in sales
sqft of residential and commercial sold
families and business served
5 star online reviews
Websites advertising reach
Stats as of Dec 2023

$ 750,000,000 +
in sales
1,850,000 +
sqft of residential and commercial sold
1,000 +
families and businesses served
100's
5 star online reviews
26,000 +
Websites advertising reach
*Stats as of Dec 2023
meet-mansour-real-estate-group

MEET MANSOUR REAL ESTATE GROUP

Meet the team that brings over two decades of expertise to every transaction. fueled by a singular mission: to impact and improve the lives and business of our clients through real estate.

WHAT WE DO

At Mansour Real Estate Group, we provide services ranging from residential resales and exclusive Pre-Sales to bespoke developer consultations, each meticulously crafted to not just meet but surpass your real estate goals.

RESIDENTIAL
RESALE MARKET

Offering unparalleled expertise in navigating the nuances of the housing market, ensuring a smooth and successful process for sellers and buyers alike.

PRE-SALES

Early-stage development opportunities, offering clients exclusive access and insightful guidance to secure prime real estate projects in the Lower Mainland.

DEVELOPER
CONSULTATIONS

We work collaboratively with clients to define idealized outcomes, focus objectives, build internal processes and systems, and provide ongoing executive support / management for their real estate development marketing and sales.

REAL ESTATE RESOURCES

Calculate mortgages, evaluate homes, explore properties, and gain expert insights with our buyer's and seller's guides-all in one place!

BLOG

Dive into real estate blog for expert insights, trends, and tips.

Resolutions are Seasonal. Goals are for Life!

February 10, 2025
Written by: Buffini & Co Each year only 1 out of 10 people complete their New Year's resolutions. RESOLUTION: A broad statement of intent or desire to change something. GOAL: A written goal focuses effort and sustains you through challenges or setbacks. Make This Year Different. Crush Your Goals! Kaizen: Is a Japanese business philosophy that encourages making small, continuous changes that will lead to a big impact. Use its principles to reach your own business and personal goals. The Four Keys of Kaizen:
  1. Identify one small specific area of your life you would like to change.
  2. Take time to examine where your resources might be misdirected.
  3. Focus on making small, incremental steps toward your goal.
  4. Commit to a time each week to review progress, evaluate what's working, and what needs to adjust.

Strongest Canadian Employment Report in Nearly Two Years

February 10, 2025
Written by: Dr. Sherry Cooper & Associates Stronger-Than-Expected Jobs Report in December Today’s Labour Force Survey for December was much stronger than expected, as many thought the Canada Post strike would have a larger impact. Employment rose by 90,900 net new jobs last month, and the employment rate—the proportion of the population aged 15 and older who are employed— increased by 0.2 percentage points to 60.8%. The jobless rate declined a tick to 6.7%. Employment gains in December were led by educational services (+17,000; +1.1%), transportation and warehousing (+17,000; +1.6%), finance, insurance, real estate, rental and leasing (+16,000; +1.1%), and health care and social assistance (+16,000; +0.5%). In December, employment increased in Alberta (+35,000; +1.4%), Ontario (+23,000; +0.3%), British Columbia (+14,000; +0.5%), Nova Scotia (+7,400; +1.4%), and Saskatchewan (+4,000; +0.7%), while there was a decline in Manitoba (-7,200; -1.0%). Employment changed little in the other provinces. Total hours worked rose 0.5% in December and were up 2.1% compared with 12 months earlier. Average hourly wages among employees were up 3.8% (+$1.32 to $35.77) on a year-over-year basis in December, following growth of 4.1% in November (not seasonally adjusted). Employment rose by 91,000 (+0.4%) in December, mostly in full-time work (+56,000; +0.3%). This follows an increase in November (+51,000) and marks the third employment gain in the past four months. The year 2024 ended with 413,000 (+2.0%) more people working in December compared with 12 months earlier. This year-over-year growth rate was comparable to the one observed in December 2023 (+2.1%) and to the average growth rate for December over the pre-COVID-19 pandemic period of 2017 to 2019 (+1.9%). Public sector employment rose by 40,000 (+0.9%) in December, the second consecutive monthly increase. In the 12 months to December, public sector employment rose by 156,000 (+3.7%), driven by gains in the public-sector components of educational services as well as health care and social assistance. Private sector employment was little changed in December (+27,000; +0.2%) and was up 191,000 (+1.4%) on a year-over-year basis. The number of self-employed people rose by 24,000 (+0.9%) in December, the first increase since February. This brought total gains in self-employment for the year to 64,000 (+2.4%). Wage inflation slowed markedly in November and December, providing welcome news for the Bank of Canada. While the strength of this report has led some to speculate the central bank will ease less aggressively, we agree that jumbo rate cuts are a thing of the past. However, monetary policy is still overly restrictive, especially if the Trump tariff threats come to fruition. We expect the BoC to take the overnight rate down from 3.25% today to 2.5% by mid-year in quarter-point increments. Bottom Line The Canadian Labour Force Survey is notoriously volatile. One robust report does not change the Bank of Canada’s easing plans to return interest rates to neutrality–the level at which monetary policy is neither contractionary nor expansionary. Today’s US employment report was also quite strong, reducing the unemployment rate to 4.1%. While the Fed is unlikely to cut rates when the FOMC meets again on January 29, the Bank of Canada has room to ease further. Canada’s economy is far more interest-sensitive than the US, and interest rates in Canada -though historically low compared to the US- are still overly restrictive.

