Posted on
March 4, 2022
by
Hafez Panju
The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1 per cent decrease from the 3,727 sales recorded in February 2021, and a 49.8 per cent increase from the 2,285 homes sold in January 2022.
Last month’s sales were 26.9 per cent above the 10-year February sales average.
“As we prepare to enter what’s traditionally the busiest season of the...
Posted on
February 22, 2022
by
Hafez Panju
Oslo by Eighth Avenue Development Group. Unique location on SFU Burnaby Mountain's South Slope. The 106 residences at Oslo are intelligently designed for thoughtful comfort and functionality. Doorstep access to transit, nature, shops, schools and everyday conveniences. Elevated exteriors steeped in Scandinavian design principles and expressed through high-quality European building aesthetic and materials. Double glazed, thermally-engineered windows. 14,000 sf of indoor and outdoor amenities. Over-height 9' ceilings. Samsung stainless steel appliance package. Sustainable HRV unit effectively balances...
Posted on
February 18, 2022
by
Hafez Panju
Gorgeous Views
One UniverCity Crescent
3 Bed, 2 Bath 1192sqft
Priced at $724,800
Click here for more...
Gorgeous Mount Baker views, bright, spacious & in impeccable condition! This is the home you have been searching for. Welcome to this 2 bed & den, large enough to be a 3rd rm, 2bath, 1192sqft luxury home, in prestigious One University Cr., located in UniverCity, Vancouver's premier lifestyle neighborhood. Features: East/West exposure, 2 large covered balconies, engineered floors, 9’ ceilings, open kitchen w/SS apps, quartz counters & breakfast bar & a cozy fireplace....
Posted on
February 16, 2022
by
Hafez Panju
Unobstructed Outlook
Fully Furnished
Jr. 1 Bed, 1 bath, 458sqft
Priced at $398,800
Click here for more...
Investor, student and first-time buyer alert! Jr. 1 bedroom unit with endless East facing views. Fully furnished, nothing to do but bring yourself. Located in Highland House, a rental friendly building, this Jr.1bed/1bath/458sqft home offers an unobstructed outlook overlooking elementary school field. Features: fully furnished right down to the cutlery (items can stay or go), laminate floors, an efficient floor plan, well-sized kitchen w/stainless apps, contemporary styling throughout &...
Posted on
February 16, 2022
by
Hafez Panju
Welcome to " Fraser'' by Mosaic, located in the heart of University at SFU. This contemporary 3 bedroom+DEN townhouse unit with 1564 sqft features 10' ceiling on the main floor, Shaker Kitchen w/ KitchenAid S/S appliance package, quartz countertops, oversized windows, radiant in-floor heating, Fenced Patio, a huge DEN which can be turned into an office or 4th bedroom. Steps away to a leading childcare facility, a highly ranked elementary school, Nesters Market, the Lorne Davies Recreation Complex, and popular hiking trails in Burnaby Mountain. The energy of living next to a world-class university...
Posted on
February 15, 2022
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 6,138 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2022, a decrease of 14.7 per cent from January 2021. The average MLS® residential price in BC was $1,042,169, a 23.5 per cent increase from $843,918 recorded in January 2021. Total sales dollar volume was $6.4 billion, a 5.3 per cent increase from the same time last year.
“Sales activity is down compared to record levels at the start of last year,” said BCREA Chief Economist Brendon Ogmundson. “However,...
Posted on
February 14, 2022
by
Hafez Panju
Gorgeous Views
One UniverCity Crescent
3 Bed, 2 Bath 1192sqft
Priced at $724,800
Click here for more...
Gorgeous Mount Baker views, bright, spacious & in impeccable condition! This is the home you have been searching for. Welcome to this 2 bed & den, large enough to be a 3rd rm, 2bath, 1192sqft luxury home, in prestigious One University Cr., located in UniverCity, Vancouver's premier lifestyle neighborhood. Features: East/West exposure, 2 large covered balconies, engineered floors, 9’ ceilings, open kitchen w/SS apps, quartz counters & breakfast bar & a cozy fireplace. The...
Posted on
February 11, 2022
by
Hafez Panju
We thank Hafez Panju for his continued support to kidney patients across BC & the Yukon. Since 2008, Hafez has donated $33,600 to the Kidney Foundation, through contributing a percentage of his sales commission, very generously to the BC & Yukon Branch.
Kidney disease is a complex and life‐altering condition that continues to grow at an alarming rate, with no cure. 1 in 10 Canadians (4 million people) now have kidney disease and millions more are at risk with leading causes such as diabetes and heart disease also on the rise.
It is thanks to dedicated supporters like Hafez, who make it possible...
Posted on
February 7, 2022
by
Hafez Panju
Unobstructed Outlook
Fully Furnished
Jr. 1 Bed, 1 bath, 458sqft
Priced at $398,800
Click here for more...
