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Building & Condo information

Emerson Cove

628 Mccombs Drive


Agassiz, V0M 1A3

  • Suites: 36
  • Status: Completed
  • Built: 2020
  • Title To Land: Freehold Strata
  • Building Type: Strata Condos,strata Townhouses
  • Management company:  Colyvan Pacific Real Estat
  • Phone  604-683-8399  
  • E-mail  info@colyvanpacific.com  
  • Bldg#: 15507

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Emerson Cove MLS® Listings

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Building Info

Emerson Cove - 628 McCombs Drive, Agassiz, BC V0M 1A3, Canada. Crossroads are McCombs Drive and Pine Avenue located in Agassiz. The development is scheduled for completion in 2020. Emerson Cove has a total of 35 units, with 2 quick move-in homes currently for sale. Sizes start at 1986 square feet. Emerson Cove is a new single family home development. 

Impressive 1,986 sq/ft of luxury living! 11' ceilings in the Foyer and Great Room featuring a floor to ceiling stone fireplace with wood mantle. Roomy master bedroom boasts walk in with custom closet organizers, & ensuite with double sinks, in floor heat, quartz counters & stylish tile. Custom kitchen cabinetry with under counter lighting, quartz counters and a spacious island. Upstairs offers large bedroom, rec-room & 4 piece bath, perfect for guests. Spacious covered patio for entertaining, and a fully fenced and landscaped yard. Double garage plus 20' driveway.

Strata Sub Categories: Strata Condos,Strata Townhouses
 

Emerson Cove Technical Info

Building Name Emerson Cove
Address 628 Mccombs Drive
City Agassiz
Listing Price Range N/A
Units in Development: 35
Units in Strata:36
Property Types Freehold Strata
Sub Categories:Strata Condos,strata Townhouses
Year Built 2020
Strata Website colyvanpacific.com/
Management Colyvan Pacific Real Estat
  604-683-8399
 info@colyvanpacific..
Restrictions Details
Title to Land Freehold Strata
  

Emerson Cove Building & Common Area Photos

Emerson Cove - 628 McCombs Drive, Agassiz - Exterior
Emerson Cove - 628 McCombs Drive, Agassiz - Exterior
Emerson Cove - 628 McCombs Drive, Agassiz - Arial view
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior
Emerson Cove - 628 McCombs Drive, Agassiz - Interior

Emerson Cove Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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August 2023 Market Insights

July 2023 housing market statistics.

Strong sales figures push up house prices.

July 2023 Market Insights | REBGV

Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909). “While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant,” Andrew Lis, REBGV’s director of economics and data analytics said. “Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.” There were 4,649 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2023. This represents a 17 per cent increase compared to the 3,975 homes listed in July 2022. This was 5.2 per cent below the 10-year seasonal average (4,902). The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,301, a four per cent decrease compared to July 2022 (10,734). This was 14.4 per cent below the 10-year seasonal average (12,039). Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2023 is 24.9 per cent. By property type, the ratio is 16.5 per cent for detached homes, 32 per cent for townhomes, and 30.6 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “What’s interesting to see in the current market environment is that, while the Bank of Canada rate hike this July was only a quarter of a per cent, mortgage rates are now at the highest levels we’ve seen in Canada in over ten years,” Lis said. “Yet despite borrowing costs being even higher than last July, sales activity surpassed the levels we saw last year, which I think says a lot about the strength of demand in our market and buyers’ ability to adapt to and qualify for higher borrowing costs.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,210,700. This represents a 0.5 per cent increase over July 2022 and a 0.6 per cent increase compared to June 2023. Sales of detached homes in July 2023 reached 681, a 28.7 per cent increase from the 529 detached sales in July 2022. The benchmark price for a detached home is $2,012,900. This represents a 0.6 per cent increase from July 2022 and a 1.1 per cent increase compared to June 2023. Sales of apartment homes reached 1,281 in July 2023, a 20.7 per cent increase compared to the 1,061 sales in July 2022. The benchmark price of an apartment home is $771,600. This represents a 2.6 per cent increase from July 2022 and a 0.6 per cent increase compared to June 2023. Attached home sales in July 2023 totalled 466, a 53.3 per cent increase compared to the 304 sales in July 2022. The benchmark price of an attached home is $1,104,600. This represents a 1.2 per cent increase from July 2022 and a 0.5 per cent increase compared to June 2023.

