I have sold a property at 2306 525 FOSTER AVE in Coquitlam.
Brand new, 1 bedroom, VIEW condo in Lougheed Heights by Bosa Properties. Innovative design & modern living featuring a European inspired kitchen that boasts a gas cooktop, Euro appliances, engineered stone countertops, a gas cooktop, stainless under mount sink & stylish task lighting. There is modern seamless wood (laminate) flooring throughout the main living areas & handset porcelain floor tiles in the bath. The bathroom has an upgraded stand alone shower & a custom vanity cabinet w/sliding mirror. Over 24,000 sq.ft. of social & health focused space includes an outdoor pool, outdoor fireside lounge w/ loungers & cabanas, BBQ area, music rooms, fitness centre, basketball & hockey sport court, sauna, & steam room. The bldg comes w/a furnished guest suite & concierge. GST included.
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I have sold a property at 9711 FINN RD in Richmond.
Lovely, circa 1910 , HERITAGE home nestled amongst 5.42 Acres of Agricultural Land just 25 minutes to downtown Vancouver. This 3577 sq.ft. home features 4 spacious bedrooms on the top level with a spacious ensuite bath. The main living area boasts original hardwood floors in the dining and living rooms, many original features from 1910, and a spacious family room with a wood burning stove. There is a lovely large SW facing deck off the family room overlooking farmland and mature landscaping. This home presents an exceptional opportunity for those who appreciate Heritage homes and would like to renovate this beauty. Viewings BY APPT ONLY.
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Condominium Home Owners’ Association of British Columbia

Leadership, Education and Resources for strata corporations in BC

Website: www.choa.bc.ca / Toll-free: 1.877.353.2462



Information Release

STEPS TAKEN TO REDUCE INSURANCE COSTS A POSITIVE MOVE FOR BC’S STRATA COMMUNITY

NEW WESTMINSTER –


BC’s strata community has been struggling with rising insurance premiums and astronomical deductibles for several months. The changes announced by the provincial government earlier today takes the steps needed to address this crisis. Ending referral fees paid to strata managers, requiring brokers to disclose the amount of their commissions, clarifying insurance terms and reporting plus limiting the ability for a strata corporation to use existing loopholes to avoid completing a depreciation report all work together to provide BC strata corporations with the ability to better manage their risk.

The Condominium Home Owners Association of BC (CHOA) applauds today’s announcement and supports this government’s move to table legislation amending the Strata Property Act and the Financial Institutions Act, specifically targeted at assisting BC’s strata community and acknowledging the insurance crisis faced by many BC strata corporations. Eliminating commissions to strata managers offers a greater level of transparency for strata corporations when renewing their insurance policy. Added to this are greater risk management measures, allowing for better long term planning in a strata corporation.

“The proposed elimination of commissions paid to parties providing strata management services is a critical step in addressing the high level of commissions and fees being incurred on policy renewals, many of which are undisclosed to the strata corporations.” said Tony Gioventu, CHOA Executive Director. “The proposed amendments that enable new regulations to address insurance risk and depreciation reports is a positive step towards managing risk, allowing strata corporations to focus on their long term planning in response to the dramatic increases in the insurance market” he added.

CHOA looks forward to working with the provincial government to put these much needed changes in place.

The Condominium Home Owners Association (CHOA) is a non-profit association that assists the entire strata industry throughout BC. CHOA promotes the interests of strata property owners by providing advisory services, education, resources, and support for its members and the strata community at large. For more information visit the CHOA website at: www.choa.bc.ca

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I have listed a new property at 1007 289 ALEXANDER ST in Vancouver.
Fabulous TOP FLOOR, NorthEast facing work/live loft @ the Edge. This concrete and brick home features soaring 16-18' ceilings and boasts expansive VIEWS of the North Shore mountains, Burrard Inlet WATER views, Port of Vancouver and city. Other features include a covered balcony, a gas fireplace, 2 bathrooms with a powder room on the main and a 4 piece ensuite above with insuite laundry. The building features a 7000 sq.ft. amenity area that includes a woodworking shop, a metal shop, band/music room, a gym, pottery studio and so much more. This is your chance to re- create this modern space that suits your personality and your desires. Pets and rentals are welcome. By appointment only. The Edge, a highly sought after building in a vibrant eclectic neighbourhood; You'll love it!
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The May 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.


