Vancouver Realty Online

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.

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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

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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 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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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from January 25- February 2 courtesy susankeevil.com…

Downtown Attached Market Update January 25 – February 2 :

New listing numbers tailed off this past week after posting positive numbers in the two previous periods; we saw 213 new attached listings in Vancouver West this past week (compared to 273 in the previous week).  The downtown neighbourhood continued to account for just over half of the new listing supply with 114 new attached listings (down from 153 in the previous week) or 54% of total new attached supply over Vancouver West.

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 January 18 – January 25 courtesy susankeevil.com…

Downtown Attached Market Update:

New listing supply continued to trend upwards for the third consecutive week as we saw 273 new attached listings across Vancouver West (an increase over the 238 new listings in the previous period). The downtown markets accounted for only approximately 46% of this increase, however; with the Westside markets demonstrating a slightly higher degree of new listing growth; downtown we saw 153 new attached listings (compared to 137 in the previous week).

Please click HERE for the full article.

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