Vancouver

Surrounded by water on three sides and nestled alongside the Coast Mountain Range, Vancouver is the largest city in the province of British Columbia with over half a million residents and one of the mildest climates in Canada. Vancouver is recognized as one of the world's most liveable cities. Home to spectacular natural scenery and a bustling metropolitan core, Vancouver was a host city to the Olympic and Paralympic Winter Games in 2010.

February 2010

Property Type Area Benchmark Price
Detached Vancouver East
Vancouver West
$729.530
$1,667,089
Attached Vancouver East
Vancouver West
$521,515
$766,053
Apartment Vancouver East
Vancouver West
$329,891
$766,053

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in the Vancouver area.

 

West Vancouver

West Vancouver, “The Waterfront Community,” is nestled on the lush south-facing slopes of the Coast Mountains on the North Shore of Burrard Inlet, in British Columbia. The Municipality spans 89 square kilometres and is bordered by Howe Sound to the west, the Capilano River to the east, the Coast mountains to the north. This picturesque community is known for its sandy beaches, seaside walks, marinas, hiking trails, ski area, and distinctive residential neighbourhoods. West Vancouver combines small-town charm with cosmopolitan amenities in several unique village business areas. The natural setting and proximity to downtown Vancouver completes desirable setting of The District.

 

February 2010

Property Type Area Benchmark Price
Detached West Vancouver $1,480,685
Apartment West Vancouver $601,381

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in West Vancouver.

 

 

North Vancouver

The City of North Vancouver is an award-winning municipality located in the heart of the North Shore. Since 1907, the City has developed into a vibrant, diverse community recognized for its high quality of life, outstanding growth opportunities and stunning natural environment.

February 2010

Property Type Area Benchmark Price
Detached North Vancouver $916,146
Attached North Vancouver $605,337
Apartment North Vancouver $384,147

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in North Vancouver.

 

 

Burnaby

Burnaby is an integral part of the Greater Vancouver region. With a population of approximately 195,000, Burnaby has evolved from a predominantly suburban, bedroom community to an urban centre in its own right serving as a regional focus for a variety of business, recreation and education activities. Occupying 92 square kilometers (37 square miles) on the Burrard Peninsula between Vancouver to the west and New Westminster and Coquitlam to the east, Burnaby's elevation ranges from sea level to a maximum of 1,200 feet atop Burnaby Mountain. Overall, the physical landscape of the city is one of hills, ridges, valleys and alluvial plain. Many natural features including two large freshwater lakes, naturally forested mountain parkland, an ocean beach, a multitude of neighbourhood parks and open space, many with fish bearing rivers and streams provide an exceptional physical environment.

February 2010

Property Type Area Benchmark Price
Detached Burnaby $774,525
Attached Burnaby $480,482
Apartment Burnaby $352,658

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in the Burnaby area.

 

 

Coquitlam

Centred in the heart of the Lower Mainland on the West Coast of British Columbia, Canada, Coquitlam is just a 30-minute drive from downtown Vancouver, BC's largest city and about 20 minutes from the US border. Coquitlam is a diverse and cosmopolitan Metro Vancouver community that provides residents with excellent access to business, employment and lifestyle opportunities.

Coquitlam is a mountainside community with unparalleled links to outdoor recreation on our many parks and trails and on Eagle and Burke Mountains. Coquitlam's City Centre, which includes civic amenities such as the Evergreen Cultural Centre and the Coquitlam City Aquatic Centre, is flanked by streams and rivers and is adjacent to the 103 acre Town Centre Park.

February 2010

Property Type Area Benchmark Price
Detached Coquitlam $719,714
Attached Coquitlam $438,954
Apartment Coquitlam $291,086

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in the Coquitlam area.

