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Open House Open House on Sunday, November 27, 2022 2:00PM - 4:00PM

Please visit our Open House at 622 DANSEY AVE in Coquitlam.
Open House on Sunday, November 27, 2022 2:00PM - 4:00PM
This lovely 5 bedroom family home in Coquitlam West is located on a quiet no through street! This coveted corner lot home has lane access & a large backyard! The home features original hardwood floors throughout the entire upstairs, nice dining area, bright kitchen with eating area attached to oversized sundeck perfect for entertaining! Cozy on up to 1 of the 2 wood burning fireplaces upstairs or down in either living room. The master bedroom is large & looks out to the beautiful tree-lined backyard. Downstairs is a great space with it's own separate entrance. Welcome your in-laws or your older children in to their own private space. Close to the Vancouver Golf Course, Lougheed Mall and loads of shopping. Quick access to HWY 1, elementary & middle schools are all in close proximity.
 
 
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has just listed ANOTHER home in Coquitlam West, Coquitlam

The Thornton Group has just listed ANOTHER new property at 622 DANSEY AVE in Coquitlam.
This lovely 5 bedroom family home in Coquitlam West is located on a quiet no through street! This coveted corner lot home has lane access & a large backyard! The home features original hardwood floors throughout the entire upstairs, nice dining area, bright kitchen with eating area attached to oversized sundeck perfect for entertaining! Cozy on up to 1 of the 2 wood burning fireplaces upstairs or down in either living room. The master bedroom is large & looks out to the beautiful tree-lined backyard. Downstairs is a great space with it's own separate entrance. Welcome your in-laws or your older children in to their own private space. Close to the Vancouver Golf Course, Lougheed Mall and loads of shopping. Quick access to HWY 1, elementary & middle schools are all in close proximity.
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has JUST SOLD ANOTHER property at 36 13819 232 ST in Maple Ridge

The Thornton Group has JUST SOLD ANOTHER property at 36 13819 232 ST in Maple Ridge.
Brighton Townhomes, proudly built by Portrait Homes in the award winning community of Silver Ridge. This home features 2 Bedrooms up,1 large office/3rd bedroom down & 3 Bathrooms. This Spacious home has loads of natural sunlight. A Massive unobstructed View with gorgeous sunsets, while sitting on your large balcony. The kitchen is center of attention with Granite countertops . Master Bedroom shares the stunning view of the mountains and sunsets with a ensuite and new laminate floors through-out the entire top floor. Brand New Washer, Dryer. 1 car garage with driveway parking for your second vehicle . All located minutes away from Maple Ridge Park, equestrian center, Wildplay park and plenty nature paths. The development is pet friendly and allows rentals! Book a Viewing Today!
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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The Thornton Group has JUST SOLD ANOTHER property at 404 1655 GRANT AVE in Port Coquitlam

The Thornton Group has JUST SOLD ANOTHER property at 404 1655 GRANT AVE in Port Coquitlam.
Beautiful 2 Bedroom Condo in Port Coquitlam. The Benton is a quiet Top Floor North Facing Mountain view in natural light with a lovely, spacious balcony. Gorgeous layout & perfect condition thru-out. This home has BRAND NEW Carpets in both Bedrooms! Master bdrm is ample size with plenty of Closet area & 2nd Bdrm is also a good size. Kitchen is white with a great Breakfast Bar & new track lighting. Good entertaining home with lots of space & a cozy fireplace. Bathroom has been nicely updated with new flooring, toilet & light fixture. In Suite laundry. Large amenities party room with pool table & huge outdoor balcony for your special events, Walking distance to shopping, parks, schools, transportation & restaurants yet a quiet street. Easy to show home with lots of street parking!
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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Inflation, rising interest rates create caution across Metro Vancouver’s housing market

VANCOUVER, BC – November 2, 2022 – Home sale activity across the Metro Vancouver* housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold in September 2022.

Last month’s sales were 33.3 per cent below the 10-year October sales average.

“Inflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options,” Andrew Lis, REBGV’s director, economics and data analytics said. “With sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022.”

There were 4,033 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2022. This represents a 0.4 per cent decrease compared to the 4,049 homes listed in October 2021 and a 4.6 per cent decrease compared to September 2022 when 4,229 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,852, a 22.6 per cent increase compared to October 2021 (8,034) and a 1.2 per cent decrease compared to September 2022 (9,971).

