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 ...
Ottawa tightens mortgage rules: What the analysts say
Jun 21, 2012 – 9:16 AM ET | Last Updated: Jun 21, 2012 1:21 PM ET
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.
RBC’s Gordon Nixon weighs in on housing bubble furor
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 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 ...
15-storey building coming to
By Brenda Anderson - Langley Times
Published: April 19, 2012 5:00 PM
Updated: April 20, 2012 4:09 PM
It promises to be ...
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
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).