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HofVan Real Estate Group always puts the information needs of our clients first. Read these blog posts for tips, suggestions and other newsworthy notes to help sellers and buyers in the Lower Mainland real estate market.


Brentwood Food Truck Festival happening in Burnaby, BC

The Brentwood Great Takeout Food Truck festival is happening in Burnaby, BC. Starting June 20, 2020, Burnaby residents will have access to some amazing eats by local food trucks in the Brentwood area!

Where in Burnaby is the Brentwood Great Takeout Food Truck festival happening?

The Brentwood Great Takeout Food Truck festival will be held at 2150 Alpha Ave, Burnaby. The event will be from 11:00AM to 6:00PM and happen bi-weekly starting June 20th.

Skip the lines and order ahead

A few of the vendors are offering online ordering. Therefore you can order ahead and skip the lines. For instance you can call when you arrive and the vendor will bring the food directly to you.

Next Gen Concessions

Next Gen Concessions provides food stalls across the lower mainland specializing in hot dogs and burgers.

At the Brentwood Great Takeout Food Truck Festival in Burnaby they will be serving Tokyo street dogs, french fries, poutines and jumbo hot dogs. To be sure to skip the lines you can order your meal online from this site. During the event just call upon arrival and one of their staff will bring the food directly to you.

The Trukin’ BBQ

The Trukin’ BBQ will also be at the event serving delicious barbecue meat sandwiches. Their sandwiches include pulled pork and beef brisket. Additionally you can find poutines with barbecued meats on top. There are also other delicious side items like deep fried pickles. In order to see the full menu please click here. If you would like to order ahead of the event please call 778-388-7390 for availability.

Reel Mac and Cheese

Reel Mac and Cheese will also be a the event. This Canadian staple of any food truck event offers delicious gourmet takes on mac and cheese. One of our favorite options is the Godzilla. This is mac and cheese with a Japanese twist. If you’d like to see the full menu, click here. To order ahead please text 604-828-8440.

Rocky Point Ice Cream

Rocky Point Ice Cream will also be at the Brentwood Food Truck Festival in Burnaby. This delicious Port Moody favorite will make the drive to Burnaby and bring their amazing flavors. To order ahead of time please text or call 604-788-1661.

For more information about the Brentwood Food Truck Festival in Burnaby

Additionally if you’d like to find more information regarding the event please visit the Greater Vancouver Food Truck Festival website.

Plus if you haven’t already done so visit our real estate tools to find out which restaurants are in your community.


Where to buy Vancouver Real Estate when going to UBC?

If you are looking to purchase real estate in Vancouver for your child or yourself that will be attending UBC (University of British Columbia), there are a few things to consider. While this article does provide information and guidance buying real estate in Vancouver for UBC. It is in no way a substitute for receiving professional legal advice. Meaning it is important to seek independent legal advice before moving forward on a purchase.

Purchasing a home on University/UBC lands in Vancouver West

When considering purchasing real estate in the UBC/University area of Vancouver West, there are two prominent types of ownership available for purchase. These are leasehold and freehold.

Leasehold vs Freehold

There are three types of leasehold: private, public & first nation. For this article we will be focusing on private. Buying a leasehold property, you purchase the rights to live in the home for a limited period of time. For example, in UBC the period of the lease is usually 99 years.

While a freehold interest, the owner has continuous use of the land subject to local bylaws and other restrictions. Freehold interest is also known as a fee simple interest.

For further reading on different types of homes and ownership, please read RECBC’s article on buying a home.

When does a leasehold start?

As mentioned above, leasehold periods for Vancouver Westside real estate in UBC usually has a period of 99 years. However, that does not mean that the 2nd owner of that home will get the full 99 years. As a buyer of a previously owned leasehold property, you are only buying the remainder of the lease. This means that the original owner may have the longest period of 99 years. But any subsequent owners will have a shorter period.

What happens at the end of a leasehold period?

There are renewal options and/or buyout options that are provided in the lease. Therefore it is always advisable to review the lease with a lawyer prior to purchase. Another option would be to have reviewing the lease as a subject in the offer.

The value of leasehold

Leasehold properties can be considered unwise investments. The reason being as time passes the length of the lease decreases. This can sometimes make leasehold properties less desirable.

For further reading, Pazder Law has written an amazing article in regards to leasehold properties.

Is all Vancouver Westside Real Estate Leasehold in UBC?

