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Greater Vancouver and the Fraser Valley lead Canadian market

BY GERRY QUIRKE, Editor British Columbia Properties

 

False Creek
 Greater Vancouver sales up 11.3% month on month.
December 15th, 2010 – National resale housing activity continues its return to normal levels, having risen in November 2010 for the fourth consecutive month, according to statistics released today by The Canadian Real Estate Association (CREA).
Read more...
 

British Columbia Housing Market Recovers from Summer Doldrums

 

BY JAMES MICHAEL, British Columbia Properties

 

Aerial view of Vancouver real estate
 AERIAL VIEW, Vancouver Metro Real Estate.
Residential sales in the province climbed 20 per cent in November from October 2010, on a seasonally adjusted basis. Compared to November of last year, MLS® residential unit sales were down 21 per cent to 5,647 units. The average MLS® residential price rose 9 per cent to $523,394 in November compared to the same month last year.
Read more...
 

Re/Max Predicts Housing Scarcity Will Mean Continued Price Rises in Major Canadian Markets for 2011

Report By LIZ HANNAH

Canadian home prices should continue to rise next year, despite sales levels flattening in most major markets, said Re/Max in a report released December 2010.
Home Buyers Fuel Continued Growth in Vancouver Housing Market
Read more...
 

British Columbia  Home Sales Trend Higher

By LAURA RIDLEY

November 2010: On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in October from September 2010. The average MLS® residential price climbed 6 per cent to $521,859 in October compared to the same month last year.
British Columbia properties sales results
Read more...
 
BCREA House Price Forecast 2010/11
Board Area2009End-2010
Forecast

End-2011

Forecast

10%

11% 
Victoria
$476,137$501,000 $495,000 5.2  (1.2)
Vancouver Island
$316,118$328,000 $326,000 3.8  
 (0.6)
Sunshine Coast/Powell River
$237,125$240,000$238,0001.2
 (0.8)
Greater Vancouver$592,441$665,000$658,00012.2
 (1.1)
Fraser Valley
$425,796$448,000$446,0005.2 (0.4)
Chilliwack & District
$296,601$305,000$302,0002.8
 (1)
Kamloops$300,349$305,000$302,0001.5
 (1)
Okanagan Mainline
$379,711$392,000$390,0003.2
 (0.5)
South Okanagan
$314,883$321,000$318,6002
 (0.9)
Kootenay$274,118$275,000
$272,000

0.3 

 (1.1)
Northern Lights
$222,294
$210,000
$215,500
(5.5)
 2.4
BC Northern
$211,805$214,000
$212,000
1
 (0.9)
British Columbia Total$465,725$498,500$495,600 7  (0.6)

Source: British Columbia Real Estate Association Housing Forecast Summary November 10th 2010
 

BCREA Housing Sales Forecast for 2011

BCREA

 

Vancouver christmas lights
 Unit sales predicted to rise in 2011.
Residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011. BCREA Fall Forecast November 2010
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British Columbia Properties Vacancy Rates Drop Below 1%

By GERRY QUIRKE

The average apartment rental vacancy rate in all BC's major centres except for Abbotsford posted a vacancy rate below 1% in April 2008, according to the CHMC's annual report released in Jun
Vancouver Rental Market
Read more...
 
Gastown Benefits from $10m Historic Neighbourhood Revitalization
BY GERRY QUIRKE, Editor British Columbia Properties
Developments in Vancouver's historic areas, Gastown, Granville, Chinatown, Japantown and Strathcona, will benefit from a $10 million investment by the provincial government.
Read more...
 

International Investors Will Help Drive British Columbia Property 
Market For Years

By GERRY QUIRKE

Investment in Canada and the Canadian real estate market is increasingly international with investment across national borders. In British Columbia, and particularly in Vancouver, rapid property price rises, increased home sales and rental property investment are also affected by the growth of the Pacific Rim economies and the exponential rise in China's fortunes. All indications are that BC ought to be a good investment for years to come.
Lions Gate Bridge Vancouver
Read more...
 

Global Survey Shows Vancouver Prices Pale in Comparison With Other International Cities: Prices Driven by Foreign Buyer Demand
Report by LIZ HANNAH

London, New York, Moscow and Dubai are outstripping downtown Vancouver's price per square foot by up to four times, prices being driven by foreign investors. 
Home Buyers Fuel Continued Growth in Vancouver Housing Market
Read more...
 

