August Market Statistics
August Market Statistics from the Vancouver Island Real Estate Board Source: VIREB.ca
‘Soft landing’ expected for housing market, CMHC says
“Canada’s national housing agency says it expects builders to stop making as many new homes and focus on selling the ones they’ve already built. The Canada Mortgage and Housing Corporation’s latest quarterly forecast predicts lower sales volumes […]
Canada Consumer Confidence Stays Near 4-Year High
“Canadian consumer confidence remained near a four-year high last week amid buoyant sentiment about real estate. The Bloomberg Nanos Canadian Confidence Index was at 59.7 for the week ended July 25 after reaching 60.6 the […]
Monthly Market Update
[youtube id=”QMuPAxjyaeA” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for June 2014.
Building permits, May 2014 Statistics
“Municipalities issued building permits worth $6.9 billion in May, up 13.8% from April. This followed a 2.2% rise in the previous month. The increase in May resulted primarily from higher construction intentions for commercial buildings […]
Home sales in mid-Island region taking off
“Vancouver Island Real Estate Board reports a 23-per cent increase in home sales, which takes in all municipalities north of the Malahat. Notably, the greatest increase in sales happened in the Island’s more distant communities, […]
Mortgage wars at big banks helps drive B.C. home sales: Economist
“The mortgage wars between big banks helped stoke British Columbia’s real estate markets to their busiest May since 2007, according to the B.C. Real Estate Association. The province’s 13 real estate boards recorded 8,729 sales […]
Monthly Market Update
[youtube id=”EQecB0H8c_s” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for May 2014.
Brownfield testing eased for downtown properties Ministry of Environment OKs DNBIA study
“The Ministry of Environment has loosened requirements for contamination testing on properties surrounding the main Terminal Avenue corridor that runs through the centre of Nanaimo. The Downtown Nanaimo Business Improvement Association – the group that […]
CMHC to stop insuring mortgages on million-dollar homes, condo construction
“OTTAWA – Canada Mortgage and Housing Corp. says it will no longer offer mortgage insurance for homes that cost $1 million or more, starting July 31, even if the buyer has made a deposit of […]
Mortgage rates in Canada just fell below 2% from lenders
“If you thought mortgage rates could not go any lower, you were wrong. Investors Group is rocking the mortgage world with what appears to be the deepest discount in Canadian history on a floating rate […]
Canadian home sales pick up in April
“The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 2.7 per cent from March to April 2014. This continues to build on gains recorded in each […]