August 2017

elevated Home sale levels

Posted on Aug 31, 2017 in BC Market Update

The British Columbia Real Estate Association (BCREA) '2017 Third Quarter Housing Forecast' has just been released:

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 10 per cent to 100,900 units this year, after reaching a record 112,209 units in 2016. Strong economic fundamentals are underpinning consumer dem...

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many things influencing house prices

Posted on Aug 18, 2017 in Vancouver Metro Real Estate

Canada Mortgage and Housing Corporation (CMHC) Chief Economist, Bob Dugan recently wrote the following article in McLean's titled 'Why the foreign buyers tax is not making Vancouver more affordable?'. His opinion ~ 'The lesson, one year into Vancouver’s foreign buyers tax, is that real-estate supply may actually be the city’s biggest problem'. Read...

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economics of land value

Posted on Aug 17, 2017 in Vancouver Metro Real Estate

Oh my ~ value of local 'turf' is forcing change ~ that is, my next upcoming new car focus will be something other than a gasoline powered vehicle!

'The lure of cashing in on pricey real estate has fueled Chevron's latest decision to sell another five of its gas stations in Vancouver.

On Thursday, a spokesperson confirmed the closures of five more loc...

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robo-mortgage advisers?

Posted on Aug 14, 2017 in Mortgage misc

Robert McLister, BBA, is the founder of mortgage rate comparison website, Editor of Canadian Mortgage Trends and a mortgage planner at Robert analyzes mortgage rates and writes about a range of issues impacting mortgage consumers and today, in the Globe and Mail wrote the following.....

The leaders of the mortgage in...

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changing trends in demand

Posted on Aug 10, 2017 in Vancouver Metro Real Estate

Metro Vancouver housing market saw few sales and more listings this past July.

To understand what's going on let's look at four key indicators:
  1. Sales
  2. Listings
  3. Sales-To-Active Listings Ratio 
  4. Home prices

home sales

REALTOR®'s registered 2,960 sales on our MLS® last month. This is down about -8% from last year (July 2016) and less than 1% above the 10 year...

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