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I have sold a property at 4826 48 AVE in Delta

I have sold a property at 4826 48 AVE in Delta on Jun 3, 2024. See details here

Discover unparalleled elegance & history at the Ellis House, offering INCOME potential or multi-generational living. Originally built in 1920 & fully restored in 2008, this estate marries timeless elegance w/ modern convenience. The main house retains its original charm w/ fir floors & exposed brick walls, complemented by modern comforts like double-pane windows & a gas fireplace. The home was completely renovated in 2008 w/ a new foundation, roof, insulation, plumbing, wiring, & modern fixtures. The 2-bed legal Coach House spans 976 sq ft across 2 levels, offers luxurious living w/ a rare kitchen/living setup on the bottom level, potentially covering $500k of your mortgage. Just steps from Ladner Village, this property promises a lifestyle of unparalleled luxury & sophistication.

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I have sold a property at 3805 1289 HORNBY ST in Vancouver

I have sold a property at 3805 1289 HORNBY ST in Vancouver on Jun 19, 2024. See details here

One Burrard Place, Luxury Living in Vancouver. We are proud to present this coveted 2 bed + den “05” plan with sweeping northeast mountain, city and False Creek views from your patio on the 38th floor. Skyfront collection with over height ceilings and windows. Superior interior includes Italian Cabinetry, heated marble floors in the spa inspired bath, Smart Home system and air-conditioning. Chefs will appreciate Gaggenau appliances, quartz counters and spacious kitchen island making entertaining a pure pleasure. 24/7 Concierge staff welcoming you home. Over 30,000 sqft of amenities. Gym, Indoor Swimming Pool, Hot Tub, Sauna and Steam Room, Yoga Room, Party Rooms, Dining Areas. A west coast urban lifestyle dream with easy access to Beach District, West End and Yaletown. Came take a closer look and see why this one is special, like new. A pleasure to show! Call your agent today!

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I have sold a property at 1019 7988 ACKROYD RD in Richmond

I have sold a property at 1019 7988 ACKROYD RD in Richmond on Aug 29, 2024. See details here

In the heart of downtown Richmond, this QUIET unit away from No.3 and Skytrain noise is the perfect 2 bed unit without breaking the bank. One of the best floor plans in the building with the two bedrooms on opposite sides of the unit to provide maximum privacy. High end stainless steel Bosch appliances in the kitchen is perfect for any chef. Large standing shower in the main bath while your master bath offers a spa like soaker tub. You have access to great amenities including an indoor swimming pool, sauna and gym in the neighbouring tower. Only 5 mins away from Richmond Centre, Lansdowne Mall and Skytrain stations. Call today to arrange a private tour.

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New property listed in Vancouver

I have listed a new property at 2202 1495 Richards ST in Vancouver. See details here

Welcome home to WATERFRONT living! This Stunning corner suite in Azura Two! "02" floor plan features a spacious layout with floor-to-ceiling windows, featuring unobstructed breathtaking southern views of False Creek, water and Granville island.. This large 2-bedroom, 2-bathroom unit not only has an office, but also an extra open multi-purpose flex room. Features include upgraded new vinyl flooring throughout and a upgraded chef kitchen with updated appliances, and a spacious balcony overlooking the city, water, and park. Building amenities include 24-hour concierge, indoor pool, hot tub, sauna, steam room, gym, squash court, billiards room, media room, and guest suite. Unit comes with 2 parking stalls. Walking distances to George Wainborn Park, Seawall, David Lam Park, Sunset Beach!

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New property listed in Steveston South, Richmond

I have listed a new property at 307 4233 BAYVIEW ST in Richmond. See details here

Rarely available large 3 bedroom & den at the popular "The Village at Imperial Landing" by the water, in the heart of Steveston. NE corner sub penthouse, 1373 sf, open floor plan, 2 baths, with covered patio (13' x 12') for entertaining all year-round with some water view. Features HW floors, fresh paint, open gourmet kitchen with newer appliances, granite counters with a breakfast bar, gas stove & shaker-style cabinets. Family owned since 2010, well maintained and ready to move in. 2 pkg spaces 485 & 486, pets & rentals Ok. Walking distance to Steveston Village amenities with all the restaurants, coffee shops, and the Fraser river boardwork at your door steps. Must see! Open house Sept 14 & 15th 2-4.

