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I just finished uploading this Apartment for sale, #210 20200 56 ave, LANGLEY, BC

INVESTORS! FIRST-TIME BUYERS! DOWN-SIZERS! THE BENTLEY- Cute 1 bedroom, TWO DEN quiet upper unit overlooking Courtyard- freshly painted, and brand-new appliances! Front den has lots of natural light & could work as office or nursery- no closet so not called a bedroom. Second den also flexes as office or storage. Spacious master bedroom opens to balcony & boasts walk-in closet & room for King-size bed. Kitchen features stainless appliances (self-cleaning oven), & eating bar. Living rm opens to good-size balcony & features gas fireplace (included in strata fee). RENTALS & Two pets allowed ANY SIZE! Rainscreened building, storage locker, underground parking. Walk to Park, shops, transit, cafes. Viewing by appointment- vacant & easy to show.

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We are proud to announce that this Apr 22nd, 2:00 PM to 4:00 PM we will be hosting an Open House at 18701 66 Ave. in Encore at Hillcrest in the Clayton/Cloverdale neighborhood, Cloverdale. This is an opportunity to visit this excellent Townhouse for sale in beautiful Clayton/Cloverdale.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Clayton/Cloverdale Townhouse for sale.

As always please do not hesitate to give me a call at 604.533.3491 if I can answer any questions before the open house, or if you would like to book a private showing.

Tammy Evans, Personal Real Estate Corporation
Treeland

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I just finished uploading this Townhouse for sale, #82 18701 66 ave, Cloverdale, BC

ENCORE AT HILLCREST- 3 bed, 3 BATH, Quiet home facing PARK, just steps to shops & school. Wide veranda invites you to enter off street (extra parking in front of unit!) for main level access. Bright kitchen boasts BI microwave, granite counters & eating bar, stainless appliances, & newer fridge w/icemaker. POWDER ROOM ON MAIN FLOOR! QUIET Master bedroom boasts full ensuite w/soaker tub, room for King-size bed, & walk-in closet with custom organizers. New laminate flooring up! Other features include security system, BI Vacuum, 9' ceilings on main. Great layout- Several rooms can flex for different purposes. 3 PARKING SPACES! Tandem garage for 2 + EXTRA storage/workspace PLUS designated outdoor stall. BBQ, PET, KIDS WELCOME! Well-maintained complex features Playground, Clubhouse/Rec center, walking paths, and is a short distance to Mall and restaurants. Low strata fee of $231.78/month! OPEN HOUSE SUNDAY, APRIL 22, 2-4 PM OR CALL TO VIEW.

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Bank of Canada maintains overnight rate target at 1 ¼ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent. The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent.

Inflation in Canada is close to 2 per cent as temporary factors that have been weighing on inflation have largely dissipated, as expected. Consistent with an economy operating with little slack, core measures of inflation have continued to edge up and are all now close to 2 per cent. The transitory impact of higher gasoline prices and recent minimum wage increases will likely cause inflation in 2018 to be modestly higher than the Bank expected in its January Monetary Policy Report (MPR)returning to the 2 per cent target for the rest of the projection horizon.

The global economy is on a modestly stronger track than forecast in January, with upward revisions to growth and potential output in a number of major advanced economies. The outlook for the U.S. economy has been further boosted by new government spending plans. However, escalating geopolitical and trade conflicts risk undermining the global expansion.

In Canada, GDP growth in the first quarter was weaker than the Bank had expected, but should rebound in the second quarter, resulting in 2 per cent average growth in the first half of 2018. The economy is projected to operate slightly above its potential over the next three years, with real GDP growth of about 2 per cent in both 2018 and 2019, and 1.8 per cent in 2020. This stronger profile for GDP incorporates new provincial and federal fiscal measures announced since January. It also reflects upward revisions to estimates of potential output growth, which suggest the Canadian economy has made some progress in building capacity.

Slower economic growth in the first quarter primarily reflects weakness in two areas. Housing markets responded to new mortgage guidelines and other policy measures by pulling forward transactions to late 2017. Exports also faltered, partly owing to transportation bottlenecks. Some of the weakness in housing and exports is expected to be unwound as 2018 progresses.

