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  1. House prices may be moderating says Royal LePage

    Jamie HenryOther The rise in house prices has begun to ease according to the latest survey from Royal Le Page. The figures show that house prices increased year-over-year up to the third quarter of this year. Condos were at the bottom end of the scale up 4.4 per cent to an average $257,377; standard two-storey […]

  2. September sales slowdown; the year’s first decline

    Jamie HenryOther Despite a positive year-over-year result, national home sales were down in September; the first monthly decline since January. New figures from the Canadian Real Estate Board show that nationally in September there was a drop of 1.4 per cent from the previous month. There were declines in 60 per cent of markets led […]

  3. Scotiabank’s Porter Calls Canada Bubble Fears Overblown

    Greg QuinnOther Canadian concerns about a housing bubble are overblown in a country where credit growth is modest and the job market is stable, says Bank of Nova Scotia Chief Executive Officer Brian Porter. “Bubble is perhaps the most overused word since the global financial crisis,” Porter said in an interview yesterday in Washington, referring […]

  4. Vancouver’s real estate boom: The rising price of ‘heaven’

    Iain Marlow And Brent Jang Other Qiqi Hong walks past her sleek, blue-tiled hot tub and an infinity pool that seems to disappear like a waterfall into the chilly air above West Vancouver. She leans on the patio railing and breathes in the majestic ocean view that takes in the towering Douglas firs of Stanley […]

  5. The Walks at 12091 70th Avenue – townhouses by Scott Hill Developments

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  6. Anatomy of a deal: the sale of Vancouver’s Olympic Village

    Tallying the winners and losers of Vancouver’s Olympic Village deal Jen St. Denis and Frank O

  7. Spending on renovations outpaces new home construction

    Tara Perkins Other More money was spent renovating homes in Canada than building new ones during the 12 months to the end of June, according to data compiled by the Bank of Montreal. “In the four quarters through [the second quarter], renovation activity outpaced investment in new residential construction $48.4-billion to $46.3-billion, as the latter […]

  8. New home construction in Canada held relatively steady in September

    BCREA ECONOMICS NOWOther New home construction in Canada held relatively steady in September, rising a slight 0.5 per cent to 197,343 units at a seasonally adjusted annual rate (SAAR). The six-month trend in Canadian housing starts of 197,747 units SAAR sits slightly in excess of Canadian household growth.Housing starts in BC urban centers moderated from […]

  9. Building permits decline in August; reversing the trend

    Jamie HenryOther Following three months of double-digit increases in the number of building permits issues by municipalities across Canada there was a drop in August. According to the latest data release from Statistics Canada the decline was mainly the result of lower construction intentions for non-residential buildings in Quebec and residential buildings in Ontario. After […]

  10. China Just Overtook The US As The World’s Largest Economy

    Mike BirdOther Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen.  Basically, the method used by the IMF adjusts for purchasing power […]