Annette Thomas

Vancouver West End and Downtown real estate specialist

"I love what I do and it shows"

  • Cell: (604) 805-5572
  • Office: (604) 684-6155
  • Fax: (604) 684-4155
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Here is some interesting information for you.
They are news items, statistical, housing and market information and reports complied from various sources including Newspapers, UBC - Sauder School, Banks, CMHC and the Real Estate Board.
 
Special Report from Scotia Bank - Canadian Mortgages are not like the U.S. September 25,2008
 
The Scotiabank group issued a global market report news release. They were receiving a lot of calls from client inquiring about risks facing Canadian housing and mortgage markets. The report contains lots of useful information and comparisons about personal debt & disposable income, home owners equity and the fundamental differences between mortgages here and in the U.S.
.
January & February 2009 Real Estate Board of Greater Vancouver MLS Sales statistics:
MLS and REBGV Statistics on the number of Homes (Houses, Duplex & townhouses, or apartments sold in February 2009 and what the median sales prices for these homes were.
Detached: homes, house. Attached: Duplex, Townhouse.  Apartment: Bachelor, condo
 
February 2009
Burnaby
New Westminster
North Vancouver
Richmond
Vancouver East
Vancouver West
West Vancouver/
Howe Sound
 
TOTALS GVRD (ALL Areas)
Feb-09
Number
of
Sales
Detached
47
10
46
69
92
100
27
 
587
Attached
46
6
12
47
17
37
0
 
243
Apartment
70
52
38
83
59
245
5
 
650
Median
Sales
Price
Detached
$657,500
n/a
$686,000
$629,000
$593,400
$1,265,000
$1,081,000
 
 
Attached
$371,500
n/a
n/a
$400,000
n/a
$580,000
n/a
 
n/a
Apartment
$292,500
$255,500
$309,500
$282,000
$275,000
$390,000
n/a
 
 
Jan-09
Number
of
Sales
Detached
29
6
12
30
42
46
22
 
292
Attached
18
5
4
13
11
14
1
 
109
Apartment
42
24
23
56
22
117
3
 
361
Median
Sales
Price
Detached
$648,000
n/a
n/a
$648,500
$634,000
$1,080,000
$1,187,500
 
 
Attached
n/a
n/a
n/a
n/a
n/a
n/a
n/a
 
n/a
Apartment
$316,000
$249,500
$278,750
$248,000
$289,500
$420,000
n/a
 
 
Jan - Feb
2009
Year to date
Number
of
Sales
Detached
76
16
58
99
134
146
49
 
879
Attached
64
11
16
60
28
51
1
 
352
Apartment
112
76
61
139
81
362
8
 
1,011
Median
Sales
Price
Detached
$649,000
n/a
$697,000
$647,000
$600,000
$1,200,000
$1,173,000
 
 
Attached
$382,500
n/a
n/a
$400,000
$479,500
$595,000
n/a
 
n/a
Apartment
$310,000
$254,500
$297,000
$261,500
$277,000
$400,000
n/a
 
 
Jan - Feb
2008
Year to date
Number
of
Sales
Detached
136
31
127
210
216
213
98
 
1,636
Attached
112
31
51
174
46
80
7
 
802
Apartment
248
117
156
265
200
690
25
 
2,057
Median
Sales
Price
Detached
$723,500
$553,000
$922,500
$705,000
$650,500
$1,570,000
$1,440,000
 
 
Attached
$460,250
$394,000
$615,100
$450,000
$510,000
$715,000
n/a
 
n/a
Apartment
$350,000
$294,500
$373,000
$324,900
$312,500
$442,500
$769,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Feb-08
Number
of
Sales
Detached
77
17
81
130
128
138
56
 
995
Attached
60
19
35
104
30
52
5
 
484
Apartment
150
63
93
144
120
413
14
 
1,197
Median
Sales
Price
Detached
$723,750
n/a
$920,000
$733,000
$651,500
$1,625,000
$1,570,000
 
 
Attached
$464,250
n/a
$595,000
$450,000
$489,950
$717,000
n/a
 
n/a
Apartment
$354,000
$286,250
$365,000
$337,500
$315,000
$443,500
n/a
 
 
 
