Hafez Realty News

Highlights:

• National home sales fell by 5.6% on a month-over-month basis in June.
• Actual (not seasonally adjusted) monthly activity came in 23.9% below the June record set in 2021.
• The number of newly listed properties was up 4.1% month-over-month.
• The MLS® Home Price Index (HPI) edged down 1.9% month-over-month but was still up 14.9% year-over-year.
• The actual (not seasonally adjusted) national...

Excellent Condition

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1 Bed, 1 Bath, 615sqft

Priced at $558,800

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Bright West facing with a location to beat! This 1 bed, 1 bath, 615sqft home located in the Vibe, a 9 year young contemporary styled building of Edmonds, Burnaby East will not disappoint. Features: an open plan, laminate flooring, spacious kitchen with stainless appliances, granite counters, tiled back...

The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative tightening (QT).

Inflation in Canada is higher and more persistent than the Bank expected in its April Monetary Policy Report (MPR), and will likely remain around 8% in the next few months....

Is housing affordable in Canada?

Not according to the data. A new survey shows that approximately 9 million Canadians are settling to rent forever or completely giving up on the idea of homeownership.

This comes shortly after RBC Economics released a report showing that housing affordability in Canada is at its lowest in 31 years and hot on the heels of multiple mortgage rate hikes – making h...

Bright, spacious and in impeccable condition. Just a few ways to describe this South facing 3bed/2bath/1439sqft town home. Located in what is arguably one of the Langley's most mature & desirable neighborhoods - Walnut Grove. You won't be disappointed. Main: rich laminate floors, open concept plan, kitchen w/granite counters, large island w/breakfast bar, SS appls, generous sized living & dining...