Blog by Majeed Rajabi

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Vancouver Lower Main Land Real Estate Stats Centre Reports - May 2020

June 5th, 2020

The latest Stats Centre Report for Metro Vancouver is now available. Click here to view it. 

 

Click here to view the latest Stats Centre Report for West Vancouver.

Please contact me at (604)988-5588, if you are interested to view other areas.





MAJEED  Rajabi
Your Trusted, Local Real Estate Expert

Royal Pacific Lions Gate Rea ...

Vancouver Lower Main Land Real Estate Stats Centre Reports - May 2020

June 5th, 2020

Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent incre ...

CMHC tightens lending standards, making homes less affordable  

June 5th, 2020
Yesterday afternoon, CMHC announced changes to its mortgage insurance underwriting and acceptance criteria.
 
Effective July 1, the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance:
  • The maximum gross debt service (GDS) ratio drops from 39 to 35
  • The maximum total debt service (TDS) ratio drops from 44 to 42
  • The minimum credit s ...

Real Estate & Mortgage News Flash (Oct. 2017)

October 6th, 2017

Top news


These are the home-ownership costs Canadians forget about (Global News)

Vancouver demand drives up Canadian home prices in July (BNN)

Canada's housing affordability at worst level since 1990: RBC (BNN)

Canada's privacy commissioner opens probe into Equifax data breach (CBC)

Equifax says 100,000 Canadians impacted by cybersecurity breach (CBC)

Housing risks 'could even threaten financial s ...

Insurers ( CMHC , Genworth ) are increasing premiums - Deadline approaching -- // Augmentation des primes d’assurance – La date limite approche

May 22nd, 2015
The Canada Mortgage and Housing Corporation (CMHC), Genworth Canada and Canada Guaranty will be increasing their homeowner mortgage loan insurance premiums for homebuyers with less than a 10% down payment. The premiums for these homebuyers will increase by approximately 15% effective June 1, 2015. Click here for the complete CMHC press release.

173 2ND Street W, North Vancouver, British Columbia

November 9th, 2014

I sold this Townhouse, 173 2ND Street W, North Vancouver, British Columbia

Perfect Lower Lonsdale concrete townhome in Intracorp's Ventana! This 6 year old solid home features an expansive open plan main with new maple hardwood floors, a large kitchen with island, functional living & dining areas, a custom work space, tons of storage & a powder room. Upstairs the spacious master boasts a spa ...

1402 1255 SEYMOUR Street, Vancouver West, British Columbia

August 13th, 2014

I just sold this Condo, 1402 1255 SEYMOUR Street, Vancouver West, British Columbia

Ultra Modern luxury living just a minute to parks, beaches, seawall, retail, transit, restaurants & more! Spacious SE corner with views to False Creek & an open pocket for great privacy featuring engineered hardwood floors, stone counters, S/S appliances w/ gas stove, gourmet kitchen island w/ breakfast bar, s ...

458 NORTHCLIFFE Crescent, Burnaby North, British Columbia

August 13th, 2014

I just sold this House at 458 NORTHCLIFFE Crescent, Burnaby North, British Columbia Westridge BN (Sold amount $1,405,000).

View this recently sold House or see all my home sales.

REBGV March 2014 Stats Videocast

April 9th, 2014
April 9, 2014

REBGV Stats March 2014

April 2nd, 2014

Home sale and listing activity continue to chart a steady path for the region’s housing market

March home sales in Greater Vancouver outpaced last year’s total yet lagged the region’s historical average for the month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) i ...

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