If your home did not sell, you may be wondering how to get the job done.  After all, you do want to sell... right?  Now that your MLS listing has expired, if you want to revive your listing you will need the services of a full-time marketing specialist to successfully sell your home for top dollar. Listing inventory has dropped 40% as of January 1, 2009. That means supply is c ...

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 percent in September 2008 to 1,585 from the 2,776 sales recorded in September 2007.   New listings for detached, attached and apartment properties increased 28.8 per cent to 6 ...

New Market Creates Opportunity for Savvy Sellers & Buyers After record breaking units sales in 2007, listing inventory has increased and the pace of sales has gone back to normal levels. The good news overall is residential prices continued to climb. New listings for detached, attached and apartment properties have increased 24% in July 2008 compared to July 2007.** In Gre ...

Federal government rules out 40-year and zero-down mortgages Fiona Anderson, Vancouver SunPublished: Wednesday, July 09, 2008 VANCOUVER - The federal government will no longer guarantee 40-year or zero-down mortgages in an effort to avoid a housing crisis like the sub-prime mortgage meltdown experienced in the United States. In an announcement released today, the government ...

Growing supply helps stabilize market conditions. VANCOUVER, B.C. – June 3, 2008 – The Greater Vancouver housing market continued its re-balance between sales and listings last month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 30.7 per cent in May 2008 to 3,002 from the 4,331 sales recorded in May 2007. ...

Housing options broaden for buyers in February VANCOUVER, B.C.  The Real Estate Board of Greater Vancouver (REBGV) reports that residential attached, detached and apartment property sales totalled 2,676 in February 2008, a decline of 6.4 per cent from the 2,859 residential sales recorded in February 2007, and a decline of 9 per cent compared to the 2, 941 sales in February 2006. ...

New listings rise to start the New Year VANCOUVER, B.C. -- February 4, 2008 – The Real Estate Board of Greater Vancouver (REBGV) reports that residential attached, detached and apartment property sales totalled 1,819 in January 2008, an increase of 0.7 per cent over the 1,806 total residential sales in January 2007 and a 5.5 per cent decline from the 1, 924 sales recorded in January 20 ...

While the stock markets tumbled another 4.75% the other day it’s safe to say there was panic amongst investors worldwide. Interesting considering the perspective on the real estate market in Vancouver & BC in general is just the reverse.   What better place to invest than in real estate. Especially when you consider the BC real estate market…particularly Vancouver . ...

GST drops to 5%: How does this impact Real Estate? January 1, 2008, the GST drops to 5% from 6%. GST must be paid on the purchase of new construction residential property, and the GST that must be paid on substantial renovations where 90% or more of the structure has been replaced and qualifies as new property.   There is no GST charged on residential re-sale property. Therefo ...

November 28 – December 3, 2007 Get ready for the 13th Annual REALTORS® Care Blanket Drive. Between November 28th and December 3rd, participating real estate offices of the Greater Vancouver, Fraser Valley and Chilliwack & District Real Estate Boards are collecting donations for people in need of warmth this winter. The Blanket Drive is looking to collect clean blankets, tarps, sleeping bags, ...