Vancouver Realty Online

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

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

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….

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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….

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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.

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We are proud to present our Westside market reports for the period running from February 2 - February 9 courtesy susankeevil.com…

Westside Vancouver Attached Report February 2 – February 9 :

The Westside neighbourhoods posted strong sales and listing numbers for the fourth consecutive week as we move towards the Olympics with firm market share on both the sales and supply side. Vancouver West saw 253 new attached listings (up from 213 in the previous week) as a whole with the Westside neighbourhoods contributing 108 new attached listings or roughly 43% of all new supply. The University, Kitsilano, and Fairview areas demonstrated strong supply numbers with 15, 27, and 18 new attached listings respectively.

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Westside Vancouver Detached Report February 2- February 9 :

Confirmed detached sales numbers improved marginally for the second consecutive week, as we witnessed 39 confirmed detached sales this period (up slightly from 37 in the previos week). Both Dunbar and Point Grey posted weaker numbers this week, however; as both areas may be suffering a little bit from price increases combined with a few consecutive weeks of improving supply conditions. Kitsilano and South Granville both posted a sales jump and proceeded to grab a greater portion of the Westside sales share.

Please click HERE for the full article.