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August 2022 Newsletter Introduction

How’s your Summer so far? We’re already half way thru it! The summer has been gone by so quickly with family visits and getting use to a new routine of where I’m trying to juggle between how to take care of toddler and working on my business within the time frame that I have since the hubs is back to work full time!  Anxiety and worry of trying to do fulfilling these roles leaves me a little dejected because I don’t feel like I’m doing a good enough job. Yet, I know this is just all in my head and I’m not compromising my 100% on what I’m committed to do for my family and my clients! A word of encouragement and pep talk from the people you surround with is what you need to get that confidence and support back. I know I need it from time to time. I hope that sharing this little insight can enlighten you while you read this!

As mentioned in my last newsletter – July. As we continue on expecting interest rates to go up again later in September, many buyers are pulling the trigger to buy now since want to capture the purchase power they have remaining before another rate hike hits. As a result, there is a small flurry of activity of buyers looking to buy now. Since the buying power have gotten smaller due to the previous rate increase. So what now? Most buyers would have two choices – either they start to buy now or wait a bit longer to see how the market would do after the rates have been stabilized. This stability may not arrive till mid spring of next year. As for pricing – it will remain relatively the same with a possible small drop.

– Sam

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Nine Dumplings and Nine Dishes 

Nine Dumplings and Nine Dishes – I had intended to grab lunch at a ramen shop but it had closed down and the spot is now the residence of the Nine Dumplings and Nine Dishes. I was hesitant to try since the menu didn’t appeal to me. However, a patron said they had the best dumplings they have ever tasted. And I noticed the store had posted an article that shows they were awarded the tastiest dumpling in Vancouver. The uniqueness of their dumplings were the fact it’s all handmade and there are a number of different flavours and the dumpling wrapper is also coloured to provide a pretty esthetic effect. When I ordered, many of the things I had requested were not available for lunch which was disappointing since it really limited what I wanted to try. I ended up trying their pork and chive dumplings, the black bean noodles and dan dan noodles. Perhaps I didn’t order the right dumplings or I am not used to the authentic taste of the dishes. It didn’t work for my palette. The dumpling wasn’t bad at all, it just wasn’t as juicy as I had thought. The black bean sauce noodle was too strong of a taste. It hindered me from tasting anything else within the dish. It was odd for me that the black bean dish had scrambled egg and tomatoes on top since I am only familiar with just cucumber topping. It just didn’t compliment well for me. On the positive side, the noodles had a delicious texture and it wonderfully coated the sauce well. It was filling! As for the dan dan noodles, I enjoyed that more since it had an unexpected level of spiciness which was different from any other dan dan noodles I have tried. I can see why many positive reviews were given but it doesn’t work for my taste palette. But I think it’s a definite try since there is alot of quality effort made in each dish.
@foodblogprec

hangry_bunny

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Surrey Central T&T Japanese Cream Bun

Surrey Central T&T – I had decided to purchase this on a whim since T&T’s pastries over the years have gotten much better in quality and taste. I especially like their fresh mango cake, it’s exceptionally done very well. I had some expectation that the cream bread would be lightly sweetened with a nice soft and delicate bread. I had purchased a strawberry and a chocolate one. I was sadly disappointed. I felt like I got ripped off since the bread was soft but more of a chewy side which didn’t meld with the cream well. As for the cream itself, I thought that there would be a mix of strawberry and cream. Instead, it was 3 slices of strawberry on the outside – so I was literally just eating a mountain of cream with chewy bread. It was the same for the chocolate. It was just shaved chocolate on top with nothing else besides a heaping amount of cream inside. It was way too much and overly heavy. Don’t recommend it at all!
@foodblogprec

hangry_bunny

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Bruno Restaurant & Bar

Bruno – This restaurant has been made a lot of mentions on local Instagram and Facebook feeds. It’s truly IG worthy with tantalizing and vibrant colour plating. Many have raved on not just about how beautiful each dish comes out but how scrumptious it is. This place is definitely the place to be – a dream for influencers to hang out. 
I had high expectations for this place and sadly perhaps it’s my taste palette. I was not sold on it. I agree about everything that Bruno has to offer but perhaps I don’t have a refined taste but I was disappointed. Since it was such a high end restaurant, I expected the whole package. For starters, the service was lacking in knowledge and respect. Being our first time here, we wanted to get some recommendations, but he just immediately went straight in offering the Bruno board experience – a taste of the entire menu. He didn’t offer to consider what we would be interested in and what we like and don’t like. For drinks wise, another wait staff mentioned the cocktails we ordered were his favorite. Since it was his favorite, I asked him what brand of alcohol the cocktail was made from. He responded in an annoyed tone that he didn’t know. I apologize since I assumed he would know, but he said it’s fine, you’re in a fancy restaurant, you’re allowed to ask. Yet, he wouldn’t take the initiative to ask the bartender or look up what brand the cocktail is made of. 
As for the food, we had the fall bruatta salad, maple fried chicken, wagyu flank steak, and Uni Risotto. As mentioned, the presentation was gorgeous. It reminded me of Botanist plating but more vibrantly coloured. However, these microgreens sprinkled on top of every plate doesn’t compliment the taste of the dish. As for each dish, I felt some just was over seasoned and just felt underwhelmed. The wagyu steak fell short on taste. Even though it’s wagyu it didn’t leave a unique distinct flavour that makes it any different from any other steak I have had. The salad was a nice surprise since I was expecting more greens and not root veggies. The flavors were mellow but the sweetness from the root veggies were noticeably tasty. Chicken wasn’t anything special. It had a nice light sweetness with a good crunchy textured batter. Lastly, the uni risotto was nice but couldn’t taste much uni in it so it was a little lackluster on that part. Would I go again? Nope. But I know many people have raved about it. So it’s a matter of preference. 
@foodblogprec

