Edgemont Village is a charming neighborhood in North Vancouver known for its small-town ambiance and picturesque setting, making it a great place to raise a family or simply enjoy a peaceful lifestyle.

The area is characterized by narrow winding streets lined with a mix of older, well-maintained homes and newer, upscale properties. You'll love the village center, which offers a variety of shops, services, and restaurants. It's a great place to spend your weekends, running errands or grabbing a bite with friends and family.

One of the biggest draws to Edgemont is the natural beauty surrounding it. Grouse Mountain, known for its beautiful hiking trails and ski resort during winter, is a short drive away. And the Capilano River offers fantastic salmon fishing and great spots for picnics and swimming during the summer.

For Golf enthusiasts, Murdo Fraser Pitch & Putt is a must-visit, with its picturesque setting. And, the famous Capilano Suspension Bridge is also a must-see attraction. You can enjoy the natural beauty of the canyon while crossing the bridge, which is a unique and memorable experience.

Edgemont also has several parks and green spaces, like the Edgemont Park, with playgrounds and picnic areas, and Mosquito Creek Park, that offers an off-leash area for dogs and beautiful trails to explore. Additionally, the Delbrook community center offers a variety of recreational activities, classes, and programs for all ages, so you'll never run out of things to do.

The area is very popular among families and known for its large and spacious houses, great schools, and peaceful environment.

Edgemont Village is a great place to call home if you're looking for a combination of outdoor activities, community engagement and a charming, tight-knit neighborhood.

The residential neighbourhoods surrounding the village were mostly built in the 1940's through 1960's and contain many examples of mid-century 'west coast modernism' inspired by the Capilano River rainforest and the coastal mountains.

The Lions Gate Bridge is an iconic suspension bridge that spans the Burrard Inlet in Vancouver, British Columbia, Canada. The bridge was designed by the noted engineer John Anderson Roebling, who was responsible for the design of the Brooklyn Bridge in New York City.

Construction on the bridge began in 1937, and it was completed in 1938. The bridge was named after the nearby Lions Mountains, which are two prominent peaks that are visible from the bridge.

The Guinness brewing family built the Lions Gate Bridge which opened in 1938 to provide access to its British Properties lands in West Vancouver. Ownership was transferred to the Province in 1955. Tolls were removed in 1963 and the bridge was restored in 1998 after a long debate about its heritage value and capacity.

The construction of the Lions Gate Bridge was a significant engineering feat at the time, as it was the longest suspension bridge in Canada and the third-longest in the world. The main span of the bridge is 1,550 feet (472 meters) long, and the total length of the bridge, including approaches, is 8,271 feet (2,521 meters).

The Lions Gate Bridge was built to provide a much-needed connection between the city of Vancouver and the North Shore communities across the Burrard Inlet. Prior to the construction of the bridge, the only way to travel between these areas was by ferry or by a long and winding road.

The bridge quickly became an important landmark in Vancouver and an integral part of the city's skyline. It has been featured in numerous films and television shows, including the opening credits of the popular TV series "The Beachcombers."

Today, the Lions Gate Bridge remains one of the most recognizable landmarks in Vancouver and an important transportation link for the city. The bridge has undergone several renovations and upgrades over the years to ensure its continued safety and reliability, and it continues to be an important symbol of Vancouver's history and identity.

Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages.  

March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,5352 in March 2023, a 42.5 per cent decrease from the 4,405 sales recorded in March 2022, and 28.4 per cent below the 10-year seasonal average (3,540). 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,143,900. This represents a 9.5 per cent decrease over March 2022 and a 1.8 per cent increase compared to February 2023. 

“On the pricing side, the spring market is already on track to outpace our 2023 forecast, which anticipated modest price increases of about one to two per cent across all product types,” Andrew Lis, REBGV’s director of economics and data analytics said. “The surprising part of this recent activity is that these price increases are occurring against a backdrop of elevated borrowing costs, below-average sales, and new listing activity that continues to suggest that sellers are awaiting more favorable market conditions.” 

