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REBGV Chair Colette Gerber provides a summary of the December 2020 housing market statistics.  

Recently my clients Jenna and Gio have purchased a townhouse built by Mosaic and been more than happy with their purchase after their move in. I live in a townhouse complex built by Mosaic myself and I love the communities that the developer has built over the years. Here is an article featured on Vancouver Sun about how Jenna thought about the overall quality and design of the newest townhouse community by Mosaic in Pitt Meadows. If you are thinking about buying into a new townhouse development, I highly recommend Mosaic for their products and customer service!   https://vancouversun.com/homes/buying-selling/the-right-fit-townhomes-at-mosaics-bonson-offer-a-little-oasis/wcm/a3b96bff-0248-4b4b-802c-5cc04f0918c0/

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  Metro Vancouver’s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,524 in March 2020, a 46.1 per cent increase from the 1,727 sales recorded in March 2019, and a 17.4 per cent increase from the 2,150 homes sold in February 2020. Last month’s sales were 19.9 per cent below the 10-year March sales average. "The first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common. Like other aspects of our lives, this changed as concerns over the COVID-19 situation in our province grew." Ashley Smith, REBGV president Daily residential sales on the region’s MLS® were 138 on average in the first ten business days of the month. In the final ten business days of the month, the daily average declined to 93 sales. “Many of the sales recorded in March were in process before the provincial government declared a state of emergency. We’ll need more time to pass to fully understand the impact that the pandemic is having on the housing market,” Smith said. “In recent weeks, REALTORS® have been working to help and guide their clients through this uncertain period. Many people have understandably chosen to put their home buying or selling plans on hold for now. Other people have more urgent housing needs and we’re trying to work with them to address these needs in the safest and most responsible way possible.” There were 4,436 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2020. This represents a 10.4 per cent decrease compared to the 4,949 homes listed in March 2019 and a 10.8 per cent increase compared to February 2020 when 4,002 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,606, a 24.8 per cent decrease compared to March 2019 (12,774) and a 4.5 per cent increase compared to February 2020 (9,195). “Realtors were named among the province’s list of essential services last week,” Smith said. “This means that we have a responsibility to do what we can to help residents meet their housing and shelter needs while strictly following the most up-to-date public health orders and physical distancing requirements from our health officials and government agencies.”   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 $1,033,700. This represents a 2.1 per cent increase over March 2019, and a 1.3 per cent increase compared to February 2020. Sales of detached homes in March 2020 reached 852, a 61.1 per cent increase from the 529 detached sales recorded in March 2019. The benchmark price for detached properties is $1,450,700. This represents a 0.7 per cent increase from March 2019, and a 1.2 per cent increase compared to February 2020. Sales of apartment homes reached 1,179 in March 2020, a 35.1 per cent increase compared to the 873 sales in March 2019. The benchmark price of an apartment property is $687,000. This represents a 2.9 per cent increase from March 2019, and a 1.4 per cent increase compared to February 2020. Attached home sales in March 2020 totalled 493, a 51.7 per cent increase compared to the 325 sales in March 2019. The benchmark price of an attached unit is $791,800. This represents a 2.5 per cent increase from March 2019, and a 0.9 per cent increase compared to February 2020.   * 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.

Hi Everyone, New developments are emerging every day. Here is the latest real estate news from the Real Estate Council. We’re working to provide you with the most up-to-date information in as timely a way as possible. Please continue to follow our communications. Please see the link below to see the details!   https://www.youtube.com/watch?v=tklKApyU_sE&feature=youtu.be&_cldee=am9zZXBoQGpvc2VwaGhvbWVzLmNh&recipientid=contact-3a8657550b77e811a95b000d3af49211-18074b997647462898a6c4ad9a291995&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Newsflash&esid=6dfc78eb-826f-ea11-a811-000d3af45c52

