Garden Level Patio
Prestigious One University

Looking for outdoor space as an extension of your indoor living? Look no further! Calling all outdoor, garden and pet lovers. Enjoy the 371sqft ground level patio of this 2bed/2bath/973sqft home in the luxurious concrete tower of OneUniversity located in UniverCity; Vancouver’s premier lifestyle neighborhood. Features: espresso color floor, 9’ ceilings, shaker style cabinets, quartz counters, SS apps, excellent room separation, cozy fireplace & more. The large master has his/her walk through closet, 5 pc ensuite w/soaker &...

The BCREA Commercial Leading Indicator (CLI) pushed higher in the first quarter of 2016, reflecting a strong and growing BC economy. The CLI index posted a 1.1 point increase to 120.8, eclipsing the previous index high of 120.1 set in the first quarter of 2015.

“The BC economy is surging,” said BCREA economist Brendon Ogmundson. “The economic climate in the province is, and is expected to remain, very conducive to rising commercial real estate activity over the next year.”

After flattening out for several quarters, the trend in the...

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

The global economy is evolving largely as the Bank projected in its April Monetary Policy Report (MPR). In the United States, despite weakness in the first quarter, a number of indicators, including employment, point to a return to solid growth in 2016. Financial conditions remain accommodative, with ongoing geopolitical factors contributing to fragile market sentiment. Oil prices are higher, in part because...

Home, $weet home.

That’s an appropriate headline for your financial plan if you intend to stay in your house for the long term rather than move to a retirement community. Solid arguments can be made for aging in place, but there will be ever-growing expenses. Plan for them rather than having them take you by surprise.

Baby boomers may have the most intense relationship with their homes of any generation in this country’s history. Houses give them both emotional and financial sustenance, although the latter benefit is more complex than you might think.

As described in this recent...

Canada Mortgage and Housing Corporation’s (CMHC) second quarter highlights important regional differences in housing activity. Housing starts at the national level are expected to slow in 2016 and 2017, while MLS^® sales will reflect renewed economic growth in 2016 before falling back slightly in 2017.

Report Highlights:

• Annual housing starts are expected to range from 181,300 units to 192,300 units in 2016 and from 172,600 units to 183,000 units in 2017.
• Multiple Listing Service^® (MLS^®) sales are expected to range from 501,700 units to 525,400 units in 2016 before...

The British Columbia Real Estate Association (BCREA) reports that a record 12,969 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, up 30.3 per cent from the same month last year. Home sales last month beat March’s record of 12,560 units. Total sales dollar volume was $9.64 billion in April, up 52.7 per cent compared to the previous year. The average MLS® residential price in the province was up 17.2 per cent year-over-year, to $743,640.

“Housing demand is exceptionally strong across the southern regions of...

Proud Sponsor of the University Highlands Elementary School annual Carnival. The Pony rides are always a huge hit with the kids.  Join us, Saturday May 14th.

The trend measure of housing starts in Canada was 195,064 units in April compared to 196,103 in March, 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.

“While the trend for Canada remained stable in April, there were off-setting differences at the local level, notably in Vancouver and Montréal,” said Bob Dugan, CMHC Chief Economist. “Condo construction is slowing down in Montreal as builders are managing inventories by channelling demand to units...

Canada Mortgage and Housing Corporation (CMHC) today released its 2015 Annual Report titled “Why Housing Matters”.

As part of building a stronger CMHC, 2015 saw the Corporation make important progress in addressing housing market data gaps, assist 546,400 households through long-term commitments and insure mortgage loans for 304,518 homes – all of which helped Canadians meet their housing needs.

Report Highlights

• Net Income was $1.4 billion for the year ended 31 December 2015.
• Total insurance-in-force, which represents the aggregate exposure of the mortgage loan insurance activity,...

Last month was the highest selling April on record for Metro Vancouver.*

Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4 per cent from the 4,179 sales recorded in April 2015 and a decrease of 7.6 per cent compared to March 2016 when 5,173 homes sold.

April sales were 41.7 per cent above the 10-year sales average for the month.

“Home buyer competition remains intense across the region,” Dan Morrison, REBGV president said. “Whether you’re a home buyer or seller, it’s important to work with your local REALTOR...

