Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

Categories
RSS

I have sold a property at 2064 CONCORD AVE in Coquitlam

I have sold a property at 2064 CONCORD AVE in Coquitlam.
LOVELY 5 bed, 3 bath, 2630 sq ft rancher w/carport & full basement on CUL DE SAC. Private & green setting w/lots of trees, gardening spots & patios/decks. All rooms nicely finished & well-maintained! Bright kitchen w/eating area. Din, liv room & mstr bedroom have great views w/access to 53' deck. Wood-burning fireplace in living room & rec room below! Rec room has its own entrance & kitchenette, rent as 1 or 2-bed suite! UPDATES: s/s kitch appliances & quartz countertops, main bathroom redone, ensuite powder room redone, new flooring throughout, new paint throughout, new blinds throughout. Roof is 9 yo, furnace is 12, hw tank is 4, wash/dryer are 2. Schools, shopping, recreation, Hwy 1 & Lougheed very close. Check the virtual tour! OPEN HOUSE: Feb 23, 2-4
Read

The Canadian economy slowed to 0.1% in the fourth quarter of 2019, owing to a decrease in business investment and weak trade. Offsetting these declines were increased household spending. GDP growth ended 2019 with 1.6 per cent, a deceleration from the 2 per cent growth reported in 2018. 

We expect growth in the Canadian economy to continue to slow in the first part of 2020, as temporary factors (CN rail strike and COVID-19) and permanent factors (auto plant shutdowns) work their way through the economy.  



Copyright British Columbia Real Estate Association. Reprinted with permission.


Read

Seasonally-adjusted Canadian retail sales were unchanged in December at $51.6 billion, after rising 1.1% in November. Higher sales at building material and garden equipment stores, and at food and beverage stores more than offset lower sales at auto dealers and gas stations. Sales were up in 7 of 11 sub-sectors, representing 49% of retail sales. 

Regionally, 8 of 10 provinces reported monthly increases in December. Notable increases were reported in Saskatchewan (2%) and Alberta (1%). In contrast, retail sales were down in Quebec (-1.4%).

In B.C., seasonally-adjusted retail sales rose by 0.1% to $7.3 billion in December. Increased sales were reported in the majority of sub-sectors with the exception of building material and garden equipment stores, as well as at auto dealers and gas stations. Meanwhile, Vancouver reported a monthly decrease of 1.1% in sales. Compared to the same time last year, B.C. retail sales were up by 1.5% in December.



Copyright British Columbia Real Estate Association. Reprinted with permission.


Read

Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 2.4 per cent in January year-over-year, following a 2.2 per cent increase in December. Excluding the impact of higher gasoline prices, national CPI rose by 2.0 per cent year-over-year. The rise in gas prices in January were largely a function of concerns over global oil supplies in response to international political events. The Bank of Canada's three measures of trend inflation fell to average 2.0 per cent in January.

In B.C., CPI grew to 2.3 per cent year-over-year, above last month's increase of 2.1 per cent. Notable increases in prices were for gas and alcohol, tobacco and cannabis. In contrast, prices for household furnishings fell. 

Although the Bank of Canada has noted that inflation has been close to its target, the Bank will likely continue its cautious approach and look for major deterioration in other key economic indicators before deciding on a course of action at their next  interest rate announcement in March.



Copyright British Columbia Real Estate Association. Reprinted with permission.




Read

Open House. Open House on Sunday, February 23, 2020 2:00PM - 4:00PM

Please visit our Open House at 2064 CONCORD AVE in Coquitlam.
Open House on Sunday, February 23, 2020 2:00PM - 4:00PM
LOVELY 5 bed, 3 bath, 2630 sq ft rancher w/carport & full basement on CUL DE SAC. Private & green setting w/lots of trees, gardening spots & patios/decks. All rooms nicely finished & well-maintained! Bright kitchen w/eating area. Din, liv room & mstr bedroom have great views w/access to 53' deck. Wood-burning fireplace in living room & rec room below! Rec room has its own entrance & kitchenette, add stove to make full kitchen & rent as 1 or 2-bed suite! UPDATES: s/s kitch appliances & quartz countertops, main bathroom redone, ensuite powder room redone, new flooring throughout, new paint throughout, new blinds throughout. Roof is 9 yo, furnace is 12, hw tank is 4, wash/dryer are 2. Schools, shopping, recreation, Hwy 1 & Lougheed very close. Check the virtual tour! OPEN HOUSE: Feb 23, 2-4
Read

I have sold a property at 7394 BRANDYWINE PL in Vancouver

I have sold a property at 7394 BRANDYWINE PL in Vancouver.
This home offers a great floor plan, an amazing fully fenced yard and a wonderful location in the upgraded Parklane complex. Currently with 2 very spacious bedrooms and big den, this floor plan can be modified for 3 or even 4 bedrooms and an additional bath. With over 2000 square feet on 3 levels this townhome is large and with its unfinished basement has the option for a family room, bathroom and 4th bedroom. Well maintained Parklane has recently been upgraded with new siding, doors and windows for years of carefree maintenance. It’s only minutes walk to downtown bus connections, parks and shopping. Come visit the Champlain Heights and discover it's quiet charm. A family complex with heated outdoor pool.
Read

Vancouver, BC – February 13, 2020. 