February 2009  Coquitlam  Port Coquitlam  Port Moody/
Belcarra		 Delta - South  Maple Ridge/Pitt Meadows  Squamish Whistler/
Pemberton		  Sunshine Coast Islands - Gulf
Feb-09 Number
of
Sales		 Detached 44 34 15 22 49 8 5 20 -1
Attached 8 20 20 4 15 4 5 2 0
Apartment 41 14 15 14 10 1 1 2 0
Median
Sales
Price		 Detached $525,000 $452,500 n/a $524,500 $424,443 n/a n/a $345,500 n/a
Attached n/a $347,500 $390,000 n/a n/a n/a n/a n/a n/a
Apartment $245,000 n/a n/a n/a n/a n/a n/a n/a n/a
Jan-09 Number
of
Sales		 Detached 27 11 2 13 38 4 1 8 1
Attached 7 5 6 1 13 2 7 2 0
Apartment 32 10 10 2 11 3 6 0 0
Median
Sales
Price		 Detached $540,905 n/a n/a n/a $425,000 n/a n/a n/a n/a
Attached n/a n/a n/a n/a n/a n/a n/a n/a n/a
Apartment $255,000 n/a n/a n/a n/a n/a n/a n/a n/a
Jan - Feb
2009
Year to date		 Number
of
Sales		 Detached 71 45 17 35 87 12 6 28 0
Attached 15 25 26 5 28 6 12 4 0
Apartment 73 24 25 16 21 4 7 2 0
Median
Sales
Price		 Detached $539,900 $450,000 n/a $554,000 $425,000 n/a n/a $343,000 n/a
Attached n/a $360,000 $389,000 n/a $284,500 n/a n/a n/a n/a
Apartment $245,000 $209,850 $280,000 n/a $199,900 n/a n/a n/a n/a
Jan - Feb
2008
Year to date		 Number
of
Sales		 Detached 132 58 44 74 174 30 16 71 6
Attached 51 52 46 15 72 20 34 11 0
Apartment 112 61 56 27 59 21 18 2 0
Median
Sales
Price		 Detached $624,900 $537,500 $652,400 $631,500 $500,000 $483,500 n/a $400,500 n/a
Attached $485,000 $378,500 $435,000 n/a $325,000 $405,250 $825,000 n/a n/a
Apartment $287,500 $245,000 $320,500 $338,000 $236,500 $237,500 n/a n/a n/a
Feb-08 Number
of
Sales		 Detached 81 38 27 44 107 13 10 43 5
Attached 30 32 30 7 46 12 18 4 0
Apartment 55 30 37 16 35 12 13 2 0
Median
Sales
Price		 Detached $626,000 $553,500 $661,000 $627,000 $510,000 n/a n/a $385,000 n/a
Attached $442,500 $397,400 $428,000 n/a $326,250 n/a n/a n/a n/a
Apartment $287,900 $239,250 $316,000 n/a $245,000 n/a n/a n/a n/a
Real Estate Board of Greater Vancouver Sales Summary for January 2009
 
MLS and REBGV Statistics on the number of Homes (Houses, Duplex & townhouses, or apartments sold in January 2009 and what the median sales prices for these homes were.
January 2009
Burnaby
New Westminster
North Vancouver
Richmond
Vancouver East
Vancouver West
West Vancouver/
Howe Sound
 
