CARTOCCI REAL ESTATE - PAOLO CARTOCCI - RE/MAX MASTERS REALTY - VANCOUVER PROPERTIES, HOMES, APARTMENTS, CONDOS AND BUSINESSES

Update on the Interest Rate...

Posted on Mar 01, 2011

Today the Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent.
The global economic recovery is proceeding broadly in line with the Bank’s expectation, although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. The pace of the Europe...

BC's Commercial Real Estate Hits Records!!!

Posted on Feb 28, 2011

Commercial real estate investment in BC reached records highs of nearly $2 billion in 2010!
Commercial real estate investment volume was $1.946 billion last year with 99 sales transactions completed. No single transaction skewed dollar volumes as in 2009.

I have noticed a lot of buyers around ranging from private people, pension funds, life companies...

Gains in Metro Vancouver housing outpaced TSX since 2000

Posted on Feb 09, 2011

Metro Vancouver real estate has proved to be a solid investment over the last decade despite the market's recent ups and downs, according to a new report. However, analysts warned that those returns will be hard to match in the coming 10 years. A Metro Vancouver home earned its owner a compounded-annual return of 7.8 per cent between the start of 2...

Greater Vancouver real estate prices surged 7.8 per cent a year for more than a decade

Posted on Feb 09, 2011

VANCOUVER - It’s been a seller’s market in Greater Vancouver for 55 per cent of the last eleven years.Buyer’s market prevailed only 13 per cent of the time, while the remainder was balanced.
Values rose from $295,978 in 2000 to $675,853 in 2010 — for a compounded rate of return of 7.8 per cent each year, while Canada earned a 6.8 per cent return ove...

Seller's Market Around The Corner!

Posted on Feb 02, 2011

VANCOUVER -- Metro Vancouver's housing market remained in balanced market conditions in January, although there were signs of a sellers' market returning with higher levels of demand in larger communities.
“There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity fro...

CHANGES IN MORTGAGE RULES!!.

Posted on Jan 17, 2011

Concern over rising consumer debt levels is prompting Ottawa to make three new changes to Canada's mortgage rules.
Flaherty (Canada's Finance Minister), today announced prudent adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada’s housing market and support hard-working Canadian families savi...