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TAVERNA REAL ESTATE GROUP
How to make your renovation eco-friendly
Posted on
October 15, 2024
by
Marie Taverna
HOUSE PRICE SURVEY
Posted on
October 15, 2024
by
Marie Taverna
Canadian Inflation (September 2024) – October 15th, 2024
Posted on
October 15, 2024
by
Marie Taverna
Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market
Posted on
October 6, 2024
by
Marie Taverna
SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag. The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and by more than 10 per cent over September 2023. Again, seasonally adjusted sales were the second slowest in a decade in the Fraser Valley. “With three rate cuts already and more expected before the end of the year, buyers are watching the market closely to time their purchasing decisions,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “The current conditions should favour buyers, particularly in the detached market, however until we start to see some movement in asking prices, properties will continue to sit on the market for extended periods as both buyers and sellers await the next rate announcement.” New listings rose in September, up 21 per cent to 3,352, an increase of 17 per cent year-over-year. Overall inventory increased five per cent from August to September to 9,045, up 39 per cent over last year. The combination of declining sales and rising inventories has helped to create balanced, and in some cases, buyers’, market conditions in the Fraser Valley. “We know the demand is there among Fraser Valley buyers,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “After months on the sidelines, buyers want to get into the market but many also need to sell before they can buy. When you factor in affordability challenges and the anticipation of more interest rate cuts, we are seeing persistent weakness in the market. In conditions like these, we encourage buyers and sellers alike to talk to their REALTOR® to assess the risks and opportunities before making a decision.” Across the Fraser Valley in September, the average number of days to sell a single-family detached home was 35, while for a condo it was 37. Townhomes took, on average, 30 days to sell. Benchmark prices in the Fraser Valley dipped again in September, with the composite Benchmark price down 1.4 per cent to $978,800. To read the full statistics package, click here How to winterize your lawn and garden
Posted on
October 6, 2024
by
Marie Taverna
A lush lawn and blooming flower beds are the pride and joy of many homeowners. Canada’s harsh winters, however, can quickly squash the hard work you’ve put into nurturing and maintaining your outdoor spaces during the summer months. To ensure that your backyard gets off to a good start when spring arrives, a little prep work before the snow hits can do a world of good. Help prepare your lawn and garden for colder weather this year by following these winterization tips. Care for your annuals and perennials When it comes to winterizing your garden beds, show your plants and flowers some love. Start by removing any annuals (plants that are only around for one growing season, such as sunflowers, tomatoes and varieties of lettuce). Removing annuals will rid your beds of lingering bacteria, and prevent any potential pests or diseases from building up during the winter. For your perennial plants, give them a healthy trim back and a final water before the end of the season. Perennials with large and dense roots can be cut and divided into smaller plants to support better regrowth in the spring. Bring delicate plants, such as succulents or potted bulbs, indoors to prevent frost damage. Cover any shrubs or plants that can’t be moved inside with landscape fabric or burlap to protect them from harsh weather conditions. Get down in the dirt Just like your plants, your soil also needs some help preparing for the winter ahead. Remove any weeds, dead plant debris and buried root vegetables from your soil before the first hard frost sets in. Spread mulch over your soil and around the base of trees to provide a protective layer from frost and a barrier that will help to keep moisture and temperature levels consistent for your plants. When cleaning up your soil, you may also want to consider planting bulbs for the following spring, such as crocus, tulips and daffodils. Show your lawn a little TLC The ground gets compacted and cold during the winter, which can make it difficult for lawns to recover post-thaw. Help your lawn out by aerating it in the fall to loosen soil and ensure better drainage. Instead of raking all of the tree leaves off of your lawn, cut your grass long — approximately two to three inches high — and leave a layer of shredded leaves on top. Mowing the leaves into tiny pieces will allow your lawn’s soil to absorb nutrients from the fallen debris more efficiently while still letting light and moisture through. In low-traffic areas where your lawn is patchy and damaged, overseed in the early fall for best results in the spring. Add a boost of nutrients As your garden prepares for hibernation, it helps to give your outdoor greens some needed nourishment. If you have a compost bin, sprinkle this material on your flower beds to help them replenish their nutrients post-winter, and top up your bin with any leaves, grass clippings or debris from your winterization clean up. You can give your lawn a final dose of sustenance too with the help of special winter grass fertilizer that contains nitrogen and potash. Not all of your fallen leaves have to end up in paper bags. Instead, add mulched leaves to your perennial flower beds and vegetable gardens as an insulating layer and a source of valuable nutrients for the soil. ContributorMichelle McNallyCommunications manager, Royal LePage How to get your home Halloween ready
Posted on
October 6, 2024
by
Marie Taverna
No matter your age, Halloween can be one of the most playful, spirited (and spooky!) times of the year. It only occurs once every 365 days, so why not make the most of it and step into some festive fall fun?! We’ve rounded up five of our favourite, most memorable ways to celebrate the season – from adorning your home with hauntingly boo-tiful holiday decor, to indulging in devilishly decadent Halloween-inspired recipes. The countdown to October 31st is already on. Here are our ghoul-proof ideas to ensure a spooktacular Halloween that is all treat… and no trick!
