Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

Categories
RSS

I have sold a property at 213 1080 BROUGHTON ST in Vancouver.
LOCATION, LOCATION! Fantastic, rarely available 837 s.f. 2 bed/2 bath west-facing corner unit in renowned Broughton Terrace in Vancouver's famous West End. This unit is in the best location w/no one living above you! Bright rooms & efficient floor plan w/updated kitchen, h/w flooring throughout & 2nd bed/2nd bath on opposite side. Soak up the summer sun on the 150 s.f. balcony! Rain-screened buildings with 4 common rooftop decks & beautiful courtyard landscaping. A quiet but very convenient location in the West End. Walk to everything in 5-10 mins: Sunset Beach, English Bay Beach, Davie/Denman/Robson streets, elementary & high school, etc. 1 parking stall, 1 big locker. 2 pets & rentals allowed. The ultimate in WEST COAST living! OPEN: Sun. Mar 27, 1-4 pm.
Read

I have sold a property at 2003 11 ROYAL AVE E in New Westminster.
Rare PENTHOUSE in the Victoria Hill Highrise Residences. 1227 sq. ft 2 bed/2 bath north-east facing corner unit w/awesome mountain & river VIEWS from all rooms & the 1100 sq. ft. ROOFTOP DECK! All rooms are spacious. Granite, engineered hardwood, stainless steel finishes and 10' ceilings throughout. RESORT-style amenities incl. o/d pool & hot tub, gym, sauna, billards room, party room, library & 2 guest suites. Located in Victoria Hill, New West's "park-like" community set amongst trails & greenspace yet easy access to all downtown New West's conveniences & amenities incl. Skytrain, shopping, pubs, etc. 2 side-by-side parking stalls & 1 huge locker. 2 pets & rentals allowed. OPEN HOUSE: Sun March 20, 2-4pm.
Read

March sales set an all-time record


Metro Vancouver home sales eclipsed 5,000 in March for the first time on record.


Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February 2016 when 4,172 homes sold. Last month’s sales were 56 per cent above the 10-year sales average for the month. "March was the highest selling month the REBGV has ever recorded,” Dan Morrison, REBGV president said. “Today's demand is broad based. Home buyers are active in neighbourhoods across our region."

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,278 in March 2016. This represents an increase of 5.2 per cent compared to the 5,968 units listed in March 2015 and an 8 per cent increase compared to February 2016 when 5,812 properties were listed.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,358, a 40.5 per cent decline compared to March 2015 (12,376) and a 0.8 per cent increase compared to February 2016 (7,299). “Strong job and economic growth in our province, positive net migration and low interest rates are helping to drive this activity," Morrison said. 

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $815,000. This represents a 23.2 per cent increase compared to March 2015.


Sales of detached properties in March 2016 reached 2,135, an increase of 24.8 per cent from the 1,711 detached sales recorded in March 2015. The benchmark price for detached properties increased 27.4 per cent from March 2015 to $1,342,500.


Sales of apartment properties reached 2,252 in March 2016, an increase of 38.4 per cent compared to the 1,627 sales in March 2015.The benchmark price of an apartment property increased 18.8 per cent from March 2015 to $462,800.


Attached property sales in March 2016 totalled 786, an increase of 8.9 per cent compared to the 722 sales in March 2015. The benchmark price of an attached unit increased 20.1 per cent from March 2015 to $589,100.

 

 

 

*Note: 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.

Read

I have listed a new property at 213 1080 BROUGHTON ST in Vancouver.
LOCATION, LOCATION! Fantastic, rarely available 837 s.f. 2 bed/2 bath west-facing corner unit in renowned Broughton Terrace in Vancouver's famous West End. This unit is in the best location w/no one living above you! Bright rooms & efficient floor plan w/updated kitchen, h/w flooring throughout & 2nd bed/2nd bath on opposite side. Soak up the summer sun on the 150 s.f. balcony! Rain-screened buildings with 4 common rooftop decks & beautiful courtyard landscaping. A quiet but very convenient location in the West End. Walk to everything in 5-10 mins: Sunset Beach, English Bay Beach, Davie/Denman/Robson streets, elementary & high school, etc. 1 parking stall, 1 big locker. 2 pets & rentals allowed. The ultimate in WEST COAST living! OPEN: Sun. Mar 27, 1-4 pm.
Read

