IWA LEE : Personal Real Estate Corporation : Archived blog posts for : 2022

New property listed in Metrotown, Burnaby South

Posted on October 29, 2022 by Iwa Lee

Posted in Metrotown, Burnaby South Real Estate

New property listed in Metrotown, Burnaby South

I have listed a new property at 2201 6288 CASSIE AVE in Burnaby. See details here

Goldhouse by Rize Alliance in the heart of Metrotown. This NW corner 2 Bed 2 Full Bath home features a large wrap around balcony with stunning city and mountain views and luxury interiors. Armony Cucine kitchen, premium stainless steel BOSCH appliances, air conditioning, quartz countertops, laminate flooring, large floor to ceiling windows, 9 ft ceilings. 2 bedrooms on opposite site for maximum privacy and great for rental. Excellent location for daily essentials, short walk to transit hub at Metrotown, steps to Crystal mall, Bonsor recreation centre and Burnaby Public library. Building offers 30,000sf of amenities to enjoy, fitness room, yoga room, party room, study/music room, outdoor lounge/BBQ and concierge service. 2 Parking & 1 Locker included. Open House SAT/OCT29 2-4PM

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Open House. Open House on Saturday, October 29, 2022 2:00PM - 4:00PM

Posted on October 29, 2022 by Iwa Lee

Posted in Metrotown, Burnaby South Real Estate

Please visit our Open House at 2201 6288 CASSIE AVE in Burnaby. See details here

Open House on Saturday, October 29, 2022 2:00PM - 4:00PM

Goldhouse by Rize Alliance in the heart of Metrotown. This NW corner 2 Bed 2 Full Bath home features a large wrap around balcony with stunning city and mountain views and luxury interiors. Armony Cucine kitchen, premium stainless steel BOSCH appliances, air conditioning, quartz countertops, laminate flooring, large floor to ceiling windows, 9 ft ceilings. 2 bedrooms on opposite site for maximum privacy and great for rental. Excellent location for daily essentials, short walk to transit hub at Metrotown, steps to Crystal mall, Bonsor recreation centre and Burnaby Public library. Building offers 30,000sf of amenities to enjoy, fitness room, yoga room, party room, study/music room, outdoor lounge/BBQ and concierge service. 2 Parking & 1 Locker included. Open House SAT/OCT29 2-4PM

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Open House. Open House on Sunday, October 30, 2022 2:00PM - 4:00PM

Posted on October 28, 2022 by Iwa Lee

Posted in Sullivan Heights, Burnaby North Real Estate

Please visit our Open House at 605 9888 CAMERON ST in Burnaby. See details here

Open House on Sunday, October 30, 2022 2:00PM - 4:00PM

Spacious 2 Bed 2 Bath SW Corner home in Silhouette conveniently located in Northgate Village with everything at your doorsteps. Walking distance to Lougheed Mall, Save on Foods, Walmart, Shoppers, Tim Hortons and Lougheed skytrain station. Short drive to SFU, New Westminster and Coquitlam. Bright open concept living, floor to ceiling windows to enjoy the city and mountain views, updated flooring throughout, Spacious fully covered balcony, functional kitchen with stainless steel appliances, gas stove, granite countertops, built-in work space perfect for working from home. Two large ensuite bedrooms on opposite sides for maximum privacy and configuration, master with a walk in closet. Amenities inc a gym, courtyard, party/lounge room, guest suite, caretaker, 1 Pkg & 1 Locker. SUN/OCT30 2-4PM

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I have sold a property at 162 16433 19 AVE in Surrey

Posted on October 21, 2022 by Iwa Lee

Posted in Pacific Douglas, South Surrey White Rock Real Estate

I have sold a property at 162 16433 19 AVE in Surrey. See details here

2 Bed and Den townhouse at Berkeley Village with a Rooftop deck. Open concept floor plan features spacious and bright living space, kitchen features 5-burner gas range, stainless steel appliances, home office and powder room on the main level, 2 bedrooms above with master ensuite and a walk-in closet. Top floor you will find a massive 518sf private deck, pre-wired for a hot tub or TV perfect for entertaining and relaxing. Side by side double car garage with lots of storage. Centrally located near The Shops at Morgan Crossing, Grandview Corners, Walmart, Superstore, Thrifty Foods, Community Centre, parks, and schools.

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New property listed in Sullivan Heights, Burnaby North

Posted on October 19, 2022 by Iwa Lee

Posted in Sullivan Heights, Burnaby North Real Estate

New property listed in Sullivan Heights, Burnaby North

I have listed a new property at 605 9888 CAMERON ST in Burnaby. See details here

Spacious 2 Bed 2 Bath South West Corner home in Silhouette. Conveniently located in Northgate Village with everything at your doorsteps. Walking distance to Lougheed Mall, Save on Foods, Walmart, Shoppers, Tim Hortons and Lougheed skytrain station. Short drive to SFU, New Westminster and Coquitlam. Bright open concept living, floor to ceiling windows to enjoy the city and mountain views, updated flooring throughout, fully covered balcony, functional kitchen with stainless steel appliances, gas stove, and granite countertops. Two ensuite bedrooms on opposite sides for maximum privacy, master with a walk in closet. Building amenities include a gym, courtyard, party/lounge room, guest suite, caretaker, 1 Parking and 1 Locker.

