Investor, student and first time buyer alert! This 1bed/1bath/599sq home features Inlet & green space views, an efficient floor plan, quality flooring, GE Cafe appliances, quartz counters, a spacious kitchen w/breakfast bar & covered balcony. Spacious master has walk-through closet to a cheater 4pc bathroom. Altitude is Vancouver's highest rising tower, 1 yr young & rental & pet friendly. Bonus: 1 locker & Parking. Walk to: transit, campus, childcare, shopping, indoor/outdoor rec. & a host of resident-only perks. Do not miss your chance to enjoy living in this great lifestyle...

The trend measure of housing starts in Canada was 195,640 units in August compared to 201,379 in July, 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.

"Housing starts declined in August, as construction of multi-unit dwellings slowed in most regions, led by lower activity in Alberta and Manitoba” said Bob Dugan, CMHC Chief Economist. "However, housing market activity levels remain elevated and this decline in starts is the market's response to increasing levels...

The Bank of Canada announced on September 7^th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent.

The Bank acknowledged that inflation risks were “tilted more to the downside since July” when it published its most recent economic forecast. Normally, this would signal that it may lower interest rates in the near future.

However, the Bank also said it remains concerned about rising mortgage debt, throwing cold water on the idea that it might lower rates for fear of fueling further household debt.

The big picture for the Bank’s key policy interest...

For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace seen earlier this year and returned to more typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 2,489 in August 2016, a decline of 26 per cent compared to the 3,362 sales in August 2015; 10.2 per cent less than the 2,771 sales in August 2014; and one per cent less than the 2,514 sales in August 2013. August 2016 sales also represent a 22.8 per cent decline compared to last month...

The BCREA Commercial Leading Indicator (CLI) increased 1.7 index points in the second quarter of 2016, propelled higher by strong growth in the BC economy. The CLI index rose to a new high of 122.2, up 2.2 per cent compared to the second quarter of 2015.

“The recent uptrend in the CLI is reflective of a strong underlying economy and accelerated employment growth,” said BCREA Economist Brendon Ogmundson. “The CLI was further boosted by a rebound in financial markets that were previously dragging the index lower.”

All components of the CLI...

Welcome to "The HUB" at UniverCity. Located in the heart of the SFU community. Built by the highly reputable builder LIBERTY Homes. This 574sqft, one bedroom, one bathroom unit offers a flexible open concept living with great room sizes. This unit includes: Stainless steel appliances, Hardwood flooring, quartz countertops and the perfect sized, private balcony. This concrete building is a part of the LEED program = better windows for energy saving, low emission paints, efficient plumbing fixtures reduce water use, and a green roof to regulate stormwater runoff. The PERFECT investment property for...

The British Columbia Real Estate Association (BCREA) released its 2016 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to climb 10.4 per cent to a record 113,000 units this year, eclipsing the previous record of 106,310 units in 2005. Housing demand is expected to moderate next year, with home sales declining nearly 8 per cent to 104,400 units. However, housing demand is expected to remain well above the ten-year average of 85,000 unit sales.

“The introduction of a 15 per cent tax on foreign...

With a new tax on foreign homebuyers in Vancouver expected to slow purchase activity, there is a greater risk that the city’s lofty real estate prices would be vulnerable to a potential jump in local unemployment, Fitch Ratings said on Monday.

Earlier this month, Vancouver implemented a 15 per cent tax on foreign home buyers to try to address a lack of affordability for residents.

The new tax will likely be effective in tamping down buyer activity, Fitch analysts wrote, but with signs that the market may have begun to cool even before the tax, that leaves Vancouver home prices more exposed...

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined for a third consecutive month in July 2016. 

Highlights:

• National home sales fell 1.3% from June to July.
• Actual (not seasonally adjusted) activity came in 2.9% below July 2015.
• The number of newly listed homes rose 1.2% from June to July.
• The MLS^® Home Price Index (HPI) rose 14.3% year-over-year in July.
• The national average sale price climbed 9.9% in July from one year ago; net of the Greater Toronto Area (GTA) and Greater Vancouver, it advanced 7% year-over-year.
...

A new Vancouver-based company says it aims to lessen the headache of finding rental accommodation in the city’s hot housing market, but renters’ advocates are blasting it as more bad news for tenants.

Biddwell, which officially launched last week, allows prospective tenants to review online postings and submit a “sealed offer” on a unit, similar to a bid at a silent auction. The landlord can then review the applicant’s “renter resumé” – which can include a short biography, references and verified income – and decide whether the offered...

