NEW PRICE: 409 9339 University Cr., Burnaby, Burnaby North, SFU

Endless Views

Excellent Layout

Priced at $568,800

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Stunning top floor corner home located at the apex of the building. South East facing completely updated w/endless views. Your search ends here! This 2bed/2bath/1083sqft home features an abundance of light from 180 degrees of windows, a welcoming entrance & excellent room separation. Updates: quality flooring, resurfaced kitchen cabinets w/stone counters, updated apps, newer plumbing & light fixtures & more. The kitchen has eating area & access to covered balcony. Entertain in an open living & dining area w/cozy gas F/P. The spacious master has walk-in closet & ensuite. The 2nd bed is well sized w/large closet. Located in Harmony, this popular complex is rental & pet friendly. Close to: transit, shopping, nature, indoor/outdoor rec. & a host of UniverCity resident only perks. Act Now!


Just Sold: C322 20211 66th Ave., Langley, Willoughby Heights

Excellent Central Location

Rental and Pet Friendly

Price at $468,800

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Bright, open and functional are just a few ways to describe this fantastic unit. Located in the popular Elements building in the desirable Willoughby Heights neighborhood of Langley, with a location that can't be beat. Welcome home! Features: modern finishing, over height ceilings, spacious layout, laminate floors through & newer carpets in the bedrooms, a spacious kitchen w/plenty cupboard & granite counters space & SS apps, laundry closet w/extra storage & an excellent sized balcony perfect for BBQs. The large master has passthrough closets & 3 pc spa inspired ensuite while the 2nd bed is well sized. Bonus: 1 parking, locker on your floor & rental and pet friendly. Located close to shopping, recreation, transit, schools, parks and more. Act Now!


NEW PRICE: 20314 Wharf St., Maple Ridge, South West Maple Ridge

Beautiful waterfront property! Wake every morning and enjoy your first sip of Java looking out on a gorgeous, still sheet of water. Own your own private dock. Soak in the peace and quiet and serenity. Look no further. This 5850sqft level lot has been cleared, undergone both a geotechnical and erosion control plans and has passed Alternation Permit under the BC Archaeology Branch. Building plans available for a 5700sqft+ 3 level Home. Act Now!

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Just Sold: 478 Mundy St., Coquitlam, Central Coquitlam

Luxury living at its finest. Top to bottom, in/out no expense spared. This 8bed/10bath/3-car garage/7136sqft home sits on a 9600sqft West facing level lot w/lane access in desirable Central Coquitlam. Features: over height ceilings on every floor, Control4 automation, 10 zone radiant heat, AC, LoE 366 windows, 8 camera sec, Miele appliance package, spice kitchen, guest bed on main floor, 1 bed legal suite, nanny quarters, media room, built-in speakers throughout & much more. The stunning great room has 20' ceilings, floor to ceiling tile wall, 60" F/P & direct yard access. Enjoy summer nights on the covered deck complete w/infra red heaters & speakers. Indulge in an 800sqft master suite w/spa inspired ensuite, soaker tub & oversized shower. All this and a location that can't be beat!

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Canadian home sales remain historically strong in October

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued running at historically strong levels in October 2020.


  • National home sales edged back 0.7% on a month-over-month (m-o-m) basis in October.
  • Actual (not seasonally adjusted) activity was up 32.1% year-over-year (y-o-y).
  • The number of newly listed properties rose 2.9% from September to October.
  • The MLS® Home Price Index (HPI) rose 1% m-o-m and was up 10.9% y-o-y.
  • The actual (not seasonally adjusted) national average sale price posted a 15.2% y-o-y gain in October.

Home sales recorded over Canadian MLS® Systems in October 2020 edged back by 0.7% from September’s all-time record for monthly sales.

The small change from September to October reflected gains in about half of all local markets offset by declines in the other half. Among the larger markets, activity was up on the month in Montreal, the Fraser Valley, Calgary and Edmonton. By contrast, sales fell back in Greater Toronto Area (GTA), Hamilton-Burlington, Ottawa and Greater Vancouver.

Actual (not seasonally adjusted) sales activity posted a 32.1% y-o-y gain in October. It was a new record for that month by a margin of more than 14,000 transactions. For the fourth straight month, sales activity was up in almost all Canadian housing markets compared to the same month in 2019. Among the few markets that were down on a year-over-year basis, it is possible the handful that are in Ontario simply do not have the supply at the moment.

So far this year, some 461,818 homes have traded hands over Canadian MLS® Systems, up 8.6% from the first 10 months of 2019. In fact, it was the second-highest January-October sales figure on record, trailing only 2016.

