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| Balanced real estate market prevailed through much of 2011
January 04, 2012 The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, ... Read More... |
| Canada’s Rental Vacancy Rate Decreases - CMHC
December 13, 2011 Below is an extract from the latest news release by Canada Mortgage and Housing Corporation (CMHC) about their fall Rental Market Survey. The average rental apartment vacancy rate in Canada's 35 major centres decreased slightly to 2.2 per cent in October 2011, from 2.6 per cent in October ... Read More... |
| What $500,000 Gets You In: Vancouver
December 13, 2011 I wrote the following post for BMO SmartSteps - click here to view: Consistently ranked as one of the very best cities to live in the World, living in Vancouver will unfortunately come at a price - it’s the trade-off for an incredible lifestyle. Price however, as we all know, is relative. From a Canadian perspective, ... Read More... |
| Take your neighbourhood expert with you. Anywhere.
December 09, 2011 Picture this... you find the perfect home. The curb appeal is sensational. You walk through the property and every room is just right: that quartz counter-top you’ve always wanted; a marvellous kitchen that makes you feel like Iron Chef; a luxurious tub in the en suite, and; plenty of closet space. You picture yourself ... Read More... |
| Bank of Canada Interest Rate Announcement - BCREA ECONOMICS NOW
December 06, 2011 As anticipated, the Bank of Canada maintained its target rate at 1 per cent this morning. On inflation, the Bank noted that it " expects the inflation rate to decline as a result of reduced pressures from food and energy prices and ongoing excess supply in the economy." The Bank ... Read More... |
| Historically normal activity keeps the Greater Vancouver housing market in a balanced state
December 02, 2011 The Greater Vancouver housing market saw relatively typical home sale and listing activity in November. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached ... Read More... |
| Canadian GDP Growth in Q3
November 30, 2011 Canadian economic growth rebounded strongly in the third quarter of 2011 following a slight contraction in Q2. Real GDP data released this morning showed that the economy grew a robust 3.5 per cent last quarter, propelled higher by surging exports. However, domestic demand moderated as consumers and businesses reigned ... Read More... |
| Housing Forecast Points to Market Stability in 2012: BCREA 2011 Fourth Quarter Housing Forecast
November 08, 2011 Vancouver, BC – November 8, 2011. The British Columbia Real Estate Association (BCREA) released its 2011 Fourth Quarter Housing Forecast today. BC Multiple Listing Service® (MLS®) residential sales are forecast to rise 3.2 per cent from 74,640 units in 2010 to 77,000 units this year, increasing a further ... Read More... |
| Greater Vancouver at lower end of balanced housing market
November 02, 2011 With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales ... Read More... |
| What areas of Burnaby and the Tri-Cities are considered a Buyers Market?
November 01, 2011 The following real estate statistics use the Sales-to-List ratio to determine which of the following areas are Buyers Markets. The stats also divide each area by product type. The areas include Burnaby, Port Moody, Coquitlam and Port Coquitlam. Click here to download stats package.... Read More... |
| BCREA on the Bank of Canada Interest Rate Announcement
October 25, 2011 As was universally anticipated, the Bank of Canada opted to hold its target overnight rate at 1 per cent this morning. Ongoing uncertainty in the Euro-zone continues to weigh heavily on the Bank's outlook. In its statement accompanying the interest rate decision, it was noted that the bank is now projecting ... Read More... |
| Housing Starts - BCREA ECONOMICS NOW
October 11, 2011 Canadian housing starts in increased in September, climbing to 7 per cent to a seasonally adjusted annual rate of 205,900 units. New home construction in BC also increased, rising 18.5 per cent from last month to a seasonally adjusted annual rate of 27,400 units. Total third quarter housing starts in ... Read More... |
| Canadian House Price Rally Extended As Low Rates And Relatively Stable Domestic Economy Brace Confidence
October 05, 2011 Softening seen in some regions but suggestions of impending US-style correction unfounded, according to Royal LePage The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 5.7 and 7.8 per cent in the third quarter of 2011, compared to the previous year. ... Read More... |
| Home listings continue to rise in the Greater Vancouver housing market
October 04, 2011 Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment ... Read More... |
| Home Sales Stable During Summer Months
September 15, 2011 Vancouver, BC – September 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 16.4 per cent to 6,504 units in August compared to the same month last year. The average MLS® residential price climbed 10.7 ... Read More... |
| BCREA on Bank of Canada Interest Rate Announcement
September 07, 2011 The Bank of Canada opted to hold the Bank's target rate at 1 per cent this morning. Market volatility over the summer and incoming data indicating very weak economic growth has prompted an abrupt change in the policy stance at the Bank of Canada. Whereas just a few short weeks ago it was widely expected ... Read More... |
| Greater Vancouver home sales trend toward buyers’ market over summer
September 02, 2011 August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year. The Real Estate Board of Greater Vancouver (REBGV) reports ... Read More... |
| CMHC: Canadian Housing Market to Remain Steady in 2011
August 24, 2011 OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition.1 “Housing starts have been strong in the last few months, but are forecast to moderate closer ... Read More... |
| The Residential Construction Performance Guide - an essential tool for homeowners!
August 23, 2011 The Residential Construction Performance Guide sets out the minimum required performance of new homes covered by home warranty insurance in British Columbia. Homeowners can search this free online Guide to help determine whether a possible defect in design, labour or materials in their new home may be covered by home ... Read More... |
| BC Home Sales Edge Lower in July
August 11, 2011 The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 12.9 per cent to 6,533 units in July compared to the same month last year. The average MLS® residential price climbed 10 per cent to $540,877 last month compared to ... Read More... |
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent.
This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.
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