Hi everyone!

Rising home prices and a long dry summer - two hot topics for Metro Vancouver! The southern coast & Lower Fraser have now been declared a Stage 4 drought. At the risk of sounding preachy, we can all do our part to conserve water. Click here for some excellent tips.

Real Estate Matters

Here's the REBGV's Housing Market Update for June - a record setting month! The increasing number of buyers competing for fewer home listings has been pushing prices upwards. For example, detached home prices are 15% higher than a year ago.

Did the BoC rate cut just add fuel to the blistering housing market? Here's what to expect for mortgage rates

Is home ownership unattainable in this market? Not if buyers take time to read the market

Planning to rent out your home while you're on vacation (think Airbnb)? Make sure you're insured for the risks involved

With the low loonie, are you considering a vacation property closer to home vs the US? Check out some affordable areas

For fun - 18 pools to keep your summertime cool!

Email Kathy

604 329 1405

Market Statistics for June 2015

SnapStats Reports are a great way to keep on top of what's happening in specific cities an neighbourhoods across the Lower Mainland each month:

- The Metro Vancouver report covers Vancouver, West Van, North Van & Richmond

- Burnaby, New West, Tri-Cities & Ridge Meadows, are in the Greater Vancouver report

- Fraser Valley report covers the south side of the river to Abbotsford/Mission

Keep an eye on price trends!

To better understand house price trends, check out the statistics from the Greater Vancouver and Fraser Valley real estate boards. They report on Home Price Index changes by city & property type (similar to the CPI). You can also find copies of these reports on my website on the tab How's the Market?

Market in Action

For fun: below are 3 of the most expensive homes on the market

with outdoor pools.

CLICK ON THE PHOTOS TO SEE ADDITIONAL PICTURES.

Point Grey Vancouver	Caulfield West Vancouver	Whytecliff West Vancouver

Wow! 9600 sf custom home on a private 29,000 sf lot. Panoramic views List $36.8M	For only $25M, this 1.5 acre waterfront estate built in 1952 could be yours List $25M	Newly constructed waterfront mansion, with a spot for visiting yachts to anchor List $23M

Closing Thoughts

There's nothing like attending a festival on a hot day! Festivalseekers.com has the most comprehensive list of festivals across BC and Alberta. You can search by theme (food, music) and by region. Happy trails!

And if you want to put in an offer on one of those lovely mansions above, just give me a shout...

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