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I have listed a new property at 207 4001 MT SEYMOUR PKY in North Vancouver.

THE MAPLES-A FAMILY RESORT-STYLE LIVING COMPLEX! A UNIQUE UNIT - C Plan-only 4 units this size in complex. 2,286 sq. ft. 5 bedrooms/4 bath townhouse & fantastic 793 sq. ft. private, outdoor patio & deck with sliding glass doors from Livingroom & Kitchen. Compares to a detached home but at a townhouse price! AND on a quiet cul-de-sac! Previously renovated eat-in kitchen with Fisher/Paykel appliances, laminate floors on main & lower level, new carpets up, freshly painted, newer blinds & renovated bathrooms. Livingroom features Fireplace, vaulted ceilings & sliding doors to patio. Upstairs offers 3 bedrooms & 2 baths (one half ensuite & one full). Lower level has walk-out to back deck, family room, bathroom with shower & 2 bedrooms (no windows) workshop & laundry room.The Maples offers a salt water pool & the perfect family community. Pet friendly complex....

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Please visit our Open House at 207 4001 MT SEYMOUR PKY in North Vancouver.
OPEN HOUSE: Thursday August 2nd 10am-12 noon & there will be cookies!

THE MAPLES-A FAMILY RESORT-STYLE LIVING COMPLEX! A UNIQUE UNIT - C Plan-only 4 units this size in complex. 2,286 sq. ft. 5 bedrooms/4 bath townhouse & fantastic 793 sq. ft. private, outdoor patio & deck with sliding glass doors from Livingroom & Kitchen. Compares to a detached home but at a townhouse price! AND on a quiet cul-de-sac! Previously renovated eat-in kitchen with Fisher/Paykel appliances, laminate floors on main & lower level, new carpets up, freshly painted, newer blinds & renovated bathrooms. Livingroom features Fireplace, vaulted ceilings & sliding doors to patio. Upstairs offers 3 bedrooms & 2 baths (one half ensuite & one full). Lower level has walk-out to back deck, family room, bathroom with shower & 2 bedrooms (no windows) workshop & laundry room.The Maples offers a...

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TORONTO -- Canadian home prices hit a third straight record high in June, but a slowdown in the pace of price increases suggested the red-hot housing market is cooling, the Teranet-National Bank Composite House Price Index showed on Wednesday.

The index, which measures price changes for repeat sales of single-family homes, showed overall prices climbed 1.2 percent in June from a month earlier. From a year earlier, the index was up 5.4 percent. But it was the seventh straight month in which year-on-year price gains slowed.

“The 11-city composite index has steadily decelerated on a year-ago basis since late 2011. We would have seen a sharper deceleration in the index if it were not for the Toronto market - which holds the greatest weight in the index,” Mazen Issa, Canada macro strategist at TD Securities, said in a note.

None of the 11 metropolitan markets surveyed showed a price decline from the month before. The same was true in May. No actual prices were given.

The producers...

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Please visit our Open House at 412 3629 DEERCREST DR in North Vancouver.
OPEN HOUSE: Sun. July 29, 2:00pm-4:00pm
THE WOW FACTOR - absolutely stunning 630 sq ft, one bedroom suite with private north-facing balcony overlooking mature trees and beautifully landscaped gardens at "Deerfield by the Sea". DARE TO COMPARE THIS INCREDIBLE PRICE - BEST VALUE ON THE NORTH SHORE! Open concept kitchen/ livingroom/diningroom. Kitchen has newer stainless steel appliances and breakfast bar - great for entertaining. Large windows and fresh designer colours adds to the airy feel of this suite while the gas fireplace gives you a cozy place to curl up in the winter. Large master bedroom will accommodate a kingsized bed. This award winning design complex includes clubhouse and equipped gym located steps to hiking trails and close to Cate's Park, Deep Cove, shopping and yes, even Starbucks. 5 mins to highway and bridges for easy downtown commute. A peaceful Whistler-like ambiance in a seaside...
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There are better indicators to glean market trends

By Tom McFeat, CBC News 

When someone asks how house prices are doing in a particular neighbourhood, the question seems easily answered.

The big real estate boards all issue monthly price reports that spell out what the average selling price was in the previous month and how that compares to the month, and the year, before.

But there's a problem with trying to divine market direction from average price data. It's just too blunt a tool.

