May 2009

Wordless Wednesdays

by Maggie Chandler May 20, 2009 Wordless Wednesdays

CMHC’s Housing Market Outlook for Vancouver Real Estate

by Maggie Chandler May 19, 2009

CMHC just released their latest Housing Market Outlook for Vancouver. It includes a market overview, the rental market, new construction overview and forecast summary tables. The report also includes Fraser Valley.

The report shows projected Vancouver real estate listings to be at the same level they were in 2006 which was lower than 2007 and 2008 …

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Extortion Public Advisory

by Maggie Chandler May 19, 2009

On Friday, May 18 a REALTOR® received a call from a man identifying himself as Mr. Lin (speaking Mandarin with Fujian accent) who demanded $20,000 to smuggle someone back to China. The caller threatened physical harm to the member’s family if the demands were not met.

This call is similar to other extortion …

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Vancouver Real Estate Analysis for False Creek North

by Maggie Chandler May 19, 2009 False Creek North

Listings Down! Sales Up! Vancouver real estate analysis for False Creek North in April (compared to March) saw listings down to 174 from 231 and down from 258 in January. Sales up to 42 from 28. Days on the market flat at 76. The average selling price up from $592,388 to $654,438. Average $ psf is up from $600 to $628. The average supply of condos in this …

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Vancouver Real Estate Stats for West End, April 2009

by Maggie Chandler May 16, 2009 West End

Vancouver real estate in the West End saw listings down to 228 in April, from 254 in March, having reached a record high for the year in November. Sales climbing from 26 in January to 73 in April, which is the highest for the year. The days on the market for condos that sold dropped to 51. The average selling price increased from $441,480 …

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Vancouver Real Estate Analysis for Coal Harbour, April 2009

by Maggie Chandler May 15, 2009 Coal Harbour

Vancouver’s luxury waterfront neighbourhood of Coal harbour saw real estate sales double in April over March, to 33, and was the best month since February 2008. Listings down from 191 to 172. Days on market up to 86 from 75. Coal Harbour inventory dropped from 19 months in February to 5 months. The average sale price is now over $800,000 for condos that sold. List …

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BC Housing Market Balancing Out

by Maggie Chandler May 14, 2009

Vancouver, BC – May 14, 2009. The British Columbia Real Estate Association (BCREA) reports that April was the third consecutive month of increasing home sales in the province, on a seasonally adjusted basis. Consumer demand was bolstered by lower home prices and record low mortgage interest rates. Housing affordability hit a three-year high at …

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Vancouver Real Estate Stats for Downtown, April 2009

by Maggie Chandler May 14, 2009 Downtown

Vancouver’s Downtown condo market saw listings drop slightly to 416 (compared to 426 in March) and are the lowest since January 2008. 51 condos expired and came off the market (vs. 78 in Jan). Sales down from 129 to 117. and are the highest since Mar’08. Average days on the market for condos that sold are down to 49. The average price for Downtown condos …

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Wordless Wednesdays

by Maggie Chandler May 13, 2009 Wordless Wednesdays

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Moratorium on Downtown Vancouver Condos

by Maggie Chandler May 12, 2009

City Hall, this week, placed a moratorium on Vancouver’s Downtown new construction. The area consist of a 17 block area from Stanley Park (2000 block) to Cambie Street Bridge.

City staff, who are at the tail end of a five-year re-think of the downtown, recommended that a much wider section of the downtown core be preserved for …

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