“Recent years have been characterized by a frenetic pace of sales amplified by scarce listings on the market to choose from. Today’s market cycle is a marked departure, with a slower pace of sales and more selection to choose from,” Lis said. “This environment provides buyers and sellers more time to conduct home inspections, strata minute reviews, and other due diligence. With the possibly of yet another rate hike by the Bank of Canada this December, it has become even more important to secure financing as early in the process as possible.”

For all property types, the sales-to-active listings ratio for October 2022 is 19.3 per cent. By property type, the ratio is 14.3 per cent for detached homes, 21.6 per cent for townhomes, and 23.2 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,148,900. This represents a 2.1 per cent increase from October 2021, a 9.2 per cent decrease over the last six months, and a 0.6 per cent decrease compared to September 2022.

Sales of detached homes in October 2022 reached 575, a 47.2 per cent decrease from the 1,090 detached sales recorded in October 2021. The benchmark price for a detached home is $1,892,100. This represents a 1.6 per cent increase from October 2021 and a 0.7 per cent decrease compared to September 2022.

Sales of apartment homes reached 995 in October 2022, a 44.8 per cent decrease compared to the 1,801 sales in October 2021. The benchmark price of an apartment home is $727,100. This represents a 5.1 per cent increase from October 2021 and a 0.2 per cent decrease compared to September 2022.

Attached home sales in October 2022 totalled 333, a 44.8 per cent decrease compared to the 603 sales in October 2021. The benchmark price of an attached unit is $1,043,600. This represents a 7.1 per cent increase from October 2021 and a 0.5 per cent decrease compared to September 2022.

*

*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

The real estate industry is a key economic driver in British Columbia. In 2021, 43,999 homes changed ownership in the Board’s area, generating $2.98 billion in economic spin-off activity and an estimated 20,942 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $53.4 billion in 2021.

The Real Estate Board of Greater Vancouver is an association representing more than 14,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

For more information please contact:

Craig Munn

V.P., Communication and Events

Real Estate Board of Greater Vancouver

604.730.3146

cmunn@rebgv.org

 
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5 Easy Ways to Make your Home More Eco-Friendly

These days, people are more environmentally conscious. When it comes to their homes, that often starts with being more thoughtful about heating and cooling so they’re consuming less energy. With that in mind, here are some tips for making your home more eco-friendly:

  1. Install a smart thermostat. Modern thermostats come with various features that help you manage heating and cooling, so you use less energy. For example, you can program a thermostat to adjust temperature during the workday and then turn on heating or cooling an hour before you get home.
  2. Take advantage of non-peak times. Many utilities (electricity, water, etc.) offer price breaks at non-peak periods. For example, washing your clothes later in the evening might reduce your water bill. Ask your utility providers about available price-saving programs.
  3. Buy energy-saving products. A wide range of products are available to help you lower energy consumption, from shower faucets to kitchen ranges. The next time you’re shopping for an appliance or fixture, ensure it has eco-friendly features.
  4. Replace worn insulation. A one-inch crack in window insulation can cause your home’s HVAC system to work harder. That’s why experts advise that you check the insulation around doors and windows once a year and repair or replace it where necessary.
  5. Manage passive heat. It’s no surprise that a window letting in the sun will make a room warmer. So, take advantage of this free energy source. Let sun into rooms on cool days, so your furnace doesn’t have to come on as often. Do the opposite on hot days.
I’m well-connected in the local home industry. If you need any advice or recommendations, call today!
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Viewing Homes when You Have Little Time to View Homes

Have you ever had to go last-minute gift shopping? If so, you know what that can be like. You don’t have time to amble casually through numerous stores in hopes of coming across something suitable. The clock is ticking. You need to find the right gift, now!

A similar thing can sometimes happen when shopping for a new home. You may not have a lot of time available in your schedule. Yet, you need to view properties and find the right home, quickly.

So, how do you do that on a tight schedule?

One way is to be clear on the type of home you want to get into. The more narrow your search parameters, the more likely you are to view properties that are strong candidates.

Create a profile of your dream home, including property type, number of bedrooms, features, and other details. Also, be clear on the kind of neighbourhood you’d like to live in — including the type of street.

In addition, you should ensure that you’re shopping within the correct price range. Find out what the type of home you want is currently selling for on today’s market. Then, make sure you’re shopping within that range.

If you discover that your budget is below what ideal homes are selling for, adjust either your budget or your property expectations. If you can’t increase your budget, don’t panic. Chances are, you can still get a great home in your price range.

When scheduling viewing appointments, see as many homes as you can on each trip. That way, you’ll make the most of your viewing time. Also, when seeing a property, ensure you get all the information you need to make a decision. You’ll want to avoid having to view a property twice.

