Real Estate Blog

Honouring Black History Month: A Realtor’s Commitment to Fair Housing and Client Success

Sun, 02 Feb 2025 03:52:00 GMT

February is Black History Month, a time to celebrate the achievements, contributions, and resilience of Black Canadians throughout history. As a real estate professional, it is also a time to reflect on our role in fostering fair housing, supporting homeownership equity, and ensuring that all clients—regardless of background—have access to the Canadian dream of homeownership.

The Importance of Fair Housing in Real Estate

The real estate industry has a complex history with fair housing. Discriminatory practices such as redlining, restrictive covenants, and unequal lending practices have historically marginalized Black communities, limiting access to homeownership and generational wealth. While great strides have been made since the National Housing Act of 1985 and the BC Human Rights Code, my commitment as a Realtor must remain steadfast in ensuring equity in every transaction.

As a Realtor, I pledge to:

Educate and Advocate: Stay informed about fair housing laws and work to ensure all clients receive the same level of service, guidance, and opportunities.
Empower Communities: Support programs that increase homeownership rates among Black families and other historically underserved communities.
Promote Diversity and Inclusion: Encourage inclusive policies within our brokerages and communities, and support initiatives that celebrate and uplift Black homeowners and professionals in real estate.

Commitment to Clients: Trust, Integrity, and Advocacy

Buying or selling a home is one of the most significant financial decisions a person can make. My responsibility as a Realtor goes beyond transactions— I build relationships based on trust, integrity, and unwavering support. Whether assisting first-time homebuyers, sellers, or investors, I am committed to making the process as smooth, transparent, and equitable as possible.

Key ways I uphold this commitment:

Transparency: Provide clear, honest, and ethical guidance to every client.
Education: Empower clients with the knowledge needed to make informed decisions.
Advocacy: Stand by our clients, ensuring they receive fair treatment and access to all available resources.

Celebrating Black Homeownership and Future Opportunities

Black History Month is also a time to celebrate the successes and contributions of Black homeowners, real estate professionals, and community leaders. By sharing stories of resilience and success, we can inspire the next generation of homeowners and industry professionals.

I encourage everyone to:

Support Black-Owned Businesses: Partner with Black-owned mortgage companies, home inspectors, and contractors.
Participate in Community Events: Engage in discussions, workshops, and initiatives that promote homeownership equity.
Learn and Grow: Continue to educate ourselves about the history of housing discrimination and ways to foster a more inclusive future.

Moving Forward Together

Marce Miller Real Estate Corporation with my amazing team at the KymBuna Group, believe in creating opportunities for all and ensuring that every client receives the respect, dedication, and expertise they deserve. Black History Month serves as a reminder of the work that still needs to be done and the commitment we uphold daily as Realtors.

Together, we can build stronger, more inclusive communities—one home at a time.

Are you looking to buy or sell a home? Let’s connect and work together to make your real estate goals a reality!

August 2023 Real Estate Market Stats!

Thu, 07 Sep 2023 20:25:58 GMT

Seasonal slowdown brings price stability to Metro Vancouver

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023, a 21.4 per cent increase from the 1,892 sales recorded in August 2022. This was 13.8 per cent below the 10-year seasonal average (2,663).

“It’s been an interesting spring and summer market, to say the least” Andrew Lis, REBGV’s director of economics and data analytics said. “Borrowing costs are fluctuating around the highest levels we’ve seen in over ten years, yet Metro Vancouver’s housing market bucked many pundits’ predictions of a major slowdown, instead posting relatively strong sales numbers and year-to-date price gains north of eight per cent, regardless of home type.

"It’s a bit of a tortoise and hare story this year, with sales starting the year slowly while prices increased due to low inventory levels,” Lis said. “As fall approaches, sales have caught up with the price gains, but both metrics are now slowing to a pace that is more in-line with historical seasonal patterns, and with what one might expect given that borrowing costs are where they are.”

To read full report click HERE

JULY 2023 Real Estate Market Stats!

Thu, 07 Sep 2023 20:17:57 GMT

Strong sales push Metro Vancouver home prices past the rate hike in July

Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909).

