Here's what was happening in The Real Estate Board of Greater Vancouver (REBGV) this past May.


If you have any questions or would like more information about market activity in Maple Ridge/Pitt Meadows (or elsewhere), please be in touch with me anytime!

~ Helen

Spring activity remains balanced in the Greater Vancovuer housing market.


Vancouver, BC - June 4, 2012 - The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Services® in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.


May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May sales average of 3.617. However, sales have been constant throughout the spring months, with 2,874 sales in March and 2,799 sales in April.


"Home sellers have outpaced buyers in recent months, however, there continues to be an overall balance between supply and demand in our marketplaace," Eugen Klein, REBGV president said. 


New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,927 in May 2012. This represents a 16.8 per cent increase compared to May 2011 when 5,931 homes were listed for sale and a 14.4 per cent increase compared to April 2012 when 6,056 homes were listed for sale on the region's MLS®.


Last month's new listing total was 15.3 per cent above the 10-year averae for listings in Greater Vancouver for May.


At 17,835, the total number of homes listed for sale on the region's MLS® increased 7.9 per cent in May compared to last month and increased 21 per cent from this time last year. 


"Our sales-to-active-listing ratio sits at 16 per cent, which is indicative of balanced market conditions," Klein said. "As a result of this stability, home prices at the regional level have seen little fluctuation over the last six months."


The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $625,100, up 3.3 per cent compared to May 2011 and up 2.4 per cent over the last three months. The benchmark price for all residential properties in the Lower Mainland* is $558,300, which is a 3 per cent increase compared to May 2011 and a 2.3 per cent increase compared ot three months ago.


Sales of detached properties on the MLS® in May 2012 reached 1,180, a decline of 24.8 per cent from the 1,570 detached sales recorded in May 2011, and a 6.1 per cent decrease from the 1,256 units sold in May 2010. The benchmark price for detached properties increased 5.1 per cent from May 2011 to $967,500.


Sales of apartment properties reached 1,156 in May 2012, a decline of 5.9 per cent compared to the 1,228 sales in May 2011, and a decrease of 14.6 per cent compared to the 1,354 sales in May 2010. The benchmark price of an apartment property increased 1.7 per cent from May 2011 to $379,700.


Townhome property sales in May 2012 totalled 517, a decline of 10.7 per cent compared to the 579 sales in May 2011, and a 5.3 per cent decrease from the 546 townhome properties sold in May 2010. The benchmark price of a townhome unit increased 0.9 per cent between May 2011 and 2012 to $470,000.

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The Real Estate Board of Greater Vancouver (REBGV) has posted 50 Ways to Green Your Home and Save $$$ in Greater Vancouver. From buying a home that's close to work to fixing leaking taps and installing sensor lights, these are some great tips. 


Please click here to download the PDF will all 50 tips. 


1. Green Neighbourhoods

Buy a home in a neighbourhood close to work, transit, shopping, community centres and other services.


2. Transit-oriented density (TOD)

New, compact, complete green neighbourhoods are being built with transit as their focus. Instead of owning a car, join a car share cooperative, take transit, cycle or walk.


3. Lower Cost Luxury

If it's features such as a gym or pool you want, buy a strata unit with these amenities and share costs.


4. Score Your Location

Walkable neighbourhoods offer health, environment, financial and community benefits. Enter your address or the address of a home you want to buy at This tool calculates a walkability score based on the home's proximity to transit, grocery stores, schools and other amenities. 


5. Get an Energy Audit

LiveSmartBC will cover $150 of the cost.


6. Install a High-Efficiency Heating System

Make sure it's ENERGY STAR rated


7. Weatherize Your Home

From windows (BC Hydro provides grants of $60-$120) to doors to insulation and weather stripping. Don't forget to seal your ducts


8. Insulate Your Pipes

It will prevent costly heat loss. Here's how.


9. Insulate Your Hot Water Heater

Buy a pre-cut jacket or blanket for $10-$20. You'll save up to 10% on heating costs.


10. Install a Programmable Thermostat

Set it lower at night and during the day when you're away. Lower the temperature. Each degree below 20C saves you 3-5% on heating costs.


11. Clean Your Furnace Filter

This optimized performance.


12. Get the Most From Your Fireplace

Here's how to make it efficient.


13. Use Curtains

In the daytime during summer, close to help cool your home.


14. Install Ceiling Fans

The energy it takes to run a fan is less than an air conditioner. In summer, make sure the fan's blades are rotating anti-clockwise for a cooling effect. In winter, the fan should be running clockwise, pushing the warm air down. 


15. Use an Electric Fan

Skip the air conditioning. On hot summer days, place a bowl of ice in front of a fan to cool down. 


16. Fix leaks. Fix leaking taps.

One drop per second equals 7,000 litres of water waster per year.


17. Install a filter

Stop buying costly bottled water which adds to the landfill.


