379 27.2% 821 58.4% 30 70.6%

WEST CONDO REPORT This communication isnotintended tosolicit properties alreadylisted. COMBINED February 2020VS.2019 $780,500 HPI BENCHMARKPRICE-DOWNTOWN FEB30 AVE. DAYSONMARKET 821 INVENTORY ATMONTHEND 379 UNIT SALES 379 condosinthecityFebruaryatanaveragepriceofmorethan$800,000. which hasthehighestcondopricesinregion,ismostpopularforbuyers,whopurchased Vancouver, upmorethan500transactionsfromthesametimein2019.TheCityof couver atanearfeverishpace.SinceNewYearsday,1,875condoapartmentshavesoldinMetro and arecentconstructionpacethatwouldoverwhelmmostmarkets,condosaresellinginVan- ship. Despiteablizzardofgovernmentpoliciestocooldemand,thehighestpricesincountry If therehasbeenoneconstantinVancouveritistheongoingloveaffairwithcondominiumowner- KEYINSIGHTS:FebruaryVancouverCondos FAITH’S ...contd. onp.2 70.6% 58.4%

27.2% 2.31% February 2020 FEBRUARY - VANCOUVER CONDO REPORT

THE REAL VANCOUVER CONDO RESULTS: FEB 2020 THE REAL NEIGHBOURHOOD RESULTS: FEB 2020

SALES PRICE MONTHLY TREND SALES AND BENCHMARK BENCHMARK PRICE PRICES BY NEIGHBOURHOOD CHANGE (%) $1,000,000 MLS Neighbourhood Unit Sales HPI Benchmark Price 1 Month 3 Months $900,000 $861,732 $828,239 $837,164 VVE $808,449 $816,600 $818,785 $800,000 Average Sales Price Champlain Heights 1 739,600 0.49 4.78 – Collingwood VE 15 493,400 -2.21 1.55 $700,000 $723,000 $715,000 $708,500 $700,000 Downtown VE 12 618,000 2.47 -1.03 $688,500 $673,500 $600,000 Fraser VE 2 523,900 0.24 1.27 Grandview Woodland 7 550,900 2.38 2.61 $500,000 Median Sales Price – Hastings 5 467,600 1.47 -1.86 SEP OCT NOV DEC JANFEB Hastings Sunrise 0 485,000 3.30 3.53 DAYS ON MARKET MONTHLY TREND Killarney VE 0 601,500 1.47 6.47 Knight 2 686,700 1.53 2.84 50 41 Main 5 699,000 1.39 1.39 39 40 37 38 35 Mount Pleasant VE 32 601,100 4.16 12.44

30 Average Days on Market Renfrew Heights 1 423,000 2.04 0.93

30 –

Days Renfrew VE 2 599,500 3.74 3.74 20 24 21 22 19 South Marine 14 667,100 0.10 4.32 16 10 14 Strathcona 7 706,300 3.96 11.24 Victoria VE 8 636,100 3.86 2.72 0

Median Days on Market Vancouver East 118 579,800 1.97 5.08 SEP OCT NOV DEC JANFEB – VVW Cambie 7 690,200 1.66 6.01 Coal Harbour 7 990,000 2.91 10.66 LISTING AND SALES ACTIVITY BY PRICE SEGMENT Downtown VW 61 698,100 2.90 8.82

Sales-to-New- Dunbar 1 693,700 1.85 -0.42 Price Segment ($) New Listings Added Unit Sales Listings Ratio Fairview VW 23 811,300 4.47 9.41 0 – 200,000 0 0 0% False Creek 14 846,200 4.52 6.89 200,001 – 250,000 0 0 0% Kerrisdale 4 877,800 1.08 -1.67 250,001 – 300,000 4 1 25% Kitsilano 24 639,300 2.32 4.62 300,001 – 350,000 3 2 67% Marpole 9 598,700 1.49 4.98 350,001 – 400,000 14 7 50% Mount Pleasant VW 1 586,600 3.87 6.30 400,001 – 450,000 25 10 40% Oakridge VW 3 1,065,400 2.52 6.49 450,001 – 500,000 30 20 67% Point Grey 2 593,800 0.04 -2.34 500,001 – 550,000 44 34 77% Quilchena 6 1,071,300 1.59 -1.03 550,001 – 600,000 63 31 49% S.W. Marine 5 488,600 0.03 -2.07 600,001 – 650,000 45 38 84% Shaughnessy 1 625,000 2.22 3.71 650,001 – 700,000 69 32 46% South Cambie 2 933,300 0.65 7.10 700,001 – 800,000 99 67 68% South Granville 1 1,002,800 1.07 5.62 800,001 – 900,000 58 41 71% Southlands 1 776,800 1.72 -3.32 900,001 – 1,000,000 56 31 55% University VW 14 887,100 1.84 -2.35 1,000,001 – 1,250,000 57 32 56% West End VW 31 656,000 2.63 3.31 1,250,001 – 1,500,000 48 11 23% Yaletown 44 850,900 1.09 6.20 1,500,001 – 1,750,000 23 7 30% Vancouver West 261 796,100 2.62 6.08 1,750,001 – 2,000,000 24 7 29% 2018 2019 CHANGE 2,000,001 – 2,250,000 8 3 38% UNIT SALES (BY MONTH) 2,250,001 – 2,500,000 7 2 29% January 207 306 47.8% 2,500,001 + 31 3 10% February 298 379 27.2% March Totals 708 379 54% April May June Total 505 685 35.6%