“While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant,” Andrew Lis, REBGV’s director of economics and data analytics said. “Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.”

“What’s interesting to see in the current market environment is that, while the Bank of Canada rate hike this July was only a quarter of a per cent, mortgage rates are now at the highest levels we’ve seen in Canada in over ten years,” Lis said. “Yet despite borrowing costs being even higher than last July, sales activity surpassed the levels we saw last year, which I think says a lot about the strength of demand in our market and buyers’ ability to adapt to and qualify for higher borrowing costs.” - Andrew Lis, REBGV director of economics and data analytics.

To read full report click HERE

JUNE 2023 Real Estate Market Stats!

Tue, 04 Jul 2023 03:36:00 GMT

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer!

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.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales² in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269).

The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June. The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.

- Andrew Lis, REBGV director of economics and data analytics

MAY 2023 Real Estate Market Stats!

Wed, 07 Jun 2023 20:11:43 GMT

Competition heats up among buyers as summer arrives

While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, and a 1.4 per cent decline from the 10-year seasonal average (3,458).

"Back in January, few people would have predicted prices to be up as much as they are – ourselves included. Our forecast projected prices to be up modestly in 2023 by about two per cent at year-end. Instead, Metro Vancouver home prices are already up about six per cent or more across all home types at the midway point of the year."

Andrew Lis, REBGV director of economics and data analytics

There were 5,661 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2023. This represents an 11.5 per cent decrease compared to the 6,397 homes listed in May 2022, and was 4.3 per cent below the 10-year seasonal average (5,917).

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,293, a 10.5 per cent decrease compared to May 2022 (10,382), and 20.6 per cent below the 10-year seasonal average (11,705).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2023 is 38.4 per cent. By property type, the ratio is 28.5 per cent for detached homes, 45 per cent for townhomes, and 45.5 per cent for apartments.

AFRO WORLD EXPO 2023

Wed, 07 Jun 2023 19:42:43 GMT

I was honoured to be an exhibitor at the Afro World Expo at the Vancouver Convention Centre on June 3-4, 2023. The Black Business Association of BC had their inaugural Afro World Expo 2023 and it was packed with information on their main stage and 50 black business exhibitors. It was Western Canada's largest expo of African and Caribbean products and services.

I had the opportunity to:

- Make valuable connections

- Share valuable real estate advice

- Introduce KymBuna Real Estate Group to a diverse audience of potential clients looking to make a move in real estate

- Build relationships

Thank you to all our sponsors who helped to bring this event to life! @bchousing @td_canada Procurement Assistance Canada @globalbc @cknw980 @cfoxvan @viawesome @wefilmeventsca

OOOPS!! BANK OF CANADA DOES IT AGAIN!

Wed, 07 Jun 2023 19:24:11 GMT

Bank of Canada raises rate by 0.25%

April 2023 Real Estate Market Stats!

Wed, 03 May 2023 20:05:00 GMT

Prices continue rising as home buyer confidence returns

With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,7412 in April 2023, a 16.5 per cent decrease from the 3,281 sales recorded in April 2022, and 15.6 per cent below the 10-year seasonal average (3,249).

There were 4,307 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2023. This represents a 29.7 per cent decrease compared to the 6,128 homes listed in April 2022, and was 22 per cent below the 10-year seasonal average (5,525).

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,790, a 4.2 per cent decrease compared to April 2022 (9,176), and 20.9 per cent below the 10-year seasonal average (11,117).

"The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling. The latest MLS HPI® data show home prices have increased about five per cent year-to-date, which already outpaces our forecast of one to two per cent by year-end. The year is far from over, however, and it remains to be seen if these price increases will be sustained into 2024."

Andrew Lis, REBGV director of economics and data analytics

March 2023 Real Estate Market Stats!

Thu, 06 Apr 2023 20:27:46 GMT

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant.

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 2,535 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.”

“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.”

To read the full report, CLICK HERE

February 2023 Real Estate Market Stats!

Wed, 08 Mar 2023 21:20:54 GMT

Below average home sales allow inventory to inch upwards!

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent increase from the 1,022 homes sold in January 2023.

Last month’s sales were 33 per cent below the 10-year February sales average.

