Posted on
September 5, 2012
by
Hafez Panju
Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.
August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711.
“Home sales this summer have been lower than...
Posted on
September 5, 2012
by
Hafez Panju
The Bank of Canada kept its key policy rate at 1 per cent on September 5th, 2012, where it has been held steady for two years. This marks the longest period since the 1950s that rates have been left unchanged.
The text accompanying the announcement was little changed from the July statement. This includes the bottom line that the Bank would still like its next move to be a rate hike, but that the timing and degree and any such decision would depend on whether global and domestic trends play out as expected in the months ahead.
Although the Bank expects the economic outlook to brighten, it identified...
Posted on
September 5, 2012
by
Hafez Panju
A large bubble of people in their prime home-buying years, coupled with an influx of immigrants, is poised to support Canada's housing market for the next decade, a major bank economist said Thursday.
Benjamin Tal of CIBC put out a report on Thursday in which he argued that Canada's population demographics are working in favour of the country's housing market.
Canada is facing a well-documented demographic pinch over the coming years, as Baby Boomers retire and seek to cash out their homes to finance their retirement. Experts have gotten increasingly concerned on the impact this boomer...
Posted on
September 5, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its 2012 Third Quarter Housing Forecast Update today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to edge down 4 per cent to 73,400 units this year, before increasing 7.5 per cent to 78,900 units in 2013. Since 2009, MLS® residential sales in BC have ranged between 74,000 to 78,000 units. A record 106,300 MLS® residential sales were recorded in 2005.
"Despite more robust consumer demand in the Interior, fewer home sales in Vancouver will pull the BC total lower this year," said Cameron Muir, BCREA...
Posted on
August 2, 2012
by
Hafez Panju
Residential property sales in Greater Vancouver remained at a 10-year low in July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.
The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales of detached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales in July 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales.
July sales were the lowest total for that month in the region since 2000. They...
Posted on
July 16, 2012
by
Hafez Panju
Exceptional Condition
Beautiful Courtyard View
Priced at $356,000
316 9339 University Cr.
Burnaby, BC
SFU, UniverCity
Enjoy peaceful sounds & serene fountain views! This pristine 2bed/2bath, 924sqft home offers a spacious layout, new carpets throughout, fresh paint & shows very well. Features: excellent room separation, open concept plan, stainless appliances, gas fireplace & large covered balcony. The excellent sized master has walk-in closet & ensuite. The second bedroom is well sized with plenty of closet space. Located in The Harmony, a rental and pet friendly,...
Posted on
July 12, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that during the first half of 2012, BC residential sales dollar volume declined 17.1 per cent to $20.4 billion, compared to the same period last year. Residential unit sales dipped 9 per cent to 38,312 units, while the average Multiple Listing Service® (MLS®) residential price was 8.9 per cent lower at $533,681.
“The pace of home sales slowed during the first half of the year, ” said Cameron Muir, BCREA Chief Economist. “However, the downturn is likely to be temporary as population growth, persistently low mortgage rates and encouraging...
Posted on
July 5, 2012
by
Hafez Panju
Bright and Spacious
1 Parking & Locker
$324,800
206 9188 University Cr.
Burnaby, BC
SFU, UniverCity
Awesome! Possibly one of the largest one bedroom units you have ever seen! This extremely spacious 1 bedroom & den, 816sqft home features an open spacious layout, large kitchen space with granite counters, stainless appliances, plenty ofcupboard/counter space, fireplace, floor to ceiling windows and a large covered balcony. Bonus: 1 parking & locker. Located in Altaire, Polygon built, offering balance of 2-5-10 warranty & fully equipped exercise room. Close to: transit,...
Posted on
July 4, 2012
by
Hafez Panju
The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.
June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June sales average of 3,484.
...
Posted on
July 4, 2012
by
Hafez Panju
Spacious Layout
Priced at $358,800
305 9319 University Cr.
Burnaby, BC
SFU, UniverCity
Bright and spacious SE facing condo located in a City within a City! This 2bed/2bath, 963sqft home offers plenty of light, sky views & excellent room separation. Features: open concept layout, stainless appliances, gas fireplace & large covered balcony. The excellent sized master has walk-in closet & ensuite. The second bedroom is well sized with plenty of closet space. Located in The Harmony, a rental and pet friendly, complex w/balance of a 2-5-10 yr warranty & recreation facilities....
