Share A team of rich Chinese tourists is heading to Toronto and Vancouver in August on a shopping trip to buy million-dollar homes, according to the organizer soufun.com. Soufun is China’s biggest real estate website, standing at #198 on Alexa’s WWW ranking. Soufun organized China’s first overseas property buying trip last year to the US [...]
Share CREA release – The Canadian Real Estate Association (CREA) has lowered its forecast for home sales via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations. The revision reflects a weaker than expected start to the year in British Columbia, and recent developments that pulled forward the timing as to [...]
Share BCREA release — The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 21% to 8,385 units in April compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 4% from March 2010. The average [...]
Share Meet Vancouver’s – and North America’s – first laneway house! Located in Vancouver’s east, this laneway house has 710 sq ft spread over two storeys. The rooms are small but the layout is well-designed. I’m sure a lot of Chinese homeowners will be interested in the idea. This one took $190,000 to build with [...]
Share With the non-stop eroding of housing affordability in Vancouver, what else can first timers expect to buy except condos? Well, my folks didn’t buy me one anyway. CNW release – Want a condo? Ask mom and dad. According to the 4th TD Canada Trust Condo Poll which surveyed Canadians who would consider purchasing a [...]
Share REBGV release –The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highest-selling April on record. The figure [...]
Share Ipsos Reid release – Gradually being pushed back out by climbing housing prices, the wave of first-time buyers which characterized the market in the first half of 2009 is dwindling. Currently among home buyers, three-in-ten (29%) are first-time buyers, gradually trending down from nearly four-in-ten (38%) at the same time in 2009. Compared to [...]
Share RBC Economies release – British Columbia once again posted some of the country’s largest increases in homeownership costs in the fourth quarter of 2009, according to the latest housing report released today by RBC Economics. (full report) The RBC Housing Affordability measures for B.C. rose 1.0 percentage point for detached bungalows and 0.8 percentage [...]
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 [...]
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 [...]
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