Is Your Mortgage Renewal Nearing?

(March 27, 2014)

This article was in the Financial Post today, March 27, 2014.

Banks are battling in a new round of mortgage rate wars, but it’s the same old terrain
The banks may finally be ready to battle over mortgage rates but the war for customers has been raging for months now.
Falling bond yields, which long-term fixed rate loans are priced off of, had already allowed discounters to cut rates well below the 3... read more.

Forget about a crash, Conference Board gives Canadian housing market clean bill of health

(March 25, 2014)

OTTAWA - The Conference Board isn't buying the notion that Canada's housing market will suddenly crumble, saying the most likely outlook is for a modest decline nationally and in some specific markets.The Ottawa-based think-tank argues in a comprehensive new look at real estate in Canada that the conditions for a crash simply don't exist, despite numerous reports that the market is overbuilt and o... read more.

Average home prices in February rose an annual 10.1 per cent across Canada, with large increases in Ontario, B.C. and Alberta.

(March 24, 2014)

Fears that a housing bubble is brewing in Canada are overblown, according to a new report by the Conference Board of Canada. While house prices may be headed for a modest decline in some markets, there is no bubble to pop, the report says.As the price of homes continues to rise, low interest rates and low mortgage rates are keeping affordability at reasonable levels, according to the report.Averag... read more.

Analysts Bullish About Vancouver's Real Estate Market

(March 18, 2014)

The article below was in today's Province newspaper. I thought it was very interesting!

VANCOUVER — A trillion-dollar transfer of wealth as baby boomers come into their inheritances will help Vancouver's real-estate market, a new study finds.Sotheby's International Realty Canada's Housing and Economic Outlook predicts prices will improve in Canada in part because postwar babies are now coming into... read more.

REBGV February 2014 Update

(March 12, 2014)

The Real Estate Board of Greater Vancouver just released its February 2014 Market Update. Click here to view the video

Real Estate prices start year with gain

(March 06, 2014)

The Real Estate Board of Greater Vancouver said its benchmark price for a typical detached house climbed 3.5 per cent from a year ago to $932,900.Attached units were $458,300 – a 0.6 per cent one-year gain. Apartments were up 3.6 per cent over one year to $373,300.The biggest one-year gains reported were for detached houses in Vancouver and South Burnaby, which are up more than seven per cent, whi... read more.