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Real Estate Sales in the North and Interior Lead in BC

by Maggie Chandler March 15, 2012 Latest News

The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 9.6 per cent to $3.4 billion in February compared to the same month last year. A total of 5,923 MLS® residential unit sales were recorded over the same period, a decline of …

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Canadian Housing Starts to Slow Slightly over next 24 Months – Real Estate News in Vancouver

by Maggie Chandler March 15, 2012 Latest News

New home construction in Canada is expected to slow mildly over the next two years, the Conference Board of Canada said on Tuesday, in another sign of a cooling housing market.

The independent research organization’s latest report forecast housing starts will be 190,000 units in both 2012 and 2013. …

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Vancouver’s Seaplane Terminal Controversy – Real Estate News in Vancouver

by Maggie Chandler March 14, 2012 Latest News

This is a tale of two terminals.

On one side, gleaming with all the expected bells and whistles, the new $21-million seaplane terminal at the Vancouver Convention Centre sits empty.

Just to the west, a hodgepodge of Atco trailers and wooden docks marks the “temporary” seaplane terminal, which is busy and …

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Will Vancouver’s Ridge Theatre Be Demolished? Vancouver Homes for Sale

by Maggie Chandler March 13, 2012 Latest News

The operator of the Ridge Theatre says it’s premature to talk of its demise.

Leonard Schein, president of Festival Cinemas, told the Straight by phone that his company has a lease until September 30, 2013 in the strip mall on the northwest corner of Arbutus Street and West 16th Avenue …

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RBC Offers 2.99% to Vancouver Home Buyers – Real Estate News in Vancouver

by Maggie Chandler March 12, 2012 Latest News

As Bank of Canada governor Mark Carney once again warned about the high levels of Canadian household debt on Thursday, Royal Bank of Canada became the second bank this week to offer a special-low mortgage rate of 2.99 per cent to entice prospective home-buyers.

The RBC rate, effective Friday, is …

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British Columbia Luxury Home Sales Break New Record in 2011

by Maggie Chandler March 9, 2012 Latest News

2011 was yet another record-breaking year for BC’s luxury housing market. According to MLS stats, over 700 $3 million+ homes were sold in 2011, smashing the record set last year of 375, and more than tripling the number achieved in 2009. Macdonald Realty manager, Matthew Lee, whose firm sold …

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Telus to Create Jobs in BC – Vancouver Homes for Sale

by Maggie Chandler March 5, 2012 Latest News

Telus expects to create 1,300 jobs in British Columbia in support of a $3-billion investment in infrastructure, real estate and growing consumer demand, president and CEO Darren Entwistle said on Friday.

The money will be spent over three years and includes the $750 mil-lion Telus Gardens development that includes a …

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Is Mount Pleasant Now More Expensive than Vancouver’s West End? Homes for Sale

by Maggie Chandler March 2, 2012 Latest News

A Mount Pleasant community activist has given a fiery presentation to council opposing Rize Alliance’s application to rezone its property on the southwest corner of East Broadway and Kingsway.

Tonight, Sandeep Johal of the Residents Association of Mount Pleasant questioned assertions by city staff at last night’s meeting that the …

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What Percentage of Vancouver Real Estate Sales are Foreigners?

by Maggie Chandler March 2, 2012 Latest News

Foreigners are quite often blamed for Vancouver’s expensive housing market. Stories abound that they’re snapping up properties everywhere, pushing prices beyond the reach of many locals.

Rosario Setticasi hears this kind of talk from time to time. The real-estate broker/manager finds it an interesting discussion because it provides an easy …

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Toronto and Vancouver Remain Chinese Investors Top Picks

by Maggie Chandler February 29, 2012 Latest News

If you thought Chinese investors were starting to lose interest in Canadian real estate, think again.

According to a new report, both Vancouver and Toronto are forecast to be this year`s most popular destinations for Chinese overseas property investment.

“Buying sentiment for overseas properties among Chinese mainland investors …

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