http://www.vancouversun.com/business/real-estate/Home+prices+rise+more+than+expected/4527836/story.html

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http://www.vancouversun.com/business/real-estate/Many+Canadians+looking+buying+properties/4502793/story.html

Vancouver remains one of the most expensive cities’s to live, where couples, families or singles need up to 70 per cent of their incomes to even just get into this strong housing market, however, this shouldn’t be a complete surprise to Vancouverites soon after inviting the world to our door-step, as the Olympics have come and gone, with great success, and huge expense. Vancouver becomes an elite choice for those who value lifestyle choices. This happened on a smaller scale back in ... Full Article...

Tricia Leslie recently wrote an article for New Local Home.com; " Vancouver's red-hot real estate market  has reached a costly landmark, with the average price od a detached home reaching $1 million mark for the first time ever!" Last month, more than 1,300 single detached homes were sold in Metro Vancouver for a grand total of 1.3 billion. This puts the average sale price of a detached Vancouver-area home at slightly more than $1 million, something B.C. Real Estate Association chief economist ... Full Article...

Its spring time in beautiful Vancouver, fresh off the tremendous success of the Olympics, looks like a lack of inventory in the housing market will be the greatest challenge across Canada, according to the ReMax Market Trends Report 2010. Canadian buyers have been busy, and with the harmonized sales tax on it's way in B.C. and Ontario, tighter lending criteria , and interest rates expected to only go higher, homebuyers will likely get busier leading into this summer." Affordability is the catal ... Full Article...

CREA President Dale Ripplinger reports that housing sales in Canada, led by British Columbia, will rise sharply to a new record high during the first half of 2010 before higher interest rates and the harmonized sales tax kick in. CREA forecasts national activity will reach 527,300 units in 2010, up 13.3% from 2009. This would represent a new annual record, standing 1.2% above the previous peak in 2007. Low interest rates are ecpected to boost housing demand in the first half of the year, result ... Full Article...

Hello again! Here is some important information concerning purchasing real estate in Canada. Canadian Finance Minister Jim Flaherty intends to strengthen housing financing by requiring 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. This requirement will help Canadians prepare for higher interest rates in the future. He will lower the maximum amount Canadians can withdraw in refinancing their m ... Full Article...

Vancouver has announced a fantastic new program called Laneway Housing. Check the site at www. Vancouver.ca/ecodensity This program was adpoted in July 2009, if your home is in the areas the city has granted (check web site) and has the appropriate zoning RS1, RS5 and your home has a lot 33' wide and an open lane access you can apply! This is great news for families, investors wanting to add a secondary, source of living for say a relative, office space and parking. On a 33'ft lot you could add ... Full Article...

As BCREA chief economist Cameron Muir states, " As Olympic athletes from around the world prepare to go for gold at the 2010 Winter Games, the B,C, Real Estate Association is anticipating a 'silver" housing market for 2010. Personally, this sounds quite good for our local Vancouver market, as a retired professional basketball player in Europe, there were many times myself and my teammates, and coaches finished 2nd. We all want to win however, someone has to be second. Although residential sales ... Full Article...