The Bank anticipates that Canadian exports will strengthen as foreign demand increases, but not sufficiently to recover the ground lost during recent quarters. Export growth is being increasingly limited by capacity constraints in some sectors. Continued gains in business investment should build additional capacity in those sectors and in the economy more generally. However, both exports and investment are being held back by ongoing competitiveness challenges and uncertainty about trade policies.

Growth in consumption remains robust, supported by strong labour income growth. Wages have continued to pick up as expected, even after factoring out recent minimum wage increases in Ontario and Alberta. The Bank will continue to assess labour market data for signs of remaining slack.

Some progress has been made on the key issues being watched closely by Governing Council, particularly the dynamics of inflation and wage growth. This progress reinforces Governing Council’s view that higher interest rates will be warranted over time, although some monetary policy accommodation will still be needed to keep inflation on target. The Bank will also continue to monitor the economy’s sensitivity to interest rate movements and the evolution of economic capacity. In this context, Governing Council will remain cautious with respect to future policy adjustments, guided by incoming data.

Provided by the Bank of Canada. For a full report click here: https://www.bankofcanada.ca/2018/04/fad-press-release-2018-04-18/

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I just finished uploading this Apartment for sale, #102 20125 55A Avenue, Langley, BC

BLACKBERRY II - Spacious, (1038 sq ft), elevated, Ground-floor 2 bedroom, 2 full bath unit across from Park & Community gardens. No one living below you! Living room features corner gas fireplace (gas & hot water included in $308.82 strata fee) and opens onto large 13'6 x 10' (135 sq. ft.) sundeck looking Southwest over trees & garden - very PRIVATE! Open plan with bedrooms separated by living area. Both bedroom windows face into trees and garden. Master bedroom boasts room for King-size bed, plus walk-in closet & full en-suite with double sinks and soaker tub. Kitchen features eating bar and space for full table set PLUS formal dining area. TWO parking stalls, storage locker, amenities room, BBQ and PET OK. Short walk from elevator. Newer roof, Rainscreened, and hallway carpets recently replaced, in updated building. Flexible move-in dates!

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Spring market kicks-off with slim supply in March

SURREY, BC  – While sales reached slightly above the ten-year average for the month, a lack of sufficient inventory in the Fraser Valley continued to put pressure on homebuyers in March.

The Fraser Valley Real Estate Board processed 1,664 sales of all property types on its Multiple Listing Service® (MLS®) in March, a decrease of 24.8 per cent compared to the 2,213 sales in March of last year, and a 20.1 per cent increase compared to the 1,385 sales in February 2018. The ten-year average for sales in the Fraser Valley in March is 1,658 transactions.

Of the 1,664 sales processed last month 410 were townhouses and 460 were apartments, together representing 52 per cent of all transactions in March.

Active inventory for the Fraser Valley finished at 4,796 listings last month, increasing 10.5 per cent month-over-month, and decreasing 0.2 per cent when compared to March 2017.

"We continue to see demand capped-off due to an inadequate amount of supply," said John Barbisan, Board President. “March is typically when we see our market kick into gear, but we need to see higher levels of new listings coming in and greater overall inventory if we want more homebuyers to find success in the Valley.”

The Board received 2,865 new listings in March, a 24.9 per cent increase from February 2018’s 2,293 new listings, and a 6.7 per cent decrease compared to March 2017.

"On the plus side, despite a tighter market pricing has remained relatively stable for our region. Talk to your REALTOR® who can help show you the best options at the price level you’re looking for.”

For the Fraser Valley region the average number of days to sell an apartment in March was 13, and 16 for townhomes. Single family detached homes remained on the market for an average of 30 days before selling.

HPI® Benchmark Price Activity

• Single Family Detached: At $1,001,400, the Benchmark price for a single family detached home in the Valley increased 0.9 per cent compared to February 2018, and increased 15.2 per cent compared to March 2017.

• Townhomes: At $541,800, the Benchmark price for a townhome in the Fraser Valley increased 2 per cent compared to February 2018, and increased 24.9 per cent compared to March 2017.

• Apartments: At $440,400, the Benchmark price for apartments/condos in the Fraser Valley increased 4.3 per cent compared to February 2018, and increased 48 per cent compared to March 2017.

Provided by the Fraser Valley Real Estate Board. Fo a full stats package click here:
http://www.fvreb.bc.ca/statistics/Package201803.pdf

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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.