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Blog by Kevin Wong

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BC Home Sales Forecast to Grow in 2013

October 26th, 2012

News release from The British Columbia Real Estate Association (BCREA):

...BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 9.8 per cent to 69,200 units this year, before increasing 8.3 per cent to 74,920 units in 2013. The fifteen-year average is 79,000 unit sales, while a record 106,300 MLS® residential sales were recorded in 2005.

 

“Despite stro ...

Strata Corporations Required To Have Mandatory Depreciation Reports

October 26th, 2012
All strata properties in British Columbia, greater than four units, must have a common property depreciation report completed by December 13, 2013, detailing the assets, their condition, the timing and cost of replacement and a payment plan.

This welcome requirement will be of extreme help to homeowners looking for condos and townhouses in making informed decisions. At times, the s ...

Vancouver Home Prices Could Drop By 10 Per Cent Next Year, Says UBC Expert

October 26th, 2012

As home sales continue to plummet in Vancouver, it wouldn’t be surprising to see 10-per-cent price declines next year.

That’s the view of University of B.C. real-estate economist Tsur Somerville, who was asked to respond to new market forecasts released by the B.C. Real Estate Association.

On Tuesday, BCREA chief economist Cameron Muir said tighter mortgage rules implemented by Ot ...

Mark Carney On Rates: No 'Imminent' Changes

October 24th, 2012

Mr. Carney caught some observers by surprise Tuesday when the central bank, holding its benchmark overnight rate steady at 1 per cent, continued to signal that the next rate move will be an increase, though it’s in no rush to do that at this point. They had expected he would drop that language from his statement.

Based on the central bank’s latest musings, on everything from econom ...

Edmonds BE OPEN HOUSE!!

October 23rd, 2012

We are proud to announce that this Oct 23rd, 1:30 PM to 3:30 PM we will be hosting an Open House at 7370 STRIDE Ave in the Edmonds neighborhood, Burnaby East. This is an opportunity to visit this excellent Townhouse for sale in beautiful neighborhood of Edmonds.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Edmonds BE Townhouse for sale. ...

911 64TH Ave W, Marpole, Vancouver West, British Columbia NEW LISTING!!

October 19th, 2012

I just finished uploading this House for sale, 911 64TH Ave W, Marpole, Vancouver West, British Columbia

Wonderful south facing home located in the prime neighborhood of Marpole. 2 storey home w/basement that includes over 2000 SF of living space (5 bdrms, 4 baths, kitchen, living room, dining room, family room, recreation room & laundry room). Contains a 2-car detached garage with a fenced ...

BCREA: Video Housing Market Update (October 2012)

October 16th, 2012

Photos: Vancouver's 20 Smallest Condos for Sale

October 16th, 2012

There is a growing trend for smaller, more affordable housing especially in Vancouver. You may be a first-time homebuyer or simply downsizing. If size doesn’t matter, these apartments are among the smallest and cheapest of the current real estate listings for studio and one-bedroom units.  Would these satisfy your lifestyle?

BCREA: Tighter Regulation Trims Home Sales

October 16th, 2012

Excerpt from The British Columbia Real Estate Association (BCREA) October 15, 2012 news release:

The BCREA reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 28.5 per cent to $2.2 billion in September compared to the same month last year. A total of 4,539 MLS® residential unit sales were recorded over the same period, down 24.3 pe ...

19 7370 STRIDE Ave, Edmonds BE, Burnaby East, British Columbia NEW LISTING!!

October 15th, 2012

I just finished uploading this Townhouse for sale, 19 7370 STRIDE Ave, Edmonds BE, Burnaby East, British Columbia

Wonderfully quiet! 2 level, 2 bedroom, 2 bathroom east facing corner unit in desirable Maplewood Terrace. Ground floor unit with recently updated bamboo hardwood flooring & window screens complementing a cozy, open concept living & dining room area with a gorgeous tile surrounded ...

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