“It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year,” said Andrew Lis, REBGV’s director, economics and data analytics. “On the plus side for prospective buyers, the below-average sales activity is allowing inventory to accumulate, which is keeping market conditions from straying too deeply into sellers’ market territory, particularly in the more affordably priced segments.”

To read the full report, CLICK HERE

A Different Side of Real Estate with Marce Miller | DEI Advisory Group | REBGV

Wed, 08 Mar 2023 20:47:18 GMT

While at a photo shoot for her condo listing, residents within the complex singled out REALTOR® Marce Miller for suspicious behaviour while simply conducting routine business activities for her client. Marce shares her story in the latest video in our series, A Different Side of Real Estate.

Listen to Marce's story:

A Different Side of Real Estate is REBGV’s video series that’s part of our Diversity, Equity, and Inclusion (DEI) program. In this series, we seek to share perspectives and spark conversations that can help create a more inclusive and welcoming environment for all people involved in real estate.

We encourage you to share this video with your colleagues in the profession.

Start a conversation and spark change today.

December 2022 Real Estate Market Stats!

Wed, 04 Jan 2023 22:37:29 GMT

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022.

After seeing record sales and prices during the pandemic, 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.

Residential home sales in the region totalled 1,295 in December 2022, a 51.8 per cent decrease from the 2,688 sales recorded in December 2021, and a 19.8 per cent decrease from the 1,614 homes sold in November 2022.

Last month’s sales were 37.7 per cent below the 10-year December sales average.

“The headline story in our market in 2022 was all about inflation and the Bank of Canada’s efforts to bring inflation back to target by rapidly raising the policy rate. This is a story we expect to continue to make headlines into 2023, as inflationary pressures remain persistent across Canada,” Andrew Lis, REBGV’s director, economics and data analytics said.

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 53,865 in 2022. This is a 13.5 per cent decrease compared to the 62,265 homes listed in 2021 and a 0.8 per cent decrease compared to the 54,305 homes listed in 2020.

Last year’s listings total was 3.2 per cent below the region’s 10-year average.

“Closing out 2022, the data show that the Bank of Canada’s decisions to increase the policy rate at seven of the eight interest rate announcement dates in 2022 has translated into downward pressure on home sale activity and, to a lesser extent, home prices in Metro Vancouver,” Lis said. “While the consensus among many economists and forecasters suggests the Bank of Canada may be near the end of this tightening cycle, rates may remain elevated for longer than previously expected since the latest inflation figures aren’t showing signs of abating quickly. 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 than we have seen over the last 12 months.”

To read the full report, CLICK HERE

November 2022 Real Estate Market Stats!

Wed, 04 Jan 2023 22:34:39 GMT

Home sale and listing activity continue trending below long-term averages in November

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.

“With the most recent core inflation metrics showing a stubborn reluctance to respond significantly to the furious pace of rate increases, the Bank of Canada may choose to act more forcefully to bring inflation back toward target levels.” Andrew Lis, REBGV’s director, economics and data analytics said. “While it’s always difficult to predict what the bank will do with certainty, this persistent inflationary backdrop sets up the December 6 rate announcement to be yet another increase, making holiday-season home sales something many people may end up foregoing this year.”

There were 3,055 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2022. This represents a 22.9 per cent decrease compared to the 3,964 homes listed in November 2021 and a 24.2 per cent decrease compared to October 2022 when sellers listed 4,033 homes.

“Heading into 2023, the market continues the trend of shifting toward historical averages and typical seasonal norms,” Lis said. “Whether these trends continue will depend on looming economic factors and forthcoming housing policy measures on the horizon, which hold the potential to reignite uncertainty in our market.

“With that said, from a long-term structural standpoint, the current pace of listings and available inventory remain relatively tight when considered against a backdrop of continued in-migration to the province. With the recently announced increase in federal immigration targets, the state of available supply in our market remains one demand surge away from renewed price escalation, despite the inflationary environment and elevated mortgage rates.”

To read the full report, CLICK HERE

October 2022 Real Estate Market Stats!

Mon, 07 Nov 2022 23:46:47 GMT

Inflation, Rising Interest Rates Create Caution Across Metro Vancouver’s Housing Market

Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold in September 2022.