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I have sold a property at 409 7168 OAK ST in Vancouver

I have sold a property at 409 7168 OAK ST in Vancouver on Aug 9, 2024. See details here

Rarely available bright penthouse unit with unobstructed views of nature, city, & the valley. SE facing 1170 sq.ft, 2 bedrooms, 2 full baths, & wraparound covered patio for entertaining year round. Family-owned since ‘93, $169k fully permitted reno in 2020. Show home quality, open-concept layout optimized for comfort & function. Huge kitchen island, wide plank vinyl flooring throughout, bespoke millwork, contemporary tiling, fixtures & finishes. Building has been fully rain screened. Radiant hot water heating & gas fireplace included in strata fees. 2 parking stalls & 1 huge locker. Near Airport, Langara College, Oak Park, Community Centre & Marine Gateway. 5 min walk to Sir Winston Churchill High School (IB) & elementary schools. Must be seen to be appreciated. Move in any time!

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New property listed in Brighouse, Richmond

I have listed a new property at 208 6811 PEARSON WAY in Richmond. See details here

The culmination of impeccable design and the finest workmanship available, ASPAC once again delivers a truly iconic residence project in the master planned waterfront community of River Green. South-east corner unit spanning 1251 sq ft of interior space over an expansive open floor plan comprised of 3 bedrooms, 2 bathrooms and a den. This luxury home offers all the features one would expect from a property of this caliber. A gourmet kitchen with upscale Miele appliances and Italian cabinetry. There's a 25m Olympic-training sized pool, hot tub, steam, and sauna. Gym, yoga/dance studio. Basketball court. Music and multimedia room, w/ karaoke. 24 hr concierge and so much more. Rarely is this quality and attention to detail seen.

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Open House. Open House on Sunday, July 7, 2024 2:00PM - 4:00PM

Please visit our Open House at 1019 7988 ACKROYD RD in Richmond. See details here

Open House on Sunday, July 7, 2024 2:00PM - 4:00PM

In the heart of downtown Richmond, this QUIET unit away from No.3 and Skytrain noise is the perfect 2 bed unit without breaking the bank. One of the best floor plans in the building with the two bedrooms on opposite sides of the unit to provide maximum privacy. High end stainless steel Bosch appliances in the kitchen is perfect for any chef. Large standing shower in the main bath while your master bath offers a spa like soaker tub. You have access to great amenities including an indoor swimming pool, sauna and gym in the neighbouring tower. Only 5 mins away from Richmond Centre, Lansdowne Mall and Skytrain stations. Call today to arrange a private tour. Open House July 7th 2-4.

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Inventory up, rates down -Where are the Buyers?

Hesitant Homeseekers: Why BC sales are still unexpectedly low. | REW | The Guide

On June 5, 2024, the Bank of Canada (BoC) made a strategic move by reducing its key interest rate by 25 basis points. While aimed, in part, at stimulating the housing market and making home loans more affordable, many real estate buyers remain cautious. If you recall in our Dexter Realty May Market Update, sales in May were down 20 percent year-over-year. It also marked the first month-over-month decline in sales in 2024.

One of the main reasons for buyer hesitation is ongoing inflation. Or at least, rising living costs. Despite the BoC's efforts to lower borrowing costs, inflation continues to affect everyday expenses. Rising prices for goods and services reduce disposable incomes, making it harder for potential buyers to save for down payments and manage monthly mortgage payments. The fear that inflation will continue to erode purchasing power makes many hesitant to commit to long-term financial obligations.

When you consider the high cost of living and average salaries in BC, it’s not a surprise that buyers are cautious. Many buyers expect the housing market may cool down in the future, potentially leading to more favourable buying conditions. This wait-and-see approach means that even with lower interest rates, buyers are not in a hurry to make purchases. They prefer to wait for a possible market correction that could lead to lower home prices and better buying opportunities. While we know real estate has typically never gotten cheaper, one can only hope. It’s interesting, too, because currently the inventory volume alone in the Lower Mainland would in theory make buyers feel more confident, but we continue seeing lower than average reported sales in the Vancouver area.

Homebuyers sitting on the sidelines are looking for more direct support measures, like tax credits, grants for first-time buyers and, probably the most important measure, increased housing supply initiatives. Without complementary policies, the impact of a rate cut is limited.

The Bank of Canada's rate drop in June 2024 is a well-intentioned move aimed at stimulating the housing market. However, economic uncertainty, high property prices and low consumer confidence collectively undermine its effectiveness. To truly excite buyers, a more comprehensive approach that addresses these multifaceted challenges is essential. Potential homebuyers need not just lower rates, but also stable employment, affordable housing options and a robust economic outlook to feel confident in making one of the biggest financial decisions of their lives.

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