New(er) Home Resale Report: December 2024

February 09, 2025
Written by Manraj Dosanjh of REW Marking five years since the pandemic, Metro Vancouver real estate remains a strong long-term investment. A guide for first-time buyers, young families and presale purchasers seeking the latest insights for newer resale homes in popular Metro Vancouver neighbourhoods. As we begin a new year and look ahead, it’s a natural time for reflection. This is an opportunity to assess what’s going well and where attention might be needed, while also taking stock of how far you’ve come on your personal journey, despite life’s inevitable twists and turns. In the context of the local real estate market, it’s hard to believe that we’re approaching the five-year mark since COVID-19 was declared a pandemic, dramatically reshaping the world around us. While nearly half a decade has passed, the rapid pace of change during this period has made time feel like it’s flown by. How we work and live has been significantly disrupted, ushering in a new phase of growth for real estate markets across the region. Metro Vancouver real estate has proven its resilience through these challenges. Whether as an investment or a personal home, the market has weathered significant obstacles. Despite concerns of a potential collapse in property values, with interest rates reaching their highest levels in over 20 years, residential property values have seen double-digit growth since the pandemic began. Even with the challenges of the past five years and ongoing economic uncertainty, residential prices have remained both resilient and stable. While economic risks still persist, I am confident that prices will continue to hold steady. When comparing the resale market from December 2023 to December 2024, total sales were down slightly by 23%, primarily due to a drop in demand for one- and two-bedroom condos. Higher interest rates have kept many investors, first-time homebuyers and young professionals on the sidelines. However, recent rate decreases have started to bring buyers back into the market, although the recovery is happening at a slower pace than initially expected. In the condo market, subdued demand over the past year has resulted in one of the lowest absorption rates for new pre-sale projects in recent history. While this has created a temporary lull, it could lead to challenges in the medium-to-long term, as the limited supply of new pre-sale projects suggests a potential future shortage. This presents a valuable opportunity for buyers seeking high-quality, well-located properties in communities poised for growth. Despite the economic challenges the region has faced – from the 2008 financial crisis to the pandemic five years ago – Metro Vancouver real estate has consistently proven its long-term value. As I always tell my clients, block out the noise, invest in the best real estate and hold it for the long term – your future self will thank you. Entry-level townhomes declined month-over-month, but rose year-over-year. Despite a 37% monthly decline, newer townhome sales rose 14% year-over-year, signaling a slight return of end-user and young-family buyers seeking more space. As single-family homes become increasingly out of reach for many, demand for townhomes is likely to continue to grow. However, while demand increases, limited development of new townhome projects may put upward pressure on prices as Millennials and Gen Y enter their prime home-buying years. Active listings increased 34% year-over-year, shifting the market from last year's strong seller's dominance towards a market that favours buyers. Given the seasonality that December brings, and the continued wait-and-see approach buyers are taking with interest rates, these conditions may not persist for long. Current market conditions may present a favorable opportunity for townhome buyers. In November, median townhouse prices ranged from $823,750 in Willoughby, Langley, to $1.73 million in Westside Vancouver. One-bed condo sales were down compared to last year. Newer one-bedroom condo sales in December 2024 were down 28% compared to the previous year, as demand from first-time home buyers and investors remains relatively subdued. Listings were up by 26% compared to the same period last year. The median list price of available one-bedroom condos ranged from $465,000 in Surrey City Centre to $689,000 in Downtown Vancouver. The one-bedroom condo market is currently a buyer's market, except in East Vancouver and Richmond, where inventory decreased by 21% and 19%, respectively, leading to a seller's market in those areas. As interest rates continue to return to the neutral zone, you can expect sales activity to increase for this entry-level market. In December, newer one-bedroom median sale prices ranged from $457,500 in Surrey City Centre to $740,000 in Downtown Vancouver.
Two-bedroom condo sales were relatively flat. Newer two-bedroom condo sales remained relatively flat over the year, with a total of 102 homes transacting during the final month of the year, compared to 113 registered during the same period last year. Total listings were up 13% over the year with 915 active listings as of the end of December. As such, the market as a whole is a buyer's market. The only tracked markets currently favoring sellers are South Surrey, Willoughby (Langley) and North Vancouver where sales-to-active listings ratios sit at 21%, 27% and 30%, respectively. In December, median sale prices for newer two-bedroom condos ranged from $640,000 in Surrey City Centre to $1.19 million in Downtown Vancouver. Single-family sales were up year-over-year. A total of 25 newer entry-level single-family sales occurred in December 2024. Despite no sales in three of the nine tracked markets, sales still increased by 92% compared to the previous year. Just over 50% of the sales reported in December 2024 occurred in the tracked Fraser Valley markets – Surrey, South Surrey, Willoughby and Langley. These markets also concentrate a significant portion of the new housing supply, with 61% of the total 212 available homes located here. Surprisingly, Westside Vancouver is the only market favouring sellers at the moment with a sales-to-listing ratio of nearly 30% – home sales increased by 200% over the month, with six homes selling at a median list price of $3,739,000. Current median list prices start at $1.73 million in Surrey and reach up to $4.28 million in Westside Vancouver, making affordability a key challenge for many would-be buyers. Reasons why you should consider newer-home resale data:
  • Facilitates wise choices in new pre-sale purchases by providing valuable comparables, offering insights into product considerations for both personal use and investment.
  • Great for those looking to purchase housing that is still in the early stages of its lifecycle – this means less repairs & maintenance during the first few years of ownership.
  • More recent building and developer history – provides assurance and certainty when making one of the most important transactions of your life.
  • Homes include some of the latest design and technology – great for resale value.
  • Monthly sales statistics crucial for evaluating and planning new housing developments.
  • These figures are routinely used by industry stakeholders such as real estate developers to understand the value of land, and anticipated market values for newly completed homes.

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