Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from June to July 2018.

Highlights:

• National home sales rose 1.9% from June to July.
• Actual (not seasonally adjusted) activity was down 1.3% from July 2017.
• The number of newly listed homes edged down 1.2% from June to July.
• The MLS® Home Price Index (HPI) in July was up 2.1% year-over-year (y-o-y).
• The national average sale price edged up 1% y-o-y.

National home sales via Canadian MLS® Systems rose 1.9% in July 2018, building on increases in each of the two previous months but still...

Lush Forest Backdrop

2 bed & Den Concrete Home

Open House Aug 18 from 1:00 to 3:00

Priced at $634,800

click here for more info...

Beautiful greenbelt views. This 2bed+den/2bath/1097sqft corner unit has a spacious layout; perfect for an owner occupier or the discerning investor. Located in Novo I, UniverCity at SFU; Vancouver's premier lifestyle neighborhood. Features: freshly painted, quality floors, granite counters, SS apps, breakfast bar, lots of windows, covered balcony & cozy F/P. The master has tons of closet space & 3 pc ensuite, the 2nd bed is well sized & the large...

The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last year. The average MLS® residential price in BC was $695,990, down 0.4 per cent from July 2017. Total sales dollar volume was $4.9 billion, a 24.2 per cent decline from July 2017.

“The BC housing market continues to grapple with the sharp decline in affordability caused by tough new mortgage qualification rules,” said Cameron Muir, BCREA...

Gorgeous Endless Views

3 bed, 2 bath, 1427sqft

Priced at $974,800

Open: Aug 11 from 2 to 4

click here for more info...

Stunning 270 degrees Mountain & Water views. Gorgeous & rare, SW facing 3bed/2bath/1427sqft home with 223sqft partially covered balcony, won't disappoint. Located in Aurora, of UniverCity at SFU, Vancouver's premier lifestyle neighborhood. Features: functional layout, 9' ceilings, expansive windows, tons of light, large kitchen w/loads of cupboard space, granite counters, gas stove & island w/breakfast bar. The master has walk-in closet & ensuite w/dble sinks &...

July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold. Last month’s sales were 29.3 per cent below the 10-year July sales average.

“With fewer buyers active in today’s market, we’re seeing less upward pressure on home prices across...

To no one's surprise, Canada's mortgage industry really, really doesn't like federal regulators' new mortgage stress tests. Its principal industry association, Mortgage Professionals Canada, released a report this week on the impact of the tests that is almost apocalyptic in tone.

It blames the stress tests for this year's housing market slowdown, estimating that the reduced real estate activity will mean Canada will create 200,000 fewer jobs over the next three years than it otherwise would have.

About 18 per cent of prospective homebuyers in Canada would fail the stress test on...

Imagine living at SFU walking distance to everything you need. This 705', 1 Bedroom plus Den condo at Harmony by Polygon, is a beautiful, quiet Low-Rise Rain-screened condominium development featuring a central court yard with fountain, surrounded by lush forested walking, hiking & mountain bike trails. Den could be converted into a second bedroom. Gym, meeting facility, Bike Storage, & guest parking. Residents appreciate the many benefits of living at University including access to the University, shopping, cafes, and schools for the little ones. Mountain living close to everything. Includes...

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from May to June 2018.

Highlights:

• National home sales rose 4.1% from May to June.
• Actual (not seasonally adjusted) activity was down 10.7% from June 2017.
• The number of newly listed homes eased 1.8% from May to June.
• The MLS® Home Price Index (HPI) in June was up 0.9% year-over-year (y-o-y).
• The national average sale price edged down 1.3% y-o-y in June.

National home sales via Canadian MLS® Systems rose 4.1% in June 2018 compared to May. While this marks the first substantive month...

NEW RULES are here.

Click the link to learn about them:

https://m.youtube.com/watch?time_continue=1&v=jcnFUhnEnJI

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in June 2017, and a 14.4 per cent decrease compared to May 2018 when 2,833 homes sold.

Last month’s sales were 28.7 per cent below the 10-year June sales average. 

“Buyers are less active today. This is allowing the supply of homes for sale to accumulate...

New real estate rules came into effect that change how REALTORS® and their clients can work together in different circumstances.

These rules state that real estate licensees across our province can now only represent one party in a transaction and must provide additional documentation about representation and compensation.

So, the next time you go to buy or sell a property, your Realtor is required by the government to go through some additional forms to explain how or whether you’re being represented and to clarify the compensation that you’ll pay. Of course, Realtors can still...

Boy, this new Vancouver property tax increase — the charmingly named "school tax" — sure is causing a lot of commotion. It can be as little as a few hundred if your home is worth just over $3 million, but if you are lucky enough to own a $6-million house, you better find another $10,000 on top of your usual property tax, every year. Of course, you can defer the whole tax at a low interest rate and pay it when you sell, which is a pretty good deal, but some just don't want more debt on their head after working hard to be mortgage free. Poor things.

People suffering under this housing...

Spacious and Open Layout

2 bed & Den Concrete Home

Priced at $698,000

 Click here for more details....