Just Listed: 312 700 Clarke Rd., Coquitlam, Coquitlam West

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.


Price Reduced - 26 15030 58th Ave., Surrey, Sullivan Station

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!


Canadian home sales edge up from September to October


  • 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.

About 60% of all local markets saw sales rise in October, although both gains and declines were generally small across the board. The largest gain, a 6% increase in Greater Vancouver, was offset by a 2.4% decrease in activity in Montreal.

The actual (not seasonally adjusted) number of transactions in October 2022 came in 36% below that same month last year, and stood about 15% below the pre-COVID-19 10-year average for the month.

“In October, sales across the country increased for the first time since before interest rates started to rise last winter,” said Jill Oudil, Chair of CREA. “Of course, we’ve known the demand was there, so it’s just been a matter of some playing the waiting game as borrowing costs and prices have adjusted. Moving into 2023, sellers and buyers will likely continue coming off the sidelines, but it’s a very different market compared to just one year ago. As always, for information and guidance about how to navigate the current marketplace, your best bet is to contact your local REALTOR®,” continued Oudil.

“October provided another month’s worth of data suggesting the slow down in Canadian housing markets is winding up,” said Shaun Cathcart, CREA’s Senior Economist. “Sales actually popped up from September to October, and the decline in prices on a month-to-month basis got smaller for the fourth month in a row."

The number of newly listed homes was up 2.2% on a month-over-month basis in October, with gains in the Greater Toronto Area (GTA) and the B.C. Lower Mainland offsetting declines in Montreal and Halifax-Dartmouth.

With sales up by a little less than new listings in October, the sales-to-new listings ratio eased back to 51.6% compared to 52% in September. The long-term average for this measure is 55.1%.

There were 3.8 months of inventory on a national basis at the end of October 2022, up slightly from 3.7 months at the end of September. While the number of months of inventory is still well below the long-term average of about five months, it is also up quite a bit from the all-time low of 1.7 months set at the beginning of 2022.

The Aggregate Composite MLS® Home Price Index (HPI) edged down 1.2% on a month-over-month basis in October 2022, the smallest decline since June.

The non-seasonally adjusted Aggregate Composite MLS® HPI edged down 0.8% on a year-over-year basis in October.

The actual (not seasonally adjusted) national average home price was $644,643 in October 2022, down 9.9% 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 the calculation cuts almost $125,000 from the national average price.

Provided by: CREA


Just Sold: 203 9888 University Cr., Burnaby, Burnaby North, SFU

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.


Top Ten - October 2022

Beyond Grateful,

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


BC Home Sales Remain Slow While Active Listings Plateau

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


Inflation, rising interest rates create caution across Metro  Vancouver’s housing market

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

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.