I have sold a property at 602 1838 NELSON  ST in Vancouver

I have sold a property at 602 1838 NELSON ST in Vancouver. See details here

The perfect place to call home WEST OF DENMAN! Don't miss out on this rare opportunity to own a beautifully renovated 2-bdrm, 2-bath corner-unit in one of the West End's best maintained buildings. Sunlight flows through the living area onto the balcony, where you can enjoy partial views of English Bay. Upgrades incl. full kitchen reno, new flooring in both bedrooms, and more. With only 4 homes per floor, this rain-screened & re-piped building is perfect for residents who take pride in ownership and enjoy a sense of community. Benefits incl. in-suite laundry, fitness centre & sauna, plus beautifully manicured gardens and a well-kept lobby to welcome you home. Restaurants, cafes, the beach, Stanley Park, shopping and more, all steps away - everything you deserve, right where you want to be.


Want to work out but feel too tired due to the summer heat? Try these tips before you begin your workout to help you stay motivated!

Choose the right time of day. Try to exercise early in the morning or late in the evening, when it's cooler and more comfortable.

Stay hydrated. Drink plenty of water before, during and after your workout to prevent dehydration and keep your body functioning optimally.

Wear appropriate clothing. Choose lightweight, breathable clothing that will keep you cool and comfortable during your workout. 

Find a workout buddy. Exercising with a friend or family member can help you stay motivated and accountable, and make your workouts more enjoyable.

Mix it up. To maintain your interest and prevent boredom, try different types of exercises, such as swimming, rollerskating, biking or yoga.


To view the full Commercial Leading Indicator PDF, click here.

In the first quarter of 2023, the BCREA Commercial Leading Indicator (CLI) held steady at 148, while the six-month moving average continued its downward trajectory to 149. Compared to the same quarter in 2022, the index was down by 5 per cent.

It is important to note that the environment for commercial real estate remains highly abnormal and uncertain. The CLI is designed to interpret economic and office employment growth as positive indicators for commercial real estate demand. However, the recent strong growth in these indicators may not translate as readily into improved commercial real estate market conditions due to structural changes in the economy caused by the COVID-19 pandemic. 

The CLI held steady due to an improvement in the financial component, completely offsetting a decline in employment, while the economic component was essentially unchanged. Spreads between corporate and government borrowing costs declined in the first quarter while Real Estate Investment Trust (REIT) prices rose, strengthening the financial component of the index. In contrast, the employment component of the index fell due to declines in both office employment (finance, insurance, and real estate) as well as manufacturing employment. Finally, the economic component of the index was essentially unchanged as rising wholesale trade was entirely offset by declining inflation-adjusted retail sales and manufacturing sales. 

For more information, please contact: Gino Pezzani.


Canadian real GDP was flat in March. Service-producing industries were unchanged from the prior month which goods producing industries edged down 0.1 per cent. Canadian real GDP is now roughly 3.6 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy rose 0.2 per cent in April.

GDP grew 0.8 per cent in the first quarter of 2023, following roughly zero growth in the previous quarter. Almost all of this growth was concentrated in the month of January. Goods-producing sectors rose 0.1 per cent while services-producing sectors rose 0.9 per cent. The public sector (educational services, health care and social assistance, and public administration) was the largest contributor to growth for the third consecutive quarter. Exports rose 2.4 per cent in the first quarter, while imports rose just 0.2 per cent, spurring growth. Higher household spending on goods (1.5 per cent) and services (1.3 per cent) also pushed GDP upwards. Higher borrowing costs, meanwhile, caused housing investment to fall 3.9 per cent in the first quarter, with new construction (-6.0 per cent), renovations (-2.1 per cent), and ownership transfer costs (-1.5 per cent) all declining. Compensation of employees rose 1.7 per cent from the prior quarter, but disposable income nevertheless fell 1 per cent largely as a result of lower government transfers compared to last quarter. 

Canadian GDP outpaced expectations in the first quarter, expanding 3.1 per cent on an annualized basis. Following over a year of rate hikes from the Bank of Canada, the economy remains robust in many areas. A burst of economic growth at the start of the year supported a high first quarter growth rate, but April's preliminary GDP estimate shows growth continuing into the second quarter. Although housing markets swooned in the immediate aftermath of rate hikes, in recent months they have shown signs of a solid recovery. At 5 per cent, the Canadian unemployment rate remains near record lows. Meanwhile, inflation remains hot, with the year-over-year rate increasing to 4.4 per cent in April from 4.3 per cent in March. These indicators will put some pressure on the central bank to potentially change course following its 'conditional pause' on further rate hikes as of January. The Bank's rate decision next Wednesday will need to balance persistently hot numbers with the risk of overtightening given the long lags of monetary policy. 