I hope everyone is staying safe and healthy at this time. Your well-being is our top priority and we know that this is a difficult time that needs a lot of hope and positivity.  With all the news surrounding Coronabvirus, I would like to communicate to you about what we are doing to deliver accurate information and reputable sources to ensure your health and safety.  We will continue to follow recommendations from the BC Center for Disease Control, BC Government, and local authorities as this situation develop.  You can click this link Canada Services to get educated and learn how to protect your self.  Fortunately, we live in an age where we are able to leverage technology as a means to continue conducting a majority of our business.  If you need real estate services such as selling, buying, and showings, we will make every effort to accommodate private, in-person showings and Facetime tours for your convenience.  Also below is services which the Government has proposed to help endure this difficult time. I hope it helps.  I am here 24/7 open to any questions, so feel free to reach out anytime.  How to apply for COVID-19 government relief The federal and provincial governments are providing emergency aid for individuals and small businesses to help them weather the economic impacts of the COVID-19 pandemic.To help members during this crisis, we’ve compiled a list of all the aid available to you with instructions on how to apply. Keep in mind, this situation is evolving quickly. More information on these measures and further economic relief will come soon. Federal emergency support benefit The government is offering an emergency support benefit for workers who lose their jobs and don’t qualify for EI. How to apply: This benefit won’t be available until early April. We’ll provide more details as they become available. Federal emergency care benefit This benefit provides $900 bi-weekly flat payment for up to 15 weeks to workers who are: quarantined or sick with COVID-19 but don’t qualify for EI; taking care of a family member who is sick with COVID-19 but don’t qualify for EI; or parents with children who need supervision due to school or daycare closures and can’t earn employment income. How to apply: The benefit will be available in April. If you meet the eligibility requirements, you’ll need to re-attest every two weeks to continue receiving the benefit. You can apply by: accessing it on your CRA MyAccount portal; accessing it from your My Service Canada Account; or calling a toll-free number coming in April. Provincial emergency benefit The BC government announced a one-time, tax-free, $1,000 supplemental benefit to the above two federal benefits. How to apply: The government is currently setting up the system to provide this benefit and is planning to launch it in May. More information on the application process and eligibility will become available in the coming weeks. Business Credit Availability Program (BCAP) The Business Development Bank of Canada (BDC) and Export Development Canada (EDC) are offering relief measures, including: working capital loans of up to $2 million with flexible terms and payment postponements for up to six months for qualifying businesses; postponement of payments for up to six months, free of charge, for existing BDC clients with total BDC loan commitment of $1 million or less; and reduced rates on new eligible loans. Additional details about BCAP measures, including industry specific support, will be announced in the coming days. How to apply: If you’re already a BDC client, contact your account manager. Otherwise, you can call 1-877-232-2269. Temporary wage subsidy Employers that are eligible for the small business deduction will also be eligible for a temporary, three-month wage subsidy program. The subsidy will be equal to 10 per cent of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. How to apply: Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration. Individual tax deferment The Canada Revenue Agency (CRA) is deferring the 2019 tax filing date for both individuals and certain trusts.The CRA will allow all taxpayers to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18, 2020 and before September 2020.For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.For trusts having a taxation year ending on December 31, 2019, the return filing due date will be deferred until May 1, 2020. Business tax deferment The CRA is deferring the 2019 tax filing date for businesses.The CRA will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18, 2020 and before September 2020. No interest or penalties will accumulate on these amounts during this period. Provincial tax deferment Businesses with a payroll over $500,000 can defer their employer health tax payments until Sept. 30, 2020.As well, payment deadlines for the provincial sales tax, motor fuel tax, carbon tax, and others have been extended until Sept. 30, 2020. Business school tax cut Business as well as light- and major-industry property classes will see their school tax cut in half. The government expects that landlords will immediately pass these savings on to their tenants in triple-net leases. Bill payment deferment The provincial government is working with BC Hydro and ICBC to allow bill payment deferment. ICBC is extending deferrals to up to 90 days. People dealing with job loss, illness or loss of wages due to COVID-19 may also qualify for BC Hydro’s Customer Crisis Fund grant program for up to $600. Mortgage Support  The Canada Mortgage and Housing Corporation (CMHC) and other mortgage insurers offer tools to lenders that can assist homeowners who may be experiencing financial difficulty.   These include payment deferral, loan re-amortization, capitalization of outstanding interest arrears and other eligible expenses, and special payment arrangements.  You can postpone your mortgage payments for up to 6 months, however, interest will be accruing which means it will add a few bucks to your monthly payments after the deferral has finished.   Here are numbers you can call for Mortgage Payment Relief  Scotia Bank: 1-800-472-6842  TD Bank: 1-866-222-3456  BMO:1-877-895-3278  CIBC: 1-800-465-2422  Royal Bank: 1-800-769-2511  Manulife: 1-877-765-2265  MCAP: 1-800-265-2624 

How severe will the COVID-19 impact the economic activity and BC housing market? Nobody knows how it will impact the BC Economy and more specifically the BC housing market. The outbreak is occurring at a time in which the BC Housing markets have been picking up from a slow down in activity. As we saw from the Market analysis and updates, the growth in home prices has been strong due to a lack of inventory. However, it is unknown how the outbreak will unfold and impact the economy in the long term as BC is facing a sudden stop to all economic activity at this time. A Study based on how things are turning right now, analysts state that BC home sales and prices will likely face a decline in the spring and early summer but should recover in the second half of the year as the outbreak resolves. The falling interest rates will also be muted due to postponed change to the mortgage stress rate which was originally slated for April 6, 2020. The most important point to remember is that no matter how unusual and concerning it is now, it will pass and the economy and housing market will return to health.