June 2023 Housing market Statistics

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269). “The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June,” Andrew Lis, REBGV’s director of economics and data analytics said. “The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.” There were 5,348 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2023. This represents a 1.3 per cent increase compared to the 5,278 homes listed in June 2022. This was 3.1 per cent below the 10-year seasonal average (5,518). The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,990, a 7.9 per cent decrease compared to June 2022 (10,842) This was 17.4 per cent below the 10-year seasonal average (12,091). Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2023 is 31.4 per cent. By property type, the ratio is 20.9 per cent for detached homes, 38.5 per cent for townhomes, and 39.4 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “Despite elevated borrowing costs, there continues to be too little resale inventory available relative to the pool of buyers in Metro Vancouver. This is the fundamental reason we continue to see prices increase month over month across all segments,” Lis said. “With the benchmark price for apartments now standing at $767,000, we repeat our call to the provincial government to adjust the $525,000 threshold exempting first-time home buyers from the Property Transfer Tax to better reflect the price of entry-level homes in our region. This is a simple policy adjustment that could help more first-time buyers afford a home right now.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,203,000. This represents a 2.4 per cent decrease over June 2022 and a 1.3 per cent increase compared to May 2023. Sales of detached homes in June 2023 reached 848, a 28.3 per cent increase from the 661 detached sales recorded in June 2022. The benchmark price for a detached home is $1,991,300. This represents a 3.2 per cent decrease from June 2022 and a 1.9 per cent increase compared to May 2023. Sales of apartment homes reached 1,573 in June 2023, an 18.6 per cent increase compared to the 1,326 sales in June 2022. The benchmark price of an apartment home is $767,000. This represents a 0.5 per cent increase from June 2022 and a 0.8 per cent increase compared to May 2023. Attached home sales in June 2023 totalled 547, a 17.6 per cent increase compared to the 465 sales in June 2022. The benchmark price of an attached home is $1,098,900. This represents a one per cent decrease from June 2022 and a 1.5 per cent increase compared to May 2023. Download the June 2023 stats package.

May 2023 housing market statistics

While the year started slower than usual, Metro Vancouver’s1housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, anda1.4 per cent decline fromthe 10-year seasonal average (3,458).

Real Estate Related News Articles(Sun and Province) Search News  

Mandarin 
# Article Publish Date Source
1 The federal court has given the green light for a class-action lawsuit

The court documents allege that the defendant brokerages entered into an illegal agreement that artificially inflated buyer brokerage commissions. According to Sunderland, he was forced to pay the standard commission to the buyer’s agent and their brokerage when selling his home. The case further contends that CREA and TRREB played a role in facilitating this arrangement.

On Sept. 25, Chief Justice Paul Crampton allowed the class-action lawsuit to proceed despite the defendants’ attempts to have the claim struck down due to a perceived lack of merit. The lawsuit seeks to represent individuals who have sold residential real estate through TRREB’s MLS since Mar. 11, 2010.


Federal court clears way for class-action lawsuit against major brokerages, CR
2023/09/26 REM
2 Projections. Policy. Presales. Here's what to expect for the Metro Vancouver real estate market this fall

In this second year of the interest rate rollercoaster, the name of the game has been "acclimation." Many who wanted to buy a home have learned to make do with the circumstances, resulting in the British Columbia market seeing more resilience than many expected at the beginning of the year. 

"If the Canadian economy finds itself in recession this year, it may come at a time when the BC housing market is already at a low point," the British Columbia Real Estate Association said at the beginning of the year. "BCREA's modelling suggests that if interest rates remain on their current rate path, housing market activity will remain well below its average historical level in 2023. Likewise, our model suggests that prices will trend downward in the coming months."


Metro Vancouver Real Estate Fall Forecast
2023/09/25 other
3 Vancouver and Toronto no longer in bubble risk territory with an avg 10% drop in prices in last year

Vancouver and Toronto, Canada’s largest real estate markets, have seen a significant shift in housing market risk, according to the latest UBS Global Real Estate Bubble Index for 2023. This year’s report indicates the cities are no longer in the bubble risk category; instead, they are considered “overvalued.”

The report highlights that the sharp drop in housing market imbalances was not solely due to declining house prices but also a result of inflation-driven income and rental growth....


Vancouver and Toronto no longer in bubble risk territory
2023/09/25 REM
4 Vancouver city council approved to allow “multiplexes” throughout most of the city’s lowest-density neighbourhoods.

After the vote, Mayor Ken Sim heralded the move as a “bold action,” calling it “a huge step forward to increase housing attainability and build more homes faster.”

But some described the zoning changes as too little too late. By city staff’s own estimation, these multiplexes are unlikely to produce many rental homes, a type of housing in especially short supply in Vancouver.


'A huge step forward' or not enough? Vancouver approves citywide multiplex plan
2023/09/23 The Vancouver Sun
5 Elton Ash, Re/Max Canada’s executive vice president, will retire at the end of October this year.

Says the organization’s president, Christopher Alexander: “Elton is the definition of an iconic real estate leader. He has achieved more in his career than most people can fathom and is an incredible person, too. While we will miss him dearly at Re/Max, I am excited for him and his next chapter. Thank you, Elton, for all of your wisdom and guidance throughout our many years of working together. Re/Max Canada is privileged to continue to build on your incredible legacy.”


End of an era: Elton Ash bids farewell after 43 years in real estate
2023/09/21 REM
More News

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