YOUR NEIGHBORHOOD MARKET UPDATE feb 2024
SALES ACHIEVEMENT AWARD 2023
Attended our annual awards breakfast today and was thrilled to accept my 5th consecutive Sales Achievement Award. I have also been advised I made the Medallion Club at the REBGV which puts me in the top 1,500 of 15,000 Realtors. When I started this journey 12 years ago, my goal was to work hard everyday, provide the best possible service to my clients and be successful in this business. I passionately carry this same desire into 2024! A huge thanks to all my cherished clients, friends and family for your continued support, repeat business and referrals, and continuing to trust me as your real estate expert!
PROPERTY ASSESSMENTS 2024
2024 Property Assesments are out! Some of you will see modest increases, some modest decreases and some will be about the same. Remember that this valuation is a snapshot of what was happening in the market as of July 1, 2023. Prices started to decline in August and have been modestly declining since and remember these assessments are not an accurate predictor of current market sales. Your property taxes may or may not increase depending on the annual mill rate established by your municipality and how the value of your property has changed in relation to your neighbors. Sorry taxes rarely ever go down! Not happy with your assessment? You have until January 31 to file an appeal.
-Darryl
HOME BY DESIGN MAGAZINE jan 2024
Please let me know if you want a complementary coffee table magazine for your office/business waiting room. I will get you on the list.
YOUR NEIGHBORHOOD MARKET UPDATE january 2024
If you want printable PDFs of these, let us know. We will email you. Thanks!
YOUR NEIGHBORHOOD MARKET UPDATE nov 2023
YOUR NEIGHBORHOOD MARKET UPDATE october 2023
YOUR NEIGHBORHOOD MARKET UPDATE sept 2023
YOUR NEIGHBORHOOD MARKET UPDATE SUMMER 2023
YOUR NEIGHBORHOOD MARKET UPDATE june 2023
HOME BY DESIGN MAGAZINE
Please let me know if you want a complementary coffee table magazine for your office/business waiting room. I will get you on the list.
YOUR NEIGHBORHOOD MARKET UPDATE APRIL 2023
For every real estate transaction I do, a donation is made to help care for sick children.
SALES ACHIEVEMENT AWARD
2022 was a challenging year full of ups and downs. Thanks to all who braved the stormy seas and put your trust in me once again to get the job done. I am so grateful for my loyal clients and the wonderful new clients and friends I meet along the way. I am honored to partner with you on your journeys and continue to be blessed to do what I was love to do.
FIRST TIME HOME BUYING
FEBRUARY 2023 MARKET UPDATE
Are you thinking of purchasing your first home? Feel overwhelmed and unsure where to start? Please join Darryl & Jas for our Infomation Session on Feb 22. Please RSVP to Jas (as per below) and a Webex link will be sent to you.
NEWS (AS OF JAN 2023)
Home Buyer Recission Period (HBRP)?
Introduced in January 2023, this is a mandatory 3 business day period whereby a Buyer can pull out of their residential Contract by serving written notice for ANY REASON. If a Buyer does choose to rescind, there is a mandatory penalty of 0.25% of the Purchase Price which is forfeited to the Seller as compensation.
Can foreign buyers still acquire residential real estate in Canada?
As of January 2023, the federal government has imposed a 2-year ban on foreigners acquiring residential real estate in all of Canada.
There are some considerable exemptions such as foreign students awaiting their PRs, those with work permits, foreign diplomats and those with Indian Act status.
Commercial real estate is exempt as are certain geographical areas outside the major metropolitan areas.
What the recent changes in strata property rules?
In November 2022, the BC Government amended legislation to no longer allow strata corporations to limit the number of rentals in the complex. Stratas are still allowed to restrict against short term rentals which is typically rental periods of 30 days or lessAnother major change was to eliminate most age restrictions. The only legitimate one remaining is a 55+ designation. Some of these “senior oriented” buildings will require all occupants to be 55+ and some may require only one resident to be 55+.
Sales Achievement Award 2021
Our sincere thank you to our clients for making another great year for us! It was an interesting year full of unique challenges but we are glad to help our clients sell and/or buy their homes. We wish all our clients a great 2022!
Buying in Challenging Seller’s Market
NOVEMBER 2021 MARKET UPDATE
SEPTEMBER 2021 MARKET UPDATE
AUGUST 2021 MARKET UPDATE
JULY 2021 MARKET UPDATE
JUNE 2021 MARKET UPDATE
2020 SALES ACHIEVEMENT AWARD
Glad 2020 is behind us and looking forward to 2021. Since we couldn't do much else we buckled down and worked hard and had our best year ever! Thanks once again to our amazing clients, friends and family for entrusting Persello Lee Group to help you find your way home
FEBRUARY 2021 MARKET UPDATE
2020 YEAR-END MARKET UPDATE + 2021 Q1 FORECAST
August 2020 Market Update
February 2020 Market Update
January 2020- Sales Achievement Award
2019 was a fluid year in the local real estate market. I am so thrilled and
honored I was able to help so many people last year. Thank you to my family
friends and colleagues for your trust loyalty and ongoing support.
I am excited as we enter a new decade, continuing to do what I love, and
helping many more families find their way home.
June 12 2019
ROOKIE OF THE YEAR- BIG BROTHER of GREATER VANCOUVER
Thank you very much for everyone that supported Darryl and the team to raise over $1500 for a great cause.
We are so honoured to have received this great award. Thank you!
BBGV is always looking for a ‘big brother’ to help ‘little brothers’ in need. Get involved, make a big difference in someone’s life.
June 2019 Market Update
May 2019 Market Update
April 4 2019
Little excerpts from the March report from REBGV (Real Estate Board of Greater Vancouver),
“Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades……, Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced. For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market. What policy makers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away.”
There is so much gloom and doom in the media regarding the Real Estate market. However it is very important to see some of the positive trends that would help savvy buyers and sellers.
1, Despite the drop in the number of sales in general, desirable homes have been sold pretty quickly. There are more people out there looking, but many are hesitant to jump the gun and put in an offer. That means you could get a great deal on a home, granted that your Real Estate agent has done his/ her due diligence to find the right value for the property. For example, if you look at some of the homes sold in Vancouver East, many were only on the market for less than 10 days.
2, Prime rate has been cut and now it is expected to stay the same for the rest of the year. Back in January, there was a speculation that there will be several rate hikes this year. It seems like that is no longer the case. If you are a buyer, that means it is a great time to buy.
3, It is best time to upsize or move into a more desirable neighbourhood. Some savvy buyer was just able to buy a single family home on the west side of Vancouver for less than $1.9m. A year ago, that would have been unthinkable. Let me help you find a great bargain.