Archive for April, 2015

BC market booms in March helped by Alberta’s woes

Friday, April 17th, 2015

Jamie Henry
Other

While Alberta’s economic concerns over the oil industry continue it seems that the situation is good news for neighbours in British Columbia.

While times have been good in the energy sector, workers from B.C. have been crossing the border to buy homes in Alberta; now they are staying put.

BMO economist Robert Kavcic told the Financial Post: “Net migration between those two provinces has gone from about 10,000 per year in Alberta’s favour to about zero now.”

The average sale price in B.C. was $641,799 in March, according to the BC Real Estate Association. That’s up 14.1 per cent from a year ago and sales volume is up 37.6 per cent year-over-year.

While Vancouver accounts for much of the dollar-increases with an average selling price in the city reaching $891,652, other B.C. cities are also seeing large gains .In the Fraser Valley there has been a 45.4 per cent increase in sales in a year and The South Okanagan rose by 30.3 per cent. 

Copyright © 2015 Key Media Pty Ltd

Toronto home sales up this month as market stays tight

Friday, April 17th, 2015

Jennifer Paterson
Other

New figures that show listings were down and sales were up in the GTA so far in April continue to drive the conversation around the need to balance supply and demand in this hot market.

The Toronto Real Estate Board reported 4,635 home sales during the first 14 days of April, which represents a 3.4 per cent increase compared to April 2014. However, new listings over the same period were down by 4.6 per cent year-over-year.

“Home sales in the GTA continued to increase in comparison to 2014 as a diversity of buyers took advantage of affordable home-ownership options,” said TREB president Paul Etherington.

“However, in many neighbourhoods, listings remain scarce, particularly for ground-oriented home types like singles, semis and towns.

“Given the amount of pent-up demand in the market today, sales growth would accelerate further if more homes were listed for sale.”

The average selling price for April mid-month home sales was $625,121, up seven per cent in comparison to the same time frame in 2014. Average prices were up for all major home types, both in the City of Toronto and the surrounding regions.

“We are experiencing balanced to seller’s market conditions in most areas and market segments in the GTA,” added Jason Mercer, TREB’s director of market analysis.

“This suggests that home ownership demand is being driven by a wide swath of the population. On one hand, strong growth in condo listings has been met with strong growth in condo sales.

“On the other hand, we have also experienced growth in higher-end home sales.”

Copyright © 2015 Key Media Pty Ltd

CityHomes 1777 56th Street Tssawwassen 41 boutique low-rise residences

Thursday, April 16th, 2015

REW
Other

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BC Home Sales Up 37.6% in March, Prices Up 14%

Thursday, April 16th, 2015

Joannah Connolly
Other

As in Vancouver and the Fraser Valley, the province as a whole had a case of spring fever when it came to real estate transactions in March, judging by the British Columbia Real Estate Association (BCREA) figures released April 16.

There were total of 9,101 MLS home sales in March, up 37.6 per cent from the same month last year. Total sales dollar volume was $5.8 billion, an increase of 57.1 per cent compared to a year ago.

The average MLS residential price in BC rose to $641,799, up 14.1 per cent compared with March 2014.

“BC home sales climbed significantly in March,” said Cameron Muir, BCREA chief economist. “More homes traded hands last month than any March since 2007. On a seasonally adjusted basis, March posted the most home sales of any month since December of 2009.”

In 2015’s first quarter, BC residential sales were up 22.5 per cent year over year to 20,139 units, while the average MLS residential price was up 8.7 per cent at $630,435.

“Rock bottom interest rates and rising consumer confidence have strengthened housing markets in most regions of the province,” added Muir.

“Many board areas are now exhibiting sellers’ market conditions with home prices advancing well above the overall rate of inflation.”

The report came out the day after the Canadian Real Estate Association (CREA) released its own monthly figures.

According to the national association, nationwide MLS home sales rose 9.5 per cent compared with March 2014 levels and the average sale price rose 9.4 per cent year-over-year basis in March.

However, CREA added that Vancouver and Toronto’s figures had skewed the national average upwards significantly. Excluding Greater Vancouver and Greater Toronto, the average house price increased by 2.4 per cent year over year.

March sales were up from the previous month in nearly two-thirds of all Canada’s markets, led by Greater Vancouver and the Fraser Valley.

© 2015 Real Estate Weekly

St. Paul’s moving to False Creek Flats at a price of $1 Billion

Thursday, April 16th, 2015

Mike Howell
Van. Courier

Attended a news conference Monday where Providence Health Care officials unveiled plans to build a new “state-of-the-art” hospital on the False Creek Flats.

No surprise, there were many doctors there.

Also saw philanthropist Robert Lee and Police Chief Jim Chu in the crowd.

But I didn’t see any city politicians in the room.

