I just sold this House at 1170 Stevens St., WHITE ROCK, BC .

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I just sold this Apartment at 302 5475 203 St., LANGLEY CITY, BC LANGLEY CITY.

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I just sold this Townhouse at 68 20460 66 Ave., LANGLEY , BC Willoughby.

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I just finished uploading this Condo for sale, 220-21 8245 E Bell Road, Scottsdale, Arizona

Montana del Sol is an exclusive Mediterranean-style private gated community along the TPC golf course. The resort-style amenities include community pool, spa, cabana, BBQ area and views of the golf course and McDowell Mountains. This stylish interior unit is adjacent to the pool area & is a turn-key opportunity. The exceptional spacious floorplan has two master bedrooms and a third bedroom, 12-foot ceilings, open concept kitchen, living, dining room, a large private balcony and an attached garage. Ideal North Scottsdale location with easy access to golf, shopping, entertainment & nightlife. TENANT OCCUPIED- JANUARY THROUGH MARCH.

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target range as the disinflationary effects of economic slack and low consumer energy prices are only partially offset by the inflationary impact of the lower Canadian dollar on the prices of imported goods. As all of these factors dissipate, the Bank expects inflation will rise to about 2 per cent by early 2017. Measures of core inflation should remain close to 2 per cent.  

The dynamics of the global economy are broadly as anticipated in the Bank’s October Monetary Policy Report (MPR), with diverging economic prospects and shifting terms of trade. China continues its transition to a more sustainable growth path and the expansion in the United States is on track, despite temporary weakness in the fourth quarter of 2015. The U.S. Federal Reserve has begun to gradually withdraw its exceptional monetary stimulus. While risks to the world outlook remain and have been reflected in sharp price movements in a range of asset classes, global growth is expected to trend upwards beginning in 2016.

Prices for oil and other commodities have declined further and this represents a setback for the Canadian economy. GDP growth likely stalled in the fourth quarter of 2015, pulled down by temporary softness in the U.S. economy, weaker business investment and several other temporary factors. The Bank now expects the economy’s return to above-potential growth to be delayed until the second quarter of 2016. The protracted process of reorientation towards non-resource activity is underway, helped by stronger U.S. demand, the lower Canadian dollar, and accommodative monetary and financial conditions.  National employment remains resilient despite job losses in the resource sector and household spending continues to expand. 

The Bank projects Canada’s economy will grow by about 1 1/2 per cent in 2016 and 2 1/2 per cent in 2017. The complex nature of the ongoing structural adjustment makes the outlook for demand and potential output highly uncertain. The Bank’s current base case projection shows the output gap closing later than was anticipated in October, around the end of 2017. However, the Bank has not yet incorporated the positive impact of fiscal measures expected in the next federal budget.

All things considered, therefore, the risks to the profile for inflation are roughly balanced. Meanwhile, financial vulnerabilities continue to edge higher, as expected. The Bank’s Governing Council judges that the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.

Provided by: Bank of Canada

http://www.bankofcanada.ca/2016/01/fad-press-release-2016-01-20/

I just finished uploading this COMMERCIAL/RETAIL for sale, 2645 Montrose Ave, ABBOTSFORD, BC

Original Abbotsford Post Office- now an upscale C-7 Commercial/Retail building on Kitschy Montrose Avenue! Over 9600 sq feet of rentable space on a corner lot with great exposure and high traffic. Current tenants are solid, long-term, and want to stay, and include Zeeba Hair Design, Mac and Mango clothing and a lawyer's office. Lots of potential in basement- over 3000 sqft that can be developed into several offices, storage, etc. Street parking (2 hour max.) plus 6 parking stalls behind building for tenants. Potential for up to two storey add-on, or increase space on current upper two levels by framing in open patio areas. Leases are 2-5 yrs with options to renew but are somewhat negotiable as Owner occupies main floor and is prepared to re-locate if necessary. Businesses are not for sale.

I just finished uploading this Apartment for sale, 343 10838 CITY PARKWAY, SURREY, B. C.

ACCESS AT GATEWAY! GREAT LOCATION & OPEN FLOORPLAN IN WELL-RUN COMPLEX- FACES COURTYARD & AWAY FROM STREET. WALK TO SKYTRAIN, BUS, SHOPS, & PARK. THIS UNIT SHOWS VERY WELL, AND FEATURES INCLUDE QUALITY LAMINATE, TILE FLOORS THRU KITCHEN & 2 FULL BATHS, & ELECTRIC FIREPLACE. KITCHEN HIGHLIGHTS- STAINLESS APPLIANCES, LOTS OF COUNTER SPACE & EATING BAR, BUILT-IN MICROWAVE, CERAMIC COOKTOP, & GARBURETOR. SPACIOUS MASTER BEDROOM BOASTS FULL ENSUITE WITH SEPARATE SHOWER & SOAKER TUB. CHECK OUT THE SIZE OF THE SECOND BEDROOM! RECREATION FACILITIES INCLUDE CLUBHOUSE, GYM, HOT TUB, & SAUNA. INVESTORS- RENTALS OK! (NO RESTRICTIONS). HALL CARPETS TO BE REPLACED (SELLER HAS PAID). STORAGE LOCKER, UNDERGROUND PARKING STALL PLUS STREET PARKING (FREE AFTER 6PM). 2 PETS OK. WATCH SUNSETS FROM YOUR BALCONY!

