BCREA ECONOMICS NOW

Canadian Real GDP Growth - October 31, 2011

The Canadian economy expanded 0.3 per cent in August following an upwardly revised 0.4 per cent gain in July. Economic growth was led by a 2.8 per cent increase in output in the energy sector as projects re-started from temporary shutdowns in the summer. Excluding the energy sector, monthly GDP growth was flat.

Through the first two months of the third quarter the Canadian economy is growing at about a 2.0 per cent rate – an improvement from the recession fears of the summer, but far from robust. We anticipate the economy will continue to grow at about a 1.5 to 2.0 per cent rate for the second half of the year. Slower than potential economic growth will put moderate downward pressure on inflation and keep the Bank of Canada in a holding pattern.

For more information, please contact: 

Cameron Muir

Brendon Ogmundson

Chief Economist

Economist

Direct: 604.742.2780

Direct: 604.742.2796

Mobile: 778.229.1884

Mobile: 604.505.6793

Email: cmuir@bcrea.bc.ca

Email: bogmundson@bcrea.bc.ca

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Copyright British Columbia Real Estate Association. Reprinted with permission. BCREA makes no guarantees as to the accuracy or completeness of this information.

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Please visit our Open House at 311 1033 ST GEORGES AVE in North Vancouver.
OPEN HOUSE: Sat Oct 28 2-4pm
The Villa St Georges in Central Lonsdale is gorgeous & BRAND NEW ! This spacious, corner 2 bedroom suite has lovely VIEWS to the South and East, & a generous floor plan of 844 square feet. This home offers a bright neutral d?cor, with cozy wall to wall carpet, large picture windows, enormous balcony & smart, open kitchen with stainless and black appliances. Feel secure with a 2-5-10 warranty, and a terrific, walk-to-everything location. The building offers a very modern look with cedar / stucco exterior, secure u/g parking, common laundry on each floor, and additional storage lockers. HST is paid ! Great Value Here !
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We have listed a new property at 666 Dark Hollow in North Vancouver.
An unlovely little fixer upper for those of you with nerves of steel. Located on a dead end street with a fenced unkept yard (former grave yard with deadly vine plantings and poison ivy) . The rooms are large but fairly dark and dingy with creaky hardwood floors. There are several cold spots due to the lack or heat or light and many of the windows need replacing. Unfortunately there's no plumbing but there is a shallow well on the property for water and the remains of an outhouse. Features include: dragging chains, wierd noises, odd and ghostly visitors.
A must see, if you dare!
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Please visit our Open House at 203 168 CHADWICK CRT in North Vancouver.
OPEN HOUSE: Sat & Sun Oct 29-30, 2 - 4 PM
A sensational and unique find at a coveted waterfront address! Rare 3 bedroom, 1277 sq ft floor plan with stunning upgrades that include engineered h/w flooring, fresh paint throughout, kitchen, appliances & baths. Enjoy a bright southern outlook with partial southerly views to the water & City. Two large balconies, lots of windows. Secure u/g parking, plus a host of amenities including gym, sauna/steam, library, workshop & bike room. Life is easy here, just steps to Lower Lonsdale and its many attractions. You will not be disappointed !
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Please visit our Open House at 311 1033 ST GEORGES AVE in North Vancouver.
Open House on Saturday, October 22, 2011 2:00 pm - 4:00 pm
The Villa St Georges in Central Lonsdale is gorgeous & BRAND NEW ! This spacious, corner 2 bedroom suite has lovely VIEWS to the South and East, & a generous floor plan of 844 square feet. This home offers a bright neutral d?cor, with cozy wall to wall carpet, large picture windows, enormous balcony & smart, open kitchen with stainless and black appliances. Feel secure with a 2-5-10 warranty, and a terrific, walk-to-everything location. The building offers a very modern look with cedar / stucco exterior, secure u/g parking, common laundry on each floor, and additional storage lockers. HST is paid ! Great Value Here !
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Please visit our Open House at 101 1721 ST GEORGES AVE in North Vancouver.
Open House on Saturday, October 22, 2011 2:00 pm - 4:00 pm
Super spacious one bedroom apartment in great condition in a favored Central Lonsdale location! A great 808 square foot floor plan - well laid out, and recently updated with new flooring, paint, trim. First floor, but above ground level. Tons of storage, a tidy & well maintained building with newer cedar siding, some decks & boiler. Great neighbors. Steps to local amenities & transit. Tremendous value here !
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It’s HARVEST TIME !

 

Join us on Saturday, October 15th for the 3rd Annual Lynn Valley Elementary School PAC “Pumpkin Patch” – for Games, Food, Prizes, Fun, & of course, Pumpkins!

