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 ...

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 ...

This is the 4th year for the BC Real Estate Convention and it has gotten bigger every year. It must be the cost of admission. It is free! There will be exhibitors from many different real estate related fields, including developers both local and international), lenders, renovators, insurers, and of course some REALTORs will be there as ...

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 ...

I heard some talk of this yesterday, but no specific project mentioned. Well low and behold my morning Vancouver Sun had it right there in the business section (apparently this is not front page news anymore) and also on cbc.ca. It seems that the Eden Group has cancelled their planned development in Mount Pleasant, The Elyse, at East 7th Avenue ...

CMHC predicted in a press release today that housing starts will dip slightly next year, although they are predicted to stay above the 200,000 unit level for the 7th year running. “Continuing high employment levels, income gains and low mortgage rates have been a boon to Canada’s housing markets. Despite this, however, housing starts ...

If you are considering puchasing a newly constructed, or pre-sale, home in Metro Vancouver in the near futute then you will not want to miss the Greater Vancouver Home Builders' Association Parade of New Homes. The seventh annual Parade is on from October 20th to the 28th this year and will feature new home projects in Burnaby, Coquitlam, ...

The Buyers of 32 homes  in Coquitlam's Riverbend development to have had their deposits returned and their contracts with the developer, CB Development 2000 Ltd., cancelled. The buyers had all bought their homes at pre-sale in 2005. The Vancouver Sun and CBC reports that the developer has run into financial difficulties with their ...