Richmond BC Real Estates

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This blog is about the real estate market in Richmond, Vancouver and Greater Vancouver. > Richmond detached homes, townhomes and condos/apartments for sale > Selling and buying your home in Richmond, Vancouver and Burnaby
RECENT BLOG POSTS
Globe and Mail reported on May 14, 2008: Home sellers flooded the markets in Toronto and Saskatoon last month, causing listings to surge to a record level in Canada. Unit sales dropped by 6.1 per cent from the year before, but edged up by 0.8 per cent compared with March, on a seasonally adjusted...
05/20/2008
Source: statistics from Real Estate Board of Greater Vancouver   Richmond Detached Home Housing Report - April 2008 The sales and listings statistics for Richmond in April continued to track the seasonal pattern of having more listings and sales. Over the past 4 months, more listings were added ...
05/20/2008
Eric Beauchesne, Canwest News Service  Published: Thursday, May 15, 2008" Here is a quote from Scotiabank economist Adrienne Warren "Unlike in the U.S., home prices in Canada are not substantially overvalued, the real estate market is not overbuilt, households are not over-leveraged and overall m...
05/16/2008
The Globe and Mail reported on May 05/2008: "Inflation worries will drive interest rates higher: Rubin" While the Bank of Canada may cut interest rates one more time, unrelenting pressure on food and energy prices will boost inflation over the next 12 months and force rates at least 100 basis poi...
05/12/2008
The Times: Home repossessions to double this year for mortgage defaulters Dearer mortgage costs in the log-jammed home loans market were blamed for a rise of almost 20 per cent over the past year in court orders allowing lenders to seize properties. In a further sign of the growing financial dist...
05/11/2008
  The lower sales for Richmond homes in the month of January and February 2008 can be attributed to the seasonally lower yearly real estate activities. Sales picked up from a low figure of 271 to 378 in February and reached a total sales figure of 427 in March. This compared favourably with the ...
05/04/2008
There are signs in Canada that interest rates may not stay low for long. Eventually, the pressure to tackle higher inflation will result in higher interest rates for Canadian.  With more housing inventory and slower sales, any spike up in interest rates will affect buyers sentiment. Housing inve...
05/03/2008
Recent increase in the bond yields and the spreads between shorter (1 and 2 years) and the longer term (5, 7 and 10 years) bond yields in the US and Canada may signal the return to a more normal rate differentials. Historically, the spread between the shorter 1 and 2-year mortgages and longer ter...
05/03/2008
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Mortgage market enters 'uncharted waters': Scotiabank Below is an abstract on a recent Financial Post article on 40 years mortgage and it's longterm implication to Canada's mortgage market. the  Liberalization of the Canadian mortgage-insurance market and the advent of 40-year amortizations are ...
05/03/2008
Average 2007 sales - 171 units/mth, Average 2006 sale -167 units/mth Month Active sold Absoprtion Mar/08 690 units 157 units 4.39 Feb/08 580 units 144 units 4.03 The Richmond condo market is showing a slightly longer time period to sell from 4.03 months to 4.30 months. Condo listings in Richmond...
04/27/2008
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James WongVancouver Richmond

Chinese Realtor, Vancouver > Richmond
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