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SEPTEMBER 2016

 
 

Is Vancouver's real estate market really in free fall?

Latest headlines may be scary to homeowners, but numbers tell a different story

"Is the Metro Vancouver real estate market in free fall?"

"Canada's housing market nears 'extreme bubble,' warns ex-Lehman Brothers trader," screams another.

"Fear and loathing in the Vancouver property market," warns the CBC.

It's enough to leave the impression that property values in Vancouver's sky-high real estate market could be collapsing. The truth is — unless you're one of those fortunate folks operating in the upper end of Vancouver's luxury market — the average price shouldn't mean squat to you. And here is the reason why…

 
 

August Market Update

Is it a Buyer’s Market or a Seller’s Market now in your neighbourhood? Has the benchmark price for condos, townhomes or houses changed in the last month?

For answers to these questions and more consult our local market real estate reports below.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

New Westminster

North Delta

North Surrey

North Vancouver

Osoyoos

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Vancouver Island

Victoria

Vernon

West Vancouver

Whistler

Your mortgage, RRSP or TFSA: What’s the priority?

You don’t have to win the lottery to be faced with the problem of what to do with cash you might have available to you. Perhaps you still have a tax refund to deal with. Maybe an inheritance has just come your way. Or perhaps you’re spending less than you earn and are trying to prioritize what to do with the difference.

Tim Cestnick and The Globe and Mail break down your options in this special report.

 

B.C. Real Estate News

LOWER MAINLAND

Cooling red hot Vancouver real estate market healthier, says economist (CBC News)

VIDEO Is Vancouver’s housing market a 'ticking time bomb'? That’s just ‘silly,’ analyst says (BNN)

5,000 jobs gone in four months, says Vancouver Home Builders' Association (CBC News)

WHISTLER & SQUAMISH

Whistler’s Market To Benefit From Foreign Homebuyers (HiBusiness)

What about Squamish? Q and A with real estate expert on the 15% tax (The Chief)

VICTORIA & VANCOUVER ISLAND

VIDEO Is Victoria's housing market on its way to becoming the new Vancouver? (The Globe and Mail)

Vancouver spillover makes Island next hot real estate spot: report (Times Colonist)

OKANAGAN

VIDEO Okanagan house prices soar to new heights (Global News)

Housing boom transforming Kelowna as buyers seek affordable living (Globe and Mail)

 
 

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