How to Sell a Home in the Fall

Summer is over, and so are your summer-specific selling strategies.

Backyard party open houses, listing descriptions focused on outdoor entertaining potential, or even filling front porches with lush and vibrant flowers — put those away now.

A new season = time for new tactics.

Today, we’re exploring five season-specific strategies to help you sell more homes this fall.

1. Be A Stickler For Lawn Maintenance

Keeping lawns and yards free of fallen leaves and debris is a daily challenge in the autumn months.

We might only rake our own properties once or twice in the fall, but when it comes to homes we’re selling, we gotta kick our raking game up a notch (or five).

As long as there’s a ‘For Sale’ sign in the front yard, the lawns of your listed homes should be as free of dead leaves as possible. If you’re having an open house, that same level of care should extend to the backyard.

Other outdoor maintenance to undertake or make clear to your seller: trimming back overgrown trees and bushes, removing withered summer plants and flowers, and removing any summer-y decor and furniture.

2. Set The Mood

When sweater weather approaches, everyone craves coziness. Appeal to that craving by creating fall ambience at your September to November open houses.

Light candles in each room.

But stay away from heavy scents; while some open house attendees may appreciate the vanilla-fig wafting through the house, others will be heading for the door.

Play mood music.

Reggae jams and the Beach Boys may have helped you create a relaxed, sunny vibe in the summer months. Now that we’re in fall, opt for an intimate, softer, maybe even folk-y soundtrack.

Great fall picks include Bon Iver, Damien Rice, Sarah Harmer, and Nick Drake.

Offer seasonal treats.

When it comes to the snacks and beverages you offer up during open houses, trade slushy summer drinks and fresh fruit for spiced tea, apple cider, and pumpkin-everything baked goods.

3. Create Curb Appeal

Just because summer’s brightest blooms have retired, doesn’t mean you should leave a home’s front porch devoid of any plant life and decor.

Colours play a role in the buying process, so just opt for fall-appropriate colours like bold reds, oranges, yellows and purples.

Marigolds, chrysanthemums and pansies are all perfect picks for the fall months. As Halloween approaches, you can accessorize with a pumpkin and various squash.

4. Swap Out Decor


With the help of a stager or on your own, make a few small decor changes to your listings to help make them feel more seasonally-appropriate.

Throw pillows.

Add throw pillows in rich fall colours and sumptuous fabrics, like velvet.

Install dimmers.

Lighting dimmers are very inexpensive and easy to install. Being able to customize the level of brightness helps create a cozy fall mood.

Dress up a fireplace.

If your listing has a functional fireplace, you probably don’t want to be bothered with lighting and maintaining a fire during an open house.

Instead, fill it — as a for-show fireplace — with lit pillar candles in glass vases.

5. Sell Coziness

You can tailor your listing descriptions and social media promotion to be fall-specific, too.

Is the house close to a forested trail system, or does it offer a view of trees? Mention the amazing fall colours.

If the home features a beautiful working fireplace, describe cozy nights spent in front of a roaring fire.

Even large kitchens and standout dining rooms can be a fall-selling feature.

Using storytelling techniques, set the scene for prospective buyers by describing a big Thanksgiving meal spent with family and friends.


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While vinegar is commonly regarded as the “holy grail” of household products, it can't be used for everything.

 Vinegar is certainly useful in freshening up bath towels, de-gunking a dishwasher, or battling stubborn carpet stains.

Given the fact that vinegar is both non-toxic and natural, it’s a desirable cleaning solution. It’s also in high demand

because it’s not high in chemicals. Just because this magical solution offers help around this house in a range of ways

doesn’t mean it’s safe to use across the board. To ensure that you’re only using vinegar where appropriate, below is a

list of things that should never be done with vinegar around the house.

1. Cleaning Marble or Granite

Marble countertops.

Granite and marble are certainly something that you do not want to ruin or damage. Using vinegar to clean these items could

do just that. This is because the acid in vinegar can etch the natural stone. Instead, use a mild liquid dish detergent mixed with

warm water and your counters will soon be sparkling.

