Category: News

Equilibrium

Kamloops green dream home no energy hog

It may not have been cheap to build, but a “green dream” demonstration house in Kamloops will be cheap to maintain.

The 3,000-square-foot home located in the Sun Rivers development is so loaded with energy-efficiency features that the estimated net cost for a year’s worth of electricity will be zero.

A rooftop array of solar photovoltaic panels generate enough power to warrant installation of a dual-purpose electricity meter that tracks the amount of energy consumed as well as surplus power dispatched onto the grid when the home doesn’t need it.

Global Real Estate Trends

Global Real Estate Trends

Global real estate markets entered 2010 with a renewed sense of optimism, piggybacking on the broader economic recovery underway. Housing demand and pricing improved in the first quarter of the year in the majority of the advanced nations we track, benefitting from ultra-low interest rates, improved affordability, and in some cases, government purchase incentives

Homebuyers and sellers less active in July

Homebuyers and sellers less active in July

Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest selling July ever recorded, and a 24.1 per cent decline compared to June 2010.

HST

HST reaction so positive B.C. cancels mail campaign, minister says

The B.C. government has cancelled a proposed mail campaign to support its Harmonized Sales Tax because it says public reaction to the new tax has been better than expected.

Finance Minister Colin Hansen said he pulled the plug on the HST mailer Wednesday during a Liberal caucus meeting in Vancouver.

“I think the roll out of the HST has been smoother than we had anticipated,” said Hansen.

Activity steady to start the summer season

Activity steady to start the summer season

The Greater Vancouver housing market experienced steady activity to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 per cent compared to the 4,259 sales in June 2009, which was the second highest selling June on record.

“Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably slower activity witnessed in June 2008, a period of recession as we all know,” Jake Moldowan, REBGV president said.

Vancouver Real Estate

In Vancouver, the third wave hits

The economic impact of wealthy buyers from Mainland China has gone all but unnoticed by the average Vancouverite — but it’s no secret to the city’s real estate industry.

May market offers buyers greater selection

May market offers buyers greater selection

The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more than the 3,002 sales in May 2008; and 27.1 per cent less than the 4,331 sales in May 2007. May 2010 sales also represent a 10.1 per cent decline compared to last month’s sales.