MARIE & KIM TAVERNA

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In honor of St. Patrick's Day tomorrow, I thought we could talk about all things green.

When it comes to home decorating, the color green can evoke powerful emotions. It symbolizes growth, renewal, abundance, peace, and security.

And, who wouldn't want all those good feels in their home?

Here's some tips for using green in your home:

Tip #1 - The best rooms for going green

Green is a great color choice for any room where you want to create the feeling of luxury, or a feeling of being safe and secure.

It can make a great statement wall in a dining room, or be a peaceful color for a bedroom. Lately, it's also become a popular color for kitchen cabinets.

Dark Greens - great for dining room and bedroom accent walls, a home office, and kitchen/bath cabinetry

Light Greens - perfect for bedrooms

Gorgeous green accent wall from Angela Rose Home

Tip #2 - Green paint colors can be tricky

Green paint colors often have undertones that can make it challenging to find the perfect one, so sampling and testing them is KEY!

If you read my post about the 2022 paint colors of the year, then you already know that gray-greens were a clear trend. Expect to see a lot of gray-green this year on everything from walls to cabinets.

Here are some of my favorite green paint colors (from dark to light):

Tip #3 - The best colors to pair with green

Greens are versatile and play well with others. They work very well with colors that are next to them on the color wheel (blues and yellows), or opposite on the wheel (reds). And, of course, they also look great with neutrals

Here are come of the best colors to pair with green:

  • Neutrals (blacks, whites, grays, browns, beiges)
  • Navy blue
  • Icy blues and turquoise
  • Rust and terracotta
  • Pinks, corals, and mauves
  • Burgundy

Tip #4 - Add a little green-ery to every room in your home

Plants are a crucial element of a well-designed home. Not only do they add color and texture to a space, but they have a way of making a room feel more cozy and finished.

Here's an easy and clear rule you should be following:

Use at least one plant or floral in every room of your home.

Yes, that includes the bathroom.

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Welcome to Inglenook…This fabulous bright top floor 2 bedroom & 2 bath condo is a pleasure to show. Functional floorplan with 9-foot ceilings. Easy care flooring through most of the home with carpet in bedrooms. Electric fireplace in living room & sliders to a large, covered balcony, with storage alcove. Stainless steel fridge, gas range & fan in kitchen. Primary bedroom with walk in closet. Ensuite with deep soaker tub. Main bath with walk-in shower. Good size 2nd bedroom. In suite laundry. 2 pets allowed. Enjoy the 15,000+ sq ft Canoe Club with outdoor pool/hot tub/gym/guest suites/indoor court/party room+more. A short stroll to the Skytrain, Brewery Row, Rocky Point Park, Café Divano, Newport Village& Suter Brook for fabulous restaurants & shopping. Call your Realtor to book a showing.
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6 Brackenridge Place Port Moody


Welcome to 6 Brackenridge in Heritage Mountain. This fabulous executive 4/5 bedroom & 4 bath home is just what you have been waiting for. Located on a quiet cul-de-sac street, this home has had many updates through the years. Elegant living room & dining area with new wood flooring. The gourmet kitchen is the show piece of the main floor. Stunning wood cabinets, gleaming S/S appliances & quartz counters tops, large walk-in pantry would make a chef proud. Large eating area & family room also finish this area. Large concrete sundeck for bbqing or relaxing & taking in the beautiful greenbelt.  Upstairs boosts 3 bedrooms & 2 updated bathrooms. The lower floor would make a great teen area or perhaps an in-law suite, with an updated spa-like bathroom. Sliders leads to an extra-large patio. Beautifully landscaped fully fenced backyard has easy care green turf, perfect for the kids or Fido. Truly a pleasure to show…

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As widely expected, the Bank of Canada raised its overnight policy rate this morning to 0.5 per cent, an increase of 25 basis points. In the statement accompanying the decision the Bank noted that the invasion of Ukraine by Russia has added a major new source of uncertainty to the global economy, and it expects the fallout to include upward pressure on inflation and possible supply disruptions. However, economic growth in Canada finished 2021 stronger than expected and persistently higher inflation increases the risk up a continued upward move in inflation expectations. As such, the Bank states that it believes interest rates will need to rise further.

The Bank must now contend with inflation and inflation expectations that are much higher than the Bank is comfortable with, while also monitoring the potential impact of the Russian invasion of Ukraine on financial markets and commodity prices.  While we expect the Bank will continue to tighten, ultimately bringing its overnight rate to 1.75 per cent by early 2023, there is clearly more uncertainty in the global economy now than when the Bank decided to embark on this tightening cycle. That uncertainty is already being reflected in long-term Canadian interest rates, with the once rapidly ascending 5-year Govt of Canada bond yield falling about 30 basis points in recent days. 

For an analysis of how this rate-tightening cycle may impact the BC housing market, please see our most recent Market Intelligence Report, "Too Tight? The Impact of Bank of Canada Tightening on BC Housing Markets"

 





Link:  https://mailchi.mp/bcrea/bank-of-canada-interest-rate-announcement-m3zj4psoqd
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Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February


The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.  


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1 per cent decrease from the 3,727 sales recorded in February 2021, and a 49.8 per cent increase from the 2,285 homes sold in January 2022. 


Last month’s sales were 26.9 per cent above the 10-year February sales average. 


“As we prepare to enter what’s traditionally the busiest season of the year, the Metro Vancouver housing market is seeing more historically typical home sale activity and a modest uptick in home listing activity compared to last year,” Taylor Biggar, REBGV Chair said.   


There were 5,471 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2022. This represents an 8.4 per cent increase compared to the 5,048 homes listed in February 2021 and a 31.2 per cent increase compared to January 2022 when 4,170 homes were listed.

 
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 6,742, a 19.3 per cent decrease compared to February 2021 (8,358) and a 19.1 per cent increase compared to January 2022 (5,663). 


“Despite having a higher volume of people listing their homes for sale in February, the region’s housing market remains significantly undersupplied, which has been pushing home prices to new highs month after month,” Biggar said. 

 
For all property types, the sales-to-active listings ratio for February 2022 is 50.8 per cent. By property type, the ratio is 34.9 per cent for detached homes, 64.3 per cent for townhomes, and 62.2 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. 


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,313,400. This represents a 20.7 per cent increase over February 2021 and a 4.6 per cent increase compared to January 2022. 


“A lack of housing supply is at the heart of the affordability challenges in Metro Vancouver today. We need more coordinated action from stakeholders at all levels to help create an ample, diverse supply of housing options for residents in the region today and into the future,” Biggar said.


Sales of detached homes in February 2022 reached 1,010, an 18 per cent decrease from the 1,231 detached sales recorded in February 2021. The benchmark price for detached properties is $2,044,800. This represents a 25 per cent increase from February 2021 and a 4.7 per cent increase compared to January 2022. 


Sales of apartment homes reached 1,854 in February 2022, a 5.4 per cent increase compared to the 1,759 sales in February 2021. The benchmark price of an apartment property is $807,900. This represents a 15.9 per cent increase from February 2021 and a 4.1 per cent increase compared to January 2022. 


Attached home sales in February 2022 totalled 560, a 24 per cent decrease compared to the 737 sales in February 2021. The benchmark price of an attached unit is $1,090,000. This represents a 27.2 per cent increase from February 2021 and a 5.9 per cent increase compared to January 2022. 


Download the February 2022 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.