2. Cleaning an Iron

A steaming iron.

It’s tempting to clean your iron with vinegar to freshen it up, especially since the solution can be safely added to a washing

machine to clean towels and linens. However, doing so presents a danger to your iron. Doing this could damage the tool

internally, causing a clog. Instead, read the manufacturer’s instructions to learn how to best clean an iron and avoid the

steam vents clogging by emptying the iron each time you use it.

3. Touching Up Hardwood Floors

Hardwood floors in a living room.

This is a part of the household where there’s still some debate as far as vinegar goes. Some argue that vinegar both cleans

and seals their hardwood floors nicely, while others state that it damages the finish. While there is a chance that vinegar could

react well to your hardwood floors, from our point of view, it’s not really worth the risk. Instead, you’d be better suited to use a

cleaner that is specifically formulated for hardwood floors, easily found at your local hardware or grocery store. If you simply

must try vinegar on your flooring, dilute it with water generously and test it on a small part of the floor to see its reaction.

4. Wiping Down Electronics

A computer is cleaned.

Since vinegar is known for cleaning items so thoroughly, you may think it’d be a great way to strip your laptop or even

smartphone screen of fingerprints and germs. This is not the case. Since many electronics have a thin layer of oleophobic

coating to improve their appearance and limit fingerprints and smudging, vinegar is a danger to these products. The acid in

vinegar can strip this film off completely.

5. Mixing with Bleach

A woman cleans with bleach.

Bleach and vinegar are both highly regarded and widely used cleaning solutions, but that doesn’t mean that they should be

mixed together. When they are mingled, in fact, they produce chlorine gas. This was the substance used to clear trenches in

World War I. Therefore, this is definitely not something you want within the walls of your home, so definitely don’t mix these

two solutions together for any reason.

6. Cleaning Cast Iron Pots

Cast iron pots.

Cast iron pots and skillets are valuable tools in the kitchen, and for that reason, you want to keep them in working order.

These kitchen tools build up a layer of grease and grime that demand a thorough cleaning. The cleaning shouldn’t be done

with vinegar. Vinegar can have an adverse reaction with cast iron, inducing rust. To keep your pans pristine, rinse them simply

with water or gentle soap and water if desired.

7. Cleaning Egg Stains

A cracked egg on the ground.

While this may not be something you run into too frequently, egg stains do occur when you drop an egg on the floor

accidentally. If this happens to you, opt for a different cleaning solution than vinegar. Using vinegar can cause a spilled egg

to coagulate due to the acid in the vinegar. This will make the stain more difficult to remove.

Vinegar is undoubtedly a valuable cleaning agent, but avoid using vinegar with these items in order to maintain a clean and

healthy home.


