Bright & Spacious
Green Space Outlook
Priced at $318,900
Open: March 30th from 2 to 4

319 9319 University

Burnaby, BC

Serene green space views from this bright & spacious home located on the private side of the building. You will not be disappointed. This 2bed/2bath/833sqft home features an open plan, freshly painted throughout, SS appliances w/gas stove, a cozy gas fireplace & covered balcony. A huge master w/nook, ensuite with soaker & walk-in closet & a well sized 2nd bed complete this home. Located in The Harmony, a rental and pet...

Halifax, Nova Scotia—Demographic forces and the hangover from the global financial crisis together are putting limits on economic growth, Bank of Canada Governor Stephen S. Poloz said today in Halifax.
“A period of subdued growth after a financial crisis can still be regarded as cyclical, in the sense that it will eventually prove to be temporary,” Governor Poloz told members of the Halifax Chamber of Commerce. “But the global economy may not be just suffering through a hangover from the financial crisis. There are other, longer-term forces at work as well.”
In his speech,...

March 17, 2014 

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was little changed in February 2014 on a month-over-month basis.

Highlights:

• National home sales edged up 0.3% from January to February.
• Actual (not seasonally adjusted) activity stood 1.9% above February 2013 levels.
• The number of newly listed homes edged up 0.6% from January to February.
• The national average sale price rose 10.1% on a year-over-year basis in February.
• The MLS® Home Price Index (HPI) rose 5.1% year-over-year in February.

The number of home...

March 17, 2014

The British Columbia Real Estate Association (BCREA) reports that a total of 5,578 residential sales were recorded by the Multiple Listing Service® (MLS®) in February, up 24.9 per cent from February 2013. Total sales dollar volume was $3.4 billion, an increase of 43.1 per cent compared to a year ago. The average MLS® residential price in the province rose to $611,688, up 15.4 per cent from the same period last year.

 “Consumer demand was much stronger in February compared to a year ago, but edged lower compared to...

The Bank of Canada announced on March 5^th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent, where it has been parked since September 2010. Canadian private sector forecasters currently expect the overnight lending rate to remain on hold until well into 2015.

In its assessment of the overall economy, the Bank recognized that recent economic growth was slightly stronger than it expected and inflation was a bit higher than it anticipated. On their own, these two factors are likely to result in increased financial market speculation about interest rates rising sooner...

OTTAWA, March 10, 2014 — Housing starts in Canada were trending at 192,236 units in February compared to 191,513 in January, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
“The trend in housing starts remained stable in February for the seventh consecutive month. Since August 2013, the trend has essentially remained in the 185,000 to 195,000 range, with monthto-month variations generally of two per cent or less. This is in line...

The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent. In its accompanying statement, the Bank noted that the economy is preceding largely on the path the Bank projected in its January Monetary Policy Report. While inflation and growth were slightly higher than expected in the fourth quarter of 2013, the Bank expects slack in the economy to keep inflation below the Bank's 2 per cent target this year. The Bank does not view the risks associated with elevated household imbalances as materially changed and judges the current stance of monetary...

In the first two months of 2014, the Greater Vancouver housing market has maintained the steady pace set throughout 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,530 on the Multiple Listing Service® (MLS®) in February 2014. This represents a 40.8 per cent increase compared to the 1,797 sales recorded in February 2013, and a 43.8 per cent increase compared to the 1,760 sales in January 2014.

Last month’s sales total mirrors the 10-year sales average for February of 2,547, with just 17 sales separating...

Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014.
The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including low-ratio refinance premiums. This does not apply tomortgages currently insured by CMHC.
CMHC’s capital management framework is consistent with international practices and Canadian guidelines for mortgage insurers....