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November 2011 Greater Vancouver Real Estate Market Statistics

January 20th, 2012

Historically normal activity keeps the Greater Vancouver housing market in a balanced state

VANCOUVER, B.C. – December 2, 2011 – The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Mult ...

October 2011 Greater Vancouver Real Estate Market Statistics

January 20th, 2012

Greater Vancouverat lower end of balanced housing market

VANCOUVER, B.C. – November 2, 2011 – With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residenti ...

September 2011 Greater Vancouver Real Estate Market Statistics

January 20th, 2012

Home listings continue to rise in the Greater Vancouver housing market

VANCOUVER, B.C. – October 4, 2011 – Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, a ...

REBGV August Stats are out - Greater Vancouver home sales trend toward buyers’ market

September 7th, 2011

Greater Vancouver home sales trend toward buyers’ market over summer

VANCOUVER
, B.C. - September 2, 2011 - August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year.

The Real Estate Board of Greater V ...

BC Court rules against tenant in a foreclosed home

August 31st, 2011

Faced with foreclosure recently, a British Columbia property owner vacated his property but then did something more unusual – rented out the property to a tenant as the bank took over ownership. While successful at first, the strategy eventually panned out when the bank sold the property and the tenant refused to vacate.

For Rent

It led to the February ruling by the British Columbia Supreme Court in ...

REBGV June Stats are out - Summer market is heading towards balance

July 11th, 2011

Summer housing market trends toward balance after an active spring season

Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 per cent ...

Changes to the Bank Of Canada's Qualifying Rate

July 11th, 2011

Qualifying Rate

Mortgages with variable rates or fixed terms under five years typically require that you qualify at a higher rate (called the “qualifying rate.”). 

For example, if you apply for a 2.25%, 5-year variable mortgage, the lender might make you qualify at their posted 5-year rate (5.54% for example).

Qualifying rates are used to ensure borrowers can handle their payments if rat ...

Real Estate Board of Greater Vancouver May 2011 Real Estate Statistics

June 2nd, 2011

Greater Vancouver housing market holds steady and favours sellers in May

VANCOUVER, B.C. – June 2, 2011 – Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3, ...

REBGV February statistics are out......check out the market and see what areas are on the rise!! Vancouver Real Estate Stats

March 2nd, 2011

REBGV reports increased housing demand in February

VANCOUVER, B.C. – March 2, 2011 – Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside.

For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced ...

Mortgage update from Jacqueline Baker from Dominion Lending Centres

March 1st, 2011

Today the Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent.
The global economic recovery is proceeding broadly in line with the Bank’s expectation, although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. The pace of the European economic recovery is buoyed down by the st ...

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