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
Author: James Chung
There was no way Allan Bernardo could afford to buy his own home in his east Vancouver neighbourhood. But thanks to the cityâ€™s laneway housing policy, heâ€™s going to have his own â€œFonzie suiteâ€ in the familyâ€™s backyard.
Dethroning Appleâ€™s iPhone could prove to be too big a bite for some of the old leaders of the cellphone industry, including LG Electronics, who are only now scrambling to catch up with their phones and services.
Nokia, Samsung and LG control 70 per cent of the total handset market but their failure to stop Appleâ€™s roaring march in the smart phone market has hit their profits and is now raising questions about whether it is a fight they will want to continue.
Apple, which entered the handset industry only three years ago, makes one iPhone for every 13 phones Nokia sells, but it generates larger total profit from these fewer phones.
Lighting is one of the biggest energy gobblers in your house, eating up between 10% and 20% of your total electric bill. But itâ€™s also one area of the home where a minimal effort can yield major returns. Simply replacing standard incandescent light bulbs with compact fluorescents can lower operating costs by as much as 75% per bulb. And in places where you canâ€™t-or donâ€™t want to-switch to CFLs, you can use higher-efficiency incandescents and even make your existing conventional lighting cheaper to operate. When new federal legislation takes effect in 2012, all light bulbs will have to meet tougher energy-efficiency standards. But with a few small changes, you can start saving money right now.
Welcome home to ‘Paloma’, built by Regent International located in Richmond City Centre. This luxurious condo features centralized air conditioning, open kitchen, granite countertops, stainless steel appliances, real hardwood floorings, fireplace and floor to ceiling windows. This spacious 956 square foot, 2 bedroom and 2 bathroom unit is steps away from Richmond Centre, shopping, restaurants, schools, parks and Canada Line Brighouse SkyTrain Station.
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.
Hundreds of thousands of people are expected to celebrate in the West End streets during what police call “the busiest weekend of the summer.”
With tonight’s fireworks grand finale and Vancouver’s Pride festival on in full force, hoards of excited revellers are expected to flock to the neighbourhood to join the festivities.
BC housing markets are returning to typical post-recession demand pat- terns. The dramatic rebound in consumer demand during 2009 and sub- sequent decline during the first two quarters of 2010 has set the stage for a gradual increase in home sales during the fall and through 2011. Residential unit sales through the Multiple Listing Service® (MLS®) in BC are forecast to decrease 7 per cent to 79,500 units in 2010, before climbing 5 per cent to 83,400 units 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.
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.