Barbara Yaffe: Urbanization trend in B.C. can only intensify

February 24, 2016 under Useful Articles
BY BARBARA YAFFE, VANCOUVER SUN FEBRUARY 23, 2016 While smaller communities across B.C. face declining population numbers, places like Vancouver, Victoria and Nanaimo are the focus of increasing densification and urbanization. Photograph by: DARRYL DYCK , THE CANADIAN PRESS A weak currency and slumping global commodity prices are indirectly contributing to a rush on Lower Mainland real estate. The two forces are
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Tony’s Latest Updates – February 2, 2016

February 4, 2016 under Tony's Latest Updates
January 2016 real estate results are out and as you probably could expect sales and prices are up.  Last month’s sales were up 32% over January 2015.  The benchmark price for a detached property in Metro Vancouver now sits at $1,294,000.   Did you know that average price of a detached home in Tsawwassen increased 72% within the past 13 months. Click here if you would a copy of the Real Estate Stats. Over the
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Tight Metro Vancouver markets push average house price to new record $1.83 million

February 4, 2016 under Useful Articles
By Derrick Penner, Vancouver Sun February 2, 2016 The average price for a detached home in Metro Vancouver soared to a new record of $1.83 million in January in a market that continues to see hot demand, but a now shrinking supply of homes for sale. METRO VANCOUVER – Home sales in January eased off December’s torrid pace around Metro Vancouver, but remain in high gear with buyers piling into markets mark
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Canada’s real estate problem

February 4, 2016 under Useful Articles
by Luke Kawa and Erik Hertzberg 03 Feb 2016 The Canadian economy was largely stagnant through the first 11 months of last year, shrinking by 0.09 percent. In light of the collapse in oil prices, however, things could have been worse. But the relative resilience of headline growth belies the extent to which the economy is now being supported by one sector: real estate. Softness in the economy has been concentrated i
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