 

 

Port Coquitlam

It’s located right in the heart of the Lower Mainland, but Port Coquitlam’s natural setting and small-town feel make it feel miles away.Escape from the bustle on the Traboulay PoCo Trail, one of Port Coquitlam’s premier attractions. Visitors and locals alike use this 25-kilometre loop trail to experience nature, get some exercise and even to get around. Walk or cycle the flat 10-kilometre stretch along the Fraser and Pitt rivers, enjoying stunning views of farmland and mountains along the way. Spot the many bird species in the wetlands of Colony Farm and DeBoville Slough. You’ll see the best of the community along the trail, which traverses forest and creek, meadow and marsh, riverfront and urban development. When you’re ready for a snack and some shopping, make your way to Port Coquitlam’s historic and authentic downtown. Pick up a latté and stroll along charming Shaughnessy Street, lined with trees and shops for browsing. A variety of other services and shopping areas are a quick walk or drive away. And for a taste of some old-fashioned small-town spirit and family fun, visit Port Coquitlam during one of its many community festivals.

February 2010

Property Type Area Benchmark Price
Detached Port Coquitlam $570,303
Attached Port Coquitlam $416,616
Apartment Port Coquitlam $258,056

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in the Port Coquitlam area.

 

 

Port Moody

Situated at the end of the scenic Barnet Highway, Port Moody is just 30 minutes by car from downtown Vancouver and only 45 minutes away from Vancouver International Airport & Abbotsford International Airport. Enjoy all the attractions and excitement of the big city while staying in the peaceful intimate surroundings of our unique waterfront community.

February 2010

Property Type Area Benchmark Price
Detached Port Moody $627,141
Attached Port Moody $407,255
Apartment Port Moody $297,994

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in the Port Moody area.

 

 

Richmond

Richmond is a culturally diverse and geographically unique community centrally located on Canada's West Coast, in Metro Vancouver, 20 minutes from Downtown Vancouver, and 25 minutes from the US border. Richmond has been experiencing growth and change with remarkable speed, transforming from a rural, local community to an international city with a balance of urban, sub-urban family, and rural areas. The continuing development of the City's downtown core, and the recently completed construction of the Canada Line rapid transit system and the Richmond Olympic Oval for the 2010 Winter Games, ensures that Richmond's transformation is ongoing.

February 2010

Property Type Area Benchmark Price
Detached Richmond $878,749
Attached Richmond $510,416
Apartment Richmond $332,169

BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click here to view properties for sale in the Richmond area.

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New rules for mortgages

February 19th, 2010

REBGV

Our housing market is healthy and stable. The federal government wants to keep it this way.
On February 15, 2010, The Hon. Jim Flaherty, Federal Minister of Finance, announced changes to rules for government-backed insured mortgages. To prepare for possible higher interest rates:

• Borrowers must meet standards for a five-year fixed rate mortgage even when choosing lower interest or short term mortgages.

• Borrowers will be able to refinance up to 90% of the value of their homes instead if the current 95%.

• Borrowers buying a non-owner-occupied property for speculation will require a minimum downpayment of 20% for government-backed mortgage insurance.
These changes will take effect on April 19, 2010.

...
Click here to read more detail about 'New rules for mortgages'

Housing supply and demand reach closer alignment in January

February 2nd, 2010

Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009.

In terms of historical perspective, January ranked as an average month for number of residential housing sales over the past decade, with higher sales in January 2002, 2003, 2004, and 2006.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vanco...

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Overnight rate target rate remains unchanged

January 19th, 2010

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

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Slow start, strong finish for housing market in 2009

January 5th, 2010

VANCOUVER, B.C. - January 5, 2010 - After beginning the year at near record low sales levels, buyers' confidence
in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases
in the number of residential property sales for much of 2009.
The Real Estate Board of Greater Vancouver (REBGV) reports that total unit sales of detached, attached and apartment properties in 2009 reached 35,669, a 44.8 per cent increase from the 24,626 unit sales recorded in 2008, but a 6.3 per cent decline from the 38,050 residential sales in 2007.
The number of homes listed for sale on the Multiple Listing Service® (MLS®) in Greater Vancouver declined 15.5 per cent in 2009 to 52,869 compared to the 62,561 properti...

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Website updates

December 16th, 2009

Welcome to our brand new website. We are still working on some new features for the site, and are excited to include some of the best search technology available to help you located the perfect property. Please take a look through the site and let us know if you have any questions. Merry Christmas and Happy New Year!

Click here to read more detail about 'Website updates'