2012 Observer examines important housing highlights
Sellers tending to take houses off the market if they’re not getting good offers – Metro Vancouver Real Estate Housing Market Update September 2012
Metro Vancouver prices remain high as home sales slow
How can you know if you are financially ready to become a homeowner? – Greater Vancouver Real Estate 2012
This step guides you through some simple calculations to figure out your current financial situation, and the maximum home price that you should consider.
Financial advisors unconvinced new mortgage rules are better – Greater Vancouver Real Estate News July 2012
Finance Minister Jim Flaherty recently introduced changes to the mortgage rules, ostensibly as a means of reining in runaway consumer debt.
The seasonally adjusted annual rate of housing starts was 201,100 units in February, according to Canada Mortgage and Housing Corporation (CMHC).
Canada Mortgage and Housing Corp. (CMHC) reported a 24% increase in housing starts in the Vancouver Census Metropolitan Area (CMA) in February compared with the same month a year ago.
The federal housing agency is serving notice to banks and other lenders that it is nearing the limit on mortgage insurance it can offer them.
Housing-related spending accounts for more than 20 per cent of Canadaâ€™s Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010
Housing starts in British Columbia are forecast to increase in 2012
The official forecast is for Metro Vancouver resales to rise 9 per cent and the average overall home price to increase 2.2 per cent from 2011 to $805,000.