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Posted on
November 30, 2021
by
Hafez Panju
The BCREA Commercial Leading Indicator (CLI) fell from 155.4 to 150.9 in the third quarter of 2021,representing the first decline since the economy began recovering from the COVID-19-induced recession.Compared to the same time last year, the index was up by 9 per cent.
It is important to note that while the economy generally continues recovering strongly, we are still in a very abnormal and uncertain environment for commercial real estate. Therefore, the strong economic and employment growth we have seen in previous quarters may not translate...
Posted on
November 23, 2021
by
Hafez Panju
A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.
In a speech to conference held by the Ontario Securities Commission, deputy governor Paul Beaudry says unprecedented federal aid and restrictions that limited where consumers could spend helped bolster the finances of Canadian households during the pandemic.
But now he says that vulnerabilities linked to elevated household debt appear to be on the rise again after a slight pause.
"A key concern here is that financially stretched households...
Posted on
November 15, 2021
by
Hafez Panju
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales have already set a new annual record in 2021.
Highlights:
- National home sales rose 8.6% on a month-over-month basis in October.
- Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis.
- The number of newly listed properties climbed by 3.2% from September to October.
- The MLS® Home Price Index (MLS® HPI) rose 2.7% month-over-month and was up 23.4% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted an 18.2% year-over-year...
Posted on
November 15, 2021
by
Hafez Panju
Bright and Spacious
Updates Throughout
2 bed, 2 bath, 1124sqft
Priced at $624,800
Click here for more...
FINALLY! The search is over. Welcome to this bright, spacious and updated corner/end unit home with plenty of windows and natural light. Conveniently located w/street access in Serenity, a pet & rental friendly SFU, UniverCity townhome complex. This 2bed/2bath/1124sqft., home features: an open layout, fresh paint, quality wood flooring, crown moldings, over height ceilings, no-cord privacy blinds, cozy F/P, cute patio, tree/mountain views & much more. Enjoy the large kitchen w/SS apps,...
Posted on
November 12, 2021
by
Hafez Panju
Congrats to all the realtors who made the October's Top 10! To my clients, friends and family, THANK YOU for trusting me to do what I do.
Posted on
November 9, 2021
by
Hafez Panju
Bright and Spacious
Updates Throughout
2 bed, 2 bath, 1124sqft
Priced at $624,800
Click here for more...
FINALLY! The search is over. Welcome to this bright, spacious and updated corner/end unit home with plenty of windows and natural light. Conveniently located w/street access in Serenity, a pet & rental friendly SFU, UniverCity townhome complex. This 2bed/2bath/1124sqft+ home features: an open layout, fresh paint, quality wood flooring, crown moldings, over height ceilings, no-cord privacy blinds, cozy F/P, cute patio, tree/mountain views & much more. Enjoy the large kitchen w/SS...
Posted on
November 2, 2021
by
Hafez Panju
Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in October 2020, and an 11 per cent increase from the 3,149 homes sold in September 2021.
Last month’s sales were 22.4 per cent above the 10-year October sales average.
“Home sale activity continues to outpace what’s typical for...
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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.