Vancouver housing prices risk mortgage default: report

April 13, 2015

By Jason Proctor, CBC News Posted: Mar 11, 2015

B.C. financial regulator warns credit unions about possibility of default on residential mortgages

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Canadian economy ‘vulnerable’ to overheated housing market, IMF warns

December 24, 2011

Canada’s average home price is about 10 per cent higher than models suggest it should be, posing a “vulnerability” to the country’s economic outlook, the International Monetary Fund warns in a new report.

A drop in prices would be a blow to already highly indebted consumers. With household debt at record levels of about 150 per cent of disposable income, the domestic spending boom that helped Canada weather the financial crisis already is at its limits. View homes for sale in Vancouver. Read more

Greater Vancouver housing report, November 2011

December 9, 2011

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.

Looking back further, last month’s residential sales total is 5.8 per cent below the ten-year average for sales in November. Read more

It’s a Buyer’s Market

November 14, 2011

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

“Right now, prospective home buyers have a good selection of properties to choose from Read more

Rising Home listings in the Greater Vancouver

October 19, 2011

 Below is the Greater Vancouver Real Estate Board’s sales report for Greater Vancouver in the month of September, 2011:

Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.

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Greater Vancouver Housing Report For August, 2011

September 26, 2011

Below is the housing sales report for August as reported by the Real Estate Board of Greater Vancouver on Sept 2, 2011.  Read the full report here.

Greater Vancouver home sales trend toward buyers’ market over summer

August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year. BannerFans.com

The Real Estate Board of Greater Vancouver (REBGV) Read more

Greater Vancouver Housing Report - July, 2011

August 15, 2011

Below is a report by the Real Estate Board or Greater Vancouver date Wednesday, August 3, 2011. Read the full report here.

Active home sellers bring greater selection to the Greater Vancouver housing market

While the balance between home buyer and seller activity remains in an equilibrium range in the Greater Vancouver housing market, last month’s home sale total was below the 10-year average for July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, Read more

June Real Estate Report

July 23, 2011

Below is the Greater Vancouver June housing report by the Real Estate Board of Greater Vancouver:

Summer housing market trends toward balance after an active spring season

VANCOUVER, B.C. – July 5, 2011 –Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 per cent increase compared to the 2,972 sales in June 2010 Read more

April housing market summary

May 15, 2011

Real Estate Board of Greater Vancouver’s April 2011 housing market showed a sales drop of  14 % to 7,187 units compared to April last year. However, year-over-year, the average MLS® residential price rose by 16 % to $598,308.

 B.C. home prices were skewed in areas like Vancouver and Richmond, where prices continued to skyrocket, impacting the average prices nationally. The sales of many multi-million dollar homes had resulted in the average prices being pushed pushing upward. This housing market has been sustained by a foreign investors and rich new immigrants from mainland China who continue to sink money into properties in the area.

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April Housing Market - Typical Spring Activity

May 4, 2011

Below is the Greater Vancouver April housing report by the Real Estate Board of Greater Vancouver:

VANCOUVER, B.C. – May 3, 2011

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