Market Commentary
Category: Residential Market News (29 posts)
Metro Vancouver October 2018 Statistics Reporting
November 7, 2018 | Posted by: Francine Tracey
See below link for the most recent stats on the market: Conclusion- Detached homes in buyer's market, approaching balanced market. All other classes are in balanced market a ... [read full post]
Category: Residential Market News
BC Property Transfer Tax Update January 2017
January 30, 2017 | Posted by: Francine Tracey
I just received this note from Tony..... Re: PTT for non-residents with a work permit Good afternoon everyone, In yet another announcement regarding the Property Transfer Tax, the provincial ... [read full post]
Category: Residential Market News
Summary of 2016 Residential Market Data for Metro Vancouver
January 22, 2017 | Posted by: Francine Tracey
This is an excellent video summarizing the 2016 Market: In my opinion, we are not going to see much in the way of further price drops in any given market segment. Although sales volume is down, the sa ... [read full post]
Category: Residential Market News
BC Housing Second Mortgage Financing Guidelines
January 11, 2017 | Posted by: Francine Tracey
The new second mortgage program launches January 15, 2016. Here are the guidelines for homeowner qualifications: BC HOUSING SECOND MORTGAGE FINANCING GUIDELINES ... [read full post]
Category: Residential Market News
Changes to Property Transfer Tax (PTT) In British Columbia
February 17, 2016 | Posted by: Francine Tracey
Re: Property Transfer Tax Changes Good morning everyone. By now you should have heard about the changes in the latest budget regarding the PTT. Here is what we know. There are no changes to the fi ... [read full post]
Category: Residential Market News
First time Buyer Rebates and Minimum Downpayments for Mortgages in Canada
January 12, 2016 | Posted by: Francine Tracey
In December 2015 CMHC Made changes to the rules regarding Minimum Downpayment. The attached PDF shows the table of down payments required - 5% down up to $500,000 and escalating after that. &nbs ... [read full post]
Category: Residential Market News
Canadians still Bullish on Real Estate
December 11, 2015 | Posted by: Francine Tracey
Source: Canadian Real Estate Wealth December 11, 2015 The good times will continue to roll in Vancouver and Toronto. See the attached PDF for more details: Canadians_still_bullish_ ... [read full post]
Category: Residential Market News
5 Reasons to Use a Mortgage Broker provided by B2B Bank
November 19, 2015 | Posted by: Francine Tracey
Here are 5 great reasons to use a Mortgage Broker. Call us today, we can help! Francine Tracey and Stephen Cheng 5_reasons_to_use_a_Mortgage_Broker.pdf ... [read full post]
Category: Residential Market News
GVRD Home Sales Steady and Following Historical Trends
March 4, 2014 | Posted by: Francine Tracey
Home sales and listings continue to follow historical averages In the first two months of 2014, the Greater Vancouver housing market has maintained the steady pace set throughout 2013. The Real Esta ... [read full post]
Category: Residential Market News
Real Estate Market Reports Dec 2013
December 9, 2013 | Posted by: Francine Tracey
Canada’s major real estate boards reported last week on November resale data. In terms of year-over-year comparisons, resale activity was sharply higher but, when compared to long-term averages, ... [read full post]
Category: Residential Market News
CBC News: Condo Market Remains Healthy
September 7, 2013 | Posted by: Francine Tracey
Condo market remains healthy, a new report showsCBC NewsPosted: Aug 28, 2013 12:27 PM ETLast Updated: Aug 28, 2013 1:58 PM ET Canada’s condo market is not headed for a bust, although sales are ... [read full post]
Category: Residential Market News
GVRD Sales and Listings Report August 2013
September 7, 2013 | Posted by: Francine Tracey
GVRD Residential Sales and Listings Report August 2013 Clearly, prices have been rising throughout the year as inventory levels decline from a high of 12 months supply in 2012 to current levels stead ... [read full post]
Category: Residential Market News
Supply of Residential Units Decreasing....Balanced Market with Tightening Inventory
June 11, 2013 | Posted by: Francine Tracey
Click on the link to see in the inventory of residential market units expanding through 2012 and then shrinking up to June 2013...and quickly approaching a 5-month inventory supply. The 5 month ... [read full post]
Category: Residential Market News
Unsold Condos Toronto on the rise, but markets strong
February 4, 2013 | Posted by: Francine Tracey
Urbanisation said there were 3,841 new condominium apartments sold in the fourth quarter of 2012, a 16% jump from the third quarter. The 17,997 units sold in 2012 was below the five-year sales average ... [read full post]
Category: Residential Market News
Bob Rennie Speaks: Vancouver Housing Market 2013
January 21, 2013 | Posted by: Francine Tracey
Bob Rennie: Vancouver Housing Bubble Fears Overblown,Real-Estate Marketer Says Source: The Huffington Post Posted: 081271201210:17 am Updated: 0812812012 5:28 pm Talk of Vancouver's hous ... [read full post]
Category: Residential Market News
December 2012 Real Estate Statistics Analyzed
January 21, 2013 | Posted by: Francine Tracey
The Numbers: December Data from CREA - Analysis Courtesy Of MCAP Mortgage Canadian housing market sales data for December was published early last week by the Canadian Real Estate Association and it&r ... [read full post]
Category: Residential Market News
Why I don't regret buying my home - or renting longer
October 1, 2012 | Posted by: Francine Tracey
Her story may be a glimpse into the new normal. Claire’s generation is part of a cultural shift away from the traditional “Canadian dream” of a white picket fence and a large yard in ... [read full post]
Category: Residential Market News
Dog Days of Summer are Here
August 8, 2012 | Posted by: Francine Tracey
It's August and we're heading right into the traditional dog days of summer. It's a great time to relax with family, take that much-needed vacation or just chill at home. It's been quite an eventful y ... [read full post]
Category: Residential Market News
West Side - East Side - Never The Twain Shall Meet?
