Share REBGV – With more buyers and fewer homes for sale in recent months, the Greater Vancouver housing market has entered a more moderate and balanced state. For the sixth consecutive month, new listings for detached, attached and apartment properties declined in Greater Vancouver, down 33.7% to 4,649 in April 2009 compared to April 2008, [...]
Share So I guess it’s a better time to buy BRAND NEW homes than second hand in the current market? In Vancouver, most new homes now pay the 7% GST for buyers. The most impressive marketing scheme was in Richmond in which the developer gave up a free Mercedes Benz for each new buyer. But [...]
Share Royal LePage survey – Vancouver’s real estate market is still witnessing a course correction, as prices continued to decrease in the first quarter of 2009, according to Royal LePage’s quarterly House Price Survey. The average price for homes on Vancouver’s West side and East side, North Vancouver and West Vancouver saw an average year-over-year [...]
Share VRCA release – February’s total building permit values in the Lower Mainland-Southwest region rebounded significantly, according to the Vancouver Regional Construction Association’s analysis of today’s Statistics Canada building permit report. The construction industry sees this as a positive sign following a steady decline in activity since October 2008. Continued volatility in the numbers is [...]
Share REBGV release – The Metro Vancouver housing market experienced a movement away from volatility and toward stability to start the spring season. Home sales in March 2009 returned to levels witnessed at the beginning of the decade, with 2,265 sales recorded across Metro Vancouver for the month, a 53% increase over February but a [...]
Share Is this make-believe or are Canadians really that confident? But in Richmond, me and many of my friends really can’t see much of the negative effect of the economic slowdown… at least the many Chinese restaurants we go to are still having pretty good business. For some, don’t expect to get a seat without [...]
Share REBGV release – Residential housing sales in Greater Vancouver rose 94% in February compared to the month before, with 1,480 sales registered in February compared to 762 sales in January, which was the slowest month for housing sales in 25 years. Over the past 10 years, February sales have typically surpassed January by an [...]
Share On the Scotiabank Real Estate Forum held in Toronto today, experts expect: Residential Outlook — Canada Canadian housing starts totalled 211,056 units in 2008, down about 8% from an average of almost 230,000 units from 2004-2007. Higher multiple-unit construction was offset by a double-digit decline in single-family homes, with most of the falloff in [...]
Share Ipsos Reid poll – According to the recently released Ipsos Reid BC Home Buyers report, four-in-ten (42%) British Columbians expect housing prices to be lower in twelve months, down from 57% in November. Overall, British Columbians are forecasting a 3.0% average drop in home prices in their community, an improvement from the end of [...]
Share CREA release – National MLS® home sales activity is expected to decline in 2009 before rebounding in 2010, according to a new residential housing forecast prepared by The Canadian Real Estate Association. National MLS® home sales activity declined 17.1% in 2008, and MLS® sales activity is forecast to fall an additional 16.9% to 360,900 [...]
Recent Comments