Anne-Elise Cugliari AllegrittiDirector of Communications, Royal LePage Decorate your home with ease this fall
Posted on
October 6, 2024
by
Marie Taverna
Fall is a beautiful time of year. As the leaves change colour, pumpkin patches open, and people enjoy spiced lattes and sweater weather, it’s only fitting to add a little fall flair to your home as well. And, seasonal décor doesn’t have to be difficult or break the bank. Just in time for the Thanksgiving long weekend, here are some simple tips to warm up your home and a touch of autumn to your style: Warm up your front entrance Adorn the front of your home with fall-inspired welcome mats, wooden crates, and squash in various shapes and sizes. The beauty of fall is that there is no symmetry needed. Scatter different sized boxes, fall signs and a mix of small and large decorative pumpkins (real or fake). Hang a fall wreath made of twigs, and add a brown, orange or burgundy ribbon for a pop of colour. Decorate your dining space Beautify your home indoors with orange and earthy tones. Add a table runner, some coloured napkins on the table, and coordinating candles in the scents of the season. You can elevate your seasonal look with small squashes and gourds as centerpieces. And, don’t be afraid to bring the outside in… Design your own table arrangement with twigs, leaves and pine cones you collect. Add a cookie and coffee station Nothing says fall like warm beverages and treats while enjoying the crisp air! Impress your guests with a coffee and tea station. Set up cups, specialty teas displayed in a glass bottle, hot coffee and flavoured syrups in a section of your dining room or kitchen. Use risers or wooden trays to give the display some complexity. Add a cookie jar or cake stand with some fall goodies such as butter tarts, chocolate chip cookies, or brownies. You can also have a seasonal fruit basket with apples and pears. Make it cozy Celebrate fall with comfort by adding aromatic autumn candles… Think cinnamon, vanilla, pumpkin spice scents. Light them in the evenings for ambiance. Add fall-themed throw cushions, and add an earthy-toned warm blanket on your couch (check out Pinterest for inspiration on how to arrange pillows and blankets). These simple tricks can elevate your home decor and make it feel as warm as your pumpkin or apple pie this season! Anne-Elise Cugliari AllegrittiDirector of Communications, Royal LePage Four home decor trends for fall that are more than just pumpkins
Posted on
October 6, 2024
by
Marie Taverna
The season of pumpkin spice is once again upon us, and so are fall decorating traditions. For many of us, the transition from summer to fall is a nostalgic time to break out the spooky decor, unpack the turkey-themed table runner and adorn the front door with our favourite fall wreath. But, if dressing up the house with orange pumpkins and burlap year after year is getting a bit stale over time, there’s no harm in shaking up your fall decorating choices this season. Here are four new 2023 fall decor trends you can try in your home (sans pumpkins): Earthy tones Fall colours are traditionally defined by shades of orange, red and brown. This year, more earth-like tones are making their way into home, including varieties of sage green, warm beige and caramel, rustic brick red and earthy terracotta. You can achieve this softer, more muted fall look through coloured glassware, cushion covers, ceramics, blankets and other housewares that are easy to swap out when the seasons change. If you’re looking to add a contrasting statement piece to your interior this fall, try introducing an eye-catching accent colour with a hint of black, indigo or copper. Rustic touches Rustic furniture is a staple in fall design this year. Building off of the theme of warm and earth-inspired interiors, distressed or vintage finds will bring a touch of charm to your home this season. The most economical and environmentally-friendly way to pull off this look is with the help of your local thrift store or online marketplaces, where you’re likely to find an array of second-hand furniture, rugs and trinkets. You don’t need to spend a lot to add a ton of character to your space. Layered textures As the temperature drops, we tend to layer up with different fabrics to keep our bodies warm – it’s no different for our homes. This fall, mix and match different layers of textures and fabrics for an extra cozy feel. Whether it’s your bedding, accent cushions or rugs, get creative with different textiles, such