New property listed in Barber Street, Port Moody
I have listed a new property at 35 FLAVELLE DR in Port Moody.
Spectacular family home backing on greenbelt has been substantially updated throughout. Bright & beautiful kitchen, perfect for entertaining; huge granite island, 6 burner gas stove, white shaker cabinetry, quartz counters, stainless steel appliances & an adjacent family room which opens up to the large sundeck with lots of room for your bbq & outdoor furniture. Large living room, dining room, office & laundry round out the main. Up are 4 bedrooms; huge master suite w/ fireplace & massive 5 piece ensuite including free standing soaker tub & walk in shower. Hardwood flooring, designer paint & crown moulding. Down is a bright 1 bedroom in-law suite; separate laundry & walk-out the french doors to the covered patio. Extra bedroom & den down too! Steps to hiking trails of Bert Flynn Park

New property listed in South Meadows, Pitt Meadows
I have listed a new property at 40 19452 FRASER WAY in Pitt Meadows.
This property is immaculate! You will think that you are stepping into the show home. Located in the sought after Shoreline complex, you will love all the updates & attention to detail. Unique layout has an upper 3rd flr or "Crowsnest" that is perfect for your office & has a sitting area with a cozy fireplace & peek-a-boo river view. Updated flooring throughout the home include engineered hardwood & carpet in the bedrooms. Kitchen is perfect for entertaining:large island, white shaker style cabinetry, new stainless steel appliances incl gas stove & adjacent family room with access to the large private patio with gazebo. Up are 3 bedrooms, lavish master w/ martini deck, 5 piece ensuite & walk-in closet. Fresh paint, crown moulding, custom garage floor, new W&D. This home will go quickly!

New property listed in Anmore, Port Moody
I have listed a new property at 105 ELEMENTARY RD in Anmore.
This pristine property is the reason you move to Anmore! It pays homage to the bygone days; over 4 acres, rural setting, tons of privacy, tranquility & beautifully treed w/Mossom Creek meandering through. Impressive log home has beautiful hardwood floors, vaulted ceilings, soaring rock fireplace & large master suite w/4 pc ensuite, walk in closet & martini deck. Spacious main; country kitchen, living rm, dining rm, den & flex area. Walk out basement has a great rm, rec room, extra bedroom & plenty storage. Enjoy your estate from the wrap around veranda & huge partially covered sundeck. Zoning could allow for a 2nd home on the property without subdivision. Country living minutes to shopping & recreation. Opportunity to purchase an additional 3 acres along the north property line.

New property listed in Heritage Mountain, Port Moody
I have listed a new property at 31 181 RAVINE DR in Port Moody.
You will love the outdoor space of this unit in this popular, well cared for complex. Admire the private, beautifully landscaped yard from the large patio that is perfect for entertaining. 3 bedroom home enjoys a main floor with updated kitchen & adjacent family room. Galley kitchen with quartz counters, cherry cabinetry, subway tile, stainless steel appliances including wine & beverage fridges. Kitchen & Acacia hardwood flooring on main updated in 2017. Up are the good sized bedrooms & 2 bathrooms; master with walk in closet & 4 piece ensuite including walk in shower & soaker tub. Down is a recreation room or office. This home is steps from the elementary school & close to Heritage Mtn High School, shopping at Newport Village & Suter Brook + recreation at Bert Flynn & Inlet Park.


Benchmark price for homes has stayed static; though rents have decreased

Vancouver's real estate market has seen virtually no change in the average price of homes over the last 12 months. 

COVID-19 has changed elements of living in Metro Vancouver in so many ways, from transportation to the economy to drug and liquor policy

But the price of buying a home? Well, some things stay the same. 

"There is a little bit of disconnect right now," said Central 1 deputy chief economist Bryan Yu.

Even with unemployment in B.C. at 13 per cent and a forecast GDP reduction of 7.8 per cent this year, the benchmark price of a property in Greater Vancouver has essentially remained constant — going from $1.02 million in February to $1.03 million in May. 

While there's evidence on sites like Craigslist that the price of rentals has dropped in the last three months, Yu said that the ownership market has stayed static and could even see a slight uptick when official numbers are released next week for June.

He believes one key reason is that people most impacted by the economic downturn weren't players in Vancouver's housing market to begin with. 

"Whether it's the accommodation sector or restaurant services ... the economic impact has predominantly hit the lower end of the income spectrum," said Yu.    

"For higher income individuals still in the market, it's likely they were still in the market. They were able to work or stay at home, in some cases able to save money."


Troubles on horizon?

At the same time, Yu said Vancouver's real estate sector couldn't stay impervious to COVID-19 forever. 

"As we move forward into the fall, there's going to be a little more pressure," he said, adding that lower immigration would also have an affect. 

