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The British Columbia Real Estate Association released the following press release today: For immediate release Financial/Equity Markets Impact October Home Sales Vancouver, BC – November 14, 2008. British Columbia Real Estate Association (BCREA)
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The Vancouver Sun reported yesterday on a study by Landcor regarding the potential for residential growth around Canada Line stations in the next 10 - 20 years. For this to occur you need high density zoning and good market conditions they say. Well duh!
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The Real Estate Board of Greater Vancouver released the June 2008 statistics yesterday and the media are having a hay-day with them. No question the market has changed. Listings are way up (18.3 per cent to 6,546 in June 2008 compared to June 2007, when
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No time for any commentary on this today, but I thought you'd be interested. Everything below is from RBC Economics' monthly Economics Digest . You can comment below. ------ Housing market froth finally evaporating After yet another blockbuster
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This was the headline of the British Columbia Real Estate Associations (BCREA) news release today. BCREA Chief Economist says “Rising fuel and food prices are impacting the housing market, as many potential homebuyers take a wait and see approach
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Straight from my Daily Economic Update from RBC (I wish they would quote the source of the stats. Maybe it is RBC itself.): The new housing price index was flat in April with the annual pace of increase slowing to 5.2% down from 6.1% in March. The house-only
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Amongst all the news off increased listings and (slightly) decreased sales came the news earlier this week that housing starts are up so far this year in Vancouver. On Monday the Canada Mortgage and Housing Corporation (CMHC) announced that "preliminary"
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The Real Estate Board of Greater Vancouver has released the May 2008 statistics and the news is pretty familiar if you've been listening to the big media lately. The first few sentences of the press release really tell the story, sales are down, listings
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Selling a home on one of Vancouver's busy streets can be a challenge. Yesterday I was walking along West 6th Ave. on my way to lunch and I noticed that I had walked past 4 For Sale signs in about a block. I happened to have my Flip Camera with me
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The British Columbia Real Estate Assciation (BCREA) released a press release yesterday morning with the title More Homes for Sale - Welcome News for Homebuyers and indeed the inventory of homes for sale in British Columia is up. Sales were down last month,
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Hello again! I've been on holiday and also just been a bit lazy with the blog lately. I am trying to get back on the ball, as it were. Today the British Columbia Real Estate Association released their Spring 2008 Housing Forecast . I also heard BCREA
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The Bank of Canada cut it's overnight rate by 50 basis points,or 1/2 a percent, to 3% this morning. The major bank will most likey respond with a cut in their mortgage rates. The rationale for the cut was that: Growth in the global economy has weakened,
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RBC reported today that they: We look for the Bank of Canada to slash the overnight rate by 50 bps to 3% and expect the statement will reinforce policymakers’ concerns about Canada’s economic prospects given the sustained volatility in financial
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I came across an interesting and seemingly well thought out article in Canadian Business Magazine this morning. The title: Real estate: Nasty neighbours, by David Wolf. The subject of course is not so much will the US real estate meltdown effect the Canadian
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I was away for Spring Break last week. Got back on Tuesday but have been busy catching up the last couple of days. Now its time to get you, and me , up to speed on the latest real estate news. The trend seems to be towards analysis of the future of the
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