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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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RBC Royal Bank released their quarterly (is it really the 2nd quarter already?) housing affordability report today and the news is not good on the affordability front. The report starts out by saying: Nationwide housing affordability deteriorated in every
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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
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The Real Estate Board of Greater Vancouver (REBGV) released their February 2008 statistics yesterday with the headline "Housing options broaden for buyers in February". Sales across all categories (detached, attached and condominiums) were down
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Remax Canada released their Decade in Review report late last week and it revealed some interesting facts about the Vancouver real estate market . From 1997 - 2007 Vancouver did NOT have the highest residential MLS® average price appreciation in Canada.
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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
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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
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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
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The Real Estate Board of Greater Vancouver (REBGV) has released their January 2008 statistics release. The headline is "New listings rise to start the New Year" as there were 14.9% more new listings this January in Greater Vancouver than in
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Well suprise suprise!! In a housing affordability report released and titled "Housing affordability is forecast to improve in 2008" RBC has very little good news for us. The first words on the report state "Although the result is heavily
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