December 2014

Multiple bids, price jumps in Metro Vancouver's hot housing market

Posted on Dec 12, 2014

Situation isn’t expected to improve much for buyers in 2015, realtor saysA low inventory of single-family detached homes for sale in Metro Vancouver has buyers engaging in multiple bidding wars or camping out to get a shot at the few homes when they come on the market.

The demand is so high that many buyers are paying more than the original asking p...

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Canadians’ debt at ‘unsustainable’ level to keep pace with home prices: Fitch

Posted on Dec 10, 2014

It’s not the first time Fitch Ratings has issued such warning about household debt and real estate values.In its latest report, Fitch details how the “Canadian consumer has essentially had to lever up to keep pace with the growth in home prices,” and how values have surged in Toronto and Vancouver, in particular.While the country’s banks are insula...

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November Home Sales Stats Up From 2013

Posted on Dec 03, 2014

Slow and steady growth in the housing market continues to be the prevailing theme throughout the Vancouver Island Real Estate Board (VIREB) coverage area. Although unit sales dropped considerably from last month, they were up five per cent compared to November 2013, demonstrating that the market continues to improve overall. The month-over-month di...

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Metro Vancouver home sales remain strong

Posted on Dec 02, 2014

Home buyers in Metro Vancouver remained active in November, a month that is traditionally a quieter time of year for real estate.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 2,516 on the Multiple Listing Service® (MLS®) in November 2014. This represents an 8.4 per cent increas...

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