Posted on
November 4, 2013
by
Hafez Panju
Bright and Spacious
Shows Well
2 Bed, 2 Bath, 2 Level, 1086 SqFt
Prices at $398,800
Open House Nov 9 from 2:00 to 4:00
123 9229 University
Burnaby, BC
Simon Fraser University, UniverCity
Detached style living with strata convenience! This extremely bright 2level/2bed/2full bath, 1086sqft home is in great condition & shows very well. You will not be disappointed. Features: open layout, excellent room separation, largekitchen w/eating area & SS apps & your own patio. The spacious mstr has 3pc ensuite & tons of closet space & 2nd bed is excellent sized. The Serenity...
Posted on
November 4, 2013
by
Hafez Panju
Home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months.
The Real Estate Board of Greater Vancouver reports that residential property sales in Greater Vancouver reached 2,661 on the Multiple Listing Service® (MLS®) in October 2013. This is a 37.8 per cent increase compared to the 1,931 sales recorded in October 2012, and a 7.2 per cent increase from the 2,483 sales recorded in September 2013.
New listings for attached, detached and apartment properties...
Posted on
October 31, 2013
by
Hafez Panju
OTTAWA, October 31, 2013 — Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals, such as employment growth and migration, continue to support the Canadian housing market, according to CMHC’s fourth quarter 2013 Housing Market Outlook, Canada Edition1.
“In the new home market, builders are nevertheless expected to limit the number of housing starts while inventories of unabsorbed units, completed and under construction, are drawn down,” said Mathieu Laberge, Deputy Chief Economist for CMHC. “In the resale market,...
Posted on
October 25, 2013
by
Hafez Panju
The Bank of Canada announced on October 23rd 2013 that it was keeping its trend-setting overnight lending rate at 1 per cent. It has been at this level since September 2010.
The biggest change from previous statements was that it no longer hinted that the next move will be a rate hike. Instead, the Bank defended its decision not to cut rates amid persistently low inflation.
The Bank said it does not want to risk reversing the current “gradual unwinding of household imbalances” and slowdown in household debt growth. In other words, the housing market is well behaved...
Posted on
October 23, 2013
by
Hafez Panju
Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015. The nascent recovery in Europe, while modest, has surprised on...
Posted on
October 22, 2013
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its 2013 Fourth Quarter Housing Forecast today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 6 per cent to 71,700 units this year, before increasing a further 6.3 per cent to 76,200 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.
"Consumer demand has bounced back after waning for most of 2012,” said Cameron Muir, BCREA Chief Economist. “With higher interest...
Posted on
October 15, 2013
by
Hafez Panju
Vancouver, BC – October 15, 2013. TheBritish Columbia Real Estate Association (BCREA) reports that a total of 6,498 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during September, up 43.2 per cent from September 2012. Total sales dollar volume was 55.7 per cent higher than a year ago at $3.49 billion. The average MLS® residential price in the province was $537,458, up 8.8 per cent from September 2012.
"Consumer demand for housing in September was the strongest in four years,” said Cameron Muir, BCREA Chief Economist. “After declining...
Posted on
October 3, 2013
by
Hafez Panju
Home buyer and seller activity in the Greater Vancouver housing market continues to far outpace 2012, yet is in line with the region’s 10-year averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,483 on the Multiple Listing Service® (MLS®) in September 2013. This represents a 63.8 per cent increase compared to the 1,516 sales recorded in September 2012, and a 1.2 per cent decline compared to the 2,514 sales in August 2013.
Last month’s sales were 1 per cent below the 10-year sales average for the month,...
Posted on
September 20, 2013
by
Hafez Panju
One of the Best Locations SFU has to offer
Highland House
301 9025 Highland Crt
Burnaby, BC
Listed at $239,900
Simply one of the best locations that SFU has to offer. Highland House, built by award winning Liberty Homes, is the newest development to come to UniverCity, Vancouver's premier lifestyle neighborhood. Located next to the new childcarefacility, steps away from the bus loop & shops and a short walk to campus; the location cannot be beat. This junior 1 bed/1bath/400sqft home offers contemporary style finishing, excellent functional layout, laminate flooring throughout, stainless...
Posted on
September 17, 2013
by
Hafez Panju
TheBritish Columbia Real Estate Association (BCREA) reports that a total of 6,863 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during August, up 28.6 per cent from August 2012. Total sales dollar volume was 39.7 per cent higher than a year ago at $3.66 billion. The average MLS® residential price in the province was $533,400, up 8.6 per cent from August 2012.

"After sitting on the sidelines for much of 2012, home buyers were out in force during the summer months,” said Cameron Muir, BCREA Chief Economist. “Fear of a housing market hard landing...
Posted on
September 4, 2013
by
Hafez Panju
August activity in the Greater Vancouver housing market finished well above last year’s pace and slightly below the 10-year average for the month.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,514 on the Multiple Listing Service® (MLS®) in August 2013. This represents a 52.5 per cent increase compared to the 1,649 sales recorded in August 2012, and a 14.7 per cent decline compared to the 2,946 sales in July 2013.