as wool, knit, velvet, satin and cashmere. If your interior tastes are more neutral, you can still achieve this trend with a monochromatic colour palette to elevate your home. Fruits and flowers Move aside pumpkins – fruits are all the rage this year. Instead of opting for your typical array of white and orange gourds, fruits are taking centre stage in 2023. Seasonal fruits, such as apples, figs and pears, can be repurposed as place cards or arranged in bowls for a less expected fall centrepiece. Alternatively, you can showcase fruits through decorative flatware and table textiles, such as fabric napkins. If fruits aren’t really your thing, opt for dried florals instead like pampas grass, sunflowers or wheat stalks to add a touch of ‘Cottage Core’ to your living space. Bonus tip: Give attention to outdoor spaces Mild weather is known to last into mid-October in some parts of the country, meaning we can use our beloved outdoor spaces for longer periods of time. Show your balcony, patio or backyard some fall decor love too by dressing it up with lanterns, wreaths and seasonal flowers, such as chrysanthemums or hydrangeas. Add a touch of coziness around your outdoor fireplace or sitting area with water-resistant pillows and blankets in your favourite fall colours and patterns. ContributorMichelle McNallyCommunications manager, Royal LePage sGovernment of Canada Mortgage Reforms
Posted on
October 6, 2024
by
Marie Taverna
Effective December 15, 2024, the Government of Canada has increased the purchase price limit applicable to insurable mortgages from $1 million to $1.5 million, aligning with current market conditions. This means buyers can qualify for a high-ratio (less than 20% down) mortgage on home purchases up to $1.5 million, versus the current cap of $1 million. The government also announced an expansion of eligibility for 30-year mortgage amortizations, making 30-year mortgages available to all first-time homebuyers and to all buyers of new builds. These changes aim to make homeownership more accessible by reducing monthly payments and enabling more Canadians to qualify for mortgages with smaller down payments. Stats Centre Reports - September 2024
Posted on
October 6, 2024
by
Marie Taverna
The latest Stats Centre Report for Metro Vancouver is now available. Click here to view it.
The latest Stats Centre reports for the Tri-Cities are ready. You're receiving this report because our records show that your office is located in the Tri-Cities. Transaction levels spike ahead of new capital gains policy deadline
Posted on
October 6, 2024
by
Marie Taverna
SOLD TO VERY NICE BUYERS
Posted on
October 6, 2024
by
Marie Taverna
311-1009 HOWAY STREET NEW WESTMINSTER OPEN HOUSE WEEKEND $679,000.00 Welcome to Huntington West. Spacious 2 bed & 2 full bath condo is a top floor, corner unit. Located on a quite tree lined street. Lots of windows for nature light. Large living room with gas fireplace. Dining room for family dinners. Kitchen white cabinets & appliances make it bright. Large primary bedroom, perfect for you king size furniture. 4-piece ensuite. Good size 2nd bedroom. 3-piece main bath. Lovely wood flooring in living, dining & hallways. Newer carpeting in bedrooms for warmth. In-suite laundry. Sit on the deck & enjoy view. 2 parking spots+storage locker. Short stroll to the beautiful & popular Moody Park, Lord Kelvin Elementary & to Royal City Centre. Local shops & restaurants make this a well sought out neighbourhood. 5 Ways to Make Your Space Feel Bigger GlucksteinHome
Posted on
October 6, 2024
by
Marie Taverna
Try these tips to maximize your footprint GlucksteinHome Allegra daybed, GlucksteinElements Colton area rug, Ashcroft one light pendant Let’s face it, if you’re after an urban address the chances are you’re trading a sprawling backyard for a city view and sacrificing some square footage along the way. Small space living forces you to be organized, get creative with your design choices, and make some compromises, but it can also be a cozy and charming retreat at the end of the day. If you’re looking to make your space feel bigger, try these pro tips to maximize your home’s footprint. Use a Light PaletteUsing a lighter colour palette throughout your home is easily one of the quickest ways to make a room feel bigger. Keep both walls and upholstered furniture pieces in light shades for the biggest impact. Another trick is to paint walls and ceilings in the same colour. It creates a seamless look and highlights the architecture of