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Just Sold: 413 9150 University High St., Burnaby, Burnaby North, SFU

Gorgeous Southern Views

3 bed, 3 bath, 1265sqft

Priced at $768,800


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Stunning South facing, top floor corner home with endless views from every room! Located in Origin, found at UniverCity; Vancouver's premier lifestyle neighborhood. This 3bed/3bath/1265sqft home with open, spacious plan and an abundance of light will not disappoint. Features: freshly painted, 9' ceilings, laminate floors w/radiant heat, functional kitchen & large island w/breakfast bar, gas stove, stone counters, plenty of cupboard & counter space, loads of in-suite storage, excellent sized balcony w/gas hookup & more. The large master offers pass-through closets & updated spa inspired 5pc ensuite w/soaker. 2nd bed has 3pc ensuite & balcony & the 3rd bed is well sized. Bonus; strata includes heat, gas & hot water. 2 side-by-side parking & storage & rental/pet friendly. Act Now! Call today.

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Housing market moderates in April compared to March

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down from March to April 2021.


Summary:

  • National home sales declined by 12.5% on a month-over-month basis in April.
  • Actual (not seasonally adjusted) activity was up 256% year-over-year.
  • The number of newly listed properties fell back by 5.4% from March to April.
  • The MLS® Home Price Index (HPI) rose 2.4% month-over-month and was up 23.1% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 41.9% year-over-year gain in April.

Home sales recorded over Canadian MLS® Systems fell by 12.5% in April 2021 compared to the highest level ever recorded in March.


Month-over-month declines in sales activity were observed in close to 85% of all local markets, including virtually all of B.C. and Ontario.


In contrast, actual (not seasonally adjusted) sales activity posted a 256% year-over-year gain in April, reflecting the chasm between the best April ever in 2021 and the worst ever last year.


“While housing markets across Canada remain very active, there is growing evidence that some of the extreme imbalances of the last year are beginning to unwind, which is what everyone wants to see happen,” stated Cliff Stevenson, Chair of CREA. “That said, the slowdown in sales activity between March and April was at a time that COVID cases, including very concerning variants, hit their highest levels ever and many jurisdictions enacted fresh lockdowns, making it harder to get a clear read on the underlying levels of demand and supply. 2021 may be another year where some of the spring market gets pushed into the summer by COVID-19. As always, your best bet is to consult with your local REALTOR® for the best information and guidance about buying or selling a home this year,” continued Stevenson.


“Home sales were up by more than 250% on a year-over-year basis in April and the average price of those sales was up 42% – the biggest gains ever – which of course means that they were both down, from last month anyway,” said Shaun Cathcart, CREA’s Senior Economist. “Facetiousness aside, what we’re seeing is something known as the ‘base effect,’ which is the impact on statistics that results from the nature of the point of reference. In the case of the April 2021 housing numbers, the year-over-year is a comparison to the worst numbers ever published in April of last year, while the month-over-month relationship is to the strongest numbers ever published in March 2021. The result is that a relatively more ‘reasonable’ set of numbers in April 2021 looks both way up or way down depending on what crazy part of the last year you compare them to, but the correct interpretation of those big numbers is that the April housing numbers came in somewhere in between those extremes, which is a good thing. While we still have a ways to go, measures of market balance have finally turned a corner and monthly price growth has decelerated. I believe we’ve all wanted to see the temperature turned down on this market after the last year and it looks as though that is finally happening.”


The number of newly listed homes declined by 5.4% in April compared to March. In a market with historically low inventory, where sales activity depends on a steady supply of new listings each month, the synchronous gains in new supply and sales in March followed by synchronous declines in April suggest the slowdown in sales may be partially about availability of listings as opposed to only a demand story. New listings were down in 70% of all local markets in April.


The national sales-to-new listings ratio eased back to 75.2% in April compared to a peak level of 90.6% back in January. That said, the long-term average for the national sales-to-new listings ratio is 54.5%, so it is currently still high historically. The good news is that it is moving in the right direction.


Based on a comparison of sales-to-new listings ratio with long-term averages, only about a quarter of all local markets were in balanced market territory in April, measured as being within one standard deviation of their long-term average. The other three-quarters 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 2 months of inventory on a national basis at the end of April 2021, up from a record-low 1.7 months in March but still well below the long-term average for this measure of a little more than 5 months.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) climbed by 2.4% month-over-month in April 2021 – a historically strong gain but less than in February and March. Most of the recent deceleration in month-over-month price growth has come from the single-family space compared to the more affordable townhome and apartment segments.

