(Surrey, BC) – Sales processed on the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) increased by 23 per cent in one month going from 1,477 sales in May to 1,815 in June. June’s numbers represent an 8 per cent decrease compared to the 1,982 sales during the same month last year. Deanna Horn, […]

Weak Canadian GDP puts BoC on the spot Eric Lam, Financial Post · Friday, Jul. 2, 2010 With Canada’s economy stumbling in April, adding fuel to speculation the country’s roaring recovery that began in September 2009 was coming to an abrupt end, economists warned Canada’s central bank will have to tread carefully on its plan […]

MAJORITY OF ATTACHED HOMES IN FRASER VALLEY FALL UNDER HST THRESHOLD SURREY, BC – The Fraser Valley will offer buyers of new homes noticeable savings after July 1 when the Harmonized Sales Tax (HST) comes into effect, according to the Fraser Valley Real Estate Board. Deanna Horn, President of the board explains, “Since the majority […]

Steve Ladurantaye Real Estate Reporter  Globe and Mail Buyers backed away from Canada’s housing market in May, driving sales lower in what is traditionally the busiest month of the year for the country’s real estate agents. The housing market has been key to Canada’s economic recovery, as low  interest rates and pent-up demand drove buyers […]

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 For immediate release Housing Market Push and Pull: Economic Growth Versus Affordability   BCREA Housing Forecast – Second Quarter 2010 Vancouver, BC – June 7, 2010. BC Multiple Listing Service® (MLS®) residential sales are forecast to ease back 3 per cent from 85,028 units in 2009 to 82,350 units this year, before increasing 4 per […]

The federal privacy commissioner’s report on unsecure mortgage broker practices for protecting client information has further exposed the industry to potential fraud crimes. “If I was a professional criminal, a mortgage broker would be my main target,” said Greg Viger, accredited mortgage professional with Dominion Lending Centres Financial Ltd. in Burnaby, B.C. “Bad press like […]

Wal-Mart Stores Inc. changed the face of retail in North America by making life easier for the little guy through its simple formula of cutting prices and cranking up volumes. Is banking next? This week the retailing giant won final approval to open a bank in Canada, providing entry to an industry that has been […]

Fraser Valley Real Estate Board NEWS RELEASE For immediate release: June 2, 2010 FRASER VALLEY BUYERS ENJOY ABUNDANT SELECTION (Surrey, BC) – Property buyers continued to see an increase in selection while sellers faced more competition as listings grew and sales decreased on Fraser Valley’s Multiple Listing Service® (MLS®) in May. The Fraser Valley Real […]

Pension shortfall hits middle class   About 20 to 25 per cent of Canadians are not saving enough to provide an adequate retirement income, says the chief economist of TD Bank Financial Group.   One of the ironies of that statistic is that these pension laggards fall into the middle class group of those who […]