 
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I have sold a property at 304 9108 MARY ST in Chilliwack.
Immaculate, 3rd floor, 2 bedroom, 2 bathroom corner unit in the upscale "Flora" condo building. Clean, quiet and bright. Great views over the Cheam Mountain Range. High quality finish with open living concept, 9’ ceilings, crown mouldings, fireplace, large covered balcony, all appliances included & pets allowed with restrictions. No age restrictions. Ideal one or two person unit. Executive living close to Leisure Centre, Shopping, Hospital, everything...What are you waiting for?!
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I have listed a new property at 1911 IRONWOOD CRT in Port Moody.
Live in quiet, Mountain Meadows cul-de-sac! Well-maintained Tudor style 3 bedroom + den & 3 bathroom home. Enter into bright sky lit foyer. Living room features beautiful floor to ceiling wood burning fireplace and adjoins with the formal dining room. Bright kitchen features quartz countertops and stainless steel appliances. Family room has a cozy gas fireplace with sliding doors to the private patio outside. Upstairs features 3 bedrooms, den and 2 bathrooms. Low maintenance yards in the front and back. View of Fraser River and Mount Baker. CLose to all levels of schools, shopping and recreation. OPEN HOUSE Saturday, September 22nd from 2:00pm to 4:00pm.
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Please visit our Open House at 1911 IRONWOOD CRT in Port Moody.
Open House on Saturday, September 22, 2018 2:00PM - 4:00PM
Live in quiet, Mountain Meadows cul-de-sac! Well-maintained Tudor style 3 bedroom + den & 3 bathroom home. Enter into bright sky lit foyer. Living room features beautiful floor to ceiling wood burning fireplace and adjoins with the formal dining room. Bright kitchen features quartz countertops and stainless steel appliances. Family room has a cozy gas fireplace with sliding doors to the private patio outside. Upstairs features 3 bedrooms, den and 2 bathrooms. Low maintenance yards in the front and back. View of Fraser River and Mount Baker. CLose to all levels of schools, shopping and recreation. OPEN HOUSE Saturday, September 22nd from 2:00pm to 4:00pm.
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Please visit our Open House at W409 488 KINGSWAY AVE in Vancouver.
Open House on Sunday, September 16, 2018 2:00PM - 4:00PM
Beautiful, quiet, remodelled 1 bedroom PENTHOUSE unit with bright SOUTHWEST exposure, not facing Kingsway. Newer updates include updated laminate flooring, cabinets, backsplash, windows, bathroom toilet & vanity, kitchen counters and bedroom closets. Enjoy shared roof top patios with spectacular city views! Central location - walking distance to shops, restaurants, cafes, transportation!
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I have listed a new property at W409 488 KINGSWAY AVE in Vancouver.
Beautiful, quiet, remodelled 1 bedroom PENTHOUSE unit with bright SOUTHWEST exposure, not facing Kingsway. Newer updates include updated laminate flooring, cabinets, backsplash, windows, bathroom toilet & vanity, kitchen counters and bedroom closets. Enjoy shared roof top patios with spectacular city views! Central location - walking distance to shops, restaurants, cafes, transportation!
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Certain areas of your home make a good scrub down obvious. Some objects, however, tend to be a bit more forgettable, and dirt, dust, and germs build up without us noticing them. But not anymore! Banish bacteria, dust, and grime on common household objects with these quick and clever tips.

Need a hand during dinner prep? You're likely using one to open the refrigerator door -- even if you just finished handling raw meat. If left untreated, refrigerator, freezer, and oven handles become a breeding ground for germs and bacteria. Scrub handles down once a week with a mix of 1 part hot water and 1 part vinegar.  

2. Toothbrush Holder

Keep your pearly whites clean and your toothbrush holder cleaner. Throw the dirty bathroom accessory in the dishwasher once a week, or sterilize it by hand with hot water and soap. It's also a good idea to sterilize individual toothbrushes, especially during flu season. Boil brushes in water for two to three minutes.

3. Computer Accessories

Think of all the times you've coughed, sneezed, or blown your nose at your desk. Now think of the last time you cleaned your mouse and keyboard. Time to banish bacteria and prevent germs from spreading in your office. Detach your computer's  keyboard and mouse, then dip a soft-bristled toothbrush in soapy water and gently scrub. 

4. Place Mats

Place mats are great at protecting wood finishes from food stains, but they get filthy fast. Rinse plastic or vinyl place mats with warm water and soap. Let dry completely. Fabric mats can be thrown in the laundry machine with like-color linens, but be sure to hand-wash anything embroidered.

5. Handrails

Keep your balance without picking up any pathogens. Use damp paper towels soaked in hot water and vinegar to scrub down railings. Wipe dry with a polishing cloth. Give doorknobs the same disinfection.

6. Light Switches

Grimy hands touch light switches and lamp knobs every day. Disinfect with a slightly damp cloth soaked in hot water and vinegar. Wipe dry with a polishing cloth.

7. Reusable Shopping Bags

  • grocery bag

Reusable shopping bags are great: They hold a ton and provide an environmentally friendly alternative to plastic. However, the bags can start to smell and become a breeding ground for bacteria and mold if not cleaned regularly. Wash cloth grocery bags in your laundry machine, or invest in plastic bags that can easily be wiped down.