There were 4,317 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2023. This represents a 35.5 per cent decrease compared to the 6,690 homes listed in March 2022, and was 22.3 per cent below the 10-year seasonal average (5,553). 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,617, an 8.1 per cent increase compared to March 2022 (7,970), and 17.3 per cent below the 10-year seasonal average (10,421). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2023 is 30.7 per cent. By property type, the ratio is 23.3 per cent for detached homes, 36.7 per cent for townhomes, and 34.9 per cent for apartments. 

Analysis of historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

“If home sellers remain on the sidelines, monthly MLS® sales figures will continue to appear lower than historical averages as we move toward summer,” Lis said. “But it’s important to recognize the chicken-and-egg nature of these statistics. The number of sales in any given month is partially determined by the number of homes that come to market that month, along with the inventory of unsold homes listed in previous months. With fewer homes coming on the market, homes sales will remain lower than we’re accustomed to seeing at this point in the year, almost entirely by definition.” 

Sales of detached homes in March 2023 reached 734, a 43.6 per cent decrease from the 1,302 detached sales recorded in March 2022. The benchmark price for detached properties is $1,861,800. This represents an 11.2 per cent decrease from March 2022 and a 2.7 per cent increase compared to February 2023. 

Sales of apartment homes reached 1,311 in March 2023, a 43.2 per cent decrease compared to the 2,310 sales in March 2022. The benchmark price of an apartment property is $737,400. This represents a 4.6 per cent decrease from March 2022 and a 0.7 per cent increase compared to February 2023. 

Attached home sales in March 2023 totalled 466, a 37.3 per cent decrease compared to the 743 sales in March 2022. The benchmark price of an attached unit is $1,056,400. This represents a 7.8 per cent decrease from March 2022 and a 1.7 per cent increase compared to February 2023. 

Calculating rental income involves determining the total amount of rent received from a rental property over a specific period of time. Here's a step-by-step guide on how to calculate rental income:

1. Determine the monthly rent: This is the amount of rent that is charged per month for the rental property.

2. Multiply monthly rent by 12: This will give you the annual rent amount.

3. Account for vacancies: If the rental property is vacant for any portion of the year, you'll need to adjust the annual rent amount accordingly. For example, if the property is vacant for two months, you would multiply the monthly rent by 10 instead of 12.

4. Add in any additional income: If you charge tenants for utilities, parking, or other fees, you'll need to include this income in your rental income calculation.

5. Subtract any expenses: Finally, you'll need to subtract any expenses associated with the rental property, such as mortgage payments, property taxes, insurance, repairs, and maintenance. The amount that remains after deducting these expenses is the property's net operating income (NOI).

It's important to note that rental income is just one aspect of a rental property's profitability. You'll also need to take into account other factors such as vacancy rates, property management costs, and potential for appreciation to fully evaluate the profitability of a rental property.

Today, I would like to talk to you about real estate investing for beginners. Whether you're a young professional just starting out or someone looking for a new source of income, real estate can be a great way to build wealth and achieve financial freedom. However, like any investment, it's important to have a solid understanding of the market and the fundamentals of real estate investing.

First and foremost, it's important to understand your investment goals. Are you looking to generate passive income through rental properties or build equity through appreciation? Or perhaps you want to achieve both. Whatever your goals, make sure you have a clear understanding of what you hope to achieve with your investments.

Next, research the local market. Before investing in real estate, it's essential to understand the local market and the demand for properties in the area. Look at the prices at which properties are selling and the types of properties that are in demand. This can help you make informed decisions about which properties to invest in.

It's also important to learn the terminology. Real estate investing comes with its own unique language and terminology. Terms like "cash flow," "capitalization rate," and "appreciation" can be confusing at first, but they're essential to understanding the real estate market.

1. Cash flow refers to the amount of cash that is generated or received by an investment or business over a certain period of time. In real estate investing, cash flow typically refers to the income generated by a rental property after all expenses, such as mortgage payments, property taxes, insurance, repairs, and maintenance, have been paid.

Positive cash flow means that the income generated from the property is greater than the expenses, while negative cash flow means that the expenses are greater than the income. Positive cash flow can be a good indicator of a profitable investment, as it can provide a steady stream of income and help pay off any outstanding debts.

2. Capitalization rate, also known as cap rate, is a measure used to evaluate the profitability of a real estate investment. It is expressed as a percentage and represents the rate of return an investor can expect to earn on their investment based on the property's net operating income (NOI).