Last month’s sales were 33.3 per cent below the 10-year October sales average.

“Inflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options,” Andrew Lis, REBGV’s director, economics and data analytics said. “With sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022.”

“Recent years have been characterized by a frenetic pace of sales amplified by scarce listings on the market to choose from. Today’s market cycle is a marked departure, with a slower pace of sales and more selection to choose from,” Lis said. “This environment provides buyers and sellers more time to conduct home inspections, strata minute reviews, and other due diligence. With the possibly of yet another rate hike by the Bank of Canada this December, it has become even more important to secure financing as early in the process as possible.”

To read the full report, CLICK HERE

I Attended the Black Women Business Network Business Expo 2022

Sat, 29 Oct 2022 23:33:00 GMT

I was so proud to be an exhibitor at the Black Women Business Network Business Expo 2022 on October 29, 2002 at UBC!

Black Women Business Network is showcased and celebrated the diversity and creativity of 25+ Black Women-Owned Businesses. Great workshops (Access to funding, Management of money, Ideas to fruition, Career success and Unlocking the key to selling to the government).

This has become an annual event and I can't wait till next year!!

Thank you to all the amazing Queens that came out to support and showcase our excellence!

I Am Attending the Metro Vancouver Black Business EXPO 2022

Thu, 20 Oct 2022 01:19:00 GMT

So excited to be an exhibitor at the Metro Vancouver Black Business Expo October 22nd 2022, 10AM - 5PM!

Admission is FREE to the public.

St. Matthew's R.C. Parish, 16079 88 Ave, Surrey.

Please stop by my booth and say HI!

#supportlocal #blackbusinessesowner #movewithmarce #kellerwilliams #surreyrealestate #vancouvrrealestate #mortgage #kellerwilliams #blackrealtorsassociationofcanada

September 2022 Real Estate Market Stats!

Fri, 14 Oct 2022 23:15:08 GMT

Metro Vancouver saw more home Sellers and fewer Buyers in September.

Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,971, an eight per cent increase compared to September 2021 (9,236) and a 3.2 per cent increase compared to August 2022 (9,662).

“With fewer homes selling and new listings continuing to come to market, inventory is beginning to accumulate, providing buyers with more selection compared to last year,” Lis said. “With more supply and less demand within this market cycle, residential home prices have edged down in the region over the last six months.”

To read the full report, CLICK HERE

To find out more about the current market updates, contact me and #MovewithMarce!

AUGUST 2022 Real Estate Market Stats!

Wed, 14 Sep 2022 20:40:47 GMT

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.

Last month’s sales were 29.2 per cent below the 10-year August sales average.

“With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer,” Andrew Lis, REBGV’s director, economics and data analytics said. “This shift in market conditions caused prices to edge down over the past four months.”

To read the full report, CLICK HERE

To find out more about the current market updates, contact me and #MovewithMarce!

JULY 2022 Real Estate Market Stats!

Wed, 14 Sep 2022 20:28:18 GMT

Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 per cent decrease from the 3,326 sales recorded in July 2021, and a 22.8 per cent decrease from the 2,444 homes sold in June 2022.

Last month’s sales were 35.2 per cent below the 10-year July sales average.

“Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns,” Daniel John, REBGV Chair said. “This allowed the selection of homes for sale to increase and prices to edge down in the region over the last three months.”

To read the full report, CLICK HERE

To find out more about the current market updates, contact me and #MovewithMarce!

JUNE 2022 Real Estate Market Stats!

Sat, 09 Jul 2022 17:36:23 GMT

REBGV JUNE 2022 MONTHLY MARKET STATISTICS

Home listings Up, Sales Down and Prices Starting to Decrease to Start the Summer Season.

Last month’s sales were 23.3 per cent below the 10-year June sales average.

“Home buyers have more selection to choose from and more time to make decisions than they did over the past year,” Daniel John, REBGV Chair said. “Rising interest rates and inflationary concerns are making buyers more cautious in today’s housing market, which is allowing listings to accumulate.”

