Robert Moore

604-506-8965
Robert Moore
Cell:604-506-8965
Office:604-689-8226
Fax:604-689-8206
Dexter Associates Realty
1399 Homer Street
Vancouver, British Columbia
V6B 5M9 Canada

Communities

     Burnaby East

     Burnaby North

     Burnaby South

     Coal Harbour

     Coquitlam

     Dunbar

     Fairview

     False Creek

     Kitsilano

     Ladner

     Mount Pleasant East

     Mount Pleasant West

     North Vancouver

     Point Grey

     Port Moody

     Richmond

     Tsawwassen

     Vancouver Downtown

     Vancouver East

     Vancouver West

     West End

     West Vancouver

     Yaletown

Welcome

I love my job and I'm good at it. I've been working in the real estate industry for 13 years. A 36 year Vancouver resident, I've got the market knowledge and experience you need. Vancouver has changed a lot in the last 10 years and its going to change a lot in the next 10. The economy is strong and the market is busy. I tend to your best interests! All you have to do is call or email me.


              Ph: 604-506-8965 email: robertmoore@shaw.ca 

Summer 2017 – Condos are Hot, Stay Buckled In


Where is the market going in the next 10 years?  Lets start by looking at what's happening right now. 

 

Condos are Booming and Boomers are Doing it

Today - there’s a very strong desire for single floor living amongst the age 50/60 plus crowd. Boomers happen to be downsizing into the exact same condos that young upcoming families are upsizing into. Buyers at different stages of life are competing for the same space. The result is strong demand and low supply, buyers are competing with each  other and multiple offers on condos are the norm. 

 

Condos and Townhouses Values were Flat for 5 Years

Looking at the 10-year graphs for condos and townhouses, those markets were flat for 5 years, from 2010 to 2015! One would never know that by the way the media and politicians carry on. 


Factors Driving our Market Today

  • The age 50/60 plus crowd are downsizing, selling detached houses and buying condos/townhouses
  • Some sellers selling out, cashing out and moving out to outlying areas
  • Our very strong BC economy
  • Huge Canadian immigration numbers 300,000 + new Canadians annually
  • Low mortgage rates (goes without saying but have to include it anyway)
  • Last but not least, our geographic constraints haven’t changed! We’re still surrounded by mountains, the Pacific Ocean, English Bay, the US border and ALR farmland

The Gap Between Attached and Detached has Decreased

The differential in home values between attached and detached housing is narrowing, as it should. As single-family homes began their rapid 60% ascent in 2015, condos and townhouses were left behind, but now attached home values have risen to catch up. The market is repairing itself by returning to a more normal differential gap between attached and detached. If we were in a bubble, detached houses would have seriously corrected by now – but that hasn’t happened; instead of that happening, condos and townhouse values are increasing in value to bridge that gap. 

 

What's Next

There have been long periods of flatness in the condo and townhouse market. This will happen again! For every condo tower that goes up, there are less and less single-family homes. The single-family home will always rule the roost, just not right now. This too will change. Vancouver real estate will always continue to surprise and amaze. The last 10 years has seen significant change, I believe the next 10 years will see even more change. 

 

 

Real Estate Resources

Whether you are buying or selling your home, using a real estate agent is a smart decision. Take the stress out of  your real estate transaction, use the resources on this site to help get you started in the process. If you have any questions please don't hesitate to contact me.