The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January 2019. The average MLS® residential price in BC was $725,370, a 9.1 per cent increase from $664,633 recorded the previous year. Total sales dollar volume in January was $3.2 billion, a 35 per cent increase over 2019.

“Housing markets in BC are off to a strong start in 2020,” said BCREA Chief Economist Brendon Ogmundson. “We expect a much more typical year of home sales in 2020 as markets recover from the policy-induced slowdown of the past two years.”

Total MLS® residential active listings fell 12.6 per cent to 25,790 units compared to the same month last year. The ratio of sales to active residential listings increased to 17.2 per cent from just 12.1 per cent last January. 

“While many markets are showing strong signs of recovery, the struggling forestry sector is having a clear impact on housing demand, particularly in the North and parts of Vancouver Island,” added Ogmundson.



Copyright British Columbia Real Estate Association. Reprinted with permission.


Read

Open House. Open House on Sunday, February 16, 2020 2:00PM - 4:00PM

Please visit our Open House at 2064 CONCORD AVE in Coquitlam.
Open House on Sunday, February 16, 2020 2:00PM - 4:00PM
LOVELY 5 bed, 3 bath, 2600 sq ft, rancher w/carport & full basement on CUL DE SAC. Private & green setting w/lots of trees & gardening spots. All rooms nicely finished & well-maintained! Bright kitchen w/eating area. Din, liv room & mstr bedroom have great views w/access to 53' deck. Wood-burning fireplace in living room & rec room below! Rec room has its own entrance & kitchenette, add stove to make full kitchen & full 1 or 2-bed suite! UPDATES: s/s kitch appliances, cabinets & quartz countertops, main bathroom totally redone, new flooring throughout, new paint throughout, new blinds throughout. Roof is 9 yo, furnace is 12, hw tank is 4, washer/dryer are 2. City zoning allows for house up to 3200 sq ft. Schools, shopping, recreation & BOTH hwys very close! Check the virtual tour!
Read

New property listed in Cape Horn, Coquitlam

I have listed a new property at 2064 CONCORD AVE in Coquitlam.
LOVELY 5 bed, 3 bath, 2600 sq ft, rancher w/carport & full basement on CUL DE SAC. Private & green setting w/lots of trees & gardening spots. All rooms nicely finished & well-maintained! Bright kitchen w/eating area. Din, liv room & mstr bedroom have great views w/access to 53' deck. Wood-burning fireplace in living room & rec room below! Rec room has its own entrance & kitchenette, just needs stove to make full kitchen & convert to 1 or 2-bed suite! UPDATES: s/s kitch appliances, cabinets & quartz countertops, main bathroom totally redone, new flooring throughout, new paint throughout, new blinds throughout. Roof is 9 yrs old, furnace is 12, hot water tank is 4, washer/dryer are 2. City zoning allows for house up to 3200 sq ft. Schools, shopping, recreation & BOTH highways very close!
Read

Canadian housing starts increased by 8.8% m/m in January to 213,224 units at a seasonally adjusted annual rate (SAAR). The increase was led by Ontario and Quebec. The trend in national housing starts fell, averaging about 211,000 units SAAR over the past six months. 

In BC, housing starts fell by 39% m/m to 26,237 units SAAR, which follows last month's strong reporting of 42,864 units. The last time provincial sales were this low was May 2015. The inclement weather in the province likely delayed starts for many projects so we could expect a pick-up in the following months. Compared to the same time last year, provincial starts were down by 39%.  

Looking at census metropolitan areas in BC: 

- Housing starts in Vancouver were down by 53% in January to 12,927 units SAAR. Compared to last year in January, housing starts were down by 49%. The decline was largely due to a contraction in the volatile multi-unit segment (-54%), though singles were also down (-21%).  

- In Victoria, housing starts were down by 79% m/m to 698 units SAAR, entirely driven by the multi-unit segment. Compared to a year ago in January, housing starts were down by 76%.  

- In Kelowna, housing starts increased by 77% m/m to 1,610 units SAAR, following low levels reported in the previous month. The increase was due to the multi-unit segment. Year-over-year starts were down by 62% in the region. 