Last month’s sales were 4.6 per cent below the 10-year sales average for the month.
“We...
Posted on
September 4, 2013
by
Hafez Panju
One of the Best Locations SFU has to offer
Highland House
401 9025 Highland Crt
Burnaby, BC
Listed at $249,800
Simply one of the best locations that SFU has to offer. Highland House, built by award winning Liberty Homes, is the newest development to come to UniverCity, Vancouver's premier lifestyle neighborhood. Located next to the new childcarefacility, steps away from the bus loop & shops and a short walk to campus; the location cannot be beat. This junior 1 bed/1bath/400sqft home offers contemporary style finishing, excellent functional layout, laminate flooring throughout, stainless...
Posted on
July 8, 2013
by
Hafez Panju
Concrete Penthouse Home
270 Degree Views of Mountains, Water, City
1003 9232 University Cr.,
Burnaby, BC
Novo II
Listed at $414,900
Gorgeous! The only way to describe this penthouse unit in Novo II, a concrete building located in UniverCity; Vancouver's premier lifestyle neighborhood. This 2bed/2bath/851sqft home is simply a must see. An amazing private rooftop deck offering stunning mountain, water & city light views that will exceed your expectations; perfect for entertaining. Laminate floors throughout, stainless apps, granite counters, open layout, breakfast bar, storage...
Posted on
July 8, 2013
by
Hafez Panju
The Greater Vancouver housing market continues to maintain a relative balance between the number of homes for sale and the number of people looking to purchase a home in the region today.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,642 on the Multiple Listing Service® (MLS®) in June 2013. This represents an 11.9 per cent increase compared to the 2,362 sales recorded in June 2012, and an 8.3 per cent decline compared to the 2,882 sales in May 2013.
Last month’s sales were 22.2 per cent below the 10-year sales...
Posted on
July 2, 2013
by
Hafez Panju
Completely Updated
Private Covered Balcony
Priced at $388,800
305 9232 University
Novo II
Updated throughout, large fully covered balcony with lush-forested views, a corner/end unit home that will not disappoint. This 993 sqft, 2bed+den, 2bath home shows very well & is in excellent condition. Located in Novo II, a concrete building found in UniverCity; Vancouver's premier lifestyle neighborhood. Features: open layout, brand new flooring, freshly painted w/new trim, stainless apps, granite counters, convenient kitchen island with breakfast bar, large eating area, spacious master w/3pc...
Posted on
June 17, 2013
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 7,664 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during May, down 0.7 per cent from May of 2012. Total sales dollar volume was 2 per cent higher at $4.1 billion. The average MLS® residential price in the province was $534,013, up 2.7 per cent from a year ago.
"BC home sales continued to trend higher in May,” said Cameron Muir, BCREA Chief Economist. “In contrast to slowing demand and moderating prices in 2012, the BC housing market is turning around.” Rising...
Posted on
June 10, 2013
by
Hafez Panju
Mountain & Water Views Shows Well Priced at $474,800 Open June 15 1:00 - 3:00
501 9380 University Cr.
One University Crescent
Burnaby, BC
SFU, UniverCity
Beautiful Mount Baker & City Views, bright, spacious & extremely clean! This 2&den or 3bed/2bath/1172sqft luxury concrete home, located in One University Cr., offers an excellent layout & shows very well. Features: East/West exposure from two large covered balconies, engineered floors in living & dining rooms, 9’ ceilings throughout, open kitchen with SS appliances,...
Posted on
June 4, 2013
by
Hafez Panju
Private Green Space Views
Penthouse with 12’ Ceilings
514 9319 University Cr.
Priced at $330,000
Beautiful green space views from this spacious penthouse home with soaring 12’ ceilings. You will not be disappointed. This 2bed/2bath/838 sqft unit features an open concept plan, new laminate floors, SS appliances w/gas stove & a cozy gas fireplace. Excellent sized master w/nook, ensuite with soaker & walk-in closet & a well sized 2nd bed complete this home. Located in The Harmony, a rental and pet friendly, complex w/balance of a 2-5-10 yr warranty & recreation f...
Posted on
June 4, 2013
by
Hafez Panju
While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,882 on the Multiple Listing Service® (MLS®) in May 2013. This represents a one per cent increase compared to the 2,853 sales recorded in May 2012, and a 9.7 per cent increase compared to the 2,627 sales in April 2013.
Last month’s sales were 19.4 per cent below the 10-year sales average...
Posted on
May 14, 2013
by
Hafez Panju
Fabulous Outdoor Patio
Harmony at the Highlands
217 9319 University Cr, SFU
Priced at $314,800
Outdoor lover ALERT!!! Huge semi-private outdoor patio; perfect for gardeners & pet owners alike. Enjoy peaceful & serene water fountain sounds from this bright 2bed/2bath/835sqf. You will not be disappointed. Features: freshly painted throughout, open concept plan, SS apps w/gas stove, gas F/P & 1 parking. Excellent sized master w/nook, ensuite with soaker & walk-in closet & a well sized 2nd bed complete this home. Located in The Harmony, a rental & pet friendly complex...
|