Sometimes it’s easy to make a mountain out of a molehill. Other times, like when your driveway is starting to show some wear, you might instead try to make a crack out of a canyon. It’s not that you don’t want to make a driveway repair, but often it’s hard to know when the time is just right. So, how can a homeowner know for sure?

Wear and Tear on a Driveway is Normal

It’s not unusual to see a few small cracks or pits in the surface of your driveway as it ages. Asphalt, especially, pits, cracks, heaves, alligators and buckles. Cement, on the other hand, mostly just cracks. Other types, like specialty driveways made from bricks or pavers are best to always be assessed by a professional, so it might not be a bad idea to have one out yearly.

For the rest, you can probably tell when it’s getting close to time to dress the drive up again.

But it’s not just a cosmetic improvement, repairing your driveway stabilizes the pavement or slab itself in many cases. Asphalt is much more plastic than cement, so unless the cracks are small in your cement drive, expect a big job.

Asphalt can often be restored from a sad shape, so long as most of the surface is intact and it’s not badly buckled.

When to Patch and Repair Asphalt Driveways

Choose a warm day when it’s going to be dry for a bit. Also, make sure you can move your vehicle elsewhere, either to the street or to a neighbor’s driveway for the next two days so the new sealant can dry. You should evaluate it yearly, but anticipate only really needing repairs every three to five if you’re dedicated to preventing water damage to the surface with proper use of gutters and other precipitation diverters.

Between resealing, patches and repairs, scrub the surface regularly with mild dish soap and warm water to help keep your driveway at its best. It should look slick and black and maybe even a little bit shiny. When it starts to look more dried out, keep an eye out for other changes or plan to reseal it in the very near future. A nice black driveway always looks its best, anyway.

Repairing and Patching Cement Driveways

Cement driveways are a bit of a different story. Some cracks can be sealed by a homeowner with simple tools, others cannot. It’s not always clear how extensive the damage is when you’re experiencing extensive cracking or have areas that are no longer flush with the rest of the surface, so this is definitely a job for an experienced handyman or driveway expert.

There are several interesting new technologies that are being used to lift cement pads back into place with materials like polyurethane foam. It’s really something to see! Although not available everywhere, the technology can salvage some driveways that would otherwise have to be busted out, hauled off and repoured, a process that can be a real headache.

You can clean your cement driveway with a power washer if you know how to use one very delicately so that you don’t remove the thin surface coat. Otherwise a driveway brush, mild detergent and a hose will do the trick for regular cleanings.

When in Doubt, Call a Pro

There are a lot of parts of your property that leave lots of room for error. Your driveway isn’t one of them. If you have any doubts about your ability to evaluate, repair, replace or even handle the materials required to do so, call in a pro. But where do you find one?

Your Realtor already knows the best companies in town for your driveway type and can recommend them to you. So Call for a recommendation! 604-818-9909

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If you’re thinking ahead to your next dream home, the road you need to take to get there may seem confusing. Do you search for listings online? Drop by Open Houses on the weekends? Call the number on For Sale signs?

Let’s break it all down! Here are the specific steps you need to take to ensure you find a home that fits your wants, needs and budget.

• Find out how much your current property will likely sell for on today’s market.
• Arrange for financing, so you know what you can afford.
• Select neighbourhoods you’d love to live in. (That may involve some fun exploring!)
• Decide on the type of home you want to buy. (For example: detached, three-bedroom, etc.)
• Prioritize the property features you want most, so you can be flexible if a feature is missing from a home listed on the market that is otherwise ideal.
• View properties on the market that closely fit your criteria, particularly new listings that may not yet be posted online. (Tip: Arrange to be immediately notified of new listings that are a good fit for you.)
• When you find a home you want, make an offer designed to get the property — without overpaying.
• Negotiate until you secure the deal. This may involve counter-offers.
• If the negotiation is skillfully done and all goes well, the home is yours.

As you can see, there isn’t a lot of mystery in finding your next dream home. You just need to take the steps and get the professional help you need along the way. Looking for a real estate agent that can get you to the finish line?

Call today!

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It's here already! This is my second year running this exciting event! Last year, I threw it together in just a week, so this year it has been a bit smoother and we have an amazing partner in the event this year, Toby's North Shore, Pub & Grill! 

I decided to start the event as a way to connect and say thank you to my wonderful clients and to come together to help others in our community at the same time! Last year we had about a pick up truck load of donations, and this year, I'm opptimistic that we can get a full van load! 

The blanket drive is in conjunction with the REALTORS© Care Blanket drive which is in it's 24th year of helping members of our communities in the Lower Mainland, keep warm, safe and healthy each winter. We often take for granted the luxury we enjoy everyday, with a warm home, soft bed and clothes to keep us comfortable when we do venture out into the cold. 