“Many Canadian housing markets continue to see historically strong levels of activity, and at this point over and above what would have been required to make up for the very quiet spring market this year,” stated Costa Poulopoulos, Chair of CREA. “As you may have heard, as of October 19 CREA is once again recommending against in-person open houses. We’ll have to wait and see how a return to more restrictive safety measures impacts housing markets as we move towards the end of this strange year, particularly if it leads to fewer people putting their homes up for sale in regions that already have historic supply shortages. In the meantime, we will remain vigilant in adhering to government and health officials’ directives to keep our clients safe, including the use of all the virtual technology solutions that were so popular back in the spring. Now as always, REALTORS® remain the best source for information and guidance when negotiating the sale or purchase of a home,” continued Poulopoulos.

“For anyone waiting for the Canadian existing home market to begin to settle down following this summer’s surprisingly strong recovery, they’re going to have to wait a little longer. It was evident that the same trends we’ve been seeing since July – record sales and record prices amid tight overall supply – was once again the story in October,” said Shaun Cathcart, CREA’s Senior Economist. “As we’ve moved through the last few months of headline-grabbing data, we’ve seen sales activity for the year-to-date not just catch up with last year, which was surprising enough, but at this point activity in 2020 has a real shot at setting an annual record. Many reasons have been suggested for why this is when many traditional drivers of the market, economic growth, employment and confidence in particular, are currently so weak. Something worth considering is how many households are choosing to pull up stakes and move as a result of COVID-19 and all the associated changes to our lives. We could be seeing a lot of moves, or churn in the market, that would not have happened in a non-COVID world.”

The number of newly listed homes climbed 2.9% in October. The overall gain in new supply in October was driven by more new listings in the GTA, B.C.’s Lower Mainland and Ottawa. As with sales activity, actual (not seasonally adjusted) new listings set a new record for the month of October; however, it was by far less of a margin than sales, meaning market conditions are still very tight in many parts of the country.

With new supply up in October and sales relatively little changed, the national sales-to-new listings ratio eased to 74.3% — still among the highest levels on record for the measure. The long-term average for the national sales-to-new listings ratio is 54.1%.

Based on a comparison of sales-to-new listings ratio with long-term averages, about a third of all local markets were in balanced market territory in October, measured as being within one standard deviation of their long-term average. The other two-thirds of markets were above long-term norms, in many cases well above.

The number of months of inventory is another important measure of the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were just 2.5 months of inventory on a national basis at the end of October 2020 – the lowest reading on record for this measure. At the local market level, some 18 Ontario markets were under one month of inventory at the end of October.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose by 1% m-o-m in October 2020. Of the 39 markets now tracked by the index, all but one were up between September and October.

The non-seasonally adjusted Aggregate Composite MLS® HPI was up 10.9% on a y-o-y basis in October – the biggest gain since July 2017.

The largest y-o-y gains – more than 25% – were recorded in Quinte & District and Woodstock-Ingersoll.

Y-o-y price increases in the 20-25% range were seen in Ottawa, London & St. Thomas, Tillsonburg District and a number of Ontario cottage country areas.

This was followed by y-o-y price gains in the range of 15-20% in Barrie, Hamilton, Niagara, Guelph, Bancroft and Area, Brantford, Cambridge, Huron Perth, Kitchener-Waterloo, North Bay, Peterborough and the Kawarthas, Simcoe & District, Montreal and Greater Moncton.

Prices were up in the 10-15% range compared to last October in the GTA, Oakville-Milton, Mississauga and Northumberland Hills.

Meanwhile, y-o-y price gains were in the 5-10% range in Greater Vancouver, the Fraser Valley, the Okanagan Valley, Regina, Saskatoon, Winnipeg and Quebec City. Gains were less than 4% in Victoria and elsewhere on Vancouver Island, as well as in St. John’s, and prices were just inside positive territory y-o-y in Calgary and Edmonton.

The MLS® HPI provides the best way to gauge price trends because averages are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average home price set another record in October 2020, coming in at $607,250. This was up 15.2% from the same month last year.

The national average price is heavily influenced by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts more than $127,000 from the national average price.

Provided by: CREA


BC Housing Market Continues Record Pace in October

The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019.

The average MLS® residential price in BC set a record of $812,960, a 12.5 per cent increase from $722,333 recorded the previous year. Total sales dollar volume in August was $8.98 billion, a 61.8 per cent increase over 2019. “The provincial housing market sustained its blistering pace of activity in October,” said BCREA Chief Economist Brendon Ogmundson. “While pent-up demand may be starting to fade, record low interest rates and a recovering job market are supporting strong sales.”

“A pandemic-driven shift in buyers’ preference for extra space is pushing average prices to record highs as larger value transactions account for a higher share of sales,” added Ogmundson. Prices are also being pushed higher by a lack of inventory. Total provincial active listings continue to trend lower and were close to 14 per cent lower in October 2020 compared to 2019.

