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Blog by Karel Palla

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February 2010 Greater Vancouver Market Housing Statistics

March 2nd, 2010

REBGV Stats

Home sales activity strong through Olympic period

The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in ...

Low Inventory levels set stage for heated spring market in most major Canadian Centres

February 24th, 2010

Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Active listings down in 81 per cent of markets in January

KELOWNA, BC, Feb. 24 /CNW/ - Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.

The RE/MAX Market Trends Report 2010, which ...

New Mortgage Rules to Take Effect April 19, 2010

February 22nd, 2010

New mortgage rules to take effect April 19

On February 16, Finance Minister Jim Flaherty announced new mortgage rules intended to help ensure homebuyers can handle their debt load when interest rates rise, as well as to slow down real estate speculation.

"There's no clear evidence of a housing bubble, but we're taking proactive, prudent and cautious steps today to help prevent one. Our go ...

January 2010 - Housing Supply and Demand Reach Closer Alignment in January

February 2nd, 2010

REBGV Stats

Housing supply and demand reach closer alignment in January

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 76 ...

December 2009 Home Sales Second Highest on Record

January 12th, 2010

Strong Finish to Greater Vancouver Housing Market in 2009

January 6th, 2010

REBGV Stats

Slow start, strong finish for housing market in 2009

After beginning the year at near record low sales levels, buyers' confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.

The Real Estate Board of Greater Vancouver (REBGV) reports that total unit sales ...

Greater Vancouver Housing Statistics November 2009

December 3rd, 2009

November Stats

Strong demand carries into late fall

Home values continued to edge upward in November as demand in the Greater Vancouver housing market remains well above seasonal norms.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 12.4 per cent to $557,384 from $495,704 in November 2008. This p ...

October 2009 Sales Highest in 6 Years

November 19th, 2009

Government listens to Real Estate Board on HST

November 19th, 2009

HST update

Government listens to Real Estate Board on HST

The BC Government has announced that it will exclude new homes costing up to $525,000 from its proposed 12 per cent Harmonized Sales Tax (HST) scheduled to take effect July 1, 2010.

The government has also increased the rebate of the provincial portion of the HST paid on a new home to a maximum of $26,250.

This represents a 30 per ...

Market Strength Extends Through 2010

November 13th, 2009
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