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Just Sold: 712 Spence Way, Port Moody, Anmore


Experience PRIVACY & LUXURY when making your way up the exclusive driveway to this serene 1.3 acre Anmore Estate! Walking into this home you instantly feel the quality with beautiful Italian decorative glass panels, wide plank hardwood flooring throughout, stunning master suite on the main living level w/ massive walk in closet and ensuite. Enjoy the gorgeous OPEN CONCEPT kitchen that flows seamlessly into the living space w/ vaulted ceilings. Open the large french doors into your backyard oasis, featuring an in-ground concrete swimming pool, over-sized covered patio w/ heaters attached, outdoor built in kitchen/BBQ and a fenced in yard. Below you will find 4 large bedrooms, each with their own ensuite, second living room, games room & gym. Potential for a coach home on this property!


Listing provided by: Royal LePage West Real Estate Services

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Just Sold: 4 850 W 8th Ave., Vancouver West, Fairview VW


Stunning! Welcome to Koi, a boutique 8 home concrete complex by BattersbyHowat Architects! Located in Fairview Slopes; walk to all amenities & a short drive to Downtown. Your search ends here! Be immediately impressed with this 2bed/2bath/3lvl/1364sqft end-unit home w/City views from every floor. Features: open plan, high ceilings, floor-to-ceiling windows, automatic Hunter Douglas blinds, rich engineered floors, floating stairs, gourmet kitchen w/top end appliances & plenty of cupboard space, LED lights & more. Master suite has walk-in closet & spa-inspired bath. Top floor offers a large room, plenty of closet space & 4 pc bath w/soaker. Enjoy the large balcony w/retractable awning, electric heater & wired for speakers & TV. Call now!


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Just Sold: 512 19645 64th Ave., Langley, Willoughby Heights


STRATA FEE INCLUDES HOTWATER AND HEAT! Tons of recent upgrades. The long list includes new light fixtures, ceiling fans, sinks, taps, bathtub /shower, countertops, toilets, cabinets, tile & laminate flooring, and new blinds. New baseboard, baseboard heaters and crown molding throughout. New doors and closet doors. New hot water tank and large natural gas fireplace. All new LED pot lights. Brand new under-mount kitchen sink, faucet and garburator. New washer and dryer (stacked) and dishwasher. Kitchen has all new tile flooring, countertops, backsplash and cabinets throughout. The large deck has southern exposure and gets plenty of sunshine. Single car garage with parking available for a second vehicle. Located close to all amenities!


Listing Offered by: Royal LePage Wolstencroft

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Canadian housing markets set records again in January

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021.


Summary:

  • National home sales rose 2% on a month-over-month (m-o-m) basis in January.
  • Actual (not seasonally adjusted) activity was up 35.2% year-over-year (y-o-y).
  • The number of newly listed properties dropped by 13.3% from December 2020 to January 2021.
  • The MLS® Home Price Index (HPI) rose 1.9% m-o-m and was up 13.5% y-o-y.
  • The actual (not seasonally adjusted) national average sale price posted a 22.8% y-o-y gain in January.

Home sales recorded over Canadian MLS® Systems climbed 2% between December 2020 and January 2021 to set another new all-time record.


Seasonally adjusted activity was running at an annualized pace of 736,452 units in January, significantly above CREA’s current 2021 forecast for 583,635 home sales this year. Sales will be hard pressed to maintain current activity levels in the busier months to come absent a surge of much-needed new supply; although, that could materialize as current COVID-19 restrictions are increasingly eased and the weather starts to improve.


The month-over-month increase in national sales activity from December to January was led by a mixed bag of gains under the surface, including in Edmonton, the Greater Toronto Area (GTA), Chilliwack B.C., Calgary, Montreal and Winnipeg. There was more of a pattern to the declines in January. Many of those were in Ontario markets, following predictions that sales in that part of the country might dip to start the year with so little inventory currently available and many of this year’s sellers likely to remain on the sidelines until spring.


Actual (not seasonally adjusted) sales activity posted a 35.2% y-o-y gain in January. In line with activity since last summer, it was a new record for the month of January by a considerable margin. For the seventh straight month, sales activity was up in almost all Canadian housing markets compared to the same month the previous year. Among the 11 markets that posted year-over-year sales declines, nine were in Ontario where supply is extremely limited at the moment.


