Have clients that are afraid to downsize from a house to a condo? Co-hosts Michael & Morgan offer tips on how to create an environment where the client is always in a position of strength so they feel comfortable shifting to a new space.
by Oakwyn Realty
As we start heading into the summer season, you may notice the market start to shift and listings still on the market for longer than usual. But fear not, co-hosts Michael & Morgan are here to advise on how to deal with stale listings! From emphasizing the importance of good communication with your sellers to turning disadvantages to advantages, tune in to hear them offer a number of helpful tips to sell that listing.
Joining us from Kelowna are new Oakwynites, ACE Marketing! Co-hosts Michael & Morgan chat with Chad MacTavish and Megan Michaluk of ACE about all their presale projects from the Island to the Valley and the growing urban market in Kelowna. Tune in to learn more about exclusive deals and previews through ACE and the Oakwyn Okanagan community!
Take a look at the current presale projects our agents are working on.
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Vancouver is moving from a hot market to a balanced market and in this week’s episode, our hosts discuss market transitions. Sit back and hear Michael & Morgan’s accounts of how the real estate market has adjusted over their careers and the wisdom they’ve gained.
In this week’s mini-episode, co-hosts Michael & Morgan share their experiences based on the self-limiting beliefs described in Morgan’s favourite book, “The Four Agreements” by Don Miguel Ruiz. Tune in to learn what the Four Agreements are and how you can incorporate these into your daily life!
In 2022, Oakwyn is growing, expanding, and achieving more than ever before. Our Theme of the Year, Evolve, is at the core of our ongoing efforts to effect positive change in our lives, our work, and our communities. Ardent advocate for the Ronald McDonald House and Oakwyn Managing Broker Jenny Wun exemplifies our theme every day as she expands the Oakwyn brand to North Burnaby.
We asked three of our Oakwyn Northwest agents, Manny Bal, Sam Cao, and David Tran, to share some special recommendations and insight for those new to North Burnaby and the Heights.
Check out our agent highlights and recommendations below for family-friendly activities, great dining, luxury lifestyle, and more.
Located in bustling Burnaby Heights, Oakwyn Northwest will infuse Oakwyn’s values into their work in the North Burnaby market. “Burnaby is very much the artery for agents who live in the city and for agents who need a central hub to service the Lower Mainland real estate market,” Jenny says. We are thrilled to see Jenny build the Oakwyn name in North Burnaby with drive, initiative and heart.
Oakwyn Northwest agent Manny Bal was born and raised in Burnaby and is now raising his own family here. Manny says, “We love this city. The community is amazing. Something that Burnaby shares with Oakwyn’s brand and values is to always evolve, always push forward. And our tagline: work hard, stay humble.”
Sam Cao, also from the Oakwyn Northwest office, agrees. “It’s a fantastic neighbourhood with a very tight-knit community. My close friends, family, and clients are all moving here.” With “great coffeeshops, great mom ‘n’ pop shops, and great restaurants,” as Sam says, what’s not to love?
Manny Bal has been coming to Anton’s Pasta Bar since he was a teenager. “It’s one of my favourite restaurants,” he says, serving “family-friendly, legendary rustic Italian food.” Anton’s Pasta Bar first opened its doors in 1983, after its namesake and proprietor, Tony Mauro, traveled to Canada from his hometown of Calabria in southern Italy. The first recipes served were his mother’s. Manny recommends the fettuccine creola: Italian sausage, chicken, and shrimp in an exquisitely spicy tomato sauce. He also shouts out the great staff and atmosphere at this iconic Burnaby Heights culinary institution. Be sure to inquire about the Montelvini Private Reserve wines, a rare treat straight from Italy available exclusively at Anton’s.
Contact Manny Bal to learn more about the best dining and more in North Burnaby.
Oakwyn Northwest agent David Tran recommends Chez Christophe, his favourite bakery in Burnaby Heights. David first visited Chez Christophe in search of the perfect, melt-in-your-mouth cake for his wife’s birthday. “The cake was amazing,” he says, adding, “they also have great pastries, a wonderful selection of chocolates, and the coffee is outstanding as well.” It’s the perfect place for a client meeting, with plenty of seating and a friendly and inviting staff. For a small treat, David recommends the double baked almond and chocolate croissant. Don’t miss their unique boxes of handcrafted chocolates, perfect for a gift or to share on a romantic occasion.
Contact David Tran for more information about working and living in Burnaby Heights.
For a family outing in North Burnaby, Manny suggests The Amazing Brentwood: a one-of-a-kind urban gathering place with exquisitely designed indoor and outdoor spaces: “Several of my clients have invested into this neighbourhood because this place has it all,” Manny says. “My family comes here for our shopping, our dining, our entertainment, the Rec Room, the cinemas.” Visit the Lux Skin Lab for innovative facial and body treatments. The OEB Breakfast Co. serves elevated breakfast classics, such as a Canadian Lobster & Shrimp Crêpe, with butter poached lobster & shrimp scramble, green onions, brown butter hollandaise, and truffle pearls—add caviar for a special treat. At The Rec Room, Manny recommends the car racing and basketball games for kids and kids-at-heart.
