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Top 25 Real Estate Agents in Vancouver West,Downtown Vancouver and West Vancouver. Buy & Sell residential homes, property management, pre-sale and more.

House Construction Up 5.9 per cent in December

Posted by on Jan 11, 2010 in Blog

According to the latest real estate market news released by Ottawa: House construction rose more than expected in December as Canada’s real estate market continued to show signs of recovery. Canada Mortgage and Housing Corp. said Monday the number of seasonally adjusted housing starts were up 5.9 per cent from November, to 174,500 units. Most economists had expected an increase of between 160,000 and 165,000 units in December, following an upwardly revised 164,800 starts the previous month. According to CMHC data, urban starts were up 6.6 per cent to 157,100 units in December, CMHC said in its report. Multiple-unit starts totalled 77,700 during the month, up from 72,800 units in November, while single-unit starts totalled 79,400, up 6.4 per cent from the previous month. Urban construction was up 17.8 per cent in Quebec, 15 per cent in Atlantic Canada,...

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Top 10 Fun Events This Christmas Season In Vancouver

Posted by on Dec 8, 2009 in Blog

Most busiest and most beautiful holiday season is coming around the corner. This Christmas Vancouver’s families are going to have lots of fun. Here are some of the events overview: Event #1: 12th Annual Bright Nights Location: Stanley Park, Vancouver Time: Daily from 3 to 10 p.m. until Jan. 2, except Dec. 25. Fees: Admission is free to view displays but it costs $8 for adults, $5 for seniors and children to ride the train through the decorated landscape. Details: More than two million lights will light up the section of Stanley Park around the children’s train and farmyard area. The show also includes various animated seasonal displays. (For more information call 604-257-8531.) Event #2: The Carol Ship Parade of Lights Festival Time: Dec. 4 to 23 with extra sailing on Dec 27. Details: The Carol Ships Parade began...

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Investments in Vancouver Real Estate to Benefit from Strong Housing Demand in the Near Future

Posted by on Oct 28, 2009 in Blog

Residential real estate in Vancouver has shown remarkable resilience in the current downturn. While the market has recorded a 5 per cent decline in home values compared to the peak reached in 2008, home prices in Vancouver have risen, on average, 17 per cent each year since 1980. This has made Vancouver’s property market lucrative and attractive to real estate investors. The trend should persist as a slew of market indicators, economic fundamentals, and other factors suggest that demand for housing in Vancouver—and therefore the market prospects for strong investment performance—should remain strong. Various indicators paint a rosy picture of the property market activity in Vancouver. Housing sales in the January-August period are about 14 per cent higher than in the same period last year. Yet, this compares to an expected decline in housing sales of nearly 15 per...

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Why BC Luxury Real Estate Appeals To Investors (Part Two)

Posted by on Oct 21, 2009 in Blog

Yet, despite the small share in total residential sales, the luxury real estate market boasts properties with the highest price tag in the country. The high price of the luxury real estate in British Columbia is usually associated with a particular lifestyle or recreational appeal. In this sense, British Columbia boasts many natural beauties and the vast oceanfront access to the Pacific. This has made the province highly attractive to homebuyers and property investors seeking lifestyle-associated leisure properties. Most demanded have been oceanfront or lakefront properties and condominiums with a view and access to the waterfront. Kelowna, which is located on the Okanagan Lake, has been attractive for its recreational and tourism appeal. In the Greater Vancouver area, the most exclusive locations include Point Grey, UBC, Point Grey Road, Shaughnessy, West Vancouver’s Altamont, Dundarave, and British Properties (with upscale...

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Why BC Luxury Real Estate Appeals To Investors (Part One)

Posted by on Oct 18, 2009 in Blog

The luxury real estate market in British Columbia is characterized by a relatively small market share in total residential sales. However, it boasts some of the most expensive properties in Canada, whose value is derived from the exposure to some of the most beautiful natural landmarks in Canada, popular recreational localities, and particular lifestyles. These properties have weathered the economic downturn well and will remain attractive because of their positioning in some of the most beautiful localities in Canada and the world. Four areas of British Columbia, namely the ocean-facing Greater Vancouver, White Rock-South Surrey, Victoria, and the inland-located Kelowna, represent the major locales of luxury real estate in the province. These areas boast some of the priciest properties in Canada, with the minimum upper-end price thresholds ranging from $1 million in Victoria and Kelowna to $2 million in...

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