FEBRUARY MARKET UPDATE! Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace. This was most pronounced in the condominium market. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,020,600. This represents a 0.3 per cent increase over February 2019 and a 2.7 per cent increase over the past six months.   Let's keep an eye out on the moving market! [embed]https://youtu.be/XtSl-GOq1Jw[/embed]

While fruits are considered a healthy choice for humans, that’s not the case for our furry canine friends, who have different dietary needs. Aside from the relatively high sugar content, there are some fruits that can be enjoyed moderately or some that might cause your dog to become sick. If you’re considering feeding your dog fruit, we strongly recommend talking to your veterinarian first. Below are some fruits your dog can enjoy with great health benefits! 1.Ensure the fruit they’re about to eat is thoroughly washed. 2.Make sure stems, seeds, pits, peels and rinds are removed, and that pieces are bite-sized and easy to chew. 3.Fruit should always be fresh (some fruits can be frozen as a treat to help cool your doggo down), and never canned in syrup  

Assignment at The Wyatt in the developing Willoughby Heights! Beautiful 2 Bed 2 Bath 2 Parking Corner Unit! This modern and spacious, light filled interior features kitchen with a large quartz countertops, tile backsplash, and sleek s/s appliances. Upgrades include custom closets in bedrooms and laminate flooring throughout in all bedrooms. This is truly a great investment in a great location with easy access to Trans- Canada highway, Carvolth Exchange, endless restaurants, schools, shops at Willowbrook Center and beyond. Incredible value! Completion estimated end of 2020.

Fantastic opportunity to own this unit facing the park in the spectacular Yorkson Park West built by Quardra Homes. Private Corner End unit with no other suite around. Steps away from Carvolth Park + Ridge, this 2 bed/2 bath + storage unit comes with a 191 sqft retractable glass solarium (including gas connection for BBQ); perfect for year round entertaining. Gourmet stainless steel appliances (including 5 burner gas cooktop + double oven), quartz countertops, energy efficient heat pump (AC + heat), wood closet system, sound dampening acoustic package, heated bathroom tile floors + so much more! 2 underground pkg. stalls + private storage garage (with own electrical outlet, capable for car charger!) low strata fees include gas, fitness room, lounge and play room. Approximate Completion: April 2021  

"I want to try the impossible to show it can be done" as Terry Fox said. Let us make this come true by nominating Terry- the hero to be the face of the $5 Bill. As residents of Port Coquitlam and hometown of Terry Fox, we are hopeful that many Canadians will actively participate in this campaign and mark its 40th anniversary to recognize his great cancer research legacy. This open call for nominations is another great opportunity to highlight the many stories of heroes, sometimes unsung ones, who have helped shape the Canada we live in today. I hope this process sparks conversations and encourages us all to learn more about our great country and its remarkable people. The new $5 bill is expected to be in circulation in three or four years. You can support this by going to bankofcanada.ca/banknoteable

Congratulations to my client on his purchase of this brand new luxury home in Fraser Heights, Surrey! Through years of hard work and smart real estate investments, he is now a proud owner of this dream home and a landlord! Yes! Hard work pays off. Anybody can own a home in Greater Vancouver area if he or she sets up a goal and work hard towards it. If you want to start planning now, call Joseph and find out how you can make your dream come true! I can't wait for the house warming party! Welcome to "The Village in Fraser Heights." This home blends modern and luxury at its finest and is built by the award winning, "DVL HOMES." This home features Engineered Hardwood flooring throughout, extensive use of custom mill work, Sound proof flooring system, Exterior natural vineer stone, 10' ceilings on main, Air Conditioning and much more! Upstairs features 4 spacious bedrooms with 3 full washrooms perfect for any growing family. Main floor evokes an ambiance of luxury with HIGH END S/S appliances, Oversize Quartz Island, Modern light fixtures throughout, and a Home office off the main. Basement is fully equipped with a LEGAL 1 bedroom basement suite and a dry bar! This is truly a MUST SEE!

Come by our Open House Saturday and Sunday, January 25/26, 2-4PM! . 304-85 Eigth Ave, New Westminster . 🛌1 Bedroom + Spacious Den 🛀1 Bathroom 🚙1 Parking 🔐1 Storage Locker 💲449,000 . . Welcome to Eight West! This conveniently located 1 bdrm & den condo boasts a bright open layout with lots of large windows throughout and laminate flooring in the main area. The bedroom has his and her's closets and a cheater door into the piece bathroom. The spacious kitchen has granite counter tops, under cabinet lighting, stainless steel appliances and features an island so you have even more counter space. Fully covered balcony lets you garden or bbq all year round! Just steps away from all amenities including: Starbucks, Safeway, convenience stores, transit to Skytrain Stations, Queens Park etc. 1 parking stall & storage locker included, pets (no size rest.) & rentals allowed. OPEN HOUSE SAT/SUN, JAN 25/26, 2-4PM.

