604homesblog

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 ...

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 ...

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, ...

The British Columbia Real Estate Assciation (BCREA) released a press release yesterday morning with the title More Homes for Sale - Welcome News for Homebuyers and indeed the inventory of homes for sale in British Columia is up. Sales were down last month, but only by 1.4%. Homebuyers have more options is most areas and sellers must be realistic ...

I am bit late getting these out, but here they are nonetheless. Last Friday the Real Estate Board of Greater Vancouver (REBGV) released the April statistics and earlier this week Canada Mortgage and Housing Corp (CMHC) released Vancouver's April housing starts. As has been widely reported in the media around the blogosphere listings are up ...

Hello again! I've been on holiday and also just been a bit lazy with the blog lately. I am trying to get back on the ball, as it were. Today the British Columbia Real Estate Association released their Spring 2008 Housing Forecast. I also heard BCREA economsit Cameron Muir on CBC radio this morning discussing the BC real estate market. The ...

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 ...