Please visit our Open House at 213 1080 BROUGHTON ST in Vancouver.
Open House on Sunday, March 27, 2016 1:00 PM - 4:00 PM
LOCATION, LOCATION! Fantastic, rarely available 837 s.f. 2 bed/2 bath west-facing corner unit in renowned Broughton Terrace in Vancouver's famous West End. This unit is in the best location w/no one living above you! Bright rooms & efficient floor plan w/updated kitchen, h/w flooring throughout & 2nd bed/2nd bath on opposite side. Soak up the summer sun on the 150 s.f. balcony! Rain-screened buildings with 4 common rooftop decks & beautiful courtyard landscaping. A quiet but very convenient location in the West End. Walk to everything in 5-10 mins: Sunset Beach, English Bay Beach, Davie/Denman/Robson streets, elementary & high school, etc. 1 parking stall, 1 big locker. 2 pets & rentals allowed. The ultimate in WEST COAST living! OPEN: Sun. Mar 27, 1-4 pm.
Read

Please visit our Open House at 604 11 ROYAL AVE E in New Westminster.
Open House on Saturday, March 26, 2016 3:00 PM - 5:00 PM
FANTASTIC 1110 s.f. 2 bed/2 bath + den (3rd bedroom?) in award-winning Victoria Hill Highrise Residences. South-east facing (quiet side of building) w/mountain & river VIEWS. Over-height ceilings, granite & s/s finishes. Big kitchen, big master bdrm & big in-suite laundry/storage. Open, efficient floor plan with 2nd bdrm & 2nd bath on opposite side. Updates incl: new eng. hardwood flooring, carpets, washer/dryer, murphy bed in 2nd bdrm, custom closet in master bdrm. Amenities incl: o/d pool & hot tub, gym, sauna, party room, billiards room, library & 2 guest suites. In Victoria Hill, w/trails & parks at your doorstep yet close to downtown New West's Skytrain, shopping, dining. 2 parking, 1 locker. 2 pets & rentals allowed! OPEN: Sat. Mar 12, 3-5pm & Sun. Mar 13, 2-4pm.
Read

Canadian retail sales bounced back from a disappointing December, rising 2.1 per cent in January. Sales growth was broad-based with 7 of 11 subsectors reporting higher sales.   Given strong economic data to start 2016, first quarter real GDP growth in Canada is tracking at about 1.9 per cent, a significant improvement from just 0.8 per cent growth in the fourth quarter of 2015.

In BC, retail sales grew 2.8 per cent on a monthly basis and were up a blistering 9 per cent compared to January 2015. The BC economy is off to a very strong start in 2016, with growth in the early months tracking at more than 3 per cent on an annualized basis.  




Copyright British Columbia Real Estate Association. Reprinted with permission.


Read

A very solid start to the year for the Canadian manufacturing sector as sales rose 2.3 per cent to $53.1 billion, the highest level on record. Sales were led higher by gains in the motor vehicle, food and motor vehicle parts sectors, which accounted for 85 per cent of growth in January.  In inflation adjusted terms, sales in January were at their highest level since July 2008, finally surpassing levels last seen before the 2008/09 recession. 

In BC, where the manufacturing sector employs approximately 170,000 people, sales rose 0.7 per cent on a monthly basis and just 0.8 per cent year-over-year.  The current slowdown in China is clearly having an impact on BC's trade and manufacturing sector, though stronger growth in the US and a low dollar should provide a boost to growth in coming months.



 

Copyright British Columbia Real Estate Association. Reprinted with permission.

 


 



Read

Vancouver, BC – March 14, 2016. The British Columbia Real Estate Association (BCREA) reports that a total of 9,637 residential unit sales were recorded by the Multiple Listing Service® (MLS®) last month, up 44.7 per cent from February of last year. This smashed the previous record of 8,157 unit sales for the month of February recorded in 1992. Total sales dollar volume was $7.51 billion in February, up 76.4 per cent compared to the previous year. The average MLS® residential price in the province was up 21.9 per cent year-over-year, to $779,419.

“Housing demand is now at a break-neck pace,” said Cameron Muir, BCREA Chief Economist. “Home sales last month were not only a record for the month of February, but on a seasonally adjusted basis, demand has never been stronger in the province.”

“Downward pressure on active listings has created significant upward pressure on home prices in some regions, particularly in Vancouver and the Fraser Valley,” added Muir. “While home builders have responded with a record pace of housing starts for BC last month, the supply isn’t expected alleviate the imbalance in these markets in the near term."