18. Change your light bulbs

Lighting accounts for 15% of your energy bill. Replace old bulbs with ENERGY STAR rated bulbs. Check for rebates.


19. Sensor lights

Turn lights off outside when not in use.


20. Keep it dark

Light pollution is an increasing problem. Turn off outdoor lights to save energy and encourage night life such as bats and frogs. A single bat can eat tens of thousands of mosquitoes nightly. If you have safety concerns, use motion detector lights - which come on, only as needed.


21. Holiday lights

Use LED lights.


22. Replace your fridge

An old energy guzzling fridge costs you about $85 a year to operate. Replace it with an ENERGY STAR fridge. BC Hydro will rebate you $50. BC Hydro will also not only come and pick up your old fridge free-of-charge, they'll rebate you $30.


23. Replace your dishwasher

Buy an ENERGY STAR appliance. BC Hydro will rebate you $25.


24. Replace your freezer

Buy an ENERGY STAR appliance and BC Hydro will rebate you $25.


25. Low flow shower

Hot water accounts for 25% of your energy costs. For a $15 investment you can save half the water of a standard shower say experts.


26. High efficiency or dual flush (you choose the amount of water used) toilets

These are now required in new homes becuase of water savings.


27. Use smart strips

Also known as power bars, this lets you power off all equipment at the same time.


28. Buy energy smart electronics

There are rebates available.


29. Recycle your old electronics

Here's how.


30. Conserve water

Fresh water comprises just 3% of the world's total water supply, so conserve. Get a rain barrel and harvest water you can use in your garden. Local governments such as Vancouver and Richmond will subsidize the cost.


31. Drip irrigation

It saves water compared to sprinklers.


32. Elbow grease

Don't power wash your driveway. Sweet ip or use a scrub brush and pail.


33. Less lawn

Lawns waste water. Instead conserve and beautify using indigenous plants such as ferns, tiger lilies and hostas.


34. Grow your own

How much more will you spend on food this year? Even a few miniature fruit trees and a small vegetable garden in a raised bed or in containers will help keep you healthy and save you dollars. Lettuce, spinach, tomatoes, cucumbers, strawberries and blueberries thrive in our climate. Here's how.


35. Preserve your produce

Invest in home canning jars and equipment and a small freezer and enjoy your produce year round - at a considerable savings. Here's how.


36. Bee friendly

We need bees to pollinate, so get a few plant bee-friendly annuals such as asters, marigolds, sunflowers, zinnias; or perennials such as clematis, foxgloves, hollyhocks, roses or shrubs such as Buddleia. 


37. Go chemical-free

"Get rid of weeds without using chemicals that harm us and our pets," advises REALTOR ® and Richmond City counselor, Derek Dang, who led the way to a bylaw banning cosmetic pesticides. His suggestion, "Use dish detergent or weed by hand."

38. Plant fruit trees

They'll give you shade and fruit. Plum, apple, pear and more.

39. Compost

It will make your garden grow and divert waste from the landfill.

40. Clean green

Vinegar, baking soda and lemons clean as well as expensive, chemical-filled cleaning supplies for a fraction of the cost.

41. Green laundry detergent

Use phoshpate-free, biodegradable detergent

42. Upgrade your washing machine

Replace your old washing machine with an ENERGY STAR washer that gets clothes clean using cold water and BC Hydro will rebate you $75. Wait until you have a full load instead of washing clothes as you need them. Clean your lint trap after every use.

43. Install a clothesline

Dryers use a huge amount of energy.

44. Get a rack

If your neighbourhood or strata prohibits clotheslines, buy a small drying rack.

45. Recycle

Replace your old washing machine with an ENERGY STAR washer that gets clothes clean using cold water and BC Hydro will rebate you $75. Wait until you have a full load instead of washing clothes as you need them. Clean your lint trap after every use.

46. Buy local

Your food doesn't travel long distances, you support local farmers and the local economy and you consumer less pesticides. 

47. Don't use paper or plastic

Use cloth bags when you shop or reuse your plastic bags.

48. Borrow green

Most financial institutions offer "green" mortgages, including:

  • BMO Eco Smart Mortgage offers home buyers a 3.89% rate on qualifying green properties.
  • RBC Energy Saver Mortgage gives home buyers a $300 rebate for a home energy audit and a five-year 4.34% rate.
  • TD Canada Trust offers a Green Mortgage and Green Home Equity line of credit. For each green mortgage TD donates $100 to the TD Friends of the Environment Foundation.
  • Vancity offers a Bright Ideas home renovation loan at prime +1% to home buyers and owners making green renovations. 
49. Green tool kit
BC Real Estate Association's Green Tool Kit provides information, references and links. It also provides comprehensive information on rebates and incentives.
50. Loan programs
Pay-as-you-save (PAYS) loan program will help home owners and businesses finance energy efficiency improvements through a loan from BC Hydro or FortisBC. Expected to launch in 2012. 


Source: REBGV (Real Estate Board of Greater Vancouver)

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