EDISON' SMART  Real Estate Outlook and Blog.

Silver - New Development by Intracorp in the Metrotown Area. Last week, I had the opportunity to preview the newly opened presentation center of SILVER.  Its the new project by long time developer Intracorp, who always produce good quality products. The location of SILVER is ideal being across Metrotown and the Metrotown Skytrain Station. This will be neighboring the quickly sold out Metro Place project last year. If the sales of that project are any indication, Silver will also be sold out ... Full Article...

Transition plan will raise rebates to homes under $850,000B.C. will scrap the HST and return to the PST on April 1 2013, Finance Minister Kevin Falcon announced on Friday in Victoria. Until that time new home buyers will be able to take advantage of expanded rebate program and a transitional tax designed to ensure that there is no tax difference whenever they choose to buy their home — provided it costs $850,000 or less. "The B.C. new housing rebate threshold will be increased to $850,000 ... Full Article...

Stability and regional ‘hot spots’ characterize January housing market The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities. The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January. “There was a healthy balance between the number of hom ... Full Article...

Real estate market stable at year-end The Greater Vancouver residential housing market entered three distinctive phases in 2010. Continued buoyancy from the post-recession recovery began the year, followed by a summer lull and, throughout the fall, a sustained period of stability. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2010 reached 30,595, a 14.2 per cent decrease from the 35,669 sales recorded in 2009, but a ... Full Article...

MLS® stats show more sales, fewer property listings in November Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,509 in November 2010. This represents a 7.4 per cent increa ... Full Article...

Housing market factors indicate stability in recent months September home sales in Greater Vancouver were consistent with activity experienced in the preceding two months across most categories. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,220 in September 2010. This represents a 0.8 per cent increase compared to August 2010 and 37.6 per cent decline from the 3,559 sales in September 2009. In comparison, ... Full Article...