Summer housing market trends toward balance after an active Spring season

 VANCOUVER, B.C. – July 5, 2011 –Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties rea ...

Greater Vancouver housing market holds steady and favours Sellers in May

 VANCOUVER, B.C. – June 2, 2011 – Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.

 The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3, ...

Greater Vancouver housing market sees typical spring activity in April

VANCOUVER, B.C. – May 3, 2011 – Greater Vancouver saw a typical, solid month of residential home sales on the Multiple
Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of ...

March 2011 REBGV Stats Package

Home buyers and sellers enter the housing market at near record pace in March

VANCOUVER, B.C. – April 4, 2011 – Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels.

The Real Estate Board of Greater Vancouver (R ...

Rates on the Rise

Just 3 weeks after fixed rates from most major lenders dropped, TD is pulling a U-turn and heading the other way. Effective today April 5, 2011 TD will lift its 1-5 year fixed rate 35 basis points, hiking its posted 5-year fixed rate from 5.34% to 5.69%.

TD says its decision reflects “rising bond yields and the subsequent increase in the cost of funds.”

Contact me for al ...

Top 12 Overpriced Real Estate Markets in the World

(% indicates amount property values are estimated to be over valued)

 

1. Australia – 56.4%

215% increase since 1997

2. Hong Kong – 53.7%

20.1% increase last year

      3.   France – 48%

152% increase since 1997

4. Spain – 43.7%

157% increase since 1997

5. Sweden – 39.5%

175% increase since 1997

6. Great Britain – 29.6%

178% increase since 1997

7. B ...

25 Grants and Rebates for Property Owners or Buyers


1. Home Buyers’ Plan

Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.

Canada Revenue Agency www.cra.gc.ca. Enter ‘Home Buyers’ Plan’ in the search box.
1.800.959.8287

2. GST ...

Chinese Investment Surge Hits Vancouver Housing Market

 You may have noticed that Vancouver seems to be encased in some sort of Teflon bubble when it comes to our Real Estate Market. Housing prices in markets all across North America seem to be flat lining with no end in sight, while our prices hit all time highs and continue to push the limits of affordability.

 Vancouver has always been a ...

CREA Boosts Annual Resale Housing Forecast to reflect improved economic conditions. Click the link below to see what this means for you.

CREA Boosts Annual Resale Housing Forecast