Posted on
January 23, 2012
by
Hafez Panju
The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has now officially registered its first sale of 2012. A 3 bed, 2 bath, 2 level town home located in Serenity at 9229 University has sold for $438,000. Although the sale was posted to MLS this past week, the actual sale date was January 12, 2012.
As of today there are now 43 active listings on the Mountain with 3 new listings during the past week. Two of the new listings are pre-sale homes in Lift by Porte Development. The average list price is $442,614 or $49.89 per sqft. ...
Posted on
January 18, 2012
by
Hafez Panju
The real estate market in Simon Fraser University area, specifically UniverCity on Burnaby Mountain has seen an increase in activity since the beginning of the year. We are off to a great start. As I reported in my 2011 Year in Review post back on January 6, 2012, inventory levels were low at the time. Of the approximately 1350 resale units in UniverCity, as of Jan 6, 2012 there were only 31 active listings or approximately 2.3% of resale units for sale.
Fast forward one week or rather 11 days and we now see 40 active listings. Although still low at only 2.9% of resale...
Posted on
January 17, 2012
by
Hafez Panju
The Harmony
508 939 University Cr.
Corner Penthouse with 12' Ceilings
Open House Jan 22 from 2:00 to 4:00
Stunning SW views from this bright & spacious corner penthouse home; one of the best units in the complex! Features: soaring 12' ceilings, laminate floors throughout, stainless appliances, updated cabinets & bonus 2 parking stalls & locker.Excellent sized master w/nook, large ensuite with soaker & walk-in closet. Second bedroom is well sized & offers lots of light & views. Located in The Harmony, a rental and pet friendly complex w/balance of a 2-5-10...
Posted on
January 17, 2012
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 outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign debt crisis in Europe has intensified, conditions in international financial markets have tightened and risk aversion has risen. The recession in Europe is now expected to be deeper and longer than the Bank had anticipated in...
Posted on
January 16, 2012
by
Hafez Panju
Vancouver, BC – January 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC climbed 14.3 per cent to $43.1 billion in 2011. A total of 76,817 homes were sold in BC in 2011, up 2.9 per cent from 2010. The average annual MLS® residential price climbed 11.1 per cent to $561,026 over the same period.
"Low mortgage interest rates and gradually improving economic conditions contributed to a moderate increase in consumer demand last year," said Cameron Muir, BCREA Chief Economist. "BC home sales...
Posted on
January 12, 2012
by
Hafez Panju
Fabulous Outdoor Patio
Harmony at The Highlands
Burnaby, BC
UniverCity SFU
Open House Saturday Jan 14 from 1:00 to 3:00
Outdoor lover ALERT!!! Huge semi-private outdoor patio with direct access to your suite; perfect for gardeners & pet owners alike. This 2bed/2bath/837sqft home shows very well. Features: laminate flooring throughout, open concept plan, SSapps w/gas stove, gas F/P & bonus storage locker. Excellent sized master w/nook, ensuite with soaker & walk-in closet & a well sized 2nd bed complete this home. Located in The Harmony,...
Posted on
January 12, 2012
by
Hafez Panju
Burnaby's future?: A gondola such as this could be transporting students up Burnaby Mountain to SFU in years to come.
 Photograph by: Contributed, BURNABY NOW
METRO VANCOUVER - A gondola up Burnaby Mountain Simon Fraser University would save time but it would be more expensive to run than the buses now using the route.
A business case study, conducted for TransLink, shows that despite the benefits of running a cable car from Production Way station to the top of the mountain, the cost to build and operate a gondola would be about $12 million higher than continuing to serve the route by bus over the...
Posted on
January 9, 2012
by
Hafez Panju
Happy New Year! I wish you and your families a healthy and prosperous 2012.
Another year has come and gone and what a year it is has been. Specifically with respect to Real Estate, the Lower Mainland experienced a flurry of activity and price growth some areas saw double digit increases in the first half of 2011. According to the Real Estate Board of Greater Vancouver (“REBGV”) the Housing Price Index (“HPI”) hit a peak in June 2011 of $630,921. The HPI then slid a total of 1.5% from June 2011 to December 2011 to end the year at $621,674. A total increase of 7.6%...
Posted on
January 5, 2012
by
Hafez Panju
The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.
...
Posted on
January 3, 2012
by
Hafez Panju
“Failure is not an option…….”
For Hafez Panju this adage has a particular meaning. He understands that kidney patients face failure every day and he is committed to helping make a difference in the lives of persons living with kidney disease. Since 2005 Hafez has been a generous supporter of The Kidney Foundation of Canada donating a percentage of his sales commissions to the BC Branch. 2011 was no exception as Hafez generously donated over $1,700 to help support lifesaving programs for kidney patients in BC bringing his combined total of contributions to over $5,200! I guess you...
