November 30, 2011
2011 REALTORS CareR Blanket Drive
THE LOWER MAINLAND’S LONGEST RUNNING BLANKET DRIVE
Annual event collects thousands of items for those in needBlanket Drive starts today video: Click here
VANCOUVER – The 17th annual REALTORS Care® Blanket Drive begins today and will run until Monday, December 5. Hundreds of real estate offices from Whistler to Chilliwack turn into donation depots for eight days as REALTORS® collect, sort and deliver donations of warm, winter clothing and blankets for distribution to dozens of local charities.
After more than five years as a Blanket Drive volunteer, Squamish REALTOR® Debbie Anderson has learned what items can have the greatest impact.
“Of course anything warm or water proof, but also things that people might not think to donate, like men’s leather belts. It’s not uncommon to see homeless folks using rope to keep their pants up. We forget they are typically a lot slimmer than we are, so size 32 or smaller belts can be really useful.”...
November 30, 2011
Vancouver’s tied for fifth among world's top cities to live
A new survey judges Vancouver to be one of the top five places to live in a world of rising social unrest and falling economic conditions.
Consulting group Mercer assesses a range of factors, including safety, infrastructure, environment, plus culture and social climate, said company principal Luc Lalonde.
In a list dominated by European cities, Vancouver netted a fifth-place tie with Dusseldorf, Germany, among 200 cities worldwide.
“We look at quite a few factors and Vancouver tends to do well across the board,” Lalonde said in an interview Tuesday.
Mercer compiles information to help multinational organizations judge where business and employees will best be placed, and whether “hardships” are a factor. Lalonde said Vancouver’s natural beauty, temperate climate, and relatively good schools, health care and low crime rates make the city an easy sell for expatriate workers.
In the Americas, Vancouver was judged to be the best place to live, followed by...
November 28, 2011
Theatre lets buyers walk through life-size home plans
Until now, virtual real estate tours meant clicking through online slide shows and videos to get a panoramic view of homes for sale.
New Westminster, B.C.'s Pilothouse Real Estate has changed all that with the launch of its In-Real Theatre technology, an immersive real-life tour that projects architectural plans on the floor in the same size and scale as a condo would be in real life. For example, if a condo totals 580 square feet, the entire area would be represented on the floor.
Viewers walking through the cavernous theatre see lines showing where the bathtub would be on the floor, closets, bedrooms and windows, all positioned exactly as they would be in the completed condo. Looking out the window openings in the plans, viewers see time-lapse photography on the walls portraying the view from that particular condo, with the views changing to reflect the location in the building and the time of day. To complete the immersion, the space is filled with the sounds and smells of the neighbourhood....
November 25, 2011
House of horrors, part 2
The bursting of the global housing bubble is only halfway through.
MANY of the world’s financial and economic woes since 2008 began with the bursting of the biggest bubble in history. Never before had house prices risen so fast, for so long, in so many countries. Yet the bust has been much less widespread than the boom. Home prices tumbled by 34% in America from 2006 to their low point earlier this year; in Ireland they plunged by an even more painful 45% from their peak in 2007; and prices have fallen by around 15% in Spain and Denmark. But in most other countries they have dipped by less than 10%, as in Britain and Italy. In some countries, such as Australia, Canada and Sweden, prices wobbled but then surged to new highs. As a result, many property markets are still looking uncomfortably overvalued.
Explore and compare global housing data over time with our interactive house-price tool
The latest update of The Economist’s global house-price indicators shows...
November 23, 2011
Canadians eye cheap Florida real estate
Joe Waddell got the best cross-border bargain of his life last year — a three-bedroom, 1,700-square-foot condo for just under $120,000 (U.S.).
The Fort Myers property is just 15 minutes from southwest Florida’s gulf beaches, within an easy drive of Miami nightlife and, better yet, about two hours from Disney World.
But Waddell, 45, his wife and 11-year-old daughter won’t actually be using their sun-and-sand getaway for a few more years.
Instead, they are among the growing ranks of Canadian “endvestors” — investors who’ve been snapping up deeply discounted bargains south of the border with the intention of renting them out until they retire.
“These are people who get it,” says Wayne Levy of Florida Home Finders of Canada, which has helped thousands of would-be snowbirds like Waddell.
“They understand that if they don’t get a foot in the water now, there’s a good chance they won’t be able to afford a second...
November 21, 2011
Buying a house? Buy a batch!
