An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

 The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.


Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.



So there is an opportunity in the market now for first time buyers, families and investors.
A new selection of undervalued properties have recently become available with values more than 10% BELOW MARKET. If this sounds too good to be true, it's not. Here's why.
In an effort to increase the supply of more "affordable" housing, the provincial government has just introduced new legislation that prohibits long term rental restriction bylaws in strata properties. They have also said, any age restriction bylaws of less than 55+ are not enforceable.
With the introduction of this new legislation owners that live in rental restricted buildings are now able to rent their homes if the need to. Also, if they live in an age restricted building, with a restriction of less than 55 years of age, they are free to rent their home to anyone - no matter what their age. This is great news for families or younger adults who are looking to rent as these new rules should increase the supply of some much needed rental housing. 
So where am I going with this? 
Well strata properties with age and rental restrictions generally sell for less than non restricted buildings primarily due to the smaller pool of buyers that they appeal to. Buildings with rental restrictions generally do not appeal to investors and buildings with age restrictions prevent anyone below a certain age from buying them. When you exclude these two groups of buyers from a properties buyer pool the net result is less demand and therefore a lower sale price.
For example, if we look at condo sales over the last year in buildings built in the 80's and 90's in Greater Vancouver and compare the median sale price of condos with age and rental restrictions vs condos without these restrictions, we see an 11% difference in price ($650k for non-restricted vs $577K for a restricted building). Yes that's right! Condos without restrictions have an 11% higher median selling price compared to condos with an age and rental restriction. The spread in price is even larger at the moment for currently active listings.
The opportunity here is the highly probable increase in property values for these "restricted" buildings as their market values align with the non-restricted club. 
If you're interested in finding out more and exploring current opportunities please reach out. I am here to help. Cheers.
Sources: BC Government; Sales data supplied by Real Estate Board of Greater Vancouver

I get asked this question all the time. The answer really depends on two factors. 1. The area. Despite what you may hear in the media, there is no Canadian real estate market. All real estate markets are hyper local. 2. The type of product. Are we talking about condos, town houses or single family homes.

If you would like the local real estate statistics for your area simply send me an email and I would be happy to forward you a copy.


This video makes me feel like travelling. Where is your favourite beach vacation?

The beach at Oasis is one of kind with very creative convertible solariums for year-round indoor-outdoor living. Very cool!

First release of West Tower SOLD OUT! East Tower new release includes penthouses and select 1, 2, and 3 bedroom homes! Message us for a private viewing.

Call 604 340 4400 to book a private appointment today!


Let’s take a look at the process behind buying and selling a home, and the value our passionate real estate team can provide.

Our team believes in the value of real estate and that owning real estate is the foundation to building long term wealth.

To be a successful homebuyer, particularly in challenging markets, you need someone with experience, to support and guide you through the process, and that’s where the Reimers Group comes in. There is a lot of free information out there, but how to properly interpret that information is key, which is why you need master negotiators and advisors to guide you.

Investing in real estate will likely be the biggest financial decision you will ever make. An experienced agent will help you uncover the opportunities while steering you clear of those pitfalls. We are here to protect your interests and to make sure you have the very best information on hand to make an informed decision.

We'll assist you with financing by connecting you with the best mortgage brokers in town. We'll also create an in-depth "needs and wants analysis" to determine what your perfect home looks and feels like, and where to find it.

Once your perfect home has been found, we'll guide you through the offer and negotiation process, right through to completion and beyond. By working with only a handful of clients at a time, we ensure all our clients are getting the highest level of attention and service.

For us it’s never about a transaction. It’s about you. Our business is built on positive past client experiences and when we work with you, we do everything we can to exceed your expectations throughout the process so that you have great things to say about us to your friends and family and hopefully give us a 5 star review.

More information about the home buying process.


We’d be honoured to partner with you on your real estate journey. We offer personal one-on-one expert advisory services gained from years of front-line experience. Leverage our knowledge and negotiation skills today and make sure you have us on your side! First-class marketing using every available tool to market and sell your home is what you can expect! If you're thinking it - we're doing it! Reach out today to get started - 604-340-4400.


The Contract of Purchase and Sale (CPS) is one of the key documents used in a real estate transaction. The attached video created by the British Columbia Real Estate Association (BCREA) will help you understand and answer some of the common questions, such as:

  • When does the process begin and when is the Contract of Purchase and Sale used?
  • What do the terms in the contract mean?
  • What information is included in the Contract of Purchase and Sale?

If you want to know more about the CPS form, feel free to reach out. Always happy to help!


Gorgeous Georgian style 2 bedroom and den (or possible third bedroom) townhouse in the quaint Osprey Village, nestled along the shore of the Fraser River and Pitt Meadows' scenic river walk. The bright loft-inspired interior features 9 foot ceilings, huge windows, custom built-ins, laminate floors throughout and a unique open-riser staircase creating an airy ambiance and a sense of space. White contemporary kitchen with soft close cabinetry, stainless steel appliances and sliding doors to entertainment sized balcony, perfect for summer bbqs! King sized master bedroom with his-and-her closets and 3pc ensuite bathroom. Loads of storage. Pets welcome! Only steps away from boutique shopping, community centre and local Montessori school.

In short, yes, absolutely! Home staging is critical to ensure your home looks and feels its best. Think of home staging like dressing a home. You dress it with complimentary "clothes" so it looks it's best.

Staged homes photograph better so when potential buyers see it online, or in print, they have already formed a positive opinion. Staged homes sell quicker, and because they sell quicker, they typically sell for a higher price. We highly recommend staging for all our properties and provide a free home staging consultation for all our clients.

As always I love hearing your comments. Any questions you know where to find me. Until next time, cheers.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.