Blog by Kevin Wong

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BC Commercial Real Estate Market to Strengthen

February 28th, 2011
BC Commercial Real Estate Market to Strengthen Vancouver, BC – February 28, 2011. The BC commercial real estate market should continue to strengthen through 2011, according to the new Commercial Leading Indicator (CLI) index developed by the British Columbia Real Estate Association (BCREA). The BCREA CLI rose 2.3 per cent in the fourth quarter of 2010 to an index level of 110.5, marking seven ...

Manageable Growth for BC’s Construction Industry Over Next 9 Years

February 23rd, 2011

With a few exceptions, BC’s construction industry will grow at a manageable pace for the next several years, thanks mainly to mining and utilities-related projects, and a modest housing recovery. A new forecast scenario released by the Construction Sector Council, Construction Looking Forward: An assessment of construction labour markets for British Columbia from 2011-2019, says new mining ...

January Housing Stats Released from BC Stats and CMHC

February 23rd, 2011

The value of building permits issued by municipalities in British Columbia slipped 5.7% (seasonally adjusted) in December. An increase was recorded in residential permits (+2.4%), while drop-offs in the industrial (-38.6%), commercial (-20.8%), and institutional (-1.6%) sectors pushed total non-residential intentions down 17.1%. There was considerable variability among the province’s urb ...

Built Green™ BC Receives Grant from BC Real Estate Foundation

February 23rd, 2011

To support the development of the Built Green™ BC Renovation Training Program, CHBA BC has been awarded a financial grant from the BC Real Estate Foundation. The Real Estate Foundation of BC aims to be a pivotal connection in making land use knowledge and practice in BC a model for the world, aligning resources and leading learning relating to sustainable land use practices. The Foundati ...

Home Sales to Climb 8% in 2011: British Columbia

February 23rd, 2011
The British Columbia Real Estate Association (BCREA) released its Housing Forecast for the first quarter of 2011 today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 8 per cent from 74,640 units in 2010 to 80,900 units this year, and increase another 4 per cent to 83,950 units in 2012.

“British Columbia housing markets are returning to normalcy after two ...

Vancouver Remains World's Most Livable City: Survey

February 22nd, 2011

For the fifth year in a row, Vancouver has been named the most livable city in the world. Still riding an Olympic high from hosting the Vancouver 2010 Games, the city beat out Melbourne, Australia and Vienna, Austria as the place where people most choose to live. Two other Canadian cities, Toronto and Calgary, also made the Economist Intelligence Unit’s top ten list at fourth and fifth r ...

B.C.’s Residential Construction Person of the Year Announced: David Podmore, CEO of Concert Properties

February 16th, 2011
It takes someone with great leadership, pursuit of excellence and a commitment to giving back to be named BC Homes Magazine’s Residential Construction Person of the Year. For 2010, David Podmore, chairman and CEO of Concert Properties in Vancouver, B.C., has won the honour, after a nomination and judging phase.

“The nominations we received for the fourth annual award were all outstan ...

Vancouver, Richmond Lead Market Demand

February 16th, 2011
The metro Vancouver is strong, but some areas are stronger than others and they are also proving to be the most expensive.  "There was a healthy balance between the number of home buyers and sellers in our market in January, but there's always variation in activity from region to region," said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). "We're seeing strong ...

Resale Housing Market Shows Further Improvement In January

February 15th, 2011
National resale housing activity climbed further in January 2011, according to statistics released today by The Canadian Real Estate Association (CREA).

Seasonally adjusted national home sales activity rose 4.5 per cent in January 2011 compared to the previous month, reaching the highest level since April 2010. Led by Vancouver and Toronto, seasonally adjusted sales activity posted m ...

Housing Market Continues Normalization Trend

February 14th, 2011
Vancouver, BC – February 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 7 per cent in January from December 2010, on a seasonally adjusted basis. Compared to January of last year, MLS® residential unit sales were down 10 per cent to 4,137 units. The average MLS®
residential price rose 11.5 p ...
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