Metro Vancouver

Sales of Squamish detached homes increased 33.3% from last May while year-to-date sales were up 70.8%. The average benchmark price of $488,815 was up just 1.2% from May 2009 and down slightly from last month. May listings increased 49% from May 2009. Statistical source: Real Estate Board of Greater Vancouver 

August stats:Market momentum carries into AugustThe number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater ...

The "Q" Report VANCOUVER, B.C. – December 2, 2008 – November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market.In its most recent statistics release, the Real Estate Board of ...

Real Estate Perspective - www.AlphonseQ.comAfter the U.S. election in November, all bets are off with respect to interest rates. The start of a new presidential term is typically when tough medicine is doled out to fix the economy. An upward draft in U.S. rates would come as no surprise. Iʼd recommend locking in your mortgage rate now for a ...

www.AlphonseQ.com VANCOUVER, B.C. – September 3, 2008 – The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,568 in August 2008, a decline of 53.7 per cent from the 3,384 sales in August 2007, and a 47.7 per cent reduction from the 2,998 sales recorded in August ...

Whether you are buying or selling a home, it's crucial to include a thorough home inspection as part of the process. It might be tempting to save a couple of dollars by passing on a home inspection, however this short sighted approach could end up costing you big time in repairs, such as leaky roof or an unsound foundation. Here are some other ...

Darrell BellaartThe Daily News (Nanaimo) www.AlphonseQ.comThe average homebuyer in Nanaimo is from B.C.There's a good chance he or she is from Vancouver Island and it's highly likely he or she is in Nanaimo already. B.C. residents remain the single-largest group of buyers of Nanaimo real estate, according to the third annual real estate ...

Home sales in BC have fallen to 10 year lows.  Buyers are beng very cautious causing inventories of homes for sale to increase dramatically in BC.  Sales through the multiple listing service totaled 6,541 units last month, a drop of 37 percent from a year ago. Although listing inventory jumped 63 percent in the last 12 months, the ...

The real estate industry is bracing for a surge in home purchases, betting buyers will rush to get ahead of tighter federal government standards for the mortgage industry. The Finance Department will stop guaranteeing 40-year and zero-down-payment mortgage loans starting Oct. 15. That has set off speculation that a surge of buyers, particularly ...

The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The new measures include:Fixing the maximum amortization period for new government-backed mortgages to 35 years;Requiring a minimum down payment of five per cent for new ...