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03 Sep 2009 Residential housing starts take hit in 2009

Author: Gary Gao | Category: Market Updates | Tags: Abbotsford, Agency, Association, british columbia, canada mortgage and housing corp, construction, consumer confidence, economy, greater vancouver, increase, lower mainland, metro vancouver, mortgage, organization, Photograph, population, Vancouver, vancouver sun | Leave a Comment

CMHC predicts only 16,250 new homes in B.C. this year, but forecast is better for 2010 more…

03 Sep 2009 Mortgage-rate rush helps push up Lower Mainland prices

Metro’s average property prices climb to within 3 percentage points of their peak more…

31 Aug 2009 Real Estate Sector Recovering Worldwide

There are strong new reports that the global real estate market is hitting the bottom and some impressive positive news is coming from real estate markets around the world. In the U.S., the real estate market has yet to hit the bottom, but at least it is very close. more…

31 Aug 2009 Mark it in your calendar – the Canadian recession ended in June

Statistics Canada reported Monday that Canada’s gross domestic product grew by 0.1 per cent in June, the first monthly increase since July, 2008. The return to growth, although faint, was expected. Here’s what the country’s leading economists have to say: more…

29 Aug 2009 B.C. real estate on an upward climb for the rest of '09

Author: Gary Gao | Category: Market Updates | Tags: cameron muir, chief economist, collapse, declines, economic forecasts, expectation, helmut, home purchases, low mortgage, mortgage rates, multiple listing service, news release, real estate sales, recession, remainder, retail sales, s market, unemployment, Vancouver, year to date | Leave a Comment

Home purchases have doubled since January’s near collapse, says economist

VANCOUVER — Spurred by record-low mortgage rates, provincial real estate sales should continue to rise through the remainder of 2009 from last year’s market fall, according to the B.C. Real Estate Association’s latest forecast. more…

21 Aug 2009 Harmonize this: HST will hit condo maintenance fees

Author: Gary Gao | Category: Market Updates | Tags: Agency, amount, Anybody, Association, B.C, british columbia, burden, cent, com, condo, Condominium, consumer, Copyright, corporation, credit, depenner, director, exemption, Finance, GST, Harmonize, Harmonized, heating, Homeowners, HST, impact, input, janitorial, Kevin Thom, landscaping, legislation, lot, maintenance, Management, Ministry, organization, parking, picture, potential, pricing, property, province, re-examination, rebate, Sales, sort, status, strata, Sun, system, Tony Gioventu, Vancouver, year, 加国 | Leave a Comment

British Columbia’s condominium owners can expect their building maintenance fees to rise up to seven per cent when the Harmonized Sales Tax (HST) takes effect next July, according to groups that represent them. more…

05 Aug 2009 First-time buyers spearhead record July for Metro Vancouver real-estate sales

VANCOUVER — Consider first-time buyers the stone thrown into the Lower Mainland’s real-estate-market pool. more…

05 Aug 2009 Strong spring market carries into summer months

VANCOUVER, B.C. – August 5, 2009 – The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices. more…

03 Jul 2009 Second busiest June on record for Greater Vancouver real estate sales

METRO VANCOUVER — Greater Vancouver realtors had their second busiest June on record this year as buyers jumped at lower property prices and near record low mortgage rates, the Real Estate Board of Greater Vancouver reported Friday. more…

03 Jul 2009 Market conditions drive strong June housing sales

Author: Gary Gao | Category: Market Updates | Tags: Apartments, benchmark price, canada post, Chilliwack, city of north vancouver, consumer confidence, coquitlam british columbia, Delta, downtown vancouver, earned dollars, economic fundamentals, free home evaluation, General Listings, Government, history view, home ownership, ICBC, local real estate, lower mainland, metro vancouver, mls sales, Mount Seymour, multiple listing service, neighbourhoods, north delta, north road coquitlam, north shore mountains, North Vancouver, north vancouver district, oak hardwood floors, own real estate, real estate board of greater vancouver, real estate in british columbia, real estate sales, REALTOR, Richmond, saving for the future, Scott Russell, selling your home, simon fraser university, Surrey, unprecedented increases, vancouver british columbia, vancouver sun, view detailed information, west coast realty | Leave a Comment

VANCOUVER, B.C. – July 3, 2009 – 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 per cent in June 2009 to 4,259, from the 2,425 sales recorded in June 2008. The figure is just short of the record-breaking 4,333 sales which occurred in June 2005. more…

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