As summer reaches its conclusion, I find joy in reflecting on the moments I captured with my family, the delightful aroma of dinner on the grill, and the late nights echoing with laughter. And as the nights grow slightly cooler, it seems like we have emerged victorious from a challenging game. The atmosphere is filled with optimism, as if we have weathered a tough first half, strategized during halftime, and are now ready to dominate the second half of this precious year, aiming for success.

Those familiar with sports, whether as players or dedicated spectators, understand that your current performance is only as good as your latest game. After a solid victory, the next item on the agenda is always more practice.

With this in mind, how are you honing your skills in the game of life? We have just over four months remaining in this year, and it is time to align our final strategies as we approach autumn. Life grows busier each day, and it's important to remember that even good athletes schedule downtime; taking a mental break is as valuable as time spent practicing. Great teammates also look in both directions: towards stronger players they can learn from and weaker ones they can assist. Who are the individuals that bookend your personal journey, and how will you collaborate with them to achieve success for everyone in your circle?

Lastly, winning often involves experiencing losses and learning from them. As crucial as it is to celebrate the joy of summer by savoring each moment during these warm and blissful days, it is equally important to assess the tasks that slipped through the cracks in our eagerness to enjoy July and determine how we will tackle them in August.

To extend the metaphor of a successful game, I would like to take a moment to acknowledge the sweetness of triumph in August. There is no doubt that this year began with some uncertainty, and many of us were unsure about how spring would unfold. Well, my friend, here we are, with spring behind us and summer gracefully coming to an end. I’m not sure if we ‘won’, but it’s been a heck of a game! Bring on the fall! 

Gino Pezzani

Your Real Estate Consultant For Life

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Labor Day, Sept. 4: This U.S. holiday honors the contributions and achievements of workers and is often celebrated with parades and gatherings.

National Read A Book Day, Sept. 6: This day encourages us to silence the noise and turn the pages for a while.

Autumn Equinox, Sept. 22: This natural phenomenon marks the beginning of the fall season. Time for pumpkin spice everything!

National Pancake Day: Sept. 26: Whichever style of pancake you prefer, get ready to enjoy a stack of them on this day!

National Day for Truth and Reconciliation, September 30: Also called "Orange Shirt Day". Established by the federal government, is a Canadian holiday to recognize the legacy of the Canadian Indian residential school system.

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BCREA 2023 Third Quarter Housing Forecast

Vancouver, BC – August, 2023. The British Columbia Real Estate Association (BCREA) released its 2023 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 2.8 per cent to 78,640 units this year. In 2024, MLS® residential sales are forecast to post a modest rebound, rising 6.1 per cent to 83,425 units.   

 “The BC housing market has been more resilient than expected in 2023, with both home sales and prices holding up well in the face of sharply higher interest rates,” said BCREA Chief Economist Brendon Ogmundson. “However, we expect sales to cool as the result of renewed Bank of Canada tightening and a delay in expectations regarding the timing of future Bank of Canada rate cuts from early next year to perhaps the end of 2024 or even mid-2025.”

Because inventory remains very low, prices rose through much of 2023 despite below-average sales. The average price in BC has varied widely throughout this year, beginning the year below $900K before reaching just over $1 million in May as sales in more expensive markets surged amid dwindling supply. If the average price trends near its current level of $970K over the year's second half, it would mean an annual average price of $976K in 2023, or a 2 per cent decline compared to 2022. As home sales return to normal levels next year, we anticipate prices will rise 2.4 per cent to an annual average of just over $1 million, though there is risk to the upside on price growth given the state of housing supply.

For the complete news release, including detailed statistics, click here.

To view the BCREA Housing Forecast Update PDF, click here.

For more information, please contact: Gino Pezzani.


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Open House. Open House on Sunday, August 27, 2023 3:00PM - 5:00PM

Please visit our Open House at 2501 1331 GEORGIA ST W in Vancouver. See details here

Open House on Sunday, August 27, 2023 3:00PM - 5:00PM

Westcoast Pointe, designed by award winning Bing Thom Architects in prestigious Coal Harbour. This bright & spacious very well laid out 1 Bdrm + Flex with open kitchen & living has no wasted space. Nice views of the water, mountains and city from the kitchen, living & bedroom. This unit has been totally renovated with a new solid birch kitchen, granite counters, high-end appliances, hardwood floors, extensive moulding details, electric roller blinds and custom shelving. 24 hour concierge, exercise gym, meeting lounge, business centre, bike room and 1 parking stall. Currently tenanted as a money making turnkey furnished rental. Location is excellent, steps to waterfront, Stanley Park & the business district. Pets & Rentals OK (minimum 28 days). OPEN HOUSE SUNDAY AUG 27, 3-5PM

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Open House. Open House on Saturday, August 26, 2023 2:00PM - 4:00PM

