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Home Sales Climb Higher Outside Vancouver

November 16th, 2011
For immediate release

Home Sales Climb Higher Outside Vancouver

Vancouver, BC – November 15, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 6.5 per cent to 5,865 units in October compared to the same month last year. The average MLS® residential price was up 2.6 per cent to $535,695 last mont ...

NEW hom prices flat in Septmeber

November 10th, 2011

Metro Vancouver NEW  home prices flat in September

 

Metro Vancouver new home prices remained flat in September, while edging up slightly year-over-year

 http://tinyurl.com/7m4wbqq 


  

     

B.C. home sales and average prices rise in July

August 11th, 2011
 
 

Home sales in British Columbia rose 12.9 per cent to 6,533 units in July compared to July 2010, while the average price climbed 10 per cent to $540,877, the British Columbia Real Estate Associate reported Thursday.

Photograph by: Gerry Kahrmann, PNG

Home sales in British Columbia rose 12.9 per cent to 6,533 units in July compared to ...

Well-equipped units start at just under $150,000

July 25th, 2011

The headlines have long been telling us that the Greater Vancouver real estate market is among the least affordable anywhere. Out in Langley, however, there is a different story is being told.

The Sandhill Development project will eventually be comprised of 393 apartments on a seven-acre site blocks from the Willowbrook Shopping Centre. The first of those homes hit the market just weeks ago ...

Vancouver approves three-tower development in Marpole area

July 21st, 2011

Vancouver city council has approved a major three-tower development project that will bring nearly 900,000 square feet of residential and commercial space to the Marpole area.  Apparently a number of other similar sites are planned for more desitinations along the Canada Line.  Are we ready for this?  More on this in the Vancouver Sun.

Condo rebound pushes new-home construction higher

July 12th, 2011
 
 
 
 
 
Home construction rose more than expected in June, led by a jump in single-unit activity, Canada Mortgage and Housing Corp. said Monday.
 

Home construction rose more than expected in June, led by a jump in single-unit activity, Canada Mortgage and Housing Corp. said Monday.

Photograph by: Stuart Gradon

Metro Vancouver builders have returned to building condominiums in a big enough way to push up the region’s overall housing ...

Reports offer different views of affordability in Vancouver market

July 8th, 2011

Luxury home sales skew numbers by pulling up average prices, say Central 1 Credit Union and CIBC
 
 
 
 
The practice of using average sale prices, rather than median prices, is skewing statistics on the affordability of Vancouver's housing market, economist Bryan Yu says.
 

The practice of using average sale prices, rather than median prices, is skewing statistics on the affordability of Vancouver's housing market, economist Bryan Yu says.

P ...

New home price edge up in May; market may have peaked, Realtor warns

July 7th, 2011
Signs of market moderating
 
 
 
 
New home prices rose 0.4 per cent in May, following a 0.3 per cent gain in the previous month, Statistics Canada said Thursday.
 

New home prices rose 0.4 per cent in May, following a 0.3 per cent gain in the previous month, Statistics Canada said Thursday.

Photograph by: Matthew Staver/Bloomberg, Matthew Staver/Bloomberg

OTTAWA — New home prices rose 0.4 per cent in May, following a 0.3 per cent gain in ...

'Balanced’ housing market takes root in Metro Vancouver

July 5th, 2011

Benchmark price for all homes increases 8.7 per cent in the year to $631,000

 
 
 
 
Sales are below the 10-year average and home listings above what&#8217;s typical for June, and that means a closer alignment between supply and demand in the marketplace.
 

Sales are below the 10-year average and home listings above what’s typical for June, and that means a closer alignment between supply and demand in the marketplace.

Photograph by: Bill Keay, Vancouver ...

Home Sales to Rise 5 Per Cent This Year

July 5th, 2011

Vancouver, BC – June 30, 2011. The British Columbia Real Estate Association (BCREA) released its 2011 Second Quarter Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 5 per cent from 74,640 units in 2010 to 78,200 units this year, before increasing a further 3.1 per cent to 80,700 units in 2012.

“Home sales will post some modest gains over ...

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