TOTALS GVRD (ALL Areas)
Jan-09
Number
of
Sales
Detached
29
6
12
30
42
46
22
 
292
Attached
18
5
4
13
11
14
1
 
109
Apartment
42
24
23
56
22
117
3
 
361
Median
Sales
Price
Detached
$648,000
n/a
n/a
$648,500
$634,000
$1,080,000
$1,187,500
 
 
Attached
n/a
n/a
n/a
n/a
n/a
n/a
n/a
 
n/a
Apartment
$316,000
$249,500
$278,750
$248,000
$289,500
$420,000
n/a
 
 
Dec-08
Number
of
Sales
Detached
30
6
37
38
60
56
13
 
348
Attached
22
2
13
26
18
28
0
 
159
Apartment
44
28
24
56
69
121
6
 
417
Median
Sales
Price
Detached
$650,000
n/a
$690,000
$666,500
$583,500
$1,350,000
n/a
 
 
Attached
$442,900
n/a
n/a
$424,000
n/a
$630,000
n/a
 
n/a
Apartment
$287,250
$262,500
$327,500
$278,000
$305,000
$404,000
n/a
 
 
Jan - Jan
2009
Year to date
Number
of
Sales
Detached
29
6
12
30
42
46
22
 
292
Attached
18
5
4
13
11
14
1
 
109
Apartment
42
24
23
56
22
117
3
 
361
Median
Sales
Price
Detached
$648,000
n/a
n/a
$648,500
$634,000
$1,080,000
$1,187,500
 
 
Attached
n/a
n/a
n/a
n/a
n/a
n/a
n/a
 
n/a
Apartment
$316,000
$249,500
$278,750
$248,000
$289,500
$420,000
n/a
 
 
Jan - Jan
2008
Year to date
Number
of
Sales
Detached
59
14
46
80
88
75
42
 
641
Attached
52
12
16
70
16
28
2
 
318
Apartment
98
54
63
121
80
277
11
 
860
Median
Sales
Price
Detached
$727,000
n/a
$930,000
$666,000
$650,000
$1,425,000
$1,420,000
 
 
Attached
$454,000
n/a
n/a
$452,500
n/a
$705,000
n/a
 
n/a
Apartment
$327,500
$308,000
$387,500
$310,420
$306,750
$440,500
n/a
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Jan-08
Number
of
Sales
Detached
59
14
46
80
88
75
42
 
641
Attached
52
12
16
70
16
28
2
 
318
Apartment
98
54
63
121
80
277
11
 
860
Median
Sales
Price
Detached
$727,000
n/a
$930,000
$666,000
$650,000
$1,425,000
$1,420,000
 
 
Attached
$454,000
n/a
n/a
$452,500
n/a
$705,000
n/a
 
n/a
Apartment
$327,500
$308,000
$387,500
$310,420
$306,750
$440,500
n/a
 
 

 

January 2009
 Coquitlam
 Port Coquitlam
 Port Moody/
Belcarra
Delta - South
 Maple Ridge/Pitt Meadows
 Squamish
Whistler/
Pemberton
 Sunshine Coast
Islands - Gulf
Jan-09
Number
of
Sales
Detached
27
11
2
13
38
4
1
8
1
Attached
7
5
6
1
13
2
7
2
0
Apartment
32
10
10
2
11
3
6
0
0
Median
Sales
Price
Detached
$540,905
n/a
n/a
n/a
$425,000
n/a
n/a
n/a
n/a
Attached
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Apartment
$255,000
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Dec-09
Number
of
Sales
Detached
34
17
4
12
27
0
4
9
1
Attached
10
12
8
2
6
2
7
3
0
Apartment
23
13
10
7
11
3
1
1
0
Median
Sales
Price
Detached
$612,450
n/a
n/a
n/a
$413,850
n/a
n/a
n/a
n/a
Attached
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Apartment
$235,000
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Jan - Jan
2009
Year to date
Number
of
Sales
Detached
27
11
2
13
38
4
1
8
1
Attached
7
5
6
1
13
2
7
2
0
Apartment
32
10
10
2
11
3
6
0
0
Median
Sales
Price
Detached
$540,905
n/a
n/a
n/a
$425,000
n/a
n/a
n/a
n/a
Attached
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Apartment
$255,000
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Jan - Jan
2008
Year to date
Number
of
Sales
Detached
51
20
17
30
67
17
6
28
1
Attached
21
20
16
8
26
8
16
7
0
Apartment
57
31
19
11
24
9
5
0
0
Median
Sales
Price
Detached
$620,000
$518,000
n/a
$652,000
$480,000
n/a
n/a
$411,000
n/a
Attached
$488,000
$332,500
n/a
n/a
$318,000
n/a
n/a
n/a
n/a
Apartment
$284,500
$245,750
n/a
n/a
$218,950
n/a
n/a
n/a
n/a
 
 
 
 
 
 
 
 
 
 
 
 
Jan-08
Number
of
Sales
Detached
51
20
17
30
67
17
6
28
1
Attached
21
20
16
8
26
8
16
7
0
Apartment
57
31
19
11
24
9
5
0
0
Median
Sales
Price
Detached
$620,000
$518,000
n/a
$652,000
$480,000
n/a
n/a
$411,000
n/a
Attached
$488,000
$332,500
n/a
n/a
$318,000
n/a
n/a
n/a
n/a
Apartment
$284,500
$245,750
n/a
n/a
$218,950
n/a
n/a
n/a
n/a

 

Here are the latest 5 years real estate housing price charts for 2003-2008
 
GVRD - Burnaby, Coquitlam, Port Coquitlam, Delta, New Westmister, North Vancouver, Vancouver West, Vancouver East, Richmond, West Vancouver 2003-2008 real estate housing prices.  
5 yrs Vancouver area real estate Price comparison chart for 2004-2008
 
Vancouver Westside and Downtown 5 years resale price history for 2004-2008. Coal Harbour, West End, Downtown, False creek north, Kitsilano and Fairview
5 yrs Vancouver real estate price comparison for apartment/condos 2004-2008
 
 
November & December Real Estate Board of Greater Vancouver MLS Sales statistics for houses, townhouses and condominiums.
 
