From the category archives:
On Tuesday, April 21st 2009 the Bank of Canada did the unexpected and announced a further 0.25% drop in the key overnight lending rate. The current interest rate is now 0.25%, an all-time record low which the Bank hopes will stimulate the economy by encouraging spending.
First time buyer looking to take advantage of the new [...]
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Much has been said and written about how the Vancouver real estate market has changed over the past few months. It would appear as though the real estate market in Vancouver has found some new life. Evidence of this can be found just about everywhere, and much of this you’ve read about in this blog.
People [...]
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As I talked about in my post yesterday, first time buyers are returning to the Vancouver real estate market in significant numbers. Well-priced, good quality homes are selling fast and even the odd multiple offer is occurring.
There is another article about the first-time buyer phenomenon in today’s Globe and Mail.
We often see first-time buyers driving [...]
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There’s an article in this week’s Maclean’s Magazine that questions the credibility of the statistics coming from the real estate industry. It’s a valid argument, and one that is worth having, but I do have some issues with the article.
If you haven’t already read the article, you can do so right here.
While Maclean’s criticizes the [...]
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There’s a Vancouver real estate developer that is suing pre-sale buyers that are trying to back out of contracts. Amacon has filed a lawsuit against seven buyers that have defaulted on their contracts to buy condos at Amacon’s Morgan Heights development in Surrey. The purchases were to supposed to have completed in December.
CBC article on [...]
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It’s no secret. The Vancouver real estate market has slowed considerably.
Anyone who has picked up a newspaper lately has seen nothing but bad news for owner’s of Vancouver condos or those of us that have Vancouver homes for sale. For the Vancouver real estate bear’s it’s been an affirmation, a victory and money in [...]
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It was reported the other day by CBC that a fake landlord has been taking cash from international students. He’s renting out apartments from unsuspecting landlords and then sub-letting them to international students desperate for accomodation.
Small one bedroom apartments are being rented to four or five people anywhere from $400 – $900 per person per [...]
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Everyone loves a great deal, right? Well, one of the secrets of Vancouver real estate is that you can often get a great deal by purchasing a Vancouver foreclosure property.
Over the past few years we haven’t seen a lot of foreclosures in the Vancouver real estate market. However, with a slowing economy and a real [...]
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So, this morning the Bank of Canada announced that it cutting the key overnight lending rate. This time it was “chopped” drastically by 0.75% (the largest single drop since 2002). The overnight lending rate is now at 1.5%, it’s lowest level since 1958…that’d be it’s lowest level in 50 years!
For the first time, the Bank [...]
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We are in a slow Vancouver real estate market. Yes, it’s a buyer’s market but what exactly does being in a buyer’s market mean for sellers? That’s a question that I wanted to dig into a little bit. Why won’t homes sell in a slow real estate market?
As readers of the Vancouver Real Estate blog, [...]
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