Single-family home market heats up in Surrey as condos cool
Posted on Nov 28, 2014
SURREY — A glut of available properties has cooled Surrey’s condo market, while demand for single-family homes remains hot.
The abundance of condominium developments has depressed condo/apartment prices across the city since last October. This includes Surrey Central, where prices have fallen by 1%, South Surrey-White Rock (-0.3%) and North Surrey...
Metro Vancouver home sales above average in October
Posted on Nov 27, 2014
Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014. This represents a 14.9 per cent increase compared to the...
Seriously, Why Are You Still Renting In Vancouver?
Posted on Nov 04, 2014
Vancouverites love to complain about housing costs. A few of my friends and neighbours are currently looking at renting a home, and the rates are outrageous. You can easily pay $1,800 for a one-bedroom apartment downtown, and at the end of your lease you've padded your landlord's pockets but haven't built up any equity of your own.If you're plannin...
Canada's Most, Least Affordable Housing Markets, According To Desjardins
Posted on Nov 04, 2014
Congratulations, residents of Windsor, Ont., you have Canada’s most affordable housing market.
That’s according to a new survey from Desjardins, which found housing affordability overall declined slightly in the third quarter of this year.House prices in Canada were up 5.3 per cent over the past year, more than income growth, making housing less aff...