Posted on
April 4, 2011
by
Hafez Panju
Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7 per cent increase compared to the 3,097 sales recorded in February 2011, an increase of 30.1 per cent compared to the 3,137 sales in March 2010 and an 80.1 per cent increase from...
Posted on
March 30, 2011
by
Hafez Panju
Simon Fraser University Market Stats for March 21, to March 27, 2011
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the past week there were a total of 7 new listings that came to market. This brings the total of active listings to 58 for an average list price of $433,571 or $470.77 per sq ft.
During the past week only one sale was registered through MLS. However, given how the MLS system operates, a sale could have firmed during the past week but the sale date could be during the previous week and therefore would not...
Posted on
March 23, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the past week there were a total of 7 new listings that came to market. This brings the total of active listings to 56 for an average list price of $416,250 or $456.20 per sq ft.
The total of active listings includes 7 listings located in Origin by Port Development, one of two new developments that went on pre-sale in late 2010. Given the activity that has been occurring in the SFU area, I would approximate that Origin would be very close to be being sold out.
Also included...
Posted on
March 23, 2011
by
Hafez Panju
UniverCity - Novo 1 - NOW SOLD!
#1 9298 University Cr, Burnaby, BC
Desirable green-space facing, ground floor end unit with large covered patio; perfect for year-round use. This 1 bed & den 694 sqft unit is in excellent condition, shows very well & offers an open layout. Located in Novo 1's South Toweron the quiet side, this complex offers balance of 2-5-10 year warranty, no rental restrictions & welcomes pets. Features: granite counters, breakfast bar, fireplace, plenty of cupboard/counter & close space. Close to: transit, shopping, indoor/outdoor rec & a host of perks...
Posted on
March 22, 2011
by
Hafez Panju
Open House: Join me this weekend on Saturday March 26 from 1:00 to 3:00
Shows very well & offers views of green space, mountain tops & city lights. You won’t be disappointed! This bright 2bed/2bath, 888sqft home has a spacious open layout & excellent rm separation. Novo II is a concrete building, has balance of 2-5-10 yr warranty allows rentals & pets. Features: SS apps, granite counters, breakfast bar & lots of cupboard/counter/closet space. The lrg master has 3pc ensuite & walk-in. Enjoy BBQs on the covered oversized balcony. Bonus: locker & parking. Benefit...
Posted on
March 16, 2011
by
Hafez Panju
Exciting times lie ahead for the SFU community as the third new development in less than 12 months prepares to launch their pre-sale campaign. Nest and Origin both launched in the latter half of 2010. It is expected that Liberty Homes will be launching late in the third quarter or early in the fourth quarter of 2011.
Liberty Homes has secured the desirable Lot 23 in the UniverCity area of Simon Fraser University. Lot 23 is located adjacent to the new child care center and on the corner of University Cr and Highland Ct. The location is desirable for a number of reasons...
Posted on
March 15, 2011
by
Hafez Panju
According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity in February 2011 ran close to the five-year average for the month, continuing a theme that has characterized the past four months.
Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards came in 5.9 per cent below levels reported last February. This marks the smallest year-over-year decline in nine months, and the fourth consecutive month in which sales activity was on par with the five-year...
Posted on
March 14, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 5 per cent in February from January 2011, on a seasonally adjusted basis. Compared to February of 2010, MLS® residential unit sales increased 8 per cent to 6,410 units. The average MLS® residential price rose 18 per cent to $587,571 in February compared to the same month last year.
"The surge in consumer demand in Metro Vancouver continues to propel the provincial statistics higher,” said Cameron Muir, BCREA Chief Economist. “Elevated sales activity...
Posted on
March 14, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, there are presently 53 active listings for an average list price of $471.35 per sq ft. Since the beginning of March 3 new listings have come to market and there has been one sale.
BCREA today announced that Vancouver leads the market in BC. Sales overall in the Province were up 5% in February 2011 compared to January 2011. The average MSL residential price has risen by 18% on a year over year bases. In Vancouver the average home price has climb more than 19% since February...
Posted on
March 3, 2011
by
Hafez Panju
Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside.
For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced the 10-year average in both categories. From a historical perspective, February’s 3,097 homes sales outpace the 2,742 home-sale average recorded in the region over the last ten years.
“We saw an increase in demand across our region last month as more buyers entered the market in...
Posted on
March 3, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, there are presently 52 active listings for an average list price of $424,837 or $469.12 per sq ft. The number of active listing represents less than 4% of resale inventory.
