Today, our team was recognized with an award for being the #1 Team at RE/MAX All Points Realty!
We are extremely grateful for this award. 127 deals in 2016 – way to go team! We missed having Anh Hoang at our event. She is on a much deserved holiday in London – though still working, from a distance, on 3 deals!!
Congratulations to Léo Bruneau for earning the Diamond level of achievement!
Extra special thank you to:
Keith Cornies – for your much needed coaching throughout the year!
Gayle Kossaber – for your continuous support and guidance!
Lynda Kell and Jennie Copeland – for looking after our conveyance needs!
And all of our incredible family, friends, clients, and community for helping us to achieve this award, and doing so with smiles on our faces!
Looking forward to a successful 2017,
Matt, Ron, Nancy, Jasmine, Robin, Kristen, Anh, and Léo
Our Home Buyers Seminar was a huge success! Thank you to all of those who made it out. Your support was phenomenal and we hoped that you walked away with more knowledge than you did before coming in.
Special thank you to our guest speakers:
- Giselle Miranda Tibble – Canada Guaranty Mortgage Insurance Company
- Jane Wedekind – Scotiabank Home Financing Advisor
- Garrett Munroe – Munroe & Company Barrister & Solicitor
- Aaron Borsch – A Buyers Choice Home Inspections
This was the very first seminar we hosted on our own, and we are extremely grateful for its success. If you missed this event, don’t worry – we’ll definitely have more in store for the future!
Email us your ideas at firstname.lastname@example.org, or if you missed this event and would like a copy of some of the media that was shared around.
You are invited to our Home Buyers Seminar!
When: January 18th at 7 pm
Where: Team Leo office: 100-1060 Austin Avenue Coquitlam
Giselle Miranda Tibble – Canada Guaranty Mortgage Insurance Company
Jane Wedekind – Scotiabank Home Financing Advisor
Garrett Munroe – Munroe & Company Barrister & Solicitor
Aaron Borsch – A Buyers Choice Home Inspections
Matt McGuigan – Team Leo
Whether you’re a first time home buyer or experienced buyer, hear from the experts in the field, learn tips on buying real estate.
Get the details on the new first time home buyers deposit assistance from the BC Government – BC Home Partnership Program.
Sign up below to ensure a seat, let us know if you are bringing a friend. Light refreshments included!
The beautiful and classic city of New Westminster is an excellent place to live. With the addition of the Evergreen Extension and the two Expo Line routes that pass through, connecting New Westminster to Coquitlam, North Burnaby, Vancouver and Surrey, we can only expect promising changes to this market.
Here’s the October market report from REBGV!
The condo market in New Westminster continues to be fast paced, with 87 sales and 157 listings in the last month! The benchmark price for a condo in New Westminster was $376,800 in the month of October. Many new condos are placed onto the market every day. It’s an ideal time for buyers as many homeowners are in the mindset of selling.
The benchmark price for detached homes was $1,046,000 and the market has not changed drastically over the last month. Homes continue to be listed and sold at a slightly faster pace than the previous month, lasting an average of 23 days on the market before being sold.
The market for townhomes in New Westminster continues to move at a fast pace. The limited inventory of 15 active listings means that listings to sell within 8 days of being listed! If you’re looking to get into the townhome market, let us know so that we can send you alerts as soon as a new property becomes available!
The majority of detached properties in New Westminster fall in the $900k to $1,500k range. Listings and sales are spread out throughout the entire city and do not have any tendency to concentrate in any specific neighbourhood.
Most condos in New Westminster fall within the $400k to $900k range, with a good number of lower priced ones available as well. Higher priced condos tend to be listed in the Fraserview NW region, while other hot locations include Downtown NW, Quay, and Uptown NW.
Townhomes in New Westminster also fall within the $400k to $900k range. Key neighbourhoods with townhomes for sale are Fraserview NW, Queensborough, and GlenBrooke North.
Despite the recent market craze, detached homes in New Westminster have dropped back to a balanced market. Prices of condos and townhomes are slowly falling and the sales-to-active ratios are falling back towards the buyer’s favour, but remain in a seller’s market.
Here are some properties for sale in New Westminster.
Thinking of buying or selling? Get in touch – we can help!
Demand for homes in Maple Ridge is at a record high! The drastic changes to the housing market in the Greater Vancouver area have rippled out east, and the numbers definitely show it.
