The Bank of Canada has announced they are leaving the rate unchanged at 1 percent.  Click here to read the full article.

If you own a condo, you may be starting to hear about the upcoming changes to the Strata Property Act for mandatory reports in the near future.  The goal with these reports is to offer owners, and those buyers looking to own, a detailed report on length of life of the buildings and those items comprising the building, with dollar values for replacement associated with those items.  The idea being that there can be more accurate budgeting for the strata corporation, decreased emergency repairs/replacements, and decreased levies due to property maintenance.  Read this article by the Director of the Condominium Home Owners' Association.  

Home sales trend toward buyers' market over the summer.  August marked the third consecutive month that home sales activity was below the 10 year average for the month.  And listing activity has exceeded the 10 year norm every month since the beginning of the year.  Detailed stats for August 2011 available here.

Home listings continue to rise in the Greater Vancouver housing market.  Listings are up, sales were down over the summer, and now we are in buyers' market.  With interest rates at an all time low, this is the time to get into the market if you haven't already done so.  Click to view the September 2011 stats

I love this website!  If you like modern architecture, you'll love scrolling through this site, the Contemporist.