Varinder Verma Realtor

08/17/2023

Condo Sales Skyrocket in Greater Vancouver

Varinder Verma is a real estate agent with Planet Group Realty Inc.. Check out Varinder Verma's listings or office listings.

08/10/2023

Sales Edge up in Key Canadian Markets in Early-Summer

Varinder Verma is a real estate agent with Planet Group Realty Inc.. Check out Varinder Verma's listings or office listings.

07/31/2023

Canada’s Mortgage Rates Might Rise Soon

Varinder Verma is a real estate agent with Planet Group Realty Inc.. Check out Varinder Verma's listings or office listings.

07/30/2023

June BC Residential Sales Outperform Expectations
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In June 2023, British Columbia's residential unit sales totaled 8,740, a 21.9% increase from June 2022. The average MLS® residential price was $991,648, a 4.7% increase from the same time last year. The total sales dollar volume was $8.7 billion, representing a 27.6% increase. Year-to-date, residen...

07/23/2023

Decoding the Present Mortgage Scenario in Canada
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In June 2023, the Bank of Canada raised the overnight rate from 4.5% to 4.75%, impacting the Canadian mortgage market for both homebuyers and investors. There are two main types of mortgage rates to choose from: fixed-rate and variable-rate. Fixed-rate mortgages provide stability with consistent mon...

07/13/2023

Don’t Give up on Home Ownership

Varinder Verma is a real estate agent with Planet Group Realty Inc.. Check out Varinder Verma's listings or office listings.

07/10/2023

07/04/2023

StatCan highlights housing supply dynamics in largest cities
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Statistics Canada (StatCan) highlighted in new data that from 2019 to 2021, housing stock growth in Toronto and Vancouver outpaced population growth, with condos making up more than half of the new housing supply. StatCan also found significant divergences in the two cities' market trends, with Toro...

06/26/2023

Canadian home sales rise 5.1% in May
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In May, Canadian home sales rose 5.1% from the month before, and were 1.4% higher than the same month a year ago. The Canadian Real Estate Association's Home Price Index increased by 2.1% from the previous month, but was down 8.6% compared to May 2019. The national average selling price was up 3.2%....

06/26/2023

Bank of Canada hikes rates to 22-year high, more increases expected
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The Bank of Canada on Wednesday increased its overnight rate to a 22-year high of 4.75%, and is expected to raise it again in July due to strong consumer spending, a rebound in demand for services, a pick-up in housing activity and a tight labor market. This is the fastest tightening cycle in the ba...