MARIE & KIM TAVERNA

Direct : 604-802-7759 |  

Welcome to 3207 Valdez Court. Fabulous home is located on a quiet cul-de-sac  street. This home has 3 bedrooms & 3 baths. Lovely living room with French doors, custom built book cases & gas fireplace. Great galley kitchen with white cabinets. Dining area is perfect for family dinners, built in cabinet & wine storage. Family friendly family room with glass slider to the large fenced & hedged backyard. The kids & Fido will love it. Imagine family BBQ's in the Summer. Storage shed for extra garden items. 3 good size bedrooms upstairs. Plenty of storage in the crawl space. Great family neighbourhood with parks, trails, shopping, transit & Skytrain a short stroll away. Call for more details.

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November 18-25, 2019

The REALTORS Care® Blanket Drive is coming soon!

Here's how you can help

We collect blankets and warm clothing to help the homeless, women and children in need, and persons living in supportive housing. Your donations are kept in the community where they are collected, and are given to charities that distribute them directly to those in need.

Please donate the following items for all ages:

  • gently used or new blankets or sleeping bags
  • warm clothing, coats
  • hats, gloves, scarves
  • new socks and underwear

Socks are especially important for the homeless. They're as good as gold. Find out why by listening to this item from CBC radio, Sunday Edition.

Here's a list of Lower Mainland charities who received donations from the Blanket Drive.


The REALTORS Care® Blanket Drive story

Way back in 1994, some caring REALTORS® in Vancouver observed the homeless situation in the city’s eastside and said to themselves, we’ve got to do something.

They put out an appeal to their colleagues for warm blankets and coats and collected enough donations to help 3,000 of Vancouver’s homeless in the downtown core.

That single act of kindness has blossomed into one of the largest annual collections of warm clothing and blankets, helping homeless people and the working poor in every single community in the Lower Mainland.

Since then, thousands of REALTORS® from Whistler to Hope have collected enough donations to help more than 385,000 people in need. Each year, more than 75 dedicated members pick-up and deliver all the donations, and well over 100 real estate offices in the Lower Mainland act as collection depots.

The REALTORS Care® Drive now collects an astonishing amount of warm, winter items on behalf of dozens of local charities to help about 35,000 people each year.

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Basement basics to elevate your home


Finishing an underutilized basement makes financial sense in certain situations, and may add to your home’s resale value. For a family who has outgrown their current space and  wants to avoid buying a more expensive, larger home, finishing the basement can be worthwhile. Yet, there are considerations to ensure your project will be worth the time, effort and expense.

Use these guidelines to determine if your basement is a good candidate for a renovation and will deliver adequate return on your investment:

  • Is there enough headroom? A finished floor-to-ceiling height of at least 7.5 feet is required. Include in your calculation 2.5 inches for flooring and ceiling finishing materials. If you own an older home with insufficient floor to ceiling space, you may need to consider additional costs to lower and underpin the foundation to create sufficient headroom.
  • Is your basement wet? You’ll want to address any moisture problems before you begin. In older homes, moisture issues can be severe. In some cases, you’ll need to waterproof the foundation from the outside. Waterproofing can add substantially to the cost as excavation, waterproofing, weeping tile and backfill may be required.
  • Are your windows adequate? The outside bottom edges of all basement windows should be at least six inches above the soil. Consider the size and condition of the windows. Are any large enough for fire escape? Are they operable, damage-free, airtight and energy-efficient? Be sure to calculate the cost of any needed window upgrades when estimating your costs.

Finished basements provide a myriad of possibilities including guest rooms, nanny suites, play rooms and home theatres. Whether you’re looking to increase the value of your home, or enhance your living space, do your research to ensure a successful project.

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How to Prepare Your AC for Winter

Presented by Enercare


Sweater weather. Cranberry sauce. Pumpkin Spice Lattes. The sound of leaves crunching underfoot. The signs are real. Summer is officially over and it’s time to transition from cool to cozy.


We all know how to prepare for colder weather – thicker coats, thermal undershirts, woolly socks, the whole kit and caboodle. But when it comes to our air conditioners, the checklist for winter preparation isn’t quite as familiar. The following describes a few things to do before your unit gets attacked by snow, freezing rain and sleet. If you procrastinate, there’s a chance it might not be the same come next summer.


First things first. Turn it off. It’s Canada. You won’t need it for the next six months (at least). This will keep the air conditioner from turning on during an unseasonably warm day and keep any resulting water from damaging the condensing unit. Most importantly, it will prevent the risk of electrocution as you perform maintenance tasks.

