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Could This Be For Someone You Know? Call 604-274-2222 Now.  

I have listed a new property at 6091 DOVER RD in Richmond.

Extraordinary size property at desirable location. 71'x230' lot (16,302 sq ft) 1,513 sq metres. Currently has a 2,223 sq ft rancher. Though somewhat dated it can be rented while applying for your building permit. RS1-E zoning could allow up to 6,135 sq ft (570 sq metres) (buyer is advised to verify with city all). 20'x40' wired workshop at rear of property. Hedge along back for privacy. This may be the only westside property of this size available for a custom home to be seen again for a long while.
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Housing Price Index (HPI) REBGV & FVREB June 2022

Canada’s housing market is cooling off with prices and sales falling led by steep declines in its two largest markets, new numbers show.

MLS (Multiple Listing Service) Home Price Index fell 1.9 per cent in June from May and is down nearly five per cent from the end of March, a report from RBC Economics found. Sales also fell month over month by 5.6 per cent, and nearly 24 per cent year over year.

Every major centre saw sales fall, including Calgary at 5.6 per cent year over year. Still, it remains among the strongest markets with its price index gaining 14 per cent year over year, while remaining steady in June from May.

Declines were steepest in large centres like Toronto where sales fell more than 41 per cent in June from the same month last year, and Vancouver saw sales decrease by more than 35 per cent.

https://www.msn.com/en-ca/money/topstories/housing-demand-falls-across-canada-led-by-vancouver-and-toronto/ar-AAZRHY5?cvid=17f1c656f72a49b9a2a47f5e3c9bd291&ct=t(Y_COPY_01)

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I'm pleased to have helped another homeowner sell their home.  

Now, I have excess buyers.

My marketing plan and hard work has attracted many buyers to this home but many preferred a different location, a different design, or different price range.  

To sell.  Call Bill today 604-274-2222. 

114 8220 JONES RD in Richmond.

"Laguna" by Polygon. A spacious 2bedroom, 2 full bathroom condominium of930 sq.ft. with an amazing 800 sq.ft. patio!Let your imagine flow with ideas how toenjoy this with family and friends.Updates in 2017. Steps to General CurrieElementary school and walking distanceto Richmond Centre/Restaurants andSkytrain. Pet friendly building. RentalsAllowed. Current owner explained thatthere's full sun on the patio year roundwithout overheating the home, carpets arepremium, grade blend of silk and regularpile for longevity and bedroom softtexture, and both bathrooms havewaterproof linoleum. Move-in ready.

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To summarize, the effect of rising interest rates for mortgages is cooling the residential housing market. Generally, sales are taking longer which, in turn, increases the number of listings on the market.  More new listings are appearing while the number of sales are decreasing, this also results in a growing number of listings on the market. 

Buyers have more selection, more time to decide and more opportunity to present conditional offers.

Are prices falling? Perhaps some sellers are "panicking" and accepting less, however, I feel it's a bit early to make the judgement that prices are coming down.  Perhaps statistics will show average selling prices are declining but this may be because more lower priced homes are selling than higher priced homes resulting in average prices appearing to be less than before. 

Here's the latest report from the BC Real Estate Association (BCREA) economist. To view the video click here... Housing Market Update.

To see the charts, click here.

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Prices of new condominium apartments in Canada's major urban centres are on the rise.


Out of the nine census metropolitan areas (CMAs) mentioned in a Statistics Canada report released Wednesday (May 4), prices rose in four, decreased in three, and were unchanged in two.A report notes that prices increased by 1.8 percent in the first quarter of 2022 compared to the last quarter of 2021.

Guess which CMA posted the biggest quarterly increase?

It’s Vancouver and neighbouring cities.

“Prices for new condominium apartments increased the most in Vancouver (+4.2%) in the first quarter of 2022, pushed up by declining inventories and continued demand for this type of dwelling,” Statistics Canada stated. Read More

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I'm pleased to have helped another homeowner sell their home.  

Now, I have excess buyers.

My marketing plan and hard work has attracted many buyers to this home but many preferred a different location, a different design, or different price range.  

To sell.  Call Bill today 604-274-2222. 

106 5489 201 ST in Langley.

