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June 2022 Newsletter Introduction

June has arrived! How quickly time have flown already, and Summer is right around the corner. May was such a busy month for me with tons of celebration that I needed a breather! However, there was no time for that since I just got stuck with COVID – which sucks. Fortunately, the symptoms aren’t so bad but it definitely puts my energy on the very low side. Regardless, still stay safe since there is a new disease called the Monkeypox to be careful of! As for travelling plans, I’m hoping to visit Toronto later in the year. What are your travel plans?

So, has anything has changed during the May month? As of now, not much as changed.  Transactions and activity has definitely slowed down across the board in the lower mainland. As you may already be aware, the next rate announcement from the Bank of Canada will be on July 13, 2022 to continue on curbing inflation. As the government had announced – “With the economy moving into excess demand and inflation persisting well above target, the Governing Council judges that interest rates will need to rise further” This will continue on impacting the real estate market due to the affordability and demand. 

– Sam

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Xinjiang cuisine – Parker place food court

Xinjiang cuisine  – Have not been to Parker Place food court for the longest time. It’s never a place that pops to my mind to eat for lunch. I know it’s a very popular spot if you’re craving for some old school Hong Kong Cafe meals. Since it’s been a while, I decided to check out any new places in the food court. One place that caught my attention was this Xinjiang cuisine which is completely different from the food that is available. Since I wasn’t too familiar with this type of cuisine besides it’s flavours originating from the Northern part of China with heavy aromatic spices that truly appeals to my taste palette. So I decided to order two savory filled flat bread of beef and lamb. They were the most popular order based on the line up I saw. The bread was piping hot and full of flavours. Every bite had a combo of spices, herbs which didn’t overpower the natural taste of the beef and lamb. The flat bread itself was nice and flaky which holds the filling exceptionally well. I definitely would order more but be aware that it’s priced at a premium. But it’s a nice treat to have if you’re in the area.
@foodblogprec

hangry_bunny

food - f

C coffee market

C coffee market  – I have seen quite a few reviews of this place so it pique my interest since their coffee was raved quite favorably. So I had decided on their oat milk flat white – it’s one of my go to drinks since I can’t tolerate caffeine as much as I used to. The taste was smooth and mild which helped cleanse the palette of the lemon shortcake that I had to order. Since they have their own in-house roastery to roast their beans the taste of the coffee is very fresh. As for the lemon shortcake – it was beautifully assembled. Very pleasing on the eyes and ig worthy. The overall taste was a little too sweet for my liking. It reminded me too much like lemon meringue filling. The sponge was nice and light and moist with a light syrup. However because of the sweetness from the sponge and the lemon filling it just made it too sweet for me. 

Overall – I like their coffee but I am indifferent about the cake. I am curious about their other items but not 100% sold whether I like the cafe or not. I still think there are others that are better.
@foodblogprec

hangry_bunny

Highlights From the Real Estate Board April 2022

“Over the last two months, we’ve seen home sales ease down from the record-breaking pace of the last year. While still a small sample size, the return to a more traditional pace of home sales that we’ve experienced so far this spring provides hopeful home buyers more time to make decisions, secure financing and perform other due diligence such as home inspections.”

“With interest rates climbing and the total inventory of homes for sale inching higher each month, it’s important to work with your local Realtor to understand how these factors could affect your home buying or selling situation.” John said.
Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the 4,344 homes sold in March 2022.

Sales of detached homes in April 2022 reached 962, a 41.9 per cent decrease from the 1,655 detached sales recorded in April 2021. The benchmark price for a detached home is $2,139,200. This represents a 20.8 per cent increase from April 2021 and a one per cent increase compared to March 2022.

Sales of apartment homes reached 1,692 in April 2022, a 26.1 per cent decrease compared to the 2,289 sales in April 2021. The benchmark price of an apartment home is $844,700. This represents a 16 per cent increase from April 2021 and a 1.1 per cent increase compared to March 2022.

“NOTE: this representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.”

Download The Real Estate Board of Greater Vancouver’s April statistics Package. Click Here

Download Fraser Valley’s Real Estate Board’s April Package. Click Here

Food for Thought on Real Estate – April 2022

  • Seller’s market – A seller’s market is when there are more people looking to buy then there are homes available. This causes a rise in price above the long-term average rate of inflation. Typically this is indicated by a sales-to-active listings ratio of 20% or higher.
  • Buyer’s market – In contrast, a buyer’s market is when there are many more homes for sale than there are buyers. As a result, prices increase slower than the long-term average rate of inflation. In extreme circumstances this can cause prices to decline. Typically this is indicated by a sales-to-active listings ratio below 12%.e
  • Balanced market – A balanced market occurs when supply and demand are about the same, with home prices rising in line with long-term average rate of inflation. Typically this is indicated by a sales-to-active listings ratio between 12% and 20%.Summary Over a sustained period of time:
    • a seller’s market is represented by a ratio of 20% or higher
    • a buyer’s market is represented by a ratio of 11% or lower
    • a balanced market rests between 12-19%
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Di Beppe Restaurant