Next, prepare your air conditioner for hibernation. Give it a good rinse with a hose. Let it dry.


Clear all the branches, grass, pinecones, bugs and dust using a vacuum with a soft brush attachment, leaving a three-foot clearance on all sides. Gently straighten any bent fins. Unscrew the top grill, lift out the fan (without bending or disconnecting wires) and remove any debris from the interior. Change the air filter. Look for cracks, rust, leaks and other irregularities in the casing.


And finally, turn it back on for a minute or two to listen to the compressor for any unusual noises such as buzzing, clunking or grinding. If you’d rather have a professional take care of all this, Enercare can send out a TSSA certified and licensed technician under our Cooling Maintenance Plan.


Once the air conditioner has been cleaned, it’s ready to be covered. This will protect the unit from debris, falling ice and other buildup that can get lodged in the unit over the winter. Ideally, you’d be able to obtain a cover from the same manufacturer as your unit.  If that’s not an option, use a bungee cord to tie down a waterproof vinyl cover that goes down over the side about 6 inches.


It’s important that this length is not exceeded otherwise the cover might become a quaint room and board for local animals.


If your unit has any exterior exposed pipes, insulate them with foam covers and zip-ties to protect them from harsh temperatures.


And you’re done!


Your air conditioner is now ready for winter. Just make sure to check the cover every now and then. Plus, it’s always a good idea to double check for debris throughout the winter as any kind of buildup could trap moisture in the machine.


You could also consider having your equipment serviced by Enercare so it’s ready when you need it next summer. We could even get your heating system ready at the same time. Service is only a phone call away.


For more information on maintenance plans for your air conditioner, call 1-844-ENERCARE.

Sponsored
 
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November 18-25, 2019

The REALTORS Care® Blanket Drive is coming soon!

Here's how you can help

We collect blankets and warm clothing to help the homeless, women and children in need, and persons living in supportive housing. Your donations are kept in the community where they are collected, and are given to charities that distribute them directly to those in need.

Please donate the following items for all ages:

  • gently used or new blankets or sleeping bags
  • warm clothing, coats
  • hats, gloves, scarves
  • new socks and underwear

Socks are especially important for the homeless. They're as good as gold. Find out why by listening to this item from CBC radio, Sunday Edition.

Here's a list of Lower Mainland charities who received donations from the Blanket Drive.


The REALTORS Care® Blanket Drive story

Way back in 1994, some caring REALTORS® in Vancouver observed the homeless situation in the city’s eastside and said to themselves, we’ve got to do something.

They put out an appeal to their colleagues for warm blankets and coats and collected enough donations to help 3,000 of Vancouver’s homeless in the downtown core.

That single act of kindness has blossomed into one of the largest annual collections of warm clothing and blankets, helping homeless people and the working poor in every single community in the Lower Mainland.

Since then, thousands of REALTORS® from Whistler to Hope have collected enough donations to help more than 385,000 people in need. Each year, more than 75 dedicated members pick-up and deliver all the donations, and well over 100 real estate offices in the Lower Mainland act as collection depots.

The REALTORS Care® Drive now collects an astonishing amount of warm, winter items on behalf of dozens of local charities to help about 35,000 people each year.

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Welcome to the Oasis...Fabulous two bedroom & two bathroom corner upper floor condo unit with gorgeous view of Mt.Baker, the Valley & beyond. An entertainers dream living room & dining room. Gas range for the chef. Stainless appliances, stone counter tops & lots of cabinets. Perfect office alcove. Master suite with balcony+walk-in closet+ensuite with tub. Second bedroom for guest area or den. Great balcony for Summer dinners. In suite front load washer/dryer. Live among the clouds with the floor to ceiling windows. Take advantage of the outdoor pool & hot tub+bbq area+fitness area+party room+lovely garden+ more. Walk to Skytrain, shopping, schools, Lafarge Lake, a huge variety of restaurants & coffee shops.

http://www.listings.360hometours.ca/14598

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November 18-25, 2019

The REALTORS Care® Blanket Drive is coming soon!

Here's how you can help

We collect blankets and warm clothing to help the homeless, women and children in need, and persons living in supportive housing. Your donations are kept in the community where they are collected, and are given to charities that distribute them directly to those in need.

