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 ...

Good old Gary Mason attended a lunch hosted by the Urban Development Institute where "Condo King" Bob Rennie spoke about who is buying Vancouver's super high priced condos these days. Apparently this was quite the hot ticket in Vancouver this week. Some examples of the prices paid for new development penthouses are quoted: The ...

Onni Group is set to start pre-sales on one of their riskier developments to-date with the Chinatown location of their V6A development. Not too much info. available on it yet. It will be located on Union Street between Main and Gore, on the section of Union that you have to take if you are west-bound on Prior and want to go to Main instead of ...

Well, that's nothing new. Vancouver real estate is in the news almost everyday. The Vancouver Sun online has a story today titled 15 Real Estate Myths & Realities: The List. The article also includes the transcript of an interview by Christy Clark with Landcor Data Corp. founder Rudy Nielsen. The actual print article will ...

Vancouver Sun writer Frances Bula has a blog called City States and on Tuesday she posted a post regarding the City's Ecodensity program and it's effect on Vancouver real estate prices. Most of the post is actually the transcript of a speech given be Vancouver housing-centre director Cameron Gray. The transcript was unfortunately ...

Yet another new development in South East False Creek here. Mr Wall's Wall Financial Group will be building four condo towers and a theatre on the site of the old Vancouver Playhouse workshops on West 1st Ave, immediately adjacent to the Millenium Water site. The project is creatively named Wall Centre False Creek. Previews start this ...

The cancelled Eden Group townhouse project Montgomery Estates on Oak Street, has re-launched as The Grand by Concord Pacific. Not too much info available just yet. These are 2 & 3 bedroom townhouses and prices are to range from $800,000 to $1.1million. I am not sure if I would want to live right on Oak Street for $800,000, but I am sure ...

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 ...

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 ...