Posted on
April 29, 2013
by
Hafez Panju
We had the chance to speak with Hafez Panju of Royal LePage Coronation West and he shared with us some great tips on what to consider about the market when you’re purchasing your home as well as his thoughts on UniverCity.
Q: We can see from your blog that you closely follow news about the Vancouver housing market. What do you tell clients who watch the market and decide to delay purchasing a home?
Hafez Panju (HP): The real estate market in Vancouver has gone through many changes over the course of the past couple of years. Sales have trended downwards and prices have also decreased,...
Posted on
April 29, 2013
by
Hafez Panju
Vancouver’s housing market may depend on the strength of China’s economy as much as anything that happens in Canada.
The CHART OF THE DAY shows the relationship between growth in China’s gross domestic product and home prices in metropolitan Vancouver, Canada’s most expensive city, where Statistics Canada data show 15 percent of the population has a first language that’s a Chinese dialect.
Bank of Canada Governor Mark Carney has warned that indebted domestic consumers are a risk to the world’s 11th largest economy, and Finance Minister Jim Flaherty tightened mortgage...
Posted on
April 15, 2013
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 5,661 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during March, up 6.6 per cent from February on a seasonally adjusted basis, but down 17.7 per cent compared to March 2012. Total sales dollar volume
"BC home sales in March posted the largest seasonally adjusted month-to-month increase since January 2011,” said Cameron Muir, BCREA Chief Economist. “However, homes sale per capita continue to remain near a cyclical low, suggesting that pent-up demand may...
Posted on
April 3, 2013
by
Hafez Panju
Courtesy of UniverCity and the SFU Community Trust.
http://univercity.ca/community/univercity-real-estate-investing/
Many homebuyers are discovering that UniverCity is an attractive and complete community, but how does its investment potential stack up against other neighbourhoods in Metro Vancouver?
An analysis prepared by Urban Analytics Inc (UAI), an independent consulting firm, answers this question, finding that UniverCity is Metro Vancouver’s best-kept secret for real estate investing.
In a report released this January, UAI looked at the financial factors that make for a good real...
Posted on
April 3, 2013
by
Hafez Panju
Join us at an Open House Saturday April 6 from 1:30 to 3:00
Beautiful Views
Spacious Layout
Clean & Move-in Condition
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 appliances, quartz...
Posted on
April 3, 2013
by
Hafez Panju
Join us for an open house on Saturday April 6 from 1:30 to 3:30
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 &...
Posted on
April 3, 2013
by
Hafez Panju
Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,347 on the Multiple Listing Service® (MLS®) in March 2013. This represents an 18.3 per cent decrease compared to the 2,874 sales recorded in March 2012, and a 30.6 per cent increase compared to the 1,797 sales in February 2013.
Last month’s sales were the second lowest March total in the region since 2001 and 30.2...
