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Greater Vancouver and the Fraser Valley lead Canadian market BY GERRY QUIRKE, Editor British Columbia Properties 
Greater Vancouver sales up 11.3% month on month.
December 15th, 2010 – National resale housing activity continues its return to normal levels, having risen in November 2010 for the fourth consecutive month, according to statistics released today by The Canadian Real Estate Association (CREA). |
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British Columbia Housing Market Recovers from Summer Doldrums BY JAMES MICHAEL, British Columbia Properties 
AERIAL VIEW, Vancouver Metro Real Estate.
Residential sales in the province climbed 20 per cent in November from October 2010, on a seasonally adjusted basis. Compared to November of last year, MLS® residential unit sales were down 21 per cent to 5,647 units. The average MLS® residential price rose 9 per cent to $523,394 in November compared to the same month last year. |
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Re/Max Predicts Housing Scarcity Will Mean Continued Price Rises in Major Canadian Markets for 2011 Report By LIZ HANNAH Canadian home prices should continue to rise next year, despite sales levels flattening in most major markets, said Re/Max in a report released December 2010. |  | Read more... |
British Columbia Home Sales Trend Higher By LAURA RIDLEY November 2010: On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in October from September 2010. The average MLS® residential price climbed 6 per cent to $521,859 in October compared to the same month last year. |  |
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BCREA House Price Forecast 2010/11 | Board Area | 2009 | End-2010
Forecast | End-2011 Forecast | 10% | 11% | Victoria
| $476,137 | $501,000 | $495,000 | 5.2 | (1.2) | Vancouver Island
| $316,118 | $328,000 | $326,000 | 3.8
| (0.6) | Sunshine Coast/Powell River
| $237,125 | $240,000 | $238,000 | 1.2
| (0.8) | | Greater Vancouver | $592,441 | $665,000 | $658,000 | 12.2
| (1.1) | Fraser Valley
| $425,796 | $448,000 | $446,000 | 5.2 | (0.4) | Chilliwack & District
| $296,601 | $305,000 | $302,000 | 2.8
| (1) | | Kamloops | $300,349 | $305,000 | $302,000 | 1.5
| (1) | Okanagan Mainline
| $379,711 | $392,000 | $390,000 | 3.2
| (0.5) | South Okanagan
| $314,883 | $321,000 | $318,600 | 2
| (0.9) | | Kootenay | $274,118 | $275,000
| $272,000
| 0.3 | (1.1) | Northern Lights
| $222,294
| $210,000
| $215,500
| (5.5)
| 2.4 | BC Northern
| $211,805 | $214,000
| $212,000
| 1
| (0.9) | | British Columbia Total | $465,725 | $498,500 | $495,600 | 7 | (0.6) |
Source: British Columbia Real Estate Association Housing Forecast Summary November 10th 2010 |
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BCREA Housing Sales Forecast for 2011
BCREA 
Unit sales predicted to rise in 2011.
Residential sales are forecast to decline 12 per cent from 85,028 units in 2009 to 74,950 units this year, before increasing 6 per cent to 79,700 units in 2011. BCREA Fall Forecast November 2010 |
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British Columbia Properties Vacancy Rates Drop Below 1% By GERRY QUIRKE The average apartment rental vacancy rate in all BC's major centres except for Abbotsford posted a vacancy rate below 1% in April 2008, according to the CHMC's annual report released in Jun |  |
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Gastown Benefits from $10m Historic Neighbourhood Revitalization
BY GERRY QUIRKE, Editor British Columbia Properties | Developments in Vancouver's historic areas, Gastown, Granville, Chinatown, Japantown and Strathcona, will benefit from a $10 million investment by the provincial government. |
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International Investors Will Help Drive British Columbia Property
Market For Years By GERRY QUIRKE Investment in Canada and the Canadian real estate market is increasingly international with investment across national borders. In British Columbia, and particularly in Vancouver, rapid property price rises, increased home sales and rental property investment are also affected by the growth of the Pacific Rim economies and the exponential rise in China's fortunes. All indications are that BC ought to be a good investment for years to come.
