Jeffrey Qián 錢 曄 // 778-238-2014 // info@jeffreyqian.com

Canadian retail sales increased for a second consecutive month in March, rising 1.1 per cent to $51.3 billion. Retail sales were higher in 7 out of 11 subsectors with higher sales at gas stations and building and gardening material stores as the main contributors growth.   

In BC,  retail sales were up 0.7 per cent on a monthly basis and just 1.2 per cent year-over-year. Despite a strong labour market, BC consumers have been hesitant to spend over the past year. Interest rate sensitive and housing related sectors continue to be a drag on the retail sector. Sales of motor vehicles and parts were down 6 per cent year-over-year and sales of furniture and home furnishings fell 3.7 per cent. 
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Please visit our Open House at 377 1784 OSPREY DR in Tsawwassen.
Open House on Sunday, May 19, 2019 2:00PM - 4:00PM
This charming 3 bedroom, 2.5 bathroom sits on a quiet street in the Tsawwassen Shores Community. Entertain in this open floor plan for dining or relaxing with friends and family. A top quality chefs kitchen is a great space with full view of the main floor. The unit is bright and quiet, has 9' ceilings with lots of storage, 2 car private garage and upgrades including a built in vacuum system. Enjoy green space, parks, an oceanside boardwalk & trails, outdoor recreation, sports facilities and more in this master planned community! 5 minutes from BC Ferries, 20 minutes to YVR and walk to Tsawwassen Mills Shopping Center. A pleasure to show!
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The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 per cent from the same month last year. The average MLS® residential price in the province was $685,304, a decline of 6.2 per cent from April 2018. Total sales dollar volume was $4.6 billion, a 23.9 per cent decline from the same month last year.

“BC home sales were essentially unchanged from March on a seasonally adjusted basis,” said BCREA Chief Economist Cameron Muir. “Prospective home buyers continue to grapple with the decline in their purchasing power caused by federal government changes to mortgage policy.”

Total MLS® residential active listings increased 33.6 per cent to 38,672 units compared to the same month last year. The ratio of sales to active residential listings declined from 28.4 per cent to 17.2 per cent over the same period.

Year-to-date, BC residential sales dollar volume was down 29.8 per cent to $13.9 billion, compared with the same period in 2018. Residential unit sales decreased 24.5 per cent to 20,479 units, while the average MLS® residential price was down 7 per cent to $680,671.

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I have listed a new property at 377 1784 OSPREY DR in Tsawwassen.
This charming 3 bedroom, 2.5 bathroom sits on a quiet street in the Tsawwassen Shores Community. Entertain in this open floor plan for dining or relaxing with friends and family. A top quality chefs kitchen is a great space with full view of the main floor. The unit is bright and quiet, has 9' ceilings with lots of storage, 2 car private garage and upgrades including a built in vacuum system. Enjoy green space, parks, an oceanside boardwalk & trails, outdoor recreation, sports facilities and more in this master planned community! 5 minutes from BC Ferries, 20 minutes to YVR and walk to Tsawwassen Mills Shopping Center. A pleasure to show!
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Canadian employment jumped by 107,000 jobs in April after posting a slight loss in March. In the past 12 months, the Canadian economy added 426,000 jobs including 248,000 full-time jobs. The national unemployment rate fell 0.1 points to 5.7 per cent.

In BC, employment grew by 5,900 jobs in April as a nearly 30,000 job increase in full-time work was partially offset by a drop in part-time employment.  On a year-over-year basis, employment was up 3.3 per cent. The provincial unemployment rate fell 0.1 points to 4.6 per cent.
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Canadian housing starts increased 23 per cent on a monthly basis in April to 235,460 units at a seasonally adjusted annual rate (SAAR).  The trend in Canadian housing starts was up,  averaging 206,000 units SAAR over the past six months. 

In BC, total housing starts were down 51 per cent on a monthly basis to 49,200 units SAAR.  Total starts were up 26 per cent compared to April of last year.  On a monthly basis, starts of multiple units were up 63 per cent to 41,000 units SAAR while single detached starts rose 11 per cent to 8,150 units SAAR.
 
Looking at census metropolitan areas (CMA) in BC: 

  • Total starts in the Vancouver CMA were up 63 per cent on a monthly basis in April at 34,200 units SAAR as multiple unit starts jumped 75 per cent from March   Compared to April 2018, total starts in Vancouver were up 46 per cent. 

