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Posted on
September 17, 2024
by
Hafez Panju
September 16, 2024 - Ottawa, Ontario - Department of Finance Canada
Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, new mortgage rules came into effect on August 1, 2024, allowing 30 year insured mortgage amortizations for first-time homebuyers purchasing new builds.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a suite of reforms to mortgage rules to make mortgages...
Posted on
September 13, 2024
by
Hafez Panju
Vancouver, BC – September 11, 2024. The British Columbia Real Estate Association (BCREA) reports that 5,943 residential unit sales were recorded in Multiple Listing Service® (MLS® ) systems in August 2024, a 10 per cent decrease from August 2023. The average MLS® residential price in BC in August 2024 was down 1.7 per cent at $938,500 compared to an average price of $955,063 in August 2023.
The total sales dollar volume was $5.6 billion, an 11.5 per cent decline from the same time the previous year. BC MLS® unit sales were 22 per cent lower than the ten-year average for August....
Posted on
September 6, 2024
by
Hafez Panju
VANCOUVER, BC – September 4, 2024 – Home sales registered on the MLS® in Metro Vancouver1 remained below their ten-year seasonal averages in August as summer holidays come to a close.
Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales recorded in August 2023. This total was also 26 per cent below the 10-year seasonal average (2,572).
“From a seasonal perspective, August is typically a slower month for sales than June or July. In this respect, this August has...
Posted on
September 3, 2024
by
Hafez Panju
Open House: Saturday & Sunday, September 7th & 8th, from 2-4pm
Loft Style Home
1 Bed, 1 Bath, 756sqft
Priced at $498,800
Click here for more...
Stunning! Just one way to describe this south facing loft style home with amazing natural light. Welcome to UniverCity at SFU, Vancouver's premier lifestyle neighborhood. Enjoy the peace & tranquility this area has to offer. This 1 bed, 1 bath, 756sqft home will not disappoint. Features: 17'+ ceilings, an abundance of windows, quality flooring, open layout, SS appls, plenty of cupboard & counter space, spacious living & dinning areas....
Posted on
September 3, 2024
by
Hafez Panju
Bright & Open Layout
1 Bed + Den, 1 Bath, 629sqft
Priced at $478,800
Click here for more...
Enjoy the peace & tranquility this area has to offer. Welcome to UniverCity at SFU, Vancouver premier lifestyle neighborhood. This 1 bed & den, 1 bath 629sqft home, located in Novo I; a concrete, rental and pet friendly building will not disappoint. Perfect for investors, first time buyers, students & everyone else in between. Features: an abundance of natural light, an open layout, granite counters, SS appliances, laminate floors, well sized balcony. The bedroom has plenty of closet space...
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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.