Investor, student and first-time buyer alert! Jr. 1 bedroom unit with endless East facing views. Fully furnished, nothing to do but bring yourself. Located in Highland House, a rental friendly building, this Jr.1bed/1bath/458sqft home offers an unobstructed outlook overlooking elementary school field. Features: fully furnished right down to the cutlery (items can stay or go), laminate floors, an efficient floor plan, well-sized kitchen w/stainless apps, contemporary styling throughout &...
Posted on
February 4, 2022
by
Hafez Panju
The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver*.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease from the 2,389 sales recorded in January 2021, and a 15 per cent decrease from the 2,688 homes sold in December 2021.
Last month’s sales were 25.3 per cent above the 10-year January sales average.
There were 4,170 detached, attached and apartment properties...
Posted on
February 1, 2022
by
Hafez Panju
VERY RARE: TWO units in one strata lot (409+409A). Both units can be separated to 2 legal self-contained suites with separate entrances; 3 OPTIONS: Live in one or rent other side or rent both units, or make it a 2 bedroom & den with 2 full baths. This 925 SF condo + 147 SF covered balcony features newly installed laminate floors, fresh coat of paint, stone countertops, and an excellent view of Mt. Baker, Fraser River, and City views. Steps to SFU, bike & hiking trails, shops & transit. Excellent opportunity for living or investment. Must see by appointment only. 1 parking and rentals...
Posted on
January 31, 2022
by
Hafez Panju
After some uncertainty, Burnaby City Council has now officially indicated it has made a decision to not only support TransLink’s proposed Burnaby Mountain Gondola public transit line, but also the direct, quickest path of Route 1.
Route 1 connects SkyTrain Production Way-University Station and the core of the Simon Fraser Campus (SFU) atop Burnaby Mountain in a straight line. Of...
Posted on
January 21, 2022
by
Hafez Panju
Honoured to be Top 2% of Royal LePage agents in the area.
Top 10% of Real Estate Borad of Greater Vancouver
7th of 161 Realtors in Royal LePage West office.
Thank you to all my clients for your support and referrals.
Posted on
January 18, 2022
by
Hafez Panju
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales remained historically high in December 2021, as the end-of-month supply of properties for sale hit an all-time low.
Highlights:
- National home sales inched up 0.2% on a month-over-month basis in December.
- Actual (not seasonally adjusted) monthly activity came in 9.9% below the record posted in December 2020.
- The number of newly listed properties fell 3.2% from November to December.
- The MLS® Home Price Index (MLS® HPI) rose 2.5% month-over-month and was up a record 26.6% year-...
Posted on
January 14, 2022
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a record 124,854 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2021, a 32.8 per cent increase from the 94,001 units sold in 2020. The annual average MLS® residential price in BC was $927,877, an 18.7 per cent increase from $781,572 recorded the previous year. Total sales dollar volume was $115.8 billion, a 57.7 per cent increase from 2020.
“Last year was a record year for BC homes sales with seven market areas setting new highs,” said BCREA Chief Economist Brendon Ogmundson....
Posted on
January 4, 2022
by
Hafez Panju
Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 sales recorded in 2020, a 73.6 per cent increase from the 25,351 homes sold in 2019, and a four per cent increase over the previous all-time sales record of 42,326 set in 2015.
Last year’s sales total was 33.4 per cent above the 10-year sales average.
“Home has...
Posted on
December 17, 2021
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The average MLS® residential price in BC was $993,922, a 22.1 per cent increase from $814,310 recorded in November 2020. Total sales dollar volume was $9.1 billion, a 17.9 per cent increase from the same time last year.
“Provincial MLS® home sales reached a new annual record in November with still one month to go in 2021,” said BCREA Chief Economist...
Posted on
December 3, 2021
by
Hafez Panju
As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s* housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,428 in November 2021, an 11.9 per cent increase from the 3,064 sales recorded in November 2020, and a 1.9 per cent decrease from the 3,494 homes sold in October 2021.
Last month’s sales were 33.6 per cent above the 10-year November sales average.
“We expect home sale totals to end the...
Posted on
November 30, 2021
by
Hafez Panju
The BCREA Commercial Leading Indicator (CLI) fell from 155.4 to 150.9 in the third quarter of 2021,representing the first decline since the economy began recovering from the COVID-19-induced recession.Compared to the same time last year, the index was up by 9 per cent.
It is important to note that while the economy generally continues recovering strongly, we are still in a very abnormal and uncertain environment for commercial real estate. Therefore, the strong economic and employment growth we have seen in previous quarters may not translate...
Posted on
November 23, 2021
by
Hafez Panju
A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.
In a speech to conference held by the Ontario Securities Commission, deputy governor Paul Beaudry says unprecedented federal aid and restrictions that limited where consumers could spend helped bolster the finances of Canadian households during the pandemic.
But now he says that vulnerabilities linked to elevated household debt appear to be on the rise again after a slight pause.
"A key concern here is that financially stretched households...
|