Greg Thornton & Colin Thornton        

Top 10% of Greater Vancouver REALTORS® for 29 Years ! In Listing, Sales, & Dollar Volume!


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102-2748 Lougheed Hwy, 

Port Coquitlam, V3B 6P2

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The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,760 on the Multiple Listing Service® (MLS®) in January 2014. This represents a 30.3 per cent increase compared to the 1,351 sales recorded in January 2013, and a 9.9 per cent decline compared to the 1,953 sales in December 2013.

Last month’s sales were 7.2 per cent above the 10-year sales average for the month.

“The Greater Vancouver housing market has been in a balanced market for nearly a year. This has meant steady home...

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According to US think tank Demographia, Hong Kong and Vancouver, two cities that many think are similar, have been ranked the least affordable housing markets in the world.

The survey looked at cities in Australia, Canada, Ireland, Japan, New Zealand, Singapore, the US and the UK and Hong Kong.

See Also: Vancouver vs Hong Kong: How Similar Are They?

Unlilke most international housing affordability rankings and “city” rating sources that tend to focus on higher end housing that would be demanded by executives who might transfer from one nation to another. The Demographia International Housing Affordability Survey focuses on the middle of the market, the average household.

Hong Kong was the least affordable...

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A ‘for sale’ sign is seen in front of a Calgary home in this file photo. (TODD KOROL For The Globe and Mail)

 

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The Greater Vancouver housing market maintained a consistent balance between demand and supply throughout 2013.

     

 

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.

“Home sales quietly improved last year compared to 2012, although the volume of activity didn’t compare to some of the record-breaking years we experienced over the last decade,” Sandra Wyant, REBGV president said.

Last year’s home sale total ranks as the third lowest annual total...

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Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,321 on the Multiple Listing Service® (MLS®) in November 2013. This represents a 37.7 per cent increase compared to the 1,686 sales recorded in November 2012, and a 12.8 per cent decline compared to the 2,661 sales in October 2013.

Last month’s sales were 1.2 per cent below the 10-year sales average for the month, while new listings were 1.5 per cent above the 10-year November average.

“We’ve seen steady and consistent trends the Greater Vancouver...

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BY GORDON ISFELD, FINANCIAL POST 


OTTAWA — Many Canadians appear to have come through the recession making a lot more money — and are benefiting increasingly from higher education and booming regional economies.

The most recent snapshot of the country reflects the shifting fortunes of industries during and after the global downturn, highlighting the decline of the manufacturing sector and the growing dependence on natural resources.

According to Statistics Canada’s 2011 National Household Survey, a voluntary sampling of the population that replaced the mandatory long-form census, the median income of Canadians working full-time, year-round was $47,868 in 2010.

That’s up from $41,404 in the 2005 census — based...

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Home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months.

The Real Estate Board of Greater Vancouver reports that residential property sales in Greater Vancouver reached 2,661 on theMultiple Listing Service® (MLS®) in October 2013. This is a 37.8 per cent increase compared to the 1,931 sales recorded in October 2012, and a 7.2 per cent increase from the 2,483 sales recorded in September 2013.

New listings for attached, detached and apartment properties in Greater Vancouver totaled 4,315 in October 2013. This represents a 0.2 per cent decline from the 4,323 new...

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