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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Vancouver Mortgage Update

by Maggie Chandler March 2, 2012 Mortgage Rates

Is your mortgage really portable?

Most lenders will tell you that your mortgage is portable, but this isn’t always true. Lenders require two forms of security – the borrower’s personal covenant to repay and the property being mortgaged.

For example, if you have your existing home 95% financed and want to buy a less expensive home, your …

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Are Vancouver Real Estate Prices Higher than a Year Ago?

by Maggie Chandler March 1, 2012 Home Prices and Trends

As we move in a new month let’s take a look at the Vancouver real estate prices vs a year ago. Are they higher or lower and by how much? How are sales compared to a year ago? Are listings up or down? Still a good buyers market.

Solds

Feb’11 – 3101
Feb’12 – 2547 (down 17%)

Listings

Feb’11 – …

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How is the Vancouver Real Estate Market in the West End

by Maggie Chandler February 29, 2012 West End

How’s the market in Vancouver’s waterfront neighbourhood of the West End? Are prices up or down? What’s the average days on market? What’s the average sale price? Are listings rising or falling? Are the prices higher than a year ago?

January saw listings spike and sales flat

Majority of the condos that sold were still under $500,000, favouring …

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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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BC Commercial Real Estate Section Looking Positive for 2012

by Maggie Chandler February 28, 2012 Latest News

The BCREA Commercial Leading Indicator (CLI) rose for the second consecutive quarter, advancing 1.1 points to an index level of 111. On a fourth-quarter over fourth-quarter basis, the CLI moved 1.6 per cent higher in 2011. While this is a marked slowing from the 5.2 per cent surge in 2010, the …

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Are Vancouver Real Estate Sales Higher Than 2009?

by Maggie Chandler February 27, 2012 Local Market Data

What’s the volume of real estate sales for Vancouver west side over the last three years? See if the number of solds have increased or decreased on an annual basis since February 2009. View the sales for homes, townhomes and condos and see if they had an increase or decrease

Sales for Vancouver West

View my …

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How Is Vancouver’s Downtown Eastside Gentrification Tied to the Mayor and Developers?

by Maggie Chandler February 27, 2012 Latest News

In the poorest urban neighbourhood in Canada, Vancouver’s Downtown Eastside (DTES), gentrification has been on the move for decades. Plotting these new developments on a map of the DTES and walking along the now unfamiliar streets reveals gentrification for what it is: a form of structural violence.

Gentrification is the …

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