BEST LOCATED END UNIT IN FREMONT COMPLEX WITH 2BED+DEN AND 3 FULL BATHS! Beautiful Corner unit with private fenced yard is situated beside Dominion Park, Playground, and on a private lane with no traffic. Ground floor featuring large Den used as 3RD BEDROOM and a Full Bathroom with shower, is perfect for teenage children. Entire unit is NEWLY PAINTED. Enjoy views of Mt. Baker, River, and Park from all levels. Riverclub amenities offers lounge, pool, gym, and community garden! Within walking distance to Walmart, Costco, other big box stores and major banks! Access #1Hwy in 7min via Mary Hill Bypass, take bus in front of the complex to Coquitlam Skytrain Stn. Walk along Traboulay Trail and stop by local brewery for beer! Close to all levels of schools, pet friendly and rentals ok! Congratulations to my sellers and new owners of this beautiful corner unit townhome located just beside Dominion Park @fremontvillage 🥳 I am the best realtor to sell or buy with in Fremont Townhouses and Condos @fremontvillage in Port Coquitlam - I can tell you prices and the differences in features of all sold and active units in the last 6 months from memory. - As one of the first residents in Fremont community since 2013, I can market your home to other people by explaining first-hand living experiences and community events and features that other realtors may not know. Contact me for a coffee anytime :)

Built by well-known developer Foxridge. One of the best-view location in the neighborhood. Bright South facing living room, kitchen & backyard with beautiful trees & Golf Course view. Kept like new. This well-designed house offers 4 bedrooms up & 1 bedroom down with big windows. Very functional layout and no waste of space. Basement above floor level. Congratulations to my buyers! My good past client of mine was able to purchase a beautiful house in Fleetwood located nearby a golf course for a great price during the holiday season. It is possible to find great deals during holiday seasons as the sellers can become more motivated to sell depending on their personal situations. I have helped this client with 7 transactions so far including their son's properties. Realtors bring their best performance when they have mutual trust between them and their clients. When a mutual trust is established, the realtor can help an entire family for many generations. It is so much more beneficial for consumers to have a family realtor as there is already a strong trust and relationship in place. If you want to work with a realtor who you can trust, contact Joseph for your all your real estate needs!

BEST LOCATED END UNIT IN FREMONT COMPLEX WITH 2BED+DEN AND 3 FULL BATHS! Beautiful Corner unit with private fenced yard is situated beside Dominion Park, Playground, and on a private lane with no traffic. Ground floor featuring large Den used as 3RD BEDROOM and a Full Bathroom with shower, is perfect for teenage children. Entire unit is NEWLY PAINTED. Enjoy views of Mt. Baker, River, and Park from all levels. Riverclub amenities offers lounge, pool, gym, and community garden! Within walking distance to Walmart, Costco, other big box stores and major banks! Access #1Hwy in 7min via Mary Hill Bypass, take bus in front of the complex to Coquitlam Skytrain Stn. Walk along Traboulay Trail and stop by local brewery for beer! Close to all levels of schools, pet friendly and rentals ok! If you would like to view this home or need more information on this home, please contact Joseph Chang!

Photos by James Shearer We have a fun event for families at Fremont Homes hosted by one of the residents and his co-workers! Meet your local first responders and emergency services in the park at Fremont, in Port Coquitlam. Kids are encouraged to dress up as their favourite hero and get pictures with fire fighters, police officers, search and rescue members, paramedics, and conservation officers. FREE to attend Free street parking is limited. Additional parking by Walmart Public transit stop: north/south bus stop on Fremont Connector at Seaborne Place, 25 metres away.

