Maria Mak | 604-839-6368

 
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Home energy efficeincey upgrades made easy

 

Lower your engery bills, access government rebates, improve the comfort of your home and reduce its environmental footprint with the City of Vancouver's Greenest City 2020 Home Energy Loan Program.

 

The program offers loasn ranging from $4,000 to $16,000 to cover the cost of select engery  efficiency upgrades. The loans, administered by Vancity, will be offered at a low, fixed interest rate over a 10 - year amortization period, allowing affordable, predictable payments over the life of the loan.

 

In addition to the fianancing, the HOme Engergy Loan Program helps simplify the process by connecting you to experts, helping you access up to $9,300 in rebates, and offering guidance and support.

 

Eligible upgrades include high - efficiency furnaces, and hot water tanks, air - to air heat pumps, insulation , and weatherization.

 

Buildings in Vancouver, including homes,  contribute an estimated 55 per cent of Vancouver's greenhouse gas(GHG) emissions ( gases that trap heat in the atmosphere and contribue to climate change). The City is aming to reduce GHG imissions city wide by one third by 2020.

 

Making energy efficiency upgrades to single family homes and duplexes could save approximately 90,000 tons fo GHGs by 2020. That wuld be like permanently removing 2,000 cars from Vancouver's roads. Homeowners like you can help Vancouver reach its goal by becoming the world's greenest city by 2020 by making your home more energy efficient.

 

Lear more :

www.vancouver.ca/greenestcity/energyloan

 

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Historically normal activity keeps the Greater Vancouver housing market in a balanced state

The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.

 

Looking back further, last month’s residential sales total is 5.8 per cent below the ten-year average for sales in November.

 

“The pace of home listings entering the market eased slightly in November, compared to recent months, while sale levels remained fairly normal for this time of year,” Rosario Setticasi, REBGV president said. “November activity helped put our market firmly in balanced territory.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,222 in November. This represents a 26.3 per cent decline compared to the 4,374 new listings reported in October 2011, but a 6.3 per cent increase compared to November 2010 when 3,030 properties were listed for sale on the MLS®.

 

Looking back further, last month’s new listing total is 2.1 per cent above the ten-year average for November.

 

The total number of properties currently listed for sale on the Greater Vancouver MLS® sits at 14,090, a decline of 9 per cent compared to October 2011 but an increase of 13 per cent when compared to this time last year.

 

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.2 per cent to $622,087 in November 2011 from $580,080 in November 2010.

 

Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.4 per cent.

 

Sales of detached properties on the MLS® in November 2011 reached 916, a decrease of 12.8 per cent from the 1,050 detached sales recorded in November 2010, and a 21.3 per cent decrease from the 1,164 units sold in November 2009. The benchmark price for detached properties increased 11.4 per cent from November 2010 to $890,204.

 

Sales of apartment properties reached 1,000 in November 2011, a 4.9 per cent decrease compared to the 1,052 sales in November 2010, and a decrease of 28.4 per cent compared to the 1,396 sales in November 2009. The benchmark price of an apartment property increased 2.7 per cent from November 2010 to $399,686.

 

Attached property sales in November 2011 totalled 444, a 9.1 per cent increase compared to the 407 sales in November 2010, and a 15.1 per cent decrease from the 523 attached properties sold in November 2009. The benchmark price of an attached unit increased 4.5 per cent between November 2010 and 2011 to $510,960.


Download the complete stats package by clicking here.

 

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