It's now January 2012, high canadian consumer debt load is in all the news media, your New Years resolution might have been to work on reducing your debt, so here's a great way of looking at it. Fixed mortgage rates are at historical lows…a 5 year fixed rate can be had for 3.39% and in some cases, even 3.29%. Does it make sense to refinance your mortgage and consolidate ...
Posted by Michael LaPrairie
on January 5, 2012
Welcome back and a Happy New Year to you all !
Right to the point - we had a "surprising" year according to most. This of course is the time of year everyone takes a little stock and those that dare - how soon we forget - start with the prediction phase of our real estate calendar. I always wish them luck but am a firm believer the local Vancouver area does buck most national and regional ...
Posted by Mike Cook
on January 5, 2012
VANCOUVER, B.C. – January 4, 2012 – 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 ...
Posted by Charles Bilash
on January 4, 2012
The BC government announced yesterday that they will be increasing the threshold of homeowners grant from $1.15 million to $1.285 million. This will be the third consecutive year the threshold has been increased because of raising home values in Greater Vancouver.
For the full Press Release see below
VICTORIA – British Columbians who own homes worth up to $1.285 million may be eligible ...
Posted by Morgan DuVernet
on January 4, 2012
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 ...
Posted by Jules Seaman
on January 4, 2012
Prime Yaletown Office Space For Sale!
SOLD WITH MULTIPLE OFFERS!!!
Location, location, location! Very sought after office space at Aquarius Professional Offices with 1630sf of space that has a 50ft wide floor to ceiling window facing Pacific St (great for company signage with high street visibility). Very high car and foot traffic with bus stopright in front of the building, Canada Line just a ...
Posted by Oliver Po
on January 3, 2012
Nonsmoking multi-unit dwellings are next to impossible to find
By Carlito Pablo, December 21, 2011
California’s Sonoma County is going to be the envy of Lower Mainland residents who have to put up with the secondhand smoke of their neighbours.
Starting on May 10 next year, all new multi-unit residences in the county will be smoke-free. Then, as of January ...
Posted by Kelsie Struch
on December 22, 2011
Season's Greetings ! Just thought I would take a mid month look at the real estate market in Vancouver. Still showing good numbers in both sales and listings. A very nice surprise on the listing side but I suspect there is a substancial number due to expire at the end of the month. In the downtown, Yaletown, Coal Harbour and West End areas - the MLS is showing 984 current listings. ...
Posted by Mike Cook
on December 19, 2011
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province remained relatively unchanged in November compared to the same month last year. A total of 5,640 units were sold last month compared to 5,647 units in November 2010. The average MLS® residential price was up 1.1 per cent to $529,140 in November compared ...
Posted by Eniz Aziz
on December 15, 2011
Lets try to make sense of what has happened in the Real Estate Market over the last few months, and look to the future to 2012. The Real Estate Market is strong and some indicators have had economist and professionals waiting for a small dip in 2012.
Sales activity rose slightly (+0.5 per cent) from October to November on a seasonally adjusted basis. Year-to-date ...
Posted by Eniz Aziz
on December 15, 2011