Hmmm … you would think maybe Mayor Gregor Robertson might be on hand for an announcement about a $1 billion project that affects one of the last big pieces of vacant land in the city.

Maybe his absence had something to do with the fact the city had assumed St. Paul’s Hospital on Burrard Street was staying put.

After all, Premier Christy Clark did commit in June 2012 to redeveloping the century-old hospital. I tracked down the news release from the premier’s announcement.

And I quote: “St. Paul’s Hospital delivers world-class care to families in Vancouver and from across British Columbia. Finalizing the concept plan is a critical milestone that will lay a strong foundation for a redeveloped hospital that ensures patients and families continue to receive that world-class health care for years to come.”

If you’re counting, yes, she did say “world-class” twice.

So with the premier on record in 2012 and the city going ahead with planning the future of the West End (which incorporated St. Paul’s) and the False Creek Flats (which is heavy on providing job space) then Robertson’s absence is understandable.

The mayor told reporters Tuesday that Health Minister Terry Lake informed him last week about the new project. While Robertson hopes to see a net increase in services for mental health and addictions at a new facility, he is worried that West End seniors, HIV/AIDS patients and others who rely on St. Paul’s won’t receive the primary and emergency care they need.

“It remains a concern to find out their final decisions late in the game,” he said of the announcement by Providence, which is working with the province on the proposal. “We were deep in a planning process. There were certainly rumours about the province moving St. Paul’s facilities to False Creek Flats but nothing substantiated for years.”

Added Robertson: “There needs to be more cooperation. When we’re planning for the long term, it’s good to have more notice with the major moves from our government partners.”

At Monday’s news conference, the project’s lead manager Neil MacConnell said Providence still has to have “significant conversations with the city” about the new hospital.

MacConnell and Lake also promised consultation with West End residents, who will be without an emergency department, MacConnell announced Monday.

As for Clark’s commitment in 2012 to redevelop the hospital, Providence’s president and CEO Dianne Doyle explained Monday that an analysis concluded redevelopment wouldn’t be good value for money spent.

Now it’s up to the St. Paul’s Foundation to raise at least $500 million towards the $500 million already promised by the province for the project.

Then, if the new hospital opens by 2022 as planned, the public and the mayor of the day — likely not Robertson, but who knows — will be able to say whether it’s worth the money.

Meanwhile, the old St. Paul’s remains open.

©Vancouver Courier

BC Home Sales Post Strongest March in Eight Years

Thursday, April 16th, 2015

BCREA
Other

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We’ve reached the ‘soft landing’ says Royal Le Page

Thursday, April 16th, 2015

Jamie Henry
Other

Real estate brokerage Royal LePage says that the Canadian housing market has hit the predicted “soft landing” with price increases now slower than normal.

Even so, prices did increase by a rate of between 3.8 per cent and 6.6 per cent in the first quarter of this year compared to a year earlier. Detached bungalow prices rose 6.6 per cent to an average of $405,985, while two-storey detached home prices were up 5.3 per cent to $451,462 and condos were up 3.8 per cent to $261,782.

Royal LePage says that consumer sentiment has been affected by the oil industry decline but lower interest rates have offset some of the impact.

Phil Soper, president and CEO of Royal LePage, said: “On balance, we believe we will not be seeing the kind of appreciation observed over the last three years any time soon, as markets work through the current cycle and align with broader economic conditions.

“In terms of downside risk, we do not foresee a sharp decline in home prices, particularly in today’s low interest rate environment.”

Calgary’s economic concerns have pushed the city to below national average price increases, having been one of the top three for appreciation previously.

Regina posted year-over-year price declines in the detached home category, while Saskatoon remained relatively flat.

Meanwhile, Toronto and Vancouver both posted at or near double-digit year-over-year price increases across all housing types surveyed, with Hamilton posting comparable gains.

Copyright © 2015 Key Media Pty Ltd

Bank of Canada talks about corrections in some housing markets

Thursday, April 16th, 2015

Jamie Henry
Other

In the Bank of Canada’s economic outlook on Wednesday it reiterated its concern about the housing market, saying that it still expected a soft landing for most regions.

However, as the bank confirmed that interest rates were holding steady at 0.75 per cent, it sounded a warning about corrections in some markets.

Alberta’s oil industry downturn is a factor for concern, but so is the growth of prices in Toronto and Vancouver.

The BoC noted that if there was to be a correction in prices in those markets it shouldn’t spill over into other regions, but that it would be “a major event” if it did. 

Copyright © 2015 Key Media Pty Ltd

Vancouver housing market heats up

Wednesday, April 15th, 2015

Emma Crawford Hampel
Van. Courier

The number of homes being sold in Greater Vancouver continues to grow while prices are also creeping upward, according to Canadian Real Estate Association (CREA) data released April 15.