the room. Don’t forget to warm up your space with wood or brass accents. And layer in natural textures like a wool rug or chunky knit throw for cozy feel. More design advice: How to make the most of your home office Add in MirrorsIn some cases, the challenge with a smaller room is the lack of light. Use mirrors to create continuous sightlines and the illusion of a bigger space. Placed next to a window, a mirror will reflect the natural light along with the view. And don’t forget to think beyond the walls – a mirrored coffee table or kitchen backsplash can help achieve the same reflective effect. Shop GlucksteinElements mirrors at The Home Depot Canada Look to Leggy FurnitureIf you want to make your space feel bigger, you’ll want to keep light flowing through for an airy feel. Take a look at your furniture. Chunkier pieces that sit low to the ground will break up the room and make it feel smaller. On the other hand, a slender profile sofa, sleek coffee table, or dining chair with a streamlined frame will help the room feel open and spacious. Shop GlucksteinHome furniture at Hudson’s Bay Rethink Your Window CoveringsHeavy drapery panels can add unwanted bulk and weight to a room, particularly in a smaller home. Instead, opt for light sheer drapery panels or roman blings to keep it breezy and bright in your space. Layering both options will maximizes the light darkening effect in rooms that need a bit more privacy. GlucksteinElements Stripe light filtering drapery panels, Ashton brushed nickel drapery hardware Shop GlucksteinElements drapery panels at The Home Depot Canada Shop GlucksteinElements drapery hardware at The Home Depot Canada Consider Circulation + FlowLiving in a small space will help you embrace your minimalist side. When selecting furniture, the goal is to have enough pieces to be comfortable but also enough space to circulate around the room. Double duty pieces are the urban dweller’s best friend and can always be reused if and when you move to a larger home. Don’t discount the value of a tidy home ether. Clutter is not only a physical distraction but a visual one as well. More design advice: Space-saving tips for small bedrooms Photography by A Plus Creative Tips for Hiring a Headache-Free Contractor
Posted on
October 3, 2024
by
Marie Taverna
Cost-Cutting on Your Insurance
Posted on
October 3, 2024
by
Marie Taverna
Fire Prevention 101
Posted on
October 3, 2024
by
Marie Taverna
Greater Vancouver Market Update: Gradual
Posted on
October 3, 2024
by
Marie Taverna
Recovery Anticipated Following Interest Rate Reductions Homes across the Greater Vancouver Region continued to sell, with steady activity following three consecutive 25-basis-point interest rate cuts by the Bank of Canada— the first time this has happened since the 2009 financial crisis. While analysts anticipated a more robust second half of the year, there is still optimism for a positive shift in the market in the coming months despite September’s more moderate performance. “Real estate watchers have been monitoring the data for signs of renewed strength in demand in response to recent mortgage rate reductions, but the September figures don’t offer the signal that many are watching for,” Andrew Lis, GVR’s director of economics and data analytics said. The average property in Greater Vancouver sold for $1,255,644 in September, reflecting flat growth month-over-month and a 3.7 per cent decline compared to last year. However, this overall figure doesn’t fully capture the contrasting trends between the detached and condo markets, which show more divergence. The market remains well-supplied, with 14,346 active listings by the end of the month. New listings also surged, with 6,138 properties added in September. Sales totalled 1,838, showing modest declines of 3 per cent from the previous month and 4 per cent year-over-year. The detached market showed a notable rebound after months of decline. Having dropped from an average sales price of $2,348,003 in June to just under $2.1 million in August, the average detached property sold for $2,190,630 in September. This marked a $97,928 monthly increase, bringing the annual price change to slightly above par. Inventory for detached homes rose to 5,784 units, a 25 per cent year-over-year increase, while sales saw a 1 per cent monthly gain—the first increase in three months. On the other hand, the condo market experienced a significant pullback, with the average sales price falling $75,621, resulting in an average price of $766,822. This $75,000 monthly drop represents the largest single-month condo price decline on record. While average prices can be volatile, the median price also reflected this downturn, marking the second-largest monthly decline on record by this measure as well. With an ample supply of 6,353 condos 31 per cent above the ten-year monthly average —price pressures have intensified. The 914 condo sales in September represented a 24 per cent decline compared to the ten-year monthly average. The townhome market had a steadier month, avoiding the volatility seen in other segments. The average townhome sold for $1,110,914, reflecting a 1.5 per cent monthly gain. Inventory levels increased to 1,651 active listings, marking a 6 per cent monthly gain and a 42 per cent year-over-year increase. Sales totalled 316 units, representing an 11 per cent monthly gain and a 4 per cent increase year-over-year. Looking ahead, the Greater Vancouver real estate market remains in a period of transition. While interest rate cuts by the Bank of Canada have provided some relief, their impact on buyer activity and pricing has yet to fully materialize. Inventory levels across all property types are higher than historical averages, putting downward pressure on prices in some segments, especially condos. However, with steady demand and continued interest rate adjustments, there is potential for a stronger performance in the final quarter of the year. BUYERS REMAIN CAUTIOUS TO BEGIN THE FALL MARKET
Posted on
October 3, 2024
by
Marie Taverna
HOW TO CREATE A FUR-FRIENDLY HOME
Posted on
September 23, 2024
by
Marie Taverna
HELLO FALL!
Posted on
September 23, 2024
by
Marie Taverna
As the air gets crisp and the leaves start to change, there’s no better time to cozy up and embrace the season of warmth, comfort, and home. Whether you're enjoying the beauty of fall colours or preparing for the cooler months ahead, we're here to help you find the perfect space to make the most of this season. Advantages of Selling Your Home in the Fall & Winter So you are thinking would the Fall and Winter times really be a good time to but our home on the market? The answer is yes, people do move all year round. We often think Spring is more popular than other times of the year, but there are active Buyers out there all the time and some are just waiting for that special home to go on the market. Often Buyers have more time at this time of year as there are less activities during the winter months, which makes it a more convenient time to research property listings to find their next home to buy. Did you know that most corporate moves and transfers take place during the month of January. Many of these transfers include a house purchase as well. Often these purchasers scout a new home out in the last part of the year, around the holidays. There are many advantages to this time of the year: -There is less competition, as some Sellers have taken their homes off the market and are waiting for Spring, when there is lots of inventory for you to compete with -The Buyers at this time of the are often more serious -Homes shows well as home owners get the home ready for holiday season and more attention to details is spent inside the home. Some tips- -Clean up fallen leaves and debris and keep sidewalks clear of snow and ice -Place a floor mat inside the front door for wet shoes -If putting up seasonal decorations just don't do National Lampoons Christmas Vacation home with 10,000 lights. Turn on all the fireplaces, the flickering flames and warmth from a fire provide a romantic atmosphere that is a wonderful incentive for a prospective buyer to purchase your home. Light scented candles through some of the rooms. Now there are battery operated ones that do the trick. Turn up your furnace before the prospective buyer arrives to view your home. If your kitchen seems to cooler than the rest of the house, turn your oven on for about an hour before the buyer is due to arrive. The oven will provide extra warmth in your kitchen. Sometimes the yard doesn't look its best at this time of year, so if you have some photos of the Spring and Summer garden, have them handy for the prospective purchaser to see. Even pictures with the sundeck setup with patio furniture and potted plants. Selling a home in the fall and winter has many advantages and the key is to highlight what makes your house a home during this time of the year when everyone is settling in for the winter. |
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