I just finished uploading this House for sale, 20220 44a AVENUE, LANGLEY, B. C.

LOCATION, LOCATION! LOVELY, EXTENSIVELY UPDATED 3 BEDROOM, 3 BATH HOME FEATURES VINYL WINDOWS, NEWER ROOF, BAMBOO HARDWOOD FLOORING, NEWER DOORS, BIFOLDS, HARDWARE, 2" BLINDS, STAIR RAILINGS, SECURITY SYSTEM, BASEBOARDS, CROWN, BATHROOMS, ETC! RENOVATED KITCHEN BOASTS MAPLE CABINETS & OPEN PLAN, ISLAND WITH EATING BAR, BI MICROWAVE, & 5 YR OLD APPLIANCES. MASTER BEDROOM FEATURES 2 PIECE ENSUITE. BASEMENT REC ROOM W/GAS FIREPLACE. LARGE LAUNDRY RM W/STORAGE & SEPARATE SHOWER. LOTS OF LIFE LEFT IN FURNACE W/ELECTRONIC AIR FILTER. VAULTED, COVERED SUNDECK OVERLOOKS INGROUND POOL (FABULOUS ENTERTAINING AREA!), & FULL, SOUTH-EXPOSED BACKYARD WITH PRIVACY HEDGING. DON'T WANT POOL? EASY INFILL RETURNS IT TO A BIG, GRASSY YARD. LOTS OF SPACE ON REFINISHED DRIVEWAY- RV PARKING BESIDE HOUSE PLUS EXTRA-DEEP (26') GARAGE. BONUS STORAGE SHED & WORKSHOP AREA UNDER SUNDECK. NO SEPTIC! CLOSE TO SPORTS ARENA, SHOPS, TRANSIT, & OFF-LEASH PARK. KIDS WALK TO ALICE BROWN ELEMENTARY. GREAT FAMILY NEIGHBORHOOD, QUIET & CONVENIENT.

News Release: January 5, 2016

FRASER VALLEY REAL ESTATE IN HOT DEMAND THROUGHOUT 2015

SURREY, BC – Fraser Valley real estate experienced its strongest year in a decade in 2015. This was the second highest year for property sales in Fraser Valley’s history, just shy of the region’s previous sales high in 2005.

The Board’s Multiple Listing Service® (MLS®) processed 21,095 sales in 2015, 33 per cent more than the 15,840 sales in 2014, and 0.9 per cent fewer than the 21,282 sales in 2005. The total dollar volume of MLS® sales was a record setting $12.1 billion, four billion more than was sold in 2014.

In contrast, the Board received a typical volume of new listings in 2015 – 30,998 – comparable to the average over the last ten years, set at 31,296 new listings.

Jorda Maisey, President of the Fraser Valley Real Estate Board, attributes 2015’s market strength to a strong economy elevating consumer housing demand. “The Fraser Valley has always appealed to consumers looking for competitive pricing and a diverse range of housing options.

“Last year shows that consumers recognize the long-term value of property ownership in the Fraser Valley, particularly valuing the single family home, which they recognize is becoming a limited commodity. Sales of single family detached increased across all of our communities, in some instances more than doubling 2014’s sales.”

Sales during December were the highest for that month in Fraser Valley’s history. The Board processed 1,543 sales, an increase of 44 per cent compared to December of 2014. December’s total inventory in the Fraser Valley was 4,280 active listings; 33 per cent fewer than were available in December 2014.

The MLS® Home Price Index benchmark price of a detached home in December was $672,400, an increase of 17.3 per cent compared to December of last year when it was $573,100. The MLS® HPI benchmark price of townhouses increased 9.6 per cent going from $293,500 in December of last year to $321,800 last month. The benchmark price of apartments was $204,900, an increase of 7.3 per cent compared to $191,100 in December 2014.

Maisey adds, “The market remains buoyant, and with very low inventory currently there is tremendous opportunity for sellers. For buyers finding it challenging in their search, REALTORS® are recommending they consider a variety of housing options and communities they may not have considered. There’s a lot of choice out there, you just need to know where to look.”

These stats have been provided by the Fraser Valley Real Estate Board. For a full stats package click here:
http://www.fvreb.bc.ca/statistics/Package%20201512.pdf