Home building in Canada soared in April according to the Canada Mortgage and Housing Corp. There was a seasonally adjusted annual rate of 244,900 housing starts in April - up 14 per cent...
Posted In: Real Estate News
In April, Greater Victoria condo sales increased 20 per cent month-over-month while single-family sales remained virtually unchanged. According to the Victoria Real Estate Board, new developments in View Royal and Langford, resulting in a higher sales volume in April when 171 condos were s...
Posted In: Victoria Real estate
A very interesting story by Garry Marr in the April 18 edition of the Financial Post. According to Marr, some ...
Posted In: Real Estate News
Canadian home sales for January and February were up in 12 of the 15 markets assessed compared to a year earlier, most by 10 per cent or more. While low mortgage rates were a driv...
Posted In: Real Estate News
Some Canadian banks are now requiring condo builders put more equity into new projects, raising the percentage of condo units that must be pre-sold and are also demand...
Posted In: Real Estate News
Look for low interest rates to continue supporting Canada’s real estate market through 2012. In its annual look ahead, the Canadian Real Estate Associa...
Posted In: Real Estate News
The number of new multi-family dwelling projects in B.C. is on the rise this spring. ...
Posted In: Real Estate News
Canadian housing prices were flat or falling in the last quarter of 2011. The Teranet-National Bank house price index indicates that Canadian home prices fell in December by 0.2 per cent from the previous month. This was the second straight monthly decline following two consecutive months...
Posted In: Real Estate News
The province of B.C. has introduced new programs of particular interest to Victoria homebuyers and home sellers, meant to ease the transition out of the HST and back into the PST. The province increased the threshold for the HST rebate on new homes from $525,000 to $850,000 - a...
Posted In: Real Estate News
The BC government has introduced a pair of measures worth a combined $51 million to spur this province’s homebuilding industry. The first-time homebuyers' bonus will offer eligible buyers up to $10,000 back on new homes purchased between Feb. 21 of this year and April 201...
Posted In: Victoria Real estate
Victoria homes buyers, builders, owners and realtors will find out this Friday how the province will move away from the harmonized sales tax. ...
Posted In: Real Estate News
Worried about a housing bubble and burst impacting Canadian real estate markets? Expect a slow cooling suggests a leading bank economist, as markets correct and affordability concerns are addressed. In early January, BMO Capital Markets chief economist Sherry Cooper asserted th...
Posted In: Victoria Real estate
How low can rates go? For many Victoria homeowners and Victoria real estate purchasers, it’s never looked more attractive to lock in their mortgage rate for five years. However, recent news that the U.S. Federal Reserve won’t be hiking rates until the end of 2014 should make ho...
Posted In: Victoria Real estate
Real estate optimism springs eternal in Victoria and this optimism was buoyed by December 2011 sales stats recently released by the Canadian Real Estate Association. According to the association, sales of existing homes in Canada rose 1.8 per cent in December from the previous month, and ...
Posted In: Victoria Real estate
While the real estate market started out sluggish in 2011, by mid-summer unit sales had stabilized. In December, annual sales for single family homes, townhomes and manufactured homes had increased, while condominium sales decreased by 15% compared to December 2010. "This may be the ...
Posted In: Real Estate News