Want to find the ideal home faster? Call today!
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Tips for the Moving Process

It’s official: you’ve signed the papers, dotted all the i’s and crossed the t’s—you own a new home! You’ve almost reached the end of your journey. However, now, faced with the daunting task of moving, it may seem as though the journey has just begun. Moving can be a time-consuming and stressful experience if you let yourself be overwhelmed by the job. Remember, though, having a successful move means taking care of the details, one by one. If you break the process down into steps and arrange your time accordingly, you can make it manageable. Use the following checklist to ensure you’re covering all the bases, and you will be well on your way to a successful move!

Household

• Arrange to have your mail forwarded to your new address.
• Forward or cease all deliveries to your home, and forward or cancel newspaper and magazine subscriptions.
• Disconnect or take care of utility, cable and phone services and accounts.
• Arrange for utilities to be connected at your new house.
• Cancel pre-authorized bill payments.
• Begin going through closets and discarding any unnecessary items.

Packing

• Plan your packing. Start by purchasing or acquiring suitable containers. Most moving companies have specialized containers you can buy. Also, speak with others who have recently moved—they may be looking to get rid of boxes. You’ll need the following: small boxes for heavy items (books, tools, etc.); large boxes for bulky items (bedding, stuffed toys, etc.); medium boxes for bulky but less heavy items (towels, small appliances, etc.).
• Begin to collect other packing materials. Decide which items you’ll need from the following checklist:
   -White paper
   -Tissue paper
   -Paper towels
   -Newspapers
   -Non-printed paper
   -Packing tape or twine to seal boxes and containers
   -Scissors
   -Labels and stickers (available from your moving company)
   -Felt marker to label boxes
   -Notebook and pen for listing contents
• Set goals and deadlines for yourself. Aim, for example, to pack one room per week.
• Attach a list of contents to each box. Separate and label boxes to be placed in storage.
• Consider holding a garage sale to rid yourself of excess belongings.
• Begin to use up the food in your pantry and freezer. Let the food you already have dictate your menus.
• Have rugs cleaned that are to be moved, then roll and wrap them.
• Make special arrangements for the moving of plants or pets.
• Collect all personal items from local services (dry cleaning, storage, photos).
• Service all appliances you are taking with you. Note that all gas appliances must be emptied, as it is illegal for movers to carry flammable substances.
• Take inventory of all the boxes, and contents of the boxes, you have packed.
• Have your car serviced and tuned up.

Community

• Return library books.
• Clean out your locker at any club you are leaving.
• Determine how to transfer your children to a new school.
• Return items you’ve borrowed to friends, and collect any you’ve lent.
• Mail or e-mail change of address notices to family members, friends, and office contacts.

Records

• If needed, transfer medical and dental records, and fill prescriptions.
• Change the address on your driver’s license.
• Change the billing address for credit cards.
• Change the address for banking statements.
• Leave a record of security codes for new tenants.

Insurance and Legal Matters

• Visit your lawyer and ensure all documents are signed.
• Notify your insurance company well in advance of the move and ask them to review your policy.
• Transfer insurance to your new home, or acquire new insurance.
• Review your moving company’s insurance policy. If it doesn’t cover as much as you’d like it to, obtain your own.
• If you are currently renting a house or apartment, give written notice to the landlord.
• Have all keys to your old home delivered to your lawyer or realtor.

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The Thornton Group has just listed ANOTHER home in Riverwood, Port Coquitlam

The Thornton Group has just listed ANOTHER new property at 1 998 RIVERSIDE DR in Port Coquitlam.
Look No Further, Parkside Place corner end unit has become available! Large 2 Level 2100+ sqft home! Upstairs has 3 huge bright bedrooms & skylights! Walk into your Master bedroom through beautiful French doors that features a lovely gas fireplace & Large walk-in closet. Beautiful spa inspired 4pc ensuite with soaker tub. Laundry upstairs for your convenience. Main level has 9 feet soaring ceilings, Formal dining & living room, everyday family room with another gas fireplace! Chef inspired Kitchen with a Breakfast bar & eating area that leads to the beautiful Backyard with covered patio & gas hook up for the BBQ. Don’t miss the double car garage & 5 foot tall crawl space that is the entire size of the unit! NEW High E furnace & A/C.
Colin Thornton PREC*, Greg Thornton & Maria Chalmers With The Thornton Group at Keller Williams Elite Realty Port Coquitlam Greater Vancouver  are Top producing Real Estate Experts!
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