“2021 started off just like 2020 ended, with a number of key housing market indicators continuing to set records,” stated Costa Poulopoulos, Chair of CREA. “The two big challenges facing housing markets this year are the same ones we were facing last year – COVID and a lack of supply. It’s looking like our collective efforts to bring those COVID cases down over the last month and a half are working. With luck, some potential sellers who balked at wading into the market last year will feel more comfortable listing this year. As lockdowns are once again easing and the spring market begins to ramp up, we will remain vigilant in adhering to all the latest government and health officials’ directives to keep our clients safe. Now as always, REALTORS® remain the best source for information and guidance when negotiating the sale or purchase of a home,” continued Poulopoulos.


“The problem with this time of year is that the buyers and sellers that will in time define the Canadian housing story of 2021 are mostly all still waiting in the wings,” said Shaun Cathcart, CREA’s Senior Economist. “It’s the dead of winter and we’re only just starting to get the second wave of COVID under control. We’re unlikely to see a rush of listings until the weather and public heath situations improve, and we won’t see buyers until those homes come up for sale.

The best case scenario would be if we see a lot of sellers who were gun-shy to engage in the market last year making a move this year. A big surge in supply is what so many markets really need this year to get people into the homes they want, and to keep prices from accelerating any more than they already are.”


The number of newly listed homes dropped by 13.3% in January, led by double-digit declines in the GTA, Hamilton-Burlington, London and St. Thomas, Ottawa, Montreal, Quebec and Halifax Dartmouth.


With sales edging higher and new supply falling considerably in January, the national sales-to-new listings ratio tightened to 90.7% – the highest level on record for the measure by a significant margin. The previous monthly record was 81.5% set 19 years ago. The long-term average for the national sales-to-new listings ratio is 54.3%.


Based on a comparison of sales-to-new listings ratio with long-term averages, only about 20% of all local markets were in balanced market territory in January, measured as being within one standard deviation of their long-term average. The other 80% of markets were above long-term norms, in many cases well above. This was a record for the number of markets in seller’s market territory.


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 only 1.9 months of inventory on a national basis at the end of January 2021 – the lowest reading on record for this measure. At the local market level, some 35 Ontario markets were under one month of inventory at the end of January.


The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose by 1.9% m-o-m in January 2021. Of the 40 markets now tracked by the index, prices were up on a m-o-m basis in 36.



The non-seasonally adjusted Aggregate Composite MLS® HPI was up 13.5% on a y-o-y basis in January – the biggest gain since June 2017.


The largest y-o-y gains – above 30% – were recorded in the Lakelands region of Ontario cottage country, Northumberland Hills, Quinte & District, Tillsonburg District and Woodstock-Ingersoll.


Y-o-y price increases in the 25-30% range were seen in Barrie, Niagara, Grey-Bruce Owen Sound, Huron Perth, Kawartha Lakes, London & St. Thomas, North Bay, Simcoe & District and Southern Georgian Bay.


This was followed by y-o-y price gains in the range of 20-25% in Hamilton, Guelph, Oakville-Milton, Bancroft and Area, Brantford, Cambridge, Kitchener-Waterloo, Peterborough and the Kawarthas, Ottawa and Greater Moncton.


Prices were up 16.6% compared to last January in Montreal. Meanwhile, y-o-y price gains were in the 10-15% range on Vancouver Island, Chilliwack, the Okanagan Valley, Winnipeg, the GTA and Mississauga. Prices rose in the 5-10% range in Victoria, Greater Vancouver, Regina and Saskatoon. Home prices were up 2% and 2.2% in Calgary and Edmonton, respectively.


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 was a record $621,525 in January 2021, up 22.8% 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 $129,000 from the national average price.


Provided by:  CREA

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A Great Start To 2021!
As always, thanks  to my Clients for their support and for,  "Trusting The Value" in what I can do for them. Congrats to all the other realtors.
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Continued support from Hafez Panju

During this year of unprecedented uncertainty, the Kidney Foundation, BC & Yukon branch was very pleased to have had the generous and continued support from Hafez Panju again in 2020. Since 2008, Hafez continues to contribute a percentage of his sales commission very generously to the BC Branch, bringing his total contribution to over $28,592.


Kidney disease is a serious disease with no cure. 1 in 10 Canadians has the disease. Kidney disease has grown at an alarming rate of 60% over the last 10 years - primarily due to risk factors that have also been on the rise: diabetes and heart disease. Coupled with the fact that certain ethnic groups are at risk – Indigenous people (1 in 5 have chronic kidney disease) and individuals of South Asian descent – chronic kidney disease has become a crisis in Canada.


It is because of dedicated supporters like Hafez, who make it possible for the Kidney Foundation to provide programs and services that help to ease the physical, emotional, and financial burdens kidney patients and their families while coping with kidney disease.


On behalf of all kidney patients in BC we would like to thank Hafez Panju for his on- going support to bring HOPE to those living with kidney disease in our community, and in all communities throughout BC.