The year-to-date, BC residential sales dollar volume increased 73.6 per cent to $11.9 billion, when compared with the same period in 2015. Residential unit sales climbed by 40.1 per cent to 15,468 units, while the average MLS® residential price was up 23.9 per cent to $769,424.




Copyright British Columbia Real Estate Association. Reprinted with permission.


Read

Employment in Canada was unchanged in February as gains in part-time work offset a decline in full-time jobs. The national unemployment rate rose 0.1 points to 7.3 per cent, the highest rate of unemployment in three years. 

BC was the only province that saw job growth in February. Employment was up by 14,000 jobs and was 3 per cent higher than one year ago, the highest rate of job growth in Canada. The provincial unemployment rate remained unchanged at 6.6 per cent as in-migration from other provinces continues to add to the pool of individuals actively looking for work.



 

Copyright British Columbia Real Estate Association. Reprinted with permission.

 





Read

Please visit our Open House at 604 11 ROYAL AVE E in New Westminster.
Open House on Saturday, March 19, 2016 3:00 PM - 5:00 PM
FANTASTIC 1110 s.f. 2 bed/2 bath + den (3rd bedroom?) in award-winning Victoria Hill Highrise Residences. South-east facing (quiet side of building) w/mountain & river VIEWS. Over-height ceilings, granite & s/s finishes. Big kitchen, big master bdrm & big in-suite laundry/storage. Open, efficient floor plan with 2nd bdrm & 2nd bath on opposite side. Updates incl: new eng. hardwood flooring, carpets, washer/dryer, murphy bed in 2nd bdrm, custom closet in master bdrm. Amenities incl: o/d pool & hot tub, gym, sauna, party room, billiards room, library & 2 guest suites. In Victoria Hill, w/trails & parks at your doorstep yet close to downtown New West's Skytrain, shopping, dining. 2 parking, 1 locker. 2 pets & rentals allowed! OPEN: Sat. Mar 12, 3-5pm & Sun. Mar 13, 2-4pm.
Read

I have listed a new property at 2003 11 ROYAL AVE E in New Westminster.
Rare PENTHOUSE in the Victoria Hill Highrise Residences. 1227 sq. ft 2 bed/2 bath north-east facing corner unit w/awesome mountain & river VIEWS from all rooms & the 1100 sq. ft. ROOFTOP DECK! All rooms are spacious. Granite, engineered hardwood, stainless steel finishes and 10' ceilings throughout. RESORT-style amenities incl. o/d pool & hot tub, gym, sauna, billards room, party room, library & 2 guest suites. Located in Victoria Hill, New West's "park-like" community set amongst trails & greenspace yet easy access to all downtown New West's conveniences & amenities incl. Skytrain, shopping, pubs, etc. 2 side-by-side parking stalls & 1 huge locker. 2 pets & rentals allowed. OPEN HOUSE: Sun March 20, 2-4pm.
Read

Please visit our Open House at 2003 11 ROYAL AVE E in New Westminster.
Open House on Sunday, March 20, 2016 2:00 PM - 4:00 PM
Rare PENTHOUSE in the Victoria Hill Highrise Residences. 1227 sq. ft 2 bed/2 bath north-east facing corner unit w/awesome mountain & river VIEWS from all rooms & the 1100 sq. ft. ROOFTOP DECK! All rooms are spacious. Granite, engineered hardwood, stainless steel finishes and 10' ceilings throughout. RESORT-style amenities incl. o/d pool & hot tub, gym, sauna, billards room, party room, library & 2 guest suites. Located in Victoria Hill, New West's "park-like" community set amongst trails & greenspace yet easy access to all downtown New West's conveniences & amenities incl. Skytrain, shopping, pubs, etc. 2 side-by-side parking stalls & 1 huge locker. 2 pets & rentals allowed. OPEN HOUSE: Sun March 20, 2-4pm.
Read

Please visit our Open House at 604 11 ROYAL AVE E in New Westminster.
Open House on Sunday, March 13, 2016 2:00 PM - 4:00 PM
FANTASTIC 1110 s.f. 2 bed/2 bath + den (3rd bedroom?) in award-winning Victoria Hill Highrise Residences. South-east facing (quiet side of building) w/mountain & river VIEWS. Over-height ceilings, granite & s/s finishes. Big kitchen, big master bdrm & big in-suite laundry/storage. Open, efficient floor plan with 2nd bdrm & 2nd bath on opposite side. Updates incl: new eng. hardwood flooring, carpets, washer/dryer, murphy bed in 2nd bdrm, custom closet in master bdrm. Amenities incl: o/d pool & hot tub, gym, sauna, party room, billiards room, library & 2 guest suites. In Victoria Hill, w/trails & parks at your doorstep yet close to downtown New West's Skytrain, shopping, dining. 2 parking, 1 locker. 2 pets & rentals allowed! OPEN: Sat. Mar 12, 3-5pm & Sun. Mar 13, 2-4pm.
Read

