Posted on
February 18, 2013
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 3,410 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during January, up 1.8 per cent from December on a seasonally adjusted (SA) basis, but down 13.6 per cent compared to January 2012. Similarly, total sales volume increased 3.8 per cent SA, but declined 16 per cent from the same month last year. The average MLS® residential price in the province was $514,134, up 3.2 percent from December, however, down 2.7 per cent from a year ago.
"Despite a modest uptick in consumer...
Posted on
February 4, 2013
by
Hafez Panju
Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012, and an 18.3 per cent increase compared to the 1,142 sales in December 2012.
Last month’s sales were the second lowest January total...
Posted on
January 31, 2013
by
Hafez Panju
Vancouver, BC – January 30, 2013. The British Columbia Real Estate Association (BCREA) released
its 2013 First Quarter Housing Forecast Update today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5.6 per cent to 71,450 units this year, before increasing a further 6.1 per cent to 75,830 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.
“2013 is shaping up to be a transition year in the BC...
Posted on
January 29, 2013
by
Hafez Panju
Bright and Spacious
Shows Well
2 Bed, 2 Bath, 2 Level, 1086 SqFt
Prices at $412,800
Open House Feb 2 from 1:00 to 3:00
123 9229 University
Burnaby, BC
Simon Fraser University, UniverCity
Detached style living with strata convenience! This extremely bright 2level/2bed/2full bath home is in great condition & shows very well. You will not be disappointed. Features: open layout, excellent room separation, large kitchen w/eating area & SS apps & your own patio. The spacious master has 3pc ensuite & tons of closet space & 2nd bed is excellent sized. The Serenity complex...
Posted on
January 28, 2013
by
Hafez Panju
The Bank of Canada announced on January 23rd, 2013 that it is keeping its key policy interest rate at 1 per cent, where it has been held for more than two years. In providing guidance on where interest rates are heading, the Bank said interest rate hikes are “less imminent than previously anticipated.”
The Bank acknowledged that Canadian economic growth slowed more abruptly in the second half of 2012 than it had previously anticipated. It also recognized a marked deceleration in the growth of household debt, moderation in the housing sector, and softer than expected inflation.
The Bank...
Posted on
January 21, 2013
by
Hafez Panju
16' Soaring Ceilings
1459 sqft, 2 Level, 3 Bed & 3 Bath Condo
Priced at $574,979
Open House: Jan 26 from 1:00 to 3:00
10 9320 Universt Cr.
Burnaby, BC
Simon Fraser Univeristy, UniverCity
Rarely available! A stunning home w/bouns self-contained studio/flex space; perfect for home/office or suppplement income. This 1459 sqft, 3 bed/3 bath/2 level unit located in prestigious One University Cr. shows very well & is in excellent condition. Features; East/West exposure, open concept plan, soaring 16' living & bedroom ceilings, spacious kitchen w/quartz counters & stainless...
Posted on
January 14, 2013
by
Hafez Panju
South Facing
Concrete Town Home
Priced at $438,800
Open: Jan 19 1:00 - 3:00
110 9009 Cornerstone Mews
Burnaby, BC
SFU, Simon Fraser Univesity, UniverCity
Unique and rarely available town home conveniently located in the heart of UniverCity! Steps to shopping, transit, SFU campus & all this area has to offer. This south facing 2level/2bed/2full bath home is in great condition & shows very well. Features: hardwood floors, open layout, euro-inspired kitchen, large windows, tons of storage, separate locker & a fabulous patio space. Top floor offers a...
Posted on
January 14, 2013
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 67,637 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during 2012, a decline of 11.8 per cent compared to 2011. Total sales dollar volume declined 19.1 per cent to $34.8 billion over the same period. The annual average MLS® residential price in the province was $514,836 in 2012, down 8.3 per cent from 2011.
“A notable pullback in consumer demand in Vancouver and the Fraser Valley during 2012 was more than enough to offset&nbs...
Posted on
January 14, 2013
by
Hafez Panju
The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2012 reached 25,032, a 22.7 per cent decline from the 32,387 sales recorded in 2011, and an 18.2 per cent decrease from the 30,595 residential sales in 2010. Last year’s home sale total was 25.7 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.
The number...
Posted on
December 4, 2012
by
Hafez Panju
Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.
...
Posted on
November 27, 2012
by
Hafez Panju
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Consumers have a new tool to help navigate the complexities and financial implications of purchasing a home. Earlier today, The Canadian Real Estate Association (CREA), and the Financial Consumer Agency of Canada (FCAC) launched the Homebuyers’ Road Map. The Road Map is available on CREA’s website at crea.ca.
In a recent Nanos Research survey1 for CREA, more than 63% of Canadians indicated a “major need” for more information about the financial details of buying a home. That figure rose to 70% for respondents between the ages of 18 and 29.
“As REALTORS®, we appreciate that young Canadians and first-time homebuyers are craving more information about the financial details required to purchase a home. The purpose of the Homebuyers’ Road Map is to empower consumers with the knowledge, skills and confidence to make responsible financial decisions about one of the largest purchases they will ever make,” said Gary Simonsen, CREA’s CEO. “We’re proud to have collaborated with the Financial Consumer Agency of Canada to develop this guide.”
