1,818 homes were sold in January — up 19.4 per cent from the same time last year. The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties. The board says 1,818 homes sold in January — up 19.4 per cent from the same time last year, but down 9.8 per cent from December 2017. However, townhous ...

The province’s mayors and councillors brought a sharp new focus Thursday to finding effective ways to cool intense foreign and domestic speculation in housing. The Union of B.C. Municipalities announced 32 recommendations designed to fix the home ownership and rental crises that have devastated many residents of Metro Vancouver. “B.C.’s housing policies are no longer working,” said Port Coq ...

B.C. Green Party Leader Andrew Weaver released a policy statement Wednesday urging the government to implement both a real estate flipping and speculators tax in next month's provincial budget. Weaver outlined his party's wish list for improving housing affordability in the province at a news conference in Vancouver. "Despite significant evidence of the role of speculation in driving up pri ...

Canada’s housing market was the fastest rising in the world, just a few months ago. Now we’re claiming the opposite title Canadian real estate prices were the fastest rising in the world, just a few months ago. Now we’re claiming the opposite title, as the market explores where prices should be. Newly released Federal Reserve Bank of Dallas (the Dallas Fed) numbers, show a decline in home pr ...

Warm and inviting full-size family home offers a tranquil oasis in one of the most dynamic areas of the North Shore! Pass through the lush gated courtyard, complete with koi pond, and along the Pennsylvania Blue Stone pathway up to this 3 level home at the end of a quiet cul-de-sac. This custom built home has been beautifully maintained & features open plan living with chef style kitchen, gas ...

The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver consequences than conventional analysis shows, Macquarie Capital Markets Canada Ltd. said. Assuming just one further rate rise, the impact would be 65 percent to 80 percent as severe as the 1987 to 1990 cycle, according to Macq ...

The fixed mortgage rates have increased with most lenders this week. The average 5 year fixed on a conventional mortgage is now at 3.49%. The average 5 year fixed on a high-ratio mortgage is 3.19%. The new prime lending rate at most institutions is now 3.45% (up from 3.20%). If you have a VRM (variable rate mortgage), HELOC (home equity line of credit) or personal loans based on the prime le ...

The Bank of Canada will make its first interest rate announcement of the year on Wednesday. Many observers predict will boost the country’s benchmark rate by 25 points to 1.25 per cent after the economy’s strong performance last year and a particularly strong jobs report from November. If the economy keeps pace, they believe that rate may be bumped up a few more times over 2018. The suspecte ...

2017 was our best year ever at Hadden Properties. Over 80% of our business was either repeat or referral clients. There is no greater compliment to receive as a Realtor and for this we wish to extend a sincere appreciation to everyone who continues to support and think of us. All the best in 2018,Andrew Reid & John Powers                                                                    ...

Opportunity Knocks in desirable Pemberton Heights. Solid 5 bed 2 bath bungalow makes an excellent Starter Home or Investment Property. 3 bdrms up with a 2 bdrm self contained suite down, each with their own laundry. Featuring updated stainless steel appliances, oak hardwood floors, gas fireplace & open plan living, kitchen, & dining. Short stroll to the Corner Stone Bistro, Sunflower Pre Scho ...