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Showing 21 to 27 of 27 total blog posts
On Friday, B.C. Real Estate Association reported that B.C. homes sales activity rose 9% , and the average price rose to $524,000 in September, compared to same month last year.
Canadian real estate market outperforms other countries in the world in a time of economic turmoil.
The Central 1 Credit Union reported that, although B.C. market would slow down, and sales activities would drop slightly, there is no indication of real estate bubble. According to the report’s author, Brian Yu, the low interest rates and the limited supply of land would keep driving the values of homes up. Furthermore, he mentioned […]
According to BCREA, the slowdown in economy in BC is likely to result in a slower growth in home sales through 2012. By the end of 2011, there is predicted to be 74,640 homes sold through MLS, showing a 4% growth from last year. This number is below the province’s long term average for sales. […]
BCREA predicts that in 2012, home prices across BC will show a slower increase due to the slower job growth in the province. For instance, in the Greater Vancouver Region, sales are to grow 7.9% in 2011 with an average price of $769,000. In 2012, however, sales are predicted to grow only 2.7%, where the […]
In the second quarter, the price of two-storey homes in Montreal has jumped 13.5%; an increase that is bigger than what has been seen in Vancouver, the most expensive housing market in Canada. Still, with the cost of a standard two-storey home now at $843,300, Vancouver is a class apart from Montreal. In Quebec, the […]
According to Statistics Canada, Metro Vancouver posted a miniscule 0.2 per-cent increase in new home prices in May from April, which is below the national gain of 0.4 per-cent. The city also showed a drop of 0.8 per-cent compared to May 2010. Nationally, new home prices rose 1.9 per-cent. However, a report by Royal LePage […]
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