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Just Sold: 2579 Camberley Crt., Coquitlam, Coquitlam East

Gorgeous 3 Level Home

4 Bedrooms on Top Floor

Price at $1,448,800

Open: Jan 25 from 1 to 3.


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Gorgeous Mnt Baker views. Highly sought 4 bedroom layout. Perched on a cul-de-sac in desirable Coquitlam East, is this tastefully updated home; you won't be disappointed! Beautiful 5bed/4bath/3629sqft/3lvl home on a 7000sqft+ lot complete w/3 mature Palm Trees to call yours. Main: living & dining rooms, den, spacious kitchen w/island & massive family room complete w/private balcony & cozy F/P. Level yard access w/brand new cedar deck, hot tub & fruit trees; entertainer's delight. Up: massive master w/walk-in & 5pc ensuite, 3 excellent sized rooms & main bath. Down: rec room, separate entry, kitchen, bed & 3pc bath; perfect nanny suite. Location: RC McDonald catchment, walk to Starbucks, shopping, restaurants, transit, easy Hwy 1 access & more. Act Now! Open Jan 25 from 1 to 3.

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As we enter 2020, it’s important to look back on important trends in the housing market from 2019 to see how the coming year might shape up.


Let’s take a look at the top 5 lessons learned from 2019 and the market outlook for 2020 to ensure you are best positioned to support homebuyers in the coming year.

1. Housing activity expected to recover in 2020

According to CMHC’s latest Housing Market Outlook, housing sales, starts and price growth declined in 2018 – 2019 after reaching elevated levels in 2017. We are expecting to see a recovery of housing activity in 2020 because of overall economic and demographic conditions and income growth.


Three areas where the market will recover:

  • Housing sales will start recovering in 2020, offsetting recent declines.
  • Positive price growth to resume in 2020, driving the average price above its 2017 level.
  • Housing starts will stabilize in 2020.

2. Renovations and refinancing in a low-interest rate environment

According to CMHC’s 2019 Mortgage Consumer Survey, many homebuyers plan to renovate their home in the near future.  More than 6-in-10 homebuyers (63%) plan to renovate within 5 years.


Many Canadians refinance their homes in order to renovate. Sixty-one per cent of refinancers were currently renovating their home in 2019, compared to only 23% in 2018. Refinancing a home for renovations was the 2nd highest reason for refinancing.


This information is very relevant when we consider that mortgage rates are expected to remain at low levels and an increasing numbers of buyers are betting that interest rates won’t rise again anytime soon.


Keep this in mind when assisting clients looking to renovate their homes.

3. Homebuyers focused on price and affordability

As we move into 2020 and we expect to see an increase in housing sales, it’s important for you to know what homebuyers are looking for. If the trends continue, then homebuyers in 2020 will prioritize price and affordability over a number of other factors when looking for their new home.


We asked Canadians what they felt were their “wants” and “needs” when it came to buying a home. The top three “must-haves” were:

  • Price/Affordability
  • Number of rooms
  • Proximity to public transit

A newly-built home ranked at the bottom of the “needs” of 2019 homebuyers and a “move-in-ready” home also dropped significantly compared to previous years.

4. Consumer habits going into 2020

There was a significant decrease in buyers paying the maximum amount they could afford in 2019. Sixty percent of homebuyers bought the highest priced home they could afford, down from 78% in 2018. 


Sixty one percent of homebuyers impacted by the new mortgage rules (or “stress test”) reacted by purchasing a smaller or less expensive home compared to 47% in 2018.


Heading into 2020, you can prepare for a market where more and more Canadians are stretching their dollar and making financial changes to afford their home.

5. Homes sales will increase, and so will the need for good advice

An important trend from 2019 was the clear uncertainty about the home buying process amongst homebuyers. Forty two percent of 2019 buyers said they felt concerned or were uncertain about the process of buying a home, a jump from 37% in 2018.


Additionally, 2019 saw a strong increase in buyers’ perception of the value of working with a real estate agent, rising from 28% of buyers in 2018 to 35% in 2019.


If this trend continues into 2020, then the importance of mortgage and real estate professionals, particularly in an environment of increasing sales and rising prices, will be even more important.


