metro vancouver homes for sale: Metro Vancouver Homes - The Q Report February 2009.02 - 03/09/09 01:50 AM
www.AlphonseQ.com
Metro Vancouver Real Estate sales were down 44.6% from February 2008, but improved by 94.6% from last month, reaching the highest level in the past five months. Listings were down 25.6% from one year ago.
Detached Home prices in Metro Vancouver have fallen 14.2% from February 2008, to an average benchmark price of $653,452. Listings available for sale were down 24.1%. The number of detached homes sold in February was down 40.6% from one year ago, but up 102.1% from last month.
Townhouse prices in Metro Vancouver fell by 9.7% in the past twelve months, coming in at $426,268 in … (0 comments)

metro vancouver homes for sale: Home listings withdraw as sales volume slows - 02/05/09 01:53 PM
VANCOUVER, B.C. - February 3, 2009 - The first month of 2009 saw a continued reduction in the number of homes listed for sale in Greater Vancouver, while sales volumes in January were the lowest for that month since the early 1980s.The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties declined 58.1 per cent in January 2009 to 762 from the 1,819 sales recorded in January 2008.New listings for detached, attached and apartment properties declined 20.9 per cent to 3,700 in January 2009 compared to January 2008, when 4,675 new units were listed. … (0 comments)

metro vancouver homes for sale: Federal budget offers good news for homebuyers and homeowners - The "Q" Report - 01/29/09 11:21 AM
www.AlphonseQ.com
VANCOUVER, B.C. - January 29, 2009 -Yesterday's federal budget offered a number of initiatives to benefit homebuyers and homeowners in our communities.
"The housing measures tabled in yesterday's budget will go a long way to addressing local economic uncertainties, consumer confidence and the quality of life in our neighbourhoods," said REBGV president Dave Watt. "Home sales are so important to our economy. Each time a home changes hands, the transaction generates significant spin-offs and jobs because homebuyers also purchase furniture, appliances, carpeting, and numerous other goods and services related to their homes."
The federal budget announced a new First-Time Home … (0 comments)

metro vancouver homes for sale: Metro Vancouver Homes - The Q Report December 2008.12 - 01/19/09 01:43 AM
Metro Vancouver real estate sales continued their downward trend, ending 2008 at 35.2% fewer sales than last year. The number of overall listings avaialble for sale was down 8.9% this December over last. Challenges in the global economy in 2008 have brought relief from detached home benchmark prices that had rised fro $357,770 in 2001 to $648,421 in December 2008. Detached home prices have now reached levels consistent with those of mid-2006.
Detached home prices in Metro Vancouver have fallen 11.2% from December 2007, to an average benchmark price of $648,421, while listings available for sale were up 6%. The number of … (2 comments)

metro vancouver homes for sale: West Vancouver Homes - The Q Report December 2008.12 - 01/19/09 01:35 AM
West Vancouver detached home prices declined 12.8% from December of last year, reaching a benchmark price of $1,168,852. As the number of units sold in 2008 was down 38.3%, the number of detached homes available for sale fell by 4% this December over last.
Statistical source: Real Estate Board of Greater Vancouver
Published Sunday, January 18, 2009 2:38 PM by Alphonse Quenneville
www.AlphonseQ.com
 
… (2 comments)

metro vancouver homes for sale: Canadian Dollar has pros and cons - 11/12/08 01:10 PM
The "Q" Report 
The volatile movements in the value of the Canadian dollar have been breathtaking. The Canadian dollar has fallen because of the downturn, and now full recession, in the American economy. At first glance, this does not seem to follow logic. Equity & Real Estate Markets in the USA have crashed. Some American investors are being forced to liquidate their holdings (in Canadian and World Equities) and convert them back to American dollars. This movement of cash into American dollars is adding strength to the American dollar and causing other currencies to fall. This process has to, and will … (0 comments)

metro vancouver homes for sale: Volatile Canadian Dollar and Real Estate - 11/12/08 01:07 PM
The "Q" Report 
The volatile movements in the value of the Canadian dollar have been breathtaking. The Canadian dollar has fallen because of the downturn, and now full recession, in the American economy. At first glance, this does not seem to follow logic. Equity & Real Estate Markets in the USA have crashed. Some American investors are being forced to liquidate their holdings (in Canadian and World Equities) and convert them back to American dollars. This movement of cash into American dollars is adding strength to the American dollar and causing other currencies to fall. This process has to, and will … (0 comments)

metro vancouver homes for sale: Metro Vancouver Update - 11/12/08 12:55 PM
Metro Vancouver - The "Q" Report 