A total of 3,572 homes changed hands in March, which is up 4.5 per cent compared with a month prior.

The average home sold for $870,207 in the month — an increase of 3.1 per cent compared with February.

Nationally, the average home sale price was $431,276 — less than half of Vancouver’s average. The Fraser Valley had an average sale price of $554,521, followed by Victoria at $506,899. The highest home sale price outside of Vancouver was found in Greater Toronto, at $601,454.

Nationwide, 40,670 homes were sold in March, which represents an increase of 4.1 per cent for the month. 

“Greater Vancouver and the GTA [Greater Toronto Area] are really the only two hot spots for home sales and prices in Canada,” CREA chief economist Gregory Klump said. “Price gains in these two markets are being fuelled by a shortage of single family homes for sale in the face of strong demand.

“Meanwhile, supply and demand for homes is well balanced among the vast majority of housing markets elsewhere across Canada.”

Robert Hogue, RBC senior economist, reiterated the fact that Toronto and Vancouver are leading the country, and pointed out that Vancouver is particularly hot.

“Toronto and Vancouver remain the most vibrant markets in the country — in fact, Vancouver is heating up quite rapidly at this stage — whereas the level of activity in the vast majority of other markets is still subdued,” Hogue said.

In 2015’s first quarter, the total dollar volume of all homes in Greater Vancouver soared 38 per cent — the highest rate of growth in the country — when compared with the same period last year. In the three months to March $8.6 billion worth of homes were sold, compared with $6.2 billion in Q1 2014.

All CREA numbers are seasonally adjusted and compiled from select MLS systems from across the country, including the British Columbia Real Estate Association.

Royal LePage also released its data for the quarter April 15. The real estate company pointed out that it is detached homes and standard two-storey residences that are leading Vancouver’s price growth with double-digit increases compared to the same period last year. The average detached home sold for $1,174,509 in the quarter — an increase of 10.6 per cent — and the average two-storey home price was $1,267,287, up 10.3 per cent.

The Royal LePage House Price Survey is based on the organization’s opinions of fair market value based on local market knowledge of residential real estate experts.

The data from both the CREA and Royal LePage differs from the information released yesterday by Teranet, which uses figures compiled from “repeat sales methodology” statistics. This involves examining an aggregation of home value changes for homes that have been sold multiple times in a particular time frame.

© 2015 Vancouver Courier

 

How to Use Hashtags on Every Social Media Network

Wednesday, April 15th, 2015

Michael Patterson
Other

We talk about hashtags a lot, but we haven’t stepped back to consider the basics in a while. Hashtags are a way for social media users to tag their posts with keywords, which in turn make them easier for social networks to organize and users to search — we all know that.

But where do hashtags came from? How can you use them for your business? Who decided to put a pound symbol in front of a word to start tracking trends across social networks?  And maybe the most important question of all: Are hashtags going to stick around for years to come, or are they something that we’ll regret when VH1 takes a look at the 2010s?

Hashtags have become such a common practice these days that people have started using them outside of their intended purpose. People use them in text messages, chats, songs, and advertisements.

What Are Hashtags?

hash·tagA word or phrase preceded by a hash mark (#), used within a message to identify a keyword or topic of interest and facilitate a search for it.

So whenever a user adds a hashtag to their post, it is immediately indexed by the social network and searchable by other users. Once someone clicks on that hashtag, they’ll be brought to a page that aggregates all of the posts with the same hashtagged keyword in real-time. Once a keyword picks up enough momentum it becomes known as “trending.” Trending isn’t simply a matter of becoming the most popular hashtag on the networks. Each users’ trending topics is different based on their location and social connections.

Where Did Hashtags Come From?

It may be pretty surprising to hear, but the first use of a hashtag in social media can actually be traced back to one man. Chris Messina, a former Google employee who worked in developer relations and as a designer on Google+, Tweeted the first ever hashtag. This Tweet took place all the way back in 2007, so it took quite a bit to catch on, but when it did, it did in a big way.

How to Use Hashtags

Using a hashtag in a social post is as simple as adding the ‘#’ sign before a single word or phrase without spaces or punctuation (numbers are okay).  

  • Don’t string too many words together with a single hashtag.
  • If you tweet with a hashtag on a public account, anyone who does a search for that hashtag may find your tweet.
  • Don’t #spam #with #hashtags. Don’t over-tag a single tweet.
  • Use hashtags only on tweets relevant to the topic.

Though it’s easy to quickly create and send out a post with a hashtag in it, there is some basic etiquette when it comes to using them. We’ll cover some of the advanced ways to use hashtags, but first lets take a step back and look at what Mediabistro put together outlining some of the basic rules for creating a tweet with hashtags. Though it’s easy to create a hashtag, it’s not quite as easy to do it in a correct or relevant way. 