8. Ice Cube Trays

  • freezer

It's easy to just refill ice cube trays without a thought, but trays are susceptible to picking up food remnants or odors inside your freezer. Each time they're empty, give the trays a thorough wash with hot water and dish soap.

9. Water Bottles

Put down the bottle. Before you take another sip, draw a hot, soapy bath for it. Let soak for five to 10 minutes. Use a bottle brush to scrub the interior, and utilize a toothpick to get inside the mouthpiece. Rinse thoroughly. 

10. Faucet

Faucets are hands-down the dirtiest thing in your home. Scrub handles daily with hot water and dish soap. For a shiny surface, make a paste with baking soda and vinegar, apply it to the faucet, let sit, then rinse off.   

11. Cup Holders

Latte spilled during a rough commute? We're here to help you out of this sticky situation. Use a rag soaked in hot water and dish soap to scrub the inside of a cup holder. Then use a toothpick to pick off any remaining gunk. Use a clean rag to towel dry. 

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Residential sales forecast to slow further this year but recover next year

 

 

Home sales across Greater Vancouver may be soft so far this year compared with the past couple of years, but that won’t be

enough to bring average prices down, according to a forecast by the British Columbia Real Estate Association (BCREA).

In its quarterly outlook, the BCREA predicted that Greater Vancouver home sales on the MLS for the whole of 2018 will total

37,200 units, which is down 10.7 per cent compared with 2017 – but that transactions will recover somewhat in 2019 to rise

3.7 per cent.

 
 

The report said the average Greater Vancouver home sale price this year will be $1.08 million, which is 4.7 per cent higher

than 2017’s average price of $1.03 million. BCREA added that it expected a continued slight rise of 2.3 per cent next year,

to just over $1.1 million. This average encompasses all property types and all areas of the region, and doesn’t take into

account larger variables between different property types and neighbourhood sub-markets.

“The housing market continues to be supported by a strong economy,” said Cameron Muir, BCREA chief economist.

“However, slower economic growth is expected over the next two years as the economy is nearing full employment and

consumers have stepped back from their 2017 spending spree.”

 

Across the province, residential resales are forecast to fall nine per cent to 94,200 units this year, following 103,700 unit sales

in 2017, and stay flat in 2019. However, the BCREA said that B.C. sales are “expected to remain above the 10-year average

of 84,800 units into 2020.”

BCREA BC home sales forecast into 2019
 
 



 
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I have sold a property at 312 701 KLAHANIE DR in Port Moody.
2 bedroom, 2 bathroom SOUTH-facing condo in Klahanie! Do nothing but move in. Spacious kitchen with stainless steel appliances and granite countertops. Enjoy view of courtyard and park. Rentals allowed. Pet friendly - 2 dogs or 2 cats allowed. Close to all amenities at the Canoe Club, including recreation party room, outdoor pool, hot tub, tennis and basketball courts. Also close to shopping, Skytrain station, breweries, trails and Rocky Point Park!
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I have sold a property at 1213 COTTONWOOD AVE in Coquitlam.
BEAUTIFUL RARE PROPERTY located on quiet street backing onto COMO LAKE PARK. Build your dream home and enjoy unobstructed views of the lake and surrounding park. Current house has 3 bedrooms up, living room with gas fireplace and kitchen. Large covered balcony off of kitchen. Downstairs features large and bright office behind double glass French doors. Rec room includes gas fireplace, 4th bedroom downstairs and another bathroom. Plenty of fruit trees on property. Single attached garage. This home has been in the family since it was new. Close to schools and recreation.
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Please visit our Open House at 1255 CHARTER HILL DR in Coquitlam.
Open House on Saturday, September 1, 2018 2:00PM - 4:00PM
GREAT, PRIVATE FAMILY HOME in Coquitlam backing onto greenbelt and Scott Creek. SUPER close to all levels of schools - Eagle Ridge Elementary, Scott Creek Middle and Gleneagle Secondary are all a block away. Close to bus and the Coquitlam Crunch to get in your morning workout. Extended deck with covered area, perfect for entertaining! Spacious living room features crown moulding, wood-burning fireplace and bay window. Recently repainted. 4 large bedrooms upstairs, including spacious master bedroom with ensuite, new laminate flooring and 3 pc ensuite. 2 bedrooms downstairs has separate entry. Many updates, great TV/rec room downstairs. OPEN HOUSE Saturday, Sept 1 from 2:00pm to 4:00pm.
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Filmed in Vancouver