  • In the Victoria CMA, housing starts more than doubled on a monthly basis to 5,305 units SAAR, mostly due to a spike in multiple unit starts. New home construction was up 66 per cent year-over-year.

  • Total starts in the Kelowna CMA increased 30 per cent on a monthly basis, though were still relatively low at just 760 units SAAR. Year-over-year, total starts were down 82 per cent as inventory of unsold units accumulate, constraining further new construction projects. This is precisely the risk we outlined when the provincial speculation tax was introduced.
  • Housing starts in the Abbotsford-Mission CMA were down 46 per cent in April at just under 1000 units SAAR. However, on a year-over-year basis, new home construction was up more than double due to strong multiple unit starts.
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I have sold a property at 11791 YOSHIDA CRT in Richmond.
Rarely available-Lovely and Cozy 3 bedroom home in a peaceful private Cul-De-Sac. Just a few steps to McMath Secondary, Steveston's park and Community Center. Recent reno include new painting, new washer,dryer, appliances, hot water tank(2 years) laminate floor(5 years)roof(5 years) . Induction stove, convection microwave oven in kitchen, brand new bathroom with marble counter top, new bathtub, tiles, lights and painting. Beautiful light house in sun exposure western backyard is a bonus. Park at your front door. Just move into this friendly neighborhood and enjoy the charm of this specific area in Rmd. Open House May 26th/27th 1-4PM
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I have sold a property at 3607 777 RICHARDS ST in Vancouver.
Telus Garden - one of the most anticipated and desirable building in DT Vancouver. Rarely find 1 BDRM and Den unit with 1 parking and 1 good sized storage locker. Features include chefs kitchen with Miele appliances, Kohler fixtures, A/C, large balcony with views of city, partial mountain and water. Steps to both Canada and Millennium Line stations, Rogers Arena, Pacific Centre shopping mall and all kinds of restaurants and shops. 24 hrs concierge. Amenities include lounge with fireplace, heated outdoor pool, gym and hot tub. Easy to show.
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I have sold a property at 314 20078 FRASER HWY in Langley.
Sold! Varsity Living!! Beautifully kept 2 bedroom unit with great eastern exposure, shows like new. Modern 3rd floor unit with stainless steel appliances and granite countertops, laminate flooring and nice view of mountains. 2 parking stalls, 1 storage locker. Complex is in a great locations, everything you need within a 2 block radius plus handy location for public transit. Rentals allowed.
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I have sold a property at 133 2228 162 AVE in Surrey.
"THE BREEZE" 3 Bedroom 3 Bathroom CORNER UNIT Townhouse with WEST COAST CONTEMPORARY finishes. OVER SIZED Balcony that wraps around the corner of unit, perfect for entertaining guests. HIGH END finishes throughout with open layout that offers a formal dining area off the kitchen, with HIGH ceilings and over-sized windows allowing plenty of natural light. Stainless Steel appliances, high-end laminate flooring, white cabinets with center island, glass back splash, and quartz counter tops! Tandem garage that can be turned into an office/den or turn into work shop and still have room to park two mid-size cars. GREAT LOCATION walking distance to all shopping, restaurants, NEW Grandview Heights pool walking distance from complex.
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I have sold a property at 2803 688 ABBOTT ST in Vancouver.
What a great find! This well laid out & extremely efficient unit features sunny south views of False Creek & the city skyline including Rogers Arena & BC Place. The location couldn't be better - the stadium/Chinatown Station is across the street & Rogers Arena, Costco, T&T & Tinseltown are all within walking distance not to mention the cafe & restaurant scenes of Gastown, Beatty Street, etc. This well maintained unit features a spacious kitchen including stainless steel appliances, an over the range microwave & bar seating at a large granite countertop. Also included are insuite W/D, electric fireplace & an efficient den/flex room. Building amenities include an indoor lap pool, hot tub, sauna, gym & more.
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I have sold a property at 5193 TOPAZ PL in Richmond.
Welcome home to Riverdale and beautiful Tiffany Estates! Lovingly updated throughout with an architect's touch. Great flowing floor plan with 3-bedroom, newly renovated 2-1/2 bathrooms with high quality finishings and radiant floor heating (upstairs), high vaulted ceiling in the entryway and living room, white oak engineered floors in the main living area. Custom designer millwork features throughout the house. Easy access to shopping, parks, airport and Vancouver. Walking distance to Archibald Blair Elementary and JN Burnett Secondary.
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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.