Metro Vancouver housing market sees summer uptick in sales According to the statistics released by Real Estate Board of Greater Vancouver, home buyer activity increased to more typical levels in Metro Vancouver throughout the summer months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,231 in August 2019, a 15.7 per cent increase from the 1,929 sales recorded in August 2018, and a 12.7 per cent decrease from the 2,557 homes sold in July 2019. Last month’s sales were 9.2 per cent below the 10-year August sales average. There were 3,747 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2019. This represents a 3.5 per cent decrease compared to the 3,881 homes listed in August 2018 and an 18.8 per cent decrease compared to July 2019 when 4,613 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,396, a 13.3 per cent increase compared to August 2018 (11,824) and a 5.9 per cent decrease compared to July 2019 (14,240). For all property types, the sales-to-active listings ratio for August 2019 is 16.7 per cent. By property type, the ratio is 12 per cent for detached homes, 18.4 per cent for townhomes, and 21.2 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 $993,300. This represents an 8.3 per cent decrease over August 2018 and a 0.2 per cent decrease compared to July 2019. Sales of detached homes in August 2019 reached 706, a 24.5 per cent increase from the 567 detached sales recorded in August 2018. The benchmark price for detached homes is $1,406,700. This represents a 9.8 per cent decrease from August 2018 and a 0.7 per cent decrease compared to July 2019. Sales of apartment homes reached 1,116 in August 2019, an 8.9 per cent increase compared to the 1,025 sales in August 2018. The benchmark price of an apartment property is $771,000. This represents a 7.4 per cent decrease from August 2018 and a 0.1 per cent increase compared to July 2019. Attached home sales in August 2019 totalled 409, a 21.4 per cent increase compared to the 337 sales in August 2018. The benchmark price of an attached unit is $654,000. This represents a 7.8 per cent decrease from August 2018, a 0.2 per cent increase compared to July 2019.

103-15288 100 AVENUE, SURREY $328,000 2 BEDROOM / 1 BATHROOM 965 SQFT RENTALS ALLOWED LOCATION LOCATION LOCATION! Conveniently located in the heart of Guildford area, this WELL-KEPT, CLEAN 2 Bedroom Corner unit is a great opportunity for 1st time buyers and seasoned investors. Within walking distance to Guildford Shopping Centre, Walmart, T&T Supermarket, public transit, doctors' offices, and the list goes on. Access Hwy 1 in 5 minutes. RENOVATED KITCHEN is equipped with Stainless Steel Appliances. RENOVATED BATHROOM and NEW WINDOWS are installed in this unit. Extra windows in this corner unit bring in plenty of natural light into large living room and bedrooms. Functional and Spacious layout and in-suite storage room solve your storage problems. CASHFLOW! RENTALS ALLOWED.

LIKE-NEW STUNNING END UNIT 3 BED+DEN townhome in Walden in sought-after Willoughby Heights! Bright Corner unit features Open-concept layout with 9' ceiling, Chef's kitchen equipped with Gas stove, Quartz counter top, S/S appliances. BIG WINDOWS bring in natural light and Yorkson Creek Trail greenbelt right beside the unit gives you privacy and comfort. Upgrades include Engineered Hardwood flooring on Every floor in the Entire unit, Recessed Pot lighting in Living room. Solve your parking problems with spacious DOUBLE GARAGE AND 2 DESIGNATED PARKING STALLS just beside your unit for extra cars/boats/trailers! Conveniently located within minutes to Willoughby Town Centre, Hwy1, Costco, Carvolth Exchange, Langley Events Centre, and all levels of schools.

Identified as one of the Tri-Cities (Port Moody, Port Coquitlam & Coquitlam), Port Coquitlam has plenty of options from an adventurous day to a night out and family fun events! If you’re in town and need some ideas of what to do, look at this list for some inspiration. DVC Ventures Indoor Gun Range One of the few indoor gun ranges is here right in PoCo. If you want a little adrenaline, make sure to check out DVC Ventures Indoor Gun Range. Offering professional and helpful service to ensure your visit is safe, you’ll definitely have a fun time trying out this new experience. Website: http://www.vancouvergunrange.ca/ Location: Unit #201-1655 Broadway Street, Port Coquitlam, BC   The Giggle Dam Dinner Theatre Dinner and a show anyone? For 10 years, The Giggle Dam Dinner Theatre has been providing dinners with musical comedy, a live show band, celebrity impersonations, and overall great entertainment. Check out this unique experience with your friends or your family and buy tickets in advance. Website: http://www.giggledam.com/ Location: 2616 Shaughnessy St, Port Coquitlam, BC   Lions Park This park is perfect for a family-fun day with the kids. Lions Park offers a huge playground, a spray park area, and wide open areas for fun outdoor activities so you’ll have plenty of options for whatever your mood desires. Website: https://www.portcoquitlam.ca/park/lions-park/ Location: 2300 Lions Way, Port Coquitlam, BC   Blakeburn Lagoons Park Blakeburn Lagoons Park recently opened on April 28, 2018 and offers 1.6 kilometres of looped walking trails and beautiful scenery of the lagoon. Step into nature with varied ecological habitat zones, indigenous plants and trees, and make sure to check out this park. Website: https://www.portcoquitlam.ca/city-government/capital-projects/blakeburn-lagoons-park/ Location: 2900 Block, Elbow Pl, Port Coquitlam, BC   Carnoustie Golf Club Carnoustie Golf Club provides great value for your golf dollar with a mature course, exceptional greens and competitive rates. If you’re looking for an exciting day out that isn’t too tiring, try out this golf club! Website: https://carnoustiegolfclub.ca/ Location: 533 Dominion Ave, Port Coquitlam, BC   If you're interested in learning about the Port Coquitlam community and housing opportunities, contact Joseph Chang.

