Real Estate News

As U.S. housing prices continue to drop or flat-line, a Canadian partnership has formed to help savvy investors capitalize on the real estate market south of the border. Through the American Homes Fund, Terrizona offers safe and easy access to real estate opportunities, starting in Arizona, the company says.

Instead of shopping around for a trustwor...

Average Performance for Housing Market in 2012

The British Columbia Real Estate Association (BCREA) released its 2012 First Quarter Housing Forecast Update today.

“Modest economic growth at home and abroad is expected to limit growth in consumer demand both this year and in 2013,” said Cameron Muir, BCREA Chief Economist.
BC Multiple Listing Service®...

SURREY, BC – According to the president of the Fraser Valley Real Estate Board (FVREB), international affordability studies regarding Vancouver are misleading because they don’t reflect the reality that homebuyers purchase more affordable homes every day in neighbouring communities. 

In Abbotsford, a local Realtor reports “About one-third of our buy...

A report from the Canadian Real Estate Association detailing the decision by the Bank of Canada to not change interest rates at this time. This is good news for real estate and home sales as continued stability is exactly what we need.

The report:

The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on January 17th, 2012. This marks t...

Vancouver, BC – January 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC climbed 14.2 per cent to $43.1 billion in 2011. A total of 76,721 homes were sold in BC in 2011, up 2.8 per cent from 2010. The average annual MLS® residential price climb...

OTTAWA – January 16, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity posted an increase from November to December 2011.Highlights:

• Sales activity rose 1.8 per cent from November to December.
• Annual activity totalled 456,749 sales in 2011, up 2.2 per cent from 2010.
• The numb...