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How to Make a Monotype Print - a photoset on Flickr

How to Make a Monotype Print - a photoset on Flickr: "Monotype: A unique print made by pressing paper against a painted or inked surface. Different from monoprint in that the plate used only exists once. It is something done easily in one's own kitchen."

Vancouver Real Estate : vancouver-home-mortgage.com

Vancouver Real Estate : vancouver-home-mortgage.com

Over supply of new condos?

Some real estate analysts have expressed concern regarding the over supply of new condominium in Greater Vancouver, especially in downtown core. There are literally billions of dollars worth of new apartments slated for completion over the next 3 years.

reportonbusiness.com: Housing resales drop 6.3% in January

reportonbusiness.com: Housing resales drop 6.3% in January

Housing resales drop 6.3% in January

LORI MCLEOD

Globe and Mail Update

February 29, 2008 at 2:13 PM EST

A predicted slowdown in the residential housing market has been proven out by January resale housing figures which show a drop in year-over-year unit sales in every part of the country except Saskatchewan and Newfoundland.

Home sales volumes dropped by an average of 6.3 per cent across Canada compared with January, 2007, at the same time a glut of new listings flooded the market, according to data released Friday by the Canadian Real Estate Association (CREA).

New listings on the Multiple Listing Service rose 10.7 per cent in January from December, the largest month-over-month increase in seven years, according to CREA. The 74,943 units up for sale in January set a new record for the month.

“The overall increase in new listings stemmed mainly from a jump in listings in Western Canada,” said Gregory Klump, chief economist at CREA, in a statement.

Lofty home prices continued to keep buyers in British Columbia and Alberta on the sidelines last month.

CNW Group | SCOTIABANK - ECONOMIC REPORTS | Scotiabank Forum Predicts Another Healthy Year Ahead For Canadian Real Estate Markets

CNW Group | SCOTIABANK - ECONOMIC REPORTS | Scotiabank Forum Predicts Another Healthy Year Ahead For Canadian Real Estate Markets

Attention Business Editors:

Scotiabank Forum Predicts Another Healthy Year Ahead For Canadian Real Estate Markets

    TORONTO, Feb. 26 /CNW/ - Canadian real estate markets remain remarkably
buoyant, especially in light of the deepening housing downturn in the United
States and the generally softening conditions in most other advanced economies
globally, according to experts who presented today at Scotiabank's Canadian
Real Estate Outlook and Trends Forum 2008.
   During the forum, which was held in Toronto, keynote speaker Phil Soper,
President and CEO of Brookfield Real Estate Services commented, "Our
expectations are that balanced conditions will prevail throughout 2008, which
will mark a return to a more 'normal' environment than the highly skewed
seller's market that we have experienced over the better part of this decade.
A stumbling American economy will impact us, slowing growth here at home, yet
the solid foundation that supports the contemporary Canadian economy should
prevent the housing market here from retracting."
   Also speaking at the conference was Adrienne Warren, Senior Economist,
Scotiabank. "We expect construction, sales and price gains to moderate in 2008
due to decreasing affordability, especially for first-time buyers, and some
softening in domestic economic conditions associated with the intensifying
U.S. slowdown," remarked Ms. Warren while presenting the findings of her
latest Real Estate Trends Report. "Housing starts will likely ease to around
204,000 units, still firmly above underlying household formation, with the
more affordable multiple-family segment holding up better than single-detached
construction."
   Ms. Warren added that more balanced resale market conditions, as sales
volumes edge down and more listings come on stream, should bring average price
increases back into the mid-single digit range. Renovation activity, which
lags the trend in home resales by one to three years, will outperform new
construction.
   Mr. Soper added, "New flexible financial products, affordable interest
rates and increasing choice in the condominium market across Canada, will
continue to attract first-time buyers to real estate - even in high-priced
markets. We can also expect to see a broadening buyer pool, as emerging high
growth market segments such as single female buyers are anticipated to take
advantage of the favourable market conditions."

   Economic conditions still favour Western Canada