December 2008 Burnaby New Westminster North Vancouver Richmond Vancouver East Vancouver West West Vancouver/
Howe Sound		   TOTALS GVRD (ALL Areas)
Dec-08 Number
of
Sales		 Detached 30 6 37 38 60 56 13   348
Attached 22 2 13 26 18 28 0 159
Apartment 44 28 24 56 69 121 6 417
Median
Sales
Price		 Detached $650,000 n/a $690,000 $666,500 $583,500 $1,350,000 n/a  
Attached $442,900 n/a n/a $424,000 n/a $630,000 n/a n/a
Apartment $287,250 $262,500 $327,500 $278,000 $305,000 $404,000 n/a    
Nov-08 Number
of
Sales		 Detached 23 11 32 27 44 25 20   322
Attached 25 2 15 23 10 14 4 142
Apartment 61 42 30 34 38 131 5 410
Median
Sales
Price		 Detached $635,000 n/a $749,000 $620,000 $625,000 $1,289,000 $1,400,000  
Attached $421,000 n/a n/a $385,000 n/a n/a n/a n/a
Apartment $310,000 $275,000 $285,000 $283,000 $307,500 $390,000 n/a    
Jan - Dec
2008
Year to date		 Number
of
Sales		 Detached 755 215 828 1,122 1,295 1,033 460   9,237
Attached 668 127 308 829 313 512 49 4,400
Apartment 1,372 769 728 1,435 1,127 3,498 135   10,989
Median
Sales
Price		 Detached $720,000 $549,000 $875,000 $715,000 $670,000 $1,460,000 $1,464,500  
Attached $437,000 $393,000 $585,000 $455,000 $515,000 $709,000 $920,000 n/a
Apartment $327,500 $285,000 $365,000 $310,920 $315,000 $435,000 $715,000    
Jan - Dec
2007
Year to date		 Number
of
Sales		 Detached 1,332 332 1,142 1,798 2,159 1,745 745   14,795
Attached 1,055 118 453 1,495 471 814 62 6,799
Apartment 2,017 996 1,145 2,056 1,641 5,605 205   16,456
Median
Sales
Price		 Detached $685,000 $539,900 $805,000 $660,000 $638,900 $1,365,600 $1,400,000  
Attached $412,000 $374,500 $563,500 $423,950 $483,750 $672,500 $1,140,000 n/a
Apartment $314,895 $268,250 $345,000 $286,700 $290,000 $420,000 $676,000    
Dec-07 Number
of
Sales		 Detached 58 12 47 107 98 56 27   679
Attached 58 7 21 52 22 41 4   317
Apartment 114 63 66 118 107 275 8   901
Median
Sales
Price		 Detached $675,000 n/a $866,000 $685,000 $658,500 $1,444,000 $1,450,000    
Attached $438,250 n/a $609,000 $450,500 $506,500 $677,500 n/a   n/a
Apartment $321,000 $295,000 $420,000 $296,000 $305,000 $468,000 n/a    
October & November Real Estate Board of Greater Vancouver MLS Sales statistics
 
November 2008 Burnaby New Westminster North Vancouver Richmond Vancouver East Vancouver West West Vancouver/
Howe Sound		   TOTALS GVRD (ALL Areas)
Nov-08 Number
of
Sales		 Detached 23 11 32 27 44 25 20   322
Attached 25 2 15 23 10 14 4   142
Apartment 61 42 30 34 38 131 5   410
Median
Sales
Price		 Detached $635,000 n/a $749,000 $620,000 $625,000 $1,289,000 $1,400,000    
Attached $421,000 n/a n/a $385,000 n/a n/a n/a   n/a
Apartment $310,000 $275,000 $285,000 $283,000 $307,500 $390,000 n/a    
Oct-08 Number
of
Sales		 Detached 41 9 55 49 73 52 19   493
Attached 36 5 13 34 21 21 -1   224
Apartment 81 43 47 91 39 199 11   647
Median
Sales
Price		 Detached $655,000 n/a $815,000 $684,000 $640,000 $1,272,500 n/a    
Attached $425,000 n/a n/a $420,000 $472,000 $749,000 n/a   n/a
Apartment $310,000 $250,000 $350,000 $253,750 $314,000 $408,500 n/a    
Jan - Nov
2008
Year to date		 Number
of
Sales		 Detached 725 209 791 1,084 1,235 977 447   8,889
Attached 646 125 295 803 295 484 49   4,241
Apartment 1,328 741 704 1,379 1,058 3,377 129   10,572
Median
Sales
Price		 Detached $721,500 $550,000 $880,000 $715,000 $675,000 $1,460,000 $1,480,000    
Attached $437,000 $393,000 $586,450 $456,000 $516,500 $715,000 $920,000   n/a
Apartment $328,000 $288,000 $365,000 $312,694 $315,000 $438,000 $725,000    
Jan - Nov
2007
Year to date		 Number
of
Sales		 Detached 1,274 320 1,095 1,691 2,061 1,689 718   14,116
Attached 997 111 432 1,443 449 773 58   6,482
Apartment 1,903 933 1,079 1,938 1,534 5,330 197   15,555
Median
Sales
Price		 Detached $685,000 $538,500 $803,250 $659,900 $638,000 $1,360,500 $1,400,000    
Attached $409,500 $374,000 $560,000 $423,000 $482,500 $673,000 $1,085,000   n/a
Apartment $313,000 $268,000 $343,000 $285,000 $290,000 $419,500 $682,500    
 
