A year ago, British Columbia’s real estate markets were rising to a peak in sales. In July, they dramatically fell off it.
Sharp drops in sales in B.C.’s biggest markets led the province to a 42-per-cent decline in July sales through the Multiple Listing Service compared with the same month a year ago, the B.C. Real Estate Association reported Thursday.
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 42 per cent to 5,784 units in July compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 19 per cent in July from June 2010. The average MLS® residential price climbed 6 per cent to $491,832 in July compared to the same month last year.
Twenty + Change: Emerging Canadian Design Practices features twenty-one emerging firms from across Canada working in architecture, landscape architecture and urban design. These projects rethink urban infrastructure, propose new models for public space and housing, and examine the unique relationship between the single-family house and landscape.
Four months after the organizing committee for the 2010 Winter Games returned the Olympic Village to the city, and nearly four months after city council determined half of the 252 social housing units would be subsidized and half would be market rental, all 252 of these units remain empty.
The city and B.C. Housing have yet to release a request for proposals for a non-profit operator or operators. Non-profits can apply to manage the social housing, the rental housing, or both.
There was no way Allan Bernardo could afford to buy his own home in his east Vancouver neighbourhood. But thanks to the city’s laneway housing policy, he’s going to have his own “Fonzie suite†in the family’s backyard.
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.
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.