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Real estate market recap, Feb. 29-March 4, 2016
2016-03-07 01:38:40| Real Estate - Topix.net
Rates for 30-year fixed-rate mortgages averaged 3.64 percent with an average 0.5 point for the week ending March 3, 2016. Existing home sales for February will fall between a seasonally adjusted annual rate of 5.23 and 5.58 million sales.
More than $1M over asking price for Point Grey home even surprises real estate agent
2016-03-05 19:21:38| Real Estate - Topix.net
A Vancouver real estate agent says even she was shocked when a Point Grey home sold for more than $1 million over its asking price. The house was listed mid-February for $7,888,000, and sold for $9,000,060 a week later, Bo Park of Sutton West Coast Realty told CBC News Friday.
Real estate industry office of the day: Sindeo
2016-03-05 15:17:00| Real Estate - Topix.net
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Cracks Emerging in Commercial Real Estate Market
2016-03-05 11:07:21| Real Estate - Topix.net
The market for commercial mortgage bonds has weakened significantly since the beginning of the year, raising questions about the ability of borrowers in certain parts of the country to refinance billions of dollars of maturing loans on office buildings, hotels and shopping centers. While securitization accounts for between 20% and 25% of all commercial real estate lending, or roughly $100 billion a year, properties in secondary and tertiary markets are largely dependent on it for financing.
Tags: real
estate
market
commercial
Hot real estate market in Whistler puts pressure on stable housing for residents
2016-03-05 06:50:47| Real Estate - Topix.net
We are seeing a lot of pressure on our real estate market," said Nancy Wilhelm-Morden, speaking to host Gloria Macarenko during a special live broadcast of B.C. Almanac at the Whistler Brewhouse on March 4. Val Litwin , CEO of the Whistler Chamber of Commerce, and Whistler Mayor Nancy Wilhelm-Mordon discuss the resort town's housing issues during a live broadcast of B.C. Almanac on March 4 at the Whistler Brewhouse. Anne Chaisson, a Whistler-based realtor with Re/Max, said according to the listings she has there are 73 chalets on the market, 99 condominiums and 63 townhomes.
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