A special report compiled by the Canadian Real Estate Wealth Magazine has revealed the Top 100 Neighbourhoods for investment in Canada –   a list of the top micro markets set to lead the country in growth.

The Top 100 list includes both major cities and small towns neighbourhoods including downtown St. John’s, Nfld., and Bedford, Halifax, to Kitimat, B.C., and Cold Lake, AB.


Verico Press Release“As this report clearly shows, investment opportunities abound across Canada, both in bigger cities and smaller towns,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “No longer are the big cities dominating the real estate investment landscape.”


In addition to finding the right location for a real estate investment, finding the right financing is also essential to ensuring a good return on investment as it has a direct effect on profits.

“Investing is complex and risky. Generalized statistics can misinform the novice. That is why it is important for investors to use professional mortgage brokers and realtors,” says John Kelly, COO of VERICO Canada, a national network of over 2400 mortgage brokers.

“This is particularly true in towns with a smaller and less diverse economy, employment base, and rental market. A mortgage specialist with access to both national and local lenders as well as traditional and private financing sources is essential to make the investment perform," Kelly adds.

Real estate investors should seek professional advice from RE/MAX REALTORS® and VERICO Mortgage Brokers as real estate markets are often dependent on local conditions.


Extensive industry analysis and statistics were used in this report including population, average home price,

capital growth and vacancy rate.


The results will be featured in the Canadian Real Estate Wealth Magazine which will be on newsstands across Canada on September 30.


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The British Columbia Real Estate Association (BCREA) reports that a total of 6,863 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during August, up 28.6 per cent from August 2012.  Total sales dollar volume was 39.7 per cent higher than a year ago at $ 3.66 billion. The average MLS® residential price in the province was $533,400, up 8.6 per cent from August 2012.


“After sitting on the sidelines for much of 2012, home buyers were out in force during the summer months,” said Cameron Muir, BCREA Chief Economist.“ Fear of a housing market hard landing has given way to a sense of urgency to lock - in a mortgage at a low interest rate.”


While higher mortgage interest rates are on the horizon, BCREA forecasts the five - year posted mortgage rate to be 50 basis points higher a year from now. The impact on consumer demand is expected to be largely offset by stronger economic conditions and the associated employment growth.


Year-to-date, BC residential sales dollar volume was up 1.5 per cent to $26.5 billion, compared to the same period last year. Residential unit sales were down 0.6 per cent to 49,849 units, while the average MLS® residential price was up 2 per cent at $532,130.


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An interesting artilce from the Financial Post:


According to Statistics Canada, about one-quarter of Canadians are spending too much on housing costs. “Too much” is defined by Canada Mortgage and Housing Corporation (CMHC) as 30% or more of household income. Are you house rich and cash poor?


First off, it’s important to understand what CMHC’s “household income” refers to in order to measure if you are over or under the suggested 30% threshold. They define household income as pre-tax household income, which is a questionable metric due to our tax code.


We have a graduated tax system in Canada where every taxpayer files their own tax return, so there can be a big difference in after-tax income between two households with identical household incomes. A household where two people are earning $50,000 each in Ontario, for example, has after-tax income of about $75,840. A household where one person is earning $100,000 – the same gross income as the $50,000 times 2 household – has only $69,841 of after-tax income. That’s a difference of about 8%, so not immaterial.


What are “housing costs”? According to CMHC, these costs include rent and utilities for renters. For homeowners, included are mortgage payments, property taxes, condo fees and utilities.


Several factors are ignored by the 30% rule of thumb. What if a couple has two cars and they drive long distances to work, so transportation costs are higher than a couple with no cars? What if they have kids? They’re not cheap either.


Continue reading here.


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Honey Stop The Car!

I've listed a great home for a great price in a high desired area of West Abbotsford's "Country Lane Estates"!


It is a bright Southern facing home with 3 bedrooms, 2 baths, and a wonderful family room.  It also has a good size formal living and dining room.  This is a family oriented complex so it allows you to feel safe while rasing your family there.


It is located near all levels of schools (elementary, middle and secondary); has easy freeway access and is close to the brand new High Street shopping mall and bus route.


This home comes with 3 parking spots plus plenty of vistor parking.  Unfortunately no rentals allowed, however pets allowed with restriciton.


We would love to work with you call today for your personal tour.


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How often do you unplug?  I came across this great post today that I wanted to share with you.  Being "plugged in" is so prevelant in our society today, and unplugging is becoming more and more important than ever.


"The average person checks his or her smartphone approximately 150 times in 16 hours. A one-day digital detox made one man realize just how important it is to unplug.
The average person will make, receive or avoid 22 phone calls and send 23 text messages in a given day. Things have gotten so bad that we now check or use our phones at dinner, in the bathroom, while driving, at the movies and in bed.

