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Vancouver Real Estate Realtor Russell Sharp 

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Vancouver Real Estate News

 
Friday, April 11, 2014

Days of $600,000 Houses for sale in Vancouver are over

Real-estate sales are up, housing starts are up, and experts believe the era of $599,000 homes in Vancouver is probably over.

A flurry of publicity arose when a 600-square-foot renovated home at 2622 Clark Dr. was recently listed for $599,000 — Vancouver’s cheapest detached home — with a pending offer now in place.

Next in line in the affordability sweepstakes was a $628,000 listing...

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Vancouver Real Estate Realtor
Thursday, April 3, 2014

Vancouver Home Sales Stable in March 2014

March home sales in Greater Vancouver outpaced last year’s total yet lagged the region’s historical average for the month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded...

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Vancouver Real Estate Realtor
Tuesday, April 1, 2014

Vancouver Real Estate 52% Rented and great for Investment Property ownership

VANCOUVER — Renting a place may be the last, best real estate bargain in Vancouver, and a majority of the city’s residents are taking full advantage.

 

With unaffordable house prices in the region getting all the attention, it’s easy to forget that 52 per cent of Vancouverites rent.

 

This is in contrast to national averages showing only 30 per cent of Canadians rent while...

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Vancouver Real Estate Realtor
Wednesday, March 26, 2014

Fears of Vancouver Real Estate bubble bursting are unfounded

Fears that a housing bubble is brewing in Canada are overblown, according to a new report by the Conference Board of Canada. 

 

While house prices may be headed for a modest decline in some markets, there is no bubble to pop, the report says.

As the price of homes continues to rise, low interest rates and low mortgage rates are keeping affordability at reasonable levels, according to the report....

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Vancouver Real Estate Realtor
Tuesday, March 18, 2014

February sales in Vancouver Real Estate edge lower in February 2014

 

Vancouver, BC – March 14, 2014. The British Columbia Real Estate Association (BCREA) reports that a total of 5,578 residential sales were recorded by the Multiple Listing Service® (MLS®) in February, up 24.9 per cent from February 2013. Total sales dollar volume was $3.4 billion, an increase of 43.1 per cent compared to a year ago. The average MLS® residential price in the province...

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Vancouver Real Estate Realtor
Vancouver Real Estate Realtor