|Wednesday, 23 February 2011|
| Housing sales in Greater Vancouver are expected to climb 11% this year to 34,600 units, and the average BC Multiple Listing Service (MLS) price will increase by 2.4% to $692,000, according to a forecast released today by the BC Real Estate Association (BCREA).|
“Greater Vancouver is the strongest market in the province right now,” BCREA chief economis ...
Blog by Kathy Stilwell
The new measures will:
Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value (LTV) ratios greater than 80%Lower the maximum amount Canadians can borrow in ...
For now the HST is here and a huge factor, when deciding whether you will buy a presale condo or not. There is a lot of questions surrounding HST and to help you with those I have included a couple of links that may answer those questions for you.
H.S.T. has different implications for used residential real estate and new residential real estate. This link provides basic rules regarding H.S.T. ...
OTTAWA â€“ The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economic recovery is proceeding largely as expected, although risks have increased. As anticipated, private domestic de ...
MLS® stats show more sales, fewer property listings in November
Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of ...
Making a return on your mortgage
From Saturday's Globe and mail
Published Friday, Nov. 26, 2010 3:47PM
The 5-per-cent return on safe investments is back.
It happened last week when major banks increased their posted mortgage rates. If you were lending money out for mortgages like a bank, you could get the same return.
Here’s how: Just us ...
Plans for selling the Olympic village’s 480 empty condos have ground to a halt because the City of Vancouver is refusing to approve a new marketing plan with drastically reduced prices until the developer proves it can make up the $100-million to $200-million loss that could result.
“They need to have a satisfactory plan for how they will meet their obligations,” Vancouver city manager Penny ...
Home sales remain steady in Greater Vancouver
Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.
According to the MLSLink® Housing Price Index (HPI), the benchmark pri ...
October 28, 2010
H.S.T. has different implications for used residential real estate and new residential real estate. In this part of our website we outline the basic rules regarding H.S.T., and the basic rebates applicable.
Housing market factors indicate stability in recent months
September home sales in Greater Vancouver were consistent with activity experienced in the preceding two months across most categories.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,220 in September 2010. This represents a 0.8 pe ...