Belated Thanksgiving greetings to everyone - I hope you enjoyed a lovely long weekend with family and friends!

Shifting to the always-fascinating topic of real estate: While the impact of foreign buyers on prices is a hot topic, the basic economics of supply and demand are at play - details below.

Real Estate Matters

Here's the real estate board's video summary of September listings & sales results. The Realtor View segment has a great comparison of supply/demand/prices in 2015 to previous years

See how the Lower Mainland stacks up against other areas of the province in BCREA's September report

Vancouver's booming economy will likely translate into higher house prices

Early predictions for 2016: Flight to the suburbs is the future of real estate in expensive markets like Vancouver and TO

With a nod to the upcoming election, which party has wowed voters with its policies on affordable housing?

(As a boomer, this one caught my eye) Downsizing - go small, think big. MoneySense magazine has the details

Email Kathy

604 329 1405

Market Statistics for September 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!

The number of homes for sale hasn't been keeping with demand, continuing to place upward pressure on prices. For the details, 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

Below is a sampling of homes currently on the market across the Lower Mainland.

If you want any additional information, let me know!

CLICK ON THE PHOTOS TO SEE ADDITIONAL PICTURES.

Lower Lonsdale North Vancouver	Mount Pleasant Vancouver East	King George Corridor South Surrey/WR

Contemporary 1/2 duplex, fully renovated. 3 bdrms, 1500 sf. Built-in media system List $1.05M	Unique town home in Strathcona landmark bldg circa 1940. Developed in 2010 List $999K	1800 sf character home on huge lot with private yard. Extensive renos & updates List 730K

Glenbrooke North New Westminster	Woodland Acres Port Coquitlam	East Burnaby

1947 bungalow with 3 bdrms on main flr. Updated kitchen & baths. Great landscaping! List $820K	Well-maintained 4 bdrm home in quiet family neighbourhood, close to Evergreen Line List $749K	Quiet street & mountain views! Well-maintained 4 bdrm home with 1 bdrm suite List $950K

Closing Thoughts

If you have ever been curious to see inside of laneway houses, check out the Vancouver Heritage Foundation's Laneway House Tour on Oct. 24. And for the kids (or grand kids,
or kids-at-heart), here are five can't miss Halloween activities around town.

Enjoy the sunny days while they're here! Some much-needed wet weather is on its way.

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