Year End Market Update 2019 – Be Prepared For Hot 2020 Market!

December Market Update Team Pospischil

Our year has ended on what could be the most positive note possible. Greater Vancouver is on the brink of our most impressive recovery to date. Following 2 years of a softening market thanks primarily to government intervention in the form of Foreign Home Buyers Tax, Vacant Home Tax, Speculation Tax, and the Stress Test, our market has been held back long enough to regroup and gather momentum and a pent-up demand that we have never seen the likes of.

Already over the past 6 weeks we have seen unparalleled activity in the sale of our listings with 5, 7, 9, 12, 13, 15, and even 23 multiple offers on single properties resulting in well above market sale prices. Yes, our marketing plan is certainly far more effective and strategic that your average real estate brokerage, but that coupled with our offer review strategy, and a new hungry market demand has yielded incredible benefits for our sellers these past couple months. We have generated some $25,000-$230,000 above list price sales making some very very happy clients.

And we are not the only ones witnessing this exploding market. If you read CMHC’s news release on October 28th “Metro Vancouver home prices could return to peak levels in a year: CMHC” there is strong data supporting a very fast and aggressive market recovery that will well surpass the peak 2017 levels. Sit back and fasten your seat belts because its already begun.

As you can see in the graph to the above, townhomes and detached houses on the eastside have passed well into a Seller’s Market over 2 months ago and rising steeply.

And as you can see to the graph below, even Vancouver’s westside detached and townhomes have jumped into a Seller’s Market. Overall the Real Estate Board of Greater Vancouver has seen a year-over-year increase in sales activity of 45% (47% up for detached houses, 40% up for apartments, and 56% up for attached homes). And if interest rates remain low, and tanks with red stars don’t roll down the streets of Vancouver, these sharp recover trends are more than likely to continue through 2020. Vancouver is once again entering the spotlight as one of the most desirable cities in the world to live in with clean air, clean water, great schools, strong economy (maybe even better in 2 years), and safe. Where else would you want to live . . . . really.

My prediction? Watch for a 20% increase in pricing over the next 12 months, and another 15% for 2021. 

MORTGAGE UPDATE by Paula Siemens | Invis The Siemens Group

Paula Siemens Mortgage UpdateOver the past 2 years we have seen many changes to the mortgage market in terms of regulations, product offerings and the way mortgage rates are priced. Last fall, we were certainly heading towards mortgage rates in the 4-5% range; this fall, we are in a fairly stable interest rate market. At the moment mortgage rates are inching up slightly, while the interest rate set by the Bank of Canada is unchanged, citing mixed data, and forecasting concerns about a possible recession in 2020/2021 due to trade wars. In the summer, the bond market pointed to a possible recession with significantly falling bond yields. Our mortgage rates fell as a result and we experienced an inverted market where the variable rate mortgages were more expensive than the 5 yr fixed rate. Now, we are in a flat rate market where the variable rate and the 5 yr fixed rates are largely equal. We are not expecting a lot of change on the horizon, just small fluctuations to the fully discounted 5 yr rate.

Qualification still poses a problem under the stress test for some borrowers, but, there seems to be light at the end of the tunnel where high net worth programs are assisting some applicants in this area. First time buyers are somewhat impacted by the stress test, but most times their qualification is inline with their monthly budget in terms of affordability. The new minority Federal Government is unlikely to loosen the mortgage rules at this time.

The rates here are the lowest rates based on an owner occupied purchase with high ratio insurance and transfers under a 65% Loan Amount, Refinances and Mortgages over 65% are priced at higher rates.


Santa Hat Cheesecake Bites
Santa Hat Cheesecake Bites
This is a great idea for treating those guests during the holidays! It’s ridiculously cute and simple.
Press a small round/circle cookie cutter into any cheesecake – either made homemade or store bought – and create a bite sized base.
Next, fill a piping bag with whipped cream and cover the surface of each cheesecake bit with a swirl (a can of real whipped cream would work as well ).
Then slice the top off a strawberry off and set it on the top of the cream cheese bites creating little santa hats. Add a tiny dollop to the tip of the strawberry and Ho, Ho, Ho, you’ve done it!

Is your Relationship Ready for Joint Tenancy? 

Carolynne R. Maguire, Notary Public,

Nature affords us many examples of home ownership being closely associated with a desire for pair-bonding and/or social structure. Whether a nest, hive, or long-term mortgage, some things just seem better when shared. Owning property with another person or persons can create synergistic opportunities not always available to individuals. With life-savings often hanging in the balance, however, the estate-planning and personal commitment implications of the two main options for multi-party ownership can raise important discussion points. Accordingly, when the question arises as to whether the title be held as “Joint Tenants” or as “Tenants in Common” (or some combination thereof), it is important to understand the differences.

