604homesblog

  The British Columbia Real Estate Association (BCREA), the Canadian Home Builders’ Association of BC (CHBA BC) and the Urban Development Institute (UDI) today announed the new "Presale Cross Reference List" to help consumers with understanding the risks, and opportunities, involved in buying real estate at pre-sale."Over ...

No time to write much about it (I'll update this later), but realtor.ca is now live. Go check it out!   Matthew Collinge: Vancouver REALTOR®

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 out of concern for their household budgets.” B.C. wide unit sales were down 31% (30.5% in ...

Well, starting June 23rd, this form and ALL the info it asks for will be required by law in Canada for all real estate transactions. This is part of the Proceeds of Crime Money (Money Laundering) and Terrorist Financing Act which I am guessing was passed in reaction to 9-11. It sure asks for some detailed information. We will be asking for your ...

I like to CAPITALIZE the first letter of very word in my titles, but small case seemed better today. Anyway, yes, mls.ca will no longer be mls.ca although they will, of course, be re-directing you to the new site should you try to go there. mls.ca is to be re-branded as realtor.ca. The rational is to remove any misconception that it is thee mls ...

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, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations ...

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 markets, rising cost of capital and growing downside risks to the US economy.   ...

The British Columbia Real Estate Association (BCREA) has launched a new website for REALTORS® and consumers all about "green" real estate called the Green Toolkit (for REALTORS®). I don't know why they had to include the "for REALTORS®" part because it looks like the site is full on good info for anyone ...

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 market and whether or not the boom is over. The Globe and Mail's Report on Business ...

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 consecutive quarter throughout 2007 to end up at its most unaffordable level since the ...