Blog by Mark Longpre

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Is Vancouver in a real estate bubble

November 25th, 2010
JIM SUTHERLAND
From Friday's Globe and Mail
Published Wednesday, Nov. 24, 2010


http://www.theglobeandmail.com/report-o ... clecontent

The house Manyee Lui is showing today is listed at $2.2 million. Although the lot is only 33 feet wide and the house is nothing more than a blandly handsome two-storey, Lui expects it to sell quickly, even though the market’s turned a little tepid. With 2,900 squa ...

Supreme court of Canada backs leaky condo owners

November 24th, 2010

VANCOUVER — The Supreme Court of Canada has made a precedent-setting decision that will affect thousands of leaky-condo owners in B.C., a lawyer involved in the appeal said Tuesday.

 

Canada’s top court unanimously ruled that an insurance company had a duty to defend legal actions for claims of water damage to suites in four Metro Vancouver housing co-ops: West Coast Community Homes, Bu ...

False Creek North Open House!

November 21st, 2010

We are proud to announce that this Nov 28th, 2:00 PM to 4:00 PM we will be hosting an Open House at 980 COOPERAGE Way in the False Creek North neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful False Creek North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this False Creek North Condo for s ...

False Creek North Open House!

November 16th, 2010

We are proud to announce that this Nov 21st, 2:00 PM to 4:00 PM we will be hosting an Open House at 980 COOPERAGE Way in the False Creek North neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful False Creek North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this False Creek North Condo for s ...

False Creek North Open House!

November 12th, 2010

We are proud to announce that this Nov 14th, 2:00 PM to 4:00 PM we will be hosting an Open House at 980 COOPERAGE Way in the False Creek North neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful False Creek North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this False Creek North Condo for s ...

Moderate rise in home sales forecast

November 10th, 2010

Vancouver, BC – November 10, 2010. The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today. 

BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011.

"Consumers are responding to a double-dip in mortgage intere ...

Coast Capital offers mortgage with 30% annual prepayment

November 9th, 2010

VANCOUVER - Coast Capital is upping the ante in the competition for mortgages in B.C. with a mortgage that allows homeowners to prepay up to 30 per cent annually and skip one monthly payment a year, no questions asked.

 

The credit union, B.C.'s second largest, is also offering a half-and-half rate priced at the mid-point between current variable and fixed rates.

 

Customers who find ...

New house prices higher than expected in September in some markets

November 9th, 2010

OTTAWA — Prices for new houses rose more than expected in September, led by gains in Montreal and Calgary, Statistics Canada reported Tuesday.

 

The federal agency's New Housing Price Index gained 0.2 per cent during the month, following 0.1 per cent increase in August.

 

Most economists had expected house prices to rise 0.1 per cent in September.

 

Prices in Montreal were up 1.6 pe ...

False Creek North Open House!

November 8th, 2010

We are proud to announce that this Nov 13th, 2:00 PM to 4:00 PM we will be hosting an Open House at 980 COOPERAGE Way in the False Creek North neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful False Creek North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this False Creek North Condo for s ...

Telus tower brings new life to Vancouver office market

November 8th, 2010

The downtown Vancouver peninsula – which appeared headed for resort-town status, crowded only with residential condos – is poised for a commercial office building renaissance, as Telus (T-T45.73----%) prepares to unveil a new headquarters.

The $500-million-plus Telus project expected to be announced this week joins a similarly large proposal two weeks ago from a group that includes Vancouve ...

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