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Homebuyers and sellers less active in July

News

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.

‘Busiest weekend of the summer’ arrives

Events / Lifestyle

‘Busiest weekend of the summer’ arrives

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.

Housing Forecast Third Quarter Update 2010

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Housing Forecast Third Quarter Update 2010

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.

BC Home Sales to Rise in 2011

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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

News

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

Lifestyle

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

Events

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

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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.