Wednesday 18 December 2013
Friday 6 December 2013
November 2013 market update
Happy Hilolidays to ALL
Saturday 30 November 2013
Friday 29 November 2013
Port Mann Bridge toll rates go up January
Friday 22 November 2013
Just SOLD..
Wednesday 20 November 2013
Canadian Home Owners...
Thursday 7 November 2013
OCTOBER 2013 HOUSING MARKET UPdate
Thursday 17 October 2013
October Market housing update
Friday 11 October 2013
Wednesday 9 October 2013
Thursday 3 October 2013
Tuesday 1 October 2013
Small town boomers...
September Housing Market..Update
Monday 30 September 2013
More Lane Way houses permits issued...
Vancouver's Property Tax...
Trump tower update..
Sunday 29 September 2013
Property tax to go up..
Saturday 28 September 2013
Tuesday 24 September 2013
City of Surrey looking to fine owners with illegal secondary suites
Sunday 22 September 2013
Canada most pricy CONDO sold in Vancouver
Tuesday 10 September 2013
This 5 bdrm Luxury Home just came on the market. Call me for more details or to set up a private viewing.
Monday 9 September 2013
Friday 6 September 2013
Thursday 5 September 2013
Tuesday 3 September 2013
Saturday 24 August 2013
Wednesday 21 August 2013
RBC HIKES RATES
Saturday 17 August 2013
Friday 16 August 2013
Monday 12 August 2013
Sunday 11 August 2013
July Hotest sakes month
Friday 9 August 2013
Sunday 4 August 2013
Saturday 3 August 2013
Monday 29 July 2013
Finally! Canadians able to pay at U.S. pumps with credit again
Sunday 28 July 2013
Federal government posts $2.7B deficit in April, May
Sunday 21 July 2013
Check your credit score
Friday 19 July 2013
Thursday 18 July 2013
Wednesday 17 July 2013
Bank of Canada Interest Rate Decision
Bank of Canada Interest Rate Decision – July 17, 2013
New Bank of Canada Governor Stephen Poloz stuck to the status quo this morning in his first interest rate decision, leaving the Bank’s overnight target rate at 1 per cent. The Bank expects growth in the Canadian economy to be “choppy” in the near term owing to unusual temporary factors such as flooding in Alberta, but overall its outlook for economic growth remains largely unchanged from April’s projection of 1.8 per cent real GDP growth in 2013 and 2.7 per cent growth next year. The Bank expects inflation to remain subdued in the near term due to persistent excess capacity in the Canadian economy, but still expects inflation will return to its 2 per cent target in mid-2015 as previously forecast. Notably, the Bank’s previous recurring statement regarding withdrawal of monetary stimulus has been altered and perhaps softened to “Over time, as the normalization of these [economic] conditions unfolds, a gradual normalization of policy interest rates can be expected
Tuesday 16 July 2013
Friday 12 July 2013
Vancouver's Million Dollars Homes
Wednesday 10 July 2013
Tuesday 9 July 2013
Saturday 6 July 2013
Thursday 4 July 2013
Wednesday 3 July 2013
Tuesday 2 July 2013
Saturday 29 June 2013
Friday 28 June 2013
Thursday 27 June 2013
Wednesday 26 June 2013
Tuesday 25 June 2013
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Wednesday 19 June 2013
Tuesday 18 June 2013
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Saturday 15 June 2013
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Monday 10 June 2013
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Wednesday 5 June 2013
Tuesday 4 June 2013
Monday 3 June 2013
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Thursday 30 May 2013
Wednesday 29 May 2013
Monday 27 May 2013
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Friday 24 May 2013
Thursday 23 May 2013
Thursday 16 May 2013
Wednesday 15 May 2013
Thursday 9 May 2013
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Friday 3 May 2013
Thursday 2 May 2013
Wednesday 1 May 2013
Sunday 28 April 2013
Thursday 25 April 2013
Saturday 20 April 2013
Wednesday 17 April 2013
Tuesday 16 April 2013
Monday 15 April 2013
Monday 8 April 2013
Wednesday 3 April 2013
Monday 1 April 2013
Sunday 31 March 2013
Thursday 28 March 2013
Wednesday 27 March 2013
Tuesday 26 March 2013
Monday 25 March 2013
Sunday 17 March 2013
Saturday 16 March 2013
Friday 15 March 2013
Tuesday 12 March 2013
Monday 11 March 2013
Sunday 3 March 2013
Canadian home sales edge higher in January – Metro Vancouver Real Estate News March 2013
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged up on a month-over-month basis in January 2013. National sales activity has held fairly steady after gearing down last August in the wake of tightened mortgage lending rules.
Highlights:
National home sales rose 1.3% from December to January.
Actual (not seasonally adjusted) activity came in 5.2% under levels in January 2012.
The number of newly listed homes rose 1.6% from December to January.