The production of Bates Motel in action

We’re ready for our close-up! Vancouver’s film and TV show biz pumps $1 billion per year into the local economy, and with blockbuster flicks like Deadpool, Skyscraper, 50 Shades of Grey and Star Trek filmed here, word is out that Vancouver is spreading its own Hollywood glitter.

Chalk it up to lower production costs, close proximity to a range of available backdrops – sparkling ocean, sandy beaches, lush rainforests and soaring mountains, for starters – and a mild climate conducive to year-round shooting. Whatever the case, Vancouver is critically acclaimed by movie producers, directors and celebrities alike. In fact, the city has a long history with celebrity lore, back since Gary Cooper hitched a ride to the Fairmont Hotel Vancouver on a passing street-cleaning machine.

Of course, it’s not just big-name cinematic releases that shoot in Vancouver – plenty of your favourite TV flicks are brought to life here, too. The city has become a sci-fi and fantasy hub, starting back when the original X-Files series filmed in the ‘90s (David Duchovny and Gillian Anderson also returned to shoot the series reboot). Other small-screen fan favourites shot in Vancouver include Riverdale, Lemony Snicket’s A Series of Unfortunate Events, Supernatural, Once Upon a Time, Arrow and The Flash, as well as old-school series spanning the range of 21 Jump Street to MacGyver.

While visiting, take note of big white trailers parked around the city, with cables snaking down footpaths and casually dressed crews milling about with walkie-talkies – you might be witnessing the makings of the next Hollywood blockbuster.  That’s a wrap!

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I have sold a property at 305 5689 KINGS RD in Vancouver.
PERFECT FOR STUDENTS AND/OR INVESTORS! 2 bedroom 2 bathroom condo in Vancouver - prime location. Close to UBC, UBC Hospital, shopping and recreation. Spacious living room and well-appointed bedrooms. 2 balconies - access from living room and another off of master bedroom. Enjoy views of mountains. Don't miss out today!
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I have sold a property at 1155 ESPERANZA DR in Coquitlam.
Nice 2 level home in a great neighbourhood. Level, fenced backyard looks onto greenbelt with trails to Coquitlam River. Great location, popular neighbourhood, close to everything. Walk to schools, Douglas College, Town Center Park, Coquitlam Centre, skytrain, transportation, LaFarge Lake etc. Be sure to view this home!
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I have listed a new property at 312 701 KLAHANIE DR in Port Moody.
2 bedroom, 2 bathroom SOUTH-facing condo in Klahanie! Do nothing but move in. Spacious kitchen with stainless steel appliances and granite countertops. Enjoy view of courtyard and park. Rentals allowed. Pet friendly - 2 dogs or 2 cats allowed. Close to all amenities at the Canoe Club, including recreation party room, outdoor pool, hot tub, tennis and basketball courts. Also close to shopping, Skytrain station, breweries, trails and Rocky Point Park! OPEN HOUSE Sat, Aug 25 from 2-4pm.
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Please visit our Open House at 312 701 KLAHANIE DR in Port Moody.
Open House on Saturday, August 25, 2018 2:00PM - 4:00PM
2 bedroom, 2 bathroom SOUTH-facing condo in Klahanie! Do nothing but move in. Spacious kitchen with stainless steel appliances and granite countertops. Enjoy view of courtyard and park. Rentals allowed. Pet friendly - 2 dogs or 2 cats allowed. Close to all amenities at the Canoe Club, including recreation party room, outdoor pool, hot tub, tennis and basketball courts. Also close to shopping, Skytrain station, breweries, trails and Rocky Point Park! OPEN HOUSE Sat, Aug 25 from 2-4pm.
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The garage is often the last place in a home that gets organized. But with the right plan and some motivation, you can organize and clean your garage in no time. Here are eight ways to organize your garage.