11am – 3pm

LYNN VALLEY ELEMENTARY

3207 Institute Road

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Please visit our Open House at 203 168 CHADWICK CRT in North Vancouver.
OPEN HOUSE: Saturday 2-4 pm
A sensational and unique find at a coveted waterfront address! Rare 3 bedroom, 1277 sq ft floor plan with stunning upgrades that include engineered h/w flooring, fresh paint throughout, kitchen, appliances & baths. Enjoy a bright southern outlook with partial southerly views to the water & City. Two large balconies, lots of windows. Secure u/g parking, plus a host of amenities including gym, sauna/steam, library, workshop & bike room. Life is easy here, just steps to Lower Lonsdale and its many attractions. You will not be disappointed !
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Property Photo: 3000 HOSKINS RD in North Vancouver
We have listed a new property at 3000 HOSKINS RD in North Vancouver.
THE Lynn Valley Family Home! Homes with the perfect floor plan are hard to find - and here's a beauty. This super spacious custom built Cape Cod style home is just 17 years old and sits prominently at the corner of Hoskins & Ross, on a lot of just over 8,000 square feet. Through a welcoming entrance with grand staircase & soaring ceilings, a generous oak kitchen with eating area and pantry, formal living and dining rooms plus family room are on the main. Three spacious bedrooms and 2 full baths up (master with full ensuite), plus a bonus room over the garage (playroom, great office or...?) Downstairs is fully finished and offers a very flexible space with rec room, storage, workshop, laundry, separate entrance, plus rough in for additional windows, bath and kitchen. Double garage, large south facing deck, new roof (2010) and lots more to see! Don't miss this very appealing family home -- that will satisfy your wish list!
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Property Photo: 3000 HOSKINS RD in North Vancouver
Please visit our Open House at 3000 HOSKINS RD in North Vancouver.
Open House on Saturday, October 8, 2011 2:00 pm - 4:00 pm
THE Lynn Valley Family Home! Homes with the perfect floor plan are hard to find - and here's a beauty. This super spacious custom built Cape Cod style home is just 17 years old and sits prominently at the corner of Hoskins & Ross, on a lot of just over 8,000 square feet. Through a welcoming entrance with grand staircase & soaring ceilings, a generous oak kitchen with eating area and pantry, formal living and dining rooms plus family room are on the main. Three spacious bedrooms and 2 full baths up (master with full ensuite), plus a bonus room over the garage (playroom, great office or...?) Downstairs is fully finished and offers a very flexible space with rec room, storage, workshop, laundry, separate entrance, plus rough in for additional windows, bath and kitchen. Double garage, large south facing deck, new roof (2010) and lots more to see! Don't miss this very appealing family home -- that will satisfy your wish list!
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Property Photo: 2236 MAHON AVE in North Vancouver
Please visit our Open House at 2236 MAHON AVE in North Vancouver.
Open House on Saturday, October 1, 2011 2:00 pm - 4:00 pm
Absolutely charming Central Lonsdale Craftsman, built 1911 - a beautiful home from a bygone era! Character lovers delight ! Four bedrooms, 3 remodeled baths, a warm & wonderful kitchen with silestone counters, built in eating area and laundry nearby - refinished fir floors, leaded glass detail, gorgeous antique elements such as trim, molding, fireplaces, and light fixtures. Stunning master with huge ensuite & walk in closet, plus its own balcony. Guest accommodation down with new appliances and its own laundry. A family friendly floor plan with office on the main plus two more bedroom up. Bonus! children's secret hide-away / playroom upstairs. Essentials: new electrical panel, most wiring (electrical safety report avail), new hot water tank, upgraded alarm system, fences, gates & deck railing, some newer low-E windows, newer perimeter drainage, fenced yard with lane access & irrigation system. What a package ! Come see us today !
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Property Photo: 311 1033 ST. GEORGES AVE in North Vancouver
Please visit our Open House at 311 1033 ST. GEORGES AVE in North Vancouver.
Open House on Sunday, October 2, 2011 2:00 pm - 4:00 pm
The Villa St Georges in Central Lonsdale is gorgeous & BRAND NEW ! This spacious, corner 2 bedroom suite has lovely VIEWS to the South and East, & a generous floor plan of 844 square feet. This home offers a bright neutral d?cor, with cozy wall to wall carpet, large picture windows, enormous balcony & smart, open kitchen with stainless and black appliances. Feel secure with a 2-5-10 warranty, and a terrific, walk-to-everything location. The building offers a very modern look with cedar / stucco exterior, secure u/g parking, common laundry on each floor, and additional storage lockers. HST is paid ! Great Value Here !
Read full post

Property Photo: 101 1721 ST GEORGES AVE in North Vancouver
Please visit our Open House at 101 1721 ST GEORGES AVE in North Vancouver.
OPEN HOUSE: 2-4 pm
Super spacious one bedroom apartment in great condition in a favored Central Lonsdale location! A great 808 square foot floor plan - well laid out, and recently updated with new flooring, paint, trim. First floor, but above ground level. Tons of storage, a tidy & well maintained building with newer cedar siding, some decks & boiler. Great neighbors. Steps to local amenities & transit. Tremendous value here !
Read full post
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