July 2007 Sets Record For BC Home Sales

Vancouver, BC – August 16, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 44 per cent to $4.66 billion in July, compared to the same month last year. Residential unit sales increased 25 per cent to 10,447 units during the same period,Continue reading “July 2007 Sets Record For BC Home Sales”

Bank Of Canada Likely To Cut Interest Rates

Central bank tries to stabilize markets EDIT: FOR A MORE RECENT ARTICLE ON INTEREST RATES, CLICK HERE.  Failure of cash infusion to stop decline means bank will likely cut interest rates Eric Beauchesne CanWest News Service Thursday, August 16, 2007 OTTAWA — The Bank of Canada, in a new bid to reassure panicky investors, yesterdayContinue reading “Bank Of Canada Likely To Cut Interest Rates”

Buyer Preferences Changing…

For 2015, it’s inside the house that counts Homes to grow in luxury, not size, study predicts BY NANCY TREJOS The Washington Post Tvice-president for research at the builders association. Another generation, those born from 1965 to 1977, are now in their prime home-buying years. And they’re just as demanding, Ahluwalia said. “They also wantContinue reading “Buyer Preferences Changing…”

Interest Rates may decrease; at least hold.

Why might the recent turmoil in the financial markets be good for home owners and buyers? See below:  From http://lfpress.ca/newsstand/Business/2007/08/11/4409763-sun.html TORONTO — The global financial turmoil that has rocked world financial markets may have a bright side for Canadians —    it could end up keeping interest rates lower despite rising inflation, economists say. WithContinue reading “Interest Rates may decrease; at least hold.”

Victoria Real Estate Board Unveils New Web Page

I am pleased to announce the launch of the newly revamped VREB website, http://www.vreb.org. The new site offers easier access to key information and guides on buying, selling, leasing, MLS® statistics, commercial real estate and community involvement. Also: Open house information for all open houses being held on the upcoming weekend. Open house listings includeContinue reading “Victoria Real Estate Board Unveils New Web Page”

July MLS® Statistics – Victoria, BC

Summer Market Sizzles August 1, 2007 Sales of homes and other properties in the Greater Victoria area continued to show exceptional strength last month reaching the highest level for the month of July in over 15 years. There were 922 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in July, up overContinue reading “July MLS® Statistics – Victoria, BC”