The Real Estate Board of Greater Vancouver has released data for July 2012 which shows that pricing is beginning to be negatively impacted by slowing sales. A selected grouping of housing types and areas, shown below, shows pricing changes over the last two years.

This comes as July was the slowest month for home sales in Metro Vancouver since 2000. Of course, prices are still up in most areas YoY, but there has been a consistent decline in June/July  across all types and areas. Single family homes have shown the greatest run up in prices over the past two years.

(click above for greater detail)

The Home Price Index (HPI) measures local housing price changes similar to the consumer price index.

Source: REBGV stats

A local investor group has acquired 1827 West 5th Avenue, a 2-storey office building and parking lot located on West 5th Avenue in the Kitsilano area just west of Burrard Street. The building is 11,300 sq ft and is fully leased to KPMG for a term of two years with three one year renewal options.The site area is 11,200 sq ft.

The purchase price was $6,280,000, representing a 5.0% cap rate on existing income. The zoning for the property is RM-4 and C-3A, which permits redevelopment in the future.

Does Vancouver’s hot investment market make building a better option?.

Consistent demand and high lease values in Vancouver’s downtown office and retail property markets combined with low interest rates continue to fuel a sizzling investment market.

“I don’t think I’ve ever seen the investment market this robust, vibrant and strong. We get multiple bids on everything and anything,” says Ross Moore, director of research for CBRE Canada.

Developer floats Lower Cap revamp.

DEVELOPERS are looking to completely revamp a large section of the Lower Capilano neighbourhood, converting what is largely empty space to a “village centre” complete with multifamily homes, a community centre and public plaza.

Larco Investments presented the plan to neighbours at two meetings last week. The proposal, still in its preliminary stages, would see a cluster of multi-storey residential buildings and a limited amount of commercial space appear on what is now a vacant lot – once the home of the Capilano Winter Club. The 4.35-acre site sits between Curling Road and Fullerton Avenue to the west of Capilano Road.