Lush Forest Outlook

One UniverCity Crescent

3 Bed, 2 Bath 1290sqft

Priced at $778,800

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Lush forest and mountain top views, bright, spacious & in impeccable condition! This is the home you have been searching for. Welcome to this true 3 bed, 2 bath, 1290sqft luxury home, in prestigious One University Cr., located in UniverCity, Vancouver's premier lifestyle neighborhood. Features: freshly painted, East/West exposure, 2 large covered balconies, engineered floors, 9’ ceilings, open kitchen w/SS apps, quartz counters & breakfast bar & a cozy fireplace. The...

Highlights:

• Bond yields on a rollercoaster ride but mortgage rates remain flat

. • Is the Canadian economy slowing?

• When will the Bank of Canada reverse course?

Mortgage Rate Outlook

Volatility continued in the Canadian mortgage market over the third quarter. Financial markets are currently digesting a complex economic environment as still high, though perhaps peaking, inflation collides with anxiety over a potential recession. That anxiety has expressed itself as volatility across Canadian bond markets with yields on Canadian government debt plunging before rapidly recovering...

Excellent Layout

2 Bed, 2 Bath, 989sqft

Priced at $668,800

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Corner unit, over height ceilings, private treed outlook & plenty of natural light. This 2bed/2bath/989sqft home shows well & won't disappoint. Located in Veritas, a 6 year young complex in the Heart of SFU, UniverCity; Vancouver's premier lifestyle neighborhood. Features: welcoming entry, open layout, excellent rm separation, laminate & plush carpets, large kitchen w/SS appls & breakfast bar w/access to fully covered balcony. The master fits king size bed, has walk-in closet & ensuite with...

The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential price in BC was $918,378, a 2.1 per cent increase from $899,428 recorded in August 2021. Total sales dollar volume was $5.2 billion, a 39.6 per cent decline from the same time last year.

“Housing activity across the province remains well below normal but is showing signs of stabilizing,” said BCREA Chief Economist Brendon Ogmundson....

Simon Fraser University is adding purpose-built, sustainably designed family housing to the Burnaby campus this fall, giving students with families a broader range of affordable accommodation options.

Located in UniverCity on the east side of the Burnaby campus, the two new buildings include 90 rental units—including three accessible units—consisting of studio, one-bedroom and two-bedroom apartments. The units are reserved for SFU students with a spouse or common-law partner and/or children. Students who are interested in living in this unique residence community can learn...

Third Quarter – September 2022

The dramatic rise in Canadian mortgage rates has prompted an equally dramatic shift in the BC housing market. While the year started with home sales on pace to exceed 100,000 unit sales for a second consecutive year, aggressive monetary tightening in response to the highest inflation in decades quickly sent demand to the sidelines as five-year mortgage rates more than doubled. Compounding the impact of rising mortgage rates, mortgage stress test requirements mean many potential buyers have to qualify at more than 7 per cent.

There are some signs, however, that...

Metro Vancouver’s* housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.

Last month’s sales were 29.2 per cent below the 10-year August sales average.

“With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term...