North & West Vancouver Real Estate Sales Strong in June 2013

The real estate market for detached homes in North & West Vancouver was relatively sluggish during the earlier part of this year, but June saw substantially increased activity compared to June 2012.

Average Canadian Prices Declined by 2% in July, Dragged down by Vancouver

The national average home price in Canada declined by 2% in July compared to July 2011, due to price falls in Vancouver, as most markets saw slight increases. Figures from the Canadian Real Estate Association showed the average price for a Canadian home sold in July 2012 was $353,147.

Average Canadian Home Costs Slightly More Than a Year Ago

A report in the Globe and Mail shows the average Canadian home now costs slightly more than a year ago, at $375,810. According to figures from the Canadian Real Estate Association, prices are 0.9% higher than a year ago.

Residential Real Estate Sales in Vancouver Hit Lowest Level Since 2001

According to figures from the Real Estate Board of Metro Vancouver, the number of home sales in Vancouver has fallen to its lowest level since 2001. In April, sales in Metro Vancouver reached 2,799, which is 13.2% lower than April last year when sales reached 3,225.

Canadian Real Estate Prices Rise at Slower Rate

Latest statistics released by the MLS® Home Price Index, the chief sales index in Canada, showed prices rose in March, year on year, but gains have been slowing. The sales increase seen in March was the slowest since June 2011, rising by just 5.1% compared to March of the previous year.

Condos Seen As More Affordable Option in Vancouver, Canada

According to the annual TD Canada Trust Condo Poll, those wishing to live in Vancouver, one of Canada’s most expensive real estate markets, are choosing to buy condos. Nearly two thirds (62%) say their main reason for purchasing a condo is that it’s more affordable than a house.

Chinese Interest in Canadian Real Estate Is Still Strong

Apparently Chinese investors are just as interested in purchasing Canadian real estate, with Toronto and Vancouver still forecast to be top of their list. According to a new report from Colliers International real estate services, around 20% to 40% of investors in these cities are from the Chinese mainland. Vancouver remains a perennial favorite, especially

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CREA Says Canadian Real Estate Prices Could Increase by up to 9.3% This Year

The Canadian Real Estate Association thinks residential property prices could increase by as much as 9.3% this year due to a strong domestic economy and continued interest from international buyers.

Vancouver Realtor Jay Banks Says Moderate Slowdown Is a Good Sign

While Vancouver received the “Worlds Most Liveable City” award several years in a row, only losing its crown to Australia this year, it also has a less welcome reputation for being one of the most expensive cities in the world in which to buy real estate. In spite of this the city has remained popular

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Vancouver’s Real Estate Evolved – Getting the Message

A Realtor in Vancouver, in response to an article about that business community’s digital engagement queried my to look at his web footprint. Given that only about 10 percent of real estate brokers seem willing to accept any kind of criticism at all so far, I found John Grasty of Real Estate Evolved a refreshing respite from the ordinary. In answer to his question, here’s an up close look at Real Estate Evolved.

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