Faith’s Exclusive Vancouver Condo Analysis PAGE 2 JANUARY - VANCOUVER CONDO REPORT

THE REAL VANCOUVER CONDO RESULTS: JAN 2020 THE REAL NEIGHBOURHOOD RESULTS: JAN 2020

SALES PRICE MONTHLY TREND SALES AND BENCHMARK BENCHMARK PRICE PRICES BY NEIGHBOURHOOD CHANGE (%) $1,000,000 MLS Neighbourhood Unit Sales HPI Benchmark Price 1 Month 3 Months $900,000 $861,732 $828,239 $837,164 VVE $806,669 $808,449 $816,600 $800,000 Average Sales Price Champlain Heights 0 735,900 2.92 5.86 – Collingwood VE 15 504,500 2.78 6.48 $700,000 $715,000 $708,500 $700,000 Downtown VE 7 603,100 -1.56 -4.24 $688,000 $688,500 $673,500 $600,000 Fraser VE 3 522,600 0.53 3.10 Grandview Woodland 4 538,100 -0.19 1.72 $500,000 Median Sales Price – Hastings 9 460,800 -0.53 -4.43 AUG SEP OCT NOV DEC JAN Hastings Sunrise 0 469,500 0.62 1.31 DAYS ON MARKET MONTHLY TREND Killarney VE 2 592,800 1.46 3.95 Knight 0 676,300 -1.36 1.90 50 41 Main 3 689,400 -0.97 1.25 39 39 40 37 38 35 Mount Pleasant VE 15 577,100 3.78 6.02

Average Days on Market Renfrew Heights 0 414,500 -0.39 0.47

30 –

Days Renfrew VE 1 577,900 -0.62 2.67 20 25 24 21 22 19 South Marine 12 666,400 1.75 4.65 10 14 Strathcona 3 679,400 3.06 5.37 Victoria VE 4 612,500 -0.23 2.42 0

Median Days on Market Vancouver East 78 568,600 1.66 3.02 AUG SEP OCT NOV DEC JAN – VVW Cambie 7 678,900 1.29 2.13 Coal Harbour 7 962,000 4.90 8.67 LISTING AND SALES ACTIVITY BY PRICE SEGMENT Downtown VW 43 678,400 2.00 5.63

Sales-to-New- Dunbar 1 681,200 -2.55 -2.92 Price Segment ($) New Listings Added Unit Sales Listings Ratio Fairview VW 18 776,500 2.56 3.02 0 – 200,000 0 0 0% False Creek 21 809,600 1.84 2.65 200,001 – 250,000 0 1 0% Kerrisdale 5 868,400 -1.53 -2.64 250,001 – 300,000 0 0 0% Kitsilano 24 624,800 1.89 1.98 300,001 – 350,000 6 2 33% Marpole 10 589,900 1.45 2.23 350,001 – 400,000 20 10 50% Mount Pleasant VW 0 564,700 3.57 3.91 400,001 – 450,000 10 7 70% Oakridge VW 1 1,039,200 0.46 1.63 450,001 – 500,000 32 13 41% Point Grey 4 593,500 -1.82 -2.78 500,001 – 550,000 43 34 79% Quilchena 3 1,054,500 -1.91 -2.08 550,001 – 600,000 45 19 42% S.W. Marine 0 488,400 -2.47 -4.03 600,001 – 650,000 41 35 85% Shaughnessy 0 611,500 0.72 4.53 650,001 – 700,000 44 26 59% South Cambie 3 927,300 2.90 3.52 700,001 – 800,000 73 45 62% South Granville 1 992,200 2.35 1.50 800,001 – 900,000 63 31 49% Southlands 1 763,600 -4.05 -3.12 900,001 – 1,000,000 49 13 27% University VW 11 871,100 -0.98 -3.76 1,000,001 – 1,250,000 66 20 30% West End VW 23 639,200 1.09 0.35 1,250,001 – 1,500,000 53 14 26% Yaletown 27 841,800 4.25 3.41 1,500,001 – 1,750,000 27 9 33% Vancouver West 210 775,700 2.03 2.86 1,750,001 – 2,000,000 27 2 7% 2018 2019 CHANGE 2,000,001 – 2,250,000 13 1 8% UNIT SALES (BY MONTH) January 207 306 47.8% 2,250,001 – 2,500,000 16 3 19% January 207 288 39.1% February 298 379 27.2% 2,500,001 + 37 3 8% February March March Totals 665 288 43% April April May May June June Total 505 685 35.6% Total 207 288 39.1%