The Canadian housing market remains firmly in balanced territory.
National average sale price was up 2% year-over-year in January.
The MLS® HPI rose 3.1% in January, the smallest gain since April 2011.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada edged up 1.3 per cent on a month-over-month basis in January 2013. This marks the fifth month in a row that national sales activity has shown little change from levels in the previous month.
Home sales picked up in about half of all local markets in January from the previous month, including some of Canada’s most active. Greater Toronto and Greater Vancouver posted monthly sales increases of 5.6 per cent and 4.7 per cent respectively, while sales in Edmonton climbed by nearly 10 per cent on the month. Activity gains there were partially offset by softer sales in Ottawa, the Fraser Valley, Montreal, Regina, London and St. Thomas, and Calgary.
“There is little new to report about national sales activity, which continues to hold fairly steady at the lower levels first reached when mortgage rules were tightened in mid-2012,” said CREA President Wayne Moen. “That said, things are becoming more interesting among local markets, with improving sales in Vancouver and Toronto likely to come as something of a surprise to some. As always, all real estate is local, so buyers and sellers should speak to their REALTOR® to understand how the housing market is shaping up where they live or are considering to live.”
Actual (not seasonally adjusted) activity came in 5.2 per cent below levels reported in January 2012. About two-thirds of local markets posted year-over-year declines in sales activity in January. Notable exceptions include Calgary, Edmonton, Winnipeg, Windsor-Essex, and Guelph.
“Year-over-year declines in activity have received attention lately, and understandably so since they’re more exciting compared to the fairly steady month-over-month trend for national sales following changes made last year to mortgage regulations and lending guidelines,” said Gregory Klump, CREA’s Chief Economist. “If national sales activity remains stable near the levels we’ve been seeing since last August, then year-over-year comparisons will begin fading after the crucial spring buying season. Until then, the focus may remain on how sales were stronger in the first half of last year compared to lower but stable national activity since then.”
The number of newly listed homes rose 1.6 per cent month-over-month in January, their first monthly increase since last September.
New listings rose in a number of Canada’s most active markets, led by Greater Toronto. The monthly increase there reversed a decline of similar magnitude one month earlier. New listings also rose in Greater Vancouver, Montreal, the Fraser Valley, and Vancouver Island, which also marked a reversal in a declining trend for new listings in the final months of 2012.
With sales and new listings both having edged higher, the national sales-to-new listings ratio was little changed at 50.3 per cent in January compared to 50.4 per cent in December. Its reading has held fairly steady around this level for the past six months. Based on a sales-to-new listings ratio of between 40 to 60 per cent, about two-thirds of all local markets were in balanced market territory in January.
The number of months of inventory is another important measure of balance between housing supply and demand. It represents the number of months it would take to sell current inventories at the current rate of sales activity, and it too was little changed in January.
Nationally, there were 6.6 months of inventory at the end of January 2013, down slightly from 6.7 months reported at the end of December. The number of months of inventory nationally has held between 6.5 and 6.7 months since August last year.
The actual (not seasonally adjusted) national average price for homes sold in January 2013 was $354,754, representing an increase of two per cent from January 2012. There were fewer sales compared to year-ago levels in relatively pricey Greater Vancouver, which continues to exert a strong gravitational pull on the national average sale price. Excluding Greater Vancouver from the national average price calculation yields a year-over-year increase of 3.3 per cent.
Unlike average price, the MLS® Home Price Index (MLS® HPI) is not affected by changes in the mix of sales, so it provides the best gauge of Canadian home price trends.
The Aggregate Composite MLS® HPI rose 3.1 per cent on a year-over-year basis in January. This marks the ninth time in as many months that the year-over-year gain shrank and the slowest rate of increase since April 2011.
Year-over-year price gains decelerated for one-storey single family homes (+4.4 per cent) and two-storey single family homes (+3.6 per cent). By contrast, year-over-year growth held steady for apartment units (+1.2 per cent), and picked up in the townhouse/row segment (+2.2 per cent).
The MLS® HPI rose fastest in Regina (+8.8% year-over-year), although the increase was the smallest since December 2011. Price growth also moderated in Greater Toronto (+3.8% year-over-year) and in Greater Montreal (+2.6% year-over-year).
By contrast, the MLS® HPI saw year-on-year growth accelerate in Calgary (+8.0%) and the Fraser Valley (+0.7%). In Greater Vancouver, the MLS® HPI posted a 2.8 per cent year-over-year decline in January
Sunday 17 February 2013
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Tuesday 12 February 2013
Sunday 10 February 2013
Saturday 9 February 2013
Monday 4 February 2013
Friday 1 February 2013
Thursday 31 January 2013
Vancouver Housing Market to further drop..
Wednesday 30 January 2013
Saturday 26 January 2013
ThanK YoU 4 Ur Referral
Wednesday 23 January 2013
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