Launched to coincide with Financial Literacy Month, the Homebuyers’ Road Map is a guide which will help Canadians better understand the home buying process as well as appreciate the importance of negotiating with lenders and researching government programs.
“Helping Canadians plan for the future, make sound decisions and ensure the financial security of their loved ones are essential in this increasingly complex world,” said Shelly Glover, Parliamentary Secretary to the Minister of Finance.
“Buying a home involves a number of steps and many buyers need some help in understanding the various options available. In order to make the decision that matches their own circumstances and goals, consumers need some money know-how — which is what financial literacy really is,” added Ursula Menke, Commissioner of the Financial Consumer Agency of Canada (FCAC). “This guide will help people make the right decision, and adds to the information on mortgages, loans and banking available on our website, itpaystoknow.gc.ca.”
To access the Homebuyers’ Road Map, and to find out how a REALTOR® can help, please visit crea.ca and click the Buying or Selling? tab.
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ABOUT CREA
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 106,000 REALTORS® working through more than 100 real estate Boards and Associations.
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Posted on
November 25, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 14.6 per cent to $2.7 billion in October compared to the same month last year. A total of 5,276 MLS® residential unit sales were recorded over the same period, down 10 per cent from October 2011. The average MLS® residential price was $508,292, down 5.1 per cent from a year ago.
"While consumer demand was stronger in October on a provincial basis, home sales continue to trend below last year’s level,” said Cameron...
Posted on
November 2, 2012
by
Hafez Panju
Harmony at the Highlands
JUST SOLD
108 9329 University
Beautiful private garden setting facing the greenbelt in HARMONY by Polygon. Very spacious patio, bright rooms, openconcept. 2 bedrooms and 2 bathrooms on opposite sides of the suite for privacy, in-suite laundry, gas stove, gas fireplace,beautiful cork floors throughout the suite. 5 minute walk to Simon Fraser University Campus. Bus and shopping only a fewsteps away. Pets and rentals allowed with some restrictions.
Posted on
November 2, 2012
by
Hafez Panju
The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.
The Real Estate Board of Greater Vancouver (REBGV) reported 1,931 residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) in October, a 16.7 per cent decline compared to the 2,317...
Posted on
October 16, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 28.5 per cent to $2.2 billion in September compared to the same month last year. A total of 4,539 MLS® residential unit sales were recorded over the same period, down 24.3 per cent from September 2011. The average MLS® residential price was $494,213, down 5.6 per cent from a year ago.
“Stricter high-ratio mortgage regulation further exacerbated a moderating trend in consumer...
Posted on
October 9, 2012
by
Hafez Panju
The Vancouver Real Estate market is changing once again. It seems that not a day goes by that the media is not reporting something about real estate in Vancouver. As typical of media, fear sells! However, the statistics do not lie. We are in a changing market. Sales are off considerably in Vancouver since this time last year and although only marginally prices are lower also. Is the sky falling, clearly it is not. But from both a Buyers’ & Sellers’ perspective it is important to be mindful of market forces. Reality is the market has...
Posted on
October 2, 2012
by
Hafez Panju
The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012.
September sales were 41.6 per cent below the 10-year September sales average of 2,597.
“There’s been a clear reduction in buyer demand in...
Posted on
September 18, 2012
by
Hafez Panju
Beautiful Views
Spacious Layout
Clean & Move-in Condition
Open House: Saturday September 22 from 12:00 to 2:00
300 9300 University Cr.
Burnaby, BC
SFU, UniverCity
Bright, spacious & extremely clean! This 3bed/2bath/1285sqft luxury concrete home, located in One University Cr., offers an excellent spacious layout, shows like new & is surrounded by beautiful nature trails. Features: East/West exposurewith large covered balcony offering City & lush forest views, rich hardwood floors, 9' ceilings throughout, good size closets in all 3 rooms, open kitchen with SS ...
Posted on
September 18, 2012
by
Hafez Panju
Unique 2 Level Condo with Rentable Suite
Prestigious One University Cresent
Open House Saturaday September 22 from 2:00 to 4:00
100 9320 University Cr.
Burnaby, BC
SFU, UniverCity
Rarely available! A stunning home w/bonus self-contained studio/flex space; perfect for home/office or supplemental income. This 1459sqft, 3bed/3bath/2level unit located in prestigious One University Cr. shows very well & is in excellentcondition. Features: East/West exposure, open concept plan, soaring 16' living & bedroom ceilings, spacious kitchen w/quartz counters & stainless apps, a cozy F/P &...
Posted on
September 17, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 25.4 per cent to $2.6 billion in August compared to the same month last year. A total of 5,337 MLS® residential unit sales were recorded over the same period, down 17.9 per cent from August 2011. The average MLS® residential price was $491,145, 9.0 per cent lower than a year ago.
"Consumer demand continued to trend lower in August," said Cameron Muir, BCREA Chief Economist. "Tighter mortgage credit conditions introduced...
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.