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Bank of Canada raises interest rate from 0.75% to 1%!

The Bank of Canada raised its key interest rate by another quarter of a percentage point, up to 1 per cent from 0.75 per cent, on Wednesday. The decision, which follows a first hike in July, could be just the second in a string of rate increases to come, some ...

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Condominium sales drive August activity in Vancouver

Friday, September 1, 2017 Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August ...

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The value of residential real estate in Canada increased by $384 billion in 2017’s first quarter!

New figures coming out this week will show Canada’s GDP is growing at more than 3%, according to a Statistics Canada forecast – and the Organization for Economic Cooperation and Development has expressed concerns over the rate of growth, especially in the real estate sector in Toronto and Vancouver. The value ...

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Contact me to enter the draw for two VIP tickets to see Much Ado About Nothing!

Finish off a great summer with a bang! Join us at the marquee tent for drinks and appetizers and enjoy Shakespeare under the Stars! Contact me to enter the draw for two VIP tickets to see Much Ado About Nothing! Email: Farid@FaridEntezari.com ...

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Vancouver housing on fire with biggest price gains since 1990!

Just as Toronto’s housing market is beginning to slow down, Vancouver’s is roaring back to life. New home prices in Canada’s most-expensive market jumped 1.5 per cent in June, and have gained five per cent since March, data released Thursday by Statistics Canada show. That is the biggest three-month increase since 1990. ...

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North Vancouver approves new $400 million waterfront neighbourhood with 800 condo units!

North Vancouver City Council has approved a new waterfront neighborhood on Harbourside Drive, bordered to the south of North Shore Auto Mall. The vote on the re-submitted rezoning proposal came down to a 5-2 vote that gave the mixed-use development the green light, go-ahead. Image: Concert Properties Image: Concert Properties The 18-building, 1.16 million ...

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Interesting story of the Vancouver real estate market and why it is what it is today!

Here's a brief history of foreign buying of Vancouver real estate: There’s nothing like Vancouver real estate anywhere else in the world. You might think your city has foreign buyers, but it’s nothing like Vancouver. It’s almost as if the world’s most powerful people had a meeting, and decided to create ...

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For the first time ever, the benchmark price of a typical home was set above $1 million in the Greater Vancouver!

As Greater Vancouverites focused on warm weather and summer vacations, the region clocked in just 2,960 home sales in July 2017, according to the latest market statistics released August 2 by the Real Estate Board of Greater Vancouver. Home prices did not similarly slow, however, with the composite benchmark price of ...

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The Vancouver foreign homebuyer tax is one year old, The tax had “zero impact” on affordability! What Canada can learn from Vancouver?

It’s been a year since British Columbia’s 15 per cent surtax on foreign homebuyers in Metro Vancouver took effect. The measure came into effect on Aug. 2, 2016, as the government of then-Liberal Premier Christy Clark pledged to tackle the city’s affordability crisis ahead of the 2017 provincial election. Fast-forward to ...

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New listing!! 2 BR, 2 Bath apartment in Coal Harbour

Flatinon at Coal Harbour! Sweeping views of ocean, Stanley Park, marina & North Shore mountains! Two units per floor! An exclusive 52 units residence in a sleek 28 story tower for the discerning few interior boasts floor to ceiling windows, wool carpets, European kitchen with marble & quartz counters, high-end ...

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