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Blog & News: Vancouver Real Estate Market

   I wrote the following post for BMO SmartSteps - click here to view:

 

Consistently ranked as one of the very best cities to live in the World, living in Vancouver will unfortunately come at a price - it’s the trade-off for an incredible lifestyle. Price however, as we all know, is relative. From a Canadian perspective, Vancouver real estate prices may seem high, but not when compared to the global real estate market.

To give you a taste of what you can buy in downtown Vancouver...

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   Below is an extract from the latest news release by Canada Mortgage and Housing Corporation (CMHC) about their fall Rental Market Survey.


The average rental apartment vacancy rate in Canada's 35 major centres decreased slightly to 2.2 per cent in October 2011, from 2.6 per cent in October 2010, according to the fall Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC).

 

“Modestly higher levels of employment among persons...

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    As anticipated, the Bank of Canada maintained its target rate at 1 per cent this morning. On inflation, the Bank noted that it " expects the inflation rate to decline as a result of reduced pressures from food and energy prices and ongoing excess supply in the economy." The Bank expects a weaker external outlook and the ongoing sovereign debt crisis in Europe to dampen Canadian economic growth in the near future.

Although markets have been pricing in a rate cut...

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The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.


Looking...

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