Few weeks ago we finished out Moving Guide. Since every real estate agent wishes to deal the best properties, we decided to help all our potential clients or just random visitors to improve their homes. In upcoming weeks, we will present you Home Renovations Guide.
However, Vancouver and Toronto prices rose too far on these local markets, almost by 20 percent in some cases. Standard two-story homes in Toronto were up 13.2 per cent, rising to $562,150 while condo prices rose a more moderate 10 per cent to $317,579. In the Vancouver area, detached bungalows climbed an eye-popping 21.8 per cent to $906,045 while two-storey homes were up 19.2 per cent to $987,5000 and standard condos were up 15.7 per cent from early 2009, rising to $470,000.
The Canadian economy has created 17 900 jobs in March, continuing an upward trend that began in July 2009. The unemployment rate remained unchanged at 8.2%.
The economy shed 14,200 full-time jobs last month, while creating 32,200 part-time positions. It’s a reversal of a month earlier, when full-time jobs drove the gains, partly due to Olympic-related hiring.
The new jobs have mostly benefited the professional, scientific and technical services sector and construction and natural resources fields. Job losses were recorded in business services, transportation and warehousing, among others.
A steady influx of new listings has helped create a balanced “typical spring” housing market in the Greater Vancouver region.
Residential property sales in Greater Vancouver totaled 3,137 in March 2010, an increase of 38.5% compared to March 2009, a 4.7% increase over March 2008, and a 12.4% decrease compared with March 2007 and a 26.8% increase compared to February 2010 when 2,473 sales were recorded.
The Canadian dollar, which (as a result of the crisis) weakened during the period of 2007 to 2009 against the U.S. dollar to a level of 1.3000 CAD / USD, now progressively strengthened and successfully reached parity with its U.S. counterpart. The last time the loonie traded with the U.S. dollar at the same level was on the 22nd of July 2008. Lately, the rising prices of oil were the main factor of reaching parity. Yesterday, the Canadian currency traded at C$1.0026 per U.S. dollar at 4:25 p.m. in Toronto, compared with C$1.0027 on April 9.
While Bank of Canada keeps the rate leveled, some banks did the first step and lifted mortgage rates in Canada.
The first decade of the third millennium we have witnessed the strongest property market in 50 years. However, we believe the situation will be changed.
Chapter #7 is published. Our Vancouver Moving Guide is completed and ready to answer you your questions about moving.
The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings
Annualized growth of Canadian GDP in 2009 Q4 reached 5%, the highest result recorded since 2000 Q4. It is 1.7% more than the Bank of Canada expected.
Vancouver Homes proudly presents the sixth part of the Moving Guide, titled “How to Choose and Oversee the Work of Professionals”.
The torch is extinguished, gold medals are counted and visitors have been leaving. Are we about to expect an Olympic hangover in BC?
Decided to move on your own? In this case, read our guide. It offers hints how to schedule the process, employ your family and manage the overall stress.
If you are going to schedule a foreclosure sale you might as well do it when the world is on your doorstep – as Whistler is soon to find out.
Although Vancouver-area hotels have been booked for months by Games visitors, property owners hoping to cash in on the event are having mixed success.