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The Empress MLS® Listings
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Building Info
The Empress - 7600 Moffatt Rd, Richmond, BC V6Y 3W6. Strata No NWS2989. Built in 1990. Three levels. Frame-wood construction. This complex located in Brighouse area of Richmond. Maintenance fee include garbage pickup, gardening, gas, management and recreation facility. 54 units in development and 51 units in strata. This prestigious condo complex won the 1992 Georgie Award. The open breezeway greets you as you step off the elevator to the front door. The amenities are wheelchair access, guest suite, garden, in-suite laundry and recreation centre. This complex is close to Richmond Secondary, Ferris Elementary, Blundell Elemetary, Shoppers drug mart, Canada Safeway, Brighouse Park, General Currie Elementary, Minoru Park, Aqua Centre, public library, Hockey club and Richmond Centre. The bus stops are steps away and the Brighouse skytrain station is minutes away from the complex.
Conference Board of Canada foreseeable outlook for Canadian Real Estate economy
The Board’s Canadian Outlook Summary: Summer 2020, in contrast to projections made by institutions like the Canadian Mortgage and Housing Corporation, predicts less dramatic declines in housing prices, but its remaining insights track closely with projections that see the damage done to Canada’s economy at the hands of COVID-19 lingering well into 2021.
Prices steady as resale home sales increase Metro Vancouver's June housing sales up month-over-month and 17 per cent above June 2019 with prices higher than a year ago
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 11,424. That's 23.7 per cent down from the 14,968 homes that were listed for sale in June 2019, but up 15.1% per cent from the 9,927 listed properties in May 2020.
For all property types, the sales-to-active listings ratio for June 2020 was 21.4 per cent. By property type, the ratio is 19.9 per cent for detached homes, 25.2 per cent for townhomes, and 21.3 per cent for apartments. Real estate insiders tend to describe the market as a “buyers’ market” when the sales-to-active-listings ratio is less than 12 per cent, and a “sellers’ market” when that ratio is above about 20 per cent for several months in a row.
Sales of detached homes in June reached 866, up 16.1 per cent from the 746 detached sales recorded in June 2019. The benchmark price for a detached home was $1,464,200, up 3.6 per cent from June 2019, and up 0.5 per cent from May 2020.
RE/MAX: COVID-19 can’t slow demand in Toronto real estate market
COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis.
While employment levels have fluctuated and businesses have placed themselves on hold over the last few months, “at the same time, there has been sustained activity in the number of buyers compared to available listings,” RE/MAX said. “This is one of the chief factors in supporting price growth relative to last year’s pace, despite shifting market conditions.”
CoreLogic launches AI driven platform for real estate agents
CoreLogic said that OneHome streamlines communication between agents and home buyers during the purchase process, while also providing access to financing, insurance and home improvement providers.
Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.
Sooke Harbour House made a name for itself internationally after Frederique and Sinclair Philip purchased the property in 1979. Their focus on locally grown food and seafood and a top-notch wine cellar earned them honours inside Canada and beyond. It has hosted movie stars and served as a movie-set location.
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