Map of the University Area in Vancouver West. Source: Real Estate Board of Greater Vancouver

While homes in UBC can be leasehold, not all real estate in the University area of Greater Vancouver is leasehold. There are some homes that are freehold. Working with a REALTOR® can help you determine the property’s ownership.

Click here to view active listings in the UBC area.

Vancouver real estate near transit to go to UBC

Understandably, purchasing real estate in UBC is the first option your mind goes to. But Vancouver has amazing transit options that go directly to UBC. This opens more possibilities for finding homes that could work for future and current UBC students.

99 UBC B-Line

One of the more recognizable routes to go to UBC. This direct bus line travels from Lougheed and Boundary along Broadway all the way to UBC’s bus loop. The 99 B-Line travels through Point GreyKitsilanoFairviewMount PleasantRenfrew and Renfrew Heights. Depending on where you start your route, the ride could be around an hour.

33 UBC

Another bus route that goes directly to UBC is the 33. On the Westside of Vancouver, this bus travels through Point GreyDunbarKitsilanoShaughnessyFairview and Cambie. While on the East Side of Vancouver the route goes through MainFraserKnightVictoriaCollingwood and Renfrew Heights. Transit time could be less than an hour.

25 UBC

From the statistics provided by the Real Estate Board of Greater Vancouver, Vancouver prices tend to be higher than Burnaby’s. Burnaby could be a great option if you want to look for something more affordable.

The 25 begins at Brentwood Bay 5 and travels along 22nd and King Edward Ave all the way to UBC. In North Burnaby, the 25 passes through Brentwood Park. In South Burnaby the bus passes through Central BurnabyGreentree Village and Burnaby Hospital. East Vancouver the route passes through Renfrew HeightsGrandviewVictoriaCollingwoodKnightFraser and Main. On the Westside, the route goes through CambieShaughnessyQuilchena, ArbutusMackenzie Heights and Dunbar. Travel time can be longer. The ride may take an hour and fifteen minutes if starting in Burnaby.

The Millenium Line Extension

There are skytrain routes that lead to UBC buses but as of today there aren’t any skytrains that go directly to UBC. The city is planning on adding a train that goes directly to UBC. Although that might not complete for a long time.

Click here to read more about the Millenium line extension.

Buying Vancouver Real Estate for UBC

There are numerous options when buying Vancouver real estate for UBC. Instead of purchasing a leasehold property you may want to consider freehold. Purchasing a home in Vancouver requires a strong team to guide you along the way. You may want to consider hiring a lawyer, mortgage broker and REALTOR®. If you need guidance on where to start, please feel free to contact us! We’re happy to help!

Call 604-719-7684 or email Info@HofVan.com.


May 2020 Sales increase for Greater Vancouver

May 2020 begins to see sellers and buyers feel more comfortable in the real estate market with increased activity.

Activity for May increases compared to April 2020

A total of 1,485 homes sold in May 2020. This shows a 33.9% increase compared to April’s 1,109 sold properties. Sellers and buyers are becoming more comfortable moving forward in the market.

Benchmark Price remains relatively unchanged for May

Although home sales and listing activity is down compared to the 10 year May average, home prices remain steady. The Benchmark Price is based of the estimated sales price of a typical property within each market. April 2020’s benchmark price of homes in Greater Vancouver was $1,036,000. The benchmark price for May 2020 was $1,028,400.

Inventory increases giving buyers more selection

Inventory has decreased since May of last year. However a total of 3,684 detached, attached and apartment properties were listed for sale in Metro Vancouver for May 2020. This is a significant increase of 59.3 per cent compared to April 2020’s 2,313 homes that were listed.

The market remains balanced across all properties

The percentage of sales-to-active listings ratios for all properties in Greater Vancouver was 15%. The detached ratio was 13.5%. Townhouses were at 18.9% and condos were at 14.8%. According to some analysts, downward pressure on home prices occur when the ratio falls below 12% over extended months. While upward pressure can occur when the ratio goes above 20%.

Sales increase in Vancouver & Burnaby

On the Westside of Vancouver, there were a total of 264 sales for May. In April, the Westside had a total of 195 sold homes.

East Side Vancouver sold 165 homes in May, while April’s sales for East Vancouver totaled 120.

Burnaby had a total of 160 sales for the month of May. In the month of April 2020 Burnaby had a total of 107 sales.

To see the full Real Estate Board of Greater Vancouver’s stats package for May 2020, click here!

Click to read our April 2020 market update!


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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.