Please donate the following items for all ages:

  • gently used or new blankets or sleeping bags
  • warm clothing, coats
  • hats, gloves, scarves
  • new socks and underwear

Socks are especially important for the homeless.

They're as good as gold. Find out why by listening to this item from CBC radio, Sunday Edition.


Here's a list of Lower Mainland charities who received donations from the Blanket Drive.


The REALTORS Care® Blanket Drive story

Way back in 1994, some caring REALTORS® in Vancouver observed the homeless situation in the city’s eastside and said to themselves, we’ve got to do something.

They put out an appeal to their colleagues for warm blankets and coats and collected enough donations to help 3,000 of Vancouver’s homeless in the downtown core.

That single act of kindness has blossomed into one of the largest annual collections of warm clothing and blankets, helping homeless people and the working poor in every single community in the Lower Mainland.

Since then, thousands of REALTORS® from Whistler to Hope have collected enough donations to help more than 385,000 people in need. Each year, more than 75 dedicated members pick-up and deliver all the donations, and well over 100 real estate offices in the Lower Mainland act as collection depots.

The REALTORS Care® Drive now collects an astonishing amount of warm, winter items on behalf of dozens of local charities to help about 35,000 people each year.

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Welcome to Westhill Place in the popular College Park Neighbourhood of Port Moody. This cute 1 bedroom and 1 bathroom condo is perfect for the first time buyer or the downsizer. Great living room with glass sliders to sundeck that faces the quiet courtyard. Kitchen with freshly sanded and stained cabinets. White appliances. Freshly painted and some updated flooring. The bedroom can fit a king size bed. Mirrored closet doors in bedroom and entry hall. Convenient in suite storage. Updated through the years.  One parking spot. Indoor pool and large exercise room. Rentals allowed with some restrictions. Very pet friendly complex. Walk to Westhill Park. Skytrain is bus ride away. Shopping close by. Enjoy the quiet area.

http://www.listings.360hometours.ca/14734

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Welcome to 1904-2355 Madison Ave. This two bedroom / two bathroom corner unit condo has a fabulous view of the North Shore Mountains to Lions Gate Bridge to the Sparking Lights of Vancouver. This home has floor to ceiling windows, with 9 feet ceiling. Relax in your living room in front of the fireplace. Kitchen with stainless steel appliances and stone counter tops. In suite laundry. Master bedroom with 4 piece ensuite. Second bedroom for home office or nursery. Relax on your deck and enjoy the summertime fireworks. Indoor pool, gym and club house. Two parking spots.  Walk to transit, shopping or your favorite restaurant. Don't miss this beauty. Live the Condo Lifestyle at its best....

http://www.listings.360hometours.ca/14424

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OH MY GORGEOUS! From the moment you walk through the front door, this lovely 3 level 5 bed & 4 bath home, you will be impressed. Elegant dining room & living room with beautiful hardwood floors.  Large kitchen with painted oak cabinets, updated granite counter tops, high end S/S appliances, newer back splash+more. French doors to family room, with gas fireplace. Large master suite. Updated ensuite with soaker tub+2 person shower+double sinks. W/C with built-ins & hardwood flooring. 3 large other bedrooms. Upstairs laundry for convenience. Rec room/family area over garage. Large games room down with kitchen/bar area. Bedroom+flex room. Separate entrance. Could be great nanny or in-law suite in future. Beautifully manicured garden. Summer time decks & patio. Located close to all levels of schools+shopping+hiking trails+so much more. 3 bay garage. Large driveway. Cul de sac. Sprinkler system. An entertainers dream.

http://www.listings.360hometours.ca/14558

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Welcome to 4207 Kitchener Street...Located in the popular Willingdon Heights area in North Burnaby. The current owner has lived in this home for over 60 years. Over 2000 square feet with 2 bedrooms upstairs and 1 bedroom down. The lot is over 6000 square feet with approximately 50 feet wide and 122 feet deep. Reno the current home, add an addition or perhaps build your dream home. Fabulous family neighbourhood with Willingdon Park a few steps away, Kitchener Elementary close by. Walk to transit. Shopping  and Alpha Secondary School a short drive away. Lane access with double car garage. Don't miss your opportunity to live at 4207 Kitchener Street. Property like this rarely come up...

