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I have listed a new property at 7073 Kingswood CRT in Delta.
West Coast contemporary custom designed by well-known architect. This quality of home is rarely available! One of the largest homes in desirable Sunshine Hills. Solid top quality materials, workmanship detail used throughout home. Large steel glass skylights offer plenty of natural light. Elegant designed with open curved staircase with solid western fir railing to upper floor. Functional floor plan features deluxe living & dining areas w/two way fireplace, a spectacular gourmet kitchen w/high end cabinetry & granite countertops. Family room w/fireplace overlooks a totally private parklike backyard backing onto Cougar Canyon completely landscaped including a huge cedar deck and arbour.
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US Economic Growth (Q2'2015)                                                                                                                         July 30, 2015


US real GDP grew at a modest 2.3 per cent annual rate in the second quarter, led by positive contributions from personal consumption, exports, and government expenditures. Most importantly, the contraction in GDP initially reported for the first quarter was revised away, with GDP now estimated to have grown 0.6 per cent.   

Improved US economic growth will help the Canadian economy regain its footing in the second half of the year, but may also prompt the US Federal Reserve to begin tightening monetary policy as early as September. If so, we could see Canadian long-term interest rates, and therefore longer-term mortgage rates, dragged higher in spite of recent action by the Bank of Canada.


It may be a good time to get off the fence and lock in that purchase that you have been looking for whether you are moving up, down or buying some recreational property for the family as a long term investment.


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BCREA ECONOMICS NOW


- July 15, 2015


The Bank of Canada announced this morning that it is lowering its target for the overnight rate by 0.25 percentage points to 0.5 per cent. In the press release accompanying the decision, the Bank emphasized that while this additional stimulus is required to help return the economy to full capacity given a contraction of GDP over the first half of the year, vulnerabilities associated with household imbalances could edge higher.

Although core inflation remains close to the Bank's 2 per cent target, growth in the Canadian economy has stagnated. Today's rate cut should help to partially offset the negative impacts of low energy prices in the parts of Canada hardest hit by the dramatic decline in oil prices and oil and gas activity while providing further stimulus to regions like British Columbia that are enjoying more robust growth. 


For housing, the impact in markets like Vancouver or the Fraser Valley that are already experiencing very strong demand may be relatively muted.  For other markets that been more negatively affected by low energy prices, including some areas of Northern BC,  this may help spur housing demand. 


So if you have been sitting on the fence this may be the time to step off and get into the market.

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I have listed a new property at 404 3680 7TH AVE W in Vancouver.
Jericho House - Penthouse floor condo with mountain views. This NW corner unit boasts laminate throughout, newer kitchen with granite countertops & tiled backsplash. The 4 piece bath is roomy with modern fixtures. Lots of light coming infrom the sliding glass doors leading out to your own west facing deck. Cozy wood burning fireplace, two secured U/G parking stalls & one storage locker. Wonderful location close to shops, eateries, Jericho tennis & sailing clubs & Jericho Beach Park! Just one bus to UBC. Max rental is 9. Shared laundry. No dogs, one cat allowed, ages 19+.
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I have listed a new property at 222 8183 121A ST in Surrey.
GREAT INVESTMENT. This beautiful upper unit has a large master bedroom and a good sized den with a window, ideal for guests or your private home office. Priced to sell fast!! Check the pics and virtual tour and you will know that this homeis perfect. This 725 square foot unit is spacious, airy with great light in comparison to others in the building and has a great floor plan. It also has all the modern finishing you would desire in a great building like Celeste! Call now to arrange a private viewing!!
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Please visit our Open House at 14619 MARINE DR in White Rock.
Open House on Sunday, July 12, 2015 2:00 pm - 4:00 pm
Magnificent views! Prime Marine Drive location shows like a '10'! Beach front living, home is just like new! Entertainers Open concept living plan. The design is silent beauty sophisticated with the feeling of space prevailing throughout.School catchments: Bayridge Elementary & Semiahmoo Secondary with the accelerated learning IB program. Woodworkers dream shop, you gotta see this one! Lane access & parking for 8 vehicles.
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I have listed a new property at 14619 MARINE DR in White Rock.
Magnificent views! Prime Marine Drive location shows like a '10'! Beach front living, home is just like new! Entertainers Open concept living plan. The design is silent beauty sophisticated with the feeling of space prevailing throughout.School catchments: Bayridge Elementary & Semiahmoo Secondary with the accelerated learning IB program. Woodworkers dream shop, you gotta see this one! Lane access & parking for 8 vehicles.
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