Move-in ready 2 bed, 2 full bath condo with separated bedrooms. Morning sun view of public park with childrens' playground, community garden, and off-leash dog park. 9' ceilings, kitchen with eating area, storage inside, storage on the balcony, and in-suite laundry adds to the conveniences. Set-it-and-forget-it Thermostat control gas fireplace for toasty toes on crispy winters. 2 pets allowed. ((c) One (1) medium sized dog no larger than 24" at the shoulder when fully grown with a maximum weight of 50 lbs. (22.5 kg) and (1) cat; or (d) Two (2) small animals, cats or dogs only, no larger than 15 inches at the shoulder when fully grown with a maximum weight of 20 lbs. (9 kg). OPEN HOUSE April 23 & 24, 2:00-4:00pm. All appointments via TouchBase.

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Bill de Mooy welcomes you to an Open House at 106 5489 201 ST in Langley.
Open House on Sunday, April 24, 2022 2:00PM - 4:00PM
Move-in ready 2 bed, 2 full bath condo with separated bedrooms. Morning sun view of public park with childrens' playground, community garden, and off-leash dog park. 9' ceilings, kitchen with eating area, storage inside, storage on the balcony, and in-suite laundry adds to the conveniences. Set-it-and-forget-it Thermostat control gas fireplace for toasty toes on crispy winters. 2 pets allowed. ((c) One (1) medium sized dog no larger than 24" at the shoulder when fully grown with a maximum weight of 50 lbs. (22.5 kg) and (1) cat; or (d) Two (2) small animals, cats or dogs only, no larger than 15 inches at the shoulder when fully grown with a maximum weight of 20 lbs. (9 kg). OPEN HOUSE April 23 & 24, 2:00-4:00pm. All appointments via TouchBase.
 
Surprised Open House is subject to availability.  Often when a seller accepts an offer, even with conditions, the seller no longer wishes to have the open house.  If you don't want to be disappointed Frown and want very much to see this home, it is recommended that you call Bill to view this home as soon as possible.  Call Bill now at 604-274-2222 to arrange viewing this home. Smile
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Could This Be For Someone You Know? Call 604-274-2222 Now.  

I have listed a new property at 106 5489 201 ST in Langley.

Move-in ready 2 bed, 2 full bath condo with separated bedrooms. Morning sun view of public park with childrens' playground, community garden, and off-leash dog park. 9' ceilings, kitchen with eating area, storage inside, storage on the balcony, and in-suite laundry adds to the conveniences. Set-it-and-forget-it Thermostat control gas fireplace for toasty toes on crispy winters. 2 pets allowed. Dogs <50 lbs/24". Open house April 23 & 24, 2:00-4:00pm. All appointments via TouchBase.
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Bill de Mooy welcomes you to an Open House at 114 8220 JONES RD in Richmond.
Open House on Saturday, April 16, 2022 1:00PM - 3:00PM Text or call 604-274-2222 when arriving if nobody present in lobby. Please wear masks. Text or call 604-274-2222 when arriving if nobody present in lobby. Please wear masks. Visitor parking is underground. Gates close 2:00-3:30. Park on street. Assistant will be at front.
"Laguna" by Polygon. A spacious 2 bedroom, 2 full bathroom condominium of 930 sq.ft. with an amazing 800 sq.ft. patio! Let your imagine flow with ideas how to enjoy this with family and friends. Updates in 2017. Steps to General Currie Elementary school and walking distance to Richmond Centre/Restaurants and Skytrain. Pet friendly building. Rentals Allowed. Current owner explained that there's full sun on the patio year round without overheating the home, carpets are premium, grade blend of silk and regular pile for longevity and bedroom soft texture, and both bathrooms have waterproof linoleum. Move-in ready. OPEN HOUSE APRIL 16 & 17 1:00-3:00 PM. Have your Realtor use TouchBase to register you.
 
Surprised Open House is subject to availability.  Often when a seller accepts an offer, even with conditions, the seller no longer wishes to have the open house.  If you don't want to be disappointed Frown and want very much to see this home, it is recommended that you call Bill to view this home as soon as possible.  Call Bill now at 604-274-2222 to arrange viewing this home. Smile
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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.