BC’s Warm, Mild Climate Makes for Great Wines

By LAURA RIDLEY

For those who believe that Canada is all cold and wintry, British Columbia's successful wine industry may come as a surprise. 136 wineries operate 464 vineyards and covering an estimated 7500 acres across five wine regions. 
BC’s Warm, Mild Climate Makes for  Great Wines
Read more...
 
BC MAP
 
National resale housing activity up in December 2010
By LIZ HANNAH
Kootenay: Recreation Buyers  Bid Prices Up 25% in 07National resale housing activity in December 2010 was slightly above average for the month of December, according to statistics released by The Canadian Real Estate Association. Read more...
 
CMHC Predicts Moderated New Housing Starts in 2011
By LAURA RIDLEY
Vancouver Property British Columbia PropertiesHousing starts are expected to have continued to moderate in the last quarter of 2010. Overall, starts are forecast to stabilize at levels consistent with demographic fundamentals in 2011, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook.
Read more...
 
Economic News: Canadian Job Gains December 2010
STATISTICS CANADA
Coal Harbour VancouverCanada added 22,000 jobs in December 2010, according to Statistics Canada.
Read more...
 
Canada's National Rental Vacancy Rates Edge Lower
By LAURA RIDLEY
Coal Harbour VancouverThe average rental apartment vacancy rate in Canada’s 35 major centres1 decreased slightly to 2.6 per cent in October 2010, from 2.8 per cent in October 2009.
Read more...
 
Economic Action Plan Creates Jobs and Improves Social Housing in BC
By LAURA RIDLEY
Canada Action Plan British Columbia PropertiesCanadian government announces action plan in November 2010. Read more...
 
Canada's November Housing Starts Up
By LAURA RIDLEY
Coal Harbour VancouverThe seasonally adjusted annual rate of housing starts was 187,200 units in November 2010, according to Canada Mortgage and Housing Corporation. This is up from 167,800 units in October..
Read more...
 
Property Investment Golden Rules
By IAIN MAITLAND
The 10 Golden Rules of Property Investment, reported by International Property Alerts.
Read more...
 

Buying in British Columbia: Is it Time?
By LAURA RIDLEY

Mortgage DeedIn spite of the strengthened dollar, Canada was still named the most affordable English-speaking country in which to buy. 

Read more...
 
BC Makes Rightmove's Top Ten
By JAMES MICHAEL 
British Columbia is the 7th most popular destination for Britons looking to buy abroad, according to www.rightmove.co.uk's survey of its users in July. Read more...
 
Assignments: The Risks and Opportunities
By LAURA RIDLEY
KoretBuying an Assignment is not the same as buying a finished home.  We consider the opportunities and the risks involved. Read more...
 
New Tool Helps Homebuyers Navigate Presales
By LAURA RIDLEY
NCoal Harbour Vancouverew tool helps homebuyers purchase homes under development, also known as presales. Read more...
 
Canada Climbing the Charts for UK Property Investors
By LAURA RIDLEY
Maple LeafCanada has been recommended as a top ten property investment destination. Read more...
 
A Walk on BC’s Wild Side
By SUE KERNAGHAN
A Walk on BC’s Wild SideGetting close to BC’s other home-makers – the wildlife that BC is famous for. Close but not too close: keeping a safe distance is the guiding mantra of wildlife watching in BC. Read more...
 
Gastown – an Intoxicating Whiff of Vancouver's History
By GERRY QUIRKE
Gastown's Regeneration – a  Slice of Vancouver's HistoryWith an eye to New York’s Meatpacking District, or London’s Docklands, developers are bringing life back to the rare, lovely buildings that once housed the heart of Vancouver’s commercial and industrial life. Read more...
 
Property  Buyers' Service Launched
By LAURA RIDLEY
Coal Harbour VancouverIf you are considering purchasing an investment or recreational property in British Columbia, BritishColumbia-Properties.com offers you an on-the-ground service enabling that aspiration to become a reality. Read more...
 
Mountain Facts and Figures
Compiled By LIZ HANNAH
Mountain Facts and FiguresThe essential winter sport information you need for the main BC ski resorts. Read more...
 
The Okanagan: Life Is Good
By GERRY QUIRKE
The Okanagan: Life Is GoodFrom deserts to ski mountains, the Okanagan has it all as a place to live, vacation, invest. Read more...
 

Currency Exchange Rate Conversion
If you want to convert prices given in any of the articles you read on BritishColumbia-Properties.com from Canadian Dollars to your preferred currency, click on this link to the BritishColumbia-Properties.com Currency Convertor and a new window will open up with a currency convertor ready for you to use.

 

 

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