The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater 2009 when 1,480 sales were recorded and a 28.6 per cent increase compared to the 1,923 sa Vancouver totalled 2,473 in February 2010, an increase of 67.1 per cent compared to Februaryles recorded i ... Full Article...

Federal Finance Minister Jim Flaherty announced that homebuyers looking to qualify for a government-backed mortgage after April 19, 2010 will need to meet three new requirements. The changes revealed this morning include:   • Require that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term.  • Lower the maximum amount Canadians can withdraw in refinancing their mortgages to 90 per cent from ... Full Article...

TheBritish Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 118 per cent to 4,619 units in January compared to the same month last year. On a seasonally adjusted basis, MLS® residential sales in the province declined 16 per cent last month compared to December 2009. “Home sales in the province eased in January as a result of waning pent-up demand and eroded affordability,” said Cameron Muir, BCREA Chief ... Full Article...

Just added this listing: "BEACH AVE on English Bay! Sleek sophisticated 2 bdrm w/exceptional contemporary fin. Open flow corner unit boasting views of the water, mountains & qu..."

The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the first quarter of 2010 today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 6 per cent from 85,028 units in 2009 to 90,100 units this year, before declining 3 per cent to 87,500 units in 2011. Higher home prices and rising mortgage interest rates will provide a constraint on home sales next year. “BC MLS® residential sales sprinted from an annualized rate of 5 ... Full Article...