BC Forecast to Lead Nation in 2014 Home Sales: CREA

December 20, 2014 under Useful Articles
BY: JOANNAH CONNOLY December 16,2014 BC set to post a 14.5 per cent annual increase in activity in 2014 – and it could keep going up, predicts Canadian Real Estate Association. British Columbia is projected to post a 14.5 per cent annual increase in home sales activity in 2014 – the largest increase of all the provinces and territories, according to an updated forecast by Canadian Real Estate Association (
comments: Comments Off

Rental vacancies increase but still tight in many areas

December 18, 2014 under Useful Articles
by Jamie Henry | 17 Dec 2014 Apart from foreign ownership data the other story from the latest CMHC Rental Market Survey is a slight uptick in vacancies in the rental market. In the 35 largest metropolitan areas the vacancy rate was 2.8 per cent; up from 2.7 per cent a year earlier. The data shows that there was an increase in inventory of 2.7 per cent but that has been swallowed up by rising net migration and a
comments: Comments Off

Tony’s Latest Updates-December 16,2014

December 16, 2014 under Tony's Latest Updates
Given the rise in real estate prices and sales throughout this year there is no lack of attention on our real estate markets.   Many economists along with the Bank of Canada are concerned abouthousing affordability and the rising debt loads of many Canadians.  With fixed rates at or near record lows we can expect to see similar price rises and deteriorating affordability next year.  Low mortgage rates may be th
comments: Comments Off

Finance Minister discusses potential measures

December 15, 2014 under Useful Articles
Finance Minister Joe Oliver, who is currently in meetings with his provincial finance minister counterparts, has said the government may take steps to rein in an overvalued housing market. “In terms of household debt and the real-estate market, this is a subject, of course, we’re monitoring very carefully,” Oliver said, according to the Canadian Press. “So, we’re not going to take any dramatic steps in th
comments: Comments Off

Calgary new home prices see biggest hike in Canada

December 12, 2014 under Useful Articles
MARIO TONEGUZZI, CALGARY HERALDMore from Mario Toneguzzi, Calgary Herald Published on: December 11, 2014Last Updated: December 11, 2014 4:47 PM MST New home price growth in the Calgary region led the country by far in October, according to Statistics Canada. The federal agency reported Thursday that its New Housing Price Index for the Calgary area rose 6.6 per cent from the past year while for the rest of Canada
comments: Comments Off

It hasn’t all been booming; Canada’s more moderate property markets

December 9, 2014 under Useful Articles
by Jamie Henry | 05 Dec 2014 With so much talk of the property boom in our major cities it’s sometimes easy for those dealing mainly in the big markets to forget that elsewhere in Canada it hasn’t all been about high volumes and prices. Since the downturn many smaller areas have struggled, including those that rely on buyers of second homes. Take Whistler for example. The resort town in the Coast Mountains o
comments: Comments Off

Price for typical detached home in Greater Vancouver nears $1-million

December 3, 2014 under Useful Articles
BRENT JANG VANCOUVER — The Globe and Mail Published Tuesday, Dec. 02 2014, 4:52 PM EST Last updated Tuesday, Dec. 02 2014, 5:38 PM EST   The benchmark price for a typical detached home – a gauge that omits the most expensive properties – is approaching $1-million in Greater Vancouver. The Real Estate Board of Greater Vancouver uses the resale home price index (HPI), which strips out the priciest propert
comments: Comments Off