Please visit our Open House at 604 11 ROYAL AVE E in New Westminster.
Open House on Saturday, March 12, 2016 3:00 PM - 5:00 PM
FANTASTIC 1102 s.f. 2 bed/2 bath + den (3rd bedroom?) in award-winning Victoria Hill Highrise Residences. South-east facing (quiet side of building) w/mountain & river VIEWS. Over-height ceilings, granite & s/s finishes. Big kitchen, big master bdrm & big in-suite laundry/storage. Open, efficient floor plan with 2nd bdrm & 2nd bath on opposite side. Updates incl: new eng. hardwood flooring, carpets, washer/dryer, murphy bed in 2nd bdrm, custom closet in master bdrm. Amenities incl: o/d pool & hot tub, gym, sauna, party room, billiards room, library & 2 guest suites. In Victoria Hill, w/trails & parks at your doorstep yet close to downtown New West's Skytrain, shopping, dining. 2 parking, 1 locker. 2 pets & rentals allowed! OPEN: Sun. Mar 13, 2-4.
Read

I have listed a new property at 604 11 ROYAL AVE E in New Westminster.
FANTASTIC 1102 s.f. 2 bed/2 bath + den (3rd bedroom?) in award-winning Victoria Hill Highrise Residences. South-east facing (quiet side of building) w/mountain & river VIEWS. Over-height ceilings, granite & s/s finishes. Big kitchen, big master bdrm & big in-suite laundry/storage. Open, efficient floor plan with 2nd bdrm & 2nd bath on opposite side. Updates incl: new eng. hardwood flooring, carpets, washer/dryer, murphy bed in 2nd bdrm, custom closet in master bdrm. Amenities incl: o/d pool & hot tub, gym, sauna, party room, billiards room, library & 2 guest suites. In Victoria Hill, w/trails & parks at your doorstep yet close to downtown New West's Skytrain, shopping, dining. 2 parking, 1 locker. 2 pets & rentals allowed! OPEN: Sun. Mar 13, 2-4.
Read

Please visit our Open House at 604 11 ROYAL AVE E in New Westminster.
Open House on Sunday, March 13, 2016 2:00 PM - 4:00 PM
FANTASTIC 1102 s.f. 2 bed/2 bath + den (3rd bedroom?) in award-winning Victoria Hill Highrise Residences. South-east facing (quiet side of building) w/mountain & river VIEWS. Over-height ceilings, granite & s/s finishes. Big kitchen, big master bdrm & big in-suite laundry/storage. Open, efficient floor plan with 2nd bdrm & 2nd bath on opposite side. Updates incl: new eng. hardwood flooring, carpets, washer/dryer, murphy bed in 2nd bdrm, custom closet in master bdrm. Amenities incl: o/d pool & hot tub, gym, sauna, party room, billiards room, library & 2 guest suites. In Victoria Hill, w/trails & parks at your doorstep yet close to downtown New West's Skytrain, shopping, dining. 2 parking, 1 locker. 2 pets & rentals allowed! OPEN: Sun. Mar 13, 2-4.
Read

I have sold a property at 312 83 Star CRES in New Westminster.
$$ BEST WATERFRONT VALUE $$ - N.W. Corner unit facing the River and Courtyard. Light, Bright and Private one bedroom is Open plan with no wasted space. 9' ceilings, loads of windows, gas fireplace, walk-in laundry room, spacious Master Bedroom and Private view deck. 2 PARKING spaces & Storage Locker.City Utilities (water, garbage, sewer) are included in maintenance fee. Well maintained building, 2 Pets per unit allowed. Rentals allowed but currently full. Buyer must occupy the unit. 1.7 km walking trail, sandy beach, lookout points and commuinty gardens. Port Royal is a fantastic community growing and evolving. Close to shopping, Transportation, Schools and Restaurants.
Read

The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is evolving as anticipated but that a weak economy will continue to dampen growth in consumer prices. Overall, the Bank judges that risks in the economy are roughly balanced, though financial vulnerabilities have increased due to falling commodity prices.