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Welcome to #73 at Nile Gate located on a quiet tree lined row. This lovely Georgian inspired townhome with its modern interior & 9' ceiling on main is move in ready. Two bedrooms / two bath + den is location in the popular Riverwood area of Poco. Living room & dining room are perfect for entertaining. Bright kitchen with S/S appliances. Easy care laminate flooring. BBQ deck is Summer ready. Master bedroom & second bedroom upstairs + laundry for convenience. Main/ensuite bathroom with double sinks. Den/office on entry level + bathroom with shower. Cute fenced in front yard.Single car garage with second parking outside "tandem" style. Enjoy the a gorgeous clubhouse with a fitness centre & entertaining room. Fremont Village & Dominion Triangle with shopping, restaurants, craft brewery, coffee shops + schools, Blakeburn Lagoons, Traboulay Trails, Carnoustie Golf Club & transit, all this within walking distance of this home. Don't miss this cutie...


http://www.listings.360hometours.ca/14572


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Just Released: Royal LePage 2019 Canadian Recreational Property Report

Prices forecast to rise 4.7%; spring buyers braved rain and cold to shop for the perfect cottage
 

To: Royal LePage Broker/Owners, Managers, Sales Representatives and Administrators

The 2019 Royal LePage Canadian Recreational Property Report was shared with media early this morning, revealing insights and data from a cross-Canada survey of some of the company's recreational property specialists.

Key highlights from the national release include:

  • Leading up to the 2019 spring market, Canada's recreational properties saw healthy price gains rising 5.0 per cent (year-over-year) to $411,471.
  • Royal LePage forecasts another year of solid gains by March 2020 with prices expected to increase 4.7%.
  • Ontario and Alberta saw greater aggregate price increases than other provinces, rising 7.2 and 10.2 per cent, respectively. In Alberta, the larger market of Canmore influenced this increase, with an 11.4 per cent pickup in price.
  • Quebec experienced a 6.3 per cent year-over-year sales increase for single-family properties in reporting recreational communities, as supply was able to meet demand.
  • Atlantic Canada offers a good selection of recreational property at affordable price points. Year-over-year, the aggregate price of a single-family home in reporting regions rose 5.9 per cent to $257,965.
  • In the Prairies, reporting regions saw softening in both prices and sales over the past year, with the aggregate price for a single-family home in recreational areas decreasing 6.3 per cent to $194,147. Sales dipped 3.4 per cent during the same period. However, this softening may spur sales for 2020.
  • Recreational property sales in British Columbia softened year-over-year, with a decrease of 22.5 per cent in reporting regions. While the aggregate price of a single-family home in these areas is relatively flat (0.4%), the aggregate price is forecast to increase by 1.7 per cent in 2020.
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September 2019
Metro Vancouver housing market sees summer uptick in sales

Home buyer activity increased to more typical levels in Metro Vancouver throughout the summer months.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,231 in August 2019, a 15.7 per cent increase from the 1,929 sales recorded in August 2018, and a 12.7 per cent decrease from the 2,557 homes sold in July 2019.


Last month’s sales were 9.2 per cent below the 10-year August sales average.


“Home sales returned to more historically normal levels in July and August compared to what we saw in the first six months of the year,” said REBGV President Ashley Smith. 


There were 3,747 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2019. This represents a 3.5 per cent decrease compared to the 3,881 homes listed in August 2018 and an 18.8 per cent decrease compared to July 2019 when 4,613 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,396, a 13.3 per cent increase compared to August 2018 (11,824) and a 5.9 per cent decrease compared to July 2019 (14,240).


For all property types, the sales-to-active listings ratio for August 2019 is 16.7 per cent. By property type, the ratio is 12 per cent for detached homes, 18.4 per cent for townhomes, and 21.2 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“With more demand from home buyers, the supply of homes listed for sale isn’t accumulating like earlier in the year. These changes are creating more balanced market conditions,” Smith said.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,300. This represents an 8.3 per cent decrease over August 2018 and a 0.2 per cent decrease compared to July 2019.


Sales of detached homes in August 2019 reached 706, a 24.5 per cent increase from the 567 detached sales recorded in August 2018. The benchmark price for detached homes is $1,406,700. This represents a 9.8 per cent decrease from August 2018 and a 0.7 per cent decrease compared to July 2019.


Sales of apartment homes reached 1,116 in August 2019, an 8.9 per cent increase compared to the 1,025 sales in August 2018. The benchmark price of an apartment property is $771,000. This represents a 7.4 per cent decrease from August 2018 and a 0.1 per cent increase compared to July 2019.


Attached home sales in August 2019 totalled 409, a 21.4 per cent increase compared to the 337 sales in August 2018. The benchmark price of an attached unit is $654,000. This represents a 7.8 per cent decrease from August 2018, a 0.2 per cent increase compared to July 2019.


