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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Westmount Park - 7520 18th Street, Burnaby, BC V3N 1K5, LMS248 - located in Edmonds Burnaby East area, near the crossroads 17th Avenue and Griffiths Drive. Walking distance to Poplar Park, Stride Avenue Park, Ernie Winch Park and Taylor Park and Byrne Creek Urban trails. Stride Avenue Elementary and Byrne Creek Secondary are within minutes from the complex. Edmonds Skytrain station only one block away. Highgate Shopping Centre just a couple of blocks from the Southborough where you can find Save-On-Foods, Shoppers Drug Mart, Starbucks, Blenz, Subway, Liquor Store and fitness facility. There are a lot of restaurants in the neighbourhood where you can enjoy your lunch or dinner. House of Wings, Freshslice Pizza, Chinese Foods, Nao Sushi are only a few for your enjoyment. The Westmount Park was built in 1992. There are 51 units in development and in strata. There are no age restrictions in this complex. Two pets are allowed. Rentals are permitted. The amenities are bike storage, in-suite laundry, storage and garden. Most homes offer spacious bedrooms, gas fireplace, laminate floors, large patio and a balcony. Some units have walk-in closets and stainless steel appliances.
CMHC previous prediction about home price is no longer applies despite of pandemic
Sherry Cooper, chief economist at Dominion Lending Centres, also called the CMHC predictions “overly pessimistic” considering that Canada’s average home price went up by 1.5% in August.
Helmut Pastrick, chief economist at Central 1, echoed Cooper’s assessment, saying that prices are actually on the rise overall and that historically low mortgage rates will impel a more dynamic market, leading to further price growth.
CMLS Financial appointee expects demand for multifamily properties and developable land to remain strong
Rather than seeing his new duties as an uphill battle against the destabilizing forces of COVID-19, Taylor says now is an opportune time for commercial real estate brokerages to expand their reach.
“It’s times like this, when you have economic uncertainty, that advisory in the real estate finance market is ripe to accelerate and become more valuable to both borrowers and to lenders,” Taylor says.
Bank of Canada is still not doing enough to guide the nation out of recession-Economist
Despite the multiple measures taken during the pandemic, a majority of economists said that the Bank of Canada is still not doing enough to guide the nation out of recession, according to a new survey by Finder.
Canada’s housing market sales history in a closer look
As manyMortgage Broker Newsreaders are aware, there is no “Canadian housing market”, just a collection of distinct housing markets that happen to be in Canada. With that in mind, let’s take a look at where the action took place.
Front Yard, second largest single family landlord closed deal in $2.4 Billion Deal
Wall Street has been plowing money into the single-family rental industry in recent months, betting on the demand for homes with more space in the suburbs. While record-low mortgage rates have fueled a housing rally, that’s driven up prices, possibly pushing homeownership out of reach for many.
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