With inflation trending close to target while the economy struggles, the Bank of Canada, whose mandate is to target 2 per cent inflation over the medium run, has to strike a fairly delicate balance. Low oil prices continue to vex the Canadian economy spurring job losses in energy producing provinces while also putting downward pressure on the exchange rate, which makes the cost of imported goods from heavy machinery to fresh produce more expensive.  We expect that weak economic growth will continue in the first quarter of 2016, but the possibility of an effective fiscal stimulus, a stronger US economy and a stabilization of oil prices points to stronger growth ahead.  The door remains open for the Bank of Canada to reduce rates once more in 2016, though our expectation is that the Bank will remain on the sidelines throughout the year. 



 

Copyright British Columbia Real Estate Association. Reprinted with permission.






Read

Canadian housing starts jumped close to 30 per cent in February following a dip in activity to start the year. Total housing starts were 212,594 units at a seasonally adjusted annual rate (SAAR).   The six-month trend in Canadian housing starts of 198,880 was up slightly.  


Housing starts in BC were the highest on record in February, reaching an astounding 50,780 units SAAR. The record-setting pace of new home construction was the result of record setting pace of starts of apartments and other multi-family units, which were up 183 per cent on a year-over-year basis. 

Looking at census metropolitan areas (CMA) in BC, total starts in the Vancouver CMA were up 199 per cent year-over-year in February due to a record setting month for multiple unit starts. In the Victoria CMA, housing starts were up 46 per cent year-over-year with strong gains in both single and multiple starts. Home construction in the Kelowna CMA also posted strong gains as starts of multiple units hit an 8 year high and total starts increased 253 per cent year-over-year. Housing starts in the Abbotsford-Mission CMA were up 49 per cent in February on broad strength in both single and multiple units starts. 



Copyright British Columbia Real Estate Association. Reprinted with permission.


Read
Categories:   Abbotsford West, Abbotsford Real Estate | Brentwood Park, Burnaby North Real Estate | Brighouse, Richmond Real Estate | Burnaby | Burnaby Real Estate | Burnaby South Real Estate | Cape Horn, Coquitlam Real Estate | Cariboo, Burnaby North Real Estate | Central BN, Burnaby North Real Estate | Central Coquitlam, Coquitlam | Central Coquitlam, Coquitlam Real Estate | Champlain Heights, Vancouver East | Champlain Heights, Vancouver East Real Estate | Cloverdale BC, Cloverdale Real Estate | Cloverdale BC, Surrey Real Estate | Cloverdale Real Estate | Coal Harbour, Vancouver West Real Estate | Coaquitlam | College Park PM, Port Moody Real Estate | Collingwood VE, Vancouver East Real Estate | Coquitlam | Coquitlam West, Coquitlam Real Estate | Downtown NW, New Westminster Real Estate | Downtown VW, Vancouver West | Downtown VW, Vancouver West Real Estate | Eagleridge, Coquitlam Real Estate | False Creek North, Vancouver West | Fraserview NW, New Westminster | Fraserview NW, New Westminster Real Estate | Fraserview VE, Vancouver East Real Estate | GlenBrooke North, New Westminster Real Estate | Grandview Surrey, Surrey Real Estate | Harrison Hot Springs Real Estate | Hastings, Vancouver East Real Estate | Highgate, Burnaby South Real Estate | Hockaday, Coquitlam Real Estate | January 2014 Sales in Greater Vancouver | Metrotown, Burnaby South Real Estate | New Horizons, Coquitlam Real Estate | New Westminster Real Estate | Port Moody | Port Moody Real Estate | Quay, New Westminster Real Estate | Queensborough, New Westminster Real Estate | Richmond Real Estate | Riverdale RI, Richmond Real Estate | Riverwood, Port Coquitlam Real Estate | Sapperton, New Westminster Real Estate | Simon Fraser Univer., Burnaby North Real Estate | Surrey | The Heights NW, New Westminster | The Heights NW, New Westminster Real Estate | Tsawwassen Central, Tsawwassen Real Estate | Uptown NW, New Westminster Real Estate | Uptown, New Westminster Real Estate | Vancouver | Vancouver East Real Estate | Videocast of January 2014 sales | Walnut Grove, Langley Real Estate | West Central, Maple Ridge Real Estate | West End VW, Vancouver West Real Estate | Whalley, North Surrey Real Estate | Whalley, Surrey Real Estate | Willoughby Heights, Langley Real Estate
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.