May sees modest increase in home sales while housing supply reaches five-year high Monthly Metro Vancouver home sales eclipsed 2,000 for the first time this year in May, although home buyer demand remains below historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,638 in May 2019, a 6.9 per cent decrease from the 2,833 sales recorded in May 2018, and a 44.2 per cent increase from the 1,829 homes sold in April 2019. Last month’s sales were 22.9 per cent below the 10-year May sales average and was the lowest total for the month since 2000. “High home prices and mortgage qualification issues caused by the federal government’s B20 stress test remain significant factors behind the reduced demand that the market is experiencing today,” Ashley Smith, REBGV president said. There were 5,861 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver last month. This represents an 8.1 per cent decrease compared to the 6,375 homes listed in May 2018 and a 2.1 per cent increase compared to April 2019 when 5,742 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,685, a 30 per cent increase compared to May 2018 (11,292) and a 2.3 per cent increase compared to April 2019 (14,357). This is the highest number of homes listed for sale since September 2014 (14,832). “Whether you’re a buyer looking to make an offer or a seller looking to list your home, getting your pricing right is the key in today’s market,” Smith said. “To be competitive, it’s important to work with your local REALTOR® to assess and understand the latest trends in your neighbourhood and property type of choice.” For all property types, the sales-to-active listings ratio for May 2019 is 18 per cent. By property type, the ratio is 14.2 per cent for detached homes, 20 per cent for townhomes, and 21.2 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 Index2 composite benchmark price for all residential homes in Metro Vancouver is currently $1,006,400. This represents an 8.9 per cent decrease over May 2018, a 3.4 per cent decrease over the past six months, and a 0.4 per cent decrease compared to April 2019. Sales of detached homes in May 2019 reached 913, a 1.4 per cent decrease from the 926 detached sales recorded in May 2018. The benchmark price for a detached home in the region is $1,421,900. This represents an 11.5 per cent decrease from May 2018, a 5.4 per cent decrease over the past six months, and a 0.5 per cent decrease compared to April 2019. Sales of apartment homes reached 1,246 in May 2019, a 12.9 per cent decrease compared to the 1,431 sales in May 2018. The benchmark price of an apartment property is $664,200. This represents a 7.3 per cent decrease from May 2018, a two per cent decrease over the past six months, and a 0.5 per cent decrease compared to April 2019. Attached home sales in May 2019 totalled 479, a 0.6 per cent increase compared to the 476 sales in May 2018. The benchmark price of an attached unit is $779,400. This represents a 7.6 per cent decrease from May 2018, a 3.5 per cent decrease over the past six months, and a 0.6 per cent increase compared to April 2019. Contact Joseph Chang to find out more specific market data and information about your home and area!

This spacious 6 bedroom/4 Bathroom house has the most sought-after layout perfect for everyday living and family gatherings. Wide open living room features 18ft vaulted-ceiling, engineered hardwood flooring throughout, and large windows to bring in plenty of natural light into the house. Open-concept gourmet kitchen is complete with oversized granite island, Kohler fixtures, and Electrolux appliance package. Outdoor deck overlooks beautifully landscaped south facing backyard and garden plot to plant your own vegetable. Upper level has a master Bedroom with walk-in closet and luxurious ensuite and 3 more spacious bedrooms. Bright Walk-out basement with separate entry is ready for income suite with roughed-in plumbing for kitchen and laundry (220v). Message me for a private tour of this gorgeous family home!