Nov-07 Number
of
Sales		 Detached 115 28 87 108 150 115 56   1,047
Attached 76 16 35 107 39 56 6   540
Apartment 160 80 99 159 99 433 18   1,276
Median
Sales
Price		 Detached $687,000 $509,000 $860,000 $669,000 $668,950 $1,501,000 $1,342,500    
Attached $405,000 n/a $603,000 $452,000 $510,000 $694,900 n/a   n/a
Apartment $320,000 $282,000 $359,450 $297,000 $298,900 $458,000 n/a    
Bank of Canada Interest rates January 2008 to December 2008

 

Bank of Canada interest rate graph from Augustl 2007 to Sep 3 2008 with prime lending rates.Source: Ban
 
Canada Residential sales Units and Volumes January 2007 to July 2008 - units sold and dollar volume
Residential real estate units sold and dollar volume Canada Jan 2007 to 31 july 2008
 
Survey of Canadian House Prices Second Quarter 2008 Average House Prices
 Survey of Canadian House Prices Second Quarter 2008 Average House Pricesf Canada
RBC (Royal Bank of Canada) Economic research
Here is another great resource for information on the Vancouver, major cities, provincial and Canadian economic research.
 
Housing Affordability Q3 2008:
RBC housing affordability for Canada, provinces, BC, major cities incl Vancouver and across Canada
Housing affordability across Canada including major cities such as Toronto and Vancouver - condo/apartment affordability Q3 2008
 
To read the full report go to the RBC December 2008 Housing affordability report
 
Sales information for Vancouver Westside.
Below are graphs showing median prices in sub-areas of Vancouver such as West End, Downtown, Coal Harbour, Dunbar, Shaunessy, Kitsilano and others for condos, townhouses and all residential housing.
 
The market statistics are for the years 2003, 2004, 2005, 2006 and 2007 median sales prices.
Condo 5 years price graph
 
Westside adn Downtown condo 2003 - 2007 Price graph
 
Townhouse 5 years Price Graph 2003-2007
  Vancouver Westside and Downtown townhouse median price graph for 2003 - 2007
 
Residential homes price graph for 2003-2007
 
Vancouver Westside and Downtown residential homes price graph for 2003 - 2007
 
 
On January 21, 2008, I listened to a very interesting presentation from Richard Sam who is a market analyst with CMHC. It covered a broad spectrum of topics and was very insightful. Here are some of his comments from my notes
----------------------------------------------------------------

Mortgage Rate Outlook

  • Short term there will be some interest adjustments lower but they could be raised towards the end of the year
  • Bonds and Mortgage (Prime) Rate normally follow a parallel path and at the moment they are diverging with Bonds lower and mortgage rate going higher – this is unusual.  

