The Real Estate Board of Greater Vancouver Housing Market Update for April 2012 with REBGV president Eugen Klein.
...
Archive | Market News RSS feed for this section
Vancouver home sales down in April while rest of Canada soars
Average selling price in Vancouver down 9.8 per cent compared with a year ago at $735,31 5 TORONTO — Home sales in April gained 0.8 per cent compared with March, boosted by strength in Toronto and Calgary, the Canadian Real Estate Association said Tuesday. On a year-over-year basis, the association said there were 49,480 homes [...]
...It’s time to change the way we build homes
Long approval timelines, inefficient construction methods, marketing costs all contribute to high cost of housing Much of the effort that is being expended to try to conquer the housing affordability challenge in Metro Vancouver is focused on assisting buyers or renters in one way or another, or on providing more subsidized housing in different forms. [...]
...Metro Vancouver housing starts ‘steady’ in April, CMHC says
Analyst says no danger of market saturation on the horizon. Home construction is feeding a stable Metro Vancouver housing market with an increase in multiple-family starts offsetting fewer single-detached starts last month, according to Canada Mortgage and Housing Corp. “It’s steady as she goes,” noted CMHC senior market analyst Robyn Adamache of their latest report [...]
...Burnaby rental complex sale worth more than $80 million
Four-tower Lougheed Village includes retail centre and multi-level parkade One of Metro Vancouver’s largest multi-family rental complexes has sold in what’s being called the third biggest transaction of its type in B.C. history. The deal, worth more than $80 million, involved the sale of Lougheed Village in northeast Burnaby, a mixed-use rental development built in [...]
...Fear of housing bubble in Canada overstated: RBC
TORONTO (MarketWatch) — Fears of a housing bubble in Canada are overstated, the head of Canada’s largest bank by assets said Tuesday. “We feel pretty good about the housing market,” Royal Bank of Canada Chief Executive Gordon Nixon said at a Bloomberg Canada Economic Summit in Toronto. “I would love to see the rhetoric come down [...]
...House prices: 9 reasons not to panic
With the mainstream financial media now sounding a shrill alarm about the Canadian housing bubble, is it time to sell the house? Unless you’re transferring to a new job, or a retiree wanting to downsize or move to more favourable climes, you’re probably better off staying put rather than capitulating to the panic of articles [...]
...
-
Don Campbell speaks about Vancouver Real Estate & The American Real Estate Market
-
The Year Of Confusion, Concern and Consternation – The Perfect Environment For A Sophisticated Investor – “Don Campbell”
-
Bonds plummet to lowest levels in Canadian history = Lower Fixed Interest Rates
-
Local Vancouver home owners consider latest housing market predictions – Buy, sell, or stay?