One sale was registered during this past week, with a cost per sqft at $458.16.
Over the past week the mountain received a considerable amount of snow but this has quickly washed away as temperatures have risen. We are now entering a solid spring market and buying activity will increase as it always has...
Posted on
March 1, 2011
by
Hafez Panju
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 economic recovery is proceeding broadly in line with the Bank’s projection in its January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing challenges associated with sovereign and bank balance sheets will limit the pace of the European recovery and are a significant...
Posted on
February 23, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its Housing Forecast for the first quarter of 2011 today.
BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 8 per cent from 74,640 units in 2010 to 80,900 units this year, and increase another 4 per cent to 83,950 units in 2012. “British Columbia housing markets are returning to normalcy after two years of volatility,” said Cameron Muir, BCREA Chief Economist. “Employment and population growth will fuel consumer demand over the next two years. However, higher mortgage interest rates and tighter credit...
Posted on
February 22, 2011
by
Hafez Panju
BY JEFF LEE, VANCOUVER SUN
For the fifth year in a row, Vancouver has been named the most livable city in the world.
Still riding an Olympic high from hosting the Vancouver 2010 Games, the city beat out Melbourne,Australia and Vienna, Austria as the place where people most choose to live.
Two other Canadian cities, Toronto and Calgary, also made the Economist Intelligence Unit’s top ten list at fourth and fifth respectively.
At the other end of the spectrum was Harare, Zimbabwe, once a beautiful city but after three decades of rule under Robert Mugabe is squalid....
Posted on
February 21, 2011
by
Hafez Panju
Proud to announe that we have successfully assisted another client to sell their home in the UniverCity area.
Novo II - UniverCity at Simon Fraser University
406 9232 University
Immaculate! Shows very well & offers views of green space, mountain tops & City Lights. You won't be disappointed. This bright 2 bed/2bath, 888 sqft home has a spacious open layout & excellent rm separation. Nova II is a concrete building& has balance of 2-5-10 yr warranty. Features: SS apps, granite counters, breakfast bar & lots of cupboard/counter/closet space. The lrg master has 3pc...
Posted on
February 16, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, activity on the mountain is heating up! This past week saw 3 new listings which brings the totally inventory level up to 44 active listings. This includes 4 units for sale in the Origin building by Port Development. The average list price for the area is $427,618 or $464.91 per square foot. Great to see that Sellers are confident and are bringing their properties market.
I can personally attest to the activity. During the open house on Feb 12 I held at 406 9232 University...
Posted on
February 14, 2011
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 7 per cent in January from December 2010, on a seasonally adjusted basis. Compared to January of last year, MLS® residential unit sales were down 10 per cent to 4,137 units. The average MLS® residential price rose 11.5 per cent to $548,183 in January compared to the same month last year.
"Consumer demand continues to normalize alongside overall economic conditions," said Cameron Muir, BCREA Chief Economist. "However, the pace of growth in home...
Posted on
February 9, 2011
by
Hafez Panju
By TRACY SHERLOCK, Vancouver
Ryan and Keith Beedie donated $22 million to Simon Fraser University's business school, marking the university's largest ever donation.
The donation is earmarked for the university's business school, which Ryan attended, and which will now be named the Beedie School of Business, SFU said in a news release.
Ryan earned his bachelor of business in 1991 at SFU, and his master of business administration in 1993 at the University of B.C. Following that, he joined his family's industrial real estate development firm The Beedie Group, SFU said in a news...
Posted on
February 9, 2011
by
Hafez Panju
According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, the first week of February saw 5 new listings come to market. This includes 406 9232 University which is a 2 bedroom and 2 bathroom 888 sqft unit located in Novo II which is in immaculate condition and shows very well.
Currently there are 45 active listings with the average list price of $424,184 which works out to an average cost per sqft of $463.25. MLS did not record any sales for the past week. However, given the number of times my phone rang for showing requests for my listings...
Posted on
February 8, 2011
by
Hafez Panju
Join me this weekend to check out this Immaculate 2 bed & 2 bath condo at UniverCity
Novo II - UniverCity at Simon Fraser University
Immaculate! Shows very well & offers views of green space, mountain tops & City Lights. You won't be disappointed. This bright 2 bed/2bath, 888 sqft home has a spacious open layout & excellent rm separation. Nova II is a concrete building& has balance of 2-5-10 yr warranty. Features: SS apps, granite counters, breakfast bar & lots of cupboard/counter/closet space. The lrg master has 3pc ensuite, walk-in & a view. Enjoy...
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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.