Year-to-date, BC residential sales dollar volume was up 29.7 per cent to $58.7 billion, compared with the same period in 2019. Residential unit sales were up 16.3 per cent to 76,140 units, while the average MLS® residential price was up 11.5 per cent to $771,085.

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Provided by: BCREA


Just Sold: 1107 9060 University Cr., Burnaby, Burnaby North, SFU

View! View! View! Altitude built by Award-winning Hungerford. This 2 bedroom, 2 bathroom offers a spacious & open layout. High end finishes throughout; quartz countertops, GE Cafe Stainless appliances & front load washer/dryer. Just steps away from Simon Fraser University, groceries, restaurants and public transit. Amenities include a party room, gym & garden areas.

Listing Offered by: Sincere Real Estate Services


Just wanted to add my thanks also for helping us once again with our real estate needs. As a first time home buyer, you have helped make the process less stressful and easier to navigate for our son.  Your professionalism and knowledge of the market are second to none. Thank you for not only meeting expectations but exceeding it. Wouldn’t hesitate to recommend you to other family and friends for their real estate transactions. 

R. L & H. L.


Just Listed: 1563 Marine Cr., Coquitlam, Harbour Place

Fully Renovated

Harbour Place

Priced at $1,648,800

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Stunning! Fully renovated family home, in Harbour Place, one of Coquitlam's sought-after neighborhoods. Your search ends here! This 4bed/3bath/3158sqft home sits on a private, East facing 11,255sqft lot. The main level features a gorgeous open plan; perfect for entertaining. The kitchen has full size SS freezer & fridge, huge island w/breakfast bar & access to the massive re-surfaced deck. A spacious master w/updated ensuite, 2 good sized rms, updated 4 pc bath & hardwood floors & brand new carpets. Down has laundry area, home-office & is suite ready: entrance, kitchen & living areas, 1bed/bath & W/D hook-ups. Bonus: 20X14 workshop w/power & concrete floors & tons of parking. Upgrades: furnace, roof, HW tank, fence, electrical, plumbing, ext. rock & stucco & more. Act Now! Call today.


Home sale and listing resurgence extends into the fall

Home sale and new listing activity remained at near record levels across Metro Vancouver* in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in October 2019, and a 1.2 per cent increase from the 3,643 homes sold in September 2020.

Last month’s sales were 34.7 per cent above the 10-year October sales average and stands as the second-highest total on record for the month.

“Home has been a focus for residents during the pandemic. With more days and evenings spent at home this year, people are re-thinking their housing situation," Colette Gerber, REBGV Chair said. “Throughout this period, REALTORS® have been working to understand and adapt to the latest safety protocols so that they can continue to help the public meet their housing needs in a safe and responsible way.”

There were 5,571 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2020. This represents a 36.7 per cent increase compared to the 4,074 homes listed in October 2019 and a 13 per cent decrease compared to September 2020 when 6,402 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,416, a 1.5 per cent increase compared to October 2019 (12,236) and a 5.2 per cent decrease compared to September 2020 (13,096).

“With demand on the rise, homes priced right for today’s market are receiving attention and, at times, garnering multiple offers," Gerber said. "To understand the market conditions in your neighbourhood and property type of choice, work with your local REALTOR® to assess the latest MLS® housing market information."

For all property types, the sales-to-active listings ratio for October 2020 is 29.7 per cent. By property type, the ratio is 30.9 per cent for detached homes, 43.5 per cent for townhomes, and 24.9 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent 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 $1,045,100. This represents a six per cent increase over October 2019 and a 0.4 per cent increase compared to September 2020.

Sales of detached homes in October 2020 reached 1,335, a 42.3 per cent increase from the 938 detached sales recorded in October 2019. The benchmark price for a detached home is $1,523,800. This represents an 8.5 per cent increase from October 2019 and a 1.1 per cent increase compared to September 2020.

Sales of apartment homes reached 1,570 in October 2020, a 13.4 per cent increase compared to the 1,384 sales in October 2019. The benchmark price of an apartment property is $683,500. This represents a 4.4 per cent increase from October 2019 and is unchanged compared to September 2020.

Attached home sales in October 2020 totalled 782, a 45.9 per cent increase compared to the 536 sales in October 2019. The benchmark price of an attached home is $813,000. This represents a 5.4 per cent increase from October 2019 and a 0.4 per cent increase compared to September 2020. 

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Provided by: REBGV


Hafez, thank you for helping us with the purchase of our new home at SFU. We liked your approach, specifically that you were Always available for any question we had. And that’s in addition to your dedication and expertise. We felt supported every step of the way, which was very important not just because we were first-time buyers but also that we were quite skeptical about real estate at first.

S. S & A. S.

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.