Topic: Industry News Briefs
Squamish band to develop land near Burrard Bridge
Posted: May 19 2010The Squamish First Nation is planning a massive multi-million-dollar development on the band’s traditional lands at the south end of the Burrard Street Bridge.
Read MoreDecember jump in housing sales drives up Greater Vancouver home prices
Posted: Jan 06 2010After plummeting to lows not seen since the 1980s, Lower Mainland real estate markets saw a rush in the second half of 2009 that pushed sales well above an economically challenged 2008 and prices back on an upward slope toward previous peaks.
Read MoreLow interest rates fuel Metro Vancouver home sales in November
Posted: Dec 03 2009Continuing low mortgage rates led to an unseasonably high number of home purchases across the region in November, pushing prices close to their previous peak, Lower Mainland real estate boards reported Wednesday.
Read MoreB.C. home affordability takes a hit as prices climb in hot market: RBC
Posted: Nov 25 2009According to an RBC report on housing affordability released this morning, B.C. and Vancouver posted the biggest increases by far across Canada in the RBC index measures.
Read MoreGovernment to raide HST rebate threshold on new homes
Posted: Nov 20 2009The Vancouver Sun on Friday said the threshold for which the maximum HST rebate will apply will be raised to $525,000 from $400,000, and the harmonized tax will not be levied against pre-sale homes for which the buyer signed a purchase contract prior to Nov. 18.
Read MoreB.C. Leads the Nation in Record Residential Home Sales
Posted: Nov 16 2009B.C. led Canada in new monthly records for residential sales last month, according to a report released Monday by the Canadian Real Estate Association.
Read MoreHigher home sales, smaller inventories posted in Vancouver for October
Posted: Nov 04 2009Vancouver Sun (November 4, 2009) – Lower Mainland home sales and prices continued to rise in October.
Read MoreHome Prices Could Hit New Highs in 2010
Posted: Oct 21 2009Vancouver Sun (Oct. 21, 2009) – The strongest recession-rebound in housing sales on record in British Columbia has one economist calling for property prices to regain all of their downturn losses by the end of the year.
Read MoreB.C. real estate returning to ‘seller’s market’: report
Posted: Oct 01 2009Rising sales and limited listings have returned Canada to a “seller’s market,” with total B.C. home sales this year up nearly seven per cent compared to 2008
Read MoreVancouver home sales up 117 per cent in August compared to one year ago
Posted: Sep 15 2009Vancouver led the nation with a whopping 117 per cent increase in home sales in August compared to August 2008.
Read MoreB.C. leads the way as housing starts rise more than expected in August
Posted: Sep 09 2009Home construction increased more than expected in August, according to Canada Mortgage and Housing Corp., as the country’s housing market continued to rebound. B.C. led the way with a whopping 56 per cent increase over July.
Read MoreBusy August for Metro Vancouver real estate sales
Posted: Sep 02 2009Board realtors recorded 3,441 sales through the Multiple Listing service, a 120-per-cent increase compared with last year’s August’s sales slowdown when the region saw 1,568 sales.
Read MoreBC Real Estate Sales Should Continue To Rise: Economist
Posted: Aug 28 2009Prices will remain below 2008 levels before edging up in 2010
Read MoreBC Housing Market Stabilizing
Posted: Aug 27 2009BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average Multiple Listing Service® (MLS®) residential price in British Columbia is forecast to decline eight per cent to $420,600 in 2009, instead of 13 per cent originally forecasted at the beginning of the year…
Read MoreWhat the HST means for Home Buyers
Posted: Aug 24 2009Check out The British Columbia Real Estate Association’s website on how HST affects home buyer, sellers and owners and what you can do to voice your opinion about it.
Read MoreThe Most Depressing Place In The World?
Posted: Aug 10 2009The other day we came across this article and were thoroughly amused by Arthur Salm’s portrayal of Vancouver as ‘The Most Depressing Place In The World’.
Read MoreHome purchasers will be paying tens of thousands more in taxes come July 1, 2010.
Posted: Aug 10 2009Builders say the HST will add $56,000 to the price of a new $800,000 home.
Read MoreHST to be a burden on all home purchasers
Posted: Aug 06 2009The HST will not only increase the cost of new homes but raise the cost of closing all types of property purchases.
Read MoreB.C. leads the way as building permits rise unexpectedly in June
Posted: Aug 06 2009Building permits rose unexpectedly in June, rising one per cent to $5.2 billion, Statistics Canada said Thursday.
Read MoreA record breaking 4,114 residential property sales transactions were made in July 2009
Posted: Aug 05 2009The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices.
Read MoreHousing Sales Bounce Back Nationwide
Posted: Jul 23 2009And the good news keeps on coming, just like our sunshine. In Canada, buyers are back, sales are surging, and prices are edging up.
Read MoreRecession? What Recession?
Posted: Jul 23 2009Because you haven’t already heard, the Bank of Canada is reporting that Canada’s recession is over, and the country is beginning what will be a long reconstruction of the wealth destroyed by the financial crisis.
Read MoreHousing rebound ‘nothing short of amazing’
Posted: Jul 15 2009We think so! The rise in sales activity as well as a drop in new listings have caused the inventory of unsold homes to fall to 4.2 months of supply — the lowest level since August 2007 and well below the peak of 12.8 months hit at the beginning of the year.
Read MoreJune Housing Sales Soar
Posted: Jul 03 2009Seems to us Vancouverites have no interest in letting a little thing like the recession get in the way of home buying. The Real Estate Board of Greater Vancouver (REBGV) reported that sales of detached, attached and apartment properties increased a whopping 75.6% in June 2009.
Read MoreSquamish Heats Up
Posted: Jun 25 2009No, we’re not talking about the weather: looks like things are heating up on the development front in Squamish. Pridham Development’s 1,500-unit waterfront project (aka. Waterfront Landing) obtained rezoning approval last week.
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