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Showing 1 to 10 of 177 total blog posts

North Vancouver Real Estate Insights from Faith Wilson Group – October 2017

Faith Wilson Group October 2017 North Vancouver Real Estate Insights October 2017 North Vancouver Detached houses KEY INSIGHTS Detached house sales in North Vancouver were up 15.4% in October from the same month a year earlier, to 75, but remain well below the spring pace when about 130 houses sold each month.  New listings were […]

Faith’s Home Buyer Breakdown for Richmond – October 2017

Faith’s Home Buyer Breakdown for Richmond, October 2017 Detached houses KEY INSIGHTS The Richmond detached housing market proved a contradiction in October. Richmond was the only Metro municipality to report higher starts of detached houses, with 51. Yet Richmond also had among the lowest sales of detached houses in October, down 1.5% from October 2016 […]

Faith’s Property Insights for Burnaby – October 2017

Faith Wilson Group October 2017 – Burnaby-New Westminster Real Estate Insights Townhouses KEY INSIGHTS Townhouse sales and listings in Burnaby-New Westminster were in step during October, in that nearly every new listing sold, and quickly. But, with 77 new listings and 68 sales, this is not a balanced market. It is very much a seller’s […]

October 2017 Vancouver Real Estate Analysis

Our exclusive monthly analysis is the most comprehensive report of its kind. Featuring statistical analysis and thoughtful insight for 3 property types (Single Family Detached, Townhouses and Condos) across all Vancouver, North Vancouver, Richmond, Burnaby & New West, Tri-Cities and South Surrey & White Rock MLS® areas, it is a must-read for anyone considering buying […]

Vancouver Eastside Property Insights

Eastside Detached houses KEY INSIGHTS As we predicted here recently, Grandview has become the most popular neighbourhood for detached house buyers (and likely investors) on the Eastside. In October more houses sold (13) in Grandview than in any other area, despite a price nearly $100,000 above the Eastside benchmark. We suspect the surge is due […]

Vancouver Westside Real Estate Insights

Faith Wilson Group October 2017 West Side Insights Westside Detached houses October 2017 KEY INSIGHTS Sales of Westside detached houses were up 6.6% in October compared to the same month a year earlier, but the 81 sales were consistent with a month earlier and remain indicative of a generally slower market this year. Prices also remain […]

October Vancouver Condo Market Breakdown

In October, two of the five most expensive homes sold in Vancouver were condominiums: a $5.28 million two-bedroom suite on the 43rd floor of a Seymour Street downtown tower; and a $5.25 million, three-bedroom pre-sale in Yaletown. The heady prices should not be a surprise in a city where the condominium is now the market […]

Bank of Canada Keeps Benchmark Interest Rate Steady at 1%

On behalf of Lorraine Gingras| Mortgage Specialist l RBC Royal Bank  The Bank of Canada has decided to keep its benchmark interest rate steady at 1 per cent. The bank’s rate, officially known as the target for the overnight rate, has a large impact on the rates that retail banks offer consumers on savings accounts and […]

Understand what you really want to buy

I was talking to a mature client this week on the front porch of his pleasant Kitsilano house. He is considering downsizing to a condominium and said his son is hoping to buy his first home in Vancouver. But he was concerned that he “wouldn’t fit” into a condo after 25 years of living in […]

Sep Q3 2017 – Real Estate Statistics

Our exclusive monthly analysis is the most comprehensive report of its kind. Featuring statistical analysis and thoughtful insight for 3 property types (Single Family Detached, Townhouses and Condos) across all Vancouver, North Vancouver, Richmond, Burnaby & New West, Tri-Cities and South Surrey & White Rock MLS® areas, it is a must-read for anyone considering buying […]

 

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