Sutton West Coast Realty

Vancouver has again ranked second in an international listing of the world’s most unaffordable markets, but the city’s affordability has improved while Toronto’s worsened.

The ranking comes from Demographia, a U.S.-based urban policy consulting firm that opposes government policies containing urban sprawl (such as smart growth and densification plans), and argues that they lead to ...

That four-month slide is the first since the recession, according to the Teranet-National Bank home price index.

Year over year, however, pric ...

The Bank of Canada trimmed its forecast for economic growth this year, and said eventual interest-rate increases likely will be delayed.

Policy makers said Canada’s gross domestic product would expand 2 per cent in 2013, compared with an October estimate of 2.3 per cent. GDP likely grew only 1.9 per cent last year, compared with the central bank’s autumn expectation of 2 per cent.

T ...

Little was heard of housing bubbles in Canada up to about a year ago. Now, predictions of crashes are on the front cover of Maclean’s and other publications. One might wonder if we are talking ourselves into a housing miasma, even though the fundamentals don’t point to one.

Consider affordability. The Bank of Canada’s housing affordability index shows that newly built standard houses ...

I just finished uploading this House for sale, 8591 GARDEN CITY Road, Garden City, Richmond, British Columbia

Spectacular!! 4577 SQ/FT, 8 year old home built on a 68*171=11,594 SQ/FT Lot. Includes 7 spacious bedrooms, 6 bathrooms (2en-suites), kitchen (stainless steel appliances/oak cabinets/granite counter tops), living room, dining room, family room, office, solarium, breakfast nook and la ...

Bringing Metro Vancouver’s Chinese food lovers together with one dining guide, the 5^th annual Chinese Restaurant Awards has announced the winners of 2013 Diners’ Choice Awards. This year, 34,273 votes were cast over a period of eight weeks with an average increase of 34%—the largest turnout in the history of Diners’ Choice Awards. No doubt these are the best Chinese restaurants in V ...

The way Jim Flaherty sees it, his July changes to Canada’s mortgage rules are having the desired effect on the housing market.

“Well, yeah,” the finance minister told The Globe and Mail. “I don’t mind prices coming down a bit, too.”

Mr. Flaherty’s comments Tuesday followed new numbers showing Canadian home sales posted their fastest year-over-year decline in December since he tightene ...

On a month-over-month basis, sales were little changed from November, the Canadian Real Estate Association said today. New listings slipped 1.3 per cent from November as home sellers pul ...