Provided by: CMHC

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When we decided we were ready to purchase our first home, we were excited and terrified all at the same time. Hafez took the time to explain the entire process to us and gave us realistic expectations. Hafez was prompt and thorough which allowed us to find the absolute perfect first home for us in only a short period of time. The energy he put in to meet our needs made us feel like we were his top priority and treated us warmly with open arms. Hafez is genuinely kind and made us feel like it was not just a transaction but a memorable mile stone in our lives. We really appreciate his support during this big decision in our lives and truly believe we will work with him again in the future.


C. & N.

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Just Listed: 402 22722 Lougheed Hwy., Maple Ridge, East Central

Fully Renovated

Top Floor

Price at $298,800

Open: Feb 1, from 2 to 4


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Top floor, extensively renovated, green space facing, centrally located; your search ends here. This massive 1bed/1bath/851sqft West facing home, located in Mark's Place of East Central Maple Ridge, will not disappoint! Upgrades: fresh paint, brand new carpet & vinyl floors, LED light fixtures, new faucets, new closet doors & brushed nickel hardware, upgraded bathroom w/vanity, lighting & mirror, new fireplace surround; nothing to do but move right in. Features: large living & dining areas, spacious kitchen w/plenty of cupboard & counter space & eating area, covered balcony, functional laundry rm & plenty of storage space. Enjoy the huge master w/lots of closet space & access to balcony. Close to: shopping, recreation, transit, parks & schools. Act Now! Open Feb 1 from 2 to 4.

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Just Sold: 202 1432 Parkway Blvd., Coquitlam, Westwood Plateau


Cancel the Gym Membership! This stunning, spacious two bedroom, two bath apartment complex has a outdoor pool, hot tub and exercise room. Bright and spacious unit with a gorgeous view off the covered deck of Mount Baker, this will tick a lot of the boxes. Laminate flooring throughout, granite counters in the kitchen, gas fireplace with new facing, two parking spots side by side. There are 2 pets allowed 1 dog and 1 cat or 2 cats. Conveniently situated, close to schools, transit (buses and Evergreen line) and shopping just down the hill at Coquitlam Center. Excellent condition, new roof (2 year project just completed) and strata fee includes gas and hot water. Hurry, its a great opportunity knocking - Don't miss out!


Listing Offered by: Royal LePage Brookside Realty

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BC Homes Sales Carry Momentum into 2020


BCREA 2020 First Quarter Housing Forecast Update


The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today.


Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording 77,349 residential sales in 2019. MLS® residential sales are forecast to increase 6.3 per cent to 90,700 units in 2021.


“The outlook for home sales in 2020 is considerably brighter than the past two years,” said Brendon Ogmundson, BCREA Chief Economist. “Momentum carried through from the end of 2019 to 2020 will put the housing market on more solid footing, aided by low interest rates and an improving economy.”


While demand is recovering, the supply of homes for sale has not managed to keep pace. New listings activity did not materially increase during the downturn in home sales, and total inventory did not accumulate to the same extent as in prior slowdowns. As a result, market conditions around the province are tightening and home prices will likely face upward pressure as demand continues to firm. In 2020, we expect the MLS® average price will rise 4.8 per cent to $734,000.


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Provide by: BCREA

 “Copyright British Columbia Real Estate Association. Reprinted with permission.”

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In 2 days, Hafez has done more work than another agent has done for us in a month!


As soon as we asked Hafez to be our listing agent, things went so fast! He is so motivated, organized and doesn’t waste any time to get you a buyer and negotiates the best deal for you! Yes, because of Hafez, we got a great prize for our place with some extras!


Hafez is a great listener, very knowledgeable and an action taker. With Hafez, you don’t have to worry about selling your place fast. He will make sure you get the best value in a short period of time and organizes all details for your best interests.


We were extremely happy with his work and recommend Hafez to anybody who wants to sell their place professionally and fast.