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Open House. Open House on Sunday, October 16, 2022 2:00PM - 4:00PM Open House by Appointment only

Posted on October 14, 2022 by Iwa Lee

Posted in Lynnmour, North Vancouver Real Estate

Please visit our Open House at 1805 1550 FERN ST in North Vancouver. See details here

Open House on Sunday, October 16, 2022 2:00PM - 4:00PM Open House by Appointment only

Desirable condo living with this ONE OF A KIND generous ONE-LEVEL 1640sf custom design SE Corner floorplan features Grand entry, 2 Ensuite Bedrooms on one side for maximum privacy, Functional Open concept living that can easily accommodate house-sized furniture, breathtaking 180 VIEWS, triple glazed floor to ceiling windows, Chef inspired kitchen w/ a massive island, pantry cabinet, custom workstation nook, 2 covered balconies w/ gas hookup, central cooling & heating, updated flooring throughout, spacious laundry room/insuite storage, 2 Side by Side Parking & 1 Large Locker. Exclusive use of resort style facilities at Denna Club. Centrally connect you to DT, water, mountain, parks, shops. This home is turnkey ready, move in anytime. MUST SEE! OPEN BY APT: SUN/OCT16 2-4PM

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Open House. Open House on Saturday, October 15, 2022 2:00PM - 4:00PM

Posted on October 13, 2022 by Iwa Lee

Posted in Guildford, North Surrey Real Estate

Please visit our Open House at 218 10180 153 ST in Surrey. See details here

Open House on Saturday, October 15, 2022 2:00PM - 4:00PM

This 2 Bed and Den home is immaculately kept by original owners with many upgrades including new blinds, durable vinyl plank flooring, beautiful light fixtures, updated kitchen with new S/S appliances, custom built-ins in the living room with a new electric fireplace, new carpets in the bedrooms, closet organizers, new vanities in the bathrooms. The entire home is freshly painted. Nothing to do but Move in! Functional layout with 2 ensuite bedrooms on opposite side, large Den off the entrance, 2 large patios wrap around the unit. Charlton Park offers lots of amenities incl a clubhouse, gym, pool, hot tub, sauna, 1 parking and 1 locker. Conveniently located in Guildford, close to shopping, groceries, restaurants, bus stops, Hwy 1, rec centre, library, schools.

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Metro Vancouver saw more home sellers and fewer buyers in September

Posted on October 7, 2022 by Iwa Lee

Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022.

Last month’s sales were 35.7% below the 10-year September sales average.

“With the Bank of Canada and other central banks around the globe hiking rates in an effort to stamp out inflation, the cost to borrow funds has risen substantially over a short period,” said Andrew Lis, REBGV director, economics and data analytics. “This has resulted in a more challenging environment for borrowers looking to purchase a home, and home sales across the region have dropped accordingly.”

“With fewer homes selling and new listings continuing to come to market, inventory is beginning to accumulate, providing buyers with more selection compared to last year,” Lis said. “With more supply and less demand within this market cycle, residential home prices have edged down in the region over the last six months.”

For all property types, the sales-to-active listings ratio for September 2022 is 16.9 per cent. By property type, the ratio is 12.4 per cent for detached homes, 18.4 per cent for townhomes, and 20.9 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.

Fraser Valley real estate market continues to stabilize heading into fall season

SURREY, BC – Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market.

In September, the Fraser Valley Real Estate Board (FVREB) processed 897 sales on its Multiple Listing Service® (MLS®), a decrease of 11.8 per cent compared to last month and a 51.9 per cent decrease compared to this time last year.

“There’s no question that interest rates continue to be a primary factor in the market trends over the past six months or so,” said Sandra Benz, President of the Fraser Valley Real Estate Board. “The sales slowdown we’re seeing reflects a level of caution exercised by buyers, who are likely waiting for the market to settle further before jumping in. In the meantime, we anticipate prices may continue to decline across all categories.”

Weaker demand in the face of interest rate hikes, continued to bring downward pressure on Benchmark prices across all property categories. Prices have been falling steadily since late spring and, in the case of detached homes, are at October 2021 levels.

“It’s encouraging to see inventories start to rise in the region, however slight,” said Board CEO Baldev Gill. “Adequate supply is a key underpinning of a vibrant and equitable housing market – not just in the Fraser Valley, but throughout the province. As we meet with candidates during the upcoming municipal elections and later on this month with MPs in Ottawa, FVREB Realtors will continue to press for swift action on this fundamental issue.”

Across the Fraser Valley in September, the average number of days spent on the market before selling continued to increase: 34 days for a single-family detached, 32 for townhomes, and 30 for apartments.

Get in touch with Iwa if you want to know specifically about any areas, property types, or trends that you can take advantage of.

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