MARIE & KIM TAVERNA

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Downtown Vancouver for Fleurs de Villes ROSÉ – a fresh floral trail supporting breast cancer research.


From June 11-20, this stunning showcase of floral talent will be freely open to the public and will feature over 50 stunning floral installations, created by some of Vancouver’s favourite florists.


Supported by the Downtown Vancouver and Robson Street business associations, Fleurs de Villes ROSÉ will be freely open to the public, and visitors will be able to safely walk through this self-guided trail through the downtown core while adhering to social distancing

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Downtown Vancouver for Fleurs de Villes ROSÉ – a fresh floral trail supporting breast cancer research. From June 11-20, this stunning showcase of floral talent will be freely open to the public and will feature over 50 stunning floral installations, created by some of Vancouver’s favourite florists. Supported by the Downtown Vancouver and Robson Street business associations, Fleurs de Villes ROSÉ will be freely open to the public, and visitors will be able to safely walk through this self-guided trail through the downtown core while adhering to social distancing guidelines.
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Bank of Canada Interest Rate Announcement - June 9, 2021

The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent target. The  Bank projects that will not occur until the second half of 2022. The Bank is also continuing its quantitative easing (QE) program, purchasing at least $3 billion of Government of Canada bonds per week. In the statement accompanying the decision, the Bank expects that growth should pick up considerably after the second quarter in which growth was hampered by renewed lock-down measures.  On inflation, the Bank expects to see headline CPI growing at near 3 per cent for much of the summer, though largely due to "base-year" effects as prices in the recovery are measured against prices, particularly gasoline prices, from last year during the COVID-19 induced recession.  However, the Bank expects inflation will ease later in the year.

The most recent inflation data, as measured by the Consumer Price Index (“CPI”), showed a significant uptick of inflation to its highest level in a decade at 3.4 per cent, though largely due to a jump in energy prices compared to the early months of the pandemic. The question of whether higher than usual inflation is a temporary or more persistent is currently one of the most hotly debated topics in economics. The answer has significant implications for the conduct of monetary policy in Canada and therefore the trajectory of Canadian mortgage rates. The prevailing majority view on inflation seems to be tilted toward recent increases being a temporary phenomenon which should settle over the next year. If so, we should see an orderly unwinding of monetary stimulus with a gradual upward trajectory for mortgage rates beginning next year.



 






Link:  https://mailchi.mp/bcrea/bank-of-canada-interest-rate-announcement-june-9-2021

 
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705-1415 Parkway Blvd Coquitlam Coquitlam


This two bedroom + den condominium is located in the popular concrete mid-rise Cascade building in the Westwood Plateau.

From the moment your drive up to the building, you know this is the place to live. This unit is absolutely, stunningly decorated and designer pick wall colours.

Separate elegant living room & dining room.

Kitchen with wood cabinets, stainless steel appliances & stone counters. Sit at the breakfast or cocktail bar.

Cozy living with fireplace & tall windows to let in the light. Walk out to your private balcony and watch the trees sway. Large principal bedroom & spa ensuite with water closet + walk in closet. Great size second bedroom.

The den would make a fabulous home office. New washer & dryer. Two side by side parking spots. Storage locker. 

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33-795 Noons Creek in Port Moody


Welcome to the popular Heritage Terrace complex. Stunning 3 bed & 4-bath, 3 level townhome has been updated through the years from top to bottom.

From the moment you enter you will be impressed. Hardwood flooring through the main & upper floors. Large living & dining room space.

The lg kitchen boasts a newer S/S double oven gas Kitchenaid range/French-door fridge/Bosch dishwasher+portable island & wood cabinetry with quartz counters. Upstairs has the spacious master suite for your king size furniture, walk-in closet & ensuite with walk-in shower, double vanity, quartz counters & heated floor.

Main bath & 2 other bedrooms.

Walkout basement level features a custom walk-in glass wine cellar & roughed-in wet bar in the large, bright rec room with sleek, efficient fireplace+office & powder room. Newer on-demand hot water & furnace. Patio for summertime dining.

Walk everywhere from this fabulous location. Owners pride shows throughout. 





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Do you dream of owning a little piece of cottage country heaven? Have you ever asked yourself what it would take to make that dream a reality? ✨

Check out this recent Royal LePage blog post for tips and considerations to help you determine if purchasing a recreational property is right for you. ‍♀️

Don't forget to subscribe to the Royal LePage blog to receive weekly newsletters with new and interesting content!

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Royal LePage Canada Post

Make the most of summer with a home that celebrates living indoors and out — and maybe even blurs the line between the two! ☀️✨

Check out these beautiful summer decorating ideas to get your home into an easy, breezy state of mind.

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In which gorgeous House & Home cottage dining space would you most like to enjoy a delicious meal (and glass of wine!) this weekend? 

A. Sunny & Sleek
B. Coastal Clean
C. Farmhouse Dream
D. Modern Mood

Which is your favorite?

I love them all :)
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The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold in April 2021.



Last month’s sales were 27.7 per cent above the 10-year May sales average.


“While home sale and listing activity remained above our long-term averages in May, conditions moved back from the record-setting pace experienced throughout Metro Vancouver in March and April of this year,” Keith Stewart, REBGV economist said. “With a little less intensity in the market today than we saw earlier in the spring, home sellers need to ensure they’re working with their REALTOR® to price their homes based on current market conditions.”


There were 7,125 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2021. This represents a 93.4 per cent increase compared to the 3,684 homes listed in May 2020 and a 10.2 per cent decrease compared to April 2021 when 7,938 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,970, a 10.5 per cent increase compared to May 2020 (9,927) and a 7.1 per cent increase compared to April 2021 (10,245).


"With sales easing down from record peaks, a revised mortgage stress test that reduces the maximum borrowing amounts by approximately 4.5 per cent, and the average five-year fixed mortgage rate climbing back over two per cent since the beginning of 2021, we’ll pay close attention to these factors leading into the summer to understand what affect they’ll have on the current market cycle,” Stewart said.


For all property types, the sales-to-active listings ratio for May 2021 is 38.9 per cent. By property type, the ratio is 29.8 per cent for detached homes, 53.8 per cent for townhomes, and 43.5 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.


“The seller’s market conditions experienced throughout much of the pandemic highlight the need for increasing the volume and variety of housing supply across our region,” Stewart said. “Doing this requires a more disciplined focus on planning, reducing building costs, understanding demographic changes, and expediting the building approval process.”


The MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver is currently $1,172,800. This represents a 14 per cent increase over May 2020 and a 1.5 per cent increase compared to April 2021.


Sales of detached homes in May 2021 reached 1,430, a 166 per cent increase from the 537 detached sales recorded in May 2020. The benchmark price for a detached home is $1,800,600. This represents a 22.8 per cent increase from May 2020 and a 1.7 per cent increase compared to April 2021.


Sales of apartment homes reached 2,049 in May 2021, a 213 per cent increase compared to the 653 sales in May 2020. The benchmark price of an apartment home is $737,100. This represents a 7.9 per cent increase from May 2020 and a 1.2 per cent increase compared to April 2021.


Attached home sales in May 2021 totalled 800, a 168 per cent increase compared to the 298 sales in May 2020. The benchmark price of an attached home is $936,300. This represents a 16.3 per cent increase from May 2020 and a 1.8 per cent increase compared to April 2021.


Click here to download the May 2021 stats package.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.