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Global Survey Shows Vancouver Prices Pale in Comparison With Other International Cities: Prices Driven by Foreign Buyer Demand
Report by LIZ HANNAH London, New York, Moscow and Dubai are outstripping downtown Vancouver's price per square foot by up to four times, prices being driven by foreign investors. | | Read more... |
BC’s Warm, Mild Climate Makes for Great Wines By LAURA RIDLEY For those who believe that Canada is all cold and wintry, British Columbia's successful wine industry may come as a surprise. 136 wineries operate 464 vineyards and covering an estimated 7500 acres across five wine regions. |  |
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National resale housing activity up in December 2010
By LIZ HANNAH
 National resale housing activity in December 2010 was slightly above average for the month of December, according to statistics released by The Canadian Real Estate Association. Read more... |
CMHC Predicts Moderated New Housing Starts in 2011
By LAURA RIDLEY
 Housing starts are expected to have continued to moderate in the last quarter of 2010. Overall, starts are forecast to stabilize at levels consistent with demographic fundamentals in 2011, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook.
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Economic News: Canadian Job Gains December 2010
STATISTICS CANADA
 Canada added 22,000 jobs in December 2010, according to Statistics Canada.
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Canada's National Rental Vacancy Rates Edge Lower
By LAURA RIDLEY
The average rental apartment vacancy rate in Canada’s 35 major centres1 decreased slightly to 2.6 per cent in October 2010, from 2.8 per cent in October 2009.
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Economic Action Plan Creates Jobs and Improves Social Housing in BC
By LAURA RIDLEY
 Canadian government announces action plan in November 2010. Read more... |
Canada's November Housing Starts Up
By LAURA RIDLEY
The seasonally adjusted annual rate of housing starts was 187,200 units in November 2010, according to Canada Mortgage and Housing Corporation. This is up from 167,800 units in October..
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Property Investment Golden Rules
By IAIN MAITLAND
The 10 Golden Rules of Property Investment, reported by International Property Alerts.
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Buying in British Columbia: Is it Time?
By LAURA RIDLEY  In spite of the strengthened dollar, Canada was still named the most affordable English-speaking country in which to buy.
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BC Makes Rightmove's Top Ten
By JAMES MICHAEL
British Columbia is the 7th most popular destination for Britons looking to buy abroad, according to www.rightmove.co.uk's survey of its users in July. Read more... |
Assignments: The Risks and Opportunities
By LAURA RIDLEY
 Buying an Assignment is not the same as buying a finished home. We consider the opportunities and the risks involved. Read more... |
New Tool Helps Homebuyers Navigate Presales
By LAURA RIDLEY
New tool helps homebuyers purchase homes under development, also known as presales. Read more... |
Canada Climbing the Charts for UK Property Investors
By LAURA RIDLEY
 Canada has been recommended as a top ten property investment destination. Read more... |
A Walk on BC’s Wild Side
By SUE KERNAGHAN
 Getting close to BC’s other home-makers – the wildlife that BC is famous for. Close but not too close: keeping a safe distance is the guiding mantra of wildlife watching in BC. Read more... |
Gastown – an Intoxicating Whiff of Vancouver's History
By GERRY QUIRKE
 With an eye to New York’s Meatpacking District, or London’s Docklands, developers are bringing life back to the rare, lovely buildings that once housed the heart of Vancouver’s commercial and industrial life. Read more... |
Property Buyers' Service Launched
By LAURA RIDLEY
If you are considering purchasing an investment or recreational property in British Columbia, BritishColumbia-Properties.com offers you an on-the-ground service enabling that aspiration to become a reality. Read more... |
Mountain Facts and Figures
Compiled By LIZ HANNAH
 The essential winter sport information you need for the main BC ski resorts. Read more... |
The Okanagan: Life Is Good
By GERRY QUIRKE
 From deserts to ski mountains, the Okanagan has it all as a place to live, vacation, invest. Read more... |
 Currency Exchange Rate Conversion
If you want to convert prices given in any of the articles you read on BritishColumbia-Properties.com from Canadian Dollars to your preferred currency, click on this link to the BritishColumbia-Properties.com Currency Convertor and a new window will open up with a currency convertor ready for you to use. |
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Gerry Quirke
