SOLD

I am pleased to announce the sale of 3361 Wingrove Place,
Port Coquitlam, B.C.

For further information please visit:

www.danmccarthy.ca

Market Review

Vancouver, BC - March 17, 2008.

The British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC rose 4.5 per cent to $3.26 billion in February, compared to the same month in 2007. Residential unit sales dipped 9.8 per cent to 6,822 units during the same period.

The average MLS® residential price in the province reached $478,172 in January, up 15.8 per cent from February 2007. “BC home sales fell for the second consecutive month, marking the slowest start to a year since 2003,” said Cameron Muir, BCREA Chief Economist. “While it’s still too early to call a trend, fewer home sales and an increase in active listings may be pulling the BC housing market toward balanced conditions.” “Strong employment and wage gains over the last year continue to underpin housing demand,” said Muir.

The number of unit sales recorded in the month was 13 per cent above the February average from 1998 to 2007. “However, continued erosion in housing affordability may be taking a toll on the ability-to-pay for some buyers.” Additionally, a weak US economy and lower demand for BC lumber is negatively impacting BC’s forestry industries and local resource communities, while current economic volatility may also be impacting the confidence for some would-be buyers.

For Sale

I am pleased to announce the listing of 3361 Wingrove Place, Port Coquitlam.

ATTENTION FIRST TIME HOME BUYERS!!

This is a great opportunity to purchase a 4 bedroom home located on a private cul-de-sac in Port Coquitlam. This spacious home's features include: 3 bedrooms upstairs, oak cabinet kitchen, hardwood floors, gas fireplace and a large sundeck. Downstairs there is a bedroom, living room with a wood burning fireplace and kitchen, the downstairs can be entered through a separate entrance. There is a large private back yard and patio and there is extra parking for a RV or boat. This home is centrally located and is close to schools, transit, shopping and all amenities.

For further information please visit:

http://www.danmccarthy.ca/properties.php?catfilter=0&nolist

Market Review

Housing Starts Move Higher in February.

OTTAWA, March 10, 2008 - The seasonally adjusted annual rate1 of housing starts was 256,900 units in February, up from 222,700 units in January, according to Canada Mortgage and Housing Corporation (CMHC).

“New home construction in February was boosted by the significant rise in multiple-family starts,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The robust results achieved this month are mainly attributed to increased condominium starts, which reflect strong condominium sales over the past year or two. Despite this sizeable growth in February, we continue to expect that the trend in housing starts will decrease gradually between now and the end of 2008.”

In February the seasonally adjusted annual rate of urban starts increased 18.0 per cent to 223,700 units compared to January. Urban multiples jumped 30.3 per cent to 140,700 units in February, while singles rose 1.8 per cent to 83,000 units.

The seasonally adjusted annual rate of urban starts increased in four of Canada’s five regions in February. Urban starts registered an increase of 45.2 per cent in British Columbia, 26.2 per cent in Quebec, 16.9 per cent in the Atlantic region and 16.4 per cent in Ontario. The Prairies bucked the trend and registered a decline of 9.6 per cent in February. Urban multiple starts were up in all regions except in the Atlantic and the Prairies. Urban singles were up in all regions except British Columbia and the Prairies. Rural starts were estimated at a seasonally adjusted annual rate of 33,200 units in February.

Actual starts, in rural and urban areas combined, were up an estimated 8.1 per cent in the first two months of 2008 compared to the same period in 2007. In urban areas, actual total starts increased by an estimated 10.4 per cent year-to-date. Actual urban single starts from January to February 2008 were down 11.0 per cent compared to the same period in 2007, while multiple starts grew by approximately 25.9 per cent over the same period.

1. All starts figures in this release, other than actual starts, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels.

As Canada’s national housing agency, CMHC draws on over 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes - homes that will continue to create vibrant and healthy communities and cities across the country.

Market Update

Housing options broaden for buyers in February.