1. Pegboard Organizer

A pegboard holding tools.

Pegboards are great for organizing small tools and supplies in a neat and orderly fashion. Not only are they easy to install, but you can cut them down to whatever size you need and put them pretty much anywhere on the wall. Pegboards are best suited for smaller items, such as screwdrivers, hammers, measuring tools, and gardening items. You can also draw outlines of each item on the pegboard so you know where everything goes and when something is missing.

2. Vertical Storage

A bike hanging on a wall.

Storing larger items vertically is a great way to free up floor space in your garage. Bicycles, for instance, can be stored vertically on a pole or hung on the ceiling with hooks. Just ensure you are using a secure method when storing things vertically and make sure they do not interfere with the movement of the garage door.

3. Slat Wall Storage

Tools on wall storage unit.

A slat wall is another great solution for organizing loose items in your garage. While similar to a pegboard, a slat wall is stronger and can hold larger items, such as shovels, rakes, brooms and even garden hoses. You can use hooks to mount items or install baskets to store smaller things, like paint brushes or cleaning supplies.

4. Movable Workbenches

A workbench in a garage.

Workbenches are handy for DIY projects but they can get in the way when they are not in use. An easy solution to this problem is building a worktable that can be folded up and tucked away at the end of the day. If you already have a workbench, you can put castors on the legs to make it mobile. You might not be able to hide it in a corner, but you will be able to move it out of the way when you are not working on a big project.

5. Sports Storage

Storage containers with sports balls.

Storing sports equipment in the garage can be challenging, but there are easy solutions out there to keep everything neat and organized. For balls, consider hanging a wire wall basket. These handy devices make it easy to retrieve the ball when you need it while also keeping them from rolling all over the garage. For larger sports equipment, such as baseball bats and hockey sticks, you can store them upright in an old pallet. You can also build a rolling cart for the equipment, complete with shelving space and a wire basket for balls.

6. Ceiling Storage

An organized garage with lots of storage.

When organizing the garage, the biggest key is to free up as much floor space as possible. One of the best ways to do this is by installing storage options in the ceiling. There are a number of ways you can do this and your preference depends largely on what you need stored. If you have a lot of loose items, for instance, you can build a vertical shelf that will hold large tubs for storage. This is a great solution for seasonal items, such as Christmas decorations.

7. Shelves

A garage with a blue shelving unit.

Adding shelving in the garage is one of the easiest and most popular ways to get organized. You can build shelves out of an array of different materials, including recycled goods, and place them wherever you have wall space. If you are installing shelves, consider placing items in larger containers to help keep everything organized and looking neat.

8. Create Groupings

A garage with items organized by group on shelves.

Before you begin hanging things and tidying up, it is important to organize all of the items you have accumulated over the years. An easy way to get started is by grouping things together based on their similarities. Put all of the gardening supplies, for instance, in the same group and mark a space for them in your storage system. This will help you get better organized and give you a better idea of the types of storage you need.

 
 
 


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Home sales in the Vancouver region have tumbled to their lowest level in six years while prices flatline, with listings languishing on the market.

There have been fewer home buyers recently but prices tend to be slow to react before declining, said real estate economist Tom Davidoff of the University of British Columbia’s Sauder School of Business.

“Prices are slow to adjust,” Mr. Davidoff said in an interview on Wednesday. “But there are reasons for optimism if you’re a millennial buyer. The price momentum has certainly slowed and there is reason to think you will see a further softening of the market going forward.”