Please visit our Open House at 12924 240A ST in Maple Ridge. See details here

Open House on Saturday, August 26, 2023 2:00PM - 4:00PM

This beautiful & spacious extra wide home on a quiet Cul-de-sac in Fern Grove @ Silver Valley. Like new this larger floor plan offers a wider open main floor w/ 10’ ceilings & a den off the entrance. Upgraded lighting throughout w/ large windows bathing you in natural warm light + a cool A/C to keep you refreshed in the summer. Open kitchen w/ quartz counters & island w/ seating for entertaining. Covered deck off the dining w/ gas bbq hook up. Beautiful fenced yard w/ lrg Gazebo for year round backyard sitting & handy storage shed for all your stuff. Upstairs boasts a lrg master (vaulted ceiling) w/ ensuite, 3 lrg beds & an addition full bath up. Smart Home Security, A/C , H/W on demand & much more! Well-appointed spacious 1 bed LEGAL suite. OPEN HOUSE SAT AUG 26, 2-4PM

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Canadian retail sales increased 0.1 per cent in June to $65.9 billion, led by sales by motor vehicles and parts dealers. Excluding volatile items, sales were down 0.9 per cent month-over-month. In volume terms, retail sales declined 0.2 per cent in June. Retail e-commerce trade rose by 1.1 per cent to $3.7 billion in June, amounting to 5.7 per cent of total retail sales. 

Sales in BC fell 4.8 per cent in June following a very strong May number. BC retail sales are down 1.7 per cent from the same time last year. In the CMA of Vancouver, retail sales were down 3.1 per cent from last month and 2.2 per cent from June of 2022. 

Link: https://mailchi.mp/bcrea/canadian-retail-sales-june-2023-august-23-2023

For more information, please contact: Gino Pezzani.

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Late summer is the perfect time to touch upon a universal theme that echoes across every facet of life on Earth—transformation and migration. Whether it's within our lives or in the expansive wilderness, transformation is a constant reality. It signifies growth, change and the ceaseless movement forward, embodying our inherent capacity to adapt, survive and thrive.

For instance, the Festival de Pipas in Brazil stands as a vibrant testament to the transformative power of hope and dreams. Individuals gather to fill the sky with kites—emblems of rising above challenges, with each ascension reflecting our ability to change and evolve.

But the majesty of transformation and migration isn't limited to human festivities. August marks the onset of an incredible natural phenomenon: the migration of the Monarch butterflies. These creatures embark on an epic journey from the northern and central United States and southern Canada to warmer climates in Mexico and Southern California.

August also signals a significant transition in the lives of many young individuals, when the gates of colleges and universities swing open, welcome a new batch of students and mark a transformative period in their lives. Even younger children experience this transition when they move from grade school to middle school or middle school to high school.

As we reflect on these events, remember that change, although sometimes daunting, is essential, powerful, indicates growth and promises new opportunities. Like the Monarch butterflies and students embarking on their new journeys, embrace the transformations and migrations in our own lives, so that we can continue to evolve and discover our true potential.

Here's to the power of transformation and the beauty of progression!

Warm regards,

Gino Pezzani

RE/MAX Heights Realty

www.vanhomesales.com

604-418-9366

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Dear Friends,

As I sit here, I find myself reflecting on the valuable lessons life has taught me. It's been a journey of moments rather than milestones - those small drops that collectively shape the ocean of my existence.

Through the years, I've realized that life is like a beautiful mosaic, created by the threads of our shared experiences. Every conversation, chance encounter, act of kindness, shared laughter, or even a comforting tear adds to the overall design.

Some of my most cherished memories are those simple, unpretentious moments - the ones that could have easily slipped by unnoticed, but instead left a lasting impression on the canvas of my life.

So, I invite you to join me in reflecting on this. Our everyday interactions and seemingly ordinary exchanges have the power to touch lives, forge connections, and contribute to the vibrant fabric of our existence.

Let's continue to share, connect, and make a difference through our small yet meaningful actions. Together, let's appreciate and enrich the tapestry of our shared experiences, for that's where the genuine beauty of life resides.

With sincerity and gratitude,

Gino Pezzani

RE/MAX Heights Realty

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New property listed in Silver Valley, Maple Ridge

I have listed a new property at 12924 240A ST in Maple Ridge. See details here

This beautiful & spacious extra wide home on a quiet Cul-de-sac in Fern Grove @ Silver Valley. Like new this larger floor plan offers a wider open main floor w/ 10’ ceilings & a den off the entrance. Upgraded lighting throughout w/ large windows bathing you in natural warm light + a cool A/C to keep you refreshed in the summer. Open kitchen w/ quartz counters & island w/ seating for entertaining. Covered deck off the dining w/ gas bbq hook up. Beautiful fenced yard w/ lrg Gazebo for year round backyard sitting & handy storage shed for all your stuff. Upstairs boasts a lrg master (vaulted ceiling) w/ ensuite, 3 lrg beds & an addition full bath up. Smart Home Security, A/C , H/W on demand & much more! Well-appointed spacious 1 bed LEGAL suite.

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