July 16, 2012 | Posted by: Francine Tracey
West Side - East Side - Never The Twain Shall Meet? Neil Hamilton, (neilhamilton@macrealty.com) longtime Vancouver Realtor, has some interesting observations about the Vancouver East and Westside rea ... [read full post]
Category: Residential Market News
Flaherty to bankers: Pull the other one
April 5, 2012 | Posted by: Francine Tracey
The irony that bankers dangling some of the lowest rates in history are also asking Ottawa to tighten mortgage rules hasn't been lost on the Finance minister, now suggesting he'd rather sit pat. &ldq ... [read full post]
Category: Residential Market News
Good news for the economy
March 6, 2012 | Posted by: Francine Tracey
Good news for the economy It's not all bad news in the world of real estate and home buying. With the Bank of Canada holding its prime rate at a historic 1%, which will likely stay there for most of ... [read full post]
Category: Residential Market News
Greater Vancouver housing market trends near long-term averages as spring market approaches
March 5, 2012 | Posted by: Francine Tracey
Greater Vancouver housing market trends near long-term averages as spring market approaches VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helpe ... [read full post]
Category: Residential Market News
Message From TMG President Mark Kerzner about the Canadian Mortgage Market
March 1, 2012 | Posted by: Francine Tracey
Hello TMG. Right now our industry is being inundated with news of change and uncertainty. I really don't know where to start but I do want to share some of my thoughts with you. At times, my writ ... [read full post]
Category: Residential Market News
BCREA First Quarter Housing Update – Source: British Columbia Real Estate Association
February 21, 2012 | Posted by: Francine Tracey
Average performance for the housing market in 2012 The British Columbia Real Estate Association (BCREA) recently released its 2012 First Quarter Housing Forecast Update. “Modest economic growth ... [read full post]
Category: Residential Market News
Are There Too Many Mortgage Brokers In British Columbia?
February 21, 2012 | Posted by: Francine Tracey
While 33 per cent of brokers canvassed for the last CAAMP-Maritz survey characterized the number of mortgage professionals in Canada as “just right,” a whopping 61 per cent said “the ... [read full post]
Category: Residential Market News
CMHC’s Canadian Housing Observer 2011 Report
January 10, 2012 | Posted by: Francine Tracey
Although this report is substantially based on 2010 data, it is insightful and important points are made for making real estate decision moving forward. CLICK HERE to review the full PDF re ... [read full post]
Category: Residential Market News
Residential Housing Market Report: Third Quarter 2011
November 14, 2011 | Posted by: Francine Tracey
Summary: First time buyers are entering a market which is characterized by high prices, but one which is still very affordable because of historical low interest rates. CMHC predicts pri ... [read full post]
Category: Residential Market News
It's September....sharpen your pencils!
May 24, 2011 | Posted by: Francine Tracey
For most of us, it’s been years since we headed back to the classroom in September. But there’s something about the fall that makes you want to sharpen your pencils and get back on track, ... [read full post]
Category: Residential Market News
Home buyers and sellers enter the housing market at near record pace in March
May 24, 2011 | Posted by: Francine Tracey
VANCOUVER, B.C. – April 4, 2011 – Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multi ... [read full post]
Category: Residential Market News