I just finished uploading this Apartment for sale, PH5 3255 Smith Ave, Central Burnaby North, Burnaby, BC

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PANACASA – Concrete construction, you will love this spacious & bright 1 Bdrm + Den PENTHOUSE suite with high elevated 12 ft ceilings! This fabulous home is move in ready. The bdrm has soaring windows with a walk thru closet to the cheater ensuite. Features granite counters, laminate flooring & S/S appl. Superb layout with functional open concept den. Cozy gas fireplace in the living room with sliding doors out to the massive 182 SF south facing balcony – perfect for BBQ’s, entertaining with friends & soaking in the sun! Comes with 1 parking stall & storage locker. Pets & rentals welcome! This unit is centrally located with easy access to Brentwood Mall, Deer Lake, SFU, BCIT, Metrotown, Burnaby General Hospital, transit , Central Park & Hwy 1. Don’t miss this!

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We are proud to announce that this Apr 30th, 2:00 PM to 4:00 PM we will be hosting an Open House at 8655 JONES ROAD in CATALINA in the Brighouse South neighborhood, Richmond. This is an opportunity to visit this excellent Apartment for sale in beautiful Brighouse South.

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Please come with any questions you may have. In the meantime you can take a virtual tour of this Brighouse South Apartment for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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by Ephraim Vecina

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The latest study by TD Canada Trust revealed that around 13 per cent of buyers in Toronto and Vancouver purchased homes in a rush for fear of missing out on good picks before these grow too expensive for their budgets, underscoring a disturbing trend in Canada’s most active housing markets.

 
Meanwhile, fully one-fifth of the survey respondents indicated a degree of buyer’s remorse, saying that they might have dived headlong into the frenzy without taking stock of what they could actually afford.
 
The survey proponents strongly suggested a calmer and more measured approach on the consumers’ part, as panic buying might artificially inflate demand and prices, thus further placing homes out of the average household’s reach.
 
“It's understandable that house hunters don't want to miss out on buying their dream home, but that shouldn't come at a cost they can't really afford,” TD Canada Trust associate vice president Marc Kulak said...
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-by Justin da Rosa

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Investors in this market likely to enjoy even higher rents.

Condo rents in Toronto have increased 6.8% year-over-year as vacancy rates fell to 0.5%, according to Urbanation.

“The rental market is benefitting from strengthening fundamentals such as employment and population growth, but also quickly eroding affordability and intense competition in the ownership market,” Shaun Hildebrand, Urbanation’s senior vice president, said. “Even with record numbers of condos coming up for rent by investors, conditions have tightened, supporting increased rental development.”

The number of condos rented through the MLS system in Q1 of this year increased by 25% year-over-year to 6,163 units.

That follows a record 2015 when 27,155 units were rented – a 19% year-over-year hike.
For the fourth quarter in a row, condo leases outgrew total listings. The ratio of lease-to-listings hit a Q1 record of 78% -- up from 64% a year ago.

The average time on market also...
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No one wants to deal with a burglary. How do you reduce the chances of one happening?

Fortunately, burglaries are a well-studied phenomenon — especially by law enforcement. These studies have identified specific things you can do to cut the risk dramatically. Here are some ideas:

             • 34% of home break-ins occur through the front door. Experts recommend investing in a door with a top-quality locking mechanism. (The best are those that lock at three points of contact.)

             • 50% of burglars will be deterred if your home has some sort of video monitoring system. A thief doesn’t want his face on YouTube!

             • Unfortunately, signs and window stickers warning of an alarm system do not deter thieves. However, 62% of burglars will immediately run away when an alarm goes off. Always turn on your alarm system when you’re not home! ...
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Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February 2016 when 4,172 homes sold.

Last month’s sales were 56 per cent above the 10-year sales average for the month.

"March was the highest selling month the REBGV has ever recorded,” Dan Morrison, REBGV president said. “Today's demand is broad based. Home buyers are active in neighbourhoods across our region."

New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,278 in March 2016. This represents an increase of 5.2 per cent compared to the 5,968 units listed in March 2015 and an 8 per cent increase compared to February 2016 when 5,812 properties were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,358, a 40.5 per cent decline compared to March 2015 (12,376) and a 0.8 per cent increase...
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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.