Creating Your Own Hashtag

Creating your own hashtag can be a powerful thing. If you do it right, and have a lot of luck on your side, your hashtag will start trending among your circle of followers. Then, whenever someone sees that hashtag they’ll be reminded of your brand. However, there are tons of horror stories online of marketers failing when creating their own hashtag.

The key to to creating a hashtag that doesn’t leave you vulnerable is to write it free of ambiguity. It’s important to completely guide how you want the conversation to go, otherwise you’re at the mercy of the Internet. One example of a campaign that did extremely well — it was actually created for Audi by Sprout’s Andy White — was #WantAnR8. Twitter users would use that hashtag to tell Audi why they would want an R8 for the day, and then whoever submitted the best tweet won the opportunity.

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** I #WantAnR8 because it is the most perfectly engineered road slaying machine ever constructed by human hands!!! — Bran (@Brandon_theHero) October 19, 2012 **

                                    ———————————————————————–

Tweets like Bran’s exploded around Twitter, generating a huge buzz for Audi at an extremely low cost.

Advertising on Trending Hashtags

Instead of creating your own hashtags, you have the opportunity to craft Tweets based around trending hashtags in hopes of gaining visibility from users searching that trend. The absolute key thing to remember here is relevance. There are times when a brand attempts to force itself onto users through trending topics when it just doesn’t make sense. It doesn’t make for a good experience to be seen as an irrelevant ad.

However, when done right, riding a trending hashtag’s coattails can lead to significant payouts. A few weeks ago, the San Diego Comic-Con was going on, and the @LEGOBatmanGame is taking full advantage of this by using the trending #SDCC hashtag to promote their brand, which is completely relevant to this audience.

Hashtag Tracking and Analytics

When you’re thinking of hashtags that you could use to engage with your audience, it’s also beneficial to look towards your audience. Find the keywords and hashtags that are already associated with your brand, and bolster the positive ones. With something like Sprout Social’s Trends report, it’s easy to find out exactly which terms are being associated with your brand most often.

Not only are tools like these good for finding new things to tweet about, they’re good for seeing how well your Tweets are performing in general. Easily track retweets, favorites, social reach, and more.

Which Networks Support Hashtags?

Most networks use hashtags in the same basic way; to organize data and make it easier for user consumption. However, each network has a different tweak on how they use them.

Twitter: The network that brought us the hashtag is the most popular site to use it on. Just scrolling through my own feed I see that more than half of the tweets contain a hashtag. You can find the trending topics on the left hand side of your Twitter stream.

Facebook: Clicking a hashtag on Facebook will bring you to a separate page with posts that are visible to you based on the various users’ privacy settings. You’ll also see the different trending topics in the top right hand corner of your News Feed.

Instagram: Hashtagging on Instagram is great if you want to see photos similar to the ones that you’ve taken. Simply hashtag the picture you took and it will create a link to a page with other pictures of the same subject.

Google+: Google+ uses hashtags similar to the other sites, but with one main difference. Google+ will add hashtags to content if they think that it is a relevant and popular keyword. You can always opt-out of this through Google+ if you’d like.

Tumblr: When you’re creating a post on your Tumblr page, you’ll see an area at the bottom asking you to add “tags.” When you start to type a tag for your post, Tumblr will automatically add a hashtag to the front of it.

Pinterest: The main thing that you need to bear in mind when creating hashtags on Pinterest is that they’re only clickable in a Pin description. Also, hashtags aren’t searchable on Pinterest, so you’ll need to just search the keyword to find the content.

YouTube: Hashtag use within YouTube is most prevalent in the comments section. Users can leave comments with hashtags, which will then click through to a page with videos that contain that hashtag in their title.

Kickstarter: On Kickstarter, sorting by different hashtags can make it easier for you to find projects you’d be interested in investing in.

Vine: As a company owned by the creators of the hashtag, you’d better believe that Vine has included the functionality. As with other sites, adding a link to your Vine’s description will bring you to a page with Vine’s on the same topic.

Other Networks that Support Hashtags:

  • App.net
  • Flickr
  • FriendFeed
  • GitHub
  • Tout

Are Hashtags Here To Stay?

This all brings us back to the most important question: are hashtags here to stay? Seeing as how they’ve been integrated into most of the popular social media platforms, and social media has entered almost every facet of our lives, the answer is yes.

Though they’ve become stigmatized in our culture, hashtags actually do play a vital role on social media when used within reason. Hashtags create incentives for people to categorize their posts, which in turn makes it easier for users looking for posts on the same topic to find content. It’s also an easy way to distribute popular news to groups of people who otherwise may not be actively searching for it.

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