Link: https://mailchi.mp/bcrea/canadian-economic-growth-real-gdp-q12023

For more information, please contact: Gino Pezzani.


I have sold a property at 12933 240A ST in Maple Ridge

I have sold a property at 12933 240A ST in Maple Ridge. See details here

This immaculate, beautiful & spacious 2 storey w/ basement home located on a quiet Cul-de-sac in Fern Grove at Silver Valley backs onto a greenbelt for privacy & separation. Like new condition w/ tons of upgrades by the Seller & Builder. Bright open concept living on the main w/ 10 ft. ceiling , beautiful kitchen w/ brand new quartz counter tops, new built-in cabinets & upgraded S/S appliance package. Easy access to the private covered deck overlooking the large patio & beautiful fenced yard. Upstairs boasts a large master(valued ceiling) w/ spa like ensuite,2 large beds +bonus family rm (easy 4 bed up option). Well appointed spacious 1 bed suite w/ sep entry. A/C , hot water on demand & high efficient furnace plus lots of new built-in storage.


June is a peculiar month, unlike any of the other months of the year. Mostly free of big holidays associated with indulgent behavior like devouring candies and costumes, June is famous for Father's Day, when we celebrate fatherhood and paternal relationships. However, tracing the origin of the word "father" down to the Latin word "Pater," we find patronage, which is a beautiful idea of supporting someone in their endeavors to make the world a better place.

Becoming someone's patron can come in different forms, ranging from being a booster at a local store to donations as an arts patron. People can also become community patrons, initiating programs that promote involvement, education, or entertainment for the common good of schools or other local organizations.

It's crucial to have a tribe or a trusted group of people that share personal and professional goals. Sometimes, being the tribe's center requires one to act as a patron, overseeing support to bring the tribe's causes to fruition.

As we find ourselves halfway through 2023, this is a good time to contemplate who we can include in our tribes and how we can connect people, forge alliances and make the world a better place. Finding purpose and causes to which one can dedicate their lives is a daunting task, but with dedication and direction, it's achievable… and extremely rewarding!

Summer offers us the perfect opportunity to spend time with friends and family, take advantage of the warm weather, and develop a plan to make a difference. Let June be the month where we find purpose, become patrons for what matters to us, and move forward with conviction and optimism.

Onward, and upwards!


Gino Pezzani


World Environment Day, June 5: This day is to raise awareness and promote actions toward protecting the environment.

National Running Day, June 7: A day designated as a way for runners to reaffirm their passion for running and encourage beginners to make a life-changing commitment to running.

Father's Day, June 18: This day honors fathers and father figures for their contribution to their families.

Juneteenth, June 19: “Freedom Day” is the oldest nationally celebrated commemoration of the abolition of slavery in the US.

Summer Solstice, June 21: This day marks the longest day of the year in the Northern Hemisphere and the official start of summer. Surf's up!


Scientists have found evidence of water vapor on the moon, which was discovered by using data from NASA's Stratospheric Observatory for Infrared Astronomy (SOFIA).

By using its infrared telescope, SOFIA detected water molecules in the moon's Clavius Crater, in concentrations of 100 to 412 parts per million.

This evidence suggests that water might be more widespread on the moon than previously thought.

The presence of water on the moon is significant because it is a crucial resource for space exploration and can be used to create fuel and sustain human life. The discovery, which raises new questions about how the water got there, is a breakthrough in our understanding of the moon's resources and its potential as a destination for future space exploration.

This finding could lead to new opportunities for scientific research and to the development of new technologies that can make space exploration more sustainable and cost-effective.


Throughout the year I like to do a little something special for my friends, family and amazing clients. It’s just my way of continuing to say thank you for helping me build my business and serve my community.

Now is the perfect time of year to tackle your outdoor projects, so I created a handout called 11 Landscaping Projects Anyone Can Do that I'd love to share with you.

This handout is filled with simple and effective ways to enhance your outdoor space and increase the value of your home. And I’ve included projects for all budgets!

Download your handout here.

Let’s catch up soon – I can’t wait to hear about which projects you tackled!

Gino Pezzani

RE/MAX Heights Realty



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