Here are the latest market stats from REBGV.
The benchmark price of detached homes has remained relatively stable over the last month which was $714,600 in October. The market is speeding up with increased sales and new listings popping up. This offers lots of options for homebuyers looking to get in for showings, and also indicates a healthy and active market.
The majority of property listings for detached homes in Maple Ridge fall within the $400k-$900k range. The market for higher priced houses is slower but with plenty of inventory available. The neighbourhood of Albion has the highest number of sales, while West Central has the highest quantity of listings.
Townhomes in Maple Ridge are selling quickly and steadily increasing in price. The benchmark price in October for a Maple Ridge townhouse was $405,000. On average, homes are selling within 18 days of going on the market. This is not outrageously quick, but a good pace. If you’re looking to buy in the market, you will need to keep on your toes to keep up with this pace!
The majority of property listings for townhouses in Maple Ridge fall within the $400k-$900k range. The majority of sales and new listing activity for townhomes is in the Cottonwood MR and East Central neighbourhoods. The Albion neighbourhood has seen a number of active listings with fewer sales.
Condos and apartments in Maple Ridge have remained relatively steady in price. Condos are selling slower than they were back in September. The benchmark price for a condo in Maple Ridge was $205,500 in October.
The majority of the Maple Ridge condos fall between the $200k to $400k range, and are located in the East Central neighbourhood. Higher priced condos tend to sell within the week they are listed, whereas lower priced condos will sell but sit on the market for longer periods of time. This is a great opportunity for first time buyers to get into the market and browse available inventory without feeling pressured.
The above diagram shows that despite the recent spikes in the housing market over the last year, the Maple Ridge housing market has begun to stabilize and is falling back towards the buyer’s favour. Maple Ridge is a great neighbourhood to move into and the real estate market is healthy.
Thinking of buying or selling? Get in touch – we can help!
It’s an ideal time to buy a home in the City of Pitt Meadows! The housing market is shifting in favour of buyers. More homes are being listed, offering more options and less pressure on buyers. This beautiful city continues to expand and develop in terms of both community and economy. The addition of the Evergreen Extension to our existing skytrain routes on December 1st also means that staying connected will be easier than ever.
Here’s the scoop on REBGV’s market update.
The benchmark price of detached homes has remained relatively stable over the last month, from $793,200 in September to $792,500 in October. Home sales are slowing and properties are remaining on the market for longer periods of time, giving more opportunity to get in and see the homes you would like.
The majority of property listings for detached homes in Pitt Meadows fall within the $400k-$900k range, with the number of active listings exceeding the monthly sales. South Meadows and Central Meadows feature the highest activity, with Mid and West meadows following closely behind.
Much like the detached home market, townhomes in Pitt Meadows have remained stable in price over the last month. The benchmark price for October is $474,400. Townhomes are popular and selling quickly, with 8 sales and just 12 active listings! On average, a townhome will sell in less than two weeks after being listed – this is a drastic change from the 37 day average from last year.
The majority of property listings for townhouses in Pitt Meadows fall within the $400k-$900k range, with the number of active listings exceeding the monthly sales. South Meadows and Central Meadows feature the highest activity, with Mid Meadows following closely behind.
Condos and apartments in Pitt Meadows have also remained relatively steady in price. The market is active with 30 active listings and 11 new sales throughout the month of October, and the benchmark price was $305,900. It’s a good market to get into – with homes selling within 2 weeks on average, the pace is fast and you should make sure you are prepared to buy!
The majority of the Pitt Meadows condos fall between the $200k to $400k range, and are located in the Mid Meadows neighbourhood. Higher priced condos tend to sell within the week they are listed. Interested in receiving automated alerts as soon as something new crops up? Let us know!
As you can see from the above diagram, the housing market in Pitt Meadows is beginning to stabilize at the new prices after the exhausting housing market we have been experiencing over the last year. Below are some homes available in Pitt Meadows.
Thinking of buying or selling? Get in touch – we can help!
Have you ever thought about living in Pitt Meadows?
Their mission statement is to maintain a liveable community that provides a wide range of opportunities for individual and corporate citizens to thrive in a sustainable manner.
Surrounded by the natural beauty of both the Fraser River and the mountains, this growing city features a great community dedicated to both its residents and businesses. Boating and bike riding are popular recreational activities, and you will find many parks that are dog and youth friendly.
