<![CDATA[Hafezi - Real Estate News]]>Sun, 23 Oct 2022 12:21:44 -0700Weebly<![CDATA[Vancouver Transit and Transportation Referendum]]>Tue, 31 Mar 2015 14:03:02 GMThttps://www.hafezigroup.com/real-estate-news/vancouver-transit-and-transportation-referendumWith Vancouver's transportation referendum now taking place I wanted to explore the proposal and get some facts to help me make a decision. In this video I share my findings with you, as well as how Transportation impacts real estate.

I hope you enjoy,

Rasam

]]><![CDATA[Rise in migration to B.C. setting up scenario for housing price boost]]>Tue, 18 Nov 2014 15:33:01 GMThttps://www.hafezigroup.com/real-estate-news/rise-in-migration-to-bc-setting-up-scenario-for-housing-price-boostBritish Columbia is starting to become a magnet again for people from other provinces, a trend that bodes well for Vancouver housing prices.

In the first half of this year, B.C. had a net gain of 3,270 people from other provinces. It marks a reversal of fortune for B.C., which saw a net loss in interprovincial migration of 4,596 residents for the full 12 months of 2012 and another net loss of 832 people last year.

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]]><![CDATA[Canada and EU free trade deal clears major hurdle with deal on final text]]>Fri, 08 Aug 2014 14:05:22 GMThttps://www.hafezigroup.com/real-estate-news/canada-and-eu-free-trade-deal-clears-major-hurdle-with-deal-on-final-textThe Harper government's drive toward a free-trade deal with the European Union appears to be entering the final stages, with the announcement Tuesday that negotiators have concluded a text of the agreement.   The final wording comes after months of negotiation and disagreements over a wide range of issues that included investor protection from lawsuits as well as dairy quotas.

Read article here]]><![CDATA[Vancouver existing home sales, prices continued to climb in July]]>Tue, 05 Aug 2014 14:01:06 GMThttps://www.hafezigroup.com/real-estate-news/vancouver-existing-home-sales-prices-continued-to-climb-in-julyThe number of homes sold in Canada’s most expensive market topped 3,000 in July, marking a fourth straight month sales have hit that level.   The Vancouver sales market has not been this strong in three years, according to the Real Estate Board of Greater Vancouver 

Read full article here]]><![CDATA[Drop in mortgage rates giving boost to B.C. housing market]]>Fri, 11 Jul 2014 14:20:48 GMThttps://www.hafezigroup.com/real-estate-news/drop-in-mortgage-rates-giving-boost-to-bc-housing-market
Another healthy jump in real estate sales across the Lower Mainland in June is putting some areas “on the cusp” of a seller’s market where demand outstrips supply and pushes prices higher, according to reports released Thursday by the region’s major real estate boards.

The most recent sales results fit with Central 1 Credit Union’s latest housing forecast, which estimates that the surprise cut in mortgage rates earlier this year will produce a modest, steady rise in housing demand even as interest rates move higher in coming years.

Read more here
]]><![CDATA[Stronger sales, higher prices expected in Lower Mainland and B.C. housing market]]>Thu, 03 Jul 2014 14:18:51 GMThttps://www.hafezigroup.com/real-estate-news/stronger-sales-higher-prices-expected-in-lower-mainland-and-bc-housing-marketThe housing market in British Columbia will post stronger sales and increasing prices over the next few years, according to Central 1 Credit Union’s B.C. Housing Forecast, released July 3, and this will be driven in large part by the Lower Mainland.

An improving labour market and a dip in mortgage rates will lead a rebound from the weak climate seen in 2013, and the median home price across all housing types is expected to hit $595,000 by 2017.


Read Article here]]><![CDATA[CMHC Spring Rental Vacancy Rates Moved Lower in British Columbia]]>Wed, 11 Jun 2014 14:16:28 GMThttps://www.hafezigroup.com/real-estate-news/cmhc-spring-rental-vacancy-rates-moved-lower-in-british-columbiaAccording to Canada Mortgage and Housing Corporation's (CMHC) spring Rental Market Survey(1), the British Columbia apartment vacancy rate declined to 2.4 per cent in April 2014 from 3.5 per cent in April 2013.

"In spring 2014, the downward pressure on vacancy rates came from a combination of increased rental demand which outpaced additions to rental supply," noted Carol Frketich, CMHC's BC Regional Economist. "This spring the rental market was significantly tighter than last spring as apartment vacancy rates moved lower in all but six of the province's 27 centres surveyed in April".


Read full Article here]]><![CDATA[Monthly cost of Metro Vancouver home eats up 82 per cent of typical income]]>Wed, 28 May 2014 16:34:16 GMThttps://www.hafezigroup.com/real-estate-news/monthly-cost-of-metro-vancouver-home-eats-up-82-per-cent-of-typical-incomeA rebound in Metro Vancouver prices in the first quarter of 2014 has pushed single-family homes back into the upper reaches of unaffordability on RBC’s regular housing-affordability index.
Read more ]]><![CDATA[Bank of Canada Keeps Interest Rates Unchanged]]>Fri, 07 Mar 2014 14:22:34 GMThttps://www.hafezigroup.com/real-estate-news/bank-of-canada-keeps-interest-rates-unchangedNot surprising, Bank of Canada has kept it's key lending rate unchanged. BOC sited Global instability as a major reason.

“Volatility in global financial markets has increased somewhat, reflecting buoyant market conditions in most advanced economies and increased risk differentiation among emerging markets,”

BOC is not expected to increase rates until at least middle of Next Year.


Read more ]]><![CDATA[Paying off your mortgage may be a bad idea]]>Wed, 19 Feb 2014 00:28:26 GMThttps://www.hafezigroup.com/real-estate-news/paying-off-your-mortgage-may-be-a-bad-ideaHere is some interesting analysis he Calum Ross on why paying off your mortgage may be a bad idea.
The Article has some math but it's easy to follow. He challenges the default thoughts that don't always hold true.



Read here]]>