BC Home Sales to Rise in 2011

BC Home Sales to Rise in 2011

The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the third quarter of 2010 today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 7 per cent from 85,028 units in 2009 to 79,500 units this year, before increasing 5 per cent to 83,400 units in 2011.

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.

Kits Beach

Vancouver named among world’s best beach cities

Vancouver has been named one of National Geographic’s top 10 beach cities in the world — along with international destinations including Cape Town, Honolulu, Rio de Janeiro and Sydney.

“Canada’s most adventurous metropolis is home to 10 beaches, from the family-centric Jericho to the clothing-optional Wreck Beach, many of which offer commanding views of the Vancouver skyline and majestic North Shore Mountains,” a recent article in the magazine reads.

Hello Caribbean Days Festival

Hello Caribbean Days Festival

Each July, the Trinidad & Tobago Cultural Society of BC presents the Caribbean Days Festival. This event draws a crowd of exuberant fun-lovers to North Vancouver’s Waterfront Park for a weekend of parading, dining and dancing in the sunshine.

7 Steps To Take Before You Buy A Home

7 Steps To Take Before You Buy A Home

Most potential homebuyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you’re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase.

Fort Langley

Fort Langley waterfront condo development in historic district under fire

While some municipalities like West Vancouver are buying back waterfront for public recreation, Fort Langley residents are fighting to save the community’s last strip of riverfront.

Residents in the Fraser Valley heritage town have come out en masse — packing three nights of public hearings — to oppose a revamped rezoning by ParkLane Homes to build a pair of four-storey condo and townhouse blocks on the river as part of the final phase of the Bedford Landing development.

Rental Units

Demand sparks bump in rental units

Rental apartments are frustratingly difficult for developers to build in Metro Vancouver’s high-priced real estate markets, but builders have started work on more of them in the first half of 2010 than in similar periods over the past five years.

The total number is quite small, 475 compared with 6,881 housing starts overall in Metro Vancouver, Canada Mortgage and Housing Corp. reported Friday. However, market analyst Robyn Adamache said it reflects that developers may be responding to the city’s demographic needs.

Adamache said the new units are spread across five buildings, which include mixes of market-rental housing, seniors’ housing and other unit types.