Shaky days in the housing market
Filed Under Main Content · Tagged: 9 Months, Canada, Canadians, Current Rate, Decade, Globe And Mail, Globe Mail, Houses Sold, Housing Market, Pullbacks, Real Estate Board, Real Estate Board Of Greater Vancouver, Rush, Shaky Days
The Globe and Mail- After several months of small pullbacks, the number of houses sold in some of Canada’s largest markets plummeted in July. There are plenty of factors at work – most notably the rush of buyers earlier in the year who wanted to avoid new taxes in B.C. and Ontario – but the Real Estate Board of Greater Vancouver said July was one of the slowest months for home sales in at least a decade.
As prices moved higher in 2009 and 2010, many Canadians rushed to get their houses on the market. The number of houses listed has peaked just as demand cools. At the end of June, CREA said it would take 6.9 months to sell all the listed homes in Canada given the current rate of sales – the highest level since March 2009. Sellers face a choice. Take their listings down, or settle for less…
Shaky days in the housing market – The Globe and Mail
Fewer first-timers entered Lower Mainland market in 2008
Filed Under Main Content · Tagged: First Time Buyers, First Timers, Fraser Valley Real Estate, Fraser Valley Real Estate Board, Mainland Market, Nbsp, Real Estate Board, Real Estate Board Of Greater Vancouver, Valley Real Estate, Vancouver Sun
Vancouver Sun, Vancouver, BC – Some 22 per cent of buyers within the territory of the Real Estate Board of Greater Vancouver, and 26 per cent in the Fraser Valley Real Estate Board territory were first-time buyers, according to the survey conducted by the polling firm Mustel Group…
