February 23, 2011
Home Sales to Climb Eight Per Cent in 2011 and a Further Four Per Cent in 2012
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...
February 22, 2011
Vancouver remains world's most livable city: survey
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....
February 21, 2011
SOLD 98.7% of Asking in Under 2 Weeks!!!
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...
February 16, 2011
Simon Fraser University Market Stats for February 7 to February 13, 2011
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...
February 14, 2011
Housing Market Continues Normalization Trend
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...
February 9, 2011
SFU Recieves Largest Donatin Ever of $22 Million from Ryan & Keith Beedie
By TRACY SHERLOCK, Vancouver
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...
February 9, 2011
Simon Fraser University Market Stats for January 31, 2011 to February 6, 2011
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...
February 8, 2011
Open House - 406 9232 University - Feb 12 1:00 to 3:00
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...
February 2, 2011
Stability and regional ‘hot spots’ characterize January housing market
The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.
The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January.
“There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to region,” said Jake Moldowan, president of the Real Estate Board of Greater Vancouver...
February 1, 2011
Simon Fraser University Market Stats for January 24, 2011 to January 30, 2011
This week saw the second sale of the year to come through MLS in the Simon Fraser University area, specifically UniverCity of Burnaby North. One town home and now one condo have sold for an average sale price of $332,250. Market activity as expected is picking up.
Currently, there are 42 active listings in the SFU UniverCity area, 11 of which are located in the new development, Origin, by Port Development. The average asking price of all active condos not sits at $417,547. Selection of available properties has increased in the past few weeks and we are now seeing a...