 

Total residential sales volume last month fell to 2,425 transactions, down 37.7 per cent from 3,893 sales in June, 2017. Last month’s sales, the lowest for June since 2012, were 28.7 per cent under the 10-year average for the month, according to the Real Estate Board of Greater Vancouver.

“Before prices fall, you tend to see sales activity fall first,” Mr. Davidoff said.

 

The benchmark price for all housing types in Greater Vancouver has flattened, slipping to $1,093,600 − down $400 from the previous month but up 9.5 per cent since June, 2017.

The benchmark price is an industry representation of the typical home sold in an area.

“Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years,” board president Phil Moore said in a statement.

The total number of listings soared to 11,947 last month, up 40.3 per cent from 8,515 in June, 2017.

“Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today,” Mr. Moore said.

 

Prices were flat month-over-month for townhouses sold, with the benchmark reaching $859,800 in June, up $300 from May and a 15.3-per-cent gain over the past year.

Prices began surging regionally in mid-2013. Those huge spikes ended in mid-2016, shortly before the B.C. government introduced the foreign-buyers tax in August of that year for the Vancouver area.

The average price for detached houses sold in Greater Vancouver reached $1,754,795 last month, up 2.4 per cent from a year earlier. The region’s condo market saw a 5.7-per-cent gain over the past year to hit an average of $693,626.

The Fraser Valley Real Estate Board saw a total of 1,452 sales last month, down 43.5 per cent from a year earlier. In the board’s territory, which includes the sprawling suburb of Surrey, the average price for all residential property types dipped to $748,709 last month, down 0.4 per cent from June, 2017.

On the higher-end part of the market, prices are dropping. On Vancouver’s west side, the benchmark price for detached properties slipped to $3,392,500 in June, down 1.1 per cent over the past month and a 6.5-per-cent decrease over the past year.

An annual 0.2-per-cent property surtax will be imposed by British Columbia’s NDP government on the portion valued above $3-million and up to and including $4-million; for the portion above $4-million, a 0.4-per-cent annual rate applies.

 

For example, the owner of a property assessed at $4-million will fork over extra taxes of $2,000 next year, while the owner of a $6-million home will cough up an extra $10,000.

The NDP got the idea of the surtax from Rhys Kesselman, professor emeritus at Simon Fraser University’s School of Public Policy, who proposed the concept in early 2016, although he envisaged a formula that would have lessened the surtax burden on homeowners who pay B.C. income tax.

Mr. Davidoff, who supports the surtax, has been the target of booing at protests against the NDP’s housing policies.

He said many homeowners perceive their large price gains are the result of hard work and skill in investing in housing as an asset, but that clashes with the NDP’s view that the time is ripe to tax millionaires who benefited through sheer luck from the real estate boom. “Of course you want to avoid taxing those who scrimp and save,” Mr. Davidoff said.

Benchmark prices in Greater Vancouver for detached houses are up 0.7 per cent over the past year to $1,598,200. Whistler, B.C., has been one of markets escaping the cooling-off trend, with the benchmark price for detached properties rising 9.5 per cent over the past year to hit $1,716,200 in June.

 
 
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I have sold a property at 40 2951 PANORAMA DR in Coquitlam.
BRIGHT, 2433 sq/ft 4 bedroom 4 bathroom townhouse on Westwood Plateau! Panoramic views w/ southern exposure, surrounded by creeks & greenbelt. Enjoy vaulted ceilings & 9 ft ceilings on main floor with high-end German laminate flooring. Kitchen leads into dining room w/ balcony access. Spacious living room & eating area complete main floor. Upstairs are 3 bedrooms, including master bedroom w/ sitting area, renovated ensuite & private balcony. Walk-out basement has large recreation room, 1 bedroom & bathroom. Features built-in alarm system, newer washer and dryer & some Hunter-Douglas blinds. Private, south-facing yard. Close to schools, parks and trails - within 5 min drive to Coquitlam Centre, Skytrain & recreation.
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