Despite concerns about high levels of debt, interest rates in Canada are going nowhere except perhaps down. Read Full Article: BMO interest rate cut indicates more downward pressure Canada-wide
The City of Vancouver says a subway to UBC is the best method to deal with constant overcrowding of transit along the heavily used Broadway corridor. The city has revealed a vision for a two-phased approach at an estimated cost of $2.8 billion, but funding remains elusive. Read Full Article: UBC make case for Broadway subway
Transit-oriented developments will continue to be popular among Vancouver real estate buyers, including baby boomers who are downsizing, funding their first-time buyer children, or both. Non-immigrant buyers are showing support for the market. Read Full Article: Strong demand for homes near public transit continues
Greater Vancouver home sales rose 4.7% in January from December levels, according to a Canadian Real Estate Association (CREA) report. Read full article: Vancouver's Home Sales Up but Year over Year prices down
While the city of Vancouver is a pricey place to be a homeowner, the suburbs still have home prices that are affordable to most families. The Vancouver Sun introduces the UDI/FortisBC Housing Affordability Index, a new way to look at housing prices that provides a clearer, more specific picture of affordability across Metro Vancouver. Read Full Article: What Can you Afford? New Housing Affor ...