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 ...
Continue ReadingFriday, 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 ...
Continue ReadingNew 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 ...
Continue ReadingFinish 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 ...
Continue ReadingJust 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 ...
Continue ReadingNorth 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 ...
Continue ReadingHere’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 ...
Continue ReadingAs 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 ...
Continue ReadingIt’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 ...
Continue ReadingFlatinon 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 ...
Continue Reading