The non-seasonally adjusted Aggregate Composite MLS® HPI was up 23.1% on a year-over-year basis in April. Based on data back to 2005, this was a record year-overyear increase.


The largest year-over-year gains continue to be posted across Ontario (around 20-50%), followed by markets in B.C., Quebec and New Brunswick (around 10-30%), and lastly by gains in the Prairie provinces and Newfoundland and Labrador (around 5-15%).


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 little under $696,000 in April 2021, up 41.9% from the same month last year. That said, it is important to remember that the national average price dropped by 10% month-over-month last April as the higher-end of every market effectively shut down for a couple of months. That will serve to stretch these year-over-year comparisons over and above what is actually happening to prices until around June.


The national average price is also 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 $144,000 from the national average price.


Provided by: CREA

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Just Sold: 3380 Vincent St., Port Coquitlam, Glenwood PQ


Over $100,000 spent in renovating this home! The features are endless. The main floor has been redesigned to accommodate a high end luxurious kitchen finished with top of the line appliances: 2 Jenn-Air wall ovens, 2 cooktops (gas & electric!) beautiful cabinetry (tons of cupboard space) an extra large island for the busy multi-tasking family overlooking comfortable living room. 3 bright spacious bedrooms upstairs. Modern designer paint and flooring throughout. The added bonus is the easy front door access, with front yard garden space. Beautiful private back fenced patio with backdoor access to covered parking. Perfect location with just steps from the park, schools, recreation and shopping. This is an amazing design, truly, the ideal home.


Listing Provided by: Royal LePage Sterling Realty

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Thrilled To Be Ranked #1 in Social Media in Burnaby

#1: Hafez Panju

Royal LePage

When you hire someone to do something for you, you want the best of the best which is why you want Hafez from Burnaby. Tune into Hafez’s social media to stay on top of the Burnaby market!  


Instagram Highlights

 2,039 Followers
 27 Average Likes Per Post

 Quality Photos
 Great Graphic Design
 
Congrats, to all the other Realtors!
 
 
Provided By: Property Spark
 

Our researchers go through thousands of agents by searching hashtags, review sites, social media profiles and real estate portals. Then we rank agents based on our proprietary algorithm that takes into consideration multiple variables as seen below:

Instagram Followers

Instagram Average Likes Per Post

Facebook Likes/Friends

Facebook Average Likes Per Post

Quality Of Posts

and Other Social Channels

 
 
 
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Just Sold: 404 9339 University Cr., Burnaby, Burnaby North, SFU

Immaculate Condition

3 Bed, 2 bath 1239sqft

Priced at $598,800


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This bright, open 1239sqft/3bed/2bath corner home has large windows with plenty of natural light. Enjoy the treed lined views & sounds of nature from your covered balcony. Located in Harmony at the Highland, a pet & rental friendly building, in UniverCity, Vancouver's premier lifestyle neighborhood. Features: freshly painted, open living & dining rooms, excellent room separation, spacious kitchen w/eating area & newer stainless appliances & more. Enjoy cozy warmth from the gas F/P. The huge master fits kings size furniture, has ensuite w/soaker & walk-in closet. Both 2nd & 3rd bedrooms are well sized. Bonus: parking, locker & gym facilities. Close to: transit, shopping, indoor/outdoor recreation & a host of perks available only to UniverCity residences. Do not miss your chance! Act Now!

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BC Markets Calming but Sales Still on Record Pace


The British Columbia Real Estate Association (BCREA) reports that a total of 13,683 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2021, an increase of 312.3 per cent over April 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The average MLS® residential price in BC was $946,606, a 29.1 per cent increase from $733,330 recorded in April 2020. Total sales dollar volume was $12.9 billion, a 432.2 per cent increase from last year.


“Although provincial home sales were down slightly from an all-time high in March, sales activity was the highest on record for April,” said BCREA Chief Economist Brendon Ogmundson. “Home sales continue on a record pace, though we do see a calming environment compared to the frenzied activity of recent months.”


Total active residential listings were down 14.5 per cent year-over-year in April but did tick higher on a seasonally adjusted basis for the second consecutive month as new listings activity ramped up.


“We are starting to see very strong new listings activity in several markets,” said Ogmundson, “however, it will take quite some time for total listings to return to the level needed to balance out markets and temper growth in home prices.


