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Vancouver Sun - Business / Real Estate
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Business - Real Estate top stories
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Metro Vancouver prices stable as sales drop: report
Sellers were more active than buyers in January as prices stabilized and sales dropped, according to a report released Monday by the Real Estate Board of B.C.
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Photos: Denise Rich’s outrageous pad among the top NYC listings over $60 million US
With 20 rooms, 3 kitchens, 11 bathrooms and wrap-around terraces — one of which was hosed over for a house party that called for a regulation-sized skating rink — it’s a luxurious and sprawling triplex that trumps even the highest of living standards of the Big Apple’s socialite set. Dense Rich's triplex just got listed, among other real estate listings over $60 million.
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Video: Housing market expected to keep rising
There are new indications of where Canada's housing market could go in the months ahead.
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Vancouver condo market on watch list as real estate balloon deflates
Canada's housing market is not a bubble, it's a balloon. And unlike the catastrophic decline the U.S. housing market experienced in 2008, the market in Canada will deflate slowly rather than pop, according to a report by BMO Capital Markets.
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Federal government urged to support rental-housing market
Municipalities across Canada are calling on the federal government to support the construction and renovation of rental housing.
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U.S. house prices show unexpected November decline
Prices for U.S. homes fell again in November
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Looser lending standards by Canadian banks raise concern
Canadian lenders are loosening standards on mortgages that are similar to U.S. subprime loans, posing an "emerging risk" to financial institutions, according to the country's banking regulator.
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Ex-NHLer Len Barrie told to leave Vancouver Island mansion
Court orders Ex-Bear Mountain CEO to turn over property to HSBC Bank Canada
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Owners whose homes slid down riverbank to get $1.35 million
Three Edmonton homeowners whose houses slid into a river valley more than a decade ago will get $1.35 million in compensation under an agreement with the province and the City of Edmonton.
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Housing prices fall in November
Canadian house prices dropped in November for the first time in nearly a year, according to the monthly Teranet-National Bank house price index released Wednesday.
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Luxury condo in Calgary sells for record $8.3 million
CALGARY — A condo in The River, a luxury residential development in Calgary, has sold for a record $8.3 million — the most expensive condo sale ever in the city. The 5,260-square-foot condo covers the entire 12th floor of the 15-storey tower in the new project, located at 135 26th Avenue S.W., along the Elbow River.
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Tips for making good green choices
Trying to make environmentally sound choices when renovating or building new can leave your head spinning. These tips will get you started.
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Vancouver displaces Sydney as second most-expensive housing market on well-known survey
Vancouver displaced Sydney as the least-affordable housing market after Hong Kong among large English-speaking cities, as home prices rose faster than incomes, a study of 325 metropolitan areas worldwide showed.
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Irish property prices collapsing, officials say
The drop in Irish house prices is accelerating, according to official statistics on January 24, 2012 which show the cost of a home in Dublin is now 54 per cent lower than at the height of the property boom in early 2007.
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U.S. home sales at 11-month high
Sales of previously owned homes rose to an 11-month high in December and the supply of properties on the market tumbled to a near 7-year low, pointing to a nascent recovery in the U.S. housing market.
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Falherty says government ready to intervene on housing, but not now
OTTAWA - The Canadian government is watching the housing market closely and is ready to intervene if necessary, but is not about to do so now, Finance Minister Jim Flaherty said on Tuesday, noting he saw indications of softening in the market.
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Photos: Eerie ghost towns left in wake of Japan's Fukushima nuclear disaster
Nuclear fuel leaks from the Fukushima Daiichi nuclear power plant, which was heavily damaged by the 2011 earthquake and tsunami in Japan, created the world's worst atomic disaster in 25 years. Up to 80,000 residents were evacuated from a 20 km (12 miles) radius of the Daiichi plant. The Japanese government says that some areas will likely remain too dangerous to live in for at least five years.
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Housing starts to drop: report
The short-term picture isn't pretty, and the long-term outlook is darkening for housing starts in Canada, according to a report released Tuesday by the Conference Board of Canada.
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Home sales up 1.8 per cent in December
Sales of existing homes in Canada rose 1.8 per cent in December from the previous month, and by 4.6 per cent from a year earlier, the Canadian Real Estate Association said Monday.
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More gains in Canadian home prices predicted for 2012
Canada's housing market will continue to be strong this year, with rising property values expected in all major markets, real estate brokerage firm Royal LePage said Thursday.
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Strong market means house prices to rise in major cities, realtor says
Canada's housing market will continue to be strong this year, with rising property values expected in all major markets, real estate brokerage firm Royal LePage said Thursday.
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Vancouver mulls creating rental website to help tenants search building records
Renters who want to avoid moving into an apartment with mould or faulty plumbing will have a new tool at their disposal if Vancouver council gives it the go-ahead next week.
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Photos: 'Pink House' goes on sale in Saskatoon
PinkWood Ltd. and Campbell Custom Homes celebrated the first all pink, mold, moisture and fire resistant home in Saskatoon, January 9. The framing materials for the house are factory coated with Pinkshield 5000, a coating proven to resist mold, moisture and fire. A portion of the proceeds of the sale of the “Pink House” will support the Breast Health Centre in Saskatoon.
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B.C. Assessment's 'average' homes in Metro Vancouver (Part 2: Burnaby, Coquitlam and area, New West)
B.C. Assessment has released its list of property valuations: The following is the average valuation of homes in various parts of Metro Vancouver in 2012. (Part 2: includes Burnaby, Coquitlam, Port Coquitlam, Port Moody, and New Westminster)
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B.C. Assessment 2012: How much did your residential property value jump?
B.C. Assessment released its data on the value of homes in the province on Tuesday. While some regions saw values skyrocket, others dropped. Take a look to see how your property's value (and your taxes) will jump this year.
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