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Interest Rates Hold
Written by Administrator   
Sunday, 10 December 2006
Interest rates to hold despite weakening economy

The Canadian economy appears to be weakening more than expected, the Bank of Canada admitted Tuesday, but indicated it’s not yet weak enough to warrant an interest rate cut.

“Global growth has been strong, commodity prices have remained h i g h , a n d e m p l oy m e n t g row t h in Canada and the United States has been sustained,” it said in announcing it will keep its trend-setting target for overnight lending rates at 4. 25 per cent.

While some recent indicators suggest growth in Canada and the U.S. may be a “little weaker” than expected, inflation has been in line with expectations, it said.

Stronger than expected increases in consumer spending and housing prices pose the greatest inflation risk, while a sharper than expected slowdown in the U.S. poses the greatest risk to the economy, it said.

However, at this point in time those risks are roughly balanced, it added, in explaining its decision to leave rates unchanged,

Still, some analysts noted the central bank has dropped its previous warning that the economy is operating above its capacity.

“ The bank could obviously no longer make this statement in light of the weak growth in the third quarter and the anticipation of another lacklustre fourth quarter,” National Bank of Canada economists said in an analysis.
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Sales down, listings up
Written by Administrator   
Tuesday, 28 November 2006
Sales down, listings up in Vancouver real estate
Nov, 04 2006 - 3:20 AM

VANCOUVER/CKNW(980) - While the overall sales of living space in greater Vancouver decreased last month, there has been a steady increase in the number of real estate listings.

According to the Real Estate Board of Greater Vancouver, total residential sales of detached, attached and apartment properties decreased over 12% in October compared to the same time last year.

However, it's also reported that new listings for the same types of living units are up 20% from October 2005.

Bright spots in the market include West Vancouver with an increase in sales of 34.5%, North Vancouver, up 14.4% over last year, and Port Moody up 18.5%.

 
Millennium Group To Develope Olympic Village
Written by Administrator   
Wednesday, 22 November 2006

The Millennium Group has been selected as the developer of choice for the Vancouver Olympic Village. The City of Vancouver welcomes The Millennium Group and their vision to create the Olympic Village for use during the 2010 Winter Olympics.

During the Games
The Millennium Group will create a village to house the athletes and officials of the 2010 Winter Olympics. The housing along with commercial and retail space will be the core of the community centre.

After the Games
The Millennium Group's Olympic village will be a sustainable development containing residential units and commercial and retail space for the new residents of Southeast False Creek.


The Southeast False Creek Official Development Plan (ODP) is divided into seven sub-areas. Sub-area 2A will be the first phase of City-owned land to be developed and will become the Vancouver Olympic Village for the 2010 Olympic and Paralympic Winter Games. The Olympic Village will be home to approximately 2,800 athletes and officials during the 2010 Winter Games.

(Source http://www.millenniumdevelopment.com/SEFC/)
 
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July 24th, 2008 False Creek Real Estate Agents And Waterfront Condos

 

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False Creek is one of the most beautiful places to live in Vancouver, BC Canada, which in turn is one the best places to live in the world. False Creek is a beautiful inlet which comes in from English Bay in the georgous Pacific Ocean. It stretches from the Burrard Street Bridge to Science World, where the new City Gate community lies. Granville Island restaurants, shops, and yachts are World renowned. North False Creek includes waterfront executive condos such as the Marinaside, Columbus, Crestmark, Quaywest, Aquarius, Kings Landing, Waterford, Government Villas, Parkwest, Azura, Icon, Flagship, Cooper's Lookout and manymore. To the eastern end of False Creek is City Gate, Brighton and the Viceroy. South False Creek is where massive amounts of land is to go conversion from commercial purposes to residential, and will form the Olympic Village for the athletes of the 2010, where eventually there should be around 2000 new residential units. The south also has buildings like Henley Court, San Remo, Venice Court, Creek Village, Heather Pointe, Harbour Place, Waterfall, Portico Carrara, Portico Modena, Harbour Cove, more buildings and the internationl tourist destination of Granville Island. Your waterfront False Creek waterfront home can have ocean, city and mountain views. The False Creek ferries can take you back and forth from one side of the water to the other. Here you will find false creek realtors, real estate agents, mls property listings and luxury homes. Whether you are looking for a buyers agent , sellers agent and listing agent. Vancouver condo market developments are all over False Creek and market updates are frequent. Kayaking, running, walking and eating are popular activities to do around False Creek, the sea wall, and Granville Island.