604homesblog

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 news than down, well not always, but in this case... As we all know the Vancouver real estate ...

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 component fell 0.1% in April and the land component posted a 0.2% increase. On a ...

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 ...

More good news for the Vancouver and Canadian real estate markets came today as Canada Mortgage and Housing Corporation (CMHC) released their reports on housing starts across Canada and from larger centres across the country. Across Canada housing starts remained up fo rthe year despite a weak December.“Growth in 2007 housing starts was ...

If you purchased a pre-sale home, townhouse, or condominium in the past few years and it hasn't completed yet you might have been thinking you could save 1% if it completed after the new year. It looks like this is not the case. The British Columbia Real Estate Association sent out the following memo in regards to the reduction in the GST as ...

There are two real estate articles in todays Vancouver Sun. Take a look: Buyers are have been ling up for days already for sales to start tomorrow at the Millenium Water Sales center in South East False Creek. And apparently our tax dollars have been hard a work again. StatsCan has done a report that comes to the conclusion that young ...

A report released today by Stats Canada reports that the value of  building permit aplications fell to it lowest level in almost a year last month. No need to panic really as in January they were at the second highest level ever recorded.  The report noted:"The number of approved units in the residential sector has been on a ...