“We’re seeing downward pressure on home prices as we enter summer in Metro Vancouver due to declining home buyer activity, not increased supply,” John said. “To meet Metro Vancouver’s long-term housing demands, we still need to significantly increase housing supply.”

To read the full report, CLICK HERE

To find out more about the current market updates, contact me and #MovewithMarce!

MAY 2022 Real Estate Market Stats!

Fri, 03 Jun 2022 17:13:00 GMT

One year after UNPRECEDENTED sales, home sale activity has returned to more typical seasonal levels in the Greater Vancouver area this spring. And much of this can be attributed to rising interest rates....

APRIL 2022 Real Estate Market Stats!

Tue, 10 May 2022 17:59:57 GMT

APRIL SHOWERS MAY BRING DOUBTERS...

As April comes to close, the Metro Vancouver Market returns to “historically typical” numbers. Even with the onpour of rising interest rates, buyers might find optimism in what this means for their buying process. Will higher interest rates mean more time to view properties and submit offers? Or will this only add to the upward pressure in prices?

“With interest rates climbing and…inventory…inching higher each month, it’s important to work with your local Realtor to understand how these factors could affect your home buying or selling situation.”

- Daniel John, REBGV Chair

According to the REBGV April 2022 Market Report, analysts say that downward pressure on home prices occurs when the number of sales to the number of active listings falls below 12%, and upward pressure is experienced when the amount of properties sold surpasses 20% of the total market supply. Currently the average sales-to-active ratio across detached, attached and townhomes sits at 36.7%, indicating upward market pressure.

While the benchmark price for a detached home in the Greater Vancouver Area is $2,139,200 and $844,700 for condos, the Real Estate Board hopes this interest rate hike will fuel market slows that give way to buyers and sellers in conducting due diligence in their real estate process.

To read the full report, CLICK HERE!

To find out more about the current market updates, contact me and #MovewithMarce!

APRIL 2022 Metro Vancouver Realty Report

APRIL 2022 Greater Vancouver Realty Report

APRIL 2022 Fraser Valley Realty Report

March 2022 Real Estate Market Stats!

Thu, 14 Apr 2022 22:12:41 GMT

REBGV March 2022 Market welcomes activity much calmer than last spring’s record breaking pace, and the demand from Metro Vancouver home buyers remains high.

February 2022 Market Stats

Mon, 07 Mar 2022 20:22:02 GMT

"With current strong sales and low inventory, it will take quite some time for BC to get back to a healthy balance market." - BC Real Estate Association (BCREA)

NEW YEAR! January 2022 Real Estate Market Stats Videos

Fri, 18 Feb 2022 05:17:00 GMT

As the New Year kicks off so does the market demand. The market speed has lowered since 2021 BUT it is still a Seller's Market. To learn more about taking advantage of the listing AND buying side, keep scrolling!

January 2022 Metro Vancouver Market Video

January 2022 Greater Vancouver Market Video

January 2022 Fraser Valley Market Video

December 2021 Real Estate Market Stats Videos

Fri, 18 Feb 2022 05:17:00 GMT

2021 was another year of tremendous change and record breaking growth. With a market speed of 45%, the Metro Vancouver Area has largely transitioned to a Seller's Market. Learn the market speed in your neighbourhood by requesting a full market snapshot below.

December 2021 Metro Vancouver Market Video

December 2021 Greater Vancouver Market Video

December 2021 Fraser Valley Market Video

April 2021 Metro Vancouver Market Video

Sun, 06 Jun 2021 21:15:00 GMT

Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic

March 2021 Metro Vancouver Market Video

Sun, 06 Jun 2021 21:12:00 GMT

Home buyer and seller activity reached unprecedented levels across Metro Vancouver in March.

