Blog by Kevin Wong

  • +1
BC Home Sales Continue to Trend Lower

September 17th, 2012

Vancouver, BC – September 17, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 25.4 per cent to $2.6 billion in August compared to the same month last year. A total of 5,337 MLS® residential unit sales were recorded over the same period, down 17.9 per cent from August 2 ...

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

September 17th, 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. A 2-storey home with a basement that includes over 2100 SF of living space (4 bedrooms, 4 bathrooms, kitchen, living room, dining room, family room, recreational room, den & laundry room). Contains a 2 car detached ...

Doors Shutting on First-Time Home Buyers

September 8th, 2012

The Toronto and Vancouver housing markets have cooled rapidly in the wake of Ottawa’s latest bid to stop a bubble, with many first-time buyers knocked out of the running.

Finance Minister Jim Flaherty put the July 9 changes into effect to curb growing mortgage debt levels and take some steam out of house prices. Among other things, the new rules cut the maximum length of insured mo ...

Slow Real Estate Market Sparks Renovation Revival

September 8th, 2012

With resales falling and the new housing price index slipping, people appear to be staying put a bit longer and renovating their existing homes instead of moving.

Peter Simpson, president and CEO of the Greater Vancouver Home Builders Association, said he spoke with several renovators and very few are fixing up homes for resale.

“Some clients have moved in and want to renovate. ...

Average B.C. Home Price to Dip 7.8 per cent: Economist

September 1st, 2012

The average price of homes sold in B.C. is forecast to fall 7.8 per cent this year, but that doesn’t mean the price of a typical home will drop, the B.C. Real Estate Association’s chief economist Cameron Muir said Thursday.

The average Multiple Listings Service price is down and will continue to fall because fewer single-family homes in tony neighbourhoods are selling, while more ...

City of Vancouver Building Permit Values Top $1 billion for First Time in Five Years

September 1st, 2012

The City of Vancouver issued $1.1 billion in building permits during the first six months of 2012, a 40-per-cent increase over 2011 and the first time in five years that construction has topped the billion-dollar figure for the first half of the year.

“This adds to overall economic growth; it means more construction jobs and related spinoff jobs,” said Helmut Pastrick, chief econ ...




Enter your email address:

Delivered by FeedBurner