With sincere appreciation,


Brenda Dondo

Manager, Community Initiatives

The Kidney Foundation, BC & Yukon Branch

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Just Sold: 4995 Culloden St., Vancouver East, Knight


A TRUE WORK OF ART! One of a kind fully CUSTOM designed & built modern home with all the luxuries that will make you never want to leave home again. Perfect open floor plan, loads of storage, 2 patios, massive windows allow sunlight throughout the day including the basement! Attention to detail and design is pronounced at first sight from the use of exotic IPE, Italian tiles, horizontal grain white oak doors, Wolf & Miele appliances, top-end digital steam-room controls, spine back staircase, custom wardrobes in all closets, designer fixtures & lighting, automated blinds, smart home & security control system & to top it all off with a 422SF rooftop deck that feels like a commercial terrace featuring direct gas hookup rotisserie BBQ, fridge, fire table, BOSE sound system & breathtaking Views.


Listing offered by: ReMax Commercial Advantage 

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Just Sold: 20437 Dale Dr., Maple Ridge, Southwest

Excellent Condition

Great Family Neighborhood

Priced at $758,800


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Fantastic Southwest Maple Ridge location. Quiet family oriented neighborhood. Excellent condition with many updates. You won't be disappointed. Welcome to this 3 bed, 3 bath, 1754sqft basement entry home with plenty of parking, a double car garage w/tons of storage, a flat fenced lot and more. Features: upper level has 3 good size rooms, 2pc master ensuite, laminate flooring throughout, cozy gas fireplace, functional kitchen w/eating area and access to a large fully covered deck; perfect for year round entertainment. The lower level offers newer vinyl flooring, large rec room, 2pc bathroom and direct yard access; could be easily suited. Bonus: high efficiency furnace, 4 year young roof. Act Now! Call for your private showing
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Home buyer demand remains elevated across Metro Vancouver


In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December 2020.


Last month’s sales were 36.4 per cent above the 10-year January sales average.


“With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices.”


There were 4,480 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2021. This represents a 15.7 per cent increase compared to the 3,872 homes listed in January 2020 and an 86 per cent increase compared to December 2020 when 2,409 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,306, a 3.6 per cent decrease compared to January 2020 (8,617) and a 2.7 per cent decrease compared to December 2020 (8,538).


For all property types, the sales-to-active listings ratio for January 2021 is 28.8 per cent. By property type, the ratio is 26.3 per cent for detached homes, 37.6 per cent for townhomes, and 27.8 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.


“Shifting housing needs during the pandemic and historically low interest rates have been key drivers of demand in our market over the last six months,” Gerber said. “People who managed to enter the market a few years ago, and have seen their home values increase, are now looking to move up in the market to accommodate their changing needs.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,056,600. This represents a 5.5 per cent increase compared to January 2020 and a 0.9 per cent increase compared to December 2020.


Sales of detached homes in January 2021 reached 740, a 68.6 per cent increase from the 439 detached sales recorded in January 2020. The benchmark price of a detached homes is $1,576,800. This represents a 10.8 per cent increase from January 2020 and a 1.4 per cent increase compared to December 2020.


Sales of apartment homes reached 1,195 in January 2021, a 46.8 per cent increase compared to the 814 sales in January 2020. The benchmark price of an apartment home is $680,800. This represents a 2.2 per cent increase from January 2020 and a 0.6 per cent increase compared to December 2020.


Attached home sales in January 2021 totalled 454, a 42.8 per cent increase compared to the 318 sales in January 2020. The benchmark price of an attached home is $815,800. This represents a 4.3 per cent increase from January 2020 and a 0.2 per cent increase compared to December 2020.


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Provided by: REBGV

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Just Listed: 4 850 W 8th Ave., Vancouver, Vancouver West

Gorgeous Town Home

Awesome Central Location

Priced at $1,498,800

Showings by Appointment


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Stunning! Welcome to Koi, a boutique 8 home concrete complex by BattersbyHowat Architects! Located in Fairview Slopes; walk to all amenities & a short drive to Downtown. Your search ends here! Be immediately impressed with this 2bed/2bath/3lvl/1364sqft end-unit home w/City views from every floor. Features: open plan, high ceilings, floor-to-ceiling windows, automatic Hunter Douglas blinds, rich engineered floors, floating stairs, gourmet kitchen w/top end appliances & plenty of cupboard space, LED lights & more. Master suite has walk-in closet & spa-inspired bath. Top floor offers a large room, plenty of closet space & 4 pc bath w/soaker. Enjoy the large balcony w/retractable awning, electric heater & wired for speakers & TV. Call now for limited showing schedule by appointment only..

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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.