After surprising growth in 2011, Greater Vancouver real estate prices will rise just two per cent in 2012
Tagged: Canada Mortgage and Housing
Housing market information originating from the Multiple Listing Service (MLS) has long been recognized as the most reliable and comprehensive data available for those looking to buy or sell a home.
Metro Vancouver’s housing market remained balanced in January amid growing signs of a strong sellers’ market returning with high demand in larger centres.
Metro Vancouverâ€™s housing starts finished 2010 on a strong note, recording 15,217 new homes over the year, close to the 10-year average, according to Canada Mortgage and Housing Corp.
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year.
Housing starts in British Columbia will hold steady then gradually rise next year, according to Canada Mortgage and Housing Corporation (CMHC)â€™s Housing Market Report published today.
The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today.
According to Canada Mortgage and Housing Corporation (CMHC), there were 1,447 housing starts in October in the Vancouver Census Metropolitan Area (CMA), bringing the year-to-date total to 12,584 homes.
After a strong finish to 2009, and a robust first quarter of 2010, housing starts have moderated.
To understand the housing market and where itâ€™s headed, itâ€™s a good idea to take a close look at the big banks.
As providers of more than 60% of home loans in Canada they are major players, determining everything from who gets to be a buyer to what people can afford to pay.