March 2013
There are 6 blog entries for March 2013.
Will The New Budget Affect Real Estate in Canada
Canadians will see little new spending out of the federal government this year as it attempts to stay on target to eliminate the deficit by 2015, with even a heavily promoted focus on skills development relying on money that was previously committed. But to keep to that deficit-slaying plan the Conservative government is relying in part on booking $6.8 billion by 2018 in tax revenue now lost to tax loopholes and cheating.
The Conservatives are also leaving themselves little wiggle room if their projections are off, with next year’s budget too close to the 2015 election to allow them to bring in major cuts should they need to bring the budget back into balance.
As expected, Thursday’s budget emphasizes the need for skills development and getting
…Home Price Statistics Can Be Misleading
Home Price Statistics Can Be Misleading. Before you get excited over the latest national, regional, or local home prices as reported in the news media, wait a minute. The news reports either the average or the median (middle) home price for a given time period. And the numbers can be misleading.
In some markets, the investors moved in immediately after the crash, buying every low priced home they could find to turn them into rental properties. Before long, buyers who wanted a home priced at the lower end of their market were out of luck. At the same time, high-end buyers were starting to become active once again. And guess what that did to the average and the median in months to come? Naturally, it looked as if prices had risen. And of…Sunday is St. Patrick's Day
Vancouver Real Estate Market in February 2013
February Real Estate Market Stats in Vancouver
The Vancouver statistics report that residential property sales in Vancouver reached 1,797 on the MLS® in the month of February 2013. This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012, and a 33 per cent increase compared to the 1,351 sales in January 2012.
Last month’s sales were the second lowest February total in the Lower Mainland since 2001 and 30.9 per cent below the 10-year sales average for the month.
The President of the Real Estate Board of Greater Vancouver says that sales in February followed recent trends and were below seasonal averages, though our members tell us they saw more traffic at open houses last month compared to the previous six to eight months.
The sales-to-active-listings
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