January 30, 2012
SFU, UniverCity Weekly Update for January 23 to 29, 2012
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has now registered three sales 2012. Two units in Hamony at the Highlands have registered as sold during the past week.
There were a total of five new listings during the past week, bringing the total available inventory to 45 homes. All five of the new listings were in the resale market. The average list price is now $438,006 or $449.93 per sqft. The most expensive home on the market is a gorgeous penthouse unit located in Altaire priced at $688,800 and the least expensive...
January 27, 2012
Average Performance for Housing Market in 2012
The British Columbia Real Estate Association (BCREA) released its 2012 First Quarter Housing Forecast Update today.
“Modest economic growth at home and abroad is expected to limit growth in consumer demand both this year and in 2013,” said Cameron Muir, BCREA Chief Economist.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 2.1 per cent from 76,817 units in 2011 to 78,400 units this year, increasing a further 2.7 per cent to 80,500 units in 2013. The 15-year average is 79,000 unit sales. A record 106,310 MLS® residential sales were recorded in 2005. ...
January 27, 2012
Exclusive Pre-Sale Opportunity for Lift by Porte Development
Don't Miss Your Chance to own in Lift
Did you miss out on the last few pre-sale opportunities at Simon Fraser University, UniverCity? Not to worry, we have you covered.
Porte Development in connection with Hafez Panju and www.liveatsimonfraser.com, are hosting an exclusive pre-sale preview of Lift, the latest project at SFU. Be one of the first to secure your own home in this exciting project; before the general public.
January 23, 2012
UniverCity Registers first sale of 2012, Weekly Update for January 16 to 22, 2012
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has now officially registered its first sale of 2012. A 3 bed, 2 bath, 2 level town home located in Serenity at 9229 University has sold for $438,000. Although the sale was posted to MLS this past week, the actual sale date was January 12, 2012.
As of today there are now 43 active listings on the Mountain with 3 new listings during the past week. Two of the new listings are pre-sale homes in Lift by Porte Development. The average list price is $442,614 or $49.89 per sqft. ...
January 18, 2012
Simon Fraser University Year to Date Update
The real estate market in Simon Fraser University area, specifically UniverCity on Burnaby Mountain has seen an increase in activity since the beginning of the year. We are off to a great start. As I reported in my 2011 Year in Review post back on January 6, 2012, inventory levels were low at the time. Of the approximately 1350 resale units in UniverCity, as of Jan 6, 2012 there were only 31 active listings or approximately 2.3% of resale units for sale.
Fast forward one week or rather 11 days and we now see 40 active listings. Although still low at only 2.9% of resale...
January 17, 2012
Open House: 508 9339 University Sunday January 22, 2012
508 939 University Cr.
Corner Penthouse with 12' Ceilings
Open House Jan 22 from 2:00 to 4:00
Stunning SW views from this bright & spacious corner penthouse home; one of the best units in the complex! Features: soaring 12' ceilings, laminate floors throughout, stainless appliances, updated cabinets & bonus 2 parking stalls & locker.Excellent sized master w/nook, large ensuite with soaker & walk-in closet. Second bedroom is well sized & offers lots of light & views. Located in The Harmony, a rental and pet friendly complex w/balance of a 2-5-10...
January 17, 2012
Bank of Canada maintains overnight rate target at 1
Ottawa ‐ The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign debt crisis in Europe has intensified, conditions in international financial markets have tightened and risk aversion has risen. The recession in Europe is now expected to be deeper and longer than the Bank had anticipated in...
January 16, 2012
BCREA - Home Sales Increase Last Year
Vancouver, BC – January 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC climbed 14.3 per cent to $43.1 billion in 2011. A total of 76,817 homes were sold in BC in 2011, up 2.9 per cent from 2010. The average annual MLS® residential price climbed 11.1 per cent to $561,026 over the same period.
"Low mortgage interest rates and gradually improving economic conditions contributed to a moderate increase in consumer demand last year," said Cameron Muir, BCREA Chief Economist. "BC home sales...
January 12, 2012
Back On the Market - Open House Saturday Jan 14 1:00 to 3:00
Fabulous Outdoor Patio
Harmony at The Highlands
Open House Saturday Jan 14 from 1:00 to 3:00
Outdoor lover ALERT!!! Huge semi-private outdoor patio with direct access to your suite; perfect for gardeners & pet owners alike. This 2bed/2bath/837sqft home shows very well. Features: laminate flooring throughout, open concept plan, SSapps w/gas stove, gas F/P & bonus storage locker. Excellent sized master w/nook, ensuite with soaker & walk-in closet & a well sized 2nd bed complete this home. Located in The Harmony,...
January 9, 2012
Simon Fraser University 2011 A Year in Review
Happy New Year! I wish you and your families a healthy and prosperous 2012.
Another year has come and gone and what a year it is has been. Specifically with respect to Real Estate, the Lower Mainland experienced a flurry of activity and price growth some areas saw double digit increases in the first half of 2011. According to the Real Estate Board of Greater Vancouver (“REBGV”) the Housing Price Index (“HPI”) hit a peak in June 2011 of $630,921. The HPI then slid a total of 1.5% from June 2011 to December 2011 to end the year at $621,674. A total increase of 7.6%...
January 5, 2012
Balanced real estate market prevailed through much of 2011
The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.
January 3, 2012
Kidney Foundation of Canada thanks Hafez Panju
“Failure is not an option…….”
For Hafez Panju this adage has a particular meaning. He understands that kidney patients face failure every day and he is committed to helping make a difference in the lives of persons living with kidney disease. Since 2005 Hafez has been a generous supporter of The Kidney Foundation of Canada donating a percentage of his sales commissions to the BC Branch. 2011 was no exception as Hafez generously donated over $1,700 to help support lifesaving programs for kidney patients in BC bringing his combined total of contributions to over $5,200! I guess you...