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Blog by Steve Burk

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Luxury sales experience serious upward momentum

October 18th, 2007

Mississauga, ON (September 5, 2007) -- Consistent return on investment has prompted an unprecedented upswing in luxury home sales in major Canadian centres so far this year, according to a report released by RE/MAX.

The RE/MAX Upper-End Market Trends Report examined trends and activity in 16 markets across the country between January and July 2007. Luxury home sales were up over the s ...

Slow and steady growth forecast for residential real estate

October 17th, 2007

After posting extraordinary gains in 2007, housing market performance will moderate in most major Canadian centres in 2008, according to a report released today by RE/MAX.

The RE/MAX Housing Market Outlook 2008 examined residential real estate trends in 18 markets across the country.  The report found that while economic prospects will continue to improve next year, few major markets ...

Home Sales Continue at Torrid Pace

October 14th, 2007

Vancouver, BC – September 18, 2007. British Columbia Real Estate Association (BCREA) reports residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 25.9 per cent to $4.33 billion in August, compared to the same month last year. Residential unit sales increased 12.6 per cent to 9,833 units during the same period. The average MLS® residential price hit $439,931, up 11. ...

National MLS® home sales remain strong in August

October 14th, 2007

National MLS® resale housing activity remained very strong in August 2007, according to statistics released by The Canadian Real Estate Association (CREA).

Seasonally adjusted sales eased by 4.1 per cent from its highest monthly level on record in July to 43,257 units in August 2007. The monthly decline resulted largely from fewer sales in Ontario and Quebec, although activity edged lo ...

GREYING POPULATION TO SERIOUSLY BOLSTER CANADIAN RECREATIONAL PROPERTY MARKETS

October 13th, 2007

The RE/MAX Recreational Property Report, which highlights activity in 40 major Canadian centres, found that older boomers are fueling unprecedented demand for recreational properties in 67 per cent (27) of markets surveyed during the first quarter of 2006. Never before have those aged 50 plus been such a strong segment of the recreational property market.

"We’ve been expecting the fir ...

BUYERS FUEL CONTINUED GROWTH IN GREATER VANCOUVER HOUSING MARKET

October 2nd, 2007

Vancouver, B.C. October 2, 2007 - The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales of detached, attached and apartment properties reached 2,776 units in September 2007, an increase of 10.2 per cent compared to 2,519 sales in September 2006.

The inventory of residential properties listed for sale remains stable, with an overall year-to-date increa ...

Home sales continue at torrid pace

September 18th, 2007

Vancouver, BC – September 18, 2007. British Columbia Real Estate Association (BCREA) reports residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 25.9 per cent to $4.33 billion in August, compared to the same month last year. Residential unit sales increased 12.6 per cent to 9,833 units during the same period. The average MLS® residential price hit $439,931, up 11. ...

August housing market continues brisk summer sales trend

September 6th, 2007

Vancouver, B.C. September 5, 2007 - The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales reached 3,384 units in August 2007, a 12.9 per cent increase when compared to 2,998 sales in August 2006 and a decrease of 7.3 per cent when compared to 3,649 sales in August 2005.

During this period, new listings for detached, attached and apartment properties t ...

Record July for BC Home Sales

August 16th, 2007

Vancouver, BC – August 16, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 44 per cent to $4.66 billion in July, compared to the same month last year. Residential unit sales increased 25 per cent to 10,447 units during the same period, a record number of July transactions. The average MLS® res ...

Home Sales Surpass Expectations in 2nd Quarter

July 17th, 2007

Vancouver, BC – July 17, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 20.4 per cent to $4.98 billion in June, compared to the same month last year. Residential unit sales increased 8 percent to 11,175 units during the same period. The average MLS® residential price hit $445,747, up 11.5 per ce ...

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