Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

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I have sold a property at 301 11 ROYAL AVE E in New Westminster.
HUGE 975 sq. ft, 1 bed + den, 1.5 baths northwest-facing condo in Victoria Hill High Rise Residences. Open floor plan & spacious rooms. Features incl. over-height ceilings, stainless steel, granite & brand new laminate flooring throughout! Massive walk-in closet w/new California Closets. Upgraded washer/dryer. Peaceful outlook to garden and trees. RESORT-style living with excellent amenities incl. o/d pool & hot tub, gym, sauna, party room, games room, media room, library, kids playroom and 2 guest suites. Comes with 2 parking stalls & 1 locker. Located in Victoria Hill, a great New West neighbourhood with parks, trails at your doorstep & easy access to all city amenities. 2 pets & rentals allowed. OPEN HOUSE: Sun, Feb 15, 2-4 pm.
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Please visit our Open House at 402 3061 KENT AVE NORTH AVE E in Vancouver.
Open House on Sunday, April 26, 2015 2:00 pm - 4:00 pm
Lovely water & mountain views from this LARGE 902 s.f. 1 bed + den, 1 bath (den could be 2nd bedroom) in Fraserview. Well-maintained w/big rooms to fit all your house-sized furniture! Floor-to-ceil. windows face south-east and catch all the morning sun. Bathroom is cheater ensuite w/soaker tub & separate shower. New eng. hardwood flooring throughout, new privacy blinds throughout, new tile flooring in kitchen & new s/s fridge, new d/w & w/d. Balcony perfect for relaxing while enjoying the view. Amenities incl. i/d pool & hot tub, gym. Pets & rentals allowed. 2 parking stalls, 1 locker. Beautiful park-like neighbourhood, next to new River District community with new dining, parks & trails & more!
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I have sold a property at 206 7055 WILMA ST in Burnaby.
Fantastic 882 sq. ft. 2 bed/1 bath + den in The Beresford in Highgate, Burnaby. Bright south-east corner with 2 balconies & nice outlook to trees & garden. Rooms are spacious. Recent renos incl: new kitchen, bath & plumbing, new laminate &tile flooring, S/S appliances & granite. Gas fireplace, heat, hot water & shared laundry all included in strata fee! Laundry room is 2 doors down the hall. Great building with lovely gardens, common sundeck w/bbq, rec room & gym. Walk to schools, Highgate Mall, Edmonds Library, parks & trails. Proactive strata council. 1 parking & 1 locker. Pets & rentals allowed w/restrictions. A great value!
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Please visit our Open House at 402 3061 KENT AVE NORTH AVE E in Vancouver.
Open House on Sunday, April 19, 2015 2:00 pm - 4:00 pm
LARGE 902 sq. ft, 1 bed + den, 1 bath (den could easily be 2nd bedroom) w/water view in The Phoenix in Fraserview. Well-maintained w/large rooms to fit all your house-sized furniture! Floor-to-ceil. windows face south-east and catch all the morning sun. Bathroom is cheater ensuite w/soaker tub & separate shower. New eng. hardwood flooring throughout, new tile flooring in kitchen & new s/s fridge, new d/w & w/d. Balcony perfect for relaxing while enjoying the view. Amenities incl. i/d pool & hot tub, gym. Pets & rentals allowed. 2 parking stalls, 1 locker. Lovely, park-like area, next to new River District community with new dining, parks & trails & more at your doorstep!
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The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 0.75 per cent. In the press release accompanying the decision, the Bank noted that temporary sector-specific factors as well as pass-through effects from a lower Canadian dollar to import-prices is keeping core inflation close to its 2 per cent target in spite of increasing slack in the economy.


The Bank now expects the growth impact of low oil prices to be more front-loaded than assumed in January and for growth to rebound beginning in the second quarter with real GDP growth projected at 2.5 per cent on average through the middle of 2016.  Weak first quarter growth will translate to a widening of the Canadian output gap and downward pressure on projected inflation, but the Bank expects a higher rate of growth in the second half will push the economy back onto its previous trajectory, reaching full-capacity around the end of 2016. 

Since unveiling a surprise interest rate cut in January, each successive Bank of Canada announcement has brought heightened anticipation. However, stable oil prices, a low Canadian dollar and firm core inflation mean that the Bank is likely to take a wait and see approach as to the ultimate impact of low oil prices on the Canadian economy.


