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CMHC reports this morning that this January's housing starts were about half of what they were in January '08. Housing starts were down across detached and attached categories, but not in all areas, as Delta, Langley and Maple Ridge saw increases.
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The Real Estate Board of Greater Vancouver has released the December 2008 stats with the headline: 2008 brought improved housing affordability to Greater Vancouver. Not that catchy, but true enough. Sales of residential properties were down 35.3% in 2008,
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Well, as you may have heard, the numbers were not good last month with sales activity (units sold) down about 70% over last November. Prices were also down, with almost all areas (except detached homes in Squamish, the Sunshine Coast and a 0.6% increase
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So the September stats from the Real Estate Board came out yesterday and it was great new with prices up 400% and sales up by 1 billion units. Okay, just kidding, the news was bad. Sales were down 42.9 per cent compared to last September. As well 28.8
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The day started off with some pretty good new in my inbox with an email from RBC letting me know that housing starts were up in August. As I have mentioned before I don't think monthly housing starts are too useful anyways, but up is always better
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I have just not been motivated to blog lately. Maybe it was the rainy end of the summer. I don't really know. Anyway, the August stats came out a couple of days ago and I thought I better get the news out to you fine folks. I am sure you have seen
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Of course not, but it looks like Vancouver real estate was on vacation too while I was away. In the two weeks I was away there were about 715 new listings, over 500 price changes (I am guessing mostly reductions), and just 250 sales in the City of Vancouver.
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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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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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Quite the splashy title for the old RBC. As has been widely reported the Canadian market generally has cooled although it is cooler in some parts of the country (Calgary and Edmonton) than in others. The reports starts out talking about how the slow down
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In the "this is just a giant real estate ad" House Hunting section of the Vancovuer Sun today was an article (Title: Camp Report Released: Canadians have a balanced view of the real estate market) about a report that has been released by CAAMP
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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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I am bit late getting these out, but here they are nonetheless. Last Friday the Real Estate Board of Greater Vancouver (REBGV) released the April statistics and earlier this week Canada Mortgage and Housing Corp (CMHC) released Vancouver's April housing
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