Olsen, Connie, to Stewart, Andrew, 1930 Division St., Camas, 98607, Rambler, $180,000, Oct. 31.
Madison, William, to Ayers, Cheryl, 1014 W. 19th St., Vancouver, 98660, 1.5 story, $180,000, Oct. 27.
Routtu, David, to Vercoe, Samuel, 602 N.W. 68th St., Vancouver, 98665, ranch, $180,000, Oct. 29.
Nordin, Aleta, to James, Diana, 5124 N.E. 76th Ave., Vancouver, 98662, common wall, $179,900, Oct. 16.
Stephens, Arron, to Cooper, Allyson, 2643 Rossiter Lane, Vancouver, 98661, 2 story, $179,900, Oct. 16.
Watts, Yona, to Wolk, Jason, 9501 N.E. 80th Ave., Vancouver, 98662, ranch, $179,900, Oct. 16.
Sparhawk, Bessie, to Zack, Dean, 2602 E. 25th St., Vancouver, 98661, ranch, $179,900, Oct. 17.
Wednesday, November 26, 2008
Tuesday, November 25, 2008
Apartment investors suffer credit squeeze
VANCOUVER - Sales of rental apartment buildings in Lower Mainland collapsed earlier this year in the credit squeeze and haven't recovered as 2008 winds down, according to research from a major commercial realtor.
Avison Young Commercial Real Estate tracked 76 building sales worth $270 million up to November, down 50 per cent from the 153 sales worth $519 million made in all of 2007.
Buyers and sellers in the market are "now [in] a standoff" over prices, according to Avison Young principal Rob Greer said, with listings on the rise and credit for investors running tight.
Wednesday, November 19, 2008
Economic Turmoil Keeping Canadian Homebuyers on the Sidelines
Ottawa - Buying a house can be enough to cause night sweats and jangled nerves at the best of times. For most people, it's the single largest purchase they will ever make and paying for it can take two or three decades. But the thought of buying a home in the midst of the current financial crisis seems to have been enough to scare some people right out of the market.
"Every time you turn on the television or open the newspaper you are hit with negative economic news, day after day after day," says British Columbia realtor Cal Lindberg, president of the Canadian Real Estate Association (CREA). "When consumers are not confident about their financial situation, they're not active in the housing market."
As a result, Lindberg said many buyers have simply chosen to sit on the sidelines, "waiting for the market to hit bottom."
The trouble, he said, is that just like in the stock market there's no way of knowing when prices have bottomed out and the next upswing is beginning.
"Every time you turn on the television or open the newspaper you are hit with negative economic news, day after day after day," says British Columbia realtor Cal Lindberg, president of the Canadian Real Estate Association (CREA). "When consumers are not confident about their financial situation, they're not active in the housing market."
As a result, Lindberg said many buyers have simply chosen to sit on the sidelines, "waiting for the market to hit bottom."
The trouble, he said, is that just like in the stock market there's no way of knowing when prices have bottomed out and the next upswing is beginning.
Tuesday, November 11, 2008
Real Estate In Victoria BC - Victoria vs Kelowna
Just about every one you talk to has an opinon about real estate and the stock market. What is it going to do, up, down or sideways. It seems like every one has a crystal ball. A recent article in kelownaCapNews.com takes a look at some peoples opinons. It reads:
While blue skies and picturesque lakes certainly drew people to this valley, its postcard-perfection hasn’t been enough to stave off the effects of worldwide economic trouble.
The first signs came when water-cooler talk changed from estimating real estate gains to lamenting losses in retirement plans and higher costs for just about everything.
Legitimate concerns about the state of the economy made consumers nervous and more thrifty, despite assurances of “strong economic fundamentals” from Canada’s economists and political leaders.
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