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The swimming pool of Coal Harbour's Three Harbour Green is seen in a handout photo provided to CTV News by the developer.

The 2010 Olympic Winter Games were solid gold for a Vancouver-based real estate developer specializing in luxury suites.

Sales of existing homes reached a record high for the month of December, according the Canadian Real Estate Association, with annual sales coming in above 2008 levels. Photograph by: Glenn Baglo, Vancouver Sun

VANCOUVER - Metro Vancouver’s real estate market warmed up considerably at the end of 2009, but likely won’t overheat as 2010 progresses, new data released Friday by the Conference Board of Canada suggests.

Vancouver’s home prices rated ‘most unaffordable’

Brian Morton Vancouver Sun 25.01.2010
Dominion Hotel, one of BC Housing's new properties in the Downtown Eastside (DTES) in Vancouver, B. C., on February 13, 2009. Photograph by: Arlen Redekop/Canwest News Service, Arlen Redekop/Canwest News Service

VANCOUVER — Vancouver is the least affordable housing market in nearly 300 metropolitan markets worldwide, according to a study released Monday.

Canadian Government Considers Measures To Cool Real Estate Market

Posting a record-breaking year-over-year sales increase for December, bigger down payments and shorter amortization periods are among the measures being considered to cool off a rapidly heating Canadian real estate market that has seen seasonally adjusted sales rise for 11 straight months. But where some see a bubble others predict that prices will begin to come down as inventory returns to the market. See the following article from Property Wire for more on this.

How To Buy Real Estate In Canada

International Property Journal 05.01.2010

Competition Bureau seeks real estate shake-up

Karen Mazurkewich Financial Post 03.11.2009
Toronto, Canada

The Canadian property purchasing process closely resembles its American counterpart, with oversight and listing information provided by the Canadian Real Estate Association. Prospective buyers should factor in taxes and fees when pricing properties, including a Goods and Services Tax on new housing, Realtor and attorney charges and costs associated with land transfer and mortgage loan coverage. See the following article from International Property Journal for more on this.

A landmark investigation by the federal Competition Bureau may dramatically change the way homes are bought and sold in Canada.

TORONTO -- A landmark investigation by the federal Competition Bureau may dramatically change the way homes are bought and sold in Canada.

B.C. real estate on an upward climb for the rest of '09

DERRICK PENNER VANCOUVER SUN 28.08.2009
This East Vancouver house, for sale at $1.27 million, has had three offers from people who've never stepped inside it. (CBC)

Vancouver has the hottest real estate market in the country, according to figures released Thursday by the Canadian Real Estate Association.

British Columbia real estate sales should continue to rise through the remainder of 2009 from last year's market fall, according to the B.C. Real Estate Association's latest forecast.

VANCOUVER — Spurred by record-low mortgage rates, provincial real estate sales should continue to rise through the remainder of 2009 from last year’s market fall, according to the B.C. Real Estate Association’s latest forecast.

Canada Adds Record Retail Space, Led by Teachers’ (Update1)

Aug. 26 (Bloomberg) -- Canadian developers added retail space at a record pace while the country’s economy went through a recession, spurred on by shoppers and investors such as the Ontario Teachers’ Pension Plan.

Stock image. Photograph by: CNS files, .

VANCOUVER — Consider first-time buyers the stone thrown into the Lower Mainland's real-estate-market pool.

In Okanagan real estate, the bliss outweighs the risks

Jane Armstrong The Globe and Mail 27.07.2009

Housing rebound 'nothing short of amazing'

ALIA MCMULLEN FINANCIAL POST 20.07.2009
Spectacular homes, million-dollar views – and the threat of raging forest fires. Why development continues to boom in the Okanagan

It was a quintessential Okanagan summer afternoon. As sunbathers lingered on the beach and boats bobbed in the water, a spectacular mushroom cloud grew in the sky, not unlike the plume that rose after the twin towers collapsed in New York.

Canadian housing markets continue to bounce back, with sales rising sharply in the second quarter, the Canadian Real Estate Association said Tuesday. Photograph by: Sean DeCory / National Post, Sean DeCory / National Post

Canada’s housing market has become so much more grounded since the ugly property bust of the last recession that this time around it is one of the most resilient sectors of the economic downturn.

Buying into real estate paradise? Do your due diligence

Fiona Anderson Vancouver Sun 17.07.2009
Vancouver’s West End still has a high ratio of rental apartments compared to other parts of the Lower Mainland, but much of it was built more than 40 years ago. Photograph by: Ian Lindsay, Vancouver Sun files

The new Vancouver city council’s first foray into rental issues turned out to be as ineffective as it was ill-advised.

Buying into real estate paradise? Do your due diligence

With the recession hitting the United States worse than Canada, and the Canadian dollar still strong, this may be a great time for Canadians to buy that sunny, tranquil getaway in the U.S. or further south. But to make sure it is tranquil, do your due diligence, just like you would at home.

Calgary's industrial real estate regaining affordability

MARIO TONEGUZZI CALGARY HERALD 17.07.2009

Buying into real estate paradise? Do your due diligence

FIONA ANDERSON THE VANCOUVER SUN 17.07.2009
Calgary's industrial real estate regaining affordability

CALGARY - Calgary’s industrial real estate market is regaining affordability for tenants and purchasers as values have been steadily declining since the beginning of 2009, says a report by Inducor Real Estate Solutions.

Want to buy into some swank resort south of the border? There may be deals out there, but take care and make sure everything is sound. Photograph by: Stuart Davis, Vancouver Sun files

With the recession hitting the United States worse than Canada, and the Canadian dollar still strong, this may be a great time for Canadians to buy that sunny, tranquil getaway in the U.S. or further south. But to make sure it is tranquil, do your due diligence, just like you would at home.

Average house prices rise

TONY WONG The Star 16.07.2009
For two months now, something of a "false boom" tied to low interest rates has triggered buyer calls that swamp realtor John Cocomile's BlackBerry.

John Cocomile can't seem to walk a few steps before his BlackBerry starts to buzz. It's another client trying to close on a home purchase.

Canada June Home Sales Rise 8.7%, Realtor Group Says (Update2)

July 14 (Bloomberg) -- Canadian sales of existing homes rose for a fifth month in June, adding to evidence that record low borrowing costs are fueling housing demand.

 
Michael Polzler, executive vice president of Re/Max Ontario-Atlantic Canada, speaks on CTV's Canada AM on Monday, July 13, 2009.

Canadian housing sales have surged in the early summer, suggesting that the national real estate market may be on the mend, says a new report from RE/MAX.

 
 

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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.