Real Estate News

June 12, 2017

Considering Pre-Sale Housing

The Real Estate News world is full of interesting comments these days and the one that seems to stand out is Pre-sale. Pre-sales are homes you are able to purchase before the structures are ready for occupancy. 

A pre-sale home is a wonderful opportunity for a variety of reasons ...

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June 14, 2016

New Home Development in Vancouver Gets Steeper!

New row of townhouses with garages

The new housing price index for Metro Vancouver saw another annual rise in April, the increase was nowhere close to the leaps in the resale market.  Month over month, new home prices in Vancouver rose 0.2 percent above March 2016.

Across BC, new housing prices in April were ...

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Posted in Real Estate News
June 7, 2016

Fraser Valley Housing Market Up Again Over Last Year

fraser-valley-mount-baker.jpg

Detached Homes are still seeing the biggest price rises, they are up more than 38 percent since last year, reports the Fraser Valley Real Estate Board.

Demand in the Fraser Valley continued to boom in May, with real estate sales once more the highest ever recorded for that month.  ...

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Posted in Real Estate News
May 31, 2016

Canada's Housing Market Showing Signs of Cooling Down

Vancouver's crazy market shows signs of slowing down as some economists and real estate agents saying the peak has passed.

This would be great news to homebuyers who have struggled to win in multiple offers.  

“A few months ago the dogs — the less desirable units that a ...

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Posted in Real Estate News
May 24, 2016

Vancouver Home Sales Forecast

The Vancouver market is likely to slow down before it gets too out of control, according to a new housing market outlook by the Canada Mortgage and Housing Corporation issued May 18. The federal housing agency forecast that sales in 2016 will increase only slightly over 2015, and then reduce ...

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Posted in Real Estate News
April 29, 2016

VANCOUVER HOUSE SELLS FOR WAY OVER ASKING PRICE!

This East Vancouver home was listed for just under $1.6 million and sold for $567,000 over asking price.  That's 35 per cents above listing price.

With this market no one bats a eye at a million dollar homes, but this set a new high for the ...

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Posted in Real Estate News
April 19, 2016

HOUSING PRICE RISES THROUGH 2018!

The BC housing market has outperformed most forecasts to date.  Central 1 predicts sales growth of 22 percent this year compared to 2015.  The Credit union expects detached home prices to rise faster at 23 percent.

There is a very high demand for local real estate. Many families ...

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Posted in Real Estate News
Dec. 12, 2015

NEW DOWN PAYMENT RULES EFFECTIVE ON FEBRUARY 15TH, 2016

Are you wondering how the new CMHC down payment rules might affect you? See more information here:

 New Down Payment Rules

Qualified borrowers who get approved before February 15, 2016, can still buy with only 5% down. But lenders will likely set their application submission deadlines 1-2 weeks earlier.

People ...

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Posted in Real Estate News
Jan. 6, 2015

HOME SALE AND LISTING ACTIVITY REACH HISTORICAL NORMS IN 2014

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2014 reached 33,116, a 16.1 percent increase from the 28,524 sales recorded in 2013, and a 32.3 percent increase over the 25,032 residential sales in 2012 ...

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Posted in Real Estate News
Nov. 4, 2014

METRO VANCOUVER HOME SALES ABOVE AVERAGE IN OCTOBER

Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014. This represents a 14 ...

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Posted in Real Estate News