- Monthly housing starts in Abbotsford-Mission were up by 20% at 3,000 units SAAR. Multi-unit starts were up 29%, while singles were down by 37% in the region. Compared to the same time last year, new home construction was up by 270%.  



Copyright British Columbia Real Estate Association. Reprinted with permission.



Read

Another good news report on the Canadian employment front. January reported an increase of 35,000 jobs (0.2%), adding to the increase reported in the previous month. This brought the national unemployment rate down from 5.6% in December to 5.5% in January.


Regionally, increases were primarily in Quebec (19,000), Manitoba (6,500) and New Brunswick (4,600). In contrast, employment was down in Alberta (-19,000). January's increase was entirely driven by full-time work with gains in manufacturing, construction and agriculture, while the services sector saw little change. Compared to the same month last year, Canadian employment is up by 1.4%.   

Meanwhile, employment in BC rose by 3,400 jobs (0.1%) in January, following last month's decline of 6,300 jobs. Part-time work was the main driver of the increase. By industry, employment gains were reported in just under half of the sub-sectors, led by manufacturing and trade. The provincial unemployment rate fell by 0.3 percentage points to 4.5%. Compared to one year ago, employment in BC is down by 0.1% (1,500) jobs.



Copyright British Columbia Real Estate Association. Reprinted with permission.





Read

Home sale and price activity remained steady in Metro Vancouver* to start 2020 while home listing activity declined in January:


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019.


Last month’s sales were 7.3 per cent below the 10-year January sales average. “We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” Ashley Smith, REBGV president said. “Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.”


There were 3,872 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2020. This represents a 20.1 per cent decrease compared to the 4,848 homes listed in January 2019 and a 143.8 per cent increase compared to December 2019 when 1,588 homes were listed.


Last month’s new listings were 17.4 per cent below January’s 10-year average. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,617, a 20.3 per cent decrease compared to January 2019 (10,808) and a 0.2 per cent increase compared to December 2019 (8,603), and is 13.7 per cent below the 10-year January average.


For all property types, the sales-to-active listings ratio for January 2020 is 18.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 22.6 per cent for townhomes, and 23.9 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 $1,008,700. This represents a 1.2 per cent decrease over January 2019, a 1.4 per cent increase over the past six months, and a 0.8 per cent increase compared to December 2019.


Sales of detached homes in January 2020 reached 439, a 29.5 per cent increase from the 339 detached sales recorded in January 2019. The benchmark price for detached properties is $1,431,200. This represents a 1.7 per cent decrease from January 2019, a one per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019.


Sales of apartment homes reached 814 in January 2020, a 45.6 per cent increase compared to the 559 sales in January 2019. The benchmark price of an apartment property is $663,200. This represents a one per cent decrease from January 2019, a 1.5 per cent increase over the past six months, and a one per cent increase compared to December 2019.


Attached home sales in January 2020 totalled 318, a 55.1 per cent increase compared to the 205 sales in January 2019. The benchmark price of an attached unit is $782,500. This represents a 0.7 per cent decrease from January 2019, a 1.6 per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019. 



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



Copyright British Columbia Real Estate Association. Reprinted with permission.


Read

I have sold a property at 35 21150 76A AVE in Langley

I have sold a property at 35 21150 76A AVE in Langley.
Located in quaint part of Yorkson neighbourhood, HUTTON Town home! Duplex Style almost new like condition unit with 1,582 sq.ft, 3 bed + 2.5 bath Backs onto Ellens Park & convenient street parking. Featuring wide-plank laminate flooring, beautifully finished kitchen with stainless appliances, gas range, elegant shaker cabinetry, quartz counters, island with eating bar, 2 pc. powder room & spacious 9' ceilings. facing patio off main level overlooks park and has gas hook-ups. 3 bedrooms up including master with spa inspired en-suite & his/hers dual under-mount sinks, & additional full bath. Close to HWY 1, shopping and schools. MUST SEE!
Read

The Canadian economy grew by 0.1% in November, offsetting most of the decline in October. Driving the increase were the construction industry (0.5%) and utilities (2.1%) where inclement weather in central Canada drove up demand (2.1%). 

There were gains in 15 of 20 industries, where retail trade recouped some of the loss reported in October, led by increases at auto dealers. Meanwhile, activity at stores typically associated with Black Friday were mixed. In contrast, decreases were reported in wholesale, transportation (due to an eight-day strike), and in the mining and oil sector (due to the temporary closure of a Potash mine). 

Activity at offices of real estate agents and brokers increased 1.3% in November, rising for the ninth consecutive month. The increase was due to higher housing resale activity in Montreal, Toronto and Vancouver.

We expect growth in the Canadian economy to slow down in the fourth quarter to 0.5% after posting moderate growth in the previous quarter. One factor to look out for is the transitory impact on growth of the coronavirus both in Canada and abroad.



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.