February 2021 Real Estate Market Stats Videos

Wed, 10 Mar 2021 01:20:35 GMT

February 2021 Metro Vancouver Market Video

February 2021 Greater Vancouver Market Video

February 2021 Fraser Valley Market Video

METRO VANCOUVER:

GREATER VANCOUVER:

FRASER VALLEY:

January 2021 Real Estate Market Stats Videos

Sun, 14 Feb 2021 17:14:00 GMT

January 2021 Metro Vancouver Market Video

January 2021 Greater Vancouver Market Video

January 2021 Fraser Valley Market Video

October 2020 Real Estate Market Stats Videos

Tue, 10 Nov 2020 21:08:00 GMT

October 2020 Metro Vancouver Market Video

October 2020 Greater Vancouver Market Video

October 2020 Fraser Valley Market Video

June 2020 Real Estate Market Stats Videos

Sun, 05 Jul 2020 04:10:00 GMT

June 2020 Metro Vancouver Market Video

June 2020 Greater Vancouver Market Video

June 2020 Fraser Valley Market Video

Steady increases in home sale and listing activity continue.

Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homes sold in May 2020.

Last month’s sales were 21.9 per cent below the 10-year June sales average.

“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Colette Gerber, REBGV Chair said “Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”

There were 5,787 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2020. This represents a 21.8 per cent increase compared to the 4,751 homes listed in June 2019 and a 57.1 per cent increase compared to May 2020 when 3,684 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,424, a 23.7 per cent decrease compared to June 2019 (14,968) and a 15.1 per cent increase compared to May 2020 (9,927).

Cick Here to download June 2020 Full Real Estate Package

May 2020 Metro Vancouver Market Statistics

Tue, 09 Jun 2020 22:20:20 GMT

Metro Vancouver* home prices have remained steady since provincial health officials implemented physical distancing requirements in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019.

"Home prices have been stable during the COVID-19 period. While we’re seeing a variety of long-term projections for the market, it’s critical to understand the facts and trends as they emerge."

- Colette Gerber, REBGV Chair

Residential home sales in the region totalled 1,485 in May 2020, a 43.7 per cent decrease from the 2,638 sales recorded in May 2019 and a 33.9 per cent increase from the 1,109 homes sold in April 2020.

Last month’s sales were 54.4 per cent below the 10-year May sales average.

“Home sale and listing activity is down compared to typical, long-term levels and up compared to the activity we saw in April 2020,” Gerber said. “Home buyers and sellers are adapting today, becoming more comfortable operating with the physical distancing requirements that are in place in the market.”

To read the full articles, please click HERE

Click here to download the May 2020 stats package

COMING SOON!! 1 Bedroom Condo in Olympic Village

Fri, 06 Mar 2020 00:25:00 GMT

Coming to market this month!! 1 bedroom + flex, 646 sqft condo in the heart of Olympic Village with TWO balconies with views of Science World & the city. You will be amazed with the superior renovations and upgrades that you have to see with your own eyes! This home combines comfort and extravagant living with Five Star ammenities to keep you fit and pampered. For Investors or First Time Buyers, it is a pet and rental friendly building.

This home could be yours! Contact Marce Miller at 778 987 2380 for more information about this must see condo.

Stay tuned for more details!

#MoveWithMarce

June 2019 Greater Vancouver Market Stats

Fri, 19 Jul 2019 18:20:00 GMT

Housing supply up, home sales and prices down in June

With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4 per cent decrease from the 2,425 sales recorded in June 2018 and a 21.3 per cent decrease from the 2,638 homes sold in May 2019.

Last month’s sales were 34.7 per cent below the 10-year June sales average. This is the lowest total for the month since 2000.

“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver,” said Ashley Smith, REBGV president. “Sellers are often trying to get yesterday’s values for their homes while buyers are taking a cautious, wait-and-see approach.”

On the supply side, there were 4,751 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2019. This represents a 10 per cent decrease compared to the 5,279 homes listed in June 2018 and an 18.9 per cent decrease compared to May 2019 when 5,861 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,968, a 25.3 per cent increase compared to June 2018 (11,947) and a 1.9 per cent increase compared to May 2019 (14,685).

“Home buyers haven’t had this much selection to choose from in five years,” Smith said. “For sellers to be successful in today’s market, it’s important to work with your local REALTOR® to make sure you’re pricing your home for these conditions.”

For all property types, the sales-to-active listings ratio for June 2019 is 13.9 per cent. By property type, the ratio is 11.4 per cent for detached homes, 15.8 per cent for townhomes, and 15.7 per cent for apartments.

Generally, analysts say that 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 9.6 per cent decrease over June 2018 and a 0.8 per cent decrease compared to May 2019. This is the first time the composite benchmark has been below $1 million since May 2017.

