Welcome guest.  ( Sign in )

Could this happen in Toronto?

November 7, 2016

Vancouver home sales plunge 38.8% last month, real estate board says


The board says 2,233 properties were sold in October of this year, down from the 3,646 home sales recorded in the same month last year.

Board president Dan Morrison says changing market conditions combined with a series of government interventions in the real estate market contributed to the decline.

Both the B.C. and federal governments have brought in a number of measures to address soaring housing costs, particularly in Vancouver.

In August, the provincial government implemented a 15 per cent tax for foreign nationals buying property in Vancouver in a bid to stabilize the city's housing prices, which have been among the highest in North America.

Last month, the composite benchmark price for all residential properties in Metro Vancouver was $919,300 _ a 24.8 per cent increase compared to October 2015, but a 0.8 per drop from September of this year.
 

Visit us at Durham Bungalows.ca!


Tagged with: homes sales
| | Share

Prepare for an Emergency Part 2

Originally posted on: June 13, 2017
Last updated on: June 13, 2017
Filed under: emergency safety
COLLECT IMPORTANT DOCUMENTS Organize important documents in one place—such as an accordion folder or fireproof safe—so you can ...

Prepare for an Emergency Part 1

Originally posted on: June 8, 2017
Last updated on: June 8, 2017
Filed under: emergeny house damage
KNOW THE RISKS No matter where you live, your region may be susceptible to one or more emergency situations or weather hazards, including: e ...

Looking for a new place?

Originally posted on: May 30, 2017
Last updated on: May 30, 2017
Filed under: homes for sale real estate
The 5 priciest homes in one of the country’s hottest markets by Justin da Rosa, 29 May 2017 ...

B.O.C. Interest Rate announcement.

Originally posted on: May 24, 2017
Last updated on: May 24, 2017
Filed under: bank of canada interest rates
Bank of Canada makes interest rate announcement by The Canadian Press. 24 May 2017 ...

Why Homebuyers should work with an Agent

Originally posted on: May 18, 2017
Last updated on: May 18, 2017
Filed under: home buyers working with an agent
5 REASONS MOST HOMEBUYERS CHOOSE TO WORK WITH AN AGENT In most cases, your home is your most valuable asset, and it makes sense to ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)