Hafez Realty News


Highlights:

• Bond yields on a rollercoaster ride but mortgage rates remain flat

. • Is the Canadian economy slowing?

• When will the Bank of Canada reverse course?


Mortgage Rate Outlook

Volatility continued in the Canadian mortgage market over the third quarter. Financial markets are currently digesting a complex economic environment as still high, though perhaps peaking, inflation collides...

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Spacious 1 Bed Home

Excellent Condition

Priced at $488,000


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Bright, spacious and open court-yard views! This Southeast facing 1 bed, 1 bath, 608sqft unit is perfect to call home. Emerald Park Place is a pet friendly complex with a well-equipped gym and amenity room, centrally located to shopping, recreation, transit, Skytrain and every amenity you could need. Features: open plan,...

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The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential price in BC was $918,378, a 2.1 per cent increase from $899,428 recorded in August 2021. Total sales dollar volume was $5.2 billion, a 39.6...

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Third Quarter – September 2022


The dramatic rise in Canadian mortgage rates has prompted an equally dramatic shift in the BC housing market. While the year started with home sales on pace to exceed 100,000 unit sales for a second consecutive year, aggressive monetary tightening in response to the highest inflation in decades quickly sent demand to the sidelines as five-year mortgage rates more...

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Metro Vancouver’s* housing market is experiencing a quieter summer season marked by reduced sale and listing activity.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.


Last month...

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Hafez Panju
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.