We recently listed 16 15152 62a Ave a semi detached townhouse at a great new price!

Well built and situated resort style complex with 10,000sqft clubhouse including outdoor pool, hot tub, gym, playground, guest suites, rec/catering space, indoor hockey box and movie room.

Duplex style home with over 2,000sqft on 3 levels.

Bright open concept main level with picture windows, large sundeck, warm tone laminate kitchen w/breakfast bar and stainless appliances.

Large bedrooms on the upper level including primary bedroom, ensuite bath, WI closet and mountain views.

Walk out basement plan can easily convert into nanny/in-law/teen space with 4th bedroom.

Private back yard and patio space fully fenced.

Full size double car garage with lots of room for storage.

Walk to local schools, parks, YMCA and shops at Panorama.

16 15152 62a Ave is asking $899,900 (ask us about maintenance fee credit!) and showing by appt only.

View images, vid and specs HERE

We have just listed this 2 story home with full basement in the heart of the Panorama area.

Built by Morningstar homes the main floor features vaulted ceilings and huge picture windows.

Living and dining rooms at front, the kitchen and family rooms at back walk out to a large, private south facing patio and fully fenced yard.

Primary suite, ensuite bath and walk in closet with 2 generous size bedrooms on the upper level.

Bonus flex/hobby room in the basement plus a fully contained 1 bedroom in-law/nanny suite with separate entrance.

Updates include a/c unit, new h/w tank, radiant heat in bathrooms, some flooring and lighting.

17x17 double car garage with 4 car parking pad.

Located within walking distance to local schools, parks, ymca and the shops at Panorama.

14866 59th Ave is asking $1,499,900 and showing by appt only.

View images, video and specs HERE

Dear Clients, Neighbours and Friends,

As you know by now, on July 24 the Bank of Canada BOC lowered its interest rate again.  This time to 4.5 per cent down from 4.75 per cent.  As a result, prime rate will change to 6.70 per cent.

 However, despite two consecutive rate drops and an ongoing increase in inventory real estate activity remains dark.

 Looking back to the recent past one can understand why.

 The BOC raised interest rates 10 times between March 2022 and July 2023, the most aggressive monetary policy tightening campaign on record. Although this campaign succeeded in reducing inflation and avoiding economic recession, the fact remains, higher interest rates make it more expensive for individuals to borrow money and service their debts. 

 Most Canadians experience interest rates through mortgage and consumer debt.  The last two rate cuts have managed to spur on quick blips in activity but overall, the interest rate on both variable and fixed mortgages has risen so dramatically buyers simply can’t afford to get into the housing market or increase their monthly expenses.

 So for now. We go to the beach.

 There is however, brighter days to come.

 If inflation continues to ease, its likely we will see another rate drop at the next BOC meeting, September 4th.  And its likely prime rate will continue to drop as we move further into the final half of 2024. 

Also on board with this idea is the Canadian Mortgage and Housing Corporation.  CMHC is forecasting home prices could match the levels seen in 2022 by next year and reach new highs by 2026.  This rebound in sales and home prices across Canada will be spurred on by declining mortgage rates alongside the country’s strongest population growth since the 1950’s.

 Therefore, Although August is likely to remain firmly planted in a buyers’ market territory, as mortgage rates and economic uncertainty decrease in the second half of 2024, Colin and I are optimistic this next rate drop (September 4th) will be what’s needed to bring better balance to the market overall.

 Wondering if this fall and winter could be your time to make a move?

 We can help.  Its what we do. 

Schedule your no obligation home evaluation now.  604-583-2000