This is such a good opportunity for all of us to be grateful for all we have and help some that aren't as fortunate to have a bit better day, life and year. 

Please Join me in making this years event a huge success!

When: Saturday, November 17th, from 8-10am

Where: Toby's North Shore 1378 Main St. North Vancouver

Cost: Just bring your empty belly, a smile and your donation of some blankets, sleeping bags, coats, or new socks & underwear!

Special Thanks go to Toby's North Shore, Kathy & Andrew, Fergusons Moving & Storage, Lorne McInnis, and all of the Realtors, staff and volunteers at the Real Estate Board of Greater Vancouver, for all your help in making this all possible!

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Housing supply up, demand down across Metro Vancouver

July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold.

Last month’s sales were 29.3 per cent below the 10-year July sales average.

“With fewer buyers active in today’s market, we’re seeing less upward pressure on home prices across the region,” Phil Moore, REBGV president said. “This is most pronounced in the detached home market, but demand in the townhome and apartment markets is also relenting from the more frenetic pace experienced over the last few years.”

There were 4,770 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2018. This represents a 9.2 per cent decrease compared to the 5,256 homes listed in July 2017 and a 9.6 per cent decrease compared to June 2018 when 5,279 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,137, a 32 per cent increase compared to July 2017 (9,194) and a 1.6 per cent increase compared to June 2018 (11,947).

“Summer is traditionally a quieter time of year in real estate. This is particularly true this year,” Moore said. “With increased mortgage rates and stricter lending requirements, buyers and sellers are opting to take a wait-and-see approach for the time being.”

For all property types, the sales-to-active listings ratio for July 2018 is 17.1 per cent. By property type, the ratio is 9.9 per cent for detached homes, 20.2 per cent for townhomes, and 27.3 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark 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 $1,087,500. This represents a 6.7 per cent increase over July 2017 and a 0.6 per cent decrease compared to June 2018.

Sales of detached properties in July 2018 reached 637, a decrease of 32.9 per cent from the 949 detached sales recorded in July 2017. The benchmark price for detached properties is $1,588,400. This represents a 1.5 per cent decrease from July 2017 and a 0.6 per cent decrease compared to June 2018.

Sales of apartment properties reached 1,079 in July 2018, a decrease of 26.5 per cent compared to the 1,468 sales in July 2017. The benchmark price of an apartment property is $700,500. This represents a 13.6 per cent increase from July 2017 and a 0.5 per cent decrease compared to June 2018.

Attached property sales in July 2018 totalled 354, a decrease of 34.8 per cent compared to the 543 sales in July 2017. The benchmark price of an attached unit is $856,000. This represents a 12.1 per cent increase from July 2017 and a 0.4 per cent decrease compared to June 2018.

Source: Real Estate Board of Greater Vancouver

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North Van home sales continue to make gains, as we’ve become used to. However, there are some huge differences between the different market segments.

Detached- As we’ve seen since the mid-point of 2016, the sales of detached homes has settled down drastically from the previous couple of years. That being said, the detached market did push up just onto the sellers’ side of the market in October, meaning that more than 20% of homes listed for sale, were selling, 22.1% to be precise. This trend makes a lot of sense, when you consider the increase in the benchmark price for townhomes has continued to push upwards. However, the benchmark price for a detached home in North Van has slipped from $1.713 million to just $1.7 million from last month, but, is still up from $1.665m a year ago. Inventory of available homes was 367 listings and 81 sales, at an average of 26 days on market.

Townhomes- This market has continued to outpace historic sales, and has been in a very strong sellers’ market with 71.2% of homes listed, selling within the month. The benchmark price has jumped almost 15% year over year from just $849,900 last year, to $977,000 now. If you’re in a townhouse and looking to make the move to a detached home, now would be a great time as the gap in benchmark pricing has fallen by 26% from last year. Inventory of available homes was 52 listings and 37 sales, at an average of 26 days on market.

Condos- The condo market is the fastest paced segment again this month with 75% of listed homes selling. Not only that, multiple offers are also pretty common still with the average selling price 101% of sale price, indicating many are selling over asking price. This would be a great time for home owners looking to move up to a townhouse or detached home, as the condos are selling fast, over asking price, helping to narrow the gap in pricing on the move up. Inventory of available homes was 167 listings and 125 sales, at an average of 18 days on market.

To recap, the current market holds some great opportunities to upsize in any way. I believe you can expect to greater pressure on the low end of the markets, especially condos and townhomes, however, I do expect the low end of the detached market is also likely to receive increased activity.

If you would like some greater insight into your personal situation and how you could be impacted, please call now! 604-818-9909

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.