Blog by Mark Longpre

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No housing bust here

August 31st, 2010

Canada is unlikely to see a “massive wave of defaults” in the housing market as the market cools, the CD Howe Institute wrote in a report Wednesday.

The report comes day after the Canadian Centre for Policy Alternatives released a report saying six Canadian cities – Vancouver, Calgary, Edmonton, Ottawa, Toronto and Montreal – were due for a correction because prices have increased beyond wh ...

Slower housing market

August 31st, 2010

VANCOUVER — Canada Mortgage and Housing Corp. forecasts that Metro Vancouver housing markets will slow more than it initially expected owing to the rush of pre-HST sales and expectations that mortgage rates will rise, a report released today indicates.

 

Canada Mortgage and Housing predicts that Metro Vancouver will see 34,000 sales in the region's home-resale market by the end of 2010, a ...

Lack of data on how underground economy and other factors influence housing prices

August 24th, 2010

Criminals are people, too. As are immigrants, old folks and any other demographic group you can name.

And, yes, these folks all do their bit to drive up the cost of housing in Metro Vancouver.

Because the fact is, the more of us there are, no matter who or how we make our money, the more demand for homes. This, coupled with a housing supply that's limited and skewed by our dramatic bu ...

Two million reasons for high prices in Vancouver

August 20th, 2010

What drives Vancouver’s house prices so relentlessly to levels four times higher than Winnipeg’s, and more than half again what Torontonians pay?

It’s simple, says Tsur Somerville of UBC Centre for Urban Economics and Real Estate.

“If you want Winnipeg-level house prices here, all you have to do is tear down the mountains and fill in the ocean.”

Well, that puts slow or stop to the steady ...

Home sales tumble in BC's biggest markets

August 14th, 2010

Home sales tumble in B.C.'s biggest markets

 

 
 
 

A year ago, B.C.'s real estate markets were rising to a peak in sales. In July, they dramatically fell off it.

Sharp drops in sales in B.C.'s biggest markets led the province to a 42-percent decline in July sales through the Multiple Listing Service c ...

1045 54TH Ave, Vancouver West, British Columbia

August 12th, 2010

I just finished uploading this House for sale, 1045 54TH Ave, Vancouver West, British Columbia

92.3 X 190 lot rarely available in prime location in South Granville. This 22 year-old property offers 7083 sqft of finished living area with 7 bedrooms & 6 bathrooms. This home is well built with 2 X 6 construction and high density of reinforcement steel re-bar. Main floor features oak hardwood fl ...

504 1490 PENNYFARTHING Drive, Vancouver West, British Columbia

August 12th, 2010

I just finished uploading this Condo for sale, 504 1490 PENNYFARTHING Drive, Vancouver West, British Columbia

VIEW VIEW VIEW - more than 1400sqft of Waterfront Living! 2 bedroom, 2 bathroom suite, with large solarium. Second bedroom could be used as den with French doors opening into the expansive living room. This suite is in original condition, has spacious rooms that easily accommodate hou ...

Home buyers in the driver's seat

August 12th, 2010

Vancouver, BC – August 12, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 42 per cent to 5,784 units in July compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 19 per cent in July from June 2010. The average MLS® residenti ...

1951 CREELMAN Ave, Vancouver West, British Columbia

August 9th, 2010

I just finished uploading this Duplex for sale, 1951 CREELMAN Ave, Vancouver West, British Columbia

Kits Point! This totally renovated contemporary 1/2 duplex has it all. Some of the updates include Euro tilt and turn windows, new kitchen and bathrooms with quartz countertops, stainless appliances, 2 stage air filtration system, fir floors throughout and the list goes on. The building has jus ...

2208 1420 GEORGIA Street, Vancouver West, British Columbia

August 9th, 2010

I just finished uploading this Condo for sale, 2208 1420 GEORGIA Street, Vancouver West, British Columbia

2208 - 1420 W Georgia, Vancouver, V6G 3K4, Penthouse at the "George",Plan BCS152, two level, 2 bed + den (or storage) 928 s/f east facing city view PH with large deck. Features 9.5 ft ceilings, open kitchen, light oak laminate floors, stainless appliances & bedrooms / bathrooms upstairs. G ...

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