Trish Anderson

Demographic changes will fuel demand for "move-up" homes and weaken demand for "first-time" residences over the next five years, a housing conference has heard. As baby boomers age, their taste in housing changes, Ted Tsiakopoulos, Ontario regional economist for the Canada Mortgage and Housing Corporation, explained to more than300 people gathered at the Metro Toronto Convention Centre last week. "Over the next three to five years, peak baby boomers will be driving housing demand,but not for the first time or for the second time. They will be driving demand for the third and fourth time," he told the Toronto Housing Outlook Conference, sponsored by the CMHC.

The upside of British Columbia's real-estate-market cycle has been steep, but the downside will not be as rapid as in the U.S., according to the real estate firm Century 21 Canada. House prices in select B.C. markets have been flat or risen up to 12 per cent in the last year. That follows a much steeper rise of between 89 per cent and 114 per cent over the last five years, Century 21 reported Wednesday in its annual survey of house prices. However, while the median U.S. house price dropped 11.5 per cent compared with a year ago, Century 21 Canada president Don Lawby said B. C.'s economy is strong enough and its real estate sector different enough to isolate the

We are proud to announce that this Saturday, December 2, 2006, 1:00 PM to 3:00 PM we will be hosting an Open House at 9101 HORNE ST , in Woodstone Place in Government Road, Burnaby North. This is an opportunity to visit this excellent Condo for sale in beautiful Government Road. Please come with any questions you may have. In the meantime you can take a virtual tour of this Government Road Condo for sale. As always please do not hesitate to give me a call at 604-936-0422 if I can answer any questions before the open house, or if you would like to book a private showing. Trish Anderson RE/MAX - All Points

I just finished uploading this Condo, 417 9101 HORNE ST, Burnaby North British Columbia

Condo for sale. Rarely available! Top Floor, South-facing 2 + Den. Outstanding amenities! This l ovely 2-Bedroom & Den has high vaulted ceilings, big kitchen with eating area an d is in very good condition. Strata Fees cover heat, hotwater, gas for fireplace

I just finished uploading this Condo, 101 725 COMMERCIAL DR, Vancouver East British Columbia

Condo for sale. Large garden level 2 bedrooms with excellent, private outdoor area. Good floor p lan! Walk to trendy Commercial Drive shops. Big park one block away. Located in an area of lovely new townhouses! Needs TLC.

Since 2001, we've been hearing about our doomed housing market.  From a serious downturn to a full-blown bubble burst, the naysayers continue to capture our attention and heighten our concerns. 

 

Is there any truth to the prophesized collapse?  To find out, we asked some experts.

 

"The fundamentals underlying housing demand in Vancouver are positive and will remain so next year," reports Gregory Klump, Chief Economist at the Canadian Real Estate Association.

 

These fundamentals include a strong economy, high employment and income growth, and low interest rates.

 

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