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Tuesday October 7th, 2008
Sheila Pope News
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Bank of Canada Lowers Prime 0.5% |
Category: Real Estate News
March 7th, 2008
The Bank of Canada reduced the prime lending rate by one half of one percent yesterday in a move to head off a potential slow down in the Canadian economy due to the recent economic problems in the United States....
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Sechelt Developer Recognized in Recent Awards |
Category: Real Estate News
March 1st, 2008
Wakefield Beach Homes in Sechelt was recognized in the recent fourth annual Wood Design Awards, winning an award for "Interior Beauty of Wood"....
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Family builders intend to maintain close ties |
Category: Real Estate News
December 14th, 2007
Greypointe Properties has teamed up with Wakefield Homes for the sale of 30 freehold ocean-view lots at their SilverStone development in Sechelt, with the aim of taking the hassle out of vacation home shopping....
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B.C. housing market defies odds, heats up |
Category: Real Estate News
August 21st, 2007
Exceptional strength in Canada's resale housing market in the first six months of the year prompted the Canadian Real Estate Association on Monday to more than double its forecast for sales increases in 2007, the second time this year the association has revised its predictions upward....
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Prime rate increases |
Category: Real Estate News
July 12th, 2007
The Bank of Canada increased the prime rate by 1/4% yesterday in an attempt to slow down inflationary pressure caused by a heated economy....
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Canada's housing market keeps on booming |
Category: Real Estate News
July 11th, 2007
Canada's resale housing market is still firing on all cylinders, with dollar volumes, new listings and the average price of a home racing to record highs in June....
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Housing prices keep on climbing |
Category: Real Estate News
July 4th, 2007
The Canadian housing market continued its "astounding" momentum in the second quarter of 2007, and is expected to keep up the pace for the rest of the year, according to a report released yesterday....
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The price of paradise: $30,000 a month |
Category: Real Estate News
June 29th, 2007
So you didn't inherit a sprawling lakefront compound or mountain retreat. This summer, if you have a cool $30,000 or $40,000 to spend, you can rent the Canadian cottage dream for a month....
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The theme is relaxed indulgence |
Category: Real Estate News
June 8th, 2007
Painted Boat is being built on the site of the former Lowe's Resort, a family-run business that catered its down-home style to seasonal fishing tourists, and is marketed to families who enjoy the Sunshine Coast and who appreciate the resort's amenities....
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Cottage prices outpace housing market |
Category: Real Estate News
June 5th, 2007
The average national price for a waterfront cottage or cabin, jumped 12 per cent to $427,589 this spring while the average national price of an existing home climbed a smaller 9.3 per cent to $305,542....
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Hunting for a slice of Canadian paradise |
Category: Real Estate News
May 2nd, 2007
Dreaming of sitting on the deck of a cottage, soaking in the view and then going for a swim? Despite soaring costs of premium waterfront properties, bargains can still be found nearby....
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No 'correction' predicted as prices dip |
Category: Real Estate News
December 5th, 2006
Figures may signal better news for buyers, less upward pressure on prices...
Real estate sales across the Lower Mainland this year are continuing at a pace about 10-per-cent below last year's record clip, regional real estate boards reported Monday.
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Housing market crash not in the cards for Canada |
Category: Real Estate News
November 22nd, 2006
Canada's hottest housing markets will not suffer the price crashes seen in some U.S. regions, in part because the speculation and high-risk mortgages that fuelled the activity south of the border are not rampant in this country....
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Developer targets Sunshine Coast |
Category: Real Estate News
September 29th, 2006
An Abbotsford-based developer has plans for the Sunshine Coast that would bring thousands of new residents and a Whistler-style resort to the area...
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Home prices could rise for decades |
Category: Real Estate News
September 14th, 2006
Bubble - what bubble?
Canadian home prices, already on a tear for years, are expected to grow on average almost 4 per cent a year over the next decade and a half, a Toronto-Dominion Bank report said Thursday.
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Recreation is booming |
Category: Real Estate News
August 20th, 2006
B.C.'s recreation market is as searing as the urban residential sector.
