604homesblog

Here is the release from BCREA Economics Now:   Bank of Canada Interest Rate Announcement - October 25, 2011 As was universally anticipated, the Bank of Canada opted to hold its target overnight rate at 1 per cent this morning.  Ongoing uncertainty in the Euro-zone continues to weigh heavily on the Bank's ...

The first week on January, or there abouts, always brings about lots of call for Vancouver real estate agents, and those across the province I assume. This is when B.C. Assessment mails about the property assessments of your property's value (as of August last of the previous year) upon which your property taxes for the present year will ...

The British Columbia Real Estate Association released the following press release today: For immediate releaseFinancial/Equity Markets Impact October Home Sales  Vancouver, BC – November 14, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in ...

The Vancouver Sun reported yesterday on a study by Landcor regarding the potential for residential growth around Canada Line stations in the next 10 - 20 years. For this to occur you need high density zoning and good market conditions they say. Well duh! It does not look like the completion of the line will coincide with the later, ...

The Real Estate Board of Greater Vancouver released the June 2008 statistics yesterday and the media are having a hay-day with them. No question the market has changed. Listings are way up (18.3 per cent to 6,546 in June 2008 compared to June 2007, when 5,533 new units were listed), inventory is way up, sales are way down (42.9 per cent in ...

No time for any commentary on this today, but I thought you'd be interested. Everything below is from RBC Economics' monthly Economics Digest. You can comment below. ------ Housing market froth finally evaporating After yet another blockbuster year for Canada’s housing markets in 2007, the much-anticipated ...

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 ...

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 ...

The Real Estate Board of Greater Vancouver has released the May 2008 statistics and the news is pretty familiar if you've been listening to the big media lately. The first few sentences of the press release really tell the story, sales are down, listings are up. Balance seems to be the word of the moment. The Greater Vancouver housing ...