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 ...

Quite the splashy title for the old RBC. As has been widely reported the Canadian market generally has cooled although it is cooler in some parts of the country (Calgary and Edmonton) than in others. The reports starts out talking about how the slow down of the real estate market was delayed by the  ... recent mortgage innovation that ...

In the "this is just a giant real estate ad" House Hunting section of the Vancovuer Sun today was an article (Title: Camp Report Released: Canadians have a balanced view of the real estate market) about a report that has been released by CAAMP, which is apparently the Canadian Association of Accredited Mortgage Professionals. The report, ...

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 ...

This one is straight from the daily RBC Economic Update by RBC Economist Rishi Sondhi that is subscribe too. You too can subscribe to these as well as many other reports from the RBC Ecomonics team. They are useful for keeping an eye on the Canadian economy as well that of our American neighbours (or would that be ...

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 ...

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 ...