Download the August 2019 stats package. 

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Welcome to 1904-2355 Madison Ave. This two bedroom / two bathroom corner unit condo has a fabulous view of the North Shore Mountains to Lions Gate Bridge to the Sparking Lights of Vancouver. This home has floor to ceiling windows, with 9 feet ceiling. Relax in your living room in front of the fireplace. Kitchen with stainless steel appliances and stone counter tops. In suite laundry. Master bedroom with 4 piece ensuite. Second bedroom for home office or nursery. Relax on your deck and enjoy the summertime fireworks. Indoor pool, gym and club house. Two parking spots. Walk to transit, shopping or your favorite restaurant. Don't miss this beauty. Live the Condo Lifestyle at its best...OPEN HOUSE SUNDAY MAY 5th 2:00-4:00... SEE YOU THERE
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Sluggish Start to 2019 Provides Silver Lining for First-time Home Buyers in the Country’s Largest Cities

  • National home price growth slowed to 2.7 per cent year-over-year in the first quarter of 2019
  • Home prices in western Canada forecast to decline
  • Price growth in the Greater Toronto Area (GTA) remains steady, supported by low inventory
  • Slowdown in Greater Vancouver driven by policy changes
  • Greater Montreal Area home price growth continues to outpace the GTA and Greater Vancouver
  • Ottawa home prices inch ahead of Calgary for the first time

TORONTO, April 4, 2019 – According to the Royal LePage House Price Survey[1] released today, Canada’s residential real estate market showed slowing year-over-year price growth in the first quarter of 2019.

Early in 2018, Canada experienced the most significant housing correction since the 2008 financial crisis. Markets showed signs of recovery late in the year, yet the figures for early 2019 suggest that the market has once again slowed.

The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation’s largest real estate markets, showed that the price of a home in Canada increased just 2.7 per cent year-over-year to $621,575 in the first quarter of 2019, well below the long-term norm of approximately 5 per cent. When broken out by housing type, the median price of a two-storey home rose 2.6 per cent year-over-year to $729,553, while the median price of a bungalow rose 1.1 per cent year-over-year to $513,497. Condominiums remained the fastest growing housing type on a national basis, rising 5.4 per cent year-over-year to $447,260.

Looking ahead to the second quarter, Royal LePage expects national home prices to stay relatively flat throughout the 2019 spring market, with the national aggregate price of a home increasing 1.0 per cent over the next three months. Meanwhile, the housing markets in several larger Canadian cities have shown noticeable signs of slowing, with nearly half of the regions in Royal LePage’s Quarterly Forecast[2] anticipating quarter-over-quarter price declines. Notably, Royal LePage is expecting home prices in Greater Vancouver to fall 1.4 per cent over the next quarter. Ottawa is expected to post the highest price appreciation during the spring market and is forecast to rise 2.8 per cent to $482,459 during the second quarter.

“We are expecting this to be a sluggish year overall in Canada’s residential real estate market, with the hangover from the 2018 market correction and weaker economic growth acting as a drag on home price appreciation, balanced by lower for longer interest rates,” said Phil Soper, president and CEO, Royal LePage. “There is a silver lining here. This slowdown gives buyers, and first-time buyers in particular, an opportunity to buy real estate in our country’s largest cities.”

The global economy hit a soft spot entering the new year. The economic downturns in China and Germany, ongoing trade disputes, and slowing U.S. growth support a relatively muted global outlook. The upside for the Canadian housing market is the increased likelihood that interest rate hikes are on hold for the foreseeable future.

“Canada is certainly affected by negative global macroeconomic trends, yet full-time job creation in our country is very strong, and full-time employment turns renters into buyers,” said Soper. “The medium-term outlook for housing remains very positive.”

In the federal budget tabled by Finance Minister Bill Morneau in March, the Canadian government announced three new or enhanced housing programs. The First-Time Home Buyer Incentive is a three-year, $1.25 billion shared equity mortgage program whereby the Canadian Housing and Mortgage Corporation (CMHC) will co-invest up to five per cent of the purchase price of an existing home. Further, for the first time in a decade, there was an increase in the registered retirement savings plan withdrawal limits in the Home Buyers Plan. The increase, from $25,000 to $35,000, was the largest since the program’s inception in 1992. Finally, an additional $10 billion in financing over nine years was earmarked for the construction of purpose-built rental housing.

