{"id":16195,"date":"2020-12-23T18:30:49","date_gmt":"2020-12-24T02:30:49","guid":{"rendered":"https:\/\/www.vancouvernewcondos.com\/?p=16195"},"modified":"2020-12-23T18:30:49","modified_gmt":"2020-12-24T02:30:49","slug":"hot-areas-to-invest-in-vancouver-december-webinar","status":"publish","type":"post","link":"https:\/\/www.vancouvernewcondos.com\/hot-areas-to-invest-in-vancouver-december-webinar\/","title":{"rendered":"&#8216;Hot Areas to Invest in Vancouver&#8217; December Webinar"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/aZIaDqatxvY\" width=\"668\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p><span>Hot Areas to Invest in Vancouver<\/span><\/p>\n<p>December 17, 2020<\/p>\n<p><span><strong>Christian Dy, Latitude West Financial<\/strong><\/span><\/p>\n<p><strong><span>Mike Stewart, Oakwyn Realty Downtown<\/span><\/strong><span><br \/>\n<em>Top producing realtor since 2005<\/em><br \/>\n<a href=\"https:\/\/www.vancouvernewcondos.com\">vancouvernewcondos.com<\/a> or <a href=\"http:\/\/www.mikestewart.ca\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">mikestewart.ca<\/a><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-16196 aligncenter\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture1-360x262.png\" alt=\"Hot Areas to Invest in Vancouver: December Title Card\" width=\"360\" height=\"262\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture1-360x262.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture1.png 477w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-15296 aligncenter\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/09\/Disclaimer-360x234.png\" alt=\"Photo of Disclaimer reminder\" width=\"360\" height=\"234\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/09\/Disclaimer-360x234.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/09\/Disclaimer.png 477w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><strong><span>Market update<\/span><\/strong><\/p>\n<ul>\n<li><span> <\/span><span>Real estate in Vancouver is doing very well.<\/span><\/li>\n<li><span> <\/span><span>November sales are up 24.6% above the 10-year average. Only twice in the past 10 years has this actually happened.<\/span><\/li>\n<li><span> <\/span><span>Analysts are predicting sales prices will go down when the sales-to-listing ratio (sales divided by listings) is below 12. The higher the number, the greater the upward pressure on prices. Right now in Vancouver, we\u2019re at 27.9% for detached homes, 40% for townhouses, and 23.9% for condos.<\/span><\/li>\n<\/ul>\n<p><span>What does this mean for 2021? With the low interest rate environment, prices shouldn\u2019t be going down. Things are heating up; I\u2019ve got clients getting outbid right now. The market is trending up for those looking to sell.<\/span><span>\u00a0<\/span><\/p>\n<p><strong><span>As compared to the stock markets<\/span><\/strong><span>:<\/span><\/p>\n<ul>\n<li><span> <\/span><span>2020 was a fantastic time to be in the markets if you were putting new money in when COVID hit from March-June, but the markets have really recovered and we\u2019re back to pre-COVID levels.<\/span><\/li>\n<li><span> <\/span><span>If you need to move money, is the stock market good for new money right now? Tom Lee from Fundstrat says there will be a cooling pulling back period in quarter 1. This makes sense because so many things went up so much, so fast (e.g. Disney, Tesla). He believes by the end of the year, we\u2019ll be back to normal market conditions and finish strong by quarter 4.<\/span><\/li>\n<li><span> <\/span><span>But I\u2019m looking at real estate\u2014I think it\u2019s the better opportunity in 2021 especially with the low interest rates.<\/span><\/li>\n<\/ul>\n<p><span>\u00a0<\/span><strong><span>Real estate prices in the Lower Mainland<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-16198 size-medium\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture2-360x240.jpg\" alt=\"List of Real Estate Prices in Vancouver \" width=\"360\" height=\"240\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture2-360x240.jpg 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture2-750x501.jpg 750w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture2-768x513.jpg 768w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture2-480x321.jpg 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture2.jpg 885w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><span>If we look at the statistics of benchmark residential prices right now compared to the one-year change, <em>every single<\/em> one-year change is up from last year. The three-year change is up and down but mostly hovers near zero. Depending on the area, we\u2019re kind of at 2017 pricing\u2014for example, Vancouver East at -1.1% is basically what we had back then. However, West Vancouver is actually down 11% from three years ago. So, there are opportunities out there for some fairly good deals. If you\u2019re wondering whether we\u2019re headed for a crash, take a look at the five and ten-year changes\u2014in the short term there could be some volatility, but in the long term, our market has always been strong and not in the negative over this time period.<\/span><\/p>\n<p><strong><span>Yes, in 2017 many markets peaked<\/span><\/strong><span>. Some markets, particularly West Vancouver, the west side of Vancouver, Richmond, and other places highly affected by the overseas money flowing in before the foreign buyers\u2019 tax was implemented, experienced price declines from 2016 and 2017\u00a0. The west side of Vancouver has really picked up. Even though Richmond and West Vancouver haven\u2019t, I do think they will too because of what\u2019s happening in markets like East Vancouver, North Vancouver, and various other single-family home neighbourhoods.