Vancouver, BC

These graphs show the monthly listings, sales, average and median price and dollar volume. In additon you can view what price range is selling the best. Each graph shows separate categories for houses, townhouses and condos. The graphs show the monthly stats for 2008.

View it here

Since I am partial to stats and demographics, I thought a graph for each of the Vancouver real estate condo neighbourhoods that border the waterfront would be useful to buyers and sellers.

The above Vancouver real estate graphs for 2008 show the five different waterfront condo neighbourhoods. Each graph is a snapshot of the monthly listings, sales, days on the market and average price for that neighbourhood.

The average price will reflect the price range of the sales for that month. You will note that Coal Harbour's monthly sales are down but the average price is up, indicating the more expensive properties are now selling.

The listings and days on the market are up in all the hoods and the monthly sales are down from January.

Do you have a graph for Vancouver real estate you'd like me to post? Please fill out my contact form and I'll try to do it for you.

View the graphs

Mellinium Water Vancouver's Olympic Village - Trouble Ahead?

As the credit crisis south of the border begins to creep north, concerns are mounting over the impact it may already be having on construction of the athletes' village for the 2010 Winter Games.

Last week, members of Vancouver's city council held an emergency, in-camera meeting to get an update on the project. Much of the discussion revolved around the city's obligation in the event the developer, Millennium Development Corp., can't meet demands from the bank because of massive cost overruns, according to sources briefed on the meeting.

Click here to read the full article.

Another article in the Vancouver Sun "2010 Games in Crisis" raised concerns that B.C. taxpayers could be on the hook for about $1.5 billion.

Just a week ago, Denis Du Bios on October 03, 2008 published in Energy Priorities a glowing report "Vancouver 2010 Olympic Village" as a model for urban sustainability.

This South East Fales Creek land - once a mishmash of shipyards, sawmills and municipal incinerators had many past controversies. NANCY MACDONALD at Maclean's Magazine published on November 19, 2007 "New Condo Will Double as Vancouver's 2010 Olympic Village" gave an account on the project when the condos were released for sale in October 2007.

For more information on Millennium Water Condos, kindly contact James Wong at 604-721-4817 or email me.

The "Q" Report

Rapidly deteriorating credit conditions in Canada and around the globe, has motivated the Bank of Canada to join the U.S. Federal Reserve, European Central Bank and three other central banks Wednesday in cutting interest rates by 50 basis points.

As a result, the Bank of Canada's benchmark lending rate stands at 2.5%. I expect that the Canadian central bank is not finished with rate reductions, with more reductions to come.

TD Canada Trust today announced that it has lowered its prime lending rate by 25 basis points to 4.50 per cent, effective October 9, 2008. It is likely that the other Canadian banks will follow suit.