BCREA Revises Price Forecasts Upwards for 2010 By LAURA RIDLEY Nov 13th: the British Columbia Real Estate Association (BCREA) has revised its Housing Forecast figures for 2009/2010 upwards.
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BCREA House Price Rise Forecast 2009/10 | Board Area | 2008 | End-2009
Forecast | End-2010 Forecast | 09% | 10% | Victoria
| $484,898 | $475,000 | $505,000 | (2) | 6 | Vancouver Island
| $330,556 | $317,000 | $320,500 | (4)
| 1 | Sunshine Coast/Powell River
| $254,117 | $246,000 | $252,000 | (3) | 2 | | Greater Vancouver | $593,767 | $586,000 | $620,000 | (1)
| 6 | Fraser Valley
| $431,781 | $425,000 | $445,000 | (2) | 5 | Chilliwack & District
| $316,229 | $296,000 | $310,000 | (6) | 5 | | Kamloops | $307,369 | $301,000 | $308,000 | (2)
| 2 | Okanagan Mainline
| $406,647 | $378,500 | $397,000 | (7)
| 5 | South Okanagan
| $339,394 | $314,000 | $326,600 | (8)
| (4) | | Kootenay | $287,549 | $275,000
| $282,000
| (4) | 3 | Northern Lights
| $191,685
| $217,000
| $220,500
| 13
| 2 | BC Northern
| $215,358 | $210,500
| $213,000
| (2) | 1 | | British Columbia Total | $454,599 | $463,200 | $482,800 | 2 | 4 |
Source: British Columbia Real Estate Association Housing Forecast Summary November 13th 2009 |
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BC Housing Market Gains Momentum
BCREA 
Home Purchases Brighten BC Housing Market.
“Low mortgage interest rates and renewed confidence in real estate assets has propelled BC home sales to a level not seen in two years” the BCREA has reported. |
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Record Sales in Vancouver Housing Market
JIM QUIRKE 
Home Sale Numbers and Purchaser Confidence Increase.
After sliding into buyers' territory in 2008, record July sales in Vancouver and Victoria have lifted British Columbia's propery market into 'balanced conditions', the BCREA has reported. |
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BC Real Estate Purchase Confidence Improving June 09
BCREA Report 
Home Sale Numbers and Purchaser Confidence Increase.
A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving. |
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Conference Board of Canada Forecasts Growth for 08/09 BY GERRY QUIRKE, Editor British Columbia Properties 
Strong Fundamentals in Canadian Economy's Favour.
In an article originally published for Canadian newspaper the Globe and Mail's online edition July 18 2008, president and CEO Anne Golden highights Canada's strong domestic economy and global demand for Canadian resources, and predicts economic growth of 1.7 per cent in 2008. |
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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 |  |
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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. |
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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.
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British Columbia Cities on Top in 2008 CONFERENCE BOARD OF CANADA REPORT Vancouver and Abbotsford are among the top five fastest-growing cities in 2008 - and all five are on Canada's west coast. Victoria's economy performed exceptionally well for the fourth straight year in 2007. |  |
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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. |  | 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. |  |
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Canada's Housing Recovery
By LAURA RIDLEY
 Housing starts have started to recover and are expected to continue to improve in the second half of 2009, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook report.
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Property Investment Golden Rules
By IAIN MAITLAND
The 10 Golden Rules of Property Investment, reported by International Property Alerts.
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Buying in British Columbia: Is it Time?
By LAURA RIDLEY  In spite of the strengthened dollar, Canada was still named the most affordable English-speaking country in which to buy.
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Bank of Canada Rate at 1%
By LAURA RIDLEY
The Bank of Canada lowered its overnight Bank Rate to 1 per cent, 20 January 09. Read more... |
Canada's Economic Competitiveness
By JOHN CLINKARD
Two recently published reports provide a strikingly similar evaluation of Canada’s overall economic health compared to its peers.
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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
 Buying 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
New tool helps homebuyers purchase homes under development, also known as presales. Read more... |
Canada Climbing the Charts for UK Property Investors
By LAURA RIDLEY
 Canada has been recommended as a top ten property investment destination. Read more... |
A Walk on BC’s Wild Side
By SUE KERNAGHAN
 Getting 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
 With 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
If 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
 The essential winter sport information you need for the main BC ski resorts. Read more... |
The Okanagan: Life Is Good
By GERRY QUIRKE
 From 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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Gerry Quirke
