Low Mortgage Rates Boost August Home Sales Vancouver, BC – September 14, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 35 per cent to 5,590 units in August compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 7 per cent in August from July 2010. The average MLS® residential price climbed 4 per cent to $487,804 in Aug ... Full Article...

OTTAWA –The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is proceeding but remains uneven, balancing strong activity in emerging market economies with weak growth in some advanced economies. In the United States, the recovery in private demand is being held back by high unemployment a ... Full Article...

Just added this listing: "LARGER CORNER LOT in Jeffries Brook built by famous Morningstar Homes. This 2 storey with basement home has 4 large bedrooms, 4 bathrooms and comes with a fully finished pre-wired for sound basement (unauthorized vacant suite with its own insuite laundry). This home has LOTS of natural light, an excellent floor plan and is move in ready. The main has a LR, DR, and Family room with 9' ceilings. Lots of room for everyone. Enjoy your gourmet kitchen or BBQ in your private ... Full Article...

Just sold this listing: "1st time buyers & INVESTORS welcome! This unit has a peaceful view of Blue Mountain Park. This bright unit comes w/a very functional layout & open feel. This second floor unit has a large deck, storage & 1 parking spot. The location isperfect; across from Blue Mtn Park minutes from Skytrain & Lougheed Mall. Rentals/pets allowed (1 dog or 1 cat). This makes a great RENTAL property or a place for yourself to call home. Heat & Hot water included in strata fees."

Buyer’s market conditions continue in Greater Vancouver Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36 per cent decline from the 3 ... Full Article...