Team Fazi Real Estate

Because you count as 1

Tel: (778) 899-8829 |

The BC government is taking its first steps to mitigate soaring strata insurance costs by introducing a bill to amend the Strata Property Act and Financial Institutions Act.


The government wants to make the strata insurance industry more transparent, close depreciation report loopholes, and end referral fees paid to property managers while giving strata councils more tools to deal with insurance.

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According to the recent report by Blair Morrison, the CEO of BC Financial Service Authority (BCFSA), the strata insurance premium for condos you’re planning to purchase might have had an increase in excess of 100%! 
The report shows a majority (54%) of strata properties experienced a premium increase of less than 30% compared to premiums the previous year. 31% of strata properties captured by our data call saw increases in the 30% – 50% range, 9% of properties faced year-over-year increases of 50% – 100% and 6% of properties saw strata insurance premium increases in excess of 100% compared to the previous year.

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The Cartier building, built by Bosa brothers with a magnificent area and location. A quick walk to the Skytrain and bus stops with convenient access to the Coquitlam Center shopping mall, with the greatest walk score.


For Showings please contact us by text or call and we will be happy to book a showing for you.




Contact us for showings (Txt OR Call)

Local number: (604) 263-5926

Toll-Free number: (800) 945-4740


Chat with us online and Check out the latest real estate news at https://www.teamfazi.com/blog.html














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Real Estate Board of Greater Vancouver recently joined our BC Lieutenant Governor anti-racism campaign.


In the video below, REBGV Chair Colette Gerber discusses how we should participate in the campaign and encourages us to take the pledge.


Supporting this campaign means standing against racism and hate and promoting respect and opportunity for people from all backgrounds in BC.





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Click on the image to view our May 2020 market update video from Real Board of Greater Vancouver providing a summary of May 2020 housing market statistics. Please share this video with individuals who might be interested in this market update.




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Price Reduced by $100,000
A huge 2br + den condo of nearly 1800 SF built by BOSA in New Port area of port moody with a breathtaking panoramic of Burrard inlet. Just watch the video to it see for yourself.


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Yesterday, Evan Siddall, the president of the Canada Mortgage and Housing Corporation (CMHC) said that the country could see claims from defaulted mortgages reach $9 billion as a result of the coronavirus and as many as 20 per cent of mortgages could go into arrears if the economic situation in Canada does not improve.
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The Bank of Canada’s latest report takes a deeper look at the impact COVID-19 is having on the Canadian financial system, including the housing market.


“Income uncertainty and physical distancing have led to considerably slower activity in housing markets, with sales and listings both down sharply,” the report states.


“Reduced liquidity in the housing market could add pressure to household finances since households may find it increasingly difficult to sell their homes. Most households now expect house prices to decline over the next 6 to 12 months."



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According to British Columbia Real Estate Association released on May 14 home sales across BC fell about 59 in April relative to the same month in 2019 reflecting restriction for COVID-19 related guidelines.


However, as these measures are relaxed, the market will gradually bounce back to normal situation. Watch the video for more details or contact Team Fazi at 778-899-8829 for any inquiry about, buying or selling strategy in COVID-19 situation.



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Total home sales and total listings in April 2020 were 40% and 60% lower, respectively compare to the same month in 2019. Watch the video for a brief overview: Call Fazi for detailed info and ask us about COVID-19 purchase and sale strategy at: (778) 899-8829



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In this video I explain the impact of COVID-19 driven recession on the real estate market in Vancouver. Please let me know, if you have any question in regards to buying or selling a home in this market.. You can also call us anytime if you have question in regards for carrying-out a safe transaction and avoiding legal and technical pitfalls.


CALL: 778 899 8829



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Bank of Canada Interest Rate Announcement:

On December 4, 2019, the Bank of Canada held its overnight rate at 1.75 per cent this morning!

Reason: The Bank noted that there is evidence that the global economy is stabilizing and that US recession concerns are waning, though trade conflicts remain the biggest threat to the Canadian economy. Furthermore, the Bank expects modest growth in 2020 and for inflation to closely track its 2 per cent target.
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Home buyer demand picked up across Metro Vancouver last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019, a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent increase from the 2,077 homes sold in June 2019.


If you are a prospecting to find your next home or are a home buyer and are looking to find your own best deals, you may please go to the link: https://www.teamfazi.com/recip.html#!/wps/-/noframe~true/recip/48183/idx.search?idx_v2_map_pos=49.24880910000002|-122.98051040000001&idx_v2_map_zoom=14&idx_v2_map_radius=1.9

for a professional like MLS search engine.

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We listed a beautiful home at #67 55 Hawthorne Dr. in the prestigious Heritage Woods Area, right at the border of Coquitlam and Port Moody.


We had somewhat of a great reaction but market was slightly colder compare to this month's. Throughout our strong marketing efforts along with our hard work ethics, we got an offer that SOLD the home for 98% of listed price. (keep in mind; this transaction took place in soely buyer's market)


Here is a short video and overview of the home. we SOLD and listed it!



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Vancouver, BC – June 14, 2019. The British Columbia Real Estate Association (BCREA) has reported that total residential active listings were up 23.2% compared to the same month last year.


However, total active listings were down 2 per cent from April. This is the first monthly decline since the B20 Stress test was introduced in January 2018.


In BC, total residential unit sales as is recorded by MLS® in May, a decline of 7% from in May 2018 and the average MLS® residential price showed a decline of 4.3% from May 2018. Total sales dollar volume was 11% lower compare to the same month last year.


In this year, BC home sales increased 9% in May compared to April, however, consumers continued to struggle with the negative shock to affordability as a result of current stringent mortgage lending policies.


Year-to-date, BC total residential sales dollar volume was down 25.1% compared with the same period in 2018 and total residential unit sales decreased 20.2%, while the average residential price was down 6.2%.

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Categories:   Important

CBC | Business News

04/00/2020
Unrealistic economic cheerleading is no solution to a lingering COVID-19 crisis: Don Pittis
Donald Trump

Despite enthusiasm from people like the U.S. president, hopes for a short, sharp downturn followed by recovery may have been thwarted by growing signs of damage to the underlying economy, especially in the U.S.

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More corporate meetings to go virtual after success during pandemic
Zoom-bombing still image

Any shareholder who's ever endured hours of travel to attend a company's annual meeting is in for good news in the wake of the COVID-19 pandemic.

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S&P 500 gains more with Microsoft, other tech companies leading the way
Wall Street

Stocks started August with more gains, and a worldwide rally on Monday sent Wall Street back to where it was just a couple days after it set its record earlier this year.

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Trump gives Microsoft 45 days to land TikTok deal after threatening to ban Chinese-owned video app
USA-TIKTOK/VOTE

U.S. President Donald Trump said on Monday he does not mind if Microsoft Corp. buys the Chinese-owned short-video app TikTok, but any purchase by an American company would have to be done by a Sept. 15 deadline.

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The Canada-U.S. border could be closed for months. Here's what you need to know now
COVID Cda US Trust 20200505

Here’s the latest on what you need to know about Canada-U.S. border rules and why your neighbours to the south may not be visiting for a while.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.