One day last month, I chose to do the unthinkable: I decided not to use any electronic devices for 24 hours. I picked a Friday as the day to “cut the cord” and put my smartphone, tablet device and laptop in my desk drawer. These are the lessons I learned that day when I focused on living in the moment and appreciating my surroundings:


1. We are addicted to our smartphones. Our phones, more so than our tablet devices and notebook computers, are the culprits behind our insatiable need to keep abreast of everything that's happening around the world. According to a study done by Tomi Ahonen, a mobile technology expert, the average person will check his or her smartphone approximately 150 times in a working day of 16 hours, or once every 6.5 minutes. In addition, the average person will make, receive or avoid 22 phone calls and send 23 text messages in a given day.

Things have gotten so bad that we now check or use our phones at dinner, in the bathroom, while driving, at the movies and in bed. For the majority of smartphone users, our phone is the last thing we check at night and the first thing we reach for in the morning. Many of us have chargers that double as a carrying case while others carry their chargers with them in the event their phones die from overuse. Yep, we are addicted to our smartphones!

2. Smartphones are a necessary and integral part of our daily lives. During my one-day experiment, I learned that my smartphone plays an important role in keeping me connected wherever I am in the world. I use it as an alarm clock, I text family and friends with important messages (e.g., “Can you pick up the kids?” “I’m running five minutes late”), I conduct business on my phone, use it as a GPS, listen to music while working out and I take pictures to capture everyday moments. Smartphones, in many ways, have made our lives more efficient and manageable.

3. Smartphones are also the ultimate time suck in our daily lives. We play games, constantly check for social media updates and send mindless text messages that could easily wait until we see the people we’re texting in person. During my experiment, I admittedly wondered what messages I was missing, who called me and what people were doing that day. When I checked my phone the next day, I realized that almost everything I missed on Friday could have waited until Saturday. There were several missed calls and text messages that were time sensitive, but the Earth didn’t spin off its axis because I responded to them 24 hours later.

4. The future will make our professional and personal lives even more interconnected. As a society, we are moving toward a time and place where there will be no boundaries left between our business and personal lives. The thought of going to work from 9 to 5 is going the way of two weeks of vacation every year and receiving a gold watch upon retirement from the company you worked at for 30 years. This melding of our lives is actually taking place today. Unless we reinforce the eroding boundaries now, social acceptance of being accessible 24 hours/day will become reality. This notion leads me to the last thing I learned from my experiment.

5. It’s important to periodically cut the cord. At one point during my “living in the moment” day, I played basketball with my son. As I stood on the court, hands on my hips trying to breathe, I realized two things: First, I’m not 21 anymore and I can’t keep up with my son playing basketball for two to three hours and, second, I could physically feel the relief from being untethered to my smartphone. It almost felt like freedom. I wasn’t beholden to the people texting me, calling me or updating their social media platforms. I could hear my surroundings instead of the monotonous sound of my marimba ringtone. As with exercise, eating healthy and getting enough sleep, I reminded myself of how good it felt to live in the moment.


I should try this experiment more often.


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The BCREA Commercial Leading Indicator (CLI) rose for the second consecutive quarter, increasing 1.2 points from the first quarter of 2013. The index is currently sitting at 113.4. On a year-over-year basis, the CLI is 0.2 per cent above the second quarter of 2012. The index reached an all-time high of 116.1 in the second quarter of 2007.

An increasing CLI in the first half of 2013 offset a sharp decline in the final quarter of 2012 to produce an overall flattening in the index’s underlying trend. This indicates that growth in the commercial real estate sector should continue at an average pace through the remainder of 2013.

“The second quarter saw a significant increase in the CLI as economic activity and office employment rebounded,” said Brendon Ogmundson, BCREA Economist. “However, rising long-term interest rates may present an obstacle to growth in the second half of 2013.” -



See more at www.bcrea.com.


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My family is hosting an estate sale this weekend! 



We'd love to see you out!


The address is:

19939 8th Avenue, Surrey BC

(Hazelmere Valley)


Here is a Google map for your reference:


View Larger Map




Saturday, September 14th

Sunday, September 15th, 2013



10 AM - 3 PM

Furntiture, Royal Albert China, Everything!!!


See you there!!


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It is my job to make sure you get the best price for you home!  Watch this video to see how I can help you:



I would love to work with you, and by that I mean getting you the best possible deal!


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  • The forward guidance statement reiterated that "as long as" there is significant slack, low inflation and improving household balance sheet conditions, the current policy support will remain

  • The bank says that "over time" as conditions normalize a "gradual normalization of policy interest rates can also be expected."