Di Beppe Restaurant – A rustic and warm family Italian restaurant at the edge of Gastown. The place is split between two areas. Dine in restaurant and a space for a cafe. Ordered the carbonara – guanciale, pecorino, egg yolk & black pepper for lunch. I was very surprised at the price for lunch. I was expecting this type of pricing for dinner. For lunch, it is a little steep – so if you’re more price conscious, I would come here for dinner and get the full dine in experience. Since I was there for lunch, I was seated in the cafe so the dine service was lacking for the price. As for the dish itself – the noodle was thick but it soaked up the sauce well. The bacon reminded me of pork belly with a bite of fat that meld well with the light fragrant cheese. The fresh black pepper was a great complement to the egg mixture with the olive oil and cheese. Although it did get heavy at the end since the fat from the meat and the olive oil made it slightly too oily. It’s the first time I had carbonara like this. Although it was heavy, I did enjoy it very much. It was different and it wasn’t something you find in many Italian restaurants.
@foodblogprec

hangry_bunny

May 2022 Newsletter Introduction

It’s MAY – it’s one of my favourite months of the years. This year, the weather has been abnormal with cool and hot periods that it’s hard to determine what Mother Nature has in store for us for the Spring Season. As you may notice, the Cherry Blossoms have bloomed later than usual, but it means we get to enjoy them more! 

I couldn’t have fathom on how the market has dramatically change in a few short weeks. Not too long ago we saw heavy competition of massive over asking pricing, but now prices have dropped and brought back to more normalcy where buyers are able to do their due diligence and not have to compete. The market has corrected itself faster than I have ever seen, and without the help of Government intervention. Their suggestions were to be implemented this Summer is far too late, and if they were to have intervene, it should have happen earlier. However, inventory is still low and with possible increase in interest rates to be applied in June the market may stay balanced till the end of year till early of 2023.  

#CovidBC update: 

It appears that as COVID has been lessen and we’re back to normalcy, there isn’t as much updates on COVID. Dr. Bonnie Henry focus is now focusing on BC’s illicit drug deaths of Opioid crisis. So hopefully we continue on this trend, and COVID can be put behind us, and we can focus on other serious diseases. 

 
 

– Sam

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Cafe d’lite express

Another food court eatery in Aberdeen Centre. Anytime you crave for some Hong Kong dishes you can’t go wrong in heading to cafe d’lite express. Ordered a Haianiese Chicken, a simple comfort lunch that is filling yet and delicious. When done right, the chicken’s tenderness and flavour melds so well into the rice which makes it extra fragrant. Cafe d’lite has done a pretty good job on that. The dish itself is a fair size which makes it reasonably price. Their sauces are fresh but I would say it could be better. Overall a great meal to have if you want something quick and delicious.
@foodblogprec

hangry_bunny

Highlights From the Real Estate Board March 2022

“March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago. Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.”

“We’re still seeing upward pressure on prices across all housing categories in the region. Lack of supply is driving this pressure,” John said. “The number of homes listed for sale on our MLS® system today is less than half of what’s needed to shift the market into balanced territory.”
 
Sales of detached homes in March 2022 reached 1,291, a 34.3 per cent decrease from the 1,965 detached sales recorded in March 2021. The benchmark price for a detached home is $2,118,600. This represents a 23.4 per cent increase from March 2021 and a 3.6 per cent increase compared to February 2022.

Sales of apartment homes reached 2,310 in March 2022, a 14.3 per cent decrease compared to the 2,697 sales in March 2021. The benchmark price of an apartment home is $835,500. This represents a 16.8 per cent increase from March 2021 and a 3.4 per cent increase compared to February 2022.

“NOTE: this representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.”

Download The Real Estate Board of Greater Vancouver’s March statistics Package. Click Here

Download Fraser Valley’s Real Estate Board’s March Package. Click Here

Food for Thought on Real Estate – March 2022

  • Seller’s market – A seller’s market is when there are more people looking to buy then there are homes available. This causes a rise in price above the long-term average rate of inflation. Typically this is indicated by a sales-to-active listings ratio of 20% or higher.
  • Buyer’s market – In contrast, a buyer’s market is when there are many more homes for sale than there are buyers. As a result, prices increase slower than the long-term average rate of inflation. In extreme circumstances this can cause prices to decline. Typically this is indicated by a sales-to-active listings ratio below 12%.e
  • Balanced market – A balanced market occurs when supply and demand are about the same, with home prices rising in line with long-term average rate of inflation. Typically this is indicated by a sales-to-active listings ratio between 12% and 20%.Summary Over a sustained period of time:
    • a seller’s market is represented by a ratio of 20% or higher
    • a buyer’s market is represented by a ratio of 11% or lower
    • a balanced market rests between 12-19%

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