Posted on
July 3, 2012
by
Hafez Panju
Shows Like New
One University Crescent
Priced at $498,800
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 exposure with 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 appliances, quartz counters & lots of cupboard/counter space....
Posted on
June 26, 2012
by
Hafez Panju
Spacious Layout
105 9232 University Cr
Novo II
$338,800
Clean & Spacious! This South East facing, 2bed/2bath, 888sqft unit offers an open layout, excellent room separation & well sized second bed. Features: stainless apps, granite counters throughout, breakfast bar & lots of cupboard/counter/closet space. The large master has 3pc ensuite & walk-in closet. Enjoy BBQs on the covered oversized balcony. Novo II is a concrete rental & pet friendly building with the balance of 2-5-10 yr warranty & has a private gym & amenity room. Benefit from all UniverCity offers:...
Posted on
June 26, 2012
by
Hafez Panju
As part of the Government’s continuous efforts to strengthen Canada’s housing finance system, the Honourable Jim Flaherty, Minister of Finance, today announced further adjustments to the rules for government-backed insured mortgages.
“Our Government stands behind the efforts of hard-working Canadian families to save by investing in their homes and their future,” said Minister Flaherty. “The adjustments we are making today will help them realize their goals, build on the previous measures we have introduced to keep the housing market strong, and help to ensure households do not become ove...
Posted on
June 6, 2012
by
Hafez Panju
Rarely Available Condo with a Stuido Suite!
100 9320 University
Burnaby, SFU
Priced at $588,455
Open House: June 9 from 12:30 PM to 2:00 PM
Rarely available! A stunning home w/bonus self-contained studio/flex space; perfect for home/office or supplemental income. This 1459sqft, 2bed/3bath/2level 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 apps, a cozy F/P & large balcony with beautiful...
Posted on
June 6, 2012
by
Hafez Panju
The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Service® (MLS®) in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.
May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May...
Posted on
May 16, 2012
by
Hafez Panju
Open House
Saturday May 19 from 1:00 to 3:00
Altaire
807 9188 University
Buranby, SFU, UniverCity
Gorgeous home in excellent condition with breath-taking 180 degree views from Mount Baker to Downtown Vancouver to North Shore Mountains; what more could you ask for! This bright 2bed/2bath/879sqft unit features an open spacious layout, fireplace, floor to ceiling windows, a large balcony, granite counters, stainless apps & much more. The excellent sized master has walk-in, ensuite w/dual sinks & soaker tub. Bonus: 1 parking & locker. Located in Altaire, Polygon built, offering...
Posted on
May 16, 2012
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 12.5 per cent to $3.8 billion in April compared to the same month last year. A total of 7,058 MLS® residential unit sales were recorded over the same period, down 1.8 per cent from April 2011. The average MLS® residential price was $532,855, 10.9 per cent lower than a year ago.
"A ten per cent dip in Lower Mainland home sales offset a 14 per cent increase across the rest of the province,” said Cameron Muir, BCREA Chief Economist. “Kamloops,...
Posted on
May 3, 2012
by
Hafez Panju
www.liveatsimonfraser.com & Hafez Panju are proud to be sponsoring and supporting University Highlands Elementary School's second annual Green Community Carnival.
Come out for some fun! Games, Prizes, Eco-Activities and a whole lotta family fun!
Saturday May 5, 2012 from 10:30 AM to 3:30 AM
Oh and by the way, there will be pony rides too!!!
Posted on
May 3, 2012
by
Hafez Panju
Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service® (MLS®) in April 2012. This represents a 13.2 per cent decline compared to the 3,225 sales recorded in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012.
April sales were the...
Posted on
April 24, 2012
by
Hafez Panju
Rarely Available Condo with a Stuido Suite!
100 9320 University
Burnaby, SFU
Priced at $598,800
Open House: April 28 from 12:00 to 2:00
Rarely available! A stunning home w/bonus self-contained studio/flex space; perfect for home/office or supplemental income. This 1459sqft, 2bed/3bath/2level 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 apps, a cozy F/P & large balcony with beautiful...
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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.