Real estate sales in the Powell River region in December 2020 were significantly higher than sales from December 2019, setting a new sales record for the month of December, according to the Canadian Real Estate Association (CREA).
“We ended the year with record sales and price growth coming in at a much higher pace compared to the earlier months of the year during the lockdown period,” said Neil Frost, president of the Powell River Sunshine Coast Real Estate Board. “Ultimately, despite all the hardships faced during the year, our realtor members were on the frontline helping consumers navigate the market and make transactions during some of the most tumultuous times in recent history.”
In December 2020, in single-family home sales, there were 25 for a total of $10,064,800, compared to 17 in December 2019, amounting to $5,917,300.
In the single-family mobiles and manufactured home category, in December 2020, there were two sales for $330,000, compared to one sale for $81,500 in December 2019.
For single-family condos, apartments and duplexes, there were five sales, valued at $1,598,000, in December 2020, compared to five sales, valued at $1,693,900, in December 2019.
Residential totals show 32 units sold, valued at $11,992,800 in December 2020, compared to 23 units sold, valued at $7,692,700 in December 2019.
In terms of non-residential sales, there were eight parcels of vacant land sold in December 2020, valued at $1,580,000, compared to two parcels of vacant land in December 2019, valued at $1,180,000.
Grand totals show 40 units, valued at $13,572,800, sold in December 2020, compared to 25 units, valued at $8,872,700, in December 2019.
Frost said the Powell River market is facing a bit of a supply and inventory issue. He said there is a lack of listings here in town and in the rural areas.
“Everything is getting bought up in most of our areas,” said Frost. “Properties are selling quickly.”
Average single-family home selling price in December 2020 was $402,592. Average days on the market were 54. In December 2019, the average single-family home selling price was $348,076 and the average days on the market were 71.
According to statistics from CREA, on an annual basis, home sales totalled 418 units over the course of 2020, which was a large increase of 30.2 per cent over the same period in 2019.
Frost said it’s still a seller’s market, which is compounded by dearth of product. He said January and February 2021 will be a good time for home sales, weather notwithstanding. Weather did not influence sales in December 2020, especially compared to the previous year, according to Frost.
The number of vacant lots sold is significant, said Frost.
“That means people are turning to development as an alternative,” he added.
In terms of the real estate buyer profile, on a year-long basis, from January to November 2020, local buyers made up 45.4 per cent of the market, while out of area buyers made up 54.6 per cent. In the month of November 2020, there were 32 out of area buyers and 14 local buyers.
Dartmouth real estate agent fined, suspended for taking dog – CBC.ca
A Dartmouth, N.S., real estate agent has been fined $2,500 and had her professional licence suspended for a month after taking a man’s dog and failing to return the pet.
Mike Smaggus said real estate agent Sarah Sullivan took his bichon frise, Snoopy, under the pretense of dog-sitting for a night last spring, but instead rehomed the animal.
“This conduct is dishonourable, unprofessional, harmful to the best interests of the public and to the reputation of the industry at large,” the Nova Scotia Real Estate Commission said in its decision.
At the time, Smaggus and Snoopy were living in a rented north-end Dartmouth house that was listed for sale. Though Sullivan was not the listing agent, she had been to the home.
Smaggus said Sullivan offered to buy Snoopy, but he told her the dog was not for sale. She then offered to take the dog for a night while Smaggus moved out and found a new, pet-friendly place to live.
Smaggus said Sullivan gave him $200, either to help pay for the move or for Snoopy’s care. When he tried to get the dog back, Sullivan told him that Snoopy was no longer with her and that he had been rehomed.
When Smaggus tried to get Snoopy back, Sullivan used or threatened “to use information acquired only as a result of her access to the property as a real estate licensee,” the real estate commission said in its decision.
The commission also accused Sullivan of providing false or misleading information to investigators on several occasions. The board also noted a prior disciplinary action against Sullivan in 2014 when she provided false information to the commission.
Not a theft
Smaggus said he called police but was told it was a civil matter, not a theft, since money had changed hands.
“I’m pretty sure I won’t get the dog back,” he told CBC News. “It’s left a pretty bad taste in my mouth, the whole thing.”
Smaggus put out an appeal on social media, but has not heard anything. He said he doesn’t think there’s much he can do.
“Whoever has my dog has had him since last June, so I don’t think it’s really fair for me to take the dog back,” he said. “I’d like to see him, make sure he’s just doing alright.”
Sullivan told CBC News she is unable to tell her side of the story on the advice of her lawyer. The suspension on her licence is expected to be lifted in mid-February.
Halifax real estate agent suspended after showing home to client who skipped isolation – CBC.ca
A Halifax real estate agent has been suspended after knowingly showing a home to a client who had just arrived in Nova Scotia from outside Atlantic Canada, skipping the 14-day isolation requirement.
The licence of Adam Scott of HaliPad Real Estate Inc. has been suspended for one month, until Feb. 18, for violating the Real Estate Trading Act, according to a notice from the Nova Scotia Real Estate Commission.
The commission said an investigation was conducted after a complaint was made by a member of the public.
“The evidence supported Mr. Scott facilitated a viewing with a client knowing the client arrived from outside of Atlantic Canada the night before and had not completed the province’s COVID-19 pandemic mandatory 14-day self-isolation,” the notice said.
The commission said real estate agents and other industry members are required to follow COVID-19 health directives issued by the federal and provincial governments.
Scott was also ordered to pay a $1,000 fine.
N.S. suspends real estate agent for showing home to client who failed to self-isolate for COVID-19 – Global News
A Halifax-based real estate agent has had his licence suspended after he showed a home to an individual who he knew to have not self-isolated for a 14-day period as required by the Nova Scotia government to stop the spread of COVID-19.
The decision from the Nova Scotia Real Estate Commission was released on Monday.
In July 2020, Adam Scott of HaliPad Real Estate Inc. showed a home still under construction to a prospective buyer.
At the time, the Atlantic bubble was in effect and permitted residents of another province in the region to travel to another without any self-isolation requirements.
But the Nova Scotia Real Estate Commission found that the unnamed individual who was shown the home was from outside of Atlantic Canada and didn’t self-isolate for the full 14-day period.
When the house was shown a third person, a builder, was at the home.
Chris Perkins, the owner of HaliPad, told Global News in a statement that no one had a positive case of COVID-19 and it was not transmitted during the showing.
“This is the first time we experienced COVID-19 protocols not being strictly followed and the agent has taken full accountability for his poor judgement,” he wrote.
The New Reality: How COVID-19 could impact the commercial real estate market
The real estate commission says it repeatedly informed its members through a number of various methods that they were required to follow the federal and provincial COVID-19 health regulations.
In this case, Scott did not, and the commission found that his actions violated the professional conduct standards of a real estate agent.
As a result, Scott’s licence has been suspended for a month or until Feb. 17 and he has been ordered to pay a $1,000 fine.
Perkins says the company is deeply disappointed by the event and it served to underscore the importance of complying with COVID-19 regulations.
“We will continue to enforce our strict policy that agents will not attend (in-person) appointments with anyone who has not completed their mandatory isolation period.”
© 2021 Global News, a division of Corus Entertainment Inc.
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