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Don sent in a link to this article over at Business in Vancouver. According to an Ipsos-Reid study first time buyers are a dwindling factor in the BC real estate market, falling from about 38% last year to about 29% of current buyers.Rapid recovery...
aggregated: 5 days 6 hours ago | 11 views
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The CREA says a cool-down in the national housing market is happening in advance of new mortgage rules set to come into effect April 19th. Here in BC there was a heavy drop in activity, partly offset by a Toronto market that s still hopping. It w...
aggregated: 6 days 6 hours ago | 8 views
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Those heretics over at Canadian Business magazine have a cover article this month called Why Buying a House is a Bad Investment.The euphoria around home ownership crowds out some of the unpleasant truths about real estate: mainly, that long-term retu...
aggregated: 1 week 4 days ago | 39 views
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When Flaherty announced new rules for CMHC insured mortgages in Canada a few weeks ago, there were a lot of questions that remained unanswered. One of the big ones was about the new rule requiring approval based on the 5 year interest rate. The que...
aggregated: 2 weeks 5 hours ago | 15 views
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The REBGV benchmark house price reached $800,796 in February. The rise in listings puts us into a balanced market condition according to the Real Estate board. Will we be able to maintain this balance ? I suppose it depends on how much our m...
aggregated: 2 weeks 5 days ago | 17 views
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Domus pointed out this article in the Globe and Mail. Former Bank of Canada governor David Dodge is adding his voice to the opinion that the federal government should act now to cool the Canadian housing market. These prices look pretty high by a...
aggregated: 4 weeks 6 days ago | 14 views
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I think Domus was the first to point out this article in the Wall Street Journal - it looks like the Canadian Housing Bubble is getting some attention in the US media.But some economists who are concerned point out that home prices are rising far fas...
aggregated: 5 weeks 6 days ago | 17 views
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Nero pointed out this article in the Globe and Mail about the Big Six Canadian banks urging the government to tighten up mortgage rules to control runaway speculation in the Canadian real estate market. Just to be clear, these are the same banks th...
aggregated: 5 weeks 6 days ago | 19 views
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This should come as a surprise to no one, but this province leads the nation when it comes to concern over personal debt according to an RBC report.RBC chief economist and senior vice-president Craig Wright said much of the debt concern centres aroun...
aggregated: 6 weeks 4 days ago | 21 views
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Now that the W has revitalized the Downtown Eastside, eliminating the scourge of homeless, drug addicts, panhandlers and prostitutes there s just one more bold step to complete this neighborhoods transformation: 270 sq foot micro condos.For those kee...
aggregated: 7 weeks 4 days ago | 25 views
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