Buyers Starting to Gain the Upper Hand?   Detached Sales in White Rock/South Surrey continued to decline over the past quarter while the Benchmark Price flat lined over that period. After reaching a high of $1,018,955 in August, the Average Price declined 10.0% in September to $917,244, not too far off the Benchmark Price […]

Canadian housing market immune to global turmoil in August, CREA finds     A real estate agent puts up a “sold” sign in front of a house in Toronto Tuesday, April 20, 2010. THE CANADIAN PRESS/Darren Calabrese Michelle McQuigge, The Canadian Press, On Thursday September 15, 2011, 4:09 pm EDT By Michelle McQuigge, The Canadian […]

The Bank of Canada’s changing language: CBC.CA On Wednesday September 7, 2011, 4:51 pm EDT Watching the Bank of Canada’s language on the economy change over the past year is like seeing a healthy, upbeat person gradually come around to the idea that a serious illness is overtaking them. A year ago, the central bank […]

Buying a vacation property – what you need to consider Owning a vacation home – whether for summer, winter, or year-round use – is a dream shared by many Canadians. With the loonie in good shape and U.S. vacation properties currently at bargain prices, more Canadians are looking southward for their dream retreat. In 2010, […]

There are plenty of reasons Vancouver no longer the world’s most livable city Brian Hutchinson  Aug 30, 2011 – 9:00 PM ET | Last Updated: Aug 30, 2011 8:22 PM ET Vancouver has lost its title as the world’s most livable city, but we soldier on. What has changed, really, since the last survey? We’ve experienced […]

B.C.’s home sales, property values to slow as job growth ebbs: BCREA VANCOUVER – Slower job growth in British Columbia’s economy will mean slower increases in home sales and property values through to 2012, the B.C. Real Estate Association said Thursday. And by the end of 2012, the association expects the high-flying prices in some […]

Royal Bank, BMO increase its five-year variable mortgage rates   Sunny Freeman, The Canadian Press, On Tuesday August 23, 2011, 8:01 pm EDT By Sunny Freeman, The Canadian Press TORONTO – Royal Bank of Canada (TSX:RY) is raising its variable rate mortgages for homebuyers in a move that reflects higher costs of borrowing in the […]

Understanding house prices What factors affect the value of a home? Location: Real estate people always say “Location, location, location.” That’s because the area you live in will be the biggest factor affecting your home’s price. It’s smart to buy a home where housing prices are likely to increase. Also, the people who may buy […]

Real estate buyers to focus on low interest, ignore market turmoil Mary Gazze, The Canadian Press TORONTO – Canada’s real estate market will grow in the rest of the year as Canadians undeterred by recent turmoil in global stock markets will continue to be drawn in by low mortgage interest rates, economists say. The economists […]

Transmitted by CNW Group on : July 7, 2011 13:19 Average House Prices a Misleading Gauge of the Health of the Canadian Real Estate Market: CIBC Detailed analysis shows a highly segmented market that will see prices drop over time, but preconditions for a market crash don’t exist TORONTO, July 7, 2011 /CNW/ – The […]