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Posted on
January 26, 2023
by
Hafez Panju
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.
Global inflation remains high and broad-based. Inflation is coming down in many countries, largely reflecting lower energy prices as well as improvements in global supply chains. In the United States and Europe, economies are slowing but proving more resilient than was expected at the time of the Bank’s October Monetary Policy Report (MPR). China’s abrupt lifting...
Posted on
January 20, 2023
by
Hafez Panju
Developed by Liberty Homes in the centre of SFU’s University community. Two big decent bedrooms with two bathroom condo. Huge balcony with a grand view of Mount Baker, Fraser River, Sea and Metro City. Heat pump and HRV system included. Southeast corner facing. This is a good opportunity for living and renting. Must See!!!
Listing Offered by: LeHomes Realty Premier
Posted on
January 11, 2023
by
Hafez Panju
Vancouver, BC – January 12, 2023. The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 per cent increase from $927,513 recorded the previous year. Total sales dollar volume was $80.6 billion, a 30.3 per cent decline from 2021.
"Last year could not match last year's record pace," said Brendon Ogmundson, Chief Economist. "While strong...
Posted on
January 9, 2023
by
Hafez Panju
Thankful & Grateful to all of my clients for not only the Trust & Support but for inspiring me in my work everyday. THANK YOU!
Posted on
January 4, 2023
by
Hafez Panju
After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes sold in 2020.
Last year’s sales total was 13.4 per cent below the 10-year sales average. “The headline story in our...
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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.
