This weekend's Open Houses

Saturday

1 p.m. to 3 p.m.

4825 Connaught Drive

Vancouver


$5,995,000

Sunday

1 p.m. to 3 p.m.

530 E Queens Road

North Vancouver


$2,688,000



Meet Jennifer


Jennifer always has the best interests of her clients at heart. She recognizes that buying or selling a home is a huge moment in everyone’s life and is keen to use her knowledge and skills to ensure her clients achieve the best results.

More about Jennifer...



Meet Dale


Having started Nexus Realty nearly three decades ago, Dale has a history of proven results for his clients. Whatever his clients’ situation, he approaches his work with the same integrity and great service. Teaming with his daughter, Jennifer, makes Nexus Realty a family business dedicated to helping other families at pivotal moments in their lives.

More about Dale...

One reason real estate's a good investment


In each issue of News From Nexus, there’s a story about the previous month’s real estate statistics from Greater Vancouver Realtors. They, of course, are just the tip of the stats iceberg and some of the ones that readers don’t see also have a story to tell.

In this era when home prices are more or less stable — or in some cases going down — the question of whether real estate is a good investment always seems to have the same answer. It’s a good investment. How good often depends on the mini-market or even neighbourhood.

In the October statistics, or example, here’s a few of the line items that may be surprising:

• In the last decade, prices are up by 121 per cent on Bowen Island, 120 per cent on the Sunshine Coast, 119 per cent in Squamish and 117 per cent in Pitt Meadows. Nowhere in the Lower Mainland did prices go down.

• In the last five years, Port Coquitlam and Squamish have had the biggest increases, 34 per cent, followed by Maple Ridge (31). Five years are, as everybody knows, the post-COVID years.

• Even in the last three years, when most home prices have been slightly up or slightly down in most mini-markets, they’re up 4.2 per cent in Vancouver East and Squamish. On a million-dollar home, that’s $40,000.

All of this is based on facts, because that’s what statistics are.

Thought of the Day


“Whenever you have a choice between being right or being kind. be kind. No exceptions. 
Don’t confuse kindness with weakness."

                                                                 — Kevin Kelly. co-founder of Wired magazine

BCREA: housing market getting stronger


The latest news from the B.C. Real Estate Association is about the “housing market activity strengthening into the closing months of 2025.”


This requires a little context, of course. It’s based on the graph that shows sales in all parts of the province are going in the right direction. 


It’s also based on the fact that while sales increases are occurring in some parts of the province, it isn’t provincially universal. In many cases, as you can see in the second chart, the listing-price levels have something to do with sales. 


And it’s based on comparisons from October 2024 to October 2025.


For example, year-to-year sales are up 34.5 per cent in the Kootenays, and down 25.8 per cent in Chilliwack. The average price increased by 10.4 per cent in Victoria and fell 8.5 per cent in the South Peace River.


Analyzing all the statistics led the BCREA to this conclusion: 


“Sales activity in many regions of the province has recovered to pre-tariff levels, with more expensive regions continuing to lag behind,” said Chief Economist Brendon Ogmundson. “We expect demand to steadily enter the market as interest rates fall, driving a stronger final quarter of the year.”


Confirmation will come with the same statistical comparisons in January.



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101 - 1785 Martin Drive, White Rock

Bank of Canada rate lowered another .25 per cent


"For many months, we have been stressing that monetary policy cannot undo the damage caused by tariffs. Increased trade friction with the United States means our economy will work less efficiently, with higher costs and less income. Monetary policy can help the economy adjust as long as inflation is well-controlled, but it cannot restore the economy to its pre-tariff path."                 
                                                                                                                                                               — Bank of Canada governor Tiff Macklem

Those words accompanied the October 29 interest-rate cut of .25 per cent and they put Canada's economic situation in perspective.

The new rate is 2.25 per cent. That's the lowest it has been in more than three years — since July 2022.

The central bank said it made the 25-basis-point cut as weakness ripples through the Canadian economy and with inflation expected to stay close to the bank's two per cent target. According to a story by the CBC, the bank also indicated that, if inflation evolves broadly in line with expectations, hovering around its two per cent target, it will hold rates at their current level.

However, if the outlook changes, Macklem said: "We are prepared to respond."

The B.C. Real Estate Association added this:

"The Bank appears reassured that it can focus on supporting the economy through rate-cuts without risking an acceleration of inflation, particularly given Canada is dropping most of its retaliatory tariffs. At 2.2 per cent, the overnight rate is at the bottom threshold of what the Bank considers neutral for the economy, and adequate to keep inflation at 2 per cent. Given a still uncertain outlook and the potential for further disruptions to trade policy, we anticipate the Bank may need to cut at least one more time over the next six months."

The next interest-rate announcement, the last one of 2025, is scheduled for December 10. 

Online poll in favour of current housing strategies


When it comes to housing strategy, the majority of British Columbians are in favour of the decade-long measures of the Provincial Government, according to a story in Business In Vancouver.

The online survey conducted from October 13 to October 15, among 802 adults in the province demonstrated support for:

     • increasing the foreign buyers tax from 15 per cent to 20 per cent (74 per cent agree, unchanged since February 2024)
     • expanding the foreign buyers tax to areas located outside of Metro Vancouver (73 per cent, up two points)
     • introducing a “speculation tax” in specific urban areas targeting foreign and domestic homeowners who pay little or no income tax in B.C., and those who own second properties that are not long-term rentals (70 per cent, up one point).

Two-thirds of British Columbians also favour:

     • an increase in the property transfer tax from three per cent to five per cent for homes valued at more than $3 million (66 per cent, up four points)
     • the introduction of a tax of 0.2 per cent on homes valued between $3 million and $4 million, and a tax rate of 0.4 per cent on the portion of a home’s value that exceeds $4 million (also 66 per cent, up four points)
     • building more modular supportive homes in areas where people are experiencing homelessness (73 per cent, down two points)
implementing a three-business-day protection period for financing and home inspections (66 per cent, down three points)

In addition, 74 per cent of the British Columbians who participated in the poll are in favour of the foreign ownership ban for purchasing residential properties that’s in effect nation-wide until 2027.

To read all Nexus blogs, click here

Featured Properties

OPEN HOUSE

530 E Queens Road

Single Family Residence in Upper Lonsdale

Nexus Realty Corp. (R3022382)

OPEN HOUSE

4825 Connaught Drive

Single Family Residence in Shaughnessy

Nexus Realty Corp. (R3050029)



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Dale Clark

Nexus Realty Corp

West Vancouver,  BC 

Phone: 604-720-3353

daleclark@nexusrealtycorp.com, jenniferclark@nexusrealtycorp.com