Blog by Mark Longpre

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Housing market update

September 29th, 2010

Olympic Village Panic?

September 24th, 2010

Be patient on sale of Olympic Village: Urban Development Institute

September 24th, 2010

VANCOUVER -- The City of Vancouver and the owners of the Olympic Village should be patient and wait out the soft real estate market if they expect to recoup their costs, according to the Urban Development Institute.

Maureen Enser, the UDI's executive director, said Friday the Southeast False Creek project is one of the most desirable new neighbourhoods and people will buy there as the mark ...

City looks to boost Olympic condo sales

September 23rd, 2010

VANCOUVER -- Lower prices, bulk sales and other incentives are being considered to attract buyers to the financially troubled Olympic Village.

 

Vancouver City council held a confidential meeting earlier this week to consider options that could encourage sales of the Southeast False Creek development, which was the site of the athletes' village for the Vancouver 2010 Winter Games. The counc ...

Mortgage rate relief for BC Households

September 23rd, 2010

BCREA report: Mortgage relief for BC households

The global economy is feeling the lasting effects of the most serious financial crisis since the 1930s. As meticulously documented by economists Ken Rogoff and Carmen Reinhardt in their examination of eight centuries of data, recoveries from financial crises are characterized by sluggish growth in output and employment.

Although Canada’s relat ...

Sharp increase in housing starts

September 22nd, 2010

Vancouver is one of five metropolitan areas in Canada that recorded sharp year-over-year increases in housing starts in August, according to figures released Tuesday by the Conference Board of Canada.

“Vancouver was fifth [out of 27],” economist Jane McIntyre, who wrote the Conference Board report, said in an interview. “And we expect more improvement in the next year in Vancouver.

“Basic ...

Intergenerational Mortgages?

September 21st, 2010
There's usually a grain of truth in most jokes. But how seriously should we take the musings of Patricia Croft, the retiring chief economist with RBC Global Asset Management, who spoke about the inflated Vancouver housing market to an audience of about 1,000 real estate executives this past week? The gist of her comments was that prices and affordability had eroded so much in Vancouver that c ...

1902 198 AQUARIUS MEWS Other, Vancouver West, British Columbia

September 20th, 2010

I just finished uploading this Condo for sale, 1902 198 AQUARIUS MEWS Other, Vancouver West, British Columbia

Take in spectacular NW City, Mountain and peek-a-boo marina views. Splendid rounded living rooms allows for 180 degree views and ample space for furniture! This suite has it all: gas fireplace, hot water, heat, windows galore, hardwood floors, large closets with organizers, large sto ...

3107 1033 MARINASIDE Crescent, Vancouver West, British Columbia

September 20th, 2010

I just finished uploading this Condo for sale, 3107 1033 MARINASIDE Crescent, Vancouver West, British Columbia

Waterfront corner unit! SW Panoramic water, marina view from every room forever. Very well maintained unit and building. Great 24 hour concierge-walking distance to Yaletown shops, restaurants, Starbucks and Urban Fare. Amenities include an indoor pool, gym, theatre room, beautiful p ...

End of buyer's market in Vancouver?

September 17th, 2010
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