Mayank Verma Personal Real Estate Corporation

10/13/2026

Time for a move? Let's get you a free, updated home valuation report today!

Mayank Verma
Century 21 AAA Realty Inc.
Direct: 778-788-6566

If it's time to look for a new home, you'll need an updated estimate of your home's value!

10/12/2026

Happy Thanksgiving!

Wishing you a day filled with good food, great company and plenty to be thankful for.

Mayank Verma
Century 21 AAA Realty Inc.
Direct: 778-788-6566

10/12/2026

Canadian Home Sales Slide 6.9% Yearly
We’re seeing some notable shifts in the Canadian real estate landscape: in mid-Q3, home sales dipped by about 1% month-over-month and nearly 7% year-over-year. The price index held steady compared to the previous month, but has slipped roughly 3% from last year. Interestingly, new property listings made a comeback, rising about 3% after several months of decline. The sales-to-new listings ratio also eased to around 49%, further below the long-term national average of 55%. Economists point to challenges like economic uncertainty, inflation risks, and higher mortgage rates—driven by rising bond yields—as major influences on buyer activity. At that point, markets were anticipating a 60% chance of a rate hike in early Q4, with expectations of over a percentage point of tightening by 2027. Navigating these market dynamics requires careful attention—especially in areas like Surrey, Vancouver, and Burnaby, where I’ve helped clients adapt to changing conditions.

10/11/2026

Happy Thanksgiving

10/11/2026

August Home Sales Remain Resilient Amid Economic Challenges
The Canadian real estate market saw a notable shift this August, with home sales dropping 6.9% compared to last year. Despite this dip in activity, the average home price edged up 0.6% to $668,219. We're also seeing more new listings and rising inventory, signaling that more options are coming to the market. However, ongoing economic headwinds and higher mortgage rates could present some challenges as we look toward 2027. Having guided clients through neighborhoods like Abbotsford West, Cloverdale, and Surrey, I’m always watching these trends closely to help buyers and sellers make informed decisions.


http://www.mverma.ca/agent-news/mayank-verma/2063587-August-Home-Sales-Remain-Resilient-Amid-Economic-Challenges

10/10/2026

CMHC Foresees Stable Housing Market Into Year-End
The latest numbers from CMHC reveal a continued slowdown in housing starts as we approach year-end. Over the past six months, Canada saw a 1.3% decline, bringing the total to 244,149 units, with a consistent monthly pace of 229,000. Year-to-date, starts have fallen 4%. Interestingly, Montreal and Vancouver posted increases, while Toronto remained steady. Meanwhile, completions dropped by 11.2%. As someone who closely follows the trends in Vancouver and the surrounding areas, I’m keeping a close eye on how these shifts may impact both buyers and sellers locally. Staying informed on these changes is key to making confident real estate decisions.


http://www.mverma.ca/agent-news/mayank-verma/2073679-CMHC-Foresees-Stable-Housing-Market-Into-Year-End

10/10/2026

Canada housing affordability and market trends
Navigating Canada’s real estate market has become increasingly complex following the pandemic housing boom and the challenges of high inflation. With the Bank of Canada having raised interest rates sharply, then cutting them nine times to reach 2.25%, many buyers are finding the landscape both competitive and unpredictable. Inflation remains at about 3%, and while fixed mortgage rates are still volatile, there are some options available under 4%. Drawing on my experience marketing homes across Abbotsford, Surrey, Vancouver, Burnaby, and New Westminster, I understand how these market shifts impact your search and decision-making process. Staying informed and adaptable is key in this environment.


http://www.mverma.ca/agent-news/mayank-verma/1969760-Canada-housing-affordability-and-market-trends

10/09/2026

Beautiful Family Home in the heart of Panorama Ridge, this stunning 3-storey residence features soaring ceilings and a spacious living room with a custom fireplace, New Paint, New RUG on Upper Floor, New Hardwood in FamilyArea. The open-concept kitchen with granite countertops and a large island flows seamlessly into the family room and bright eating area. Offering a 2-bedroom basement suite with separate entrance, a detached double garage with extra rear parking, and a prime location near schools, parks, shopping, and Highway 10, this home delivers exceptional style, space, and versatility. Book your showings!!

10/09/2026

The Count Quackula Scavenger Hunt
Let’s connect and talk about the latest insights in the industry!
http://www.mverma.ca/agent-news/mayank-verma/2126414-The-Count-Quackula-Scavenger-Hunt

10/08/2026

Canada Needs Twice the Projected Homes
Canada’s housing affordability challenge is even steeper than many realize. According to the national housing agency, restoring pre-pandemic affordability requires between 417,000 and 469,000 new homes built every year until 2036—a target that far exceeds current construction trends. Even now, the national supply gap sits at 187,000 to 238,000 homes annually over the coming decade. Construction is expected to slow more quickly than demand, which puts affordability goals at risk and makes the current market downturn a critical factor to watch. Most new homes in progress are already tied to existing projects, so the pace of new builds would need to double to meet the country’s needs. As someone who has marketed homes across Surrey, Vancouver, Burnaby, and beyond, I see firsthand how these supply constraints impact buyers and sellers alike. Addressing this shortage is essential if we hope to see meaningful change in affordability in the years ahead.