Archive for ◊ December, 2008 ◊

06 Dec 2008 Making sense of today's housing market
Author: Gary Gao |  Category: Market Updates  | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,  | Leave a Comment

In recent months, economists have had the unenviable task of trying to calculate the direction the housing market is likely to take, factoring in things like unemployment rates, population and immigration figures, economic growth, mortgage rates, and that most nebulous of criteria, consumer confidence. more…

06 Dec 2008 Get ready for real estate rebound
Author: Gary Gao |  Category: Market Updates  | Tags: , , , , , , , , , , , , , , , , , , , , , , ,  | Leave a Comment

Will 2009 boom or will it be more doom and gloom?

Now you’re probably thinking: “A real estate boom in 2009? You’ve got to be kidding!” While the market may not exactly boom in 2009, there are a number of factors that may signal a dramatic improvement over the next 12 months. Here’s what’s happening that could make 2009 better than anyone anticipates. more…

02 Dec 2008 Slow home sales create window of opportunity
Author: Gary Gao |  Category: Market Updates  | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,  | Leave a Comment
Below is a copy of the latest statistics release. You can view the complete statistics package for November by clicking on the following link: November Stats.
VANCOUVER, B.C. – December 2, 2008 – November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market. more…