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Inspiration from Steveston Village

From the Globe and Mail, Sept 27, 2012; by Brent Jang

 

The slump in British Columbia’s real estate market serves as a cautionary note for other provinces that are bracing for bumps in economic growth.

 

When homes slip in price, consumers rein in spending, producing a ripple effect on local merchants and slowing down the broader economy.

 

Jacques Marcil, senior economist at Toronto-Dominion...

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From the Globe and Mail, Sept 27, 2012; by Frances Bula

Montreal-style row-house and stacked-townhouse projects could be kicking off within weeks in Vancouver neighbourhoods that have been enclaves of single-family housing until now.

 

But the proposed city policy that will open the doors to those new forms will also require applicants to prove how their project can provide affordable housing,...

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By FRANK LUBA, THE PROVINCE September 10, 2012

 

Sagging home sales and flat ­prices have prompted speculation that the “housing bubble” might be about to burst — a prospect that immediately catches the attention of British Columbians.

 

But there is no housing bubble, according to Tsur Somerville, director of the University of B.C.’s Centre for Urban Economics...

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Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July...

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