Metro Vancouver October year-to-date real estate sales continued to trend downward, falling 31.3% from this time last year. The number of overall listings available for sale in October has increased slightly. With a wide range of homes available for sale and moderating prices, thereʼs been a definite shift to a buyersʼ market.
Detached
home prices in Metro Vancouver have fallen

4.7% from October 2007, to an average benchmark price of $695,962. The number of detached homes sold October year-to-date fell by 34.2% from last year, while listings were up 5.9% over last October.
… (0 comments)

metro vancouver homes for sale: People are still Planning on Moving & Buying in British Columbia - 11/03/08 10:43 PM
www.AlphonseQ.com - The "Q" Report
Sales in Metro Vancouver including West Vancouver Homes and North Vancouver Homes have slowed considerably and prices have reversed.  People are still planning on buying as indicated by Ipsos Reid. A new Ipsos Reid survey shows that the number of people who intend to buy is holding steady.
Sean Simpson of Ipsos Reid says "Home purchasing intentions in Canada are relatively stable. Nationally, they are down just one percentage point from when we asked the question in January and in British Columbia they are actually up one percentage point"
Ipsos Reid says 22% of Canadians are … (0 comments)

metro vancouver homes for sale: Residential housing price decline creates buying opportunities - 11/03/08 09:34 PM
VANCOUVER, B.C. www.AlphonseQ.com  The "Q" Report
November 3, 2008 - Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008.
 The Real Estate Board of Greater Vancouver (REBGV) reports that residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 8.8 per cent between May and October 2008, resulting in a 3.9 per cent year-to-date price reduction for detached, attached and apartment properties in Greater Vancouver between Octobers 2007 and 2008. In May 2008, the overall residential benchmark price was $568,411, compared to $518,668 in October 2008.
 "Home … (0 comments)

metro vancouver homes for sale: Interesting Price Comparison - 09/12/08 12:35 AM
Canada mirrors the U.S. in that its costliest markets are primarily situated on the West Coast. Vancouver, British Columbia, tops the Canadian list, with comparable four-bedroom homes averaging $1,257,000 U.S. dollars. The most affordable studied market in Canada is Charlottetown, Prince Edward Island ($157,000). The price difference between Vancouver and Charlottetown is a stunning $1,100,000.
… (0 comments)

metro vancouver homes for sale: Bank of Canada Holds Steady on Key Interest Rate - The "Q" Report - 09/04/08 02:04 AM
 The Bank of Canada kept their overnight rate steady once again today although they appear prepared to reduce rates going forward. Falling oil and commodity prices are pointing to lower inflation and many analysts are talking about the end of the recent "commodity boom" which helped the Canadian economy but fueled inflation around the world. After the US election in November, all bets are off with respect to interest rates. While I am not predicting a jump in rates after the election early in 2009, the start of a new presidential term is typically when tough medicine is doled out to fix … (0 comments)

metro vancouver homes for sale: Metro Vancouver Homes - The Q Report July 2008.07 - 08/28/08 04:37 PM
Metro Vancouver real estate sales were down 43.9% from July 2007, while the overall number of listings available for sale rose by 24%. The market continues to rebalance as sellers face increasing competition, and buyers find much more inventory from which to choose.
Detached home prices in Metro Vancouver rose 5.4% since July 2007, reaching an average benchmark price of $753,165. The number of detached homes sold in July fell by 44.3% from one year ago, while listings were up 20.6% over last July.
Prices of Metro Vancouver townhouses have increased 5.7% in the past twelve months, reaching $473,953 in July 2008. … (0 comments)

 
Img_0715

Alphonse J. Quenneville

West Vancouver, BC

More about me…

Royal LePage Northshore

Address: 2407 Marine Drive, West Vancouver, BC, V7K 2R1

Office Phone: (604) 926-6011

Cell Phone: (604) 328-2554

Email Me

Metro Vancouver market updates including North Vancouver Homes, & West Vancouver Homes.


Links

Archives

RSS 2.0 Feed for this blog