While much of it is being propelled by "aging baby boomers," there's plenty of action coming from younger buyers and so-called "lifestyle" buyers intent on grabbing their piece of paradise... "never before have those aged 50-plus been such a strong segment of the recreational property market."
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CNI acquires 3,286 acres |
Category: Real Estate News
July 14th, 2006
Abbotsford-based Columbia National Investments (CNI) has recently acquired more than 3,000 acres of land on the Sunshine Coast
"Demand for housing is at an all-time high on the Sunshine Coast and the Lower Mainland," said Steve Dunton, CEO for CNI in a telephone interview with The Coast Reporter. "More and more people are choosing to live outside the Vancouver downtown core and are commuting. I have to admit our new focus on the Sunshine Coast is one of the most exciting projects of our careers."
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House prices in Western Canada continue to soar |
Category: Real Estate News
July 6th, 2006
House prices in western Canada continued to soar in the second quarter, as demand outstripped supplies and rising mortgage rates failed to dampen buyers' enthusiasm.
In the west, what's pushing up prices is a lack of listings, the report suggests. The story in Alberta, and parts of British Columbia, is "extraordinary demand levels far surpassing available inventory," said Phil Soper, president of Royal LePage Real Estate.
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Sunshine Coast quietly setting record year-over-year price increases |
Category: Real Estate News
June 1st, 2006
While the rest of the Lower Mainland's real estate market has been white-hot the last couple of years, the Sunshine Coast has quietly been setting year-over-year price increases faster even than Vancouver.
The average Sunshine Coast detached house price is now north of $380,000, double what it was five years ago.
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Rich at any age: choosing a vacation property |
Category: Real Estate News
January 16th, 2006
In summer weekends, Canada's urban centres become virtual ghost towns as city slickers - and their tag-along family and friends - flock to cottages for a little R&R. While you may have spent your 30's and 40's being one of those tag-alongs, your 50's could be the right time to think about a recreational property of your own. After all, your mortgage may be paid off (or close to it) and you're probably starting to think about what you'd like to do in your retirement years....
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Average home prices will rise by 6% in 2006, Royal LePage predicts |
Category: Real Estate News
December 1st, 2005
Canada's housing market will show moderate growth next year and will be driven by prosperity in the West, a real estate survey released Thursday suggests.
The effects of an unusually strong fall market are expected to carry through into the first half of 2006.
The increase in spending in western provinces is expected to sustain sizable gains for the housing markets in Alberta, British Columbia and Saskatchewan well into next year.
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Housing boom forecast to continue through 2007 |
Category: Real Estate News
November 24th, 2005
Southwestern British Columbia's housing boom should echo on into 2006 and 2007, the Credit Union Central B.C. is predicting.
Credit Union Central is predicting that although mortgage interest rates are expected to rise by more than a full percentage point over its forecast period, and housing sales and new-home starts will both rise, demand will still be brisk enough to push up selling prices, as "buyers are not particularly interest-rate sensitive."
CUC is predicting that house prices will rise at a compounded nine per cent through 2007.
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Housing Boom to Continue, Study Shows |
Category: Real Estate News
November 4th, 2005
Four out of five Canadians expect the prices of homes in their communities to increase over the next year, and slightly more than half believe that now is a good time to buy a home, according to a survey from Genworth Financial Canada.
"Fortunately, low down payment mortgages with mortgage insurance make it possible to make a smaller down payment and get into homes sooner even as prices rise."
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September Market Review |
Category: Real Estate News
September 9th, 2005
Mortgage terms of more than five years are starting to look attractive to a lot of people.The Bank of Canada announced that it is raising its key overnight rate. For those of you with a variable rate mortgage, your interest rate will also be rising by 0.25%. Given that the Bank of Canada seems poised to narrow the gap between U.S. and Canadian interest rates the benefit of a variable rate mortgage will be short lived....
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July market review |
Category: Real Estate News
July 28th, 2005
The Bank of Canada has announced it will hold its overnight rate steady at 2.50%. The overnight rate has been at 2.50% since October 2004, but the Bank left no doubt that its intention is to raise rates in the coming months.
If your cash flow is tight, a long term mortgage is worth serious consideration.
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