Reduced demand and increased supply remain the trend across Metro Vancouver’s housing market Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,829 in April 2019, a 29.1 per cent decrease from the 2,579 sales recorded in April 2018, and a 5.9 per cent increase from the 1,727 homes sold in March 2019. Last month’s sales were 43.1 per cent below the 10-year April sales average. “Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at the entry-level side of the market to struggle to secure financing,” Ashley Smith, REBGV president said. “Suppressing housing activity through government policy not only reduces home sales, it harms the job market, economic growth and creates pent-up demand.” There were 5,742 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2019. This represents a 1.3 per cent decrease compared to the 5,820 homes listed in April 2018 and a 16 per cent increase compared to March 2019 when 4,949 homes were listed. The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 14,357, a 46.2 per cent increase compared to April 2018 (9,822) and a 12.4 per cent increase compared to March 2019 (12,774). “There are more homes for sale in our market today than we’ve seen since October 2014. This trend is more about reduced demand than increased supply,” Smith said. “The number of new listings coming on the market each month are consistent with our long-term averages. It’s the reduced sales activity that’s allowing listings to accumulate.” The overall sales-to-active listings ratio for April 2019 is 12.7 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.4 per cent for townhomes, and 15.3 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 $1,008,400. This represents an 8.5 per cent decrease over April 2018, and a 0.3 per cent decrease compared to March 2019. Detached home sales totalled 586 in April 2019, a 27.4 per cent decrease from the 807 detached sales in April 2018. The benchmark price for a detached home is $1,425,200. This represents an 11.1 per cent decrease from April 2018, a 0.8 per cent decrease compared to March 2019. Apartment home sales totalled 885 in April 2019, a 32.3 per cent decrease compared to the 1,308 sales in April 2018. The benchmark price of an apartment is $656,900 in the region. This represents a 6.9 per cent decrease from April 2018 and is unchanged from March 2019. Attached home sales totalled 358 in April 2019, a 22.8 per cent decrease compared to the 464 sales in April 2018. The benchmark price of an attached home is $783,300. This represents a 7.5 per cent decrease from April 2018 and is unchanged from March 2019.

I am excited to announce that one of my listings is featured on HGTV.ca! The article talks about what $500k can buy throughout Canada and my listing represented the only property in Vancouver in the article. The property received a tremendous amount of views and exposure after it was presented in the article and it is now sold to a happy buyer! The Sellers of the property were having a difficult time trying to sell it with another real estate professional since last year. I was introduced to the Sellers by one of my past clients who were happy with my service and results. I gave the Sellers the right advice on pricing and the property is now sold and the Sellers are ecstatic about taking the next step in their lives and real estate goals. I am happy that I was able to help the Sellers achieve their goals and deliver a good service! Click HERE for the HGTV article https://www.hgtv.ca/real-estate/photos/what-500k-can-buy-in-canada-1927050/

What a blast! The 3rd Annual Easter Egg Hunt at Fremont Homes was a fun family event for all residents of Fremont Homes and friends. This year was the biggest turn out yet. The sunny weather really helped us to enjoy such a great event. The residents themselves volunteered to organize the event along with the Riverclub caretaker. Coffee and donuts were provided. It was a whole community effort to provide a fun memory and experience to all of the kids in Fremont Homes and their parents. When I moved into Fremont Homes community in 2013, there were only 48 units in the entire complex and construction was going on everywhere. Fast forward 6 years, we have grown to over 600 homes and thousands of wonderful residents. Big box stores and offices opened up nearby and there are so many restaurants in the area to choose from. Having Costco and direct transit to Coquitlam Central Skytrain Station is always convenient. Here is a video of the successful Easter egg hunt that was held on April 20th of 2019. Looking forward to a bigger one next year! FREMONT HOMES COMMUNITY 3RD ANNUAL EASTER EGG HUNT VIDEO from Creative Reserve on Vimeo.

UPTOWN 2 by Bosa located in the heart of Lougheed and Burquitlam! Lougheed and Burquitlam areas are one of the fastest growing communites in Greater Vancouver. With more than 20 condo towers planned and 3 skytrain lines meeting at Lougheed Town Centre Station, Burquitlam is the new network hub for public transportation. Lougheed Mall is planned and approved by the City of Burnaby to undergo massive renovation brining in more retail shops, restaurants, and offices. This Spacious Contemporary design 2 Bed/2Bed plus Den Corner unit features Unobstructed 180 degree Panoramic View to South. Gourmet chef's kitchen is equipped with high-end finishes including Quartz counters and backsplash, Soft-closing cabinetry, European S/S appliances, Gas stove, and a Large Window over the sink. Beautiful light wooden coloured wide-plank laminate flooring and gorgeous kitchen cabinets will flow with most of your furnitures. Enjoy BBQ on expansive 153 sqft balcony while enjoying views of mountains and city. Safeway is literally steps away right under the same building, walking distance to Lougheed Mall and Burquitlam Station for a 20 min Skytrain ride to Downtown, and 5 minute car ride to SFU. Close to all levels of schools and parks. School catchment are Mountain View Elementary School and Banting Middle School (French Immersion), and Port Moody Secondary School. Other French Immersion schools include Ecole Glenayre Elementary and Dr. Charles Best Secondary. 1 Underground parking stall and 1 underground storage locker are included in the purchase price. Pets and rentals are allowed. List price $739,900 Check out this beautiful cinematic tour of the property! Unit 2408 570 Emerson Street, Coquitlam for Joseph Chang | Real Estate 4K Ultra HD Video Tour from ONIKON Creative Inc on Vimeo. For more photos and information, please click HERE

