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Resale housing forecast revised

July 30th, 2010

OTTAWA - July 30, 2010 - The Canadian Real Estate Association (CREA) revised its forecast downward for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations, and elevated its average price forecast.

Weaker than anticipated sales activity during the crucial spring home buying season in Canada's four most active provincial market ...

BC Home Sales to Rise in 2011

July 30th, 2010

BC Home Sales to Rise in 2011
BCREA Housing Forecast Update - Third Quarter 2010

Vancouver, BC - July 30, 2010. The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the third quarter of 2010 today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 7 per cent from 85,028 units in 2009 to 79,500 units this year, before inc ...

Almost home

July 28th, 2010

Before rushing to pay down a mortgage, consider other debt obligations


At today's low interest rates -- even with this week's rate hike -- monthly mortgage payments may feel more manageable than a generation ago when interest rates were heading toward 20%. Despite these low rates, it can still be rather sobering to work out exactly how much interest ...

With low interest rates, is it time to reconsider your mortgage?

July 27th, 2010

Are variables a good idea?

By Fiona Anderson, Vancouver Sun

VANCOUVER - With mortgage rates low and more likely to go up than down, some borrowers may want to think long and hard about whether they want a long and hard - fixed, that is - mortgage rate.

The first question is whether to go fixed or variable when borrowing to buy a home. Statistics show that 88 per cent ...

City vs. suburbs: Home prices are just one of many costs to consider

July 27th, 2010
By Lena Sin, The Province; with files from Postmedia News
July 25, 2010

Box in the sky -- or house in the 'burbs? For many young couples in Vancouver today, that's the million-dollar question (or, more accurately, the $600,000 question) that arises as soon as talk of starting a family begins.

Standing at the crossroads with a modest budget and the prospect of buying ...

Developers push wave of pre-sales into slow market

July 23rd, 2010
Friday, July 23rd, 2010
Derrick Penner
The Vancouver Sun

Metro Vancouver developers may have got ahead of themselves with the number of housing projects they are pushing into the pre-sale marketing phase, says a local market research firm.

MPC Intelligence Inc. counted 6,659 units put into the marketing phase between March 1 and July 1, which approaches numbers thrown onto the market during ...

Making Your Home Appealing On A Budget

July 23rd, 2010
Making Your Home Appealing On A Budget
by Phoebe Chongchua

With the uncertainty of the economy, many people are looking for ways to cut back. When it comes to selling their home, homeowners often don't want to put much money into getting it ready for the sale. While that's certainly understandable, properly preparing a home be ...

10 worst first-time homebuyer mistakes

July 22nd, 2010
Amy Fontinelle
Investopedia.com
Published on Thursday, Jul. 22, 2010 6:00AM EDT
Last updated on Thursday, Jul. 22, 2010 1:50PM EDT
Are you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little bit scary. In the end, your aim is to end up with a home you love at a price you can afford. Sounds simple enough, right? Unfortunat ...

Home sales on downward slide

July 22nd, 2010
Home sales on downward slide
POSTMEDIA NEWSJULY 16, 2010
Home sales in B.C. tumbled 23 per cent last month, the B.C. Real Estate Association says.
Residential sales through the Multiple Listing Service in the province plunged to 7,722 in June from the same month last year, the association said Thursday.
Seasonally adjusted sales fel ...

FVREB Monthly Statistics Package

July 21st, 2010

Fraser Valley real estate market picks up in June

(Surrey, BC) - Sales processed on the Fraser Valley Real Estate Board's Multiple Listing Service (MLS®) increased by 23 per cent in one month going from 1,477 sales in May to 1,815 in June. June's numbers represent an 8 per cent decrease compared to the 1,982 sales during the same month last year.

Deanna Horn, president of the Board, says, " ...

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