Prices up, but may be at ‘plateau,’ report finds
Filed Under Main Content · Tagged: 1 Million, Asking Price, Capital Realty, Condominium, Condominiums For Sale, Condos, Economy, Geurts, Greater Victoria, Multiple Listing Service, Plateau, Real Estate Company, Royal Lepage, Second Quarter, Spokesman, Square Foot Condo, Times Colonist
Times Colonist- Prices moved up for Greater Victoria homes in the second quarter of this year, but the region’s high inventory is pushing down some parts of the market, a spokesman for real estate company Royal LePage said yesterday.
"Homes are generally selling below asking price, and significantly so in some condominium cases," said Carol Geurts of Royal
LePage Coast Capital Realty in Victoria.
"It appears prices may have reached a plateau for the moment, in that much of the price growth we expected for 2010 has already happened."
Condos in the lower end of the price range are most popular, while it can be more difficult to move those priced at $500,000 and up. "I think it goes back to the economy."
Yesterday, the Multiple Listing Service showed 1,001 listings for condominiums for sale in Greater Victoria. Of those, 28 were priced at $1 million and up, with the highest at $4.2 million for a 4,060-square-foot condo at Songhees…
Prices up, but may be at ‘plateau,’ report finds
Multiple-unit building declines
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Condos, Decline, Economists, Globe And Mail, Housing Starts, Single Family, Unit Dwellings
The Globe and Mail- Canadian housing starts eased 1.5 per cent in March, the first decline this year, as builders broke ground on fewer multiple-unit dwellings such as condos.
Housing starts fell to 197,300 units, on a seasonally adjusted annual basis, Canada Mortgage and Housing Corp said Monday. Economists polled by Bloomberg had pegged starts at 205,000 units in the month.
Urban multiple starts fell 15.2 per cent while single-family starts grew 6.9 per cent…
Multiple-unit building declines – The Globe and Mail
400 sq. ft. for $150,000
Filed Under Main Content · Tagged: Condos, First Time Homebuyers, Hotels, Living Space, Sq Ft, Victoria
Times Colonist- Starter condos targeting first-time homebuyers are coming on the market now that a Victoria developer is converting one of downtown’s earliest hotels into living space…
Vancouver residents cite affordability as top reason for buying condos
Filed Under Main Content · Tagged: Affordability, Bianco, Condos, Good Time, Mortgage Rates, Real Estate, Reason, Secured Lending, Vancouver Bc, Vancouver Residents, Vancouver Sun, Vice President
Vancouver Sun, Vancouver, BC – “This is a good time to explore a condo purchase given that mortgage rates are very attractive right now and many condos have dropped significantly in price,” Joan Dal Bianco, the bank’s vice-president of real estate secured lending, said in a statement…
Vancouver residents cite affordability as top reason for buying condos
