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RBC Economics Research
The latest developments and trends in Canada’s economy and financial markets, including data release calendars and trend charts.
Google News
The latest news for BC real estate.
Market Favours Buyers
BCREA News Release, July 15, 2010
BCREA Logo“Market conditions have shifted from balanced conditions at the start of the year to a buyers’ market this summer,”
Read more...       PDF
Sales to ease back
BCREA Housing Forecast, June 7, 2010
BCREA Logo“The availability of affordable housing not only dramatically impacts one’s quality of life, it also significantly impacts the ability of the province to attract the labour and talent we need to ensure future economic growth”
Read more...       
the HST,
Real Estate and You
How will the HST impact real estate?
B.C. consumers will soon be paying much more tax on items that were previously exempt from the provincial sales tax, including real estate.
Read more...
Property assessments out
Surrey North Delta Leader, Jan. 14
Property assessments for tax purposes show small declines in Surrey area with bigger drops in White Rock. Surrey had price drops averaging 3.44 per cent while White Rock dropped an average of 5.2 per cent. 
Read more...
A home is seen as a ticket to retirement. But is that wise?
Macleans, Dec. 17, 2009
It may be winter, but Vancouver’s love affair with real estate is in full bloom.  
Read more...
Market Strength Extends Through 2010
News Release, Nov. 13, 2009
The British Columbia Real Estate Association (BCREA) released its Fall 2009 Housing Forecast today.
“Recovery in the BC economy will unfold gradually next year. ”  
Read more...       PDF
 
Seminar educates buyers
Langley Advance, Oct. 2, 2009
Bill Noy First Time Home Buyer's Seminar. People wanting to enter the housing market help house others.
See article      
Obamas lend a hand,
you can too!
Vancouver Sun , Sept. 12, 2009
)bama First Time Home Buyer's Seminar.
Fundraiser for Habitat for Humanity
Read more...      

Looming HST heats up B.C. home sales
Globe and Mail, Oct. 21, 2009
B.C. housing sales are expected to climb by 10 per cent in 2009 and by 30 per cent in 2010... The average sales price is expected to rise by about 7 per cent a year in each of 2010 and 2011.
Read more...
Real estate prices recover
Business in Vancouver , Oct. 9, 2009
The average price of Metro Vancouver homes has nearly recovered to 2008 highs.
Read more...      
Balanced Conditions
August 26, 2009
After six consecutive months of rising home sales and declining inventories, the province moved into balanced conditions in July, the first time since April 2008.
Read more...    See PDF
Federal Budget Highlights
The RRSP withdrawal limits under the popular program would be raised by $5,000. That means individuals would be able to withdraw up to $25,000 each and married or common-law couples would be able to withdrawal up to $50,000 for the purchase of a home.
First-Time Home Buyer's Tax Credit
A new non-refundable tax credit based on an amount of $5,000 is proposed for first-time home buyers who acquire a qualifying home after January 27, 2009.

 

First Time Buyers

Prices have stabilized and mortgage rates are low. Put together, you have an ideal time to get into the housing market. Find out more ...

 

Gene Simmons says…
“don’t buy stupid stuff”

Gene Simmons

You’re a pretty rich guy – what’s your take on the American economy?
“ It’s in a whirl.This is a great opportunity for you to stop spending stupid money, stop smoking, stop drinking, stop ruining your health and paying for the privilege, take all that money, all the stupid money, and buy. But don’t buy stupid stuff. Buy real estate. Buy important things. It’s the best time the price is low.”

Gene Simmons, best known as the tongue-wagging bassist and vocalist in the hard rock band Kiss.
Globe and Mail Report on Business, April 2009, Page 18