According to BCREA’s fall Housing Forecast, BC MLS® residential sales are forecast to decline 28 per cent from 102,805 units in 2007 to 73,700 units this year. A modest 4 per cent increase to 76,500 units is forecast for 2009.
Archive for October, 2008
Consumer confidence key to housing market conditions: BCREA fall Housing Forecast now available
October 29th, 2008 
admin B.C. housing market in recession
October 23rd, 2008 admin VANCOUVER – The widespread impact of the credit crisis on mortgage finance, the economy, and consumer confidence has generated an external shock, sending B.C.’s housing market into recession, according to Central 1 Credit Union’s latest Economic Analysis of British Columbia newsletter.
Posted in Market Updates 
Tags: benchmark price, chief economist, consensus view, consumer confidence, detached house, downward trajectory, economic analysis, economic fundamentals, economic outlook, economic situation, Evaluation, experienced real estate, external shock, fraser valley, free home evaluation, gary gao, housing market, housing sales, housing starts, information, local real estate, lower mainland, lower mortgage, metro vancouver, mls sales, mortgage finance, multiple listing service, multiple listing system, north delta, oversupply situation, own real estate, port moody, price changes, real estate board of greater vancouver, sales environment, selling your home, unprecedented increases, vancouver real estate board, vancouver sun 
Comments OffPROPERTY: RESALE HOUSING MARKET CALMS DOWN
October 16th, 2008 admin reportonbusiness.com: PROPERTY: RESALE HOUSING MARKET CALMS DOWN: PROPERTY: RESALE HOUSING MARKET CALMS DOWN The resale housing market stabilized somewhat last month, Lori McLeod writes, as a larger number of sellers abandoned hopes of cashing in on the dwindling boom LORI MCLEOD REAL ESTATE REPORTER October 16, 2008 PRICES FALL AGAIN Prices for existing homes fell [...]
Canada’s MLS ® housing market balance stabilizes in third quarter
October 16th, 2008 admin CREAstats – National: Canada’s MLS ® housing market balance stabilizes in third quarter OTTAWA – October 15th, 2008 – The number of properties listed via the MLS® systems of Canada’s major markets was down from its peak in the third quarter of 2008, according to statistics released by The Canadian Real Estate Association (CREA). This [...]
The market – up, down, or sideways?
October 2nd, 2008 admin rebgv.org: The market – up, down, or sideways? The average price chart for the Board tells the story of real estate prices. Since 1977, the evidence is clear. For periods in each of the past three decades there have been dips in the market. The chart also illustrates that real estate has consistently been an [...]
Posted in Market Updates Tags: Andrew Ramlo, cameron muir, Condominium, condominium buyers, consumer confidence, Coquitlam, economy, employment, Helmut Pastrick, house price, Housing, housing price index, investment, location, mls, New Westminster, pitt meadows, port coquitlam, port moody, price appreciation, property, rebgv, residential sales, Richmond, Squamish, U.S., unprecedented growth, urban futures, value, Vancouver, vancouver eastside, west vancouver Comments OffHome prices in Lower Mainland slip below 2007 levels
October 2nd, 2008 admin Home prices in most Lower Mainland markets slip below 2007 levels: Home prices in most Lower Mainland markets slip below 2007 levels Derrick Penner, Vancouver Sun Published: Thursday, October 02, 2008 METRO VANCOUVER – Detached home prices in September slipped below 2007 levels in most markets across the Lower Mainland in the environment of declining [...]
Posted in Market Updates Tags: benchmark price, consensus view, consumer confidence, detached house, economic fundamentals, economic situation, fraser valley, housing market, local real estate, lower mainland, metro vancouver, mls sales, multiple listing service, north delta, port moody, price changes, real estate board of greater vancouver, rebgv, unprecedented increases, vancouver sun Comments OffHouse prices still falling, CIBC says
October 2nd, 2008 admin House prices still falling, CIBC says: House prices still falling, CIBC says Eric Beauchesne, Canwest News Service Published: Wednesday, October 01, 2008 OTTAWA — The Canadian housing market is close to becoming a buyer’s market for the first time in more than a decade, but it won’t be a bust, according to a report by [...]
Posted in Market Updates Tags: affordability, Alberta, analysis, Benjamin Tal, Calgary, CIBC, Eric Beauchesne, Gregory Klump, home sellers, house price, house prices, Housing, housing market, investment, mortgage, OTTAWA, real-estate, Sellers, stable, Toronto, Vancouver Comments OffREBGV September Stats
October 2nd, 2008 admin You can view the complete statistics package for September by clicking on the following link: September Stats. Home prices adapt to affordability demands VANCOUVER, B.C. – September 2, 2008 – The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in September 2008 to 1,585 [...]
Posted in Market Updates Tags: affordability, Apartment, Attached, B.C, benchmark price, consumer, consumer confidence, Dave Watt, economic situation, Housing, housing market, housing price index, listing, Market, mls, MLSLink, property, real estate board, real estate board of greater vancouver, rebgv, Residential, residential property sales, United States, Vancouver Comments OffCanadian housing shows bubble traits: economist
October 1st, 2008 admin reportonbusiness.com: Canadian housing shows bubble traits: economist: Canadian housing shows bubble traits: economist DAVID PARKINSON Globe and Mail Update October 1, 2008 at 1:58 PM EDT NIAGARA-ON-THE-LAKE, Ont. — U.S. economist Robert Shiller says Canada’s housing market has been following a similar boom-and-bust path as that seen in the United States, but fundamental differences between [...]
Posted in Market Updates Tags: banking, Ben Bernanke, business, Calgary, canadian cities, David Dodge, DAVID PARKINSON, Depression, economist, Edmonton, employment, Government, Housing, housing bubble, housing market, leaky roof, Market, mortgage, Ontario, professor, real estate bubble, Residential, Robert Shiller, Style, subprime mortgages, U.S., United States, University, Vancouver, Wall Street Comments OffReal Estate News
October 1st, 2008 admin Globe and Mail [feedsnap, 6]http://feeds.feedburner.com/TheGlobeAndMail-RealEstate[/feedsnap] Vancouver Sun [feedsnap, 6]http://feeds.canada.com/canwest/F261[/feedsnap] US Real Estate News – Forbes.com [feedsnap, 6]http://www.forbes.com/forbeslife/realestate/index.xml[/feedsnap] US Mortgage And Real Estate News [feedsnap, 6]http://www.mortgagenewsdaily.com/rss.asp[/feedsnap]
Posted in Market Updates Tags: economic situation, experienced real estate, forbes, free home evaluation, globe and mail, local real estate, metro vancouver, mortgage, News, real estate board of greater vancouver, real estate news, rebgv, selling your home, Vancouver Comments Off
