With over a decade of experience in real estate, Darryl Persello stands out as a seasoned Realtor® serving the Greater Vancouver Area. As a long-time resident, a licensed real estate associate broker, and a certified negotiation expert, Darryl brings invaluable expertise to his clients. Darryl’s current listings on the market include three very different condos, in very different locations, each offering an enhanced living experience to potential buyers.
124-2600 East 49th Avenue, a charming starter home condominium in Vancouver, presents an ideal opportunity for budget-conscious buyers searching for an affordable yet stylish residence within one of Canada’s most exclusive markets. The two-bedroom, ground-level home boasts a prime location near the Killarney Centre shopping complex and the transit line. With spacious rooms, a delightful balcony, and an optimal layout, this condo is currently listed for C$569,000.
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6103-4510 Halifax Way is a gorgeous two-bedroom, two-bathroom sub-penthouse corner unit at The Amazing Brentwood Tower ONE in Burnaby. Featuring a stylish kitchen equipped with high-end appliances, 130 square feet of outdoor deck space showcasing breathtaking cityscape vistas, and a living area bathed in natural light, this unit epitomizes luxury living. Residents also enjoy access to top-notch amenities at The Amazing Brentwood Tower ONE, including a fitness center, guest suites, a games room, a private kitchen, and more. Priced at C$960,000, this condominium offers an unparalleled lifestyle experience.
201-180 East 2nd Avenue is a charming and bright unit nestled in the picturesque Olympic Village in Vancouver. This micro two-bedroom gem has undergone a fresh paint job, and the modern kitchen comes furnished with top-quality appliances. Condo residents will also benefit from excellent lifestyle amenities in the building, including a gym, a party room, a rooftop deck with barbecue areas, and more. Listed for C$729,000, this property presents an enticing opportunity for first-time buyers.
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These listings represent just a glimpse of the remarkable properties offered by Darryl Persello in the Greater Vancouver Area. As one of North America’s most dynamic and sought-after markets, Vancouver continues to captivate buyers and investors alike. We sat down with Persello to gain some insights into what lies ahead for this market in 2024.
HAVEN: What is happening in the local real estate market in Greater Vancouver?
Darryl: The local market in Greater Vancouver is alive and well! We have recovered from a tough year in 2023 where record-high interest rates cooled our local market last fall, and sales were at record-low levels. Prices declined but only minimally, typically ranging between 1 and 5 percent. The market is very product- and area-specific at the moment. Each community has a different sales-to-listings ratio. In some areas, condos are hot, and in others, they are not. But houses may be very active. This variance in activity can be attributed to affordability, consumer desire, and inventory levels.
HAVEN: Are we going to see any major changes in the real estate market in 2024?
Darryl: Yes, many key changes are occurring in 2024. First, the Canadian government decided to extend the foreign buyers ban for an additional two years until January 2027, of course with some exceptions. There have also been other changes to assist homeowners in BC. The BC government has dramatically increased the basic annual homeowner grant up to C$2.15 million for 2024. In April 2024, the property transfer tax exemption for qualified first-time homebuyers is increasing dramatically to $835,000 for resale homes and $1.15 million for brand-new homes. Another major change coming on May 1st is the requirement in our most populated and popular communities to only be able to operate a short-term rental (i.e., Airbnb) in a principal residence. We are also looking forward to the Bank of Canada finally dropping its prime rate later this year as inflation levels continue to gradually decline in Canada.
If you have any questions or are thinking about buying or selling a home in Greater Vancouver, you can contact Darryl at 604-306-1340 or darryl@darrylpersello.com. Or learn more at www.persello.ca.