Monetary policy generally operates with a four to six quarter lag, which is why the Bank opted to reduce its target rate in January to cushion the potential impact of low oil prices. Unless the Bank anticipates further shocks to the economy or a deepening impact on growth and employment arising from the oil sector, it may ultimately hold rates constant for the remainder of the year. 

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Please visit our Open House at 402 3061 KENT AVE NORTH AVE E in Vancouver.
Open House on Sunday, April 12, 2015 2:00 pm - 4:00 pm
LARGE 902 sq. ft, 1 bed + den, 1 bath (den could easily be 2nd bedroom) w/water view in The Phoenix in Fraserview. Well-maintained w/large rooms to fit all your house-sized furniture! Floor-to-ceil. windows face south-east and catch all the morning sun. Bathroom is cheater ensuite w/soaker tub & separate shower. New eng. hardwood flooring throughout, new tile flooring in kitchen & new s/s fridge, new d/w & w/d. Balcony perfect for relaxing while enjoying the view. Amenities incl. i/d pool & hot tub, gym. Pets & rentals allowed. 2 parking stalls, 1 locker. Lovely, park-like area, next to new River District community with new dining, parks & trails & more at your doorstep!
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Please visit our Open House at 301 11 ROYAL AVE E in New Westminster.
Open House on Saturday, April 11, 2015 2:00 pm - 4:00 pm
HUGE 975 sq. ft, 1 bed + den, 1.5 baths northwest-facing condo in Victoria Hill High Rise Residences. Open floor plan & spacious rooms. Features incl. over-height ceilings, stainless steel, granite & brand new laminate flooring throughout! Massive walk-in closet w/new California Closets. Upgraded washer/dryer. Peaceful outlook to garden and trees. RESORT-style living with excellent amenities incl. o/d pool & hot tub, gym, sauna, party room, games room, media room, library, kids playroom and 2 guest suites. Comes with 2 parking stalls & 1 locker. Located in Victoria Hill, a great New West neighbourhood with parks, trails at your doorstep & easy access to all city amenities. 2 pets & rentals allowed. OPEN HOUSE: Sun, Feb 15, 2-4 pm.
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Metro Vancouver home buyers out in force in March

Demand continued to rise across Metro Vancouver's housing market in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7 per cent increase compared to the 2,641 sales recorded in March 2014, and a 32.6 per cent increase compared to the 3,061 sales in February 2015. Last month’s sales were 26.8 per cent above the 10-year sales average for the month.

"We're seeing strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices,” Darcy McLeod, REBGV president said. “For sellers, this means that it's taking less time, on average, for your home to sell if you have it priced correctly for today's market."
   
New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,968 in March. This represents a 13 per cent increase compared to the 5,281 new listings reported in March 2014. Last month’s new listing count was 4.7 per cent higher than the region’s 10-year new listing average for the month.
   
The total number of properties currently listed for sale on the REBGV MLS® is 12,376, a 14.5 per cent decline compared to March 2014 and a 4 per cent increase compared to February 2015. “The number of homes for sale today is below what’s typical for this time of year,” McLeod said. “If you’ve been considering putting your property on the market, these market conditions indicate that now may be a good time to list.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $660,700. This represents a 7.2 per cent increase compared to March 2014. The sales-to-active-listings ratio in March was 32.8 per cent. This is the highest that this ratio has been in Metro Vancouver since July 2007.

Sales of detached properties in March 2015 reached 1,711, an increase of 53.3 per cent from the 1,116 detached sales recorded in March 2014, and an 83.4 per cent increase from the 933 units sold in March 2013. The benchmark price for a detached property in Metro Vancouver increased 11.2 per cent from March 2014 to $1,052,800.


Sales of apartment properties reached 1,627 in March 2015, an increase of 47.1 per cent compared to the 1,106 sales in March 2014, and an increase of 65.7 per cent compared to the 982 sales in March 2013. The benchmark price of an apartment property increased 3.3 per cent from March 2014 to $390,200.

Attached property sales in March 2015 totalled 722, an increase of 72.3 per cent compared to the 419 sales in March 2014, and a 67.1 per cent increase from the 432 attached properties sold in March 2013. The benchmark price of an attached unit increased 4.9 per cent between March 2014 and 2015 to $484,900.



If you would like detailed statistics for a specific kind of property in any REBGV city and/or neigbourhood please contact me and I can easily send to you at your convenience.

 

Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.


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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.