Honoured to be made the top 3 agents in my office for the month of February. Thank you to all my clients that enabled this to happen.
Top Floor
2 bed, 2 bath, 783sqft.
$425,000
Bright South facing home with over height ceilings. Spacious open floor plan. Welcome to The Benjamin, located in the heart of Langley City close to all sort of amenities: schools, shopping, dining and so much more. This 2 bed, 2 bath, 783sqft home features granite counters, stainless appliances, quality laminate flooring throughout, plenty of cupboard and counter space, large laundry closet with extra storage, tons of windows & more. The large master has pass through closets & ensuite with double sinks. The 2nd bed is well sized. Bonus: parking, rental & pet friendly. Something for everyone: investors, first time buyers or downsizing couples. Act Now! Book your private viewing today.
Spacious, Open Plan
2 bed, 2 bath 849sqft
Clean & Move-In Ready
Priced at $488,000
Soak-up the beautiful green space, mountain top & City light views from this bright South East 2bed, 2bath, 849sqft home. Located in Aurora, a concrete rental & pet friendly building in UniverCity, Vancouver's premier lifestyle neighborhood. Features: freshly painted, laminate floors, new blinds, open layout, stainless appl, granite counters, newer W/D & plenty of cupboard/counter & closet space. The spacious master has 4pc ensuite, walk-in closet & a view. The 2nd bed is well sized. Enjoy BBQs on the covered balcony. Bonus: locker, parking & well-appointed gym. Benefit from all UniverCity offers: world class childcare facility, short stroll to Campus, Nesters grocery, elementary school, hiking/biking trails, close proximity to Downtown & so much more. Act Now! Book your private showing.
Harmony, built by experienced builder Polygon. This 2 bedrooms and 2 full bathrooms unit is in great condition. Best of all, it's a top floor corner unit. Come in and you will notice the open floor plan that flows from the gourmet kitchen to the dining room and to the living room. High ceiling and large balcony with great view. Very cozy bedrooms with tons of natural light. Central location but quiet neighbourhood, everything is in short walk distance. Pets and Rental are allowed, great price for investment or for self occupied. Rare opportunity! Come quick, it won't last long!
Listing Offered by: Multiple Realty Ltd.
Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent increase from the 2,389 homes sold in January 2021.
Last month’s sales were 42.8 per cent above the 10-year February sales average.
“Metro Vancouver’s housing market is experiencing seller’s market conditions. The supply of listings for sale isn’t keeping up with the demand we’re seeing,” Colette Gerber, REBGV Chair said. “Competition amongst home buyers is causing multiple offer situations and upward pressure on prices.
“This is particularly true in the townhome market where demand is outstripping the available supply. Conditions differ depending on location and property type so it’s important to work with your local REALTOR® to develop strategies to meet your needs.”
There were 5,048 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2021. This represents a 26.1 per cent increase compared to the 4,002 homes listed in February 2020 and a 12.7 per cent increase compared to January 2021 when 4,480 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,358, a 9.1 per cent decrease compared to February 2020 (9,195) and a 0.6 per cent increase compared to January 2021 (8,306). This is 21.2 per cent below the February 10-year average for new listings.
For all property types, the sales-to-active listings ratio for February 2021 is 44.6 per cent. By property type, the ratio is 41.8 per cent for detached homes, 61.8 per cent for townhomes, and 41.7 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.
“Low interest rates remain a key driver in today’s market. We’re seeing steady numbers of firsttime home buyers and move-up buyers entering the market,” Gerber said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 6.8 per cent increase over February 2020 and a 2.6 per cent increase compared to January 2021.
Less populated communities within the region continue to experience the largest year-over-year price increases across all property types. Examples, according to the MLS HPI®. include Bowen Island (34.4 per cent increase), the Sunshine Coast (32.7 per cent increase), West Vancouver (16.1 per cent increase) Maple Ridge (14.8 per cent increase) and Ladner (13.7 per cent increase).
Sales of detached homes in Metro Vancouver reached 1,231 in February 2021, a 79.7 per cent increase from the 685 detached sales recorded in February 2020. The benchmark price for a detached home is $1,621,200. This represents a 13.7 per cent increase from February 2020 and a 2.8 per cent increase compared to January 2021.
Sales of apartment homes reached 1,759 in February 2021, a 65.8 per cent increase compared to the 1,061 sales in February 2020. The benchmark price of an apartment is $697,500. This represents a 2.5 per cent increase from February 2020 and a 2.5 per cent increase compared to January 2021.
Attached home sales in February 2021 totalled 737, an 82.4 per cent increase compared to the 404 sales in February 2020. The benchmark price of an attached home is $839,800. This represents a 7.2 per cent increase from February 2020 and a 2.9 per cent increase compared to January 2021.
Provided by: REBGV
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!
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
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!
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
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021.
Summary:
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
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,
Manager, Community Initiatives
The Kidney Foundation, BC & Yukon Branch
Call 604-377-3689 or Email me today and let's discuss your next home sale or purchase.
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.