Greater Vancouver Real Estate News from The Pearce Team March 2018   

We may see our pets as cute and cuddly but they can often pose a real challenge when it comes time to sell your home. This month's article offers a few tips for pet owners who are thinking about putting their home on the market.

There are also some tips on how to quickly declutter your space as well as a few of the latest tech trends from the Las Vegas Electronics Show!

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

The Pearce Team

In this issue...
Vancouver Real Estate Market Update 
Greater Vancouver home buyers less active in February.

Metro Vancouver home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold.

Last month’s sales were 14.4 per cent below the 10-year February sales average. By property type, detached sales were down 39.4 per cent over the same period, attached sales were down 6.8 per cent, and apartment sales were 5.5 per cent above the 10-year February average.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.”

“The spring is traditionally the busiest time for home buyers and sellers in our market. We’ll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year,” Oudil said. “To help you navigate these changes in today’s housing market, it’s important to work with your local REALTOR®.”

Locally in Maple Ridge 

Sales of detached houses for February were 80 which is a 12% increase over last February which was 71 while the number of houses for sale decreased by 2%. The average price for the month of February was $902,079 compared to last years February of $740,317. This represents the average price increase of 21% over last year. Average sale price year to date is $907,766. 

Sales of  townhouses for February were 31 which is an 31% decrease over  last February, while the number of townhouses for sale is 74 which is a decrease of 6% over last year. The average price for February was $569,112 compared to last years February of $464,630. This represents an average price increase of 22% over the last  12 months. Average sale price year to date is $556,154.    

Sales of condos for February were 44 which is a 41% increase over last February while the number of condos for sale is 39 which is a decrease of 48% over last year. The average price  this February was $384,263 compared to last years February of $272,021. This represents an average price increase of 41% .  Average sale price year to date is $368,035.    


For Pets Sake, Don't Soil Your Sale 
Make sure your pets don’t become a buyer’s pet peeve.

It's important to present a top-notch first impression when selling your home. If you share your home with pets though, you'll need to work extra hard to ensure it looks (and smells) its best!

Although you consider your pets part of the family, potential buyers will likely view them as a smelly nuisance. If you own pets, here are a few tips that will help when it comes time to sell your home:

  1. Deep Clean - Steam clean all carpets, rugs and couches and be sure to vacuum your home every day.

  2. Do the Doo Doo - Don't forget to clean up outside before showings as people exploring your garden will be turned off by seeing it or even worse, stepping in it.

  3. Gone to the Dogs - Most people don't want to be greeted by a barking dog when they enter a home. A whining dog in a crate is also a huge distraction so take Fido out for a walk if you're unable to make other arrangements.

  4. Creepy Critters - Some buyers may be too scared to tour a room that contains pets such as snakes or rodents. They may even decide to leave your home altogether so try and remove any creepy creatures before putting your home on the market.

  5. Fur Real - Clean pet hair out from under the stove, tables, blinds and all crevices. Aside from its unsightly appearance, many people suffer from allergies and you don't want them sniffling and sneezing while they're viewing your home.

  6. Scratch the Surface - You're probably so used to your scratched and chewed up furniture that you don't even notice, but buyers will. Inspect your home thoroughly and repair scratched areas including window frames, doors, furniture and floors.

  7. Breathe Easy - Few smells are as offensive as those associated with animals. Buyers will be exploring the basement so make sure any litter trays are clean. Open up windows and simmer a few cinnamon sticks in water as buyers may be allergic to artificial scents.

It's also important to declutter and depersonalize your home before showings so don't forget to clear away pet beds, feeding bowls and toys from both inside and outside your home. Even animal lovers will be put off by the hair, smell and mess that pets can make so take these tips into account to ensure your furry friends don't soil your sale!

Tax Alert!!! 
The provincial government has introduced some new taxes in their provincial budget that may affect you if you own a vacation property.

Billed as a "Speculation Tax" it is really an empty home tax. When first released in the budget the government said that any one that paid income taxes in the province of BC would be exempt. Next it was disclosed that ALL would pay but would have an opportunity to reduce the taxes on their income tax return. Over the last few days due to huge the response from owners of cottages and recreational property they are revisiting how the tax is applied and "may" make changes.

If you have a recreational property or summer cottage make sure you get all the details and unless you want to pay any additional tax, make sure you contact your MLA. There are online petitions available.

If you need additional information feel free to contact me.

Fast and Furious Decluttering 
Decluttering your home doesn’t have to take all day.

Research suggests that cluttered homes cause stress and anxiety. Sometimes it’s hard to know where to start so here are 5 ways to conquer your clutter in less than 5 minutes!

  1. Medicine Cabinet - Check for expired items and carefully dispose of them.

  2. The Junk Drawer - Throw out trash and then try to find a permanent home for everything else.

  3. Clutter Chaos - Clutter is often a result of items that are just left lying around. Grab a box and return toys or magazines back where they belong.

  4. Tupperware Toss - Clear up space by going through your tupperware drawer and recycle anything that doesn’t have a mate.

  5. Car Clutter - If your vehicle’s full of receipts, empty water bottles and crumpled up wrappers then it’s time to clear out the trash and return other items to their home.

Try to always be on the lookout for items you no longer use. For example, if you no longer play DVDs or CDs, donate them so you can gain valuable space! Decluttering can make a huge impact on our lives because an uncluttered home will promote peace and calm.

Exciting New Household Tech Trends 
Today’s homes are continuing to get smarter and smarter!

Every year, the Consumer Electronics Show in Las Vegas introduces new and exciting technology. Here are a few of the latest innovations in smart home technology:

  1. Laundry Folding Machine - Who’s got time for the tedious task of folding clothes? There’s now a cool new machine that will deliver a fresh pile of perfectly folded laundry!

  2. Smart Loo - The smart home revolution has reached the bathroom with toilets that are equipped with foot warmers, heated seats, mood lighting and music functionality!

  3. Mirror, Mirror - There’s now a mirror that comes with Alexa so now you can ask about the weather or the latest news while you’re getting ready in the morning.

These are just a few of the coolest technologies to hit the market this year. As homes get smarter and more connected, homeowners will continue to benefit by enjoying unprecedented levels of convenience and comfort.



 We have ALL the MLS listings on our site, no need to go anywhere else.   Sit back, relax and let us do the work for you! Just visit and use our preset searches in $50,000 increments for Maple Ridge & Pitt Meadows. If you want to be more specific use the "other communities feature". Either way, save your search and whenever a home matching your criteria hits the market, it'll be automatically emailed to you so you'll never have to worry about missing your dream home. Go to  to get started. Our site is a virtual office so if you sign up as a member (no obligation)  then the MLS information you receive will be current to the minute with twice the detail ( room sizes, time on market, previous prices, etc). SEE IT FIRST ON OUR SITE!! Sites like and have a built in 24 to 48 hour delay on all their listings. Use our Google maps interface to get a  "birds eye" view of the listing and of the neighborhood. Check out the amenities in the area with the "walk to" score. If English is not your first language then use the translate feature on the home page. Want a feature that is not there, give us a call or email and we will see if we can add the feature. We look forward to hearing from you.

Not meant to solicit clients already under contract.