Having very little to do with “tenancy” in the rental sense, the most significant feature of Joint Tenancy is its right of survivorship. Upon the death of a joint tenant, the deceased’s interest in the property is immediately extinguished in favour of the surviving joint tenant(s) and does not form part of the deceased’s estate, thus avoiding Probate and its associated costs and delays. This differs from Tenancy in Common where, upon the death of an owner, the deceased’s interest in the Property will pass to his or her Estate as yet another asset to be distributed under the Will. Other important distinctions are that, unlike Tenancy in Common, Joint Tenancy requires equal interests be taken at the same time on the same document.

Relationships come in many forms and, as with any major investment, it is important that the objectives and expectations of co-owners be understood and agreed upon from the outset. It is generally recommended that discussions involving property ownership preferences take place prior to making an offer to purchase, certainly before title conveyance, and ideally with benefit of professional financial planning. In some cases, side agreements may be advisable to document responsibilities and intentions under a variety of “what-if” scenarios and these may require expertise in Family, Tax, and/or Estates Law.

For a non-spousal couple, partners with children from a previous relationship, parents helping their offspring with a home of their own, or for various others who may or not benefit from a right of survivorship, the decision between Joint Tenancy and Tenancy in Common demands clarity and consensus on their view of the future. For some, this can be a relationship-defining moment!


The pace of scientific discovery in cancer has never been faster, and new innovative therapies and precision medicine are dramatically impacting the lives of patients and their families across the province. All of this is possible because of the generous support and donations made to BC Cancer by clients like you to our annual Ride to Conquer Cancer.
Last year was a record-breaking year according to President and CEO, Sarah Roth, of BC Cancer Foundation. “$63.7 million dollars was raised to support research and care at BC Cancer thanks to our passionate community of donors!”  
We both know firsthand, that every dollar counts in making a difference for those who are living with this disease and those who love them. Maybe we can break that record again in 2020 and raise these numbers to further the advancement of detecting and treating cancer.  It is because of the donations made that the landscape of treatment within BC has been tremendous ensuring that patients have access to new trials, the latest drugs and treatment options.
Your support allows access to treatment by a larger number of participants and breakthroughs with personalized cancer care with genome decoding and understanding cell evolution and unlocking the answers to questions of the origins of cancer and why they evolve and why they are resistant to drugs and why they metastasize.  This research is a key pathway to cancer prevention and understanding the root environmental causes of the disease.
Adam and I, together with the rest of the Pospischil Realty Group, are extremely grateful for your generosity and continued support.  It is our hope that with your generosity and continued support we will eradicate this disease.
You can donate to our 2020 Ride To Conquer Cancer now by simply by clicking on the “Donate/Join” button at the top of the main page.
We believe the cure is possible and close, be a part of it!

This team is AMAZING!! From our first meeting with Marty and Adam, we felt like we were the only listing that the team was working on – that we had 100% of their attention and focus.

This team is AMAZING!! From our first meeting with Marty and Adam, we felt like we were the only listing that the team was working on – that we had 100% of their attention and focus. During our first meeting Marty and Adam explained with complete transparency, honesty and clarity the listing, marketing and sales process. The current market and what our expectations should look like. Marty’s WHOLE TEAM is exceptional, professional, and kind and was immediately at our side through the pre-sale staging, photos, measurements and everything that needed to be done. The whole process took 20 days from our first meeting to the date of offer acceptance. Our sale completed at almost 125% of our asking price, as a result of the exceptional extras and efforts that the team puts into full court marketing and ensuring that the public is aware of the sale. There is truly nothing more or different that I believe that this team could have provided throughout this process to improve upon our experience. Marty, Adam, and Jennifer,THANK YOU!!! ~ 🙏
– Vivienne, Tricia & Ian D.

We followed their advice every step of the way, which got us 12 offers resulting in nearly $70,000 over asking. 

It’s like Adam & Marty could read the future, and they let us in on the secret!

We followed their advice every step of the way, which got us 12 offers resulting in nearly $70,000 over asking.

Our condo was on the market for only 1 week, and using their targeted marketing strategy, we had over 200 visits to our open house events.

They made the entire process straightforward, and stress-free.

-Rory and Victoria M.

2019 Trafalgar Elementary Pumpkin Patch A Great Success!

2019 Pumpkin Patch a Huge Success

This past weekend at our annual Trafalgar Elementary School Pumpkin Patch Fundraiser Event we raised $2300 with 100% collected going towards cancer research and treatment options (BC  Cancer Foundation) and for Trafalgar Elementary School (PAC). Thanks to you and all your neighbours who came out to support this annual event and once again make it a success! The infamous white witch is still alive and kicking, the popular ghoul in a coffin, the popcorn, and healthier treats and toys, all made the patch fun for all!

See more photos at: