One University Crescent-1188 SQ.FT., Stunning luxury 2 Bedroom & Den(could easily be a 3rd Bedroom) & 2 full bath unit will impress the most discerning of buyers. This is a 10+ unit with East -West orientation featuring 2 spacious Front and Back decks with spectacular view vistas from Port Moody to Mt. Baker. Fantastic layout with top of the lines finishes and fixtures. Living on SFU lands, you will have the privilege of accessing the intellectual, social, cultural and recreational diversity of one of Canada's finest Universities, with access to the university library, indoor pool and tennis...

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Vancouver/Shutterstock

As part of Budget 2018, which is also the BC NDP provincial government’s first, BC Minister of Finance Carole James announced a number of taxation changes on residential properties, which she said are meant to further address the housing crisis in BC.

See also

 

The first...

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Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell sharply in January 2018.

Highlights:

  • National home sales declined by 14.5% from December 2017 to January 2018.
  • Actual (not seasonally adjusted) activity was down 2.4% year-over-year (y-o-y) in January.
  • The number of newly listed homes plunged 21.6% from December 2017 to January 2018.
  • The MLS® Home Price Index (HPI) in January was up 7.7% y-o-y.
  • The national average sale price advanced by 2.3% y-o-y.

Home sales via Canadian MLS® Systems dropped sharply in January after having climbed to...

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The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in January, an increase of 18.3 per cent from the same period last year. The average MLS® residential price in BC was $721,477, up 16.2 per cent from the previous year. Total sales dollar volume was $3.83 billion, a 37.4 per cent increase from January 2017.



“BC home sales dipped 10 per cent from December to January, on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “New...

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Summary Findings:

•Our analysis indicates that the BC HOME Partnership program (HPP) contributed to an annualized increase of 0.55 per cent to the market price of an apartment and an increase of 0.57 per cent to the market price of a townhouse in Metro Vancouver over the first threequarters of 2017.

• The HPP either paid or approved a total 1,395 transactions as of September 2017. This represented 1.7 per cent of total BC home sales and 0.9 per cent of the dollar volume.

• Approximately one-third of the HPP paid or approved transactions occurred in Metro Vancouver, comprising 1.2...

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The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The national trend in housing starts held steady for a third consecutive month in January, remaining near the 10-year high set in December,” said Bob Dugan, CMHC’s chief economist. “This reflects higher starts of multi-unit dwellings in urban centres in recent months, which has...

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Canada Mortgage and Housing Corporation today released a new study – Examining Escalating House Prices in Large Canadian Metropolitan Centres. The analysis shows that strong economic and population growth, together with low mortgage rates, have been important drivers of house price growth in Canada. As well, it also shows that the supply response has been weaker in Toronto and Vancouver, than in other Canadian metropolitan areas.

The report looked at data from Toronto, Vancouver, Montreal, Calgary and Edmonton from 2010 to 2016. These cities show marked differences in the growth...

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The Unfair Vancouver Vacant Homes Tax Coalition describes its purpose in the name. The group is calling on the city to do something as the Feb. 2 deadline for the empty home tax declaration approaches. 

© THE CANADIAN PRESS IMAGES/Bayne Stanley

Rainer Borkenhagen says the group is made of members that are mostly retired and live across the country, but still own homes in Vancouver.

Borkenhagen himself lives in Gibsons, but owns a condo in Vancouver.

He said he tried to rent his condo once, but it turned out it was more practical to keep it and use it whenever his family needed it.

“We...

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Canada Mortgage and Housing Corporation (CMHC) has released the 2018 Prospective Home Buyer Survey (#PHBS2018). This survey, the first of its kind for CMHC, explores the dynamics of home buying intentions for three groups of future homebuyers, including First-Time Buyers, Previous Owners and Current Owners, and provides a comprehensive review of overall awareness and understanding of the home buying process.

“The Survey findings provide insights and valuable information for mortgage professionals about their future clients and their needs,” said Nathalie Fredette, Vice-President, Client...

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Attached and apartment homes are in demand across Metro Vancouver* while detached home buyers are facing less competition today.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 per cent decrease compared to December 2017 when 2,016 homes sold.

Last month’s sales were 7.1 per cent above the 10-year January sales average. By property type, detached sales were down 24.8 per cent from the 10-year January average, attached sales increased...

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Port Coquitlam Mayor Greg Moore is heading a coalition of cities urging the provincial and federal governments to work on affordable housing solutions. Arlen Redekop / PNG

VANCOUVER — Local politicians in British Columbia are calling for an overhaul of the housing system with significant tax and regulatory changes in order to bring skyrocketing real estate and rental prices back to a level local residents can afford.

The Union of B.C. Municipalities has issued a report containing 32 recommendations for provincial and federal governments based on research and best practices from across Canada...

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While improving conditions were noted in both Winnipeg and Saskatoon, Canada’s housing markets remain highly vulnerable overall for the sixth consecutive quarter with evidence of overvaluation and price acceleration, according to Canada Mortgage and Housing Corporation (CMHC).

On a quarterly basis, CMHC issues its Housing Market Assessment (HMA) to provide Canadians with both expert and impartial insight and analysis, based on the best data available in Canada. This report acts as an “early warning system” for the country’s housing markets – an important tool...

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The deadline for Vancouver homeowners to declare whether or not their home is occupied is this Friday, Feb. 2, 2018. DARRYL DYCK / THE CANADIAN PRESS

The deadline for Vancouver homeowners to declare whether or not their home is occupied is this Friday, Feb. 2, 2018.

Those who fail to declare or who declare that their home is unoccupied will be subject to the empty homes tax of 1 per cent tax on the assessed taxable value of their home.

Here’s five things to know about the tax, the deadline and what’s next.

What happens if I miss the deadline?

A homeowner who fails to make a declaration...

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Canadians have never had it so good.

Canada ranks as the second best country globally once again, according to the 2018 Best Countries report by US News & World Report, Y&R’s BAV Consulting, and the Wharton School of the University of Pennsylvania.

The number two ranking is out of a list of 80 countries, and Canada only trails behind Switzerland at number one.

Canada also came in at number one for quality of life and number four for citizenship.

The quality of life sub-ranking is based on several factors: affordability, job market, economic stability,...

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Fabulous Outdoor Space

Spacious Layout

Price at $498,800

Huge semi-private, West facing, outdoor patio with direct access to your suite; perfect for gardeners & pet owners alike. This 2bed/2bath/954sqft home shows very well.  Functional open concept layout with excellent room separation, you don’t want to miss this one! Features: freshly painted, cork flooring, SS apps w/gas stove, gas F/P & direct patio access. Huge master with ensuite, soaker & walk-in closet & a large 2nd bed complete this home. Located in The Harmony, a rental & pet friendly complex. Close to:...

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Vancouver's attempt to address the issue of people purchasing properties and leaving them empty is hurting the wrong people, citizen group says.

The lot at 6161 Macdonald St., Vancouver, owned by Jane Macdougall. Ms. Macdougall restored the house at the right, then subdivided the adjoining empty lot. PHOTOS COURTESY OF Jane Macdougall

When Samantha Reynolds got a reminder from the city in the mail that she had not yet submitted her Empty Homes Tax declaration, she shook her head at the irony.

Ms. Reynolds lives a few houses down from a house owned by the city that has been vacant...

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The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook.

The global economy continues to strengthen, with growth expected to average 3 1/2 per cent over the projection horizon. Growth in advanced economies is projected to be stronger than in the Bank...

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imon Fraser University 2017 A Year in Review

 

Happy New Year!  I wish you and your families a healthy and prosperous 2018. 

Another year has come and gone and what a year it is has been.  There was significant media attention given to the real estate market in the Lower Mainland.  It felt like not a day went by that some news outlet was reporting something about real estate.  And it was not just about home prices. 

Prices are too high. Debt levels are too high. Vancouver real estate market highest in the world.  And, oh Foreign Buyers, Foreign Buyers, Foreign...

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Statistics released today by The Canadian Real Estate Association (CREA), show national home sales continued to climb in December 2017.

Highlights:

  • National home sales rose 4.5% from November to December.
  • Actual (not seasonally adjusted) activity was up 4.1% year-over-year (y-o-y).
  • The number of newly listed homes climbed 3.3% from November to December.
  • The MLS® Home Price Index (HPI) in December was up 9.1% y-o-y.
  • The national average sale price advanced by 5.7% y-o-y.
 

Home sales via Canadian MLS® Systems posted their fifth consecutive monthly increase in December 2017, fully recovering...

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REUTERS

A for-sale sign is pictured in front of a home in Vancouver on Sept. 22, 2016.

Home prices climbed sharply in Canada in 2017 as booming sales in British Columbia offset weaker home sales in Ontario.

The Canadian Real Estate Association released year-end numbers on Monday, reporting the national benchmark home price was $600,300...

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Simon Fraser
Market Update

Simon Fraser Condos

Altaire by Polygon

Altaire built in 2008/2009 reaches higher then any other condo building in Metro Vancouver offering panoramic views.

Novo I by Intergulf

Novo I built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Novo II by Intergulf

Novo II built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Aurora by Polygon

Aurora built in 2006 with 103 condos featuring 36 unique floor plans ranging from 715 sq ft to 1500 sq ft.

One University by Millennium

One University built in 2005 is UniverCity's flagship building with luxury homes featuring semi private elevators.

Harmony by Polygon

Harmony built in 2005 was the first condo development at Univercity & as a result offers a unique setting & views.

Serenity Townhomes by Polygon

Serenity is a collection of 2 bedroom townhomes of 1100 sq ft ranging to 4 bedroom 2000+ sq ft townhomes.

The Hub by Liberty Homes

The Hub built in 2009 is set atop Nester's Grocery and steps from High Street giving these homes an urban feel.

Verdant by VanCity Enterprises

Verdant is a two storey town home building built with environmental design and stylish living spaces which complement the modern exterior of these SFU homes.

Origin by Porte Development

Origin is designed by GBL Architect & BYU Interior Designs, developed by Porte Development Corp. and marketed by Red Dot Real Estate.

Nest by Mosaic

Located on UniverCity High Street across from the new University Highlands elementary schools this refreshing building will add further depth to a growing community.

Highland House by Liberty Homes

A 12-storey concrete high-rise development and targeted towards Rental Investors and First-Time Condo Buyers.

Lift by Porte Development

Lift will be a wood frame building comprising of 56 homes. Building technologies, environmental features, and price points should be similar to Origin.

Altitude by Hungerford Group

Altitude will be a 2 tower development comprising of a 12 and 14 story building with a total of 210 strata units.

CentreBlock by Liberty Homes

CentreBlock at UniverCity atop Burnaby Mountain is the latest condo project with sales commencing early 2014. .

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