If real estate — as the saying goes — is really about "location, location, location," then average prices frequently don’t capture the reality of what's going on in a particular city or neighbourhood.

Calculating the average house price is as simple as adding up the prices realized for all home sales in a particular month and dividing by the number of sales. The problem with that metric begins to emerge, however, when one or more parts of the housing market don't act in tandem with...

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According to Canadian Real Estate Association (CREA) statistics released this week, national resale housing activity edged lower on a month-over-month basis in June 2012, exacerbated by continued slowing in Greater Vancouver.

Sales over Multiple Listing Service (MLS) Systems in Canada eased 1.3 per cent on a month-over-month basis in June 2012. This follows a 3.4 per cent decline posted in May. CREA said national activity was down from the previous month in slightly more than half of all local markets, with Greater Toronto and Vancouver contributing most to the small decline.

"Canada's housing market lost a little altitude in June, but it's still flying pretty high," said CREA president Wayne Moen.

Actual (not seasonally adjusted) activity was down 4.4 per cent in June 2012 compared with the same month last year. This marks the first year-over-year decline in national activity since April 2011.

Gregory Klump, CREA's chief economist, said, "Home buyers didn't rush their purchases before the...

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Home sales slide
Today's home sales report from the Canadian Real Estate Association shows shifts in the markets favouring buyers or sellers.

Overall, sales slipped 1.3 per cent in June, according to CREA, though what’s more important is that sales are now down from their year-earlier levels for the first time since April of 2011. The average home price is down by 0.8 per cent from year-earlier levels

Of course, there are big regional skews here. Vancouver continues to slow, while price gains are still going strong in Toronto and Calgary. Sales in Toronto did slip month over month. On an annual basis, prices in Toronto are up 6.8 per cent, while those in Calgary are 16.7 per cent higher. Vancouver is down by 13.3 per cent.

According to the real estate group, sales fell in June in just over half of the regional markets.

"Today’s report provides more evidence that the housing market is beginning to come down to earth," said economist Francis Fong of Toronto-Dominion Bank. "The pace...

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The number of Canadian homes sold last month dropped more than four per cent from the level in June 2011, the first year-over-year decline in sales volume since April 2011, the Canadian Real Estate Association said Monday.

 

Resales of homes were also down 1.3 per cent in June from May — the second month-to-month decline — with a total of 46,444 transactions through CREA members. That was down from 48,591 in June 2011, the association said.

 

The national average home price in June was $369,339, down 0.8 per cent from the same month last year, CREA said.

 

However, CREA said its MLS Home Price Index — which the association says is a better measure because it adjusts for different types of properties sold — increased 5.1 per cent between May and June 2012.

 

Prices increased in Calgary, remained strong in Toronto and continued to slow in Vancouver.

 

"Canada's housing market lost a little altitude in June, but it's still flying pretty high,"...

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But B.C. Real Estate Association economist contends foreign investors only a small part of sales

A new commentary by the Conference Board of Canada is reigniting a debate over just how much influence China's economy has over Metro Vancouver's housing market.

Robin Wiebe, a senior economist with the Centre for Municipal Studies in Ottawa, offers the assessment in a column published by the Conference Board, warning that expectations of a slowing Chinese economy "could be considered as big a drag on the Vancouver housing market going for-ward as anything else, including the city's notoriously poor affordability."

Wiebe's view is that Vancouver's housing market has historically followed Chinese growth, with the accelerating Chinese economy over the past decade accompanied by surging Vancouver price increases.

"There is a clear correlation between Chinese immigration and real estate activity in Vancouver," Wiebe said in his column. "In fact, the Chinese immigration peak of 2005 was matched by...

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Many a child has delighted in popping a wad of Bazooka gum in their mouth, chewing vigorously, and then trying to blow the biggest bubble possible. The resulting end is inevitable – a sudden burst and then pulling the pink gum off their face.

Housing bubbles are not as much fun. But they can be just as sticky, messy and unpredictable.

Bubbles are as difficult to define as they are to spot. However here are a few definitions: Unsustainable patterns of price changes; deviations in prices that can’t be explained by fundamentals; and the mass refusal to acknowledge reason. We often don’t know with certainty that a bubble has existed until after it has burst.

The typical pattern of a housing bubble starts with price increases that are associated with euphoria as homeowners become wealthier. As wealth continues to increase, a mania may occur, and more buyers rush in as further price increases are forecast.

Eventually an event occurs – perhaps a change in government policy,...

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