Multiple-family dwellings are being targeted as long-term, cash-flow vehicles
Volatile stock markets and minuscule returns from fixed income have investors looking at global real estate. But rather than single-family residential property, the hot ticket these days is multiple-family dwellings.
At a luncheon for financial analysts with the Edmonton CFA Society, Eric Bonnor, senior vice-president with Brookfield Asset Management in Toronto, quoted from the publication Emerging Trends in Real Estate 2012, a survey of 950 realestate executives by the accounting firm PricewaterhouseCoopers and the Urban Land Institute.
"Canadian real estate remains the most stable in North America," Bonner said. "Canadian investors fed up with disappointing stocks and lowyielding bonds sit on lots of funds, looking for long-term, cash-flowing assets like real estate, and are having trouble placing the funds that they have."
The booklet lists Toronto and Vancouver as the most attractive realestate markets in Canada,...
November 18, 2011
Home sales climb higher outside Vancouver
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 6.5 per cent to 5,865 units in October compared to the same month last year.
The average MLS® residential price was up 2.6 per cent to $535,695 last month compared to October 2010.
"B.C. home sales rose three per cent in October compared to September on a seasonally adjusted basis," said Cameron Muir, BCREA chief economist.
"While consumer demand in Vancouver edged lower last month on a year-over-year basis, strong increases were recorded in the Fraser Valley, Kamloops, Kootenay, the North and on Vancouver Island."
"Total active residential listings in the province declined by 3,360 units in October from September. However, active listings were up 6.9 per cent from October 2010," added Muir.
"Market conditions remained slightly in favour of home buyers last month."
Year-to-date, B.C. residential sales dollar volume increased 16.8 per cent...
November 17, 2011
Home sales pick up outside Metro Vancouver
Average B.C. price up 2.6 per cent year-over-year to $536,000, BCREA says
Residential sales picked up outside Metro Vancouver in October, according to a B.C. Real Estate Association report released Tuesday.
“B.C. home sales rose three per cent in October compared to September on a seasonally adjusted basis,” BCREA chief economist Cameron Muir said in a statement.
“While consumer demand in Vancouver edged lower last month on a year-over-year basis, strong increases were recorded in the Fraser Valley, Kamloops, Kootenay, the North and on Vancouver Island.”
Muir said that total active residential listings in B.C. declined by 3,360 units in October from September, although active listings were up 6.9 per cent from October 2010.
“Market conditions remained slightly in favour of home buyers last month.”
Residential unit sales in the province rose 6.5 per cent to 5,865 units in October compared to the same month last year, while the average price was up...
November 16, 2011
Canadian consumers remain bullish on real estate market
October sales highest since beginning of year
BY GARRY MARR, FINANCIAL POST
The Canadian housing market continues to defy those who have long predicted its collapse.
It was just another set of numbers, but if anything the market seemed to pick up steam with October sales across the country the best they have been since January.
The upward push caused the Canadian Real Estate Association to slightly revise its predictions for 2011. The group now says sales will be up 1.4 per cent from a year ago, instead of 0.9 per cent.
"The continuing strength of home sales activity in the face of ongoing financial volatility speaks volumes about the confidence of Canadians in our housing market," said Gary Morse, president of CREA.
Even going into 2012, CREA doesn't see much changing in the marketplace with interest rates near record lows. It's calling for a relatively minor 0.5 per cent reduction in sales next year.
The industry continues to have plenty to gloat about as annual sales have held...
November 15, 2011
What you need to know about Canada’s booming housing market
Nov 15, 2011 – 10:58 AM ET
With sales of existing homes in Canada rising in October to the highest level since January, the Canadian Real Estate Association boosted its forecast for resale activity for 2011.
The industry group released data on October sales activity as well as a revised forecast for the year on Tuesday.
National sales of existing homes increased 1.2% from the previous month, building on a gain of 2.5% in September.
A total of 397,561 resale units have traded hands so far this year, CREA said, up 1.8% from levels in the first 10 months of 2010.
Here’s what you need to know about the booming Canadian housing market:
Ontario leads the way
Third-quarter sales activity in the province was stronger than forecast, while the rest of the country came in broadly in line with expectations, the CREA said.
It was the strength of activity in Ontario that prompted the CREA to boost its annual forecast for 2011 to 1.4%, up from 0.9%.
The industry group...
Categories: $10,000 reward BCREA assault on realtor open house
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