The reasoning for trading up in a down Richmond housing market is best summed up by Sebastian Albrecht, a Vancouver Realtor at Royal LePage Westside. The housing market in Richmond is similar to the markets in other Greater Vancouver Municipalities. Home prices had come down by 10% to 12% from th
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11/08/2008
CMHC predicts shallow real estate correction The correction in Greater Vancouver and British Columbia real estate markets should be shallow, according to Canada Mortgage and Housing Corp., provided the province maintains projections for weaker economic growth and doesn't go into a full recession.
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10/31/2008
Pre-sale buyers who are not able or willing to complete their contracts can be sued by the developers. Some of these buyers are leaving large deposits and walking away from sums as high as $40,000. There is no accurate figure as what proportion of these pre-sale buyers are speculators. Some peopl
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10/29/2008
Richmond Real Estate Pricing Trend The most common question asked by home buyers on the value of a home is the relationship between current market price and the city assessment value of a property. The market value of a detached home is affected greatly by the location, home condition, and improv
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10/28/2008
Richmond Housing Trend from total sales recorded since 1998 reached the highest number of homes sold in 2005. That year, the total number of homes sold were 4,335 units with a monthly average of 470 units. The 2-year moving average trend line indicated sales momentum was slowing down in 2006 and
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10/19/2008
Richmond BC Real Estate Declining Market Since April, 2008, home sales activities in Richmond dropped significantly. Home prices were trending down as there were more sellers than buyers in the market place. Another housing market tracking and pricing charts presented by Brian Ripley showed that
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10/15/2008
Mellinium Water Vancouver's Olympic Village - Trouble Ahead? As the credit crisis south of the border begins to creep north, concerns are mounting over the impact it may already be having on construction of the athletes' village for the 2010 Winter Games.Last week, members of Vancouver's city co
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10/08/2008
Why Best of Richmond BC? It is about time that Richmond residents write about the "Best of Richmond BC" and tell others why they nominate the restaurants, people, places, experiences, shops, etc. As the subject is about the Best of Richmond BC, all submission are to be related to Richmond, BC. Ri
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10/06/2008
Changes are coming to Richmond City Centre Two years ago, ALEXIS ROOHANI wrote: The rush to Richmond Planners are preparing for a tripling of the population over the next 25 years as Vancouver's housing refugees flock to the suburb in search of affordability and a better quality of life, writes A
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10/05/2008
As reported by CBC News A Statistics Canada study that shows people in Richmond, B.C., have a higher life-expectancy than those in Japan has stumped at least one expert. The report Health Indicators, released Tuesday, shows that babies born in Richmond today can expect to live to an impressive av
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10/03/2008
