604homesblog

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 housing starts for the first quarter of 2008 were released. Building Permits Are Down RBC ...

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 up, but prices are still strong. The fact that a number of developers started construction last ...

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 look. I have to run right now, but I wanted to get the news out there. Hat tip to Victoria ...

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 by the way is getting very good at combining TV and the internet). It is quite ...

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 the highest in 30 years.  “Housing starts remained strong in November and are ...

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, combined with the very firm tone in the labour market data lately, means we lean towards the ...