Hello, I hope this finds you well and you had a good weekend, I'm glad to be back after a couple of needed days off, Please find below some important market information. In the market, recent volatility in Europe in particular Greece , Spain and Portugal has had a positive impact on borrowing rates here in Canada. Bond yields have dropped significantly in last 3 weeks as it appears nervous investors sought a safe haven in Government Bonds and gold. This happened when the direction of the glob ... Full Article...

Mortgage-rate rise means borrowers' party is almost over Without announcing last call, Canadian banks have taken the punch bowl away from the mortgage party that millions have enjoyed, and hangovers are looming.Last summer, the Bank of Canada and Federal Reserve in the United States said their overnight lending interest rates would remain near zero until at least the middle of this year. The reaction by Canadians was to buy houses with rates at historic lows, and party on. But as economies in N ... Full Article...

Homeowners rush to get renovation materials before tax credit deadline Margaret Wong’s husband, Karl, is going to install a surround tub in their bathroom — but he was blissfully unaware of it when his weekend started. His wife raced off to a Home Depot in the Edmonton area alone to buy one before the federal Home Renovation Tax Credit program ended Sunday. "He doesn’t know he’s doing it yet, but the house is 35 years old and the tub looks terrible. And he needs to keep ... Full Article...

Everyone wants a quick sale and to get the most money for their home, but many homeowners actually prevent this from happening.  The following are the most common mistakes Sellers make that cost them Thousands. Let Me Show You How to Overcome Them All! 1) Overpricing Your Home What happens when you overprice your home? Short Answer is…. it most likely will not sell and if it does sell it will sell for less money.  The period of highest interest in your property is right after your ho ... Full Article...

HOME PRICES ARE RECORDING DAILY ADVANCES "Home prices in Toronto are almost back to where they were before the financial crisis hit. Prices in September rose 1.5% from August, according to this week’s Teranet-National Bank House Price Index. It was "the smallest increase since the April bottom, but still substantial," notes report author Marc Pinsonneault, senior economist, economic and strategy team, National Bank Financial Group, in a release. "If October shows the same rise, Toronto ... Full Article...

Market Watch - June 2009 Housing Sales Continue to Trend Upward Figures released by real estate boards around the country are showing a positive upward trend in sales driven by improved affordability and less uncertainty about the future. "Home sales have bounced back from the extraordinarily low levels recorded during the winter months," said Cameron Muir, BCREA Chief Economist. "Improved affordability and less uncertainty about the future are the main factors driving home sales higher." &l ... Full Article...

News Release FOR IMMEDIATE RELEASE: Buyer activity brings greater stability to the housing market VANCOUVER, B.C. – May 4, 2009 – With more buyers and fewer homes for sale in recent months, the Greater Vancouver housing market has entered a more moderate and balanced state. For the sixth consecutive month, new listings for detached, attached and apartment properties declined in Greater Vancouver, down 33.7 per cent to 4,649 in April 2009 compared to April 2008, when 7,010 new uni ... Full Article...

News Release FOR IMMEDIATE RELEASE: 2008 brought improved housing affordability to Greater Vancouver VANCOUVER, B.C. – January 5, 2009 – The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 to $648,421 by December 2008. The Real ... Full Article...

Great deals out there Home buyers are holding back because of the economy and deals have sprung up as a result Once again the real estate market is one of the hottest conversations in town. The topic can be heard at the water cooler, in restaurants, at dinner parties and on airplanes. We talk about it because it affects us and because the correction in the market has occurred far faster than we expected. I have heard both doomsday predictions and rosy outlooks. From this, I conclude that righ ... Full Article...

Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX Recovery linked to economic stability next year Kelowna, BC (December 3, 2008) -- Global economic uncertainty weighed heavily on residential real estate activity in most major Canadian centres during the latter half of 2008. Although the forecast for 2009 promises more of the same, most markets are expected to weather the storm, says RE/MAX. The RE/MAX Housing Market Outlook for 20 ... Full Article...

Housing prices more Affordable  The recent fall in housing prices in Canada has made home ownership more affordable, and broad-based cuts to mortgage rates announced Wednesday will make that dream even more affordable.  The upside to the downside in housing prices is it has made housing more affordable, especially in some western Canadian cities, according to Desjardins Group, which reported that its index of Canadian housing affordability is "slowly but surely inching its way" back up to its ... Full Article...

Market Watch - November 2008 Housing Market Continues to Reflect Economic Times The erosion of consumer confidence that began with rising fuel prices earlier this year is continuing as the global financial crisis and volatile equity markets have many Canadian households concerned about their own finances. This is clearly reflected in the slowdown of the housing market. ALBERTA, seems to be maintaining an even keel (November 4, 2008, Edmonton, Alberta) Despite global economic unrest and uncer ... Full Article...

Residential housing price decline creates buying opportunities VANCOUVER, B.C. – November 3, 2008 – Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008. The Real Estate Board of Greater Vancouver (REBGV) reports that residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 8.8 per cent between May and October 2008, resulting in a 3.9 per cent year-to-date pric ... Full Article...

Today marks the first day of the new website. The new site offers a wealth of fresh industry information that's constantly being updated. Have a great time checking it out!