5yrs Mortgage & Bonds rates 1997-2008F

Unemployment

  • The current unemployment rate in BC is 4.2%
  • There are still labour shortages is certain areas
  • Anticipate a slight slow down which will be moderate and has been anticipated
  • Wages have kept pace with the inflation rate approx. for the past 2 years, not with the actual cost of living

Labour Market Tightness in Greater Vancouver

Migration

  • There are approx. 10,000 migrations into BC at present from other provinces (annual)
  • There is also approx. 40,000 immigrants coming to BC annually

Consumer confidence

  • Vancouver & BC growth outpaces National Average

Vancouver & BC Growth outpaces National Average

  • Comfortable with jobs
  • Major purchases are a little slower

Demographics – Census 2006

  • GVRD population 2,116,581 (increased 6% since last census)
  • 55-65 & 65-75 will have the biggest growth in the coming years especially 2010 & 2012

CMHC GVRD Population Growth by Age Group

  • June 2007 report – 8% intend to buy a new home

37% 1st time buyers

60% Repeat

            - 57% moving up

            - 10% relocating

            - 35% downsizing

            Boomers want to do things differently than their parents!
Resale Market
  • Lower spread Active lists to Sales
  • Ratio of Active/Sold shows that it is still a sellers market – should keep moving to a more balanced market (this does not mean down but more inventory)
  • Sales are stable (money wise 2007 was greater than 2006 and will continue to hold it’s own as prices go up) there were 38,000 units sold 2007 – estimate for 2008 is 36,000
  • City of Vancouver is using it’s eco-density plan to ensure availability of homes
  • Apartments and townhouse prices continue to rise at a greater rate than houses in 2007

Downtown prices increased 12% in 2007 to an average of $539,400

Westside prices increased 12% in 2007 to an average of $945,300

Eastside prices increased 4% in 2007 to an average of $505,900

Burnaby prices increased 11% to an average of $473,800
 
Sales Activity 2007 increases Vancouver Downtown, Westside, Vancouver East, Burnaby
New Housing Starts
  • Higher starts are expected to decline over the coming years

The number of starts are being driven by Apts/TH

Land shortages and density increases are also adding to it

  • There is still lots of new buildings and projects in the Tri-cities, Surrey, White Rock and Langley
  • The absorption rate of completed units - slight upward trend

Sub Prime Market

  • What is the difference between the US and Canada?

Sub Prime         US 20% of mortgages               Canada less than 5%

Near Prime        US additional 20%                     Canada – incl. in above!

Default rates     US 13.3%                                    Canada < 0.5%

The Differences between the U.S. and Canada

  • Canadian consumers are more prudent than the US
  • Canadian speculation is at most 10-15%, in the US there is lots (no figure provided)

Conclusion:

Demand is stable

Price growth will continue to moderate
New construction is stable

 

 

In the news:
 
Vancouver Sun - Metro Vancouver real estate buoyant - Nov 7, 2007 
Vancouver Sun - Homeowners Protection Act amended - Nov 3, 2007 
Canwest - Canadian mortgage rates stay the same - Oct 17, 2007
Globe & Mail - How much is your home worth? - Oct 12, 2007
Prov - Vancouver least affordable, Sep 13, 2007
LA Times - Canada is Hot Hot Hot - Aug 19, 2007
 
Canadian Mortgage and Housing Corporation:
 
 
 
 
More information coming soon!

 

 

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     Canadian Cities Housing & Real Estate Data Site  

Data is available for house prices, single, multiple, and total housing starts, and unsold inventory.

Data Table Figure
House Prices
     Nominal House Prices
     Real House Prices
     Nominal Growth Rate
     Real Growth Rate
     Nominal Growth Rates (1985-2003)  
     Real Growth Rates (1985-2003)  
Rents
     Annual Growth
     Annual Real Growth
Vacancy Rates
Housing Starts
     Singles
     Multiples
     Total
Unsold Inventory of New Units
October 2008
CAAMP Canadian Mortgage Market Risks are contained
There has been suggestion that the Canadian mortgage and housing markets might blow-up like the US market. The Canadian association of Accredited Mortgage professionals article is interesting as it looks at the Canadian economy, Employment rates, Housing equity and the debts and mortgages of Canadian consumers.
 
5 August 2008
Government of Canada announces further steps to strengthen housing market

The Government of Canada today announced additional measures to protect the long-term stability of Canada’s housing market. These measures will increase the amount of money available to Canadians for mortgages and make mortgage insurance more transparent, understandable and affordable.

Here is the News release
 
9 July 2008
Government of Canada announces steps to strengthen housing market.
The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market
Toronto Dominion bank forecast for the BC housing market states that the risk for a real estate market correction is low. Western Canada's economic growth rate is above national averages and supports stronger relative housing demand fundamentals. BC real estate is expected to post an average gain of 9.1% this year.
To see complete article TD Don't panic on House prices
Annette Thomas
Cell:(604) 805-5572
Office:(604) 684-6155
Fax:(604) 684-4155
RE/MAX Crest Realty (Westside)
#2 - 1012 Beach Avenue
Vancouver, British Columbia
V6E 1T7 Canada
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