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Provided by: BCREA

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Just Sold: 20 1125 Kensal Place, Coquitlam, New Horizons

Excellent Central Location

Large Fenced Yard

3 Bed, 3 Bath, 1447sqft

Priced at $889,800


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Welcome to Kensal Walk located in Windsor Gate, Polygon's master plan community in the Heart of Coquitlam. This bright, spacious move-in ready 3bed/3bath/1447sqft home has a desirable plan w/large, fenced yard directly off the kitchen; perfect for young kids & Fido. Main: open concept, kitchen w/granite counters, SS appls, eating area & breakfast bar, generous size living & dining rooms, & w/2pc powder room. Up: has large master w/plenty of closet space, 5pc ensuite, 2 excellent sized rooms, 4pc bath & laundry. Lower: has tandem garage w/extra nook space & plenty of additional storage. Enjoy the 15,000sqft resort-inspired amenity center with pool, fitness studio, gym, lounge & more. Close to: shopping, parks, hiking/biking trails, schools & Skytrain. Act Now! Call for showings details.

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Just Sold: 201 2958 Whisper Way, Coquitlam, Westwood Plateau


Huge Balcony

Updated Throughout

Excellent Location

Priced at $624,800


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Welcome to this 2bed/2bath/924Sqft., open concept home. ¾" bamboo flooring in main areas and marble in baths. Spacious kitchen w/newer gas stove, maple cabinets & breakfast bar overlooking separate dining area & living room with cozy F/P and wall to wall windows. Enjoy the massive fully covered balcony for all season entertaining. Master bedroom accommodates king size suite, walk in closet and 5 pce ensuite. 2nd bedroom on opposite side of suite next to full bath and laundry with newer washer/dryer. 2 parking spaces close to elevator, locker room & bike storage. Cascade Clubhouse includes fitness room, outdoor pool & much more. Don’t miss out!!! Central location – walk to Skytrain, Douglas College & all levels of schools, community center, shopping, parks & more. 
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Hafez has been a pleasure to work with. His timeliness, business acumen, and negotiation skills were invaluable to us securing our first home purchase. We also appreciate the fact that he's transparent, patient, and has always looked out for our best interests. We highly recommend connecting with Hafez for any real estate inquiries.


S. & P. J

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Just Sold: 121 9399 Odlin Road., Richmond, West Cambie


Welcome to the highly sought-after Mayfair Place by Polygon- Well-kept corner ground-level inside unit with Air-Conditioning, 2 bedrooms 2 baths 1039sq.ft of living space. Functional kitchen layout with S/S appliances, granite counter tops & lots of cabinet space. This home is bright & airy with North facing windows & 9ft ceiling. Private fenced patio just like in a townhome, perfect for those summer BBQ. Resort style clubhouse includes an outdoor pool, hot tub, gym, guest suite, ping pong & more. Centrally located, close by Walmart, T&T, Lansdown, Kwantlen, Skytrain & much more. Up to 2 Dogs/ Cats. Rental allowed. 1 Parking, 1 Storage Locker. Do not miss this one, call for showing!


Listing offered by: Re/Max Crest Realty

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Just Listed: 404 9339 University Cr., Burnaby, Burnaby North, SFU

Immaculate Condition

3 Bed, 2 bath 1239sqft

Priced at $598,800


Click here for more...


This bright, open 1239sqft/3bed/2bath corner home has large windows with plenty of natural light. Enjoy the treed lined views & sounds of nature from your covered balcony. Located in Harmony at the Highland, a pet & rental friendly building, in UniverCity, Vancouver's premier lifestyle neighborhood. Features: freshly painted, open living & dining rooms, excellent room separation, spacious kitchen w/eating area & newer stainless appliances & more. Enjoy cozy warmth from the gas F/P. The huge master fits kings size furniture, has ensuite w/soaker & walk-in closet. Both 2nd & 3rd bedrooms are well sized. Bonus: parking, locker & gym facilities. Close to: transit, shopping, indoor/outdoor recreation & a host of perks available only to UniverCity residences. Do not miss your chance! Act Now!

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Hafez Panju is by far the best realtor that I’ve ever worked with. He recently helped my son, a first-time home owner, buy his first condo. Hafez gave great advice, made the process seamless, and seemed to be available 24/7. He knows the market and consistently went above and beyond for us. My son looks forward to recommending him to all of his friends when they are ready to purchase their first home.

K. D. & J. D.

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