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Despite worldwide troubles, Canadian housing market grows

September 27, 2011

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 12:17 pm

OTTAWA — Canada’s housing market “remains a notable out-performer” in comparison to other countries, especially in vancouver homes, where renewed doubts about the strength of the global economy are weakening an already fragile real-estate scene, says a report released Tuesday. The Bank of Nova Scotia said in an assessment of the global housing market that high unemployment, concerns over the financial health of some European governments, signs the global economic recovery is slowing down and recent stock-market volatility are burdening […]

No bubble in Vancouver market, says economist

September 15, 2011

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 3:08 pm

B.C.’s realty market could be decreasing, but there is no indication vancouver’s sky high costs are caught up in a blister that will explode, according to a brand-new record The Central 1 Credit history Union report, which was released on Thursday, predicteds the B.C. market will slow this year and total sales will certainly go down a little from 2010, yet costs will continuously rise an approximated 6.8 per cent next year. Baseding on the record’s author economist Brian Yu, […]