January 31, 2013
BC Home Sales to Trend Higher in 2013/2014
Vancouver, BC – January 30, 2013. The British Columbia Real Estate Association (BCREA) released
its 2013 First Quarter Housing Forecast Update today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5.6 per cent to 71,450 units this year, before increasing a further 6.1 per cent to 75,830 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.
“2013 is shaping up to be a transition year in the BC...
January 29, 2013
Just Listed - Stunning Town Home in 9229 University, Serenity
Bright and Spacious
2 Bed, 2 Bath, 2 Level, 1086 SqFt
Prices at $412,800
Open House Feb 2 from 1:00 to 3:00
123 9229 University
Simon Fraser University, UniverCity
Detached style living with strata convenience! This extremely bright 2level/2bed/2full bath home is in great condition & shows very well. You will not be disappointed. Features: open layout, excellent room separation, large kitchen w/eating area & SS apps & your own patio. The spacious master has 3pc ensuite & tons of closet space & 2nd bed is excellent sized. The Serenity complex...
January 28, 2013
Bank of Canada signals rates likely on hold until 2014
The Bank of Canada announced on January 23rd, 2013 that it is keeping its key policy interest rate at 1 per cent, where it has been held for more than two years. In providing guidance on where interest rates are heading, the Bank said interest rate hikes are “less imminent than previously anticipated.”
The Bank acknowledged that Canadian economic growth slowed more abruptly in the second half of 2012 than it had previously anticipated. It also recognized a marked deceleration in the growth of household debt, moderation in the housing sector, and softer than expected inflation.
January 21, 2013
2 Level Condo with Studio/Flex Space
16' Soaring Ceilings
1459 sqft, 2 Level, 3 Bed & 3 Bath Condo
Priced at $574,979
Open House: Jan 26 from 1:00 to 3:00
10 9320 Universt Cr.
Simon Fraser Univeristy, UniverCity
Rarely available! A stunning home w/bouns self-contained studio/flex space; perfect for home/office or suppplement income. This 1459 sqft, 3 bed/3 bath/2 level unit located in prestigious One University Cr. shows very well & is in excellent condition. Features; East/West exposure, open concept plan, soaring 16' living & bedroom ceilings, spacious kitchen w/quartz counters & stainless...
January 14, 2013
Just Listed: 110 9009 Cornerstone Mews, The Hub
Concrete Town Home
Priced at $438,800
Open: Jan 19 1:00 - 3:00
110 9009 Cornerstone Mews
SFU, Simon Fraser Univesity, UniverCity
Unique and rarely available town home conveniently located in the heart of UniverCity! Steps to shopping, transit, SFU campus & all this area has to offer. This south facing 2level/2bed/2full bath home is in great condition & shows very well. Features: hardwood floors, open layout, euro-inspired kitchen, large windows, tons of storage, separate locker & a fabulous patio space. Top floor offers a...
January 14, 2013
BC Home Sales Decline in 2012
The British Columbia Real Estate Association (BCREA) reports that a total of 67,637 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during 2012, a decline of 11.8 per cent compared to 2011. Total sales dollar volume declined 19.1 per cent to $34.8 billion over the same period. The annual average MLS® residential price in the province was $514,836 in 2012, down 8.3 per cent from 2011.
“A notable pullback in consumer demand in Vancouver and the Fraser Valley during 2012 was more than enough to offset&nbs...
January 14, 2013
Prices hold firm as home buyers and sellers conclude 2012 from the sidelines
The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2012 reached 25,032, a 22.7 per cent decline from the 32,387 sales recorded in 2011, and an 18.2 per cent decrease from the 30,595 residential sales in 2010. Last year’s home sale total was 25.7 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.