Residential Real Estate News

More see condos as investment:

More people are seeing condominiums as an attractive investment opportunity than was the case a year ago, according to a survey released yesterday. Toronto-Dominion Bank said 44% of respondents in a survey of urban Canadians said conditions had improved over the past year with regard to the prospects of buying a condo for investment purposes. That was up from 21% in a similar survey done last year.
Financial Post, May 05, 2009 CNW, May 05, 2009

Vancouver real estate values edge higher in April - 

Real estate values in Metro Vancouver continued to show signs of recovery in April, as buyers nudged prices higher for the second month in a row. The latest figures from the Real Estate Board of Greater Vancouver showed the benchmark price for a typical home - an aggregate including detached, attached, and apartment residences - rose to $499,000 in April, up about $9,000 from the month before.
CBC News, May 05, 2009

A Short Sale May Not Mean You're Home Free -

Financially troubled borrowers may think that foreclosure or a short sale of their home means their mortgage woes are over. Not necessarily. Some homeowners are finding that when they sell their homes for less than the outstanding mortgages -- a so-called short sale -- their mortgage companies are going after them for some or all of the difference.
Wall Street Journal, Apr 30, 2009

Canadian Tire offers savings program for home renovators - - CTC-T

Canadian Tire is launching a new savings program for customers undertaking home improvement and renovation projects this spring. Whether customers are planning landscaping, painting, electrical or plumbing projects, Canadian Tire is helping customers to save even more money on hundreds of eligible home improvement items through a new program called Small Jobs Big Returns.
CNW, May 07, 2009

Vancouver condo tower to be Canada's first plug-in electric vehicle building -

Condo buyers at Concord Pacific's new Cosmo building in downtown Vancouver will have the capacity to plug in and charge their electric vehicles. According to a release, the planned 23-storey building at the corner of Georgia and Beatty - to be ready for occupancy by 2012 - will have 220v plug-in capability in about 20 per cent of the stalls.
Times-Colonist, May 07, 2009


Sanjin Cvetkovic

Sanjin Cvetkovic

CENTURY 21 In Town Realty
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