VANCOUVER, B.C. - March 4, 2008.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential attached, detached and apartment property sales totalled 2,676 in February 2008, a decline of 6.4 per cent from the 2,859 residential sales recorded in February 2007, and a decline of 9 per cent compared to the 2, 941 sales in February 2006.

New listings for detached, attached and apartment properties rose 26.2 per cent to 5,260 in February 2008 compared with February 2007, which had 4,167 units listed. New listings this February rose 21.2 per cent over new listings figures from February 2006.

“We continue to see the market rebalance, particularly with detached properties, where listings climb and sales either hold or decline slightly,” says REBGV president Brian Naphtali. “This shift increases buyer options and allows people more time to make decisions when purchasing a home.”

Sales of detached properties declined 11.2 per cent to 995 from the 1,121 detached sales totalled over the same period in 2007. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties rose 14.1 per cent from February 2007 to $761,342. Sales of apartment properties in February 2008 declined 5.7 per cent to 1,197, compared to 1,269 sales in February 2007. The benchmark price of an apartment property increased 12.7 per cent from February 2007 to $387,032.

Attached property sales in February 2008 increased 3.2 per cent to 484, compared with the 469 sales in February 2007. The benchmark price of an attached unit increased 12.9 per cent between February 2007 and 2008 to 472,147.

Bright spots in Greater Vancouver in January 2008 compared to January 2007:

Detached:
West Vancouver/Howe Sound .... up 16.7 per cent (56 units sold up from 48)
Whistler/Pemberton....................up 100 per cent (10 units sold up from 5)
Port Moody/Belcarra ..................up 22.7 per cent (27 units sold up from 22)

Attached:
New Westminster...................... up 216.7 per cent (19 units sold up from 6)
Port Coquitlam ..........................up 68.4 per cent (32 units sold up from 19)

Apartments:
Burnaby ....................................up 9.5 per cent (150 units sold up from 137)
Whistler/Pemberton....................up 62.5 per cent (13 units sold up from 8)
Port Moody/Belcarra ..................up 27.6 per cent (37 units sold up from 29)

Residential Construction

Residential construction gaining
Total value in Canada increases 8.5% in 2007

Canwest News Service
Tuesday, March 04, 2008

OTTAWA - The total value of residential construction investment in Canada for 2007 reached $88.7 billion, an increase of 8.5 per cent compared with 2006.

Monday's report from Statistics Canada showed that there were gains across all types of residential construction - new housing, renovation and acquisition costs. All provinces and territories saw an increase in residential construction investment year-on-year from 2006 to 2007. Statistics for the fourth quarter of 2007 showed a marginal fall in Quebec and Yukon when compared to the same quarter in 2006.

In dollars the largest yearly increases were in Alberta rising 18.9 per cent to $14.8 billion and Quebec where investment stood at $19.1 billion an increase of eight per cent. The greatest percentage climb was 37.4 per cent in Saskatchewan. Investment in new housing made up the largest dollar contribution, according to Statistics Canada, with an increase of 8.5 per cent to $44.2 billion. The report said the main driver behind this increase was investment in single-family homes, which rose 7.2 per cent to $27.4 billion, and in apartment and condominium construction, which increased 9.7 per cent to $10.3 billion.

Strong economic indicators in Western Canada - favourable job situation, growth in disposable income, attractive financing options and the strength of the economy - continued to support the demand for housing.
The Statistics Canada report said the increase in the price of houses also contributed to the rise in investments.
The New Housing Price Index (house-only component) increased by 7.4 per cent in 2007 compared with the previous year.In 2007, renovations rose 9.5 per cent to $36.8 billion, which made up 41.5 per cent of all residential construction investments. The Statistics Canada report showed that acquisition costs were 8.6 per cent of total investments, or $7.7 billion, a rise of 4.1 per cent compared with 2006.

Figures for the fourth quarter of 2007, indicated that construction investment rose 10.6 per cent to $23.1 billion compared with the same quarter in 2006. The report said that the increase came from new housing, renovations and acquisition costs