BC house prices jump 15.5% in Dec 2009
Share BCREA release – The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 132 per cent to 5,703 units in December compared to the same month last year. More homes were sold last month than in any December on record except 1989 when 6,014 units were sold. (full report) “2009 came in like a lamb and went out like a lion,” said Cameron Muir, BCREA Chief... [Read More...]
Red hot housing market in Vancouver Nov 2009
Share November Home Sales Continue at Torrid Pace BCREA release – The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 165% to 7,182 units in November compared to the same month last year. Last month posted the highest number of MLS® residential sales for the month of November since 2005, when 7,721 units changed hands. Triple-digit gains in province-wide... [Read More...]
Forecast: BC housing sales to jump 20% in 2009; 8% in 2010
ShareMarket Strength Extends Through 2010 BCREA Fall 2009 Housing Forecast BCREA release – The British Columbia Real Estate Association (BCREA) has just released its Fall 2009 Housing Forecast. BC Multiple Listing Service® (MLS®) residential sales are estimated to increase 20% to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8% to 89,600 units. The ten-year average is 82,800... [Read More...]
Vancouver Aug 2009 real estate sales skyrocket 120% over last year
ShareA bit late this month… here you go. REBGV release – The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver increased 119.5% in August 2009 to 3,441 from the 1,568 sales recorded in August... [Read More...]
New home price index June 2009
ShareSTATCAN – Contractors selling prices in Canada decreased 0.2% in June compared with a 0.1% decline in May. Between May and June, prices declined the most in Vancouver (-0.9%) followed by Edmonton (-0.8%) and Victoria (-0.5%). In Vancouver, some builders lowered their prices to stimulate sales and sell off their houses in inventory while others offered free upgrades and cash incentives. A small number of builders did increase their prices... [Read More...]
’000s will be added to new homes after HST
Sharewhao….. according to the following story from The Province, after the HST: A new home with price tag $800,00 + $56,000 (currently PST not applied on new homes) - $20,000 (rebate) - $8000 (builders’ “input tax credit”) ——————————————————- + $28,000 You thought that’s the end of it? No! Realtors’ commissions... [Read More...]
July 2009 home sales better than pre-recession
Share REBGV release – The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 4,114 in July 2009, becoming the highest volume of sales ever recorded within the REBGV for that month, outpacing the 4,023 sales in July 2003, which is... [Read More...]
4 in 10 BCers plan to buy a home in the next 5 years
ShareBCREA survey - A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving.. Sponsored by the British Columbia Real Estate Association (BCREA), the May 2009 Mustel Group survey tracked several key measures asked in a January 2009 BCREA survey, including top affordability barriers and how provincial taxes impact BC homebuyers. It also... [Read More...]
Buyers’ market is gone: study
ShareRemax release – Pent-up demand for residential housing has bolstered sales in Canada’s major markets – a clear signal that the housing sector has shifted into recovery mode, says RE/MAX. More balanced market conditions have emerged, effectively ending the stronghold that buyers had on the market over the past six to eight months. Canada’s largest markets, Toronto and Vancouver, led the charge-with June sales among the... [Read More...]
Vancouver area homes sales June 2009
Share REBGV release – The combination of low interest rates and more affordable pricing helped propel Greater Vancouver home sale numbers to the second all-time highest total for the month of June. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties increased 75.6% in June 2009 to 4,259, from the 2,425 sales recorded in June 2008. The figure is just short of the record-breaking... [Read More...]
