While the housing market seems to be off to a slow start, I have noticed a bit of a pick up in the last week. At CIBC we have some of the lowest rates around so I am hoping that I may be able to assist your clients with low rates, superb customer service and the comfort of having a reputable customer service oriented bank backing their mortgage.
For the first time ever, it appears the mayors of Metro Vancouver’s two largest cities are on the same page when it comes to transit.
Vancouver mayor Gregor Robertson and Surrey mayor Dianne Watts were both speaking at the Vancouver Board of Trade’s Economic Outlook Forum last Thursday. Both recognized the pressing need for more investment in transportation infrastructure to ensure long-term economic vitality in the region.
The province has been dragging its feet on the referendum by offering little details aside from announcing it would be held at the same time as civic elections on November 15.
The referendum question—or questions—have not been revealed.
Todd Stone, Minister of Transportation, has said...
Unlilke most international housing affordability rankings and “city” rating sources that tend to focus on higher end housing that would be demanded by executives who might transfer from one nation to another. The Demographia International Housing Affordability Survey focuses on the middle of the market, the average household.
Property owners should have received their 2014 assessment notices the first week of January from BC Assessment (BCA). This notice is BC Assessment’s estimate of a property’s value as of July 1, 2013. The local and provincial taxing authorities use these estimates to raise more than $6.2 billion in property taxes each year.
Both BCA assessors and REALTORS® calculate market value by analyzing sales of comparable homes within a local market, and look at factors that affect value such as size of home, view, location (such as on a busy or quiet street), number of bedrooms, construction quality, floor level, and garage or parking stalls. Differences in value occur in neighbourhoods where lots have been rezoned or are different...
ATTENTION COMMUTERS - TAKE THE WEST COAST EXPRESS? Don't miss this bright, well maintained 2 bedroom & den home with it's spacious open floor plan, generous room sizes & updated carpet thru-out. Nice big master bedroom with his & hers double closets & a 4 pc ensuite including a deep soaker tub. Good sized 2nd bedroom with double closets & a nice open den area large enough to accommodate 2 desks. Nice bright kitchen with lots of cupboards & counter space & good sized eating area. the living room and dining room feature a corner gas fire place & a slider to the 9 x 20 covered deck with gorgeous Fraser River view, ideal for year round use. New roof last year & exterior painted in 2010. Tons of storage with...
ATTENTION COMMUTERS - TAKE THE WC EXPRESS? Don't miss this bright, well maintained 2 bdrm & den home w/it's spacious open floor plan, generous rm sizes & updated carpet thru-out. Nice big master bdrm w/his & hers dble closets & a 4 pceensuite w/nice deep soaker tub. Good sized 2nd bedrm w/dble closets & a nice open den area large enough to accommodate 2 desks. Nice bright kitchen w/lots of cupboards & counter space & good sized E/A. the lvrm/dinrm features a corner gas F/P & a slider to the 9 x 20 covered deck with gorgeous river view, ideal for year round use. New roof last year & exterior painted in 2010. Tons of storage w/the insuite storage + a separate storage...
Preliminary December sales data from several cities indicate Canada’s housing market is entering the new year in solid shape, with prices again showing more strength than economists expected.
After the protracted sales slump that hit the market in the summer of 2012, economists were surprised by the degree to which it rebounded during the latter half of last year. The spring market got a jolt from falling mortgage rates and, ironically, sales got an even bigger boost in the late summer and early fall from rising mortgage rates – which spooked some buyers into...
Wild price swings are a thing of the past, economists say
By Derrick Penner, Vancouver SunJanuary 4, 2014
The years of wild swings in Lower Mainland's real estate markets should be behind the region in 2014 as 2013's rebound in sales settles down into relatively stable conditions, according to local economists.
In Metro Vancouver, the communities covered by the Real Estate Board of Greater Vancouver saw 28,524 sales through the realtorcontrolled Multiple Listing Service in 2013, which was a 14-per-cent gain on 25,032 sales in 2012.
"Home sales quietly improved last year compared to 2012," said Sandra Wyant, president of the Real Estate Board of Greater Vancouver, "although the volume of activity didn't compare to some of the rec...
Finance Minister Jim Flaherty says Canada will face global pressure to raise interest rates in 2014, as the United States begins to step back from its policy of extraordinary economic stimulus through intervention in bond markets.
The decision by the U.S. Federal Reserve to move away from its quantitative easing policy – in which the central bank creates billions of dollars to buy financial assets each month – comes amid signs the American economy is beginning to heat up, which would boost demand for Canadian imports.