<\/span><\/p>\n<p><span>We\u2019re seeing competing offers and these markets going absolutely crazy\u2014I had a client looking at a 1985, 3,500 square-foot three-bed, two-bath house on a 6,000 square-foot lot in the Grand Boulevard area in immaculate condition, listed at $1.599 million and sold for $1.905 million. Just last week, I had clients purchase a house in East Vancouver in the Broad View area\u2014it was 1,912 square feet on a 33&#215;122 lot \u00a0with water views\u2014listed at $1.399 million and bought for $1.635 million.<\/span><\/p>\n<p><span>The single-family house market is <em>on fire<\/em> right now, though we\u2019re not seeing that across the board.<\/span><\/p>\n<p><strong><span>I think it depends on the area and on what it is<\/span><\/strong><span>. Just this last week, a family member put in an offer on a house, and she fits the profile of many people: lived in a townhouse that\u2019s probably worth $850,000 and wanted to upgrade to a house that\u2019s listed at about $1.3 million. She knew there would be multiple offers and put her best foot forward by offering $100,000 over asking, but she was out-bid. It depends on how things are priced; this is just one story about one person, but it is an indication of what\u2019s going on.<\/span><\/p>\n<p><span>\u00a0<\/span><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16200\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture3-360x240.png\" alt=\"Slide of questions - Real Estate \" width=\"360\" height=\"240\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture3-360x240.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture3-480x320.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture3.png 679w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><strong><span>What is happening right now with Vancouver real estate?<\/span><\/strong><\/p>\n<p><span>We\u2019re seeing a very uneven market situation. For anything that\u2019s low density and offers people the opportunity for physical distancing, we\u2019ve seen <em>significant<\/em> rises in sales and sales ratios. The most recent stats mention areas we\u2019ve discussed before, like the Sunshine Coast and Gulf Islands\u2014we\u2019re seeing the largest year-over-year increase in demand on the Sunshine Coast. This past November, it saw 106 home sales \u2013 an 82.8% increase from November 2019. There are huge surges in sales and prices there and in places like the Fraser Valley, Squamish, and the Okanagan.<\/span><\/p>\n<p><span>Locally-oriented markets like East and North Vancouver are seeing multiple offers on single-family houses, whereas condos in downtown Vancouver have been very soft until quite recently. I do a lot of business there and up until about three weeks ago, listings were dead and people were getting very good prices downtown.<\/span><\/p>\n<p><span>We\u2019re basically seeing high-density places with lower sales ratios than low-density places, but, interestingly, it isn\u2019t uniform. Huge demand is in places more affordable to the local market, whereas places like West Vancouver and the west side of Vancouver aren\u2019t so hot \u2013 particularly West Vancouver, which is a soft and quiet buyers\u2019 market right now \u2013 you can negotiate on price. You can also negotiate on price for downtown properties\u2014one-bedrooms were very slow and now the sales activity is at a lower price point than it would have been in 2017 and, unfortunately, late last year.\u00a0<\/span><\/p>\n<p><strong><span>For properties that are priced right, how are discounts looking? Should we be going in at asking? 95% of asking?<\/span><\/strong><\/p>\n<p><span>It really depends on the property. You can negotiate more on larger condos than smaller ones. If you\u2019re not competing, there\u2019s no need to go in over-asking. Talk to your realtor and let them help you understand what\u2019s happening in the market and the particular situation of the place you\u2019re looking at. A good realtor can advise you on how to get the property in the way you want to\u2014not everyone wants to be involved in a multiple-offer situation. Some do, but the key is to talk to your realtor.<\/span><\/p>\n<p><span>Get out and look at places over the holidays\u2014it\u2019s a good time for buyers because many sellers still out there are extremely motivated. A lot of people just aren\u2019t doing much because of COVID and the holiday season; they\u2019re distracted by family stuff.<\/span><\/p>\n<p><strong><span>If people are considering a purchase but aren\u2019t pre-approved, they should do so to get these low interest rates! For 120 days from pre-approval, you still get the lower rate even if it goes down further. It also helps because you\u2019ll know what you qualify for\u2014there\u2019s no sense in putting in a bid otherwise.<\/span><\/strong><\/p>\n<p><strong><span>For the 2021 future outlook, there\u2019s no sign that prices will go down, but which areas of the Lower Mainland will be strong? Where should people be nervous about where bidding wars could start up again?<\/span><\/strong><\/p>\n<p><span>I think across the board, everything will boom and see increased demand. Right now, high density stuff has a lower sales ratio but once the vaccine rolls out, many people will be tired of low density living and feeling isolated and bored. They\u2019ll want to live in the downtown core and we\u2019ll see a revitalization there. Right now, you want to buy stuff people don\u2019t <em>currently<\/em> want but that they do <em>normally<\/em> want, which is in the downtown core.