Housing market conditions continue to favour home buyers The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019. Last month’s sales were 42.5 per cent below the 10-year February sales average. “For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted over the last 12 months to favour buyers, particularly in the detached home market,” Phil Moore, REBGV president said. “This means that home buyers face less competition today, have more selection to choose from and more time to make their decisions.” There were 3,892 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2019. This represents a 7.8 per cent decrease compared to the 4,223 homes listed in February 2018 and a 19.7 per cent decrease compared to the 4,848 homes listed in January 2019. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 11,590, a 48.2 per cent increase compared to February 2018 (7,822) and a 7.2 per cent increase compared to January 2019 (10,808). For all property types, the sales-to-active listings ratio for February 2019 is 12.8 per cent which means that we are on the border of a balanced market and buyer's market. Sales-to-active listings ratio below 12% is considered a buyer's market. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “Homes priced well for today’s market are attracting interest, however, buyers are choosing to take a wait-and-see approach for the time being,” Moore said. “REALTORS® continue to experience more traffic at open houses. We’ll see if this trend leads to increased sales activity during the spring market.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,016,600. This represents a 6.1 per cent decrease over February 2018, a 6.2 per cent decrease over the past six months, and a 0.3 per cent decrease compared to January 2019. Sales of detached homes in February 2019 reached 448, a 27.9 per decrease cent from the 621 detached sales recorded in February 2018. The benchmark price for detached properties is $1,443,100. This represents a 9.7 per cent decrease from February 2018, a 7.6 per cent decrease over the past six months, and a 0.7 per cent decrease compared to January 2019. Sales of apartment homes reached 759 in February 2019, a 35.9 per cent decrease compared to the 1,185 sales in February 2018. The benchmark price of an apartment property is $660,300. This represents a four per cent decrease from February 2018, a 5.1 per cent decrease over the past six months, and a 0.3 per cent increase compared to January 2019. Attached home sales in February 2019 totalled 277, a 30.9 per cent decrease compared to the 401 sales in February 2018. The benchmark price of an attached unit is $789,300. This represents a 3.3 per cent decrease from February 2018, a 6.7 per cent decrease over the past six months, and a 1.4 per cent decrease compared to January 2019. As market trends downward, this is a great opportunity for buyers as there are many options to choose from and possibly buy for lower price than asking prices! To download the statistics package released by Real Estate Board of Greater Vancouver, please click on the link below: DOWNLOAD MARCH 2019 STATISTICS FOR GREATER VANCOUVER

Date and Time Saturday, April 20, 2019 at 9:30 AM – 12:30 PM Place Fremont Riverclub Information Here All Fremont kids are invited to our third annual Easter Egg hunt taking place in the park behind Riverclub. The playground area will be designated for the 5 and under only. They will begin their hunt at 9:30am. The 6 and over kids will begin their hunt at 10am and will be hunting in the entire green space.

The budget, which was released Tuesday March 19 2019, includes a first-time homebuyer incentive that will allow those who have the minimum down payment for an insured mortgage to finance a portion through a shared-equity mortgage with the Canada Mortgage and Housing Corp. Detailed information Here The federal government expects about 100,000 first-time buyers will receive this incentive over the next three years. There are no ongoing payments, which means that homeowners will be paying lower monthly mortgage payments. For example, if a borrower buys a new $400,000 home with a five per cent down payment ($20,000) and a 10 per cent CMHC shared equity mortgage ($40,000), the borrower’s total mortgage is reduced to $340,000 from $380,000 for a savings of $228 on his or her monthly mortgage payment. CMHC will offer qualified first-time buyers a 10 per cent shared equity mortgage for a newly constructed home or a five per cent shared equity mortgage for an existing home. The incentive will be available to first-time home buyers with household incomes less than $120,000. Home buyers’ insured mortgages and the incentive amount can’t be greater than four times the home buyers’ annual household incomes. Improved RRSP Home Buyers’ Plan The plan’s withdrawal limit will be increased to allow participants to withdraw $35,000 from their RRSPs from the current $25,000. Partners will be eligible to withdraw $70,000 from the current $50,000. Personally, I love working with First-Time Home buyers. It is a challenging, yet rewarding experience from the initial meeting all the way to the possession date. The biggest challenge comes from getting the downpayment ready. But what they have to realize is that their first home does not have to be perfect nor big. I always tell my millenial clients who are in the ages of 20~40 that they will have to move at least 3 more times to finally buy that perfect home. It is much easier to get closer to buying that perfect home if they start with a property because the appreciation in price is much faster than saving up. If you are sitting on the fence to buy the first condo or not, ask yourself 2 questions: What is the worst case that will happen if you buy the property, and What will most likely happen if you buy the property. The answer is simple.