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Positive Signs for Fraser Valley Housing Market

November 18th, 2012

News Release: November 2, 2012

POSITIVE SIGNS FOR FRASER VALLEY HOUSING MARKET

(Surrey, BC) – The Fraser Valley Real Estate Board (FVREB) processed 1,053 sales on its Multiple Listing Service® (MLS®) in October, a decrease of 8 per cent compared to the 1,139 sales during October last year however, a 23 per cent increase compared to September.

Scott Olson is the president of the board. “Thi ...

ECONOMY

June 22nd, 2012

Ottawa tightens mortgage rules: What the analysts say

  Jun 21, 2012 – 9:16 AM ET Last Updated: Jun 21, 2012 1:21 PM ET

Norm Betts/Bloomberg

Norm Betts/Bloomberg

In order to maintain profitability players must either find another business to take up the slack caused by the tougher mortgage rules—which seems unlikely—or they can try to counter-act the steps by cutting rates.


    The federal ...

Expensive housing? Not by a 20-year comparison

June 19th, 2012

Interest rates falling on a house.

If you had to earn a living predicting home prices and could use just one indicator to do it, which would you choose?

I asked two top economists that question. Their answer was the same: housing affordability.

“Affordability is a key variable. It gives you a lot of information,” says CIBC deputy chief economist Benjamin Tal. “When affordability is good, demand usually exceeds supply.”

Affo ...

FP STREET Follow the Money

May 9th, 2012

RBC’s Gordon Nixon weighs in on housing bubble furor

Istockphoto.com/Illustration by Steve Murray, National Post

Istockphoto.com/Illustration by Steve Murray, National Post

Canada’s housing agency said Tuesday there is no compelling evidence of a price bubble based on factors such as household income and interest rates.


The head of Canada’s biggest bank and one of the country’s leading developers said the housing market is not i ...

House prices: 9 reasons not to panic

May 7th, 2012

CB_housing bears

House prices may indeed stagnate or head south for a while, especially in the heated condo markets of Vancouver and Toronto. Those kinds of fluctuations are part of the natural course of markets. But to say house prices are going to crash like they did in the U.S. is a stretch. Here are nine reasons why.

1. Behavioural finance tells us that when extrapolating into the future, people tend to ...

Finding the right home, with or without Mr. Right

April 26th, 2012




I have a single friend sitting on the fence between buying and renting. She’s financially ready to make the leap into homeownership, but hesitant about doing it solo in case she meets someone soon.

Waiting for Mr. Right can derail a number of women’s homeownership plans, according to Sandra Rinomato, a realtor and owner of a full-service brokerage in Toronto.

“I can’t tell you how many ti ...

15-storey building coming to Langley City

April 23rd, 2012

15-storey building coming to Langley City
 charleston.jpg

Charleston Place is proposed for the property at 203 Street and Industrial Avenue presently occupied by China Beach night club. The $55 million commercial and residential development is expected to be complete by 2015.

 

By Brenda Anderson - Langley Times
Published: April 19, 2012 5:00 PM 
Updated: April 20, 2012 4:09 PM

It promises to be ...

Refinancing

April 23rd, 2012

Bank of Canada takes aim at home equity lines of credit

  Apr 18, 2012 – 7:18 PM ET Last Updated: Apr 19, 2012 9:11 AM ET

MARK RALSTON/AFP/Getty Images

MARK RALSTON/AFP/Getty Images

While the Bank of Canada has voiced its concern on household debt levels in the past, it went one step further Wednesday by voicing concerns about the rapid growth of so-called HELOC’s (home equity lines of credit).

...

Houses are never just investments

March 26th, 2012
Houses are never just investments



| Jennifer Roberts for The Globe and Mail

For almost 28 years, I have been madly, monogamously in love with the same … house. I love the way the light streams through its copious windows, I love its gleaming hardwood floors, its oak French doors opening to our small pretty garden, its tiny main floor powder room with the curved wall painted a bright poppy shade. It was this powder room and i ...

Housing market strong so far this year: RE/MAX

March 22nd, 2012
 
 

Housing market strong so far this year: RE/MAX

 

 
 

 
The Canadian Real Estate Association said Tuesday that the resale housing market saw a 18.5 per cent gain in August when compared to year-ago levels.
 

The Canadian Real Estate Association said Tuesday that the resale housing market saw a 18.5 per cent gain in August when compared to year-ago levels.

Photograph by: Mark Blinch , Reuters

OTTAWA — The Canadian housing market is ...

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