Vancouver Real Estate

The Vancouver Sun shouted at me on Friday morning "FRASER VALLEY HOUSE PRICES AT 8-MONTH LOW". Followed by a nice little graphic showing average prices dropping Surrey (-2.1%), White Rock(-16.3%!), Langley (-1.3%), Abbotsford (-0.1% ooooo!) and Mission (-6.1%). Now I must admit that I was a littl...

The Real Estate Board of Greater Vancouver has just released the statistics from November. November this year was significantly busier than last year with 2,883 units sold in 2007, an increase of 22.2 per cent compared to 2,358 sales in November 2006 . Of course last year was horrendous for the w...

It looks like the Bank of Canada is not as bullish on the economy as the Royal Bank and they actually did cut the target overnight lending rate from 4.5% to 4.25%. I would imagine that ou can expect a similar drop in some of the mortgage rates. I will the leave the econimc analysis to the experts...

On Tuesday the Bank of Canada (BoC) will release their latest interest rate announcement and in my "Daily Economic Update" from the Royal Back (or are they just RBC now?) they had this to say: "Recent indications of firm domestic demand, combined with the very firm tone in the labour market data ...

I heard some talk of this yesterday, but no specific project mentioned. Well low and behold my morning Vancouver Sun had it right there in the business section (apparently this is not front page news anymore) and also on cbc.ca. It seems that the Eden Group has cancelled their planned development...

The Vancouver Organizing Committee (VANOC) unveiled not one, but three mascots for the 2010 Winter Olympics and Paralymic Games today and already many are voicing their disapproval. These are adults complaining about cartoon characters. Please, do they have nothing better to do! The news story on...

So what is happening I hear is that some Americans are selling (cashing in) their Vancouver, or anywhere in Canada, homes to buy into depressed US real estate markets with strong Canadian dollars and the profits of our strong real estate market. I had heard in the local press of Canadians buying ...

Is Metro Vancouver as liveable as international reports say it is? The Vancouver Foundation answers this question in its Metro Vancouver’s Vital Signs® 2007 report. The report tells what it’s like to live in the 21 municipalities that make up Metro Vancouver from the perspective of those of us wh...

October was another strong month for the Metro Vancouver / Greater Vancouver real estate market. Sales were over 3000 units, which was 11.2% over last October and only 2.3% below the heady days of October 2005. “This is only the fourth time in 25 years that sales have surpassed the 3,000 mark in ...

Canada  Mortgage and Housing Corportation (CHMC) today released their annual report on the state of housing in Canada, the 2007 Canadian Housing Observer. The focus of the report is sustainable housing. Really isn't it the focus of everything these days. Any company or organization who can make a...