Darlene Wenham

  • Office: (604) 858-7179
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  • Cell: (604) 793-8115
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  BCREA News
BC Home Sales Edge Lower in July
 
Vancouver, BC – August 11, 2011
 
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 12.9 per cent to 6,533 units in July compared to the same month last year. The average MLS® residential price climbed 10 per cent to $540,877 last month compared to July 2010.
 

“BC home sales edged down 4 per cent from June to July, on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Less frenetic buying activity in Vancouver operated to pull total provincial sales lower.”

  BCREA News
MORTGAGE RATE FORECAST
 
Lower for Longer
 
British Columbia Real Estate Association - September 2011 
 
Interest Rate Outlook

Market volatility over the summer and incoming data indicating very weak economic growth prompted an abrupt change in the policy stance at the Bank of Canada. Whereas just a few short weeks ago it was widely expected that interest rates were set to rise this fall, those rate hikes have been pushed out, possibly to as far as next summer.

  CREA News
CREA UPDATES RESALE HOUSING FORECAST
 

OTTAWA – August 16, 2011 – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service® (MLS®)  Systems of Canadian real estate Boards and Associations for 2011 and 2012.

Overall, sales activity and prices remained stronger than expected in the second quarter. Sales momentum was also better than expected heading into the third quarter. As a result, the 2011 national forecasts for sales activity and average price have been raised slightly.

  The Chilliwack Progress

HOUSE SALES CLIMBING

  REAL ESTATE WEEKLY
Assessment Site Gives Price Information
 
Published: Friday, January 14, 2011
 
Wonder what your neighbour's house is worth? Want to know what the value of your home is?
Since midnight on January 4, homeowners can go to the BC Assessment web page (www.bcassessment.bc.ca) and get the current assessed value of any home in the province, free.
The site also contains a map of B.C. that shows how property values have increased about 3.5 per cent in Chilliwack, 6.5 per cent in Abbotsford and 6.6 per cent in Langley City since the last assessment period.
BC Assessment database also contains non-confidential assessment information for all real property in British Columbia. The database records combine the most current ownershop information with the most recently published assessment information. Land Title Survey Plan images are also available through BC OnLine with more than 4000,000 survey plans available via the Internet.
Anyone who subscribes to the BC OnLine can access the BC Assessment database. The amount of detail required (i.e. which level of reports users choose) will determine the cost of the search. For example, you can find out the five most recent sales in a neighbourhood and actual sales values of a property for the past two years.
To obtain your registration package, call BC OnLine's province-wide toll free number: 1-800-663-6102, or visit the BC OnLine website at www.bconline.bc.ca.
  RE/MAX Recreational Property Report 2010
Economic recovery fuels significant upswing in sales in Canada’s recreational property markets, says RE/MAX.
 

Kelowna, BC   -- Serious year-over-year gains have characterized sales in most major Canadian recreational property markets this year, according to a report released today by RE/MAX.

 

The 2010 RE/MAX Recreational Property Report, highlighting sales, prices, trends and developments in close to 50 markets from coast-to-coast, found that 79 per cent of recreational areas reported an upswing in the number of properties sold during the first three months of the  year.  Starting prices for recreational product were also on the move, with 43 per cent posting a nominal increase. 

 
  RE/MAX of Western Canada

Kelowna, BC  -- Serious year-over-year gains have characterized sales in most major Canadian recreational property markets this year, according to a report released today by RE/MAX.

 

The 2010 RE/MAX Recreational Property Report, highlighting sales, prices, trends and developments in close to 50 markets from coast-to-coast, found that 79 per cent of recreational areas reported an upswing in the number of properties sold during the first three months of the  year.  Starting prices for recreational product were also on the move, with 43 per cent posting a nominal increase.  Inventory levels, with the exception of the coveted entry-level price point, were healthy and balanced market conditions prevailed in most areas.