And for the real estate industry, that means showings have been put on a halt. However, that doesn’t mean it can deny us the luxury of home browsing right from the comforts of our bedroom.
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Let’s all take a COVID-19 news break and rest our eyes on roomvu’slatest roundup of Burnaby’s cheapest listings.
In light of the imminent tough economic waves coming our way, these cheap listings come at the perfect time and so are their locations.
Don’t belittle the price of these homes, as small can also mean convenient, light and bright, and even boast gorgeous views of the region’s beautiful mountains and waters.
So take a peek and check out the cheapest listings.
This is a 1 bedrooms, 1 bathroom Condo , listed for sale by agent Jacquie McCarnanfor $0.31 million
This property features:
Fantastic, large one bedroom condo for sale in Burnaby. The entire strata development is surrounded by green space making it an oasis in the heart of Burnaby North. This would make an excellent investment or a great way into the market for first time home buyers. The development is very close to shopping and transit. The building is well-maintained and permits both rentals and pets. Lots of building updates including re-piping, roof, windows, sliding patio doors, and elevators.
This is a 1 bedrooms, 1 bathroom Condo , listed for sale by agent Jacob Striganfor $0.32 million
This property features:
Exceptional value awaits. This centrally located, spacious 1 bed/1 bath unit is awaiting its new owners. Perfect for first time home buyers, students and down-sizers. Minutes from Simon Fraser University, Burnaby North Secondary and all the shops and restaurants that East Hastings has to offer. This unit has been tastefully updated and is in great condition. The home is on the quiet side of the building and has a very calm and peaceful outlook. Book your private showing today.
This is a 2 bedrooms, 2 bathroom Condo , listed for sale by agent Judy Chengfor $0.37 million
This property features:
Best price in Burnaby East area. Spacious layout, 1008 sq.ft. with 2 bedroom 2 full bathrooms, new kitchen renovation done recently. Steps to Edmonds Community Centre, Public Library, the new Low-Food Supermarkets in the KingCrossing buildings. Not far from Highgate shopping area with Save-On-Foods, Shopper Drugs Mart, Banks, Medical Office, Edmond Skytrain, ST. Thomas More Collegiate, Langley Farm Market, and so much more. Better than renting. (NOT allow pets & rental)
This is a 2 bedrooms, 1 bathroom Condo , listed for sale by agent Derek Pink PREC*for $0.39 million
This property features:
Beautiful updated 2 bdrm unit offers designer kitchen with maple cabinets & black appliances, laminate floors, fresh carpets & paints, large laundry room & a newer hot water tank. Very close to transit (yet, very quiet), SFU, no rental restrictions..a great opportunity. This corner unit is nestled in the beautiful forest settings of the Simon Fraser Hills has been updated recently with new carpets & paint. Enjoy 2 large spacious private patios with plenty of outdoor space. Amenities include outdoor pools, hot tub, exercise facility & more! Minutes from everything, close to schools & ready to enjoy! Hurry, this one will not last. Tenanted (but vacating) so showings scheduled by appointment only at specific time so please contact your realtor to arrange. Showings by appointment Sunday 2-4.
This is a 1 bedrooms, 1 bathroom Condo , listed for sale by agent Keith Ho PREC*for $0.39 million
This property features:
Altitude Towers at UniverCity community up at Burnaby Mountain. Up here you will find Simon Fraser University and all the facilities they have to offer, Highland Elementary School, Daycare, Nester’s Supermarket, SFU bus loop, and some restaurants and shops. The surrounding area is a quiet residential area with trails and parks. This unit is equipped for wheelchair accessibility. It features a line kitchen, modern stainless steel appliances, walk in shower, and a hot water heating that is included in the strata fees. Comes with one parking stall and a storage locker. Great rental potential to SFU students.
This is a 1 bedrooms, 1 bathroom Condo , listed for sale by agent Mandy Siu PREC*for $0.39 million
This property features:
THE HUB, a concrete, Canadian Green Building Council’s LEED Silver standard building. Located in the heart of SFU, UniverCity. This one bedroom / one bathroom home is perfect for first time buyers or investors! Features include an open concept plan, wood floors, a kitchen with SS apps, quartz counters & plenty of cupboards. The well sized bedroom offers excellent closet space and a large window. The covered balcony provides a view south-east views. Just a quick walk to Nester’s below for groceries. Close walk to transit, shopping, indoor/outdoor rec & a host of perks available only to UniverCity residents. 1 parking, locker included.
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