“Like many government initiatives, the new housing programs have supporters and critics,” said Soper. “Prospective home buyers and the hundreds of thousands of Canadians who directly or indirectly earn their living from real estate activity should remember that there were many policy areas competing for attention. In 2019, housing captured the attention and support of federal lawmakers, which is a welcome and necessary development.

Some critics believe that the narrowly focused federal housing initiatives will overstimulate already expensive markets. We disagree. Eroding affordability risks taking the dream of homeownership away from young Canadian families,” said Soper. “Without a healthy influx of first-time buyers, the entire cycle of real estate activity can stall. There is the chance, however, that activity levels in the spring of 2019 will be reduced as some delay purchases, waiting for the First-Time Home Buyer Incentive to kick-in.”

Driven by supply-side shortages, and augmented by an improving job market, home price appreciation in Ontario heavily influenced the national results in the first quarter of 2019. If Ontario is excluded from the Royal LePage National House Price Composite, Canadian price appreciation would sit at a modest 0.4 per cent increase compared to 2.7 per cent.

“The City of Toronto is still one of Canada’s fastest appreciating real estate markets,” said Soper. “Detached home prices are rising in line with inflation, but condominium prices are increasing at near double-digit levels as vertical living has become the primary new-build option in this growing, world-class city.”

Median home prices in the City of Toronto rose 5.8 per cent year-over-year in the first quarter of 2019. Two-storey home prices and bungalow home prices rose 4.8 per cent and 2.5 per cent year-over-year, respectively, while condo prices rose a weighty 9.3 per cent year-over-year. The overall GTA’s aggregate home price rose 3.4 per cent over the same period.

Real estate values in Ontario’s Golden Horseshoe region continued to appreciate at a brisk clip, as local economies grew and workers from the GTA looked to trade commuting time for lower house prices. Niagara/St. Catharines, Hamilton, and Kitchener/Waterloo/Cambridge aggregate prices were up by 6.9 per cent, 6.3 per cent and 8.9 per cent, respectively.

In eastern Ontario, Ottawa home prices appreciated by 7.7 per cent year-over-year. One of the principal advanced technology regions in North America, and home to much of the federal government’s labour force, household formation in the national capital region has been robust. The aggregate price of a home in Ottawa has now surpassed that of Calgary for the first time, a trend unforeseen five years ago.

Other notable price increases for Ontario cities include Kingston at 10.3 per cent increase, and in western Ontario, London and Windsor both experienced double-digit home price increases, rising 10.7 per cent and 12.4 per cent year-over-year, respectively.

While the overall provincial economy remains strong in British Columbia, its housing market remains vulnerable as government intervention continues to drive down real estate activity. For the first time since 2012, Greater Vancouver home prices declined year-over-year, with the aggregate price dipping 1.5 per cent for the first quarter of 2019 to $1,239,306, while overall listing volumes are increasing.

“The Greater Vancouver area remains one of the most desirable places to live in the world. Population growth is driving household formation and employment levels high. Yet policy intervention has induced a drop in home sales to levels not seen in three decades,” Soper said. “Hammering consumer confidence and artificially choking off demand with a series of new taxes and restrictive regulations doesn’t eliminate the need for new housing, it simply sidelines families in the short-term and fuels a disruptive boom-bust cycle.”

Some of the most desirable regions in Greater Vancouver are seeing home price declines. Properties in the region’s higher-end markets like West Vancouver, North Vancouver, Burnaby, and the City of Vancouver are all declining in price offering buyers seeking luxury housing a rare window of opportunity to enter some of Canada’s highest priced markets.

Despite a recent rally in world oil prices, activity levels in the Canadian energy sector remain muted. While it is unlikely that the province will enter a technical recession, economic activity in Alberta is forecast to remain sluggish. The aggregate price of a home in Calgary, Edmonton, and Fort McMurray fell marginally by 1.5 per cent, 1.0 per cent, and 0.8 per cent to $468,974, $371,782 and $576,211, respectively.

In the first quarter of 2019, the aggregate price of a home in the Greater Montreal Area increased 5.5 per cent year-over-year to $406,332. The rate of home price appreciation in the Greater Montreal Area once again surpassed rates seen in the GTA (3.4 per cent), Greater Vancouver (-1.5 per cent) and the national average (2.7 per cent). All three reported housing types saw gains this quarter, with median home prices for two-storey homes, bungalows, and condominiums rising 6.4 per cent to $514,412, 3.7 per cent to $316,159 and 5.2 per cent to $328,488, respectively.

