Blog by Andrew Peck

Construction Employment in Metro Vancouver

March 7th, 2014

Construction Employment in Metro Vancouver

Metro Vancouver’s employment slipped 0.3% to 99.8 thousand persons in February. Year-over-year employment dropped 7.8%.

It is early in the year and the regional economy is in a modest-to-moderate growth mode which is expected to firm in the second half of 2014.

...

Construction   Industry Employment – Vancouver CMA

(Thousands)

Building permits increase in Metro Vancouver

March 6th, 2014

Comparing January 2014 with January 2013, building permit values increased 20% to $592.0 million in January 2014 compared to $492.8 million in January 2013, according to data released this morning by Statistics Canada.

Non-residential Permits
Non-residential permits increased 3% to $128.8 million from $124.6 million one year ago.

  • Commercial permits rallied 85% higher than last year.
  • Insti ...

Price Competition Among Home Buyers Heating Up In 2014

March 5th, 2014

More than one-in-three Canadians (34%) are willing to get into a bidding war to buy a home they want, according to the BMO Home Buying Report released today.

The report, conducted by Pollara, revealed:

  • in Vancouver 41% of home buyers will get into a bidding war
  • current homeowners say they visited an average of 9.5 homes before buying. While half (49%) were successful on their first bid, ...

Royal Pacific REALTORS® help make homes more affordable

February 19th, 2014

First-time home buyers received welcome news in the February 18, 2014 provincial budget.

Effective for registrations on or after February 19, 2014, qualifying first-time buyers can buy a home worth up to $475,000 and not pay the Property Transfer Tax (PTT) under the First-Time Home Buyers’ Exemption program.

The previous threshold was $425,000.  The partial exemption continues and will appl ...

Royal Pacific Realty Corp grows to number one in Vancouver

January 25th, 2012

Royal Pacific Realty Corp grows to number one in Vancouver

Wednesday, January 25, 2012, VANCOUVER, BC – Year after year Vancouver continues to win awards for its livability and high quality of life, and now when newcomers and residents decide to buy and sell property, their first choice for a real estate company is Royal Pacific Realty Corp.

Royal Pacific has ranked the number one real esta ...

Federal Budget good for home buyers, home owners and real estate

March 4th, 2010

Federal Budget good for home buyers, home owners and real estate

Vancouver (March 4, 2010) – The best social program is a job, and to reduce the impact of Canada’s recession, federal Finance Minister the Hon. Jim Flaherty, plans $19 billion in new federal stimulus funding to create and protect jobs in Budget 2010.

This includes $7.7 billion to build infrastructure Canada and $2.2 billion to ...

BC Budget Keeps Us Working

February 19th, 2009

BC Budget Keeps Us Working

Vancouver (February 18, 2009) – The best social program is a job, and to reduce the impact of the provincial economic recession, Finance Minister Colin Hansen plans to create 88,000 jobs so that individuals, businesses and communities can work our way to recovery.

This plan is part of the overall provincial Budget delivered yesterday. The jobs will be mostly in infr ...

Federal Budget Good News for Home Buyers and Home Owners

February 14th, 2009

Federal Budget Good News for Home Buyers and Home Owners Say Andrew Peck

Vancouver (February 13, 2009) – January’s Federal Budget offered key measures that benefit home buyers and home owners and will help create jobs and opportunities in our neighbourhoods.

Royal Pacific Realty reports that the Federal Budget tabled last month will go a long way to addressing local economic uncertainties and ...

Is our housing market at risk?

May 31st, 2017
Is our housing market at risk? Today, the International Monetary Fund reported that Canadian households are highly indebted and housing affordability, particularly in Vancouver and Toron...Click here to read more detail about 'Is our housing market at risk?'

Moving towards a National Housing Strategy

May 1st, 2017
Moving towards a National Housing Strategy The Canadian Real Estate Association and its member real estate boards and associations across Canada have long advocated for better access to ...Click here to read more detail about 'Moving towards a National Housing Strategy'

What are the key challenges we face as a profession?

February 18th, 2016
What are the key challenges we face as a profession? If someone were to ask me what one characteristic Realtors® share, I'd say - adaptability.  Take a minute and think about i...Click here to read more detail about 'What are the key challenges we face as a profession?'

Will a luxury or speculation tax create more affordable housing?

February 2nd, 2016
Will a luxury or speculation tax create more affordable housing? In the last month, both the Mayor of Vancouver and economists from the University of British Columbia and Simon Fraser Un...Click here to read more detail about 'Will a luxury or speculation tax create more affordable housing?'