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Posted on
August 31, 2018
by
Hafez Panju
Lush Forest Backdrop
2 bed & Den Concrete Home
Priced at $634,800
Click here for more info...
Beautiful greenbelt views. This 2bed+den/2bath/1097sqft corner unit has a spacious layout; perfect for an owner occupier or the discerning investor. Located in Novo I, UniverCity at SFU; Vancouver's premier lifestyle neighborhood. Features: freshly painted, quality floors, granite counters, SS apps, breakfast bar, lots of windows, covered balcony & cozy F/P. The master has tons of closet space & 3 pc ensuite, the 2nd bed is well sized & the large den w/French doors & windows easily fits...
Posted on
August 27, 2018
by
Hafez Panju
An Angus Reid survey has found the majority of people in Metro Vancouver want to see housing prices come down.
A majority of Metro Vancouver residents would welcome a drop in real estate prices in the region, according to a new poll.
The Angus Reid survey, released Monday, found that 62 per cent of those polled wanted to see prices fall. Of that group, 26 per cent wanted prices to fall by about 10 per cent, while 36 per cent wanted a price drop of 30 per cent or more.
According to the survey’s overview, “perhaps the most counter-intuitive finding for outsiders” was the s...
Posted on
August 25, 2018
by
Hafez Panju
New listings were down in more than half of all local markets, led by Calgary, Edmonton and Greater Vancouver
Actual sales (not seasonally adjusted) on Canadian MLS Systems were down 1.3 percent in July 2018 from July last year, says the monthly report from the Canadian Real Estate Association (CREA).
This reflects fewer sales in major urban centres in British Columbia and an offsetting improvement in activity in the GTA.
“This year’s new stress test on mortgage applicants continues to weigh on home sales, but its effect may be starting to fade slightly in Toronto and nearby markets,...
Posted on
August 23, 2018
by
Hafez Panju
Tides have turned for Greater Vancouver and Fraser Valley, finds study
Once Canada’s most fiercely competitive real estate market and famed for its bidding wars, Greater Vancouver is now the second-least competitive housing market in the country, according to a new study by real estate website Zoocasa.
In its analysis of nationwide listings and sales data, Zoocasa found that, of the major real estate markets, only Newfoundland and Labrador was in a true buyer’s market, followed by Greater Vancouver and the Fraser Valley.
The website used sales-to-new-listings ratios to determine...
Posted on
August 20, 2018
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) released its 2018 Third Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to 82,000 units this year, after recording 103,768 residential sales in 2017. MLS® residential sales are forecast to increase 8 per cent to 88,700 units in 2019. The 10-year average for MLS® residential sales in the province is 84,800 units.
“The BC housing market is grappling with a sharp decline in affordability caused by tough B20 stress test rules...
Posted on
August 15, 2018
by
Hafez Panju
Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from June to July 2018.
Highlights:
- National home sales rose 1.9% from June to July.
- Actual (not seasonally adjusted) activity was down 1.3% from July 2017.
- The number of newly listed homes edged down 1.2% from June to July.
- The MLS® Home Price Index (HPI) in July was up 2.1% year-over-year (y-o-y).
- The national average sale price edged up 1% y-o-y.
National home sales via Canadian MLS® Systems rose 1.9% in July 2018, building on increases in each of the two previous months but still...
Posted on
August 13, 2018
by
Hafez Panju
Lush Forest Backdrop
2 bed & Den Concrete Home
Open House Aug 18 from 1:00 to 3:00
Priced at $634,800
click here for more info...
Beautiful greenbelt views. This 2bed+den/2bath/1097sqft corner unit has a spacious layout; perfect for an owner occupier or the discerning investor. Located in Novo I, UniverCity at SFU; Vancouver's premier lifestyle neighborhood. Features: freshly painted, quality floors, granite counters, SS apps, breakfast bar, lots of windows, covered balcony & cozy F/P. The master has tons of closet space & 3 pc ensuite, the 2nd bed is well sized & the large...
Posted on
August 13, 2018
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last year. The average MLS® residential price in BC was $695,990, down 0.4 per cent from July 2017. Total sales dollar volume was $4.9 billion, a 24.2 per cent decline from July 2017.
“The BC housing market continues to grapple with the sharp decline in affordability caused by tough new mortgage qualification rules,” said Cameron Muir, BCREA...
Posted on
August 7, 2018
by
Hafez Panju
Gorgeous Endless Views
3 bed, 2 bath, 1427sqft
Priced at $974,800
Open: Aug 11 from 2 to 4
click here for more info...
Stunning 270 degrees Mountain & Water views. Gorgeous & rare, SW facing 3bed/2bath/1427sqft home with 223sqft partially covered balcony, won't disappoint. Located in Aurora, of UniverCity at SFU, Vancouver's premier lifestyle neighborhood. Features: functional layout, 9' ceilings, expansive windows, tons of light, large kitchen w/loads of cupboard space, granite counters, gas stove & island w/breakfast bar. The master has walk-in closet & ensuite w/dble sinks &...
Posted on
August 1, 2018
by
Hafez Panju
July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold. Last month’s sales were 29.3 per cent below the 10-year July sales average.
“With fewer buyers active in today’s market, we’re seeing less upward pressure on home prices across...
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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.