Embracing gratitude isn't just about saying “thank you”; it's a lifestyle change that can significantly enhance your mental and emotional well-being. Studies show that people who regularly practice gratitude by acknowledging the good in their lives are happier, less stressed, and more resilient in the face of challenges.

Starting a gratitude journal, where you jot down a few things you're thankful for each day, can shift your focus from what's lacking to the abundance around you.

This simple act fosters a positive mindset, improves sleep, and strengthens relationships. In a world that often emphasizes what we're missing, choosing gratitude helps us appreciate what we have, making for a fuller, more satisfying life.

Canadian housing starts fell 0.8 per cent to 240,229 units in April at a seasonally adjusted annual rate (SAAR). Starts were down 8 per cent from the same month last year. Single-detached housing starts rose 2 per cent from last month to 53,895 units, while multi-family and others fell 2 per cent to 186,335 units (SAAR).

In British Columbia, starts fell 10 per cent from last month to 54,835 units SAAR in all areas of the province. In areas in the province with 10,000 or more residents, single-detached starts rose 11 per cent to 3,923 units while multi-family starts dropped 12 per cent to 48,609 units. Starts in the province were 10 per cent below the levels from April 2023. Compared to the same time last year, starts were up by 83 per cent in Kelowna, 69 per cent in Abbotsford, and 525 per cent in Victoria. In Vancouver, starts were down by 30 per cent from April of 2023. 

Link: https://mailchi.mp/bcrea/canadian-housing-starts-april-2024

For more information, please contact: Gino Pezzani.

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. 

For more information, please contact: Gino Pezzani.

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

Vancouver, BC – May, 2024. The British Columbia Real Estate Association (BCREA) reports that 7,569 residential unit sales were recorded in Multiple Listing Service^® (MLS^®) systems in April 2024, an increase of 1.5 per cent from April 2023. The average MLS^® residential price in BC in April 2024 was up 1.4 per cent at $1 million, compared to an average price of $992,440 in April 2023. The total sales dollar volume was $7.6 billion, an increase of 3 per cent from the same time the previous year. 

"April was an above-average month for new listings activity, registering the highest pace since 2021," said BCREA Chief Economist Brendon Ogmundson. "Sales are still slightly below normal, which has led to a substantial increase in total inventory, though at a level still far below long-run balance. Ultimately, the market is heading into the summer in a state of relative calm with much more choice for buyers."

Year-to-date, BC residential sales dollar volume was up 9.5 per cent to $23.4 billion, compared with the same period in 2023. Residential unit sales were up 4.8 per cent to 23,507 units, while the average MLS^® residential price was up 4.5 per cent to $997,132. 

For more information, please contact: Gino Pezzani.

As spring heralds the arrival of a bounty of fruits and vegetables, it offers the perfect opportunity to capture the essence of the season in a jar through homemade preserves. From the tangy sweetness of strawberry jam to the savory depth of pickled asparagus, preserves allow us to savor the flavors of spring long after the season has passed.

Starting with strawberries, rhubarb, and early cherries, spring provides a plethora of options for jams, jellies, and marmalades. Embracing the art of preserving doesn’t just yield delicious results; it also encourages us to connect with our food sources, understand the rhythm of seasons, and reduce food waste.

If you are new to preserving, then such simple recipes as strawberry jam or quick pickles can be a great start. Remember, the key to great preserves is fresh, quality produce, so take advantage of your local farmers' market. Whether you're a seasoned canner or a curious novice, the process of preserving can be a rewarding way to engage with the abundance of spring.

Contrast Flavors: Combine contrasting flavors, such as sweet and sour, or salty and bitter, to create depth.

Mind the Texture: Mix various textures, such as crunchy with creamy, to enhance the eating experience.

Season Smartly: Use salt, acid, fat, and heat judiciously to elevate the main ingredients without overpowering them.

Add Freshness: Incorporate fresh herbs or a squeeze of citrus to brighten rich or heavy dishes.

Taste as You Go: Continually taste and adjust seasonings to ensure a harmonious balance in every bite.

Canadian employment rose by 90,400, or 0.4 per cent, to 20.491 million in April. The unemployment rate was unchanged at 6.1 per cent. Average hourly wages rose 4.7 per cent year-over-year to $34.95 last month, while total hours worked were up 1.2 per cent from April of last year.

Employment in BC rose 0.8 per cent to 2.871 million, while employment in Metro Vancouver rose 0.7 per cent to 1.627 million in April. The unemployment rate fell 0.5 points in BC to 5 per cent while falling in Metro Vancouver by 0.3 points to 5.3 per cent last month. 

Link: https://mailchi.mp/bcrea/canadian-employment-april-2024-may-10th-2024

For more information, please contact: Gino Pezzani.

Life has been a whirlwind lately, hasn’t it? During the hustle and bustle, it’s easy to lose sight of the joys, big or small, that light up our days — a kind word from a friend, the warmth of the sun on your face or even a peaceful cup of tea. These moments are the ones that truly matter and stitch our days together into the tapestry of life.

Every day, I try to take a few moments to appreciate these bits of happiness. Although doing so can be challenging, everything seems a bit brighter and a bit lighter, when I do, similar to finding bits of treasure in the most unexpected places.

So, here’s my nudge to you: Take a moment to enjoy the small things like listening to your favorite song, calling an old friend or savoring that first sip of morning coffee. Whatever it is, let it fill you with joy!

Remember, it’s one step, one smile, one cherished moment at a time.

Gino Pezzani

Your Real Estate Consultant For Life