Greater Vancouver at lower end of balanced housing market With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months. 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 ... Full Article...

The prime rate, the basis for variable mortgage rates, is expected to remain at 3%. The key lending rate has remained at 1% for a little more than a year. The Bank of Canada cited a weakened outlook for the Canadian economy since July, expected slowed growth through 2012, and softer core inflation than expected in making its decision to hold rates. “Reflecting all these factors, the bank has decided to maintain the target for the overnight rate at 1%,” said press release from the Ba ... Full Article...

A combination of fewer sales and more listings is putting the lid on home price increases in the Fraser Valley, according to the latest real estate numbers released Tuesday. “This is the third month in a row based on the 10-year average where we've seen lower sales combined with a higher influx of new listings,” Sukh Sidhu, president of the Fraser Valley Real Estate Board, said in a statement. “This trend is stabilizing home prices in the Fraser Valley, resulting in the price ... Full Article...

Home listings continue to rise in the Greater Vancouver housing market 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 increas ... Full Article...

Click HERE to view article web page Whether they are eager to sell their property so they can move to another location or simply want to downsize into a low-maintenance lifestyle, home sellers are often frustrated when their home won't sell or won't yield the cash they want from the sale. A good real estate agent will usually know the reason that a home sits on the market for too long or receives offers that don't meet the sellers' needs. The following mistakes sellers make might be among the ... Full Article...

Vancouver, BC – July 15, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 23 per cent to 7,722 units in June compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 5 per cent in June from May 2010. The average MLS® residential price climbed 8 per cent to $499,908 in June compared to the same month last year. “Market co ... Full Article...

Barry Connerty with your Real Estate Flash  Click HERE to see the Video An issue came up with a new listing I have. The Strata Bylaws specificlly state that Real Estate signs are prohibited on Common property of the strata. This is in violation of the Strata Property Act which states: Unenforceable bylaws 121 (1) A bylaw is not enforceable to the extent that it (a) contravenes this Act, the regulations, the Human Rights Code or any other enactment or law, (b) destroys or modifies an easemen ... Full Article...