Posted on
December 16, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province remained relatively unchanged in November compared to the same month last year. A total of 5,640 units were sold last month compared to 5,647 units in November 2010. The average MLS® residential price was up 1.1 per cent to $529,140 in November compared to the same month last year.
"BC home sales continued to gain ground in November,” said Cameron Muir, BCREA Chief Economist. “After waning during the first half of the year, consumer demand has steadily...
Posted on
December 16, 2011
by
Hafez Panju
If you have not already heard, Porte Development has announced a second project for the SFU UniverCity area atop Burnaby Mountain. Pre-Sales are now anticipated sometime around the middle of February 2012.
Lift will be a wood frame building comprising of approximately 50 homes. Building technologies and environmental features should be similar to Origin. I recently had the pleasure of meeting with Jeanette Chaput and Kellie Lawson of Porte Development to learn more about this exciting project.
LIFT will offer something for everyone. Porte has plans for...
Posted on
December 12, 2011
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.
Uncertainty around the global economic outlook has increased in the weeks since the Bank released its October Monetary Policy Report (MPR). Conditions in global financial markets have deteriorated as the sovereign debt crisis in Europe has deepened. Additional measures will be required to contain the European crisis. The recession in Europe is now expected to be more pronounced than...
Posted on
December 5, 2011
by
Hafez Panju
The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.
Looking back further, last month’s residential sales total is 5.8 per cent below the ten-year...
Posted on
November 18, 2011
by
Hafez Panju
Fabulous Outdoor Patio
313 9319 University Cr.
Burnaby, BC
UniverCity SFU
Outdoor lover ALERT!!! Huge semi-private outdoor patio with direct access to your suite; perfect for gardeners & pet owners alike. This 2bed/2bath/837sqft home shows very well. Features: laminate flooring throughout, open concept plan, SSapps w/gas stove, gas F/P & bonus storage locker. 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, w/balance of a 2-5-10 yr warranty &...
Posted on
November 14, 2011
by
Hafez Panju
Updated Townhome with Fenced Yard
10 9229 University Cr.
Burnaby, BC
SFU, UniverCity
Stunning townhome complete with your own attached garage! This 3bed/3bath/3lvl unit features engineered & tile flooring, granite counters, designers paints & your own private fenced yard. Don't miss this one! Main: living rm, dinning area,2pc bath & spacious kitchen w/SS apps, loads of counter/cupboard space & eating nook. Up: lrg master w/ensuite, 4pc bath, 2rms & laundry. Below: tandem garage w/plenty of storage. The Serenity complex is 5 yrs young, Polygon built, offers balance...
Posted on
November 14, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its 2011 Fourth Quarter Housing Forecast today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to rise 3.2 per cent from 74,640 units in 2010 to 77,000 units this year, increasing a further 3.9 per cent to 80,000 units in 2012.
“Low mortgage interest rates are expected to persist through 2012 keeping affordability on an even keel,” said Cameron Muir, BCREA Chief Economist. “However, headwinds on the economic front will constrain consumer demand over the next year to below the ten-year average of...
Posted on
November 2, 2011
by
Hafez Panju
With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second...
Posted on
November 1, 2011
by
Hafez Panju
Updated Townhome with Fenced Yard
10 9229 University Cr.
Burnaby, BC
SFU, UniverCity
Stunning townhome complete with your own attached garage! This 3bed/3bath/3lvl unit features engineered & tile flooring, granite counters, designers paints & your own private fenced yard. Don't miss this one! Main: living rm, dinning area,2pc bath & spacious kitchen w/SS apps, loads of counter/cupboard space & eating nook. Up: lrg master w/ensuite, 4pc bath, 2rms & laundry. Below: tandem garage w/plenty of storage. The Serenity complex is 5 yrs young, Polygon built, offers balance...
Posted on
October 28, 2011
by
Hafez Panju
Join me for an open house this Saturday Oct 29 from 1:00 to 3:00
Novo II
SFU UniverCity
803 9232 University
Burnaby
Stunning Sub-Penthouse! Breathtaking 180degree views of lush forests, mountain tops, water courses & City lights from a private 1100sqft rooftop deck. This 1000sqft, 2bed+den, 2bath home shows very well & is in excellent condition; a mustsee. Located in Novo II, a concrete building found in UniverCity; Vancouver's premier lifestyle neighborhood. Features: bright, open layout, SS apps, granite counters throughout, breakfast bar, spacious master w/3pc ensuite, excellent...
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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.