Blog by Carlo Donetti

Vancouver Real Estate prices to drop in 2013

January 8th, 2013

VANCOUVER — Vancouver's house prices could fall a further five per cent before 2013 is over, a panel of real estate experts said Tuesday.

The BMO panel, led by Sal Guatieri, senior economist, BMO Capital Markets, said tougher mortgage rules and the suspension of the federal immigrant investor program could be factors in the slowdown in Vancouver.

"Nowhere is the housing market weaker th ...

Latest Market update!

January 7th, 2013

Single-family homes have been the winners over the long-term while apartments have been struggling, an analysis of Metro Vancouver real estate statistics released last week shows.

 

B.C. Assessment released 2013 assessments on Wednesday, while the region’s real estate boards released December and year-end information on Thursday.

 

“The resource that is scarce is land,” said Tsur Some ...