Sales of detached homes in June 2019 reached 746, a 2.6 per cent decrease from the 766 detached sales recorded in June 2018. The benchmark price for detached properties is $1,423,500. This represents a 10.9 per cent decrease from June 2018 and a 0.1 per cent increase compared to May 2019.

Sales of apartment homes reached 941 in June 2019, a 24.1 per cent decrease compared to the 1,240 sales in June 2018. The benchmark price of an apartment property is $654,700. This represents an 8.9 per cent decrease from June 2018 and a 1.4 per cent decrease compared to May 2019.

Attached home sales in June 2019 totalled 390, a 6.9 per cent decrease compared to the 419 sales in June 2018. The benchmark price of an attached unit is $774,700. This represents an 8.6 per cent decrease from June 2018 and a 0.6 per cent decrease compared to May 2019.

*Editor's Note

Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

The real estate industry is a key economic driver in British Columbia. In 2018, 24,619 homes changed ownership in the Board’s area, generating $1.7 billion in economic spin-off activity and an estimated 11,720 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $26 billion in 2018.

Keller Williams Realty VanCentral Feb. 2019 Real Estate Market Stats Here!!

Tue, 05 Feb 2019 19:06:00 GMT

10 Home Decorating Trends To Retire In 2019

Thu, 31 Jan 2019 19:05:00 GMT

As the new year approaches, plenty of homeowners look for ways to refresh their spaces to keep them feeling interesting and updated.

If you’re preparing to put a place on the market, keeping up with trends is key because unless your prospective buyers are flippers, stagers, or redecorating fiends, nothing can make would-be buyers turn tail faster than some outdated decor.

Check out these once-popular home decor trends that are being shown the door, and find out what’s replacing them in the months ahead.

1. Rose gold loses its luster

Sorry, rose gold. You were lovely, but it’s over. This mauve metallic is out, and straight-up gold and brushed gold are back.

2.Goodbye, granite counters

Granite had a great run in the 1990s and 2000s, but this kitchen staple is being replaced by quartz, which is considered virtually indestructible. So, go ahead, set those hot plates down and don’t worry about a thing. Since granite is porous, it has the potential to trap bacteria if not cared for correctly. Removing that concern is a welcome relief in arguably the busiest room in the house.

3. Sunsetting nautical motifs

You’d think something as classic as navy and white could never go out of style, but when it comes to nautical-themed decor, that ship is sinking. Fast. Even when designing a beach house, experts are putting those sailboats, shells, and starfish out to sea and letting a mix of bold blues blend for a less-is-more aesthetic.

4. Bye-bye, Edison bulbs

Edison bulbs were a bright light on the decor scene from 2015 on, but their popularity is definitely dimming. Is it any wonder? It’s only so long you can stand to look at an exposed bulb. (Sorry, Edison.) Also, the trend was most often incorporated in industrial motifs, which are also on the way out, by the way.

5. See ya later, statement range hoods

Though some boast beautiful detail, many statement range hoods were swallowing up the room. Skinny hoods are on trend and slimming down the look of stovetops.

6. So long, all-white kitchens

All-white kitchens were all the rage. If there’s a room in the home that should appear as clean as can be, it’s definitely the kitchen. But as people spend more and more time in this space, often dubbed “the heart of the home,” they’re longing for a look that’s warmer and more reflective of their personalities. Prepare to see bright, bold kitchens, complete with colorful appliances, to be in vogue for the next few years

7. Questioning the wisdom of word art

Designers suggest homeowners look beyond their walls for inspiration and motivation. If you want your walls to make a statement, decorators suggest the use of wallpaper or hand-painted murals.

8. Barn doors, you’re back out in the cold

There’s no debating it, barn doors had a moment. Adding them to bathrooms or closets brought the rustic charm of the country indoors, no matter your locale. But, as farmhouse-chic style wanes, barn doors are being put out to pasture.

9. Chevron prints are no longer on point

Chevron prints were all the rage for a while there, appearing on everything from clothing to wallpaper. But this pattern has been overdone. Replacing it are geometric shapes and tropical prints.

