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Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009. Read more...

The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.

"Canada's housing market is healthy, stable and supported by our country's solid economic fundamentals," said Minister Flaherty. "However, a key lesson of the global financial crisis is that early policy action can help prevent negative trends from developing." Read more...

Mark Stephenson of Prudential Sussex Realty has been named to the prestigious President’s Circle for 2009 by Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. [NYSE:PRU] company. The award recognizes residential sales professionals who exemplified great sales measures in closed residential gross commission income for the year.

“We are so proud of Mark Stephenson and his performance achievement in 2009,” said Gordon Harmon, Broker/Owner of Prudential Sussex Realty. “As a President’s Circle recipient, Mark Stephenson is among the top 3 percent of the Prudential Real Estate Network, which has approximately 62,000 sales professionals across North America. Mark Stephenson serves as an example of the success that can be achieved by having a high standard of integrity and professionalism.” Read more...

After beginning the year at near record low sales levels, buyers’ confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009. Read more...

Along with Craftsman Collision, BASF, Jim Pattison Lease & The Jim Pattison Auto Group, I am proud to be a founding sponsor of Rick Hatswell and the “Road to the Rally” racing team which is competing in the 2010 edition of the prestigious Dakar - a 15 day, 10,000KM rally race across Argentina and Chile.

Please join me in wishing Rick a safe and successful race! Read more...

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Read more...

Home values continued to edge upward in November as demand in the Greater Vancouver housing market remains well above seasonal norms. Read more...

Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008. Read more...