To calculate the cap rate, you divide the property's NOI by its current market value or purchase price. For example, if a property has a NOI of $50,000 per year and a market value of $1,000,000, the cap rate would be 5% ($50,000 / $1,000,000 = 0.05 or 5%).

The cap rate is an important tool for real estate investors as it allows them to compare the profitability of different properties and make informed investment decisions. Generally, a higher cap rate means a higher potential rate of return, although it can also indicate higher risks or lower property values.

It's important to note that cap rate should not be the only factor considered when evaluating a property. Other factors such as location, condition, and potential for appreciation should also be taken into account.

3. Appreciation in the context of real estate refers to the increase in value of a property over time. This increase can be due to a variety of factors, including market conditions, location, demand for the property, and improvements made to the property.

When a property appreciates in value, its current market value is higher than its original purchase price. For example, if you purchased a property for $300,000 and it is now worth $400,000, the property has appreciated by $100,000.

Appreciation is an important factor to consider when investing in real estate, as it can contribute to long-term growth and profitability. However, it's important to note that appreciation is not guaranteed and can fluctuate based on a variety of market factors.

Real estate investors often look for properties with the potential for appreciation, such as those located in up-and-coming neighborhoods or those with renovation potential. Additionally, many investors use appreciation as a long-term strategy, holding onto properties for several years or even decades to maximize their returns.

When it comes to financing, there are several options available. Consider traditional mortgages, private loans, and other creative financing solutions. However, it's important to understand the risks associated with each option and choose the one that best fits your investment goals and financial situation.

Finding a mentor can be a great way to learn the ropes of real estate investing. Look for someone who has experience in the industry and can provide you with valuable insights and advice. A mentor can help you avoid common pitfalls and make informed decisions about your investments.

Starting small is often the best approach when you're just starting out in real estate investing. Consider investing in a single rental property or a small multi-family unit before moving on to larger projects. This will allow you to gain experience and build your portfolio over time.

Finally, it's important to be patient. Real estate investing can be a slow and steady process, so it's important to take your time and not rush into any deals. Do your research, make informed decisions, and be patient. With time and effort, real estate can be a great way to achieve financial freedom and build long-term wealth.

In conclusion, real estate investing can be a great way to achieve your financial goals. By understanding the market, learning the terminology, and finding a mentor, you can build a successful real estate portfolio over time. Remember to start small, be patient, and always make informed decisions based on the data.

Metro Vancouver's housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the bank of Canada's ongoing battle with inflation.
Realtors registered over 28,900 home sales on the MLS in 2022.
A 34% decrease over 2021 and 13% below the 10-year average.
Sellers listed more than 53,800 homes on the MLS in 2022.
A 14% decrease compared to 2021 and 3% percent below the Region's 10-year average 2022 ended with about 7,400 homes listed for sale across the region.
Fight the recent increases to mortgage rates and the slowdown in sales activity.
Inventory levels remain Low by historical standards which has limited downward pressure on home prices.
One way we measure the relationship between supply and demand in our Market is the sales to active listings ratio.
This ratio measures the homes available for sale against the number of homes sold throughout the month.
This gives us a good rule of thumb to see if supply is keeping up with demand in typical market conditions when this ratio dips below 12 percent for a sustained period it indicates that.
Supply is outpacing demand and prices are more likely to decline when it surpasses 20 percent demand is outpacing supply and prices are more likely to increase 2022 ended with this ratio at 18% for all homes.
By property type the ratio is 12 percent for detached homes 20 for town homes and 22 percent for condos.
The MLS HPI Benchmark price for all housing types in Metro Vancouver sits at one million one hundred and fourteen thousand dollars. This is a three percent decrease over last year prices have declined about 10 percent over the past six months.
Looking ahead to 2023 the consensus among most economists and professional forecasters is that the Bank of Canada is likely near the end of the current interest rate tightening cycle mortgage rates may remain elevated for some time.
However as inflation remains a concern for the Bank of Canada limiting their ability to decrease the policy rate in the near term.
We'll watch the 2023 spring Market closely to see if buyers and sellers have adjusted to the higher borrowing costs and are participating more actively in the market.