HafezRealty

Just Listed! Perched at the top of a cul-de-sac, this stunning 4 bed, 4 bath, 3-level home offers 270° mountain and city views. Featuring 3,218 sqft, soaring ceilings, tons of natural light, a spacious kitchen, great room layout, A/C, and a walkout yard. Act now!

“Rising mortgage rates and a weak labour market continue to constrain activity around the province but especially in the Lower Mainland,” said BCREA Chief Economist Brendon Ogmundson. “The recent rise in mortgage rates presents an unexpected headwind for the market this year and may further delay a recovery in activity.”

Just Listed! Bright NW corner 2 bed, 2 bath home in Central Port Coquitlam with open views of Gates Park. This 1,030 sqft home features A/C, laminate flooring, a bright open layout, granite counters, stainless steel appliances, a covered balcony, cozy fireplace, and 2 parking spots. Close to parks, shops, transit, recreation, and West Coast Express.

Join us for an Open House: on Sat, June 13 & Sun, June 14 from 2–4 PM

New Unbeatable Price! Take a look at this 1 bed / 1 bath, 633 sqft home with an open layout, modern kitchen, and covered balcony. Located in the Heart of UniverCity; steps away from transit, shops, and more. Act now!

JUST SOLD

Loft-style 1 bed home at UniverCity SFU. 757 sqft, 17’+ ceilings, south-facing natural light, 1 parking, and 1 locker

Congratulations to our clients on the sale!

Just Sold in only 4 days!

Bright northwest corner 1 bed + den in the heart of Yaletown, featuring city views, great natural light, parking, storage, and steps to Emery Barnes Park, restaurants, shops, and transit. Congrats to our clients!

“Challenges in the local economy and labour market, combined with upward pressure on rates due to the ongoing oil supply shock, are continuing to suppress pent-up demand and weaken overall market activity,” said BCREA Chief Economist Brendon Ogmundson.

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“Last month we noted that a divergence was emerging between sales trends in the detached
and multi-family segments, which continued in April,” said Andrew Lis, GVR chief economist
and vice-president data analytics. “Sales of detached homes have been gaining year-overyear,
while sales in the multi-family segment have declined, and this pattern is consistent
across most areas. The fact this pattern is so broad-based reduces the likelihood what we’re
seeing is just a blip in the data since the momentum isn’t isolated to small pockets of the
market.”

“The housing market continues to be challenged by persistent global headwinds and a struggling economy,” said BCREA Chief Economist Brendon Ogmundson. “However, improved affordability in many markets combined with several years of pent-up demand creates conditions for a rebound, though households will likely need a prolonged period of stability to re-enter the market.”