Vancouver Realty Online

We are proud to present our Westside market reports for the period running from February 22 – March 1 courtesy susankeevil.com…

Westside Vancouver Attached Report February 22 – March 1 :

The Westside neighbourhoods saw a post-Olympic recovery in supply numbers this past week with 77 new attached listings in the Westside markets (or 41% of the overall 189 new active listings over Vancouver West). Kitsilano once again posted the strongest attached supply figures with 19 new attached listings. We expect a steady increase in new listing activity after the closing of the Olympics as buyers bring their homes on the market, and short-term Olympic rental also also affect supply.

Please click HERE for the full article.

Westside Vancouver Detached Market Report February 22 – March 1

The Westside Detached market returned to pre-Olympic levels this past week after posting strong gains going into the 2010 Games. We saw 58 new detached listings on the Westside (down from approximately 80 per week in the periods prior), with Cambie and Dunbar remaining the strongest markets with 10 and 9 new listings respectively. The detached market on the Westside had been quite hot on the buyer side through the end of January and as such we saw quite a supply increase through the first two weeks of February.

Please click HERE for the full article.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 22 – March 1 courtesy susankeevil.com…

Downtown Attached Market Update February 22 – March 1 :

As the hugely successful Vancouver 2010 Olympic games come to a close we see a rebound in new listing supply with 189 new listings across Vancouver West this past week with 112 sales or 59% of overall volume falling in the downtown markets. The downtown core continued to account for roughly 50% of all solds downtown with 59 new attached listing; False Creek North grabbed the ’silver’ with 21 new attached listings.

Please click HERE for the full article.

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Federal rules tightened slightly yesterday when a new set of mortgage restricting criteria were announced in Ottawa. Finance Minister Jim Flaherty was quick to assure the media, however; that the changes were not in response to a ‘housing bubble’, but a proactive step to assure the market stays responsible…

Vancouver Sun, February 16, 2010

Federal rules introduced Tuesday to tighten mortgage requirements will squeeze the purchasing power of the average Metro Vancouver buyer by $40,000 to $50,000, market observers say.

Finance Minister Jim Flaherty, amid warnings that too many Canadians are overextending themselves to take cheap, variable-rate mortgages, said buyers who want insured high-ratio mortgages will need to meet tougher requirements.

-Derrick Penner, Vancouver Sun

Please Click HERE for the full article.

For information on how these changes may affect you, please contact Susan today at (604)970-3658.

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Vancouver Realty Online presents…

#503 189 Davie St. (V808880)

189 Davie St. “Aquarius III”. Welcome to your ‘one of a kind’ Yaletown Oasis! Spacious 2-bdrm / 2-bath with 9′ floor-to-ceiling windows, new h/w flooring, airy and wide-open floorplan, and a private, landscaped 977 sqft wrap-around patio….

Click HERE for more information.

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#2307 1199 Marinaside Crescent (V808753)

1199 Marinaside Cres. “Aquarius I”. Welcome to your stylish waterfront home just steps from Quayside Marina, David Lam Park, and world-class dining and shopping. This large 1-bdrm + den offers beautiful views from the living room….

Click HERE for more information.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 2 – February 9 courtesy susankeevil.com…

Downtown Attached Market Update February 2 – February 9 :

Listing supply rebounded slightly after sagging in the previous period with 253 new attached listings across Vancouver West (compared to 213 in the previous period). The downtown markets continued to account for roughly the same market share with 57% of all attached listing supply; we saw 145 new attached listings in the downtown neighbourhoods with the downtown core again leading the market with 60 new attached listings (though with a decreased market share of only 47%) while the West End posted the second strongest gain with 32 new attached listings, and both Coal Harbour and False Creek North also increased their listing share with 26 and 27 new listings respectively.

Please click HERE for the full article.

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