Metro Vancouver at ‘epicenter’ of further downside in BC housing prices: report

Metro Vancouver at epicenter’ of further downside in BC housing prices: report Daily Hive The annual resale transactions in BC real estate will continue to decline, resulting in the fewest home sales since 2013, according to a new report.

Asking home prices fall by double digits in Metro Vancouver as BC budget begins to bite Asking home prices fall by double digits inVancouver, BC budget begins to bite Assassination of Kim Jong Nam appears to be visible on CCTV footage

The time to think beyond renting The report states that while renting costs for 20 years amount to upwards of Dh2.16 million, excluding utility payments, buying a property in the same location would cost just over Dh1.76 million, not to forget that the investor then owns a lucrative asset after the 20-year period.

6 days ago · Metro Vancouver’s housing market has reached the ‘cyclical bottom’: report Metro Vancouver’s average home prices need to fall $795,000 to reach affordability Metro Vancouver at ‘epicentre’ of further downside in BC housing prices: report

 · Prices are falling and areas in West Vancouver, as well as on the west side of the City of Vancouver have been hit “particularly hard,” with instances of 20% declines on multi-million dollar properties, the report found.

The data relating to real estate on this website comes in part from the MLS Reciprocity program of either the real estate board of Greater Vancouver (REBGV), the Fraser Valley R

Investors seek safety in bonds, alarming U.S. markets that a recession may be in the offing Citigroup Inc. is sounding the alarm bells for the. of foreign assets such as U.S. Treasuries could also roil international financial markets, while the dollar could surge as investors seek a safe.Property tax hike forced by state act H.L.C. DECEMBER 15, 2015 RULES COMMITTEE PRINT 114-40 TEXT OF HOUSE AMENDMENT #2 TO THE SENATE AMENDMENT TO H.R. 2029, MILITARY CON- STRUCTION AND VETERANS AFFAIRS AND RE– lated agencies appropriations ACT, 2016 [Showing the text of the Protecting Americans from Tax Hikes Act of 2015.] At the end of House amendment #1, insert the fol-

Read through the article, Metro Vancouver at ‘epicentre’ of further downside in BC housing prices: report." At your table or in groups, you will come up with a certain editorial in favor or against the following question: "Do you think that we have done enough in terms of ensuring that homes are affordable for future generations?"

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Vancouver housing market: cooling but not collapsing Following a period of significant overheating, the Vancouver-area market entered a cooling phase this spring. We expect further weak-ening in demand and moderation in prices in the near term. Although downside risks dominate, a wholesale collapse is unlikely

Further downside is likely with a peak-to-trough pullback in the 5% to 10% range. B.C. international goods exports pulled back in July, extending this year’s erratic but generally positive trend.

The housing recession that is sweeping across the Vancouver area will leave home prices 12 percent below the peak achieved last June, an economist predicts. If the forecast from Bryan Yu, Central 1 Credit Union’s top economist, proves correct, that would mean a loss of more than $100,000 from the all-time high.