HudsonHomeTeam.com

December’s sales statistics from the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) refl ect the real estate story of 2008: change. Sales of all property types for the year declined 30 per cent in the Fraser Valley; however,  sales for the month were down almost 50 per cent compared to December 2007 – ...

The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 to $648,421 by December ...

OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 1 3/4 per cent.The outlook for the world economy has deteriorated significantly and the ...

Residential housing price decline creates buying opportunitiesVANCOUVER, B.C. – November 3, 2008 – Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008.The Real Estate Board of Greater Vancouver (REBGV) reports that residential benchmark prices, ...

As interesting as the Canadian Real Estate market has been in the last several years, once compounded with financial markets, global economies and the political electricity of two major North American elections, the chatter at parties has been riveting.             At a recent social event I ...

Weekly Market InsightOctober 3, 2008 NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS Where’s The Trigger for a Canadian House Price Crash? Every dollar drop in the value of Canadian real estate elevates the level of anxiety about US-style housing meltdown in Canada. To be sure, house prices in Canada will continue to ...

Home prices adapt to affordability demands VANCOUVER, B.C. - October 2, 2008 - The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in September 2008 to 1,585 from the 2,776 sales recorded in September 2007. New listings for detached, attached and apartment ...

Month-over-month housing prices retreat from record highs VANCOUVER, B.C. – Aug 5, 2008 – As property listings continue to outpace sales, Greater Vancouver housing prices have drawn back, the last two months, from the record highs experienced in early 2008. Since May 2008, housing prices, as calculated by the MLSLink Housing Price ...

Market activity offers awaited relief for homebuyersVANCOUVER, B.C. – July 3, 2008 –Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyer’s phase. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined ...

Big banks move to boost their mortgage rates by as much as 85 basis points  TORONTO — Bank of Montreal (TSX:BMO) is hiking its residential mortgage rates by up to 85 basis points, joining Royal Bank (TSX:RY), TD Canada Trust (TSX:TD) and CIBC (TSX:CM) in increasing the cost of borrowing to buy a home. The increases follow the Bank of ...