Economic activity in Atlantic Canada remains a mixed bag. Prince Edward Island is seeing solid economic growth, but persistently high unemployment rates have resulted in an aggregate price increase for a Charlottetown home of only 0.7 per cent year-over-year to $288,230. The demographics in Nova Scotia are favourable, as the province is benefiting from higher immigration and interprovincial migration numbers, and the region has a strong export sector. The aggregate price for a home in Halifax increased 1.6 per cent year-over-year to $318,733.

Meanwhile, the outlook for New Brunswick is mixed, with forecasters anticipating gains from an improving commodity sector will offset a declining population and an 8.5 per cent unemployment rate. In the first quarter, the aggregate price of a home in Saint John increased 1.9 per cent year-over-year to $213,290, while the aggregate price for a home in Moncton decreased 1.3 per cent year-over-year to $192,185. Similarly, the economy in Newfoundland and Labrador is sending mixed signals, as the current unemployment rate is 11.8 per cent but natural resource projects like the syndicate-operated Hebron Project, Husky’s White Rose oil field, and Vale’s Voisey’s Bay nickel mine are all expected to ramp up production. The aggregate price of a home in St. John’s decreased 5.6 per cent year-over-year to $324,955.

Read more about regional trends here.

Aggregated regions and the Royal LePage National House Price Composite (.PDF)

Q2 2019 Royal LePage Quarter-over-Quarter Forecast (.PDF)

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Spring 2019 | Volume 17, Issue 2

 
 
 

Canadian real estate market begins recovery from the most significant housing correction in a decade

 
 
 

According to the Royal LePage House Price Survey1, year-over-year home prices made healthy gains in many regions across Canada in the fourth quarter of 2018, continuing the recovery from the most significant housing correction since the financial crisis. Once again, the Greater Montreal Area saw the highest year-over-year home price appreciation rate of the three largest Canadian metropolitan areas studied.

The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation's largest real estate markets, showed that the price of a home in Canada increased 4.0 per cent year-over-year to $631,223 in the fourth quarter of 2018. When broken out by housing type, the median price of a two-storey home rose 3.9 per cent year-over-year to $745,007, while the median price of a bungalow climbed 1.5 per cent to $516,950. Condominiums continued to see the highest rate of appreciation nationally when compared to the detached segment, rising 7.2 per cent year-over-year to $447,915.

"The invisible hand that guides our complex economy hit the real estate reset button in 2018 and that is a good thing," said Phil Soper, president and CEO, Royal LePage. "Major market home price inflation through much of the decade had led to dangerous overheating in our most populous regions. Government regulatory intervention and rising interest rates, when combined with property price overshooting, triggered the correctional cycle we find ourselves working through today."

The Canadian economy is performing well overall, with pockets of uncertainty. Persistently weak oil prices driven by domestic market access bottlenecks and global supply gluts have hit Western Canada hard, and trade tensions between China and the U.S. in particular are impacting consumer confidence across the continent.

"While some economists are adjusting their forecast for the economy as a whole, Canada's real estate market is beginning to emerge from the correction that began a year ago. The national real estate market is stable and should see modest price gains by the end of the 2019," said Soper.

Royal LePage projected modest home price appreciation in 2019 in its recent forecast, expecting the aggregate price of a home in Canada to rise 1.2 per cent in Canada over the next year.

To view the chart with aggregated regions and markets visit www.royallepage.ca/houseprices

For more information see www.royallepage.ca/mediaroom

1 Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions.

 
 
 

Your Spring maintenance checklist

 
 
 

Maintaining your home is crucial in preserving its value. By taking small actions throughout the year, you can save money by catching problems early, or even prevent them, before significant damage takes place. As soon as the snow thaws it's the best time to do the rounds, both inside and outside your home, to make sure everything is working the way it should.

 
  infographic  
     
   
 
 

Create a stress-free kitchen

 
 
 

No matter its size, most people feel like there is never enough space in their kitchen. While ample space is key for a great kitchen, organizing it properly can save time too. After all, it is the most used room of a home. Here are some helpful tips to create a functional and stress-free kitchen.

Give each cabinet a purpose. The first step is to group

   
 

items and give each group a designated space. Not only will this allow you to find every item easily, you are less likely to use the space for items that don't belong there. Limit bottom cabinets to cleaning supplies, large pots or appliances and items that are rarely used.

