Tag Archives: Market Update

Fear of housing bubble in Canada overstated: RBC

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 [...]

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Mandarin Residences – Richmond City Centre

Mandarin Residences – Richmond City Centre

Richmond’s hotspot, No.3 Road and Westminster Highway, is about to get even hotter with the addition of the Mandarin Residences (The Wall Group of Companies with The Fairborne Group). Location, location, location! The Mandarin Residences is across the street from Richmond Centre where you find large retailers such as The Bay, Sport Chek, Old Navy, [...]

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House prices in Canada declined in March – cbc.ca

House prices in Canada declined in March – cbc.ca

The average price of a Canadian resale home was $369,677 in March, a slight decline from the same month last year, according to the Canadian Real Estate Association. That’s the first time the average price has declined since September 2010, the agency said in releasing its monthly sales figures Monday. The number of home sales [...]

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Fraser Valley Real Estate Statistics – March 2012

Fraser Valley Real Estate Statistics – March 2012

Fraser Valley house hunters looking for good buys; keeping prices resilient The Fraser Valley Real Estate Board (FVREB) processed 1,412 sales on its Multiple Listing Service® (MLS®) in March, a decrease of 22 per cent compared to March of last year, however only 13 per cent less than the 10-year average of 1,626 sales for [...]

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The Year Of Confusion, Concern and Consternation – The Perfect Environment For A Sophisticated Investor – “Don Campbell”

The Year Of Confusion, Concern and Consternation – The Perfect Environment For A Sophisticated Investor – “Don Campbell”

2012 is going to be a year of confusing economic signals, mixed real estate messages and fearful investors. In other words: the perfect environment for the sophisticated long-term real estate investor. Over the last 20 years, my research team and I have been analyzing the Canadian real estate markets from a unique point of view [...]

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Vancouver Real Estate Statistics 2011 – Balanced real estate market prevailed through much of 2011

Vancouver Real Estate Statistics 2011 – Balanced real estate market prevailed through much of 2011

The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 [...]

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CMHC forecasts Vancouver real estate prices will show more modest growth in 2012

CMHC forecasts Vancouver real estate prices will show more modest growth in 2012

After surprising growth in 2011, Greater Vancouver real estate prices will rise just two per cent in 2012, Canada Mortgage and Housing is forecasting. In 2011, CHMC predicted price growth of just three per cent, tempered by an expectation of higher interest rates, but interest rates stayed low and prices ultimately jumped 16 to 17 [...]

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