Bright, Open Layout

2 Bed, 2 bath, 779sqft

Priced at $698,800

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Fantastic layout, qualitycontemporary finishing, excellent room separation, & a hard to beat location. Your search ends here! Welcome to this 2bed/2bath/779sqft home by Dolomiti Homes in Georgie Award winning Vista. Located in the heart of Burquitlam, close to every amenity: shopping, transit, Skytrain, schools, rec., Hwy access & more. Features: welcoming entry, open layout, large windows for an abundance of light, over height ceilings, premium flooring, kitchen w/plenty of cupboard & counter space, SS appls & large island w/overhang. Enjoy covered balcony for year-round BBQs. The spacious master has 3pc ensuite w/oversized shower & the well sized 2nd bed has large closet. Bonus: tons of insuite storage, EV charger-ready parking, locker & common roof-top deck. Act Now! Call for showings.

Bright & Thoughtful Layout

4 Bed, 2 bath, 1551sqft

Priced at $734,800

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Welcome to Summerleaf TH complex, located in the heart of Panorama Village of Sullivan Heights. Close to all amenities: schools, shopping, transit, rec., YMCA & much more. This bright south facing 3lvl/4bed/2bath, home will not disappoint. Advantageously located in the rear of the complex, with no homes behind creating a private setting with fenced yard w/covered patio; perfect for kids, Fido & year around use. Main; laminate floors, newer SS appls, eating area w/family rm & living/dining areas. Kitchen has breakfast bar & access to balcony. Up: spacious master w/4pc ensuite, 2 well sized rms, 4pc bath, laundry & laminate floors. Down: large rm w/window & yard access; excellent for 4th bed, rec rm or home office. Bonus: oversized single car garage, parking skirt & 3rd parking pad. Act Now!

Highlights:

• National home sales were up 1.3% on a month-over-month basis in October.
• Actual (not seasonally adjusted) monthly activity came in 36% below October 2021.
• The number of newly listed properties edged up 2.2% month-over-month.
• The MLS® Home Price Index (HPI) declined by 1.2% month-over-month and was down 0.8% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 9.9% year-over-year decline in October.

Home sales recorded over Canadian MLS® Systems edged up by 1.3% between September and October 2022. While not a large increase, it was significant in that it was the first monthly gain since February.

Oslo by Eight Avenue Development Group. Unique location on SFU Burnaby Mountain's South Slope. Intelligently designed corner 3 bed CityHome with large 200sf private patio area for thoughtful comfort and functionality for family living. Doorstep access to transit, nature, shops, schools and everyday conveniences. Elevated exteriors steeped in Scandinavian design principles. Over-height ceilings. Samsung stainless steel appliance package. Sustainable HRV unit effectively balances climate throughout the unit with radiant in-floor heating. HRV system continually cleans the air and non-toxic materials are used throughout, so your home is always fresh. This can lead to better sleep, reduce allergies, increase concentration, and improve overall health. Move in Fall 2022!

Listing Offered by: Magnum Projects Ltd.

Beyond Grateful,

For your continued support & trust, allowing me the opportunity to assist with your real estate needs. I do have the best clients!

The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in BC was $932,979, a 3.1 per cent decrease from $963,011 recorded in October 2021. Total sales dollar volume was $4.9 billion, a 47.2 per cent decline from the same time last year.

“Sales activity remains slow across the province and inventories appear to be plateauing,” said BCREA Chief Economist Brendon Ogmundson. “While prices have fallen from peak levels reached in early 2022, average prices have recently leveled off.”

Year-to-date, BC residential sales dollar volume was down 26.3 per cent from the same period in 2021 to $73.3 billion. Residential unit sales were down 33 per cent to 72,824 units, while the average MLS® residential price was up 10 per cent to $1.01 million.

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Provided by: BCREA

Home sale activity across the Metro Vancouver* housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold in September 2022.

Last month’s sales were 33.3 per cent below the 10-year October sales average.

“Inflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options,” Andrew Lis, REBGV’s director, economics and data analytics said. “With sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022.”

There were 4,033 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2022. This represents a 0.4 per cent decrease compared to the 4,049 homes listed in October 2021 and a 4.6 per cent decrease compared to September 2022 when 4,229 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,852, a 22.6 per cent increase compared to October 2021 (8,034) and a 1.2 per cent decrease compared to September 2022 (9,971).

“Recent years have been characterized by a frenetic pace of sales amplified by scarce listings on the market to choose from. Today’s market cycle is a marked departure, with a slower pace of sales and more selection to choose from,” Lis said. “This environment provides buyers and sellers more time to conduct home inspections, strata minute reviews, and other due diligence. With the possibly of yet another rate hike by the Bank of Canada this December, it has become even more important to secure financing as early in the process as possible.”

For all property types, the sales-to-active listings ratio for October 2022 is 19.3 per cent. By property type, the ratio is 14.3 per cent for detached homes, 21.6 per cent for townhomes, and 23.2 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 $1,148,900. This represents a 2.1 per cent increase from October 2021, a 9.2 per cent decrease over the last six months, and a 0.6 per cent decrease compared to September 2022.

Sales of detached homes in October 2022 reached 575, a 47.2 per cent decrease from the 1,090 detached sales recorded in October 2021. The benchmark price for a detached home is $1,892,100. This represents a 1.6 per cent increase from October 2021 and a 0.7 per cent decrease compared to September 2022.

Sales of apartment homes reached 995 in October 2022, a 44.8 per cent decrease compared to the 1,801 sales in October 2021. The benchmark price of an apartment home is $727,100. This represents a 5.1 per cent increase from October 2021 and a 0.2 per cent decrease compared to September 2022.

Attached home sales in October 2022 totalled 333, a 44.8 per cent decrease compared to the 603 sales in October 2021. The benchmark price of an attached unit is $1,043,600. This represents a 7.1 per cent increase from October 2021 and a 0.5 per cent decrease compared to September 2022.

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Provided by: REBGV