  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.



DOWNLOAD VANCOUVER EAST & WEST

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I have listed a new property at 2306 525 FOSTER AVE in Coquitlam.
Brand new, 1 bedroom, VIEW condo in Lougheed Heights by Bosa Properties. Innovative design & modern living featuring a European inspired kitchen that boasts a gas cooktop, Euro appliances, engineered stone countertops, a gas cooktop, stainless under mount sink & stylish task lighting. There is modern seamless wood (laminate) flooring throughout the main living areas & handset porcelain floor tiles in the bath. The bathroom has an upgraded stand alone shower & a custom vanity cabinet w/sliding mirror. Over 24,000 sq.ft. of social & health focused space includes an outdoor pool, outdoor fireside lounge w/ loungers & cabanas, BBQ area, music rooms, fitness centre, basketball & hockey sport court, sauna, & steam room. The bldg comes w/a furnished guest suite & concierge. GST included.
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Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March.


The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019.


"Home prices have been stable during the COVID-19 period," Colette Gerber, REBGV Chair said. "While we’re seeing a variety of long-term projections for the market, it's critical to understand the facts and trends as they emerge."


Residential home sales in the region totalled 1,485 in May 2020, a 43.7 per cent decrease from the 2,638 sales recorded in May 2019 and a 33.9 per cent increase from the 1,109 homes sold in April 2020.

Last month’s sales were 54.4 per cent below the 10-year May sales average.


"Home sale and listing activity is down compared to typical, long-term levels and up compared to the activity we saw in April 2020," Gerber said. "Home buyers and sellers are adapting today, becoming more comfortable operating with the physical distancing requirements that are in place in the market."


There were 3,684 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2020. This represents a 37.1 per cent decrease compared to the 5,861 homes listed in May 2019 and a 59.3 per cent increase compared to April 2020 when 2,313 homes were listed.


"Home buyers and sellers are working with their REALTORS® to use new tools to complete different stages of the real estate transaction virtually," Gerber said. “When in-person interactions are necessary, we’re working with our clients to follow the physical distancing requirements set out by WorkSafeBC and the provincial health officer."


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,927, a 32.4 per cent decrease compared to May 2019 (14,685) and a 5.7 per cent increase compared to April 2020 (9,389).


For all housing types, the sales-to-active listings ratio for May 2020 is 15 per cent. By housing type, the ratio is 13.5 per cent for detached homes, 18.9 per cent for townhomes, and 14.8 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.


Sales and benchmark prices by property type


Sales of detached homes in May 2020 reached 534, a 41.5 per cent decrease from the 913 detached sales recorded in May 2019. The benchmark price for detached properties is $1,456,700. This is a 0.3 per cent increase from April 2020, a 2.2 per cent increase over the past three months, and a 2.9 per cent increase compared to May 2019.


Sales of apartment homes reached 653 in May 2020, a 47.6 per cent decrease compared to the 1,246 sales in May 2019. The benchmark price of an apartment home is $686,500. This is a 0.3 per cent decrease from April 2020, a 0.9 per cent increase over the past three months, and a three per cent increase compared to May 2019.


Attached home sales in May 2020 totalled 298, a 37.8 per cent decrease compared to the 479 sales in May 2019. The benchmark price of an attached home is $792,700. This is a 0.2 per cent increase from April 2020, a 1.2 per cent increase over the past three months, and a 1.8 per cent increase compared to May 2019.



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I have sold a property at 7541 GARNET DR in Sardis.
Welcome to your new home. This centrally located rancher backs onto a creek for lots of privacy and is walking distance shopping. The home has 2 bedrooms and 2 full baths, a huge living room, good size eat-in kitchen. New cloths washer & Dishwasher, 35 year roof installed in 2008. The double garage will easily fit 2 cars and lots of parking on the driveway. Super clean and ready for you!
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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.