Greater Vancouver, Fraser Valley real estate boards report 50,870 homes sold  in record-setting 2020 | Georgia Straight Vancouver's News & Entertainment  Weekly

The Metro Vancouver market is still steaming, but it is slowing down, not just locally, but across the country.

Yes, sanity appears to be returning after a wild start to spring.

The number of homes that sold in April fell by 12.5%, compared with the all-time high set in March, according to the Canadian Real Estate Association.

The Association said that 60,697 homes sold across the country last month, down from 69,702 in March, while close to 85% of all local markets, including almost all of BC, saw sales declines.

Sold Home For Sale Sign in Front of Beautiful New House. - reAdvicereAdvice

However, sales in April were still a record for the month and up 256% compared with a year ago, when the onset of COVID-19 kept people out of the market.

The national average home price was a little under $696,000 in April, up 41.9% from last year when the average price was $490,082.

Excluding Metro Vancouver and the Great Toronto areas, the national average is more than $144,000 lower.

Even though sales in many markets remain high, we appear to be seeing signs of 'buyer fatigue'.


WEST VANCOUVER MODERN HOMES UPDATE Albrighton Real Estate, Vancouver Lofts,  Modern Architectural Homes

While home ownership continues to be far out of reach for many families, new stats show that in West Vancouver, almost 28% of home owners own multilple properties. 

Of those 19% own 2 properties, but over 5% own 3 properties over and 3% own 4 or more properties.

It's an interesting question knowing the kind of struggles that many people have looking to buy their first home when we have a proportion of the population that has two or three or four homes or more.

Vancouver Real Estate & Luxury Homes - Brock Smeaton

In the District of North Vancouver, fewer people own multiple properties than in West Vancouver, but there are still more multiple-property owner there than in Metro Vancouver as a whole.

Over 19% of North Van homeowners own more than 1 home, and of those 14.6% own 2, 3.3% own 3 and 1.5% own 4 or more.

In Metro Vancouver as a whole, 16.4% of owners own multiple properties.

For the Mayor of West Vancouver, Mary-Ann Booth, she is not surprised by these stats. She says, "we have 1,700 empty houses in West Van, and we are a magnet for foreign investment. For plunking money into real estate or whatever reason."

It's a bit of a vicious cycle. It appears the only way you can afford to live in West Van is to have a lot of money, and the way you can make money the quickest is to buy and sell real estate.


NHL mom repays son's childhood arena manager with kidney | CTV News

Throughout the many years that Graham Nesbitt managed the locat skating arena in Seaforth, Ontario, he routinely went above and beyond the call of duty - opening the rink early, staying late, and even in the face of snowstorms - to ensure neighbourhood kids could get in as many hours on the ice as possible.

NHL star's mom donates kidney to arena manager who let her boys skate extra  hours | CBC News

Ryan O'Reilly, the captain of the Stanley Cup winning St. Louis Blues mother, Bonnie, was so grateful for Nesbitt's dedication to her 2 sons and all the other young players,lined up to be tested to see if she might be a match when she learned Nesbitt need a kidney donation.

Once O'Reilly learned that she was a match, the only thing left to be done was arrange for the surgery. 'She says that "What you have done for my boys, helping them achieve their goal of playing professional hocky, it's the least we can do"

Power in Purpose: Ryan O'Reilly's journey from Huron County to NHL champion  | London Free Press

The transplant took place in early March and both O'Reilly and Nesbitt came through the procedure in good form as were soon on their way to recovery.

Nesbitt's wife, Pam, deeply touched by O'Reilly's generosity, poster her thanks on Facebook: "From our family  to you and yours Bonnie, thanks for the gift of a lifetime...Your selfless act means more than you'll ever know."

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