HIGHLIGHTS OF THE WEEK   United States   *    The Federal Reserve committed to keep rates on hold through the end of 2014 this week, while today’s Q4 GDP released underscored the fragility of the economic recovery. Unfortunately, further monetary easing isn’t what is going to provide the jolt the economy needs.   *    What’s […]

How will the new MLS® Home Price Index help you help your clients? The housing price index (HPI) has always been the best measure for home price trends and now it’s going to get even better. In February, CREA and five of Canada’s largest real estate boards, including FVREB, will launch a national index replacing […]

News Release: January 4, 2012 2011 REAL ESTATE MARKET SHOWCASES REGIONAL VARIATION (Surrey, BC) – Overall, Fraser Valley’s real estate market in 2011 was below the 10-year average in property sales and above average in the number of new listings received, however, according to the president of the Fraser Valley Real Estate Board, results varied […]

News Release: December 2, 2011 STEADY DEMAND FOR HOMES HEADING INTO THE HOLIDAYS (Surrey, BC) – The November property sales in the Fraser Valley are up slightly compared to last year and didn’t experience the usual month-over-month seasonal decline. The Fraser Valley Real Estate Board processed 1,120 sales in November on its Multiple Listing Service® […]

  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 […]