Connect

Find us on...

Share on...

Dashboard

Login using...

New Search X

July 2013

Found 5 blog entries for July 2013.

  Ron A quick note to share that Gary was excellent. Service levels with all the variables that come with your industry met and exceeded my high expectations.  So you know, Jan and I drove to town…were introduced to Gary who made the right first impression. Gary never failed to stay calm, answer our many market questions and I never felt over-managed ever. A key issue for me.  I felt a measure of trust and professionalism which is why we started with your firm to begin with.  If I can ever assist your group in any way, please do not hesitate to advise.  I have included my work email for your convenience.  Best regards Jim Douglas Coast Hotels   reference May-Poole  

528 Views, 0 Comments

Vancouver, BC – July 16, 2013.The British Columbia Real Estate Association (BCREA) reports that a total of 7,196 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC in the month of June, up 5.6 per cent from June of 2012. Total sales dollar volume was 11.9 per cent higher at $3.84 billion. The average MLS® residential price in the province was $533,219, up 6 per cent from a year ago. "BC home sales rose 6.7 per cent from May, on a seasonally adjusted basis, with June being the fourth consecutive month of increasing sales activity," said Cameron Muir, BCREA Chief Economist. "Since February, home sales across the province have climbed by 23 per cent, on a seasonally adjusted basis," added Muir. On a quarterly basis, MLS®…
493 Views, 0 Comments

Average House Prices by Province

May 2013

May 2012

May 2011

National

$388,910

$375,605

$376,817

Yukon

$344,053

$381,871

$371,688

Northwest Territories

$373,454

$441,465

$350,994

British Columbia

$534,013

$519,923

$596,872

Alberta

$385,702

$374,653

$357,086

Saskatchewan

$294,414

$280,517

$268,574

Manitoba

$267,662

$256,923

$241,504

Ontario

$418,430

$403,156

$381,026

Quebec

$277,225

$274,840

$264,752

New Brunswick

$173,256

$175,466

$174,632

Prince Edward Island

$166,994

$153,137

$125,078

Nova
537 Views, 0 Comments

Current Discount Mortgage Rates

Jul 2013

Variable Rate

2.60%

1 Year

2.79%

2 Year

2.79%

3 Year

2.94%

4 Year

3.09%

5 Year

3.39%

7 Year

3.59%

10 Year

3.89%

Prime Rate

3.00%

* Rates subject to change and OAC.
 
Canadian Qualifying Rate

Jul 2013

Rate

5.14%

Source: Bank of Canada

 
Current Posted Mortgage Rates

Jul 2013

Jul 2012

Jul 2011

1 Year

3.14%

3.10%

3.50%

3 Year

3.75%

3.95%

4.35%

5 Year

5.14%

5.24%

5.39%

Source: Bank of Canada

 
Current Bank of Canada Rate & Prime Rates

Jul 2013

Jul 2012

Jul

530 Views, 0 Comments

The trend towards a balanced market has continued over the past 3 months since the end of HST. The number of sales reported for June exceeded those of the previous month and for the same month in 2012 while the total number of listing slipped slightly from the same period last year. It would appear as previously speculated that our market has stabilized and prices have ended their decline. Long term interest rates just jumped about 0.5% and our market remains very sensitive to interest rate increases which impact affordability. Further increases would be certain to slow buyers down and could upset the balance we now have again. At over 4,800 total listings there is still an abundant supply with good choices for buyers and with variable rate mortgages still…
501 Views, 0 Comments