Faith’s Exclusive Vancouver Condo Analysis PAGE 3 FEBRUARY - VANCOUVER CONDO REPORT contd. from p.1

Vancouver has Canada’s most sophisticated real estate investors for anyone who purchased a condo at the benchmark price. Since and they know that that owning a Vancouver condo is a flat-out 2017, the typical Vancouver condo has gained 17% in value and is great investment. Average prices aside, 40 buyers paid less than still increasing. $500,000 for a Vancouver condo apartment in February. In a city The provincial government, which has piled speculation taxes, where a one-bedroom apartment rents for $2,000 a month, condo- empty-home taxes, foreign-buyer taxes and other obstacles in front minium ownership is a bargain, especially when mortgage rates are of condo buyers, now predicts that new condo starts will plunge falling and condo prices continue climbing. In February, the typical this year. With mortgage interest rates at near-record lows, I ad- Vancouver condo price was from 2% to 2.6% higher than it was a vise Vancouver condo shoppers to act now before the spring buying month earlier. This equates to a one-month equity appreciation of competition gets fully up to steam. $20,000 on the Westside and $11,500 on the Eastside of the city JANUARY - VANCOUVER CONDO REPORT

Investors can do their part in easing Vancouver’s notorious rental Aside from knowing they are helping to ease the rental shortage, housing shortage and make an excellent long-term investment by Vancouver condo investors can also be assured they are making a simply buying one or two condos. In fact, such investors have done wise investment. In the past five years, the price of a typical con- more to provide much-needed rental housing in Vancouver than all dominium apartment in Metro Vancouver has increased by nearly the government initiatives, incentives and other grand plans com- 70%. As of January, the benchmark price of a Vancouver condo bined. Right now 36% of all condos in Vancouver are being rented was 20% higher than in 2017, just before the provincial and federal and the tenants are paying the highest rents in the city. governments, and the city, launched a series of policies aimed at In the past year, 11,118 condominium apartments were added to the driving all home sales down (which of course increased demand long-term rental stock in the Metro region, including 2,996 condos and the price of rentals). January condo prices were up 2% from in downtown Vancouver and 5,920 in the rest of the city. In com- a month earlier. There is no lack of tenants, with a 0.3% rental va- parison, despite the bleating and pleadings of government programs cancy rate for condo rentals, despite an average condo rent of more and plans, a total of just1,464 purpose-built rental apartments were than $2,200 in the city. So here is the plan: buy one Vancouver con- completed across Metro Vancouver in 2019, with just 743 finished do for yourself and one for rental market. You will reap the benefits in the city of Vancouver. of steady rental income and asset appreciation and know you are doing your bit to ease the rental crisis So you have decided to buy your next dream home? To ﬁ nd the best home for your needs at the price you deserve what you need is a Realtor® TO GET STARTED... who’s advice is guaranteed! First, visit FaithWilsonGroup.com for extensive details about: Vancouver area neighbourhoods YOUR SATISFACTION IS GUARANTEED from dog parks to home pricing by property type; our ex- NOT HAPPY with your home within the ﬁ rst 18 months? clusive monthly Market Update research publications; Then we will relist it, resell it and not charge you our comission! our awards & achievments and much, mujch more. *Some conditions apply Then call me at 604-224-5277 or 1-855-760-6886 or email me at [email protected]

Faith’s Exclusive Vancouver Condo Analysis PAGE 4