Gorgeous Views

Altitude

3 Bed, 2 Bath 1028sqft Concrete Home
Priced at $518,800
Open: April 2 from 1 to 3

Gorgeous! The only way to describe this stunning home. Located in UniverCity; Vancouver’s premier lifestyle neighborhood. Enjoy amazing views from every room that will exceed your expectations. This 3bed/2bath/1028sqft home offers an efficient open floor plan, an abundance of light, quality flooring, GE Cafe apps, quartz counters, a large kitchen w/island, covered balcony & so much more. Spacious master has walk-through closet, 4pc...

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales recorded a second consecutive month-over-month increase in February 2016.

Highlights:

• National home sales rose by 0.8% from January to February.
• Actual (not seasonally adjusted) activity was up 18.7% compared to February 2015.
• The number of newly listed homes edged up by 0.5% from January to February.
• The Canadian housing market has tightened but remains balanced overall.
• The MLS^® Home Price Index (HPI) rose 8.5% year-over-year in February.
• The national average sale price rose 16.4% on...

The British Columbia Real Estate Association (BCREA) reports that a total of 9,637 residential unit sales were recorded by the Multiple Listing Service® (MLS®) last month, up 44.7 per cent from February of last year. This smashed the previous record of 8,157 unit sales for the month of February recorded in 1992. Total sales dollar volume was $7.51 billion in February, up 76.4 per cent compared to the previous year. The average MLS® residential price in the province was up 21.9 per cent year-over-year, to $779,419.

“Housing demand is now at a break-neck...

A strong fourth quarter closed 2015 as a record-breaking year in commercial real estate sales in the Lower Mainland.

There were a total of 2,307 commercial real estate sales in the Lower Mainland in 2015. This is a 16.2 per cent increase over the 1,985 sales in 2014, which was the previous five-year record holder.

Commercial real estate sales in 2015 were 15.3 per cent above the region’s five-year sales average.

The total dollar value of commercial real estate sales in the Lower Mainland was $8.389 billion in 2015, nearly 33.7 per cent above the $6.273 billion total in 2014.

“Last year...

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

The global economy is progressing largely as the Bank anticipated in its January Monetary Policy Report (MPR). Financial market volatility, reflecting heightened concerns about economic momentum, appears to be abating. Although downside risks remain, the Bank still expects global growth to strengthen this year and next. Recent data indicate that the U.S. expansion remains broadly on track. At the same time,...

The trend measure of housing starts in Canada was 198,880 units in February compared to 199,107 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) of housing starts.

“The national housing starts trend held steady in February, despite some important regional variances,” said Bob Dugan, CMHC Chief Economist. “Housing starts are trending at a 4-year low in the Prairies where low oil prices have weakened consumer confidence. At the...

When Eileen Holt stepped into Vancouver’s dizzying housing market, she never imagined she would come out with a half duplex.

A business-development manager for an engineering consultant firm and a recent empty nester, Ms. Holt had spent two decades in a large suburban home and was looking for a detached house with a suite that she could rent out in Vancouver’s red-hot Commercial Drive area.

But as prices skyrocketed, she was left contemplating fixer-uppers that required major repairs – and found herself at the losing end of several bidding wars. “Anything that was in the...

Last month was the highest selling February on record for the Metro Vancouver* housing market.

Residential property sales in the region totalled 4,172 in February 2016, an increase of 36.3 per cent from the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent compared to January 2016 when 2,519 homes sold.

Last month’s sales were 56.3 per cent above the 10-year sales average for the month and rank as the highest February sales total on record.

“We're in a competitive, fast-moving market cycle that favours home sellers,” Darcy McLeod, REBGV president said. &ld...

Last month was the highest selling February on record for the Metro Vancouver* housing market. Residential property sales in the region totalled 4,172 in February 2016, an increase of 36.3 per cent from the 3,061 sales recorded in February 2015 and an increase of 65.6 per cent compared to January 2016 when 2,519 homes sold.

Last month’s sales were 56.3 per cent above the 10-year sales average for the month and rank as the highest February sales total on record.

“We're in a competitive, fast-moving market cycle that favours home sellers,” Darcy McLeod, REBGV president said. &ld...