Blog by The Schacter Team

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Housing prices soar

February 3rd, 2010

House prices in Greater Vancouver reached new highs last month even as the number of new listings soared.

The benchmark price for all classes of homes in the area climbed to $573,241 in January, 0.8 per cent higher than the market's previous high point of $568,411 in May 2008, the Real Estate Board of Greater Va ...

Metro house prices hit new record

February 3rd, 2010

$788,499 beats previous high by 2 per cent

Metro Vancouver house prices reached a new peak in January, while the overall pace of sales across the Lower Mainland eased off the torrid pace seen in December, according to reports from the region's real estate boards.

In Metro Vancouver, the ...

Price gains to crimp B.C. real estate growth in 2010, 2011

February 3rd, 2010

The mortgage-rate fuelled bounce back of British Columbia real estate in 2009 has probably used up most of the market's growth for 2010 and 2011, according to a new estimate from the B.C. Real Estate Association.

Association chief economist Cameron Muir is forecasting province-wide sales in 201 ...

Vancouver city council rejects proposal for four downtown towers

January 29th, 2010

'We are not opposed to height. We are opposed to intrusions to these corridors'

A staff proposal to allow four towers downtown was vetoed by Vancouver City Council.

A staff proposal to allow four towers downtown was vetoed by Vancouver City Council.

Photograph by: Ric Ern ...

Homebuilding poised for revival

January 29th, 2010

Developers are moving ahead from a dismal 2009, with CMHC forecasting 13,000 starts this year

Sales of existing homes reached a record high for the month of December, according the Canadian Real Estate Association, with annual sales coming in above 2008 levels.

Sales of existing homes reached a record high for the month of December, according the Canadian Real ...

Housing 'severely unaffordable'

January 29th, 2010

Survey puts local market more out of reach than New York, London, L.A.

December Home Sales Second Highest on Record

January 12th, 2010

December Home Sales Second Highest on Record
2009 - In Like a Lamb, Out Like a Lion

Vancouver, BC - January 12, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 132 per cent to 5,703 units in December compared to the same month last year. More homes were sold last month than in any Decem ...

B.C. house prices forecast to hit new highs over next 2 years

November 7th, 2009

B.C.'s born-again real-estate market will see house prices hit record levels in 2010 and 2011, a new report predicts.

Low mortgage rates and economic recovery are driving the sector's resurgent activity, Central 1 C ...

Home prices could hit new highs in 2010

November 7th, 2009

Low mortgage rates are driving the market to pre-recession levels, credit union economist says

BC Housing Market Gains Momentum

October 15th, 2009

For immediate release

BC Housing Market Gains Momentum

Vancouver, BC - October 15, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 68 per cent to 8,576 units in September compared to the same month last year. The average MLS® residential sales price in the province climbed 15 per cent to $ ...

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