August 2007 Housing Market
September 10th, 2007
August 2007 Housing Market
Blog by Michael Giesbrecht
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Record July for BC Home Sales
August 17th, 2007
Vancouver, BC – August 16, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 44 per cent to $4.66 billion in July, compared to the same month last year. Residential unit sales increased 25 per cent to 10,447 units during the same period, a record number of July transactions. The average MLS® ...
BC Home Sales Surpass Expectations
July 17th, 2007
Home Sales Surpass Expectations in 2nd Quarter
Vancouver, BC – July 17, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 20.4 per cent to $4.98 billion in June, compared to the same month last year. Residential unit sales increased 8 per cent to 11,175 units during the same period. The aver ...
Vancouver and Quality of Living
July 12th, 2007
Vancouver scores very well on Mercer Quality of Living Report
Vancouver has again received a high ranking on an international quality of life report. Vancouver was tied for third on the Mercer’s Quality of Living Report, which uses expatriate assignments to rank 215 cities worldwide on the tangible aspects of living in a city.
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Relocating
July 7th, 2007
Tips for the Relocating Partner
By Michael Giesbrecht
Prudential Sussex Realty
A new career opportunity sometimes means that your family will need to relocate to another city. The decision to move is often arrived at after careful consideration of various factors including the other partner’s career; the effect on the children’s educational and recreational activities; and fin ...
Home Buyers Get a Break
June 21st, 2007
The Federal Government is now allowing lending institutions to offer 20% down payment mortgages without requiring the borrower to purchase mortgage insurance. This is a drop from the 25% it was before. In addition, current home owners will be permitted to borrow up to 80% of the value of their home without purchasing mortgage insurance. A survey conducted by the Royal Bank of Canada indica ...
Home Sales Rise; Affordability Falls
June 20th, 2007
Vancouver, BC – June 19, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 17.5 per cent to $5.32 billion in May, compared to the same month last year. Residential sales increased 3 per cent to 11,683 units during the same period. The average MLS® price hit $454,945, up 14 per cent from May 2006.
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Real Estate and Immigration
June 6th, 2007
The Canadian housing market loves immigrants! Read more here.
Flip This House
June 4th, 2007
Interesting article in USA today about the popular show on A&E. Read the article here.
Expensive Homes
May 28th, 2007
A recent survey has designated London as the world's most expensive place to buy residential property, beating out Monaco, New York City, Hong Kong, and Tokyo. Homes are going for an average of $4,600 per square foot in the British capital.
Earlier this year, a 77-square-foot former storage room, without electricity or heat, in the exclusive Knightsbridge neighbourhood was on the mark ...