604homesblog

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 ...

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" numbers indicate the starts up up 10% over the same period last year. Single family ...

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 ...

I heard of this first yesterday on CBC radio and now it is out on their website. The Brio condominium project in Abbotsford has stopped construction. They had only sold 20 of the proposed 174 units. The CBC story says: Brio buyers appear to have emerged relatively unscathed, even though their dreams of living in a luxury condo may take more ...

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 ...

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 of pre-sale buyers earlier this year The Sophia, located in Mount Pleasant, was ...

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 month in Vancouver keeping pace with January last year. Detached (CMHC calls them "single ...

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 ...