Put items you need the most in easy to grab spots. Measuring spoons, oven mitts and your go-to saucepan should be quickly accessible for stress-free, day-to-day use. Also, by keeping items close to where they are most used, you will find everything is exactly where you need it.

Increase visibility in your fridge and pantry. Clear containers and additional shelving will allow you to quickly locate items in your fridge. As for your pantry, consider using clear stackable bins, adjusting your shelves and work in levels. Adding a little light will go a long way!

Think outside the kitchen. Fancy dishes, large appliances that haven't been used in months and unread cookbooks are great examples of items that do not need to be stored in your kitchen. Finding new homes for less-used items outside the kitchen is one of our favourite space-saving ideas.

 
     
   
 
 

Go for it! Paint your front door

 
 
 

A vibrant red, bright turquoise, regal blue or even mustard yellow. Bold colour choices can make your home stand out. With warm sunny days around the corner, it's the perfect time to plan an exterior paint project. Here is some advice to get you started.

  • Don't only look for an exterior paint, make sure the paint you choose is right for the door's material

   
 

(wood, metal). Be sure to remember if you choose an oil-base or latex paint, as you can't switch back and forth, for the inevitable future touch-ups.

  • Tape your colour swatch to the door and see how the colour looks at different times during the day.

  • Pick a warm, dry day and get started early! Before painting, you will need to remove your door and the hardware from its surface.

  • Thoroughly clean the door so dirt does not get trapped in the paint.

  • Don't forget to use a primer coat. It's the best way to get the most out of your new colour.

 
     
   
 
 

Honoured with prestigious philanthropy award

 
 
 

Royal LePage Shelter Foundation has received the 2018 Philanthropy Award for Outstanding Corporation from the Association of Fundraising Professionals, Greater Toronto Chapter. Presented to a corporation or its charitable foundation, this award celebrates the contribution of time, leadership and financial support of a special group of Canadians who set new benchmarks of excellence in the acts of giving and volunteering.

   
 

"We are honoured to have been nominated by our partner, Canadian Women's Foundation, and to be recognized as philanthropic leaders," said Phil Soper, president and CEO, Royal LePage. "This award reflects the tireless and passionate efforts of our national network of REALTORS® and broker-owners who support the Royal LePage Shelter Foundation and its mission to promote safer homes and communities."

Royal LePage Shelter Foundation has raised more than $29 million in its 20 year history and helps local women's shelters provide a safe haven and new beginnings for more than 50,000 women and children every year. It is the largest public foundation in Canada dedicated exclusively to supporting women's shelters and domestic violence prevention programs. Royal LePage offices are partnered with a women's shelter in their community and agents make donations from their sales commissions, organize fundraising events and provide in-kind contributions.

"I am so grateful to Royal LePage agents, brokers and employees for their unwavering determination to help women and children lead safer, happier and more hopeful lives. I am thrilled that their efforts are being recognized with the 2018 Philanthropy Award for Outstanding Corporation," said Shanan Spencer-Brown, executive director, Royal LePage Shelter Foundation.

Royal LePage is the only major real estate company with its own charity. The company pays all of the Foundation's administrative costs allowing the total amount raised to remain in local communities. Learn more at www.royallepage.ca/shelter.


11th Annual National Garage Sale for Shelter
Saturday, May 11, 2019

Mark your calendars!
Held at Royal LePage offices and on front yards and driveways across Canada, the National Garage Sale for Shelter raises critical funds for local women's shelters that offer safety and support to thousands of women and children fleeing domestic violence each year.

Since 2009, the National Garage Sale for Shelter has raised $3 million for women's shelters across the country. Because Royal LePage Canada covers the foundation's administrative costs and sponsors underwrite event expenses, 100% of all funds raised go directly to this important cause.

How can you help?
Please donate gently used items to a participating Royal LePage office and visit the National Garage Sale for Shelter in your community to shop for great deals and unique treasures. You'll be helping women and children escape abuse and create a future that is safe and full of hope.

For more information, please contact the Royal LePage office in your community or email shelterfoundation@royallepage.ca.

 
     
   
 
 
     
 
   
 
  Marie Taverna  

Marie Taverna

Real Estate Agent

604.351.0141


kmtaverna@gmail.com

MarieTaverna.com

 
 
 

2185 Austin AVENUE

Coquitlam ,  BC V3K3R9

Brokerage Phone: 604.939.6666

 


 
 


 

 
     
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