<\/span><\/p>\n<p><span>HSBC came out with a <em>0.99%<\/em> mortgage, which is unprecedented. It is an insured mortgage, so you must put down less than 20%, but still! They are also offering a 1.395% fixed, and 1.595% fixed mortgages are everywhere. With these ultra-low interest rates combined with the amount of stimulus going into the economy in the form of quantitative easing (basically, printing money and massive deficit spending of the provincial and federal governments), the real estate market can really go nowhere but up.<\/span><\/p>\n<p><span>So, even though low density is currently in higher demand than high density, that could change with the vaccine and people feeling more comfortable living downtown. Another reason why apartment condos are a really good deal right now is because the people who own and rent them out, particularly furnished rentals, are having issues because:<\/span><\/p>\n<ul>\n<li><span> <\/span><span>They typically rely on a lot of immigrant tenants who tend to rent and live in the core of a city before getting to know it and purchasing property in the suburbs\u2014but there is no immigration right now. This also applies to international students, who rent suites in the core of the city near educational institutions, but we don\u2019t have these students right now, and<\/span><\/li>\n<li><span> <\/span><span>Since there is no travel, there are currently little to no Airbnb or other vacation rentals.<\/span><\/li>\n<\/ul>\n<p><span>So, it\u2019s a good time to buy a revenue property in a location with immigration, foreign students, and Airbnb. Sellers are having trouble but still might <em>have<\/em> to sell, so they\u2019ll go for less than what they would have in 2017 or 2019.<\/span><\/p>\n<p><span>Detached houses are a great bet because they\u2019re not making any more of them or building on new land. If anything, the amount of lots is constricting every time a condo building is constructed because they\u2019re primarily built on assembled single-family house lots.<\/span><\/p>\n<p><span>With the unprecedented stimulus going into the economy, you\u2019ll see the real estate market boom. I\u2019ll be buying revenue properties in the next few months, along with a larger house. If you get a $600,000 revenue property at 1.59% with a 25-year amortization, just your principal payment will pay down almost your whole down payment in five years (about $100,000 or $20,000 per year in principal). It\u2019s shocking.<\/span><\/p>\n<p><strong><span>I want to expand my portfolio and take advantage of these rates and the wonderful things going on. Take a look at what people <em>don\u2019t<\/em> want right now\u2014the problem is when people chase the things that everyone else wants because that\u2019s when you see bidding wars and upward prices. The cycle will shift again.<\/span><\/strong><\/p>\n<p><span>Yes, it will. I\u2019ve seen it shift so many times.<\/span><\/p>\n<p><span>This is the time to buy condos. We\u2019ve also been looking at single-family houses in the Okanagan\u2014in Kelowna, you can get them for $750,000 and if you\u2019re lucky, you\u2019ll earn $3,500 in rent each month. With 20% down, it\u2019s cash-flowing. The reason why these low interest rates are so powerful is they\u2019re making housing so much more affordable for so many people\u2014the principal paydown on these 1-1.59% mortgages is <em>unprecedented<\/em>. It\u2019s better than renting, because you\u2019re getting back 70% of your mortgage payment.<\/span><\/p>\n<p><strong><span>Latitude West<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16203\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture4-360x223.png\" alt=\"Real Estate Graph\" width=\"360\" height=\"223\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture4-360x223.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture4-480x297.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture4.png 689w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><span>To accelerate your wealth, my philosophy at Latitude West is not putting all of your money in the stock market. Some people at high levels do make money this way, but I think the average person will do best using this formula with some money in the stock market and some in real estate, and not just in your own property but in more than one property. You also need access to cash in reserve to take advantage of opportunities <em>either <\/em>in the stock market (like we did in March) or in real estate, like I think we\u2019ll be doing in 2021.<\/span><\/p>\n<p><strong><span>I invite you to look outside your narrow view of investing and to talk to and work with someone like myself.<\/span><\/strong><\/p>\n<p><span>Here are some case studies of my typical clients.<\/span><\/p>\n<ul>\n<li><span> <\/span><span>Newlyweds, each of whom own a condo<\/span><\/li>\n<li><span> <\/span><span>They want to start a family and upgrade their home<\/span><\/li>\n<li><span> <\/span><span>Options:<\/span>\n<ul>\n<li><span> <\/span><span>Sell both and upgrade<\/span><\/li>\n<li><span> <\/span><span>Keep both as rentals and save up for a down payment on an upgraded home<\/span><\/li>\n<li><span> <\/span><span>Keep one as a rental and sell the other for a down payment, but which one?<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><em><span>This is a perfect example that\u2019s literally valued at hundreds of thousands of dollars if they make the wrong move or make a mistake!<\/span><\/em><\/p>\n<p><span>There is no clear answer unless they do a cost-benefit analysis with multiple pieces of information, such as interest rates, growth rates, and locations, which is something I do with my clients. They know the options but aren\u2019t sure what to do. I wouldn\u2019t take any advisor\u2019s advice without a cost-benefit analysis to back it up.