Manny, who grew up in Burnaby and is now raising his family here, shared a family secret. “Fun fact,” he says, “a little tradition of ours, our tradition on every birthday: a coconut cream cake” from the local Whole Foods in Brentwood. “I promise you, you will not be disappointed.”
Oakwynite Sam Cao swears by the masala chai at Caffé Artigiano in Burnaby Heights. With great staff, great drinks, and delicious baked goods, Caffé Artigiano—steps from the Oakwyn Northwest office—is the perfect place for a quick lunch, a quick meeting, or an after-work treat.
Contact Sam Cao to discuss your options in North Burnaby today.
Green & Oak
Delicious Malaysian fare served in a charming, modern setting.
Atlas Steak + Fish
Fine North American cuisine meets a sleek, luxurious atmosphere at Atlas Steak + Fish in the Delta Hotel.
The Gray Olive
A cool, contemporary diner serving seasonal comfort food with delicious vegetarian options.
Inspired, artistic, and memorable design for interior and home.
Plush Floral Studio
An award-winning studio offering trendy, edgy, and minimalist floral designs.
Premium, contemporary wood products made locally and sustainably. Online only.
Fine vintage clothing and antique jewelry, as well as furniture, artwork, and more.
Muckabout Gift Gallery
Artisanal offerings from around the province including Heights Coffee Co., Market Candle Company, Jane’s Honey Bees, Violet Finvers Glass, and more.
Come visit our agents in the heart of Burnaby Heights and see the best of Burnaby. The Heights is an urban hub with a vibrant community, one of the largest business centres in Burnaby, with murals, artistic and cultural events, and great options for dining, shopping, and more. Make a day trip of it to explore North Burnaby and chat with our agents about the endless possibilities for you in Greater Vancouver’s best kept secret: where high-end living coincides with countless hidden gems and hole-in-the-walls.
For more information about North Burnaby and the new Oakwyn Northwest team, reach out to us to book an appointment, arrange a tour, or speak with our recruitment team.
To keep up with the latest Oakwyn news, be sure to follow us on Instagram and Twitter, and visit our website.
Now that you’ve heard what to do with cold leads, we’re turning up the temperature to discuss warm leads! Co-hosts Michael & Morgan advise on how to build rapport with your sphere of influence and referrals so you can fulfill their real estate needs.
In this week’s episode, co-hosts Michael Uy & Morgan Browne advise on how to convert cold leads into long-time clients. Tune in to hear their own cold lead conversion stories and role-play to get that client!
As we start a new quarter this year, co-hosts Michael Uy & Morgan Browne reflect on the goals they’ve set for 2022 and the initiatives they’ve made so far to achieve them. Tune in to listen to some tips on how to track your progress as individuals and with your teams!
Long-time Oakwynite, Chris Tioseco, joins our co-hosts, Michael Uy & Morgan Browne, on this week’s episode!
At Oakwyn we’re always wanting to present the facts in an engaging way. Every month, one of our agents will unpick current market statistics from the Real Estate Board of Greater Vancouver to help you understand what’s going on in the real estate market and what you should be looking out for.
March’s statistics report comes straight from Jeff Appelbe. You can read up on March’s insights below to stay up to date on another big month for the market.
The Real Estate Board of Greater Vancouver is reporting “March Home Sales Up 27% Since February,” but Jeff notes that sales increase seasonally from February to March every year. The more important metric for agents and buyers is the year-by-year comparison. March sales in 2022 were above the ten year average, which is consistent with the numbers we observed in February 2022 as well.
While March was a busy month, inventory remains at a historic low. Another factor, which Jeff highlights as the real story this month, is a policy interest rate bump put into effect by the Bank of Canada on March 2nd, 2022. This is the first increase to the rate in four years.
Jeff notes that sales decreased significantly in the latter half of the month. There were 746 detached sales in the Fraser Valley in March, with only 33% of them occurring after March 16th. In East Vancouver and Burnaby combined, only 36% of sales were reported in the second half of the month as well. In terms of pricing, the Real Estate Board of Greater Vancouver is reporting that the MLS Benchmark Price showed a trend upward in pricing in most areas. Yet Jeff notes that the average and median prices are in fact lower than we might expect.
While these numbers may seem all over the place, the truth, Jeff says, is that we’re at an inflection point. There’s evidence of change across the board, and we can expect more of it in April.
The Bank of Canada met again on April 13th, 2022. Analysts were predicting an overnight interest rate increase of 0.50%, in contrast to the usual 0.25% basis point. In fact, the Bank of Canada has reported an increase of 0.50%, for a net interest rate of 1.00%.
Jeff concludes that this rate increase will be the single greatest factor impacting sales—not government policy or budget changes. What really matters for agents and buyers is affordability, and the mortgage and interest rates that have been driving up prices.
Work with your Oakwyn agent, work with your trusted real estate advisor, and come up with a plan that makes sense for you in 2022 if you’re thinking about making a move.
To keep up with the latest market statistics and join the conversation, be sure to follow us on Instagram and Twitter, and visit our website.