

450,001 – 500,000 41 27 66%

500,001 – 600,000 114 54 47%

600,001 – 700,000 86 43 50%

700,000 – 800,000 42 24 57%

800,001 – 900,000 25 6 24%

900,001 – 1,000,000 19 5 26%

1,000,001 + 25 4 16%

Totals 424 213 50%




$650,000

$600,000$550,000$500,000$450,000$400,000$350,000


– Me

dian S

ales P

rice

– Av

erage

Sales

Price

$599,534

$574,000

$589,667

$565,000

$599,545

$570,000

$585,673

$569,000

$608,664

$575,000

$584,079

$560,000


Days

60

50

40

30

20

10

0


– Me

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ays o

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Avera

ge Da

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Mark

et


19

9

16

8

13

8

15

8

18

10

19

13




VBN

Brentwood Park 27 $825,900 0.18 -1.01

Capitol Hill BN 2 $429,500 0.31 4.53

Cariboo 3 $474,000 0.47 5.63

Central BN 3 $516,400 -0.8 5.17

Government Road 6 $527,100 0.93 5.35




Vancouver Heights 3 $647,400 -0.96 2.9

Willingdon Heights 2 $569,600 -2.25 1.89

Burnaby North 65 $656,100 0.9 2.26

VBS


Central Park BS 6 $761,400 0.62 -0.47

Forest Glen BS 7 $808,000 0.46 -0.62

Highgate 12 $676,800 0.91 -0.61

Metrotown 22 $741,500 2.11 2.71

Oaklands 1 $706,500 0.54 4.34

South Slope 7 $729,200 -1.42 2.37

Burnaby South 55 $737,000 1.09 1.34

VBE

Edmonds BE 3 $701,600 -2.02 -3.62

Burnaby East 3 $701,400 -2.02 -3.62

VNW

Downtown NW 24 $561,700 -0.48 5.54

Fraserview NW 12 $613,200 -2.1 0.83

GlenBrooke North 4 $508,500 -3.06 -1.88

Quay 17 $676,800 0.57 6.52

Queensborough 4 $684,300 -0.18 2.56

Sapperton 4 $450,500 2.13 7.3

The Heights NW 1 $541,400 -0.41 4.58

Uptown NW 23 $507,000 -1.16 2.5

West End NW 1 $325,600 -3.56 -0.3

New Westminster 85 $568,300 2.02 7.39

FAITH’S KEY INSIGHTS:n With 213 condominium apartment sales in June, Burnaby-New

Westminster was a very active market, though sales were down 39% from June 2017. The market was balanced at a sales-to-new-listing ratio of 50%. The benchmark price was virtually unchanged from a month earlier with a range from $564,600 in New Westminster to $747,400 in Burnaby South. Brentwood in North Burnaby led in sales, with 27 at a benchmark of $825,900. Yet there were 116 new condos listed at $500,000 or less and 45 at $400,000 or less.

Janaury 211 216 2.4%February 252 207 -17.9%March 324 261 -19.4%April 402 267 -33.6%May 429 255 -40.6%June 350 213 -39.1%Total 1,968 1,419 -27.9%




Q2 - APARTMENTS /CONDOS


0 – 250,000 3 1 33%

250,001 – 275,000 0 0 0%

275,001 – 300,000 10 1 10%

300,001 – 325,000 8 7 88%

325,001 – 350,000 22 13 59%

350,001 – 375,000 15 20 133%

375,001 – 400,000 78 31 40%

400,001 – 425,000 34 34 100%

425,001 – 450,000 73 54 74%

450,001 – 500,000 162 100 62%

500,001 – 600,000 321 173 54%

600,001 – 700,000 247 153 62%

700,000 – 800,000 167 86 51%

800,001 – 900,000 87 28 32%

900,001 – 1,000,000 48 17 35%

1,000,001 + 67 17 25%

Totals 1,342 735 55%



SALES PRICE QUARTERLY TREND$650,000 $600,000 $550,000 $500,000$450,000$400,000$350,000

$529,767

$500,900

$566,178

$525,500

$559,490

$520,000

$596,637

$570,000

$593,187

$565,000

Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 – Me

dian S

ales P

rice

– Av

erage

Sales

Price

DAYS ON MARKET QUARTERLY TREND60

50

40

30

20

10

0

16

8

17

9

20

9

17

8

17

10

Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 – Me

dian D

ays o

n Mark

et –

Avera

ge Da

ys on

Mark

et

Days



Q1

Q2

Q3


2017775

1,181

1,956

2018676

735

1,411

Change (%)

-12.8%

-37.8%

-27.9%




VBN

Brentwood Park 93 $825,900 -1.01 14.97

Capitol Hill BN 3 $429,500 4.53 24.01

Cariboo 11 $474,000 5.63 26.04

Central BN 10 $516,400 5.17 15.03

Government Road 21 $527,100 5.35 23.56






Burnaby North 215 $656,100 2.26 20.42

VBS


Central Park BS 17 $761,400 -0.47 21.16

Forest Glen BS 27 $808,000 -0.62 19.79

Highgate 40 $676,800 -0.61 18.85

Metrotown 84 $741,500 2.71 19.66

Oaklands 1 $706,500 4.34 16.84

South Slope 28 $729,200 2.37 17.63

Burnaby South 204 $737,000 1.34 19.31

VBE

Edmonds BE 26 $701,600 -3.62 16.09

Burnaby East 26 $701,600 -3.62 16.09

VNW

Downtown NW 78 $561,700 5.54 32.24

Fraserview NW 41 $613,200 0.83 23.92


Quay 43 $676,800 6.52 19.57

Queensborough 16 $684,300 2.56 22.12

Sapperton 21 $450,500 7.3 31.35

The Heights NW 4 $541,400 4.58 22.65

Uptown NW 77 $507,000 2.5 34.84

West End NW 2 $325,600 -0.3 21.67

New Westminster 290 $564,600 3.91 28.05

FAITH’S KEY INSIGHTS:n Condo starts have slowed in Burnaby, dropping from more than 1,200

at this time last year to around 700 in the first half of 2018: New Westminster had only 121 multi-family starts of all types, down from 840 at the same in 2017. Fortunately, 1,342 new listings for resale condos came to this market in Q2 and though 55% of them sold, the selection remains healthy. Prices continue to slowly increase. We expect this balanced market to swing back to a seller’s advantage this summer.

TO GET STARTEDFirst, visit FaithWilsonGroup.com for extensive details about: Vancouver area neighbourhoods from dog parks to home pricing by property type; our 360 degree Performance Promise; our exclusive monthly Market Update research publications; our awards & achievements and much, much more.Then, call me at 604-224-5277 or 1-855-760-6886, or email me at [email protected]

So you have decided to buyyour next dream home?

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HAS THE TEAMthat will focus on listening to and helping you define your needs & wants in context of TODAY’s market; that has the expertise and successful experience to structure offers that promote & protect YOU!

IS COMMITTEDto you being totally informed such that you will make your buying decision with complete peace of mind! Witness our unique neighbourhood profiles at FaithWilsonGroup.com.

DELIVERSa proven track record of negotiation expertise and successful transactions, in a wide spectrum of property types across the Lower Mainland, along with a benchmark level of overall client satisfaction.

To find the best home for your needs at the price you deserve what you need is a Realtor® who:

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