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Blog by Don Kennedy

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Mortgage Policy Changes Hit Affordability Hard

June 15th, 2018

 

Vancouver, BC – June 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar volume ...

VANCOUVER WEST MAY HOUSE MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER EAST MAY HOUSE MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER WEST MAY APARTMENT MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER EAST MAY APARTMENT MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER WEST MAY TOWNHOME MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

VANCOUVER EAST MAY TOWNHOME MARKET

June 8th, 2018

Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.

 

The News Release reports May being in lockstep with preceding months in 2018 by showing sales well below the 10 year average for the month. Although available listings, which are also below average for May, could be a contributing factor to diminished activity the likely culprit pointed out is decl ...

BCREA 2018 Second Quarter Forecast Sees Housing Slowdown

May 31st, 2018

Slower Growth Expected for Economy and Housing Market 
BCREA 2018 Second Quarter Housing Forecast Update

Vancouver, BC – May 31, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 9 per cent to 94,200 units this year, after postin ...

BC Home Sales Show Little Change in April

May 14th, 2018

BC Home Sales Show Little Change in April

Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,203 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in April, a 16.8 per cent decrease from the same month last year. The average MLS® residential price in BC was $730,507, up 0.2 per cent ...

BC UNEMPLOYMENT UP UNDER NEW GOVERNMENT

May 12th, 2018
BCREA ECONOMICS NOW

Canadian Employment - May 11, 2018

Canadian employment was essentially unchanged in April on a monthly basis but up 1.5 per cent compared to 1 year ago. The national unemployment rate remained unchanged at 5.8 per cent and total hours worked across the economy grew by 1.9 per cent.

In BC, employment grew by 2,900 jobs. With the economy close to its full-employment level, part ...
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