Visit the school websites for detailed information!
The Pitt Meadows Youth Action Park on 12460 Harris Road is a wheelchair accessible park which features inline and youth action skating.
Hoffman Park and North Bonson Park are both off-leash dog parks.
The Pitt Meadows Athletic Park on 11431 Bonson Road and the Mitchell Road Park are both great locations if you’re looking to play tennis. Remember to stay respectful of others sharing your space!
As well, the Pitt Meadows Athletic Park also features multiple areas for team sports, as well as a community garden, playground, concession, and green space for on-leash dogs.
This city is home to the Pitt Meadows Museum, along Harris Road. Pay them a visit to learn about the city’s history!
The ACT Arts Centre and Theatre is run by the devoted Maple Ridge Pitt Meadows Arts council – a not for profit society shared by the two cities and devoted to building vibrant arts and culture. Check out their Facebook Page for a quick event overview, or take a look at their program guide.
Looking for a home in Pitt Meadows? With a full service real estate team with over 50 years of combined experience, Team Léo will help you find the right home.
For more information about Pitt Meadows, visit their website.
Home sale and listing activity dip below historical averages in October
Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*.
Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold.
Last month’s sales were 15 per cent below the 10-year October sales average.
“Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,981 in October 2016. This represents a decrease of 3.5 per cent compared to the 4,126 units listed in October 2015 and a 17 per cent decrease compared to September 2016 when 4,799 properties were listed.
Last month’s new listing count was 9.5 per cent below the region’s 10-year new listing average for the month.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,143, a 4.5 per cent decrease compared to October 2015 (9,569) and a 2.3 per cent decrease compared to September 2016 (9,354).
The sales-to-active listings ratio for October 2016 is 24.4 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“While sales are down across the different property types, it’s the detached market that’s seen the largest reduction in home buyer demand in recent months,” Morrison said. “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 24.8 per cent increase compared to October 2015 and a 0.8 per cent decline compared to September 2016.
Sales of detached properties in October 2016 reached 652, a decrease of 54.6 per cent from the 1,437 detached sales recorded in October 2015. The benchmark price for detached properties is $1,545,800. This represents a 28.9 per cent increase compared to October 2015 and a 1.4 per cent decrease compared to September 2016.
Sales of apartment properties reached 1,178 in October 2016, a decrease of 23.7 per cent compared to the 1,543 sales in October 2015.The benchmark price of an apartment property is $512,300. This represents a 20.5 per cent increase compared to October 2015 and a 0.3 per cent increase compared to September 2016.
Attached property sales in October 2016 totalled 403, a decrease of 39.5 per cent compared to the 666 sales in October 2015. The benchmark price of an attached unit is $669,200. This represents a 25.7 per cent increase compared to October 2015 and a 1.1 per cent decrease compared to September 2016.
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Team Léo is proud to be a part of the Cross Canada Referrals network!
For many years the Cross Canada Referrals Group (CCR) has been the #1 referral team for Real Estate Agents in Canada. The CCR is independent and has only the top producing RE/MAX® Real Estate Agents from across Canada as members. Our award winning REALTOR® are the RE/MAX top agents from across this country. With mandatory requirements to be part of this team you are ensured you will be getting a market leader as your REALTOR®. Our outstanding records make us the No.1 source for your relocation business.
CCR’s outstanding performance and experience in the real estate industry ensures the best possible quality of customer care. Our CCR REALTOR® are here to help you, whether you are a buyer or seller planning to invest in Canadian property.
CCR realtors are the top of the top performing RE/MAX agents. In fact RE/MAX professionals lead the industry in terms of experience, education and sales. In Canada, they average 15 years of experience, and across the network, hold a higher number of professional designations than associates of any single competitor. RE/MAX dominates virtually every market in Canada, in terms of market share. On average, RE/MAX outsells the competition 3-1 across Canada. RE/MAX on average is growing at an even faster pace supported by over 30 years of brand name development, referral services, promotional support and other benefits which today are an integral part of the RE/MAX network of over 113,500 Sales Associates in about 5,880 offices in 62 countries worldwide. RE/MAX has the network to provide the best real estate experience throughout the world.
If you’re looking to find a new home in Canada, you’ve come to the right place! Get in touch with us today to get started! You’re in good hands with Team Leo.