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16205\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture5-360x221.png\" alt=\"Photo of Case example \" width=\"360\" height=\"221\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture5-360x221.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture5-750x461.png 750w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture5-480x295.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture5.png 764w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><span>Another example is with the many professionals I work with, like dentists and doctors. They may own a successful practice, be personally incorporated, and have two real estate properties and some stocks. They want to buy more real estate, but they also fall into a high tax bracket and would like to see it lower. To obtain a down payment, their options could be to sell stocks, sell an existing property, or leverage off of existing real estate. They also need to decide whether this gets done through a holding company, a joint venture, or owning the property themselves.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16207\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture6-360x232.png\" alt=\"Photo of case example\" width=\"360\" height=\"232\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture6-360x232.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture6-480x309.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture6.png 750w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><span>These are smart people who may not have the background or analytical experience to know the best option, and this goes far beyond mutual fund investing\u2014it\u2019s high-level analysis and it\u2019s what I do for my clients who mostly come to me for my real estate experience. This analysis is what professionals are there for and I encourage you to contact me if you\u2019re in this type of scenario.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16209\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture7-360x230.png\" alt=\"Cost Benefit Analysis chart\" width=\"360\" height=\"230\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture7-360x230.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture7-480x307.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture7.png 716w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><strong><span>You may have exhausted the resources of your financial team and need someone more specialized who can, for instance, show you the value of having two properties vs. three depending on your financial and job situations, and your goals.<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16211\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture8-360x251.png\" alt=\"Real Estate graph\" width=\"360\" height=\"251\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture8-360x251.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture8-480x334.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture8.png 625w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16213\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture9-360x245.png\" alt=\"Real Estate graph\" width=\"360\" height=\"245\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture9-360x245.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture9-480x327.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture9.png 622w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n<p><span>I invite you to use not just an advisor but the <em>correct<\/em> advisor\u2014statistically, people\u2019s wealth goes up further when they don\u2019t try to do things on their own and use an advisor. There have been numerous studies showing this. I show clients strategies that they&#8217;ve never even heard of, especially if they\u2019re incorporated with an operating company they\u2019re turning into a holding company.<\/span><\/p>\n<p><strong><span>Final thoughts:<\/span><\/strong><\/p>\n<ul>\n<li><span> <\/span><span>Don\u2019t try to time the real estate or stock markets \u2013 instead, use good advisors with strategies to guide you.<\/span><\/li>\n<li><span> <\/span><span>Because interest rates will stay very low, demand for real estate will be very high in 2021, and I can\u2019t see prices going down.<\/span><\/li>\n<li><span> <\/span><span>I review my clients\u2019 strategies to ensure they\u2019re taking advantage of opportunities in a safe way. Set up a phone call with me to see how I can add value and if what you\u2019re currently investing in makes sense.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16215\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture10-360x271.png\" alt=\"Contact information card\" width=\"360\" height=\"271\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture10-360x271.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture10-480x361.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2020\/12\/Picture10.png 581w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff\ufeff\ufeff\ufeff\ufeff Hot Areas to Invest in Vancouver December 17, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update Real estate in Vancouver is doing very well. November sales are up 24.6% above the 10-year average. Only twice in the past 10 years has&#8230;<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[4018,2486,4026],"tags":[4544,4545,2504,4090,2496],"taxonomy_info":{"category":[{"value":4018,"label":"Fraser Valley Real Estate Board (FVREB) Monthly Sales Statistics"},{"value":2486,"label":"Real Estate Board of Greater Vancouver (REBGV) Monthly Sales Statistics"},{"value":4026,"label":"Victoria Real Estate Board (VREB) Monthly Sales 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