Blog by Karel Palla

October 2009 Sales Highest in 6 Years

November 19th, 2009

For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/2009-10.pdf.

For immediate release

October Home Sales Highest in Six Years

Vancouver, BC – November 17, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 115 per cent to 8,624 units in October ...

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 cent ...

Market Strength Extends Through 2010

November 13th, 2009

For a PDF version of this news release, including data table, follow this link:
www.bcrea.bc.ca/news_room/2009-11-13Forecast.pdf.

For immediate release

Market Strength Extends Through 2010
BCREA Fall 2009 Housing Forecast

Vancouver, BC – November 13, 2009. The British Columbia Real Estate Association (BCREA) released its Fall 2009 Housing Forecast today.

BC Multiple Listing Service® (MLS®) re ...

October 2009 Greater Vancouver Residential Housing Statistics

November 3rd, 2009

REBGV October Stats

High sales levels spur rise in home values

VANCOUVER, B.C. – November 3, 2009 – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008.

...

Greater Vancouver Home Prices to Rise in 2010 Canada Mortgage and Housing Predicts

November 3rd, 2009

CMHC sees home prices ready to rise

Housing markets across the Lower Mainland are headed higher next year, Canada Mortgage and Housing Corp. predicts.

A combination of more sales and fewer active listings will push average house prices higher in 2010, CMHC said yesterday.

"Home prices in most Lower Mainland centres are still below their previous peak," CMHC senior market analyst Robyn Adamac ...