  • Today’s statement reconfirmed that the Bank will look through the choppiness in the economic data with the expectation that the economy’s momentum will shift into a higher gear thereafter. In July 2013, the Bank estimated that the gap would close around mid-2015. While today’s statement incorporated a slightly less optimistic view of the near-term outlook for US growth and acknowledged that in turn, a firming in Canadian export and business investment was evolving slower than projected, the main thresholds required for the Bank to start to reduce the amount of stimulus remained intact. On balance, by highlighting that the output gap will begin to narrow in 2014 and that imbalances in the household sector are likely to continue to dissipate, today’s statement supports our expectation that the Bank will begin to pare back the amount of stimulus in the second half of 2014

The Bank of Canada made no change to the policy rate today as was universally expected. The statement reiterated that there are three factors supporting the case for the current "considerable monetary policy stimulus" to remain in place: muted inflation, significant economic slack, and the constructive evolution of household balance sheet imbalances. As these factors normalize, "a gradual normalization of policy interest rates can also be expected."


The statement acknowledged that the global economy was expanding as the Bank expected; however, US growth has been slightly slower while Europe and Japan showed improvement. The Bank acknowledged that geopolitical events were exerting upward pressure on oil prices although overall commodity prices have been stable.


Although the global economy is expanding as expected, the attendant effect on Canada has been less favourable with the anticipated strengthening in business investment and export growth not, as yet, playing a strong role. Canada’s housing market has proven to be somewhat firmer than expected; however, this has not fuelled a pickup in credit demand, and the Bank expects recent increases in mortgage rates to support a continuation of the trend toward improvement in household imbalances.


The 1.7% annualized increase in second quarter gross domestic product (GDP) exceeded the Bank’s forecast; however, it confirmed that the economy was affected by one-off factors including flooding in Alberta and a construction industry strike in Quebec as the growth rate was lower than the 2.2% annualized gain recorded in the first quarter of 2013. Despite this overshoot in the second quarter, the Bank still looks for the economy to grow at a rate in line with its forecast contained in the July Monetary Policy Report thereby suggesting that policymakers may have tempered the magnitude of the rebound in the real GDP growth forecast for the third quarter. In July, the Bank projected real GDP growth of 1.8% in 2013, and 2.7% in 2014 and 2015. These forecasts are in line with our own projections. Against the backdrop, the Bank looks for the output gap to begin to narrow in 2014.


Today’s statement reconfirmed that the Bank will look through the choppiness in the economic data with the expectation that the economy’s momentum will shift into a higher gear thereafter. In July, the Bank estimated that the gap would close around mid-2015. While today’s statement incorporated a slightly less optimistic view of the near-term outlook for US growth and acknowledged that in turn, a firming in Canadian export and business investment was evolving slower than projected, the main thresholds required for the Bank to start to reduce the amount of stimulus remained intact. On balance, by highlighting that the output gap will begin to narrow in 2014 and that imbalances in the household sector are likely to continue to dissipate, today’s statement supports our expectation that the Bank will begin to pare back the amount of stimulus in the second half of 2014.

Written by:

Dawn Desjardins, Assistant Chief Economist, RBC Economics

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House-Hunting Made Easy

Here's how the story typically goes; you are looking to buy a home but you have to WAIT for that appointment with a Realtor first before you can get to see the homes that are PERFECT for you!  Here's what the reality is, I am available 24 hours a day through my website and internet marketing!


My online marketing system allows me to make information accessible to you 24-hours a day, and to respond immediately and directly to each and every prospective Buyer.  From my website, prospective buyers can get information immediately about your home. They can access my site 24 hours a day and view your property listing, including all the details and pictures, and even in some cases videos!

Get Your For Sale Sign Seen

Through my Personal Home Search, your listing will be sent by e-mail to every prospective Buyer in my database, where your home meets their criteria. Plus it will be e-mailed automatically to future prospective Buyers as well.  Automatic advertising! 


If you have any questions about how my systems work and how they can benefit you, please don't hesitate to get in touch with me right away!


Till then ...



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From the Fraser Valley Real Estate Board: Continued improvement in Fraser Valley’s housing market!


Great news!


"Buyers and sellers continued to show greater confidence in the market last month as home sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) edged closer to typical levels.


The Board processed 1,258 sales in August, an increase of 17 per cent compared to the 1,073 sales in August of last year however, the volume remains 13 per cent below the 10-year average for the month.


Ron Todson, President of the Board, explains, “The best way to describe our market currently is one of continued, modest improvement as buyers and sellers become more confident."


“In the last month in the Fraser Valley, we’ve seen an increase in sellers willing to accept an offer subject to another sale, we’re seeing fewer deals collapse and we’re seeing more move-up buyers, either improving on the size or quality of their existing home. These are all indicators of a return to a more typical, stable market.”


In terms of inventory, the Board received 2,353 new listings in August, a decrease of 2 per cent compared to the 2,406 new listings received during the same month last year – leaving the volume of active properties at 10,127 a decrease of 2 per cent compared to August 2012.


Todson says, “An important measure of the balance between housing supply and demand is the number of months it would take to sell our existing inventory. We’re currently sitting at eight months’ supply in the Fraser Valley, indicating a balanced market, which is also being reflected in the stability of home prices."


You can read the entire original post here.


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