Steve Davis : Archived blog posts for : January 2025

Bank of Canada cuts key interest rate to 3.0%

Posted on January 29, 2025 by Steve Davis

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New property listed in West End NW, New Westminster

Posted on January 19, 2025 by Steve Davis

Posted in West End NW, New Westminster Real Estate

New property listed in West End NW, New Westminster

I have listed a new property at 1422 TENTH AVE in New Westminster. See details here

Open house 1-3pm on Sun Jan 12th. Welcome to this 4 yrs-old luxury custom-built 3-level home, featuring 10ft ceiling on the main floor, hardwood floor all over, high-end appliances. Still under the 2-5-10 warranty. Bordering on the city of Burnaby and New Westminster in a very desirable area! Top school catachments around: close to Tweedsmuir Elementary School, St. Thomas More Collegiate, Our Lady of Mercy School, New Westminster Secondary School, Bryne Road Shopping, 22nd Street Skytrain Station/Edmonds Skytrain Station, and much more! Large southeast facing backyard, lane access, triple garage. There's a one-bdr legal rental suite down in basement, together with a huge recreation room.

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Bank of Canada Announcement Dates for 2025

Posted on January 18, 2025 by Steve Davis

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Market Update for December 2024

Posted on January 11, 2025 by Steve Davis

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Market Summary for December 2024

Posted on January 11, 2025 by Steve Davis

Residential sales in the region totaled 1,765 in December 2024, a 31.2 per cent increase from the 1,345 sales recorded in December 2023. This was 14.9 per cent below the 10-year seasonal average (2,074) for the month.

There were 1,676 detached, attached and apartment properties newly listed for sale on the MLS® system in Metro Vancouver in December 2024. This represents a 26.3 per cent increase compared to the 1,327 properties listed in December 2023. This was 1.1 per cent below the 10-year seasonal average (1,695).

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Market Summary for December 2024

Posted on January 11, 2025 by Steve Davis

Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signaling strengthening demand-side momentum to close out 2024.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 26,561 in 2024, a 1.2 per cent increase from the 26,249 sales recorded in 2023, and a 9.2 per cent decrease from the 29,261 sales in 2022.

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