June 23, 2008
The real estate market appears poised for a soft landing rather than a crash, in a cooling trend the Bank of Canada says is both "expected and welcome."
Sheryl Kennedy, the central bank's deputy governor, said Canada's financial prudence has helped it sidestep the sharp home price declines being experienced in countries including the U.S., Britain and Spain.
"The Canadian hou ...
VANCOUVER, B.C. - June 3, 2008 - The Greater Vancouver housing market continued its re-balance between sales and listings last month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 30.7 per cent in May 2008 to 3,002 from the 4,331 sales recorded in May 2007.
New listings for detached, attached and apartment properties ...
Thursday, May 15, 2008
Unmistakeable signs of cooling are appearing in the Canadian real estate market, but the chance of a big drop in prices is "very low," according to an analysis from Scotia Capital.
"After many false calls, there is now convincing evidence that Canada's housing market has come off the boil," writes Scotia economist Adrienne Warren.
Warren cites a conflu ...
Jennifer Chu started her real estate career in sales and marketing for Bob Rennie at Rennie Marketing Systems after she left the classical music industry as a professional bass player. Before Jennifer Chu became a realtor with Vancouver's most esteemed brokerage firm Macdonald Realty, Jennifer Chu worked with Bosa Properties. Jennifer Chu is the fastest growing Vancouver Downtown realtor. ...
New housing prices rose by 6.2 per cent from December 2006 to December 2007, mainly due to a strong housing market in the Prairie provinces.
That was a slightly faster pace than the year-over-year increase of 6.1 per cent in November, Statistics Canada reported Monday.
On a monthly basis, prices rose 0.1 per cent between November and December.
Regionally, prices climbed at the fastest rate ...