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New property listed in North Shore Pt Moody, Port Moody
I have listed a new property at 690 IOCO RD in Port Moody.
Amazing view of Burrard Inlet!! Enjoy that view from the large deck across the back of the home, from the patio on the lower level or from the rooftop! Expansive windows in the living room, dining room and kitchen for plenty of sunlight and that view. 3 bedrooms on the main, incl. master with ensuite. Down you have a self contained suite in the walk out basement, French doors to a patio and the large backyard. Double garage and lots of open parking on the driveway. Come and enjoy the Port Moody lifestyle with its parks and trails, this home won't last long!
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‘Stunning development’: Vancouver no longer Canada’s priciest housing market

 

Toronto overtakes Vancouver despite benchmark prices hitting record high: RBC

The MLS Home Price Index benchmark hit $1.255 million in Metro Vancouver last month | Photo: Rob Kruyt, BIV

It’s not a crown any Canadian city wishes to lay claim to, but Vancouver is – for now – giving up its title as the country’s most expensive real estate market.

Toronto has overtaken Vancouver as of January, according to a new report from the Royal Bank of Canada (TSX:RY).

It’s not because Vancouver’s housing market has suddenly come back down to Earth, but because Toronto has become that much more unaffordable.

RBC data shows the Greater Toronto Area’s composite MLS Home Price Index (HPI) benchmark hit $1.260 million last month compared with Metro Vancouver’s benchmark of $1.255 million. That $1.255-million figure is still a record high for the region.

 
 
 

“It’s a stunning development though not entirely surprising considering how hot the Toronto-area market has become, especially since the fall,” RBC senior economist Robert Hogue said in a report published Friday.

“Vancouver prices have accelerated as well, just not to the same extent.”

Vancouver's HPI increased 18.5% on an annual basis last month, while Toronto saw a 33.3% increase. The Fraser Valley saw a 37.4% increase.

“Solid demand and a dearth of supply kept conditions steamy in Canada’s major markets,” Hogue said, adding this is the first time in decades Toronto’s benchmark price has surpassed Vancouver’s.

“Rock-bottom inventories continue to be a major irritant for [Vancouver] buyers as we enter 2022.”

The Bank of Canada is widely expected to hike its overnight rate next month, which could temper the real estate market somewhat. But buyers will still have to contend with low inventory. 

“Our view is that activity will stay exceptionally strong in the near term nationwide though we expect the Bank of Canada’s rate liftoff will start cooling things down later this year,” Hogue said, referring to national trends.

“Accompanied by an expected material increase in housing completions, we believe this will gradually ease the extreme imbalance in the market and in time moderate the pace of price appreciation.”

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I have sold a property at 5080 GEORGIA ST in Burnaby
I have sold a property at 5080 GEORGIA ST in Burnaby.
Spectacular, custom built Craftsman style home in a great neighbourhood. Bring the large family to this spacious, open concept home w/ lots of natural light & great sight lines. Custom millwork throughout - oversized crown moulding, window casings & coffered ceilings. Great attention to every detail; leaded windows, wrought iron railings & security system. Gourmet kitchen w/ granite, huge island, high-end appliances, pantry, adjacent DR incl wet bar with fridge & french doors to the massive deck & family room with granite FP. Spacious entryway with LR & office on either side. Up are 4 bedrooms; master w/ soaker tub double sinks & walk-in shower. Full basement - perfect for an Airbnb. Covered deck - rock F/P, recessed lighting, gas & overhead heaters. RV parking or sports court. 2 garages.
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I have sold a property at 32 WILKES CREEK DR in Port Moody
I have sold a property at 32 WILKES CREEK DR in Port Moody.
This gorgeous & well-maintained home was custom built for the owners by master builder Dan Perrault. Gourmet kitchen has been totally renovated with high-end finishing including quartz & wet bar with beverage fridge. Main bedroom with newly updated ensuite. Basement is open & spacious & could easily be two extra bedrooms or a suite. Media room has a bar complete with sink, fridge, dishwasher & microwave. Rough in for stove & second washer & dryer. One french door & sliding door in basement lead to the sunny & private, fully fenced rear yard. Huge garage fits a motorhome complete with sani-dump or a very large wakeboard boat complete with wakeboard tower. Electrical upgraded, newer high efficiency furnace, heat pump & tankless hot water . Loads of parking.
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New property listed in Capitol Hill BN, Burnaby North
I have listed a new property at 5080 GEORGIA ST in Burnaby.
Spectacular, custom built Craftsman style home in a great neighbourhood. Bring the large family to this spacious, open concept home w/ lots of natural light & great sight lines. Custom millwork throughout - oversized crown moulding, window casings & coffered ceilings. Great attention to every detail; leaded windows, wrought iron railings & security system. Gourmet kitchen w/ granite, huge island, high-end appliances, pantry, adjacent DR incl wet bar with fridge & french doors to the massive deck & family room with granite FP. Spacious entryway with LR & office on either side. Up are 4 bedrooms; master w/ soaker tub double sinks & walk-in shower. Full basement - perfect for an Airbnb. Covered deck - rock F/P, recessed lighting, gas & overhead heaters. RV parking or sports court. 2 garages.
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New property listed in Anmore, Port Moody
I have listed a new property at 2415 LEGGETT DR in Port Moody.
Spectacular custom built family home in picturesque Anmore. Contemporary home is an entertainers dream; open floor plan, state of the art kitchen & massive deck w/ hot tub. Stunning features include; LR with vaulted ceilings & rock fireplace with linear flame, massive marble island with bev fridges, wine rack & room for plenty of seating, SS appliances incl 6 burner gas stove, separate spice kitchen, dining room has built-ins & french doors to that huge deck. Up are 5 bdrms, 3 baths & laundry. Master suite with luxurious spa like ensuite including free standing tub & huge WIC. Down are rec room, 6th bdrm, media room w/ wet bar, wine cellar, family rm, 3 adl bdrms & 2 baths. Separate 2 bdrm suite for extended family or mortgage helper. Enjoy the outdoor lifestyle at your doorstep!!
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