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Posted on
October 26, 2022
by
Hafez Panju
The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening.
Inflation around the world remains high and broadly based. This reflects the strength of the global recovery from the pandemic, a series of global supply disruptions, and elevated commodity prices, particularly for energy, which have been pushed up by Russia’s attack on Ukraine. The strength of the US dollar is adding to inflationary pressures in many countries. Tighter monetary policies...
Posted on
October 21, 2022
by
Hafez Panju
Excellent Layout
2 Bed, 2 Bath, 989sqft
Priced at $668,800
Click here for more...
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 his/her...
Posted on
October 14, 2022
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 4,977 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2022, a decrease of 45.8 per cent from September 2021. The average MLS® residential price in BC was $927,119, a 1.7 per cent increase from $912,008 recorded in September 2021. Total sales dollar volume was $4.6 billion, a 44.9 per cent decline from the same time last year.
“Mortgage qualifying continues to be a significant hurdle for many potential buyers as interest rates rise,” said BCREA Chief Economist...
Posted on
October 4, 2022
by
Hafez Panju
Home sellers were more active in Metro Vancouver’s* housing market in September while home buyer demand remained below the region’s long-term averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022.
Last month’s sales were 35.7 per cent below the 10-year September sales average.
“With the Bank of Canada and other central banks around the globe...
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
