Blog & News: News Media Reports
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| Metro Vancouver home prices climb while sales drop - Vancouver Sun
April 03, 2012 VANCOUVER -- Prices of homes in the Greater Vancouver area continue to climb while home sales have dropped to some of the lowest levels seen in a decade, the Real Estate Board of Greater Vancouver said Tuesday. Sales of residential properties were down 29.6 per cent in March compared to a year earlier, ... |
| Vancouver Sun: Real estate in Metro Vancouver: Is spring a good time to buy?
March 29, 2012 Metro Vancouver residents are split this year over whether spring is a good time to buy real estate, according to a new consumer confidence survey. “What’s really interesting is how definitive it’s become,” said Ian Martin, general manager of REW.ca, the online real estate search site ... |
| Budget Announces Tax Credit for First-Time Home Buyers
February 21, 2012 Yesterday, the provincial government announced a one-time refundable income tax credit first-time home buyers who purchase a newly constructed home, effective yesterday, February 21, 2012 through to March 31, 2013. The credit is calculated as five per cent of the purchase price of the home up to a maximum ... |
| The Vancouver Sun: Housing market to remain steady reports CMHC
February 13, 2012 OTTAWA — Canada's housing market will remain steady this year and through 2013, with home prices expected to rise moderately, Canada Mortgage and Housing Corp. said Monday For more information click here ...Read More... |
| The Canadian Press: Home prices approaching bubble territory
March 09, 2011 Home prices are approaching bubble territory, although a cool-off is expected. OTTAWA - Canada's housing market is reaching the limits of sustainability and could tumble if there is no moderation, the Bank of Montreal says. The bank notes Canada's hot housing market ... |
| Vancouver Sun: Richmond, Vancouver's west side big seller's markets
March 03, 2011 VANCOUVER - Richmond and Vancouver's west side housing markets are red hot, according to a monthly real estate report released Wednesday. "It's a huge sellers' market, the strongest in those areas I've ever seen," Real Estate Board of Greater Vancouver ... |
| Federal government brings in new mortgage financing rules
January 28, 2011 To help Canadians save more and spend less, the federal government has introduced new rules for government-backed insured mortgages. New mortgage rulesThe government is reducing the maximum mortgage amortization period to 30 years from 35 years. The government is reducing the maximum amount of the value of a home that ... Read More... |
| CBC News: Flaherty tightens mortgage taps
January 17, 2011 Federal Finance Minister Jim Flaherty announced tighter mortgage rules on Monday to address concerns over high Canadian household debt. "In 2008 and again in 2010, our government acted to protect and strengthen the Canadian housing market," Flaherty told a news conference in Ottawa. "We continue ... |
| Vancouver Sun: Average Vancouver house price hits $1 million, expected to rise further: Royal LePage
January 06, 2011 OTTAWA — Home prices will continue a "moderate and steady climb" this year, helped along by an improving economy and low interest rates, according to a report released Thursday. Real estate services firm Royal LePage said the average price of a home in Canada will rise three per cent to $348,600, ... |
| Vancouver Sun: Metro Vancouver property values jump, especially in Richmond
January 04, 2011 B.C. property assessments online, see evaluations of your homes and others. Market values for residential property in Richmond jumped 17.14 per cent over the past year, largest of any B.C. municipality with a population greater than 5,000, according to B.C. Assessment estimates posted on its ... |
| CBC News: Vancouver real estate sales up in November
December 03, 2010 Vancouver-area residential home sales improved in November compared to the previous four months, says the Real Estate Board of Greater Vancouver. The number of sales posted on the Multiple Listing Service came in slightly higher than the 10-year average for that month, although still well below the mark reached ... |
| Vancouver Sun: Dream of home ownership gets easier in B.C., RBC report says
December 02, 2010 Lower interest rates and flat prices help buyers, although province remains an expensive housing market. B.C. homebuyers have won a temporary reprieve from the sharp drop in affordability since the middle of 2009, according to a national report release Monday byRBC Economics Research. (Click ... |
| Vancouver Sun: Real Estate Investment Trusts will have a tax advantage in 2011
December 02, 2010 Four years ago the federal government announced that publicly traded income trusts, which provide big tax advantages over traditional corporations, would lose that edge by the end of 2010. The market reaction was swift and terrible, erasing $25 billion from the market value of income trusts and raising a ... |
| Vancouver Sun: Prices point to balanced housing market: Royal LePage
October 25, 2010 A few weeks or months of unusually high period-over-period price increases after a recession is not a bubble, expert says The average price of a Canadian two-storey home in the three-month period ending in September was up 4.4 per cent, to $360,329, from a year earlier, Royal LePage reported. (Click here to download ... |
| Financial Post: New home prices rise surprisingly in August: Statistics Canada
October 14, 2010 OTTAWA — New home prices edged up unexpectedly in August, led mainly by increases in Eastern Canada, Statistics Canada reported Wednesday. Read more: http://www.vancouversun.com/business/real-estate/home+prices+rise+surprisingly+August/3663779/story.html#ixzz12NLq786X... Read More... |
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