Category Archives: Vancouver Housing Market

Kitsilano Market Update

The Kitsilano neighbourhood as well as the Greater Vancouver area are all peaking in terms of inventory this month.  Compared to the same time a year ago, the July listings of inventory are higher. Despite higher listings, sales are averaging … Continue reading

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Three New Towers Underway in Vancouver’s Business District

The construction of three new major office towers in downtown Vancouver’s business district has now begun.  These towers signal a long awaited addition to the area say Vancouver realtor groups. Interest in these buildings is rampant.  Already half of the … Continue reading

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10 K Bonus for First Time Home Buyers

Recently, news was announced that some time this spring a one time refundable tax credit or bonus will be made available to first time home buyers. According to mortgage experts, this will spur potential buyers to go ahead and buy … Continue reading

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Canada’s Second Largest Bank Warns about Housing Market

Toronto Dominion Bank has issued a warning concerning the future of the housing market in Canada.  According to the T.D. chief executive, the real estate market in Canada, including Vancouver, is at risk of a correction. According to experts, the … Continue reading

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New Transitional HST/PST Housing Regulations

With the provincial transition from the HST back to the PST approaching in April 2013, the government has announced some new provisional regulations.  The measures are designed to lessen the burden of the HST for home buyers. The measures include … Continue reading

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Rise in Housing Sales

December 2011 saw a reported rise in housing sales of 1.8 percent from November.  Moreover, this number was up 4.6 percent over the previous year. The Canadian Real Estate Association reported these numbers just last Monday.  Total sales in December … Continue reading

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Variation in Vancouver Property Assessments

The property assessments for this year in Vancouver are going to show some fairly wide variations.  According to reports, some regions will see a rise in their assessment notices while others will see the assessed value of their properties go … Continue reading

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BC Housing Sales Almost Unchanged

The fall of 2011 showed basically an unchanged rate of housing sales compared to the previous year.  According to the British Columbia Real Estate Association, November of 2011 looked a good deal the same as November of 2010. Across the … Continue reading

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To Buy or to Rent Vancouver Real Estate?

It comes as no surprise to anyone that homes for sale in Vancouver have reached record heights.  According to recent analysis, the affordability index of the city is likewise at record highs.  What this means essentially is that the average … Continue reading

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Condo and House Sales in Vancouver Slowing Down

Homes for sale in Vancouver continue to come on the market, whilst buying has slowed down slightly.  What this means is that buyers are now able to take a little more time in deciding on what they want and moreover, … Continue reading

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Industrial Land Space in High Demand in Metro Vancouver

Limited supply has meant a rising demand industrial space in the city.  The desire for industrial real estate in the metro Vancouver area has soared in recent months. Already 37 million dollars in transactions have taken place this year, but … Continue reading

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Building Permits in Metro Vancouver Way Up

According to recent findings, the value of permits issues for building in Metro Vancouver have gone up by an enormous forty-two percent from May to June.  This increase comes almost wholly from permits issued for residential multi-family dwellings. Statistics Canada … Continue reading

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Rising House Sales across U.S. in June

Despite the continued steep unemployment in the United States, the homes for sale rose rather surprisingly in June of this year.  According to experts, some people were simply seeking to take advantage of the lower housing prices as well as … Continue reading

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Vancouver Market Remains Balanced

Although housing prices in the metro Vancouver area continue to remain higher than ever, experts say that the market is in fact ‘balanced’.  The Conference Board of the city resale index makes it clear that neither buyers or sellers are … Continue reading

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Sea Island Business Park and Hotel on the Way

Recently it was announced that a two hundred and fifty million dollar project will begin construction in the next year.  The airport authority in Vancouver has approved a six-building park for businesses. The project will be built up on a … Continue reading

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Promises for More Affordable Housing

With a severe deficit in affordable housing in the city, the new promise of one hundred and eighty million dollars to help comes as welcome news.  The recent move by the federal and provincial governments has been a long awaited … Continue reading

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New Multi-Family Home Construction on Solid Ground

According to recent data, the pace of construction has again picked up.  Metro Vancouver has seen a twenty-three percent increase in home construction in comparison to 2010. The new home construction is being seen primarily in the multi-family home arena, … Continue reading

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Metro Vancouver Market Balancing Out

According to recent analysis, the Metro Vancouver real estate market is beginning to balance out.  Although housing prices are almost 9 percent higher than a year ago, the ratio between sales and listings is beginning to even out. According to … Continue reading

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Shelter Drive Raises Money for Charity

Recently, the REALTORS Care organization raised over thirty-four thousand dollars in funds to help with housing related charities.  The initiative was started by Real Estate Board members of the Greater Vancouver area. The money raised is allotted to various shelter … Continue reading

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Vancouver Real Estate still Growing

According to the latest statistics, Vancouver property prices are showing no sign of slowing down.  As it stands, buying a piece of property in Vancouver takes about eleven times the average family’s income. This situation is certainly unique say experts.  … Continue reading

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