Vancouver Island Housing Prices Stable
Filed Under Main Content · Tagged: Decline, Vancouver Island North, Vancouver Sun, Victoria
The Vancouver Sun
Housing prices decline on Vancouver Island North of Victoria, one percent in June 2011 compared to June 2010 as well as a decrease of 1.45 percent form .
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Victoria real estate sales increasing but well off last year’s pace
Filed Under Main Content · Tagged: Decline, Economy Prices, Greater Victoria, Multiple Listing Service, Pace, Real Estate Board, Real Estate Sales, Victoria Real Estate, Victoria Real Estate Board
Times Colonist- Real estate sales in Greater Victoria increased in October compared to the previous month but remained well off the pace from a year ago.
Data released this morning from the Greater Victoria Real Estate Board showed the number of property sales sold through the Multiple Listing Service during October hit 467. That was up 18 per cent from the 395 sales in September, but a 37-per-cent decline from the 742 sales in October of 2009 as buyers remain cautious amid a recovering economy
Prices for all types of homes were also on the increase…
Victoria real estate sales increasing but well off last year’s pace
HST blamed for drop in sales across the country
Filed Under Main Content · Tagged: Adjusted Basis, Banks, British Columbia, Consumers, Decline, Existing Home, Financial Group, Housing Market, Interest Rates, July 1, Ottawa, Purchasing, Real Estate Boards, Real Estate Commission, Slowdown
Financial Post- The Ottawa-based group, which represents 100 real estate boards across the country, said July sales fell 6.8% on a seasonally adjusted basis from the previous month, a decline "almost entirely the result of fewer sales in British Columbia and Ontario," where the HST went into effect on July 1.
The slowdown had been expected as consumers rushed to buy homes before July 1 in those provinces. The HST only applies to services used in purchasing and selling an existing home, such as real estate commission, not to the actual sale price.
The housing market did get a bit of good news from some banks, which lowered interest rates this week…
HST blamed for drop in sales across the country
Housing market feels impact of HST introduction
Filed Under Main Content · Tagged: Adjusted Basis, Ahead, British Columbia, Buy Homes, Canadian Real Estate, Consumers, Decline, Existing Home, Harmonized Sales Tax, Housing Market, Implementation, July 1, Ottawa Citizen, Real Estate Association, Real Estate Commission, Sales Tax, Slowdown
Ottawa Citizen- The new harmonized sales tax introduced in British Columbia and Ontario last month had an immediate impact on the housing market, according to the Canadian Real Estate Association.
The Ottawa-based group, which represents 100 boards across the country, said July sales plunged 6.8% on a seasonally adjusted basis from a month ago, a decline “almost entirely the result of fewer sales in British Columbia and Ontario.”
The slowdown had been expected as consumers rushed to buy homes ahead of the July 1 implementation in those provinces. The HST only applies to services used in purchasing and selling an existing home, such as real estate commission, and not the actual sale price.
In British Columbia sales dropped 14.1% from a month ago on a seasonally adjusted basis and Ontario the decline was 8%. The two provinces accounted for 85% of the the change in national activity…
