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  1. Vancouver, Calgary home prices set records in ‘east-west’ Canadian divide

    Michael BabadOther The Vancouver and Calgary housing markets are on fire in what a new report says is a more pronounced Canadian east-west divide. Prices across the country rose 0.3 in February from January, and 5 per cent from a year earlier, according to the Teranet-National Bank house price index released today. The pricey city […]

  2. False Creek residents give park the green light

    Raman KangOther False Creek residents are illuminating the night sky to shed light on a broken promise. Twenty-four years ago, a parking lot near Pacific and Quebec was promised as a park but the neighbourhood is still waiting. Residents are hoping that by placing green lights in their windows they will get the city’s attention […]

  3. Point Grey Anticipates Healthy Real Estate Sales In Spite of the Demise of the Immigration Investor Program

    Vancouver’s Chinese community seemed to harbor wealthy real estate investors that would gain citizenship and move their family here even though they would still reside and do most of their business in China. In early February, 2014 the Federal Government Other In early February, 2014 the Federal Government of Canada decided to reform its immigrant […]

  4. Vancouver Developer Acquires Reputable Alberta Business for $200 Million

    Other Vancouver Developer Acquires Reputable Alberta Business for 200 Million VANCOUVER, BRITISH COLUMBIA, Mar 7, 2014 (Menafn – Marketwired via COMTEX) –Anthem Properties Group has acquired Calgary based United Communities. United Communities is a leading residential land developer that entitles, develops and sells finished lots to home builders in Calgary, Edmonton and Sacramento, California. In […]

  5. $200 million office tower planned for Vancouver

    Other Credit Suisse, one of the top 10 largest private real estate investors in the world, soon will break ground on a $200-million LEED Platinum office tower in Vancouver. “Normally, we would invest in a fully developed, leased property,” says Rainer Scherwey, director at Credit Suisse Real Estate Asset Management. “This office tower represents the […]

  6. Bank of Canada Interest Rate Announcement – March 5, 2014

    Other The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent. In its accompanying statement, the Bank noted that the economy is preceding largely on the path the Bank projected in its January Monetary Policy Report. While inflation and growth were slightly higher than […]

  7. Billion-dollar plan proposed for Vancouver’s Downtown Eastside

    Mike Howell Other The Downtown Eastside is expected to get a massive facelift over the next 30 years that will see thousands of new social housing units, more business spaces and a tree-lined East Hastings Street. But the $1 billion cost of revitalizing the area that includes Chinatown, Gastown and Strathcona relies heavily on senior […]

  8. Canadian home sales defy expectations

    TARA PERKINS Other Sales of existing homes in the Greater Toronto Area nudged up 2.1 per cent in February compared with a year earlier, while prices continued to climb. The latest data from the country’s most populous city, as well as other urban centres such as Calgary and Vancouver, suggest Canadian home sales fared better […]

  9. How lower interest rates are making variable mortgages more tempting

    Garry MarrOther Consumers facing record housing prices are probably increasingly tempted to go with a floating rate mortgage and all the risks that come with an interest rate linked to prime. The qualifying rate is based on an average of the six big banks’ posted rate for a five-year closed mortgage. Declining bond yields have […]

  10. Vancouver and Calgary home sales still climbing with prices up

    Garry MarrOther Sales in Canada’s most expensive housing market were up sharply from a year ago and prices also continue to rise. The Real Estate Board of Greater Vancouver said 2,530 homes were sold in February, a 40.8% increase from a year ago and a 43.8% increase from January. The board’s benchmark composite index reached […]