10. Shiplap gets docked

Wood on the walls peaked for a few years. It’s time to pack up that paneling and move on. As farmhouse decor loses its appeal, it’s no surprise this trend is starting to feel outdated.

If you’re hoping to make a home feel as current as possible, considering removing these decorating duds and replacing them with on-trend alternatives.

Source: https://www.bestrealestateblog.com/10-home-decorating-trends-to-retire-in-2019?m=kUqYNQFPqzacRUNpVhot

Marce Miller Mentors Inner City Youth

Thu, 15 Nov 2018 15:39:00 GMT

I am volunteering as a Mentor Nov. 19, 2018 at Strathcona Elementary School.

Pathways to Education (P2E) aims to enhance educational success and support youth living in the Downtown Eastside and Strathcona communities to graduate from high school and move on to college, university, and employment opportunities. Youth explore, discover, and build upon their interests through fun group activities and mentoring relationships. Youth take part in a variety of empowering activities to enhance their leadership and skills development.

CLICK HERE FOR MORE INFORMATION

The Wisdom of Black Women Panelist

Tue, 25 Sep 2018 15:38:00 GMT

I am honoured to be one of the panelist in a special episode of #waawtalks Oct. 4, 2018, 6pm – 8pm. Join us for a educational discussion on when race & gender cross paths in the workplace. What can we learn from each other and how can we all be more inclusive?
Tickets are now $15 at link below!
See you there!

https://www.cicelyblainconsulting.com/events/the-wisdom-of-black-women

Strata Energy Advisor Program

Thu, 17 May 2018 15:36:00 GMT

This month the Strata Energy Advisor Program will launch in our region to support strata communities to improve their buildings with free energy assessments and advice. By participating, an energy advisor can help your strata identify energy saving opportunities, access available incentives, and support completion of projects, all while reducing costs and increasing home comfort.

Initiatives such as this support retrofits that help bring a building’s energy and carbon performance up to new construction standards.

Squamish Bosa Previews in Vancouver!!

Tue, 01 May 2018 19:08:00 GMT

We had a busy weekend of Preview Appointments for our Squamish master-planned community and received a very positive response to the first phase of townhome inventory, which will be available for sale mid-May with two-bedroom homes starting from $689,900, and three-bedroom homes starting from $798,900.

In order to accommodate the level of interest in this first release, we have decided to open our Vancouver-based Information Centre for drop-in Previews for one week only, from May 2nd to May 9th, in advance to our commencement of sales. In addition, we will be continuing appointment-based Previews out of our Squamish Information Centre. Details below.

Open for drop-in Previews

May 2nd to May 9th
12-6PM Daily
Info Centre located on the 7th Floor,
1500 West Georgia Street, Vancouver

If you are interested in purchasing a home in this introductory phase, we strongly recommend that you come see us at our Vancouver or Squamish Info Centres at your earliest convenience. This will be the only opportunity to see floorplans, interior finishes, and virtual reality home tours in advance to sales.

CONNECT

BOSA’s Coming to Squamish!!

Tue, 24 Apr 2018 15:32:00 GMT

BOSA’s Coming to Squamish!!

2 and 3 bedroom townhomes
from approx.1,200sf to 1,785sf
Move-ins from 2019 through 2020
Prices starting from $689,900

Keller Williams Realty VanCentral BOLD Training Event 2018

Fri, 06 Apr 2018 15:30:00 GMT

We had a great launch for BOLD in Vancouver and Step 2 begins on Wednesday April 11th. I have a couple of guest seats available for the half-day on April 11, 2018 (for FREE) if you are a real estate agent interested in having a attending, please msg me.

“Extraordinary results happen only when you give the best you have to become the best you can be at your most important work.” Gary Keller

Open House Saturday Feb 17 at 2PM-4PM

Thu, 15 Feb 2018 15:29:00 GMT

Hi everyone,

Come on out to my Open House!

Where: 1060 Quebec Street, Vancouver BC

When: February 17, 2017 at 2PM-4PM

Click here for more information about the listing!

Real Estate Update – Metro Vancouver January 2018

Thu, 15 Feb 2018 15:18:00 GMT