Don Kennedy (www.donkennedyrealtor.com): HomeBlog

Vancouver west condo market

December 11th, 2015

15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Posted in Vancouver Market

Vancouver east condo market

December 11th, 2015

15 November statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release heralds last month as being far from its annual definition of lethargy and actually recording the second most active November ever in Metro Vancouver. November 2015 compared to the previous November residential sales post an increase of 40.1 percent. The inventory of ...

Posted in Vancouver Market

The effect on BC of down payment jump

December 11th, 2015

BCREA ECONOMICS NOWCanadian Government Change to Minimum Down Payment on Insured Mortgages - December 11, 2015Policy ChangeThe Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an addition ...

Posted in British Columbia

BCREA Mortgage Rate Forecast

December 10th, 2015

BC Real Estate Association's latest Mortgage Rate Forecast has been released.The highlights include:Qualifying rate steady but offered rates moving higher Canadian economy bounces back from first half contraction Bank of Canada moves to the sidelines in 2016 Mortgage Rate Forecast 15 12

Posted in British Columbia

Did interest rates just change?

December 7th, 2015

BCREA ECONOMICS NOWBank of Canada Interest Rate Decision - December 2, 2015The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is in line with its outlook with total CPI inflation near the bottom of the Bank's 1 to 3 per cent target range while core inf ...

Posted in General

2016 BC housing forcast

November 10th, 2015

Housing Demand to Ease but Remain Elevated in 2016BCREA 2015 Fourth Quarter Housing Forecast Vancouver, BC – November 10, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 Fourth Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are projected to surpass 100,000 units this year. This level of home ...

Posted in British Columbia

High housing demand is province wide

November 10th, 2015

Robust Housing Demand Continues in October Vancouver, BC – November 12, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 8,725 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, up 14.1 per cent from the same month last year. Total sales dollar volume was $5.8 billion, up 32.3 per cent compared to the previ ...

Posted in British Columbia

Vancouver west detached analysis

November 7th, 2015

October statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The invento ...

Posted in Vancouver Market

Vancouver east detached analysis

November 7th, 2015

October statistics Attached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The inven ...

Posted in Vancouver Market

Vancouver west townhouse analysis

November 7th, 2015

October statisticsAttached please find the latest statistics from the Greater Vancouver Real Estate Board.The News Release indicates that as autumn progresses the upward pressure on value remains unabated. The lowest fall inventory in five years is forcing eager home buyers to make ever increasing offers. Last month compared to October 2014 residential sales increase 19.3 percent. The invento ...

Posted in Vancouver Market

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Vancouver west condo market

Vancouver east condo market

The effect on BC of down payment jump

BCREA Mortgage Rate Forecast

Did interest rates just change?

2016 BC housing forcast

High housing demand is province wide

Vancouver west detached analysis

Vancouver east detached analysis

Vancouver west townhouse analysis

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