Metro Vancouver home prices climb while sales drop. Home sales have reached a decade low

Posted on April 6, 2012 by Chris

VANCOUVER — Prices of homes in the Greater Vancouver area continue to climb while home sales have dropped to some of the lowest levels seen in a decade, the Real Estate Board of Greater Vancouver said Tuesday. Sales of residential …

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Recent Vancouver condo quick sales not sign of what’s ahead

Posted on March 22, 2012 by Chris

VANCOUVER — Saturday’s four-hour blowout sale of 415 homes at Marine Gateway will be followed by similar quick sales at other condo towers this year, but don’t expect a return to the heady pre-recessionary days when every project sold out …

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$10k home-buyer bonus sure to spur first-timers: mortgage expert

Posted on March 19, 2012 by Chris

The new $10,000 bonus for first-time buyers of new homes will likely help a lot of potential buyers make the leap into the real estate market, a mortgage expert says. Ryan McKinley, mortgage development manager at Vancity, said he’s had …

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Vancouver real estate at risk if Canadian lending not constrained: TD

Posted on March 19, 2012 by Chris

OTTAWA – Canadian housing is 10 to 15 percent over-valued, Canada’s second largest bank warned on Friday, as it called for more action to constrain lending growth. Toronto-Dominion Bank chief economist Craig Alexander said in an analysis that if the …

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