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Thursday, August 18, 2011 - Potential Dangers of Selling Your Own Home

Get the facts about selling your own home 1. Safety -Do you really know who's in your home? A professional Realtor tracks who goes through your home and when. A lockbox is installed so that only agents who register through John's office have access to the entry code. 2. Setting Price Too LOW - Market conditions can change daily. Without the proper comparable sales that a Realtor has access to it is very difficult to determine a true market value. 3. Setting Price Too HIGH - Almost all sellers ... Full Article...
posted in General at Thu, 18 Aug 2011 10:55:18 -0700

Tuesday, August 16, 2011 - Home sales to be higher than expected for 2011

The Canadian Real Estate Association has revised its forecast for national home resales in 2011, citing stronger than expected activity and prices in the second quarter. There have been very strong sales in the GTA, with a drop in the number of new listings. "As a result, there's been a little bit more competition btwn home buyers and that's putting continued upward pressure on pricing," Jason Mercer, with the Toronto Real Estate Board said. With the turbulence on the stock markets the Canadian ... Full Article...
posted in News at Tue, 16 Aug 2011 13:35:07 -0700

Tuesday, August 16, 2011 - Housing starts up 25 per cent

Metro Vancouver's housing starts were up 25 per cent for the first seven months of 2011 compared to the same period in 2010, according to Canada Mortgage and Housing Corp. Statistics released Tuesday show that the number of starts increased to 10,010, up from 8,005 to the end of July. Starts for the month of July totalled 1,538 in Metro Vancouver, a 37-per-cent increase from 1,124 in July 2010. Most of the starts were in Richmond, Burnaby, Surrey and the city of Vancouver. © Copyright (c) The ... Full Article...
posted in News at Tue, 16 Aug 2011 08:46:19 -0700

Tuesday, August 16, 2011 - Multi-family activity pushes housing starts higher in July

BY BRYAN YU, SPECIAL TO THE SUN A rise in multi-family construction pushed housing starts higher in the province in July. Total housing starts rose to a seasonally adjusted annualized rate of 30,000 units, up 29 per cent from June and 33 per cent above July 2010. Aggregate new home activity has been highly volatile since early 2010, fluctuating around an average of 26,400 units. In B.C.'s urban areas, multi-family starts rose 48 per cent from June to reach an annualized rate of 20,800 units, ... Full Article...
posted in News at Tue, 16 Aug 2011 08:43:17 -0700

Tuesday, August 16, 2011 - Looking for a home you can afford? Compromise

Conference board senior economist suggests the situation facing homebuyers is 'less dire than at first glance' By Brian Morton, Vancouver Sun A Conference Board of Canada senior economist has suggested there are affordable deals in Metro Vancouver's expensive housing market, but is that the case? There are, if you're willing to be flexible. June real estate numbers revealed a wide discrepancy in benchmark prices (the cost of a typical home) throughout the region, with significant savings ...
posted in News at Tue, 16 Aug 2011 08:36:10 -0700

Monday, August 15, 2011 - Condo sales as hot as the weather

By Tony Wong | Tue Jul 19 2011 New home sales in the Greater Toronto Area are mirroring the heat wave blanketing the city. Sales were up by a sizzling 53 per cent in June, representing 4,681 units, compared with the same month a year earlier of 3,050, according to figures released by RealNet Canada Inc. Tuesday. Much of the increase was due to condominium sales, which have powered the new home market. Nearly two thirds of all sales in June were condos, up from the historical norm of about 40 ... Full Article...
posted in General at Mon, 15 Aug 2011 15:47:49 -0700

Monday, August 15, 2011 - Vancouver real estate prices fanned by Chinese

by Laurent Vu The VANCOUVER, July 20, 2011 (AFP) - Its quality of life is routinely ranked among the best in the world, but that's only one reason Vancouver real estate prices are red hot. Wealthy Chinese anxious to raise their families in the West are bidding up the city's limited number of properties in fashionable West Vancouver, sending prices in the city soaring more than 50 percent in the past three years. Last year, Canada issued 1,600 visas to Chinese investors looking to move to ...
posted in News at Mon, 15 Aug 2011 15:45:35 -0700

Monday, August 15, 2011 - Bidding wars add to hot house prices

West Vancouver real estate market out of step with rest of Lower MainlandBY JAMES WELDON, NORTH SHORE NEWS When real estate agent Mike Oxley held an open house on Haywood Avenue last month, he knew that the flat Ambleside view property was going to be a popular item. He didn't know how popular, however. By the end of a weekend that saw an estimated 500 prospective buyers view the home, the owners had received 26 offers. The house, which as a structure had little value, ultimately sold for $1.57 ... Full Article...
posted in News at Mon, 15 Aug 2011 15:43:55 -0700

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