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Canadian Building Permits Down, But Housing Starts Up
I've been a lazy blogger this week. Not much in the way of big Vancouver real estate news, but I've been meaning to get out this post. On Monday this week Canadian building permit numbers for February were released and on Tuesday the Canadian Read More...
SURPRISE! Vancouver Housing Starts up in February. Who Cares?
According to CMHC Vancouver housing starts were up over 100% last month compared to February 2007. This is good news for the newspapers, but what does this tell us that we didn't already know? Not much. The Vancouver market is healthy? Inventory is Read More...
Not Again! Abbotsford Condo Project BRIO Stops Construction
I heard of this first yesterday on CBC radio and now it is out on their website. The Brio condominium project in Abbotsford has stopped construction . They had only sold 20 of the proposed 174 units. The CBC story says: Brio buyers appear to have emerged Read More...
Chandler Developments Sends Two Projects in Receivership: H & H and Garden City
Not Chandler again! Didn't we have enough about him last year. He too has run out of money and his H & H and Garden City projects are too be completed by someone else. CBC broke the news just after midnight last night on their website. Take a Read More...
Eden Developments Vancouver Condo Development Sophia Hits a Wall
Or rather, it stops hitting walls. CBC reported the other day that Bill Eden's Eden Developments had stopped construction of its only active development, the Sophia. In a situation eerily similar to the Riverbend development that cancelled the contracts Read More...
Vancouver BC Real Estate: Housing Starts Up In January
Well its Friday and Fridays are for fun and Vancouver housing starts aren't very fun, but CMHC just released the January housing starts numbers so here we are. Housing starts must for fun for someone. The numbers are good with housing starts for last Read More...
Buying a New Condomnium in Vancouver? Be Very Careful
Last night CBC TV's Wendy Mesley had a great story on Marketplace all about the risks inherent in buying a condominium at pre-sale from the developer (or the the marketing company they've hired). You can watch the video on CBC's website (which Read More...
Vancouver Real Estate: Housing Starts Near Record Levels in 2007
More good news for the Vancouver and Canadian real estate markets came today as Canada Mortgage and Housing Corporation (CMHC) released their reports on housing starts across Canada and from larger centres across the country. Across Canada housing starts Read More...
Vancouver Real Estate: November Housing Starts
The big real estate news in Vancouver yesterday was Canada Mortgage and Housing Corporation (CMHC) release of the November housing starts numbers. Nationally housing starts were stable compared with October, but in Metro Vancouver housing starts were Read More...
Royal Bank Predicts Canadian Interest Rates to Remain Stable and Building Permits to be Down
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, Read More...
Vancouver Condominium Projects Cancelled: The Elyse and Montgomery Estates by Eden Group
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 Read More...
Friday Fun: Exploding Hot Water Tanks, Crafts, and Giving on a Sunny Day in November
Earlier this week in the Raincity Guide out of Seattle I read a story about exploding hot water tanks . Actually they seem to call them "water heaters" in the U.S. I had never heard this before. I had also never heard that there is an urban Read More...
Real Estate in Canada: Housing Starts Move Higher in September
The Canada Mortgage and Housing Corporation (CMHC) released their report on housing starts in September today. Housing starts were up 19.6% compared to August and this was mostly a result of an increase in starts on multi-family construction. “The Read More...
Are You Building Green in Vancouver?
A Vancouver organization called Light House is presenting what they call a " non-technical workshop for homeowners, apartment-dwellers and anyone else interested in learning how to “green” their home" called Green Builing 101. They Read More...