Fears that foreign buyers and other temporary residents are snapping up an abnormal share of Metro Vancouver condos aren't borne out by statistics,according to a new analysis.
Urban futures researchers examined 2011 census data and found just 0 .8% of all homes in the metro region and 1.4% of apartments are occupied by foreign or temporary residents.
Vancouver ...
Posted by Sylvia Kahlon
on May 17, 2013
The immense boost that the baby boomer gave to the North American economy over last several decades doesn't seems to be slowing its effect. It will continue to inflence the realestate martket in next decade or two.
Real estate marketer and “condo king” Bob Rennie feels that Vancouver’s real estate market in the next 15 years will actually be two separate markets financed by ...
Posted by Dinesh Kapoor
on May 17, 2013
Developer Bob Rennie works on his speech at his Vancouver office ahead of his address at the Urban Development Institute Vancouver’s gathering on Thursday, May 16, 2013. Boomers will continue to drive the Vancouver real estate market, he says.
Photograph by: Arlen Redekop , Vancouver Sun
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Posted by David Hutchinson
on May 17, 2013
Sales of multifamily homes in Metro Vancouver in the first three months of this year fell by nearly half those sold in the same period last year, Colliers International reported Thursday.
“The surge in sales activity that is typically expected during the first quarter of a year did not materialize in 2013 as the 2,033 total new multifamily home sales represented a slight six-per-cent drop ...
Posted by David Hutchinson
on May 17, 2013
The Vancouver housing bubble continues to burst with the news that home sales dropped 6.1 per cent in April from the previous year.
Residential property sales in April fell to 2,627, down from 2,799 in April 2012. They do, however, represent an 11.9 per cent increase from March, which saw 2,347 home sales, the Real Estate Board of Greater Vancouver (REBGV) said in a Thursday news release. ...
Posted by David Hutchinson
on May 10, 2013
Housing sales in Metro Vancouver have dropped this spring as many buyers hold off on purchasing a home for fear the prices will continue to drop.But a new tool being offered by some real estate agents may help get the market moving again.The Buyer Protection Plan was developed by Calgary mortgage broker Greg Williamson as a possible solution offered to buyers to help reduce their risks associated ...
Posted by David Hutchinson
on May 8, 2013
A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,627 on the Multiple Listing Service® (MLS®) in ...
Posted by Dale Ann Oord
on May 3, 2013
A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,627 on the Multiple Listing Service® (MLS®) in ...
Posted by Colleen Gray
on May 2, 2013
A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,627 on the Multiple Listing Service® (MLS®) in ...
Posted by Stefan Erbers
on May 2, 2013
VANCOUVER, BC – May 1, 2013 – In a recent Ipsos Reid opinion poll, 58 per cent of respondents agreed that the Property Transfer Tax (PTT) places an unfair tax burden on home buyers relative to other segments of the population. Twenty nine per cent disagreed, and 13 per cent had no opinion on the issue.
The poll also found that 51 per cent of respondents believe the provincial government ...
Posted by Sanjin Cvetkovic
on May 1, 2013