Housing agency changes tune on Vancouver real estate prices, while arguing that “weak evidence” of other market risk factors reduces the likelihood of a bubble 

Canada’s federal housing agency has adjusted its outlook on Vancouver’s housing market, citing “strong evidence of overvaluation” and “moderate evidence of problematic conditions,” according to a quarterly report issued April 27.

The Canada Mortgage and Housing Corporation's (CMHC) spring 2016 Housing Market Assessment (HMA) report, which examines activity in the fourth quarter of 2015,...

2016’s real estate market already outperforming predictions, and there are no signs of a downturn, reports credit union 

While many talk of a housing bubble than surely cannot be sustained, a new Central 1 Credit Union report issued April 19 predicts that current rising sales and prices will continue at least into 2018.

The Metro Vancouver real estate market so far this year has outperformed Central 1’s forecasts. The credit union now predicts sales growth of 22 per cent this year compared with 2015, and a median home price of $668,000, up 13 per cent over 2015. The report added...

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted their third monthly increase and broke all previous monthly records.

Highlights:

• National home sales rose by 1.5% from February to March.
• Actual (not seasonally adjusted) activity was up 12.2% compared to March 2015.
• The number of newly listed homes fell by 1.4% from February to March.
• The MLS^® Home Price Index (HPI) rose 9.1% year-over-year in March.
• The national average sale price rose 15.7% on a year-over-year basis in March (net of Greater Vancouver and Greater Toronto,...

The British Columbia Real Estate Association (BCREA) reports that a record 12,560 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, up 38 per cent from March of last year. Home sales last month eclipsed the previous record of 11,683 unit sales in May of 2007. Total sales dollar volume was $9.69 billion in March, up 66.9 per cent compared to the previous year. The average MLS® residential price in the province was up 20.2 per cent year-over-year, to $771,620.

“Housing demand has never been stronger in the province,” said Cameron Muir, BCREA...

Metro Vancouver* home sales eclipsed 5,000 in March for the first time on record.

Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February 2016 when 4,172 homes sold.

Last month’s sales were 56 per cent above the 10-year sales average for the month.

"March was the highest selling month the REBGV has ever recorded,” Dan Morrison, REBGV president said. “Today's demand is broad based. Home buyers are active in neighbourhoods...

The trend measure of housing starts in Canada was 196,783 units in March compared to 201,618 in February, 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.

“Overall, starts were trending lower in March due to a slowdown in multi-unit construction,” said Bob Dugan, CMHC Chief Economist. “This was the case across the country, except in British Columbia where declining inventories of new and unsold units as well as low levels...

The topic of foreign ownership in Canada’s housing markets continues to gain in importance and attention. In line with its commitment to sharing insightful information as it becomes available, Canada Mortgage and Housing Corporation (CMHC) released today its latest Housing Market Insights (HMI) report on this topic.

The report looks at the share of foreign ownership by the age of structure and is meant to be read in tandem with CMHC’s fall 2015 HMI report on Foreign Ownership. Findings reveal that share of foreign ownership is most prominent in new condominium apartment...

Condominium investors in Vancouver and Toronto display stable characteristics over time. Most are small-scale investors that own only one secondary unit, nearly onehalf purchased their last secondary unit for rental income and most expect to own their investment property for more than five years, according to Canada Mortgage and Housing Corporation (CMHC) 2015 Condominium Owners Survey (COS) released today.

The annual report, focused on the Vancouver and Toronto Census Metropolitan Areas (CMAs), includes survey insights on what motivates condo purchases, how...

Gorgeous Views

Altitude

3 Bed, 2 Bath 1028sqft Concrete Home
Priced at $518,800
Open: April 2 from 1 to 3

Gorgeous! The only way to describe this stunning home. Located in UniverCity; Vancouver’s premier lifestyle neighborhood. Enjoy amazing views from every room that will exceed your expectations. This 3bed/2bath/1028sqft home offers an efficient open floor plan, an abundance of light, quality flooring, GE Cafe apps, quartz counters, a large kitchen w/island, covered balcony & so much more. Spacious master has walk-through closet, 4pc...