hangry_bunny

Highlights From the Real Estate Board June 2022

“Home buyers have more selection to choose from and more time to make decisions than they did over the past year. Rising interest rates and inflationary concerns are making buyers more cautious in today’s housing market, which is allowing listings to accumulate.”

“We’re seeing downward pressure on home prices as we enter summer in Metro Vancouver due to declining home buyer activity, not increased supply,” John said. “To meet Metro Vancouver’s long-term housing demands, we still need to significantly increase housing supply.”  
 
Sales of detached homes in June 2022 reached 653, a 48.3 per cent decrease from the 1,262 detached sales recorded in June 2021. The benchmark price for a detached home is $2,058,600. This represents a 13.4 per cent increase from June 2021, a 1.7 per cent decrease compared to May 2022, and a 1.8 per cent decrease over the past three months.

Sales of apartment homes reached 1,326 in June 2022, a 25.3 per cent decrease compared to the 1,774 sales in June 2021. The benchmark price of an apartment home is $766,300. This represents a 12.7 per cent increase from June 2021, a 1.7 per cent decrease compared to May 2022, and a 0.8 per cent decrease over the past three months.

“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 June statistics Package. Click Here

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

Food for Thought on Real Estate – June 2022

 

  • Down Payment Planning: Examining RRSPs, TFSAs, and FHSAs

  • Credit Scores: What Are They and What Affects Them?

  • Real Estate Tips for Buyers from REALTORS®

  • 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%

July 2022 Newsletter Introduction

Summer is HERE! Classes are out, so let’s enjoy every ounce of the sunshine as possible this year. The weather has been very mild for the Summer in comparison to last years major heat wave. Most of us were left hiding in our home to avoid the heat; whereas it was a stark contrast to this year where many are scrambling to fly out of Vancouver to take advantage of the travelling abroad! 

So, what has changed in June? Supply and demand have been the same as before, with lower demand and less inventory that has accumulated over time resulted in few selection to choose from. There as some multiple offers here and there but isn’t as grossly over asking compared to early in the year. Rates will continue to rise to curb inflation which will get some possible influx of temporary increase in demand to capitalize the lower rate before rates go up again. Since rates are going up, this has dampened the number of transactions being made and since it’s Summer, many buyers and sellers are focusing on travelling and less on looking for homes.  As for prices, it would relatively have levelled with a slight decreased in certain type of homes and location. Overall, the prices that we saw in March/April is the new benchmark on how much the homes would be selling as we move forward. 

– Sam

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Sze Chuan Cuisine – Parker place food court

Dan dan noodles – Sze Chuan cuisine
Another food shop in Parker place was Sichuan Cuisine. I had ordered the dan dan noodles since I wanted something a little saucy but not soupy. One thing that is unique about Dan Dan noodles is the mix of chilli sauce combination with a hint of sweetness and savory from the sesame paste. It has to be just right to get the level. Some may prefer more spice or sesame or more sweetness to the dish. Personally for me, the nice little kick of spice and a subtle sweetness with deep creamy flavour the sesame is what I define a great dan dan noodle dish. This particular one from the stall was pretty good. It had the right flavor mixture that appealed to my taste. The minced meat mixed helped cling to the noodle and sauce very well. As for noodles itself – a generous amount but doesn’t appear to be handmade. Overall it’s a pretty delicious dish and I would order it again. 
@foodblogprec

hangry_bunny

Highlights From the Real Estate Board May 2022

“With interest rates rising, home buyers are taking more time to make their decisions in today’s housing market. Home buyers have been operating in a frenzied environment for much of the past two years. This spring is providing a calmer environment, with fewer multiple offer situations, which is allowing buyers to explore their housing options, understand the changing mortgage market, and do their due diligence.”

“Upward pressure on home prices has begun to ease in the housing market over the last two months,” John said. “Where home prices go next will depend on housing supply. While we’re beginning to see modest increases in home listings, we still need housing supply totals to more than double to bring the market close to balanced territory.”
 
Sales of detached homes in May 2022 reached 793, a 44.1 per cent decrease from the 1,419 detached sales recorded in May 2021. The benchmark price for a detached home is $2,093,600. This represents a 15 per cent increase from May 2021 and a 0.4 per cent decrease compared to April 2022.

Sales of apartment homes reached 1,605 in May 2022, a 21.7 per cent decrease compared to the 2,049 sales in May 2021. The benchmark price of an apartment home is $779,700. This represents a 15 per cent increase from May 2021 and a 0.4 per cent increase compared to April 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 May statistics Package. Click Here

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

Food for Thought on Real Estate – May 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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