"The economy itself is not strong. It's going to be quite weak as we go forward."

On Monday, the Canada Mortgage and Housing Corporation released a housing outlook, forecasting the lower range for the average home price in Metro Vancouver would fall from $892,790 in 2020 to $809,215 by 2022. 

"Average house prices will decline with weaker household budgets and the uncertain nature of the economic reopening," wrote CHMC senior analyst Braden Batch and senior specialist Eric Bond.

However, they also said Vancouver's "ownership markets are less exposed" to COVID-19, compared to the rental market.

"Real estate buyers tend to be older than renters. Therefore, they are less likely to have lost their employment as a result of the economic shutdown," they wrote.

Government response?

The provincial government announced a host of housing policies in 2018 and 2019 — and have put in emergency COVID-19 measures to help protect renters — they have no immediate intention to make further changes.

Finance Minister Carole James says the government will be closely monitoring the situation.

"We're going to watch the housing market," said James.

"With COVID, there have been mixed results … but still a great challenge, so we're continuing on with our measures, and not letting up from making sure we look at affordable housing for people."

As COVID-19 dramatically slowed down public hearings and new staff reports, municipalities saw their housing plans effectively frozen, but that is beginning to change. The City of Vancouver is considering a new policy that would create rental tenure zoning in arterial streets across the city, in exchange for six-storey buildings for stratas, instead of the current four.  

A public hearing is expected in July, and Housing Minister Selina Robinson is excited by the development.

"Local governments have been cautious, but we're starting to see more pick up," she said. 

"During COVID, things changed in terms of acting on new things, but I'm really pleased to see the activity pick up. It means that local governments recognize we still need to be recognizing housing affordability."


I have sold a property at 150 101 PARKSIDE DR in Port Moody
I have sold a property at 150 101 PARKSIDE DR in Port Moody.
Extensively renovated with high end finishing and craftsmanship, this is one of the largest floor plans in Treetops. Bright, airy and welcoming, this home has it all. Living room with vaulted ceilings and feature fireplace. Open glass railings, Entertainment sized kitchen with the massive stone island, huge side by side stainless fridge, gas stove & wine fridge. Adjacent family room with 2 way fireplace and access to the back patio. Master and laundry are on the main, master with walk in closet, fireplace and 5 piece ensuite. Up are 2 more bedrooms and bath. Lower level has an inlaw suite, recreation room and plenty of storage. Bathrooms are all updated and closet organizers in all bedrooms, AC, new doors, hardwood flooring and designer paint throughout. Private garden and patio area.

I have sold a property at 1110 BENNET DR in Port Coquitlam
I have sold a property at 1110 BENNET DR in Port Coquitlam.
One of the best locations in the complex with views of Colony Farm and the mountains! This end unit home backs on the green space for the utmost in privacy and has one of the largest floor plans. Super bright main floor; living room with floor to ceiling windows, vaulted ceilings, an adjacent dining room and 2 way fireplace. The family room shares the fireplace and has access to the large partially covered patio and good sized yard. Galley kitchen which overlooks the back yard, and a flex area with access to the large front balcony round out the main. Up are 3 bedrooms, including the huge master with walk-in closet, nook and a 4 piece ensuite. Down is the large laundry room, storage room and powder room. Your family will love the outdoor space in this home!

I have sold a property at 45 100 KLAHANIE DR in Port Moody
I have sold a property at 45 100 KLAHANIE DR in Port Moody.
DOWN SIZERS, EMPTY NESTERS! This is the one you have been waiting for! Completely renovated to the highest standard, no expense spared! Open concept kitchen boasts Wolf range, Subzero fridge, and Miele DW. Follow the gleaming hardwood thru the formal dining into the living room with built-in book shelves and a custom wall unit with desk built in. All new shutters, spa like bathrooms with floating cabinetry, and high end fixtures that will not disappoint. Tons of storage in this "D" floorplan, 1 of only 2 in Klahanie. Close to skytrain, shopping, restaurants and Rocky Point Park.

New property listed in Westwood Plateau, Coquitlam
I have listed a new property at 2119 TURNBERRY LANE in Coquitlam.
Bring the extended family to the fresh air of Westwood Plateau! This home features a mortgage helper in the basement and yet has plenty of bedrooms for your use. Main floor has an open concept living, dining and kitchen. Family room and den are off of the large kitchen with island, stainless steel appliances and access to the balcony. Up are 5 bedrooms and 3 bathrooms. Master with walk-in closet & ensuite that features a large soaker tub and separate shower. Down is a media room, lots of storage and the 2 bedroom suite with its own laundry and separate entry. Close to the hiking trails of Eagle Mountain and 2 golf courses. Shopping nearby at Westwood Village.
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