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Barbara Yaffe: CMHC insists Vancouver housing market not over-valued

27. November 2014

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Say what? Vancouver’s housing market is not overvalued, but Montreal and Quebec City are at risk? This latest finding in a report this week by the Canada Mortgage and Housing Corp. makes sense when you read the fine print.

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Burnaby courts big towers near transit as an economic driver

22. November 2014

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Aggressive urban planning around SkyTrain stations in Burnaby is turning the municipality into Metro Vancouver’s hotbed for condo development, according to an Urban Development Institute report. Heavy pre-sales in projects such as Station Square at Metrotown and the redevelopment of Brentwood Town Centre added up to almost 30 per cent of all new-construction sales across Metro Vancouver, outpacing Vancouver’s downtown and west side neighbourhoods.

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Interest rate alignment drops mortgage rates slightly

21. November 2014

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As the major banks became more aligned in their five-year interest rates, the cost of borrowing to buy a home dropped to the lowest point since The Vancouver Sun started the UDI/FortisBC Housing Affordability Index, now the UDI/Vancity Housing Affordab...

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Housing affordability stays top of mind for Metro Vancouver mayors

21. November 2014

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As Metro Vancouver’s mayors and councils prepare to settle into a new term, the issue of home affordability continues to loom large, especially in Vancouver proper.

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Barbara Yaffe: Canadians more ‘house poor’ than Americans

5. November 2014

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Sky-high house prices in Vancouver and Toronto are a major reason for a recent finding by BMO Financial Group that average property prices in Canada are now, incredibly, 50 per cent higher than in the U.S. A BMO graphic reveals an average Canadian hous...

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Barbara Yaffe: Vancouver’s real estate forecast to stay hot into next year, study finds

22. October 2014

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Foreign money and a robust provincial economy will preclude any cooling of Vancouver’s red-hot property market next year, according to a major real estate study being released Wednesday. Office space is the one real-estate category where an oversupply is forecast in the city, to be accompanied by potential downward pressure on pricing.

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Fort St. John anticipates Site C real estate bump

22. October 2014

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Fort St. John’s sizzling real estate market will gain even more heat if the province approves BC Hydro’s proposed $7.9-billion Site C dam project in northeast B.C. That was the consensus Tuesday among city real estate participants as the provincial cabinet works toward a final decision on the hydroelectric development that would be built about seven kilometres from Fort St. John.

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$350-M skyscraper project proposed for Fort McMurray

11. October 2014

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A Vancouver-based company is proposing a $350-million development project that promises to forever change the face of Fort McMurray. If approved, the Golden Buffalo Centre would be constructed over three years beginning next spring and include two skys...

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Barbara Yaffe: ‘Bullish’ market for Vancouver apartment buildings

1. October 2014

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Affordable mortgage rates and low numbers of residential vacancies are making 2014 “a breakout year” for sales of apartment buildings across Metro Vancouver. The Goodman Report, a local newsletter covering multi-family investment property, notes that selling volumes have been robust, with prices per-suite in suburban Vancouver markets up 22 per cent over 2013, 13 per cent for buildings in the city.

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Edmonton wins nine awards at CHBA-Alberta annual gala

20. September 2014

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The Canadian Home Builders’ Association - Alberta presented its top prizes for 2014 Friday night, recognizing the best in the province’s residential construction industry. The annual gala, held at the Fairmont Jasper Park Lodge, saw Edmonton pick up honours in nine of the 23 categories, with Calgary taking home 10, central Alberta three and Lethbridge one. Builder of the year — large volume is Calgary’s Albi Homes, while the small-volume builder of the year is Lethbridge’s Ashcroft Master Builder. Homes by Avi went home with the award for multi-family builder of the year for its projects in Calgary and Edmonton.

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