One Percent Realty Vancouver Island

The Housing Market
CBC: The National
 

The under-the-radar changes that may soon deflate (or pop) the housing bubble: From Macleans

Ben Rabidoux is is an analyst at M Hanson Advisors, a market research firm, where he focuses on Canadian mortgage and credit trends and their implications for the broader economy. He blogs regularly about the housing market at The Economic Analyst.

The next decade for real estate in Canada will be fun ...

Market Update: Single Family homes over the past 5 years for lower Vancouver Island including the Gulf Islands

 

Despite low rates, many Canadians holding off home purchases: survey: 
from Globe and Mail

In RBC’s annual poll of Canadian homeowners, 73 per cent of respondents said they are unlikely to buy within the next two years, an increase of 2 per cent over the previous year’s survey.

A growing majority of Canadians do not intend to buy a house in the next two years, even with mortgage rates near ...

Housing market shows further signs of cooling

from the Globe and Mail

The Canadian Real Estate Association says the country’s real estate market is “stabilizing,” as it reported the sharpest slowdown in demand in almost two years.

Home sales across the country were down 4.5 per cent in January compared to December, the sharpest monthly decline since July 2010. Average prices were 2 per cent ...

National prices show first dip in a year

from the Canadian Real Estate Magazine

National prices took a rare dip downwards in November, marking a first for 2011, according to the Teranet-National Bank House Price Index.

The decline of 0.2% from October follows two months of flat price movement from the month before, and is the first decline since a brief correction in November 2010.

Of ...

Moderate growth eases concern of crash in housing market
From Globe and Mail

By RICHARD BLACKWELL

Vancouver real estate prices and boom in condominium construction remain chief sticking points

Canada's real estate market is growing at a snail's pace, reinforcing hopes the housing sector will glide to a soft landing instead of crashing.

Worries over the economy have dampened demand in some res ...

Bank chiefs sound alarm over housing market
from Globe and Mail 

Canada’s housing market is showing signs of peaking, one of the country’s biggest lenders said, as the banking sector expresses more caution about the outlook for real estate in the coming year.

The market should inevitably cool in 2012 as housing supply begins to outstrip demand, and consumer debt hovers at historic high levels ...

Home sales tumble to 11-year low 

Economic uncertainty, weakened consumer confidence behind fall
from Times Colonist 

The Greater Victoria real estate market hit the brakes in 2011, recording the lowest total number of unit sales in 11 years.

According to year-end figures from the Victoria Real Estate Board, there were 5,266 sales in the region last year, the lowest number since 4,467 sale ...