Are City Fees and Land Costs Truly Raising House Prices Or Do We Have it Backwards?

July 25th, 2015
Almost daily we read newspaper articles about how municipal fees and the price of land and construction inputs affect the price of housing. I have been selling properties for 39 years, have developed housing and have studied economics at BCIT and UBC. Here are my conclusions: If a developer's land costs, municipal/city charges and fees or construction materials and labour costs are low but ma ...

BC Home Sales Post Second Strongest June on Record

July 15th, 2015

For immediate release

BC Home Sales Post Second Strongest June on Record

Vancouver, BC – July 14, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 11,294 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 25.6 per cent from the same month last year. Total sales dollar volume was $7.1 billion, a 42.6 per cent increas ...

STRONGEST JUNE MARKET IN FRASER VALLEY IN 10 YEARS

July 3rd, 2015

News Release: July 3, 2015

SURREY, BC – Last month’s sales volumes on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) were the highest for June since 2005 and rank as the fourth busiest month ever for MLS® sales in the Fraser Valley.

There were 2,413 sales processed on the MLS® in June, an increase of 45 per cent compared to the 1,668 sales processed in June of last yea ...