Three years ago, Jack Li signed to buy a modest one-bedroom condo in Richmond for about $200,000, a chance to gain a relatively cheap foothold in British Columbia’s Lower Mainland.

Then he waited as his new home slowly emerged from the ground. But far more exciting than construction progress was the rapid rise in the value of his purchase as real estate prices took flight. Mr. Li, a Beijing oil and gas worker who turned to real estate when energy prices crashed, decided to buy more.

In January, he bought into another condo development in Yaletown. In July, he signed for a third, in Burnaby....

The British Columbia Real Estate Association (BCREA) reports that 9,900 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, down 3.4 per cent from the same month last year. Total sales dollar volume was $6.57 billion in July, up 5.4 per cent compared to the previous year. The average MLS® residential price in the province was up 9.1 per cent year-over-year, to $663,411.

“Housing demand has moderated in many regions of the province, after setting records earlier in the year,” said Cameron Muir, BCREA Chief Economist. “The less frenetic...

The trend measure of housing starts in Canada was 201,936 units in July compared to 197,847 in June, 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.

“July’s housing starts continued to pick up pace, as construction strengthened in BC and Ontario’s multi-unit segments,” said Aled ab Iorwerth, CMHC’s Deputy Chief Economist. “This reflects continued strong demand for lower-priced homes and low inventories of completed and unsold new units....

UniverCity, a city within a city. Enjoy the peace & tranquility this area has to offer. Features: open layout, granite throughout, stainless steel appliances & spacious balcony. Located in Novo ii, this building offers recreation facilities & allows for rentals & pets. Close to transit, shopping, indoor/outdoor recreation & a host of perks available only to UniverCity residences.

Metro Vancouver* homes sales resembled more typical levels in July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales inthe region totalled 3,226 in July 2016, a decrease of 18.9 per cent from the 3,978 sales recorded in July 2015 and a decrease of 26.7 per cent compared to June 2016 when 4,400 homes sold. This is the first time since January that home sales in the region have registered below 4,000 in a month.

“After several months of record-breaking sales activity, home buyer demand returned to more historically normal levels...

The BC legislature passed legislation last night that institutes the foreign buyer tax. Real Estate Board of Greater Vancouver President Dan Morrison issued the following statement on this development:

"Hundreds of British Columbians head into the BC Day long weekend facing stress and uncertainty concerning the largest financial transaction of their lives because of the provincial government's abrupt intervention into the Metro Vancouver housing market this week.

“The Premier’s decision not to exempt transactions where home sellers have an accepted contract in place, with a non-Canadian...

VICTORIA – Foreign buyers purchased more than $1 billion in real estate in B.C. in five weeks, new government figures show.

The amount, $1.024 billion, represents 7.9 per cent of the total $12.89 billion of real estate sold in the province between June 10 and July 14.

Most of those foreign buyers — 73.3 per cent — were in Metro Vancouver, according to provincial data.

In the Metro region, foreign citizens bought $885 million in real estate out of a total $8.8 billion during the time period, representing 10 per cent of purchases.

The number of foreign...

Canada's banking regulator said on Tuesday it will require the country's banks to test how they would withstand a 50 percent drop in property prices in Vancouver and a 40 percent decline in Toronto.

The move, which builds on an existing requirement that banks test their resilience to a 30 percent decline in home prices across all regions, is the latest in a series of measures by Canadian authorities to counter a risk posed by soaring house prices in the two Canadian cities.

The Office of the Superintendent of Financial Institutions (OSFI) said earlier this month it was tightening oversight of mortgage...

Wake up to unobstructed VIEWS of the Fraser River, Burrard Inlet, Port Mann Bridge and Mt Baker. Less than a 10 minute WALK from Simon Fraser University. Excellent INVESTMENT and very AFFORDABLE property. This is a very QUIET & PEACEFUL unit. The very well MAINTAINED property is beautifully landscaped. Spacious unit with One bedroom & DEN. Includes STAINLESS STEEL appliances and GRANITE countertops. Walking distance to Nester Market, other shops, a local pub & spectacular NATURE trails.

Alert!! Alert!! Investment, Retirement, Teachers & Students. What an exciting property going on the market. The building is built by famous developer Polygon & architechtural design by Raymond Letkeman Architect Inc. This beautiful West facing 2 bed & 2 bath is something you don't want to miss. Central location in the University district area. It is super convenient for students to rent or live near the university. This property is engaged in a peaceful environment, local hiking trails & parks are nearby. Only 10 mins driving to Lougheed Town Centre. Show time by appointment only....