R. & B. B

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Just Listed: 202 501 Cochrane Ave., Coquitlam, Coquitlam West

Awesome Central Location

Almost 1000 SQFT

Open: Jan. 25 from 2 to 4

Price at $549,900


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HOT DEAL ALERT! "KILLER" location! Fantastic layout! Oh, and ripe for re-development! Have we got your attention yet? This bright, west facing, 2 bed, 1 bath, 996sqft home will not disappoint Features: brand new bedroom carpets, laminate floors in living & dining areas, open living/dining rooms, kitchen with SS appliances & plenty of cupboard & counter space, in suite storage & a cozy gas F/P. The larger master has excellent closet space and the second bedroom is well sized. Bonus: parking and locker. Located in the heart of Burnaby/Coquitlam boarder, stone’s throw to: transit, Skytrain, shopping, recreation, schools and every amenity you can think of. Act Now! Open Sat. Jan. 25 from 2 to 4.

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Just Listed: 2579 Camberley Crt., Coquitlam, Coquitlam East

Gorgeous 3 Level Home

4 Bedrooms on Top Floor

Price at $1,448,800

Open: Jan 25 from 1 to 3


Click here for more...


Gorgeous Mnt Baker views. Highly sought 4 bedroom layout. Perched on a cul-de-sac in desirable Coquitlam East, is this tastefully updated home; you won't be disappointed! Beautiful 5bed/4bath/3629sqft/3lvl home on a 7000sqft+ lot complete w/3 mature Palm Trees to call yours. Main: living & dining rooms, den, spacious kitchen w/island & massive family room complete w/private balcony & cozy F/P. Level yard access w/brand new cedar deck, hot tub & fruit trees; entertainer's delight. Up: massive master w/walk-in & 5pc ensuite, 3 excellent sized rooms & main bath. Down: rec room, separate entry, kitchen, bed & 3pc bath; perfect nanny suite. Location: RC McDonald catchment, walk to Starbucks, shopping, restaurants, transit, easy Hwy 1 access & more. Act Now! Open Jan 25 from 1 to 3.

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Just Listed: 1611 Manning Ave.,Port Coquitlam, Birchland Manor


Excellent potential opportunity to build a single family home with coach house. Rezoning under way with the City. Currently zoned RD (duplex) with proposal already under review to rezone to RS4. 3rd Reading at the City has been issued. Desirable central location, close to transit, shops, Lougheed Hwy, schools and much more. Features: 35'8122', 4021sqft level lot with lane access and already cleared. Act Now!


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Housing Markets Flat in 2019 After Strong Second Half


The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 per cent from the 78,516 units sold in 2018. The annual average MLS® residential price in BC was $700,460, a decline of 1.6 per cent from $711,564 recorded the previous year. Total sales dollar volume was $54.2 billion, a 3 per cent decline from 2018.


“Housing markets across the province staged a strong recovery in the second half of 2019,” said BCREA Chief Economist Brendon Ogmundson. “This sets up 2020 to be a much more typical year than what markets have experienced recently.”

A total of 5,218 MLS® residential unit sales were recorded across the province in December, up 48.9 per cent from December 2018. The average MLS® residential price in BC was $755,165, an increase of 8.7 per cent from December 2018.


Total sales dollar volume was $3.9 billion, a 61.8 per cent increase year-over-year. Total active residential listings were down 10.6 per cent to 24,691 units in December. Total inventory of homes for sale have declined more than 10 per cent on a year-overyear basis for two straight months.


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Provided by: BCREA

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Canadian Housing Starts Trended Lower in December

The trend in housing starts was 212,160 units in December 2019, compared to 219,921 units in November 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.


“The national trend in housing starts decreased in December,” said Bob Dugan, CMHC's chief economist. “The declines are primarily led by lower-trending multi-family starts in Toronto, Montreal and Ottawa. However, the stable starts at year-end in Vancouver and significant growth in Calgary helped to partially offset the declines in other major centres.”

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of Canada’s housing market. In some situations, analyzing only SAAR data can be misleading, as they are largely driven by the multi-unit segment of the market which can vary significantly from one month to the next.


The standalone monthly SAAR of housing starts for all areas in Canada was 197,329 units in December, a decrease of 3% from 204,320 units in November. The SAAR of urban starts decreased by 4% in December to 185,934 units.


Multiple urban starts decreased by 5% to 138,